Jasper makes a $88,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice Debit Notes Receivable $88,000; credit Sales $88,000. Debit Notes Receivable for $88,000; credit Cash $88,000. Debit Accounts Receivable $88,000; credit Notes Receivable $88,000. Debit Cash $88,000; credit Notes Receivable for $88,000. Debit Notes Payable $88,000; credit Accounts Payable $88,000.

Which of the following is considered part of a country’s infrastructure?

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.