Econ 301 Exam 1 Questions

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Sets found in the same folder, econ final exam review - exam 2, econ 301 exam 1 study guide, econ 301 quizzes 1-6, econ 301 anderson odu : all exam and quiz mat…, other sets by this creator, final exam compensation management, lape exam 2, lape exam 1 - regression theory, lape exam 1 - ptsf chs 1&2, verified questions.

P ( A 1 ) = . 60 , P ( A 2 ) = . 40 , P ( B 1 ‚ą£ A 1 ) = . 05 P(A_1) = .60, P(A_2) = .40, P(B_1 | A_1) = .05 P ( A 1 ‚Äč ) = .60 , P ( A 2 ‚Äč ) = .40 , P ( B 1 ‚Äč ‚ą£ A 1 ‚Äč ) = .05

P ( B 1 ‚ą£ A 2 ) = . 10. P(B_1 | A_2) = .10. P ( B 1 ‚Äč ‚ą£ A 2 ‚Äč ) = .10.

Use Bayes’ theorem to determine

P ( A 1 ‚ą£ B 1 ) . P(A_1 | B_1). P ( A 1 ‚Äč ‚ą£ B 1 ‚Äč ) .

How might wars between drug cartels affect the economy of Mexico ?

What account title is used to journalize the Total Earnings column of the payroll register?

Outdoor Leadership School is a newly organized business that teaches people how to inspire and influence others. The list of accounts to be opened in the general ledger is as follows:

¬†Accounts¬†Payable¬† ¬†Miscellaneous¬†Expense¬† ¬†Accounts¬†Receivable¬† ¬†Prepaid¬†Insurance¬† ¬†Cash¬† ¬†Rent¬†Expense¬† ¬†Equipment¬† ¬†Supplies¬† ¬†Fees¬†Earned¬† ¬†Supplies¬†Expense¬† ¬†Lorri¬†Ross,¬†Capital¬† ¬†Unearned¬†Rent¬† ¬†Lorri¬†Ross,¬†Drawing¬† ¬†Wages¬†Expense¬† \begin{array}{ll}\text { Accounts Payable } & \text { Miscellaneous Expense } \\ \text { Accounts Receivable } & \text { Prepaid Insurance } \\ \text { Cash } & \text { Rent Expense } \\ \text { Equipment } & \text { Supplies } \\ \text { Fees Earned } & \text { Supplies Expense } \\ \text { Lorri Ross, Capital } & \text { Unearned Rent } \\ \text { Lorri Ross, Drawing } & \text { Wages Expense }\end{array} ¬†Accounts¬†Payable¬† ¬†Accounts¬†Receivable¬† ¬†Cash¬† ¬†Equipment¬† ¬†Fees¬†Earned¬† ¬†Lorri¬†Ross,¬†Capital¬† ¬†Lorri¬†Ross,¬†Drawing¬† ‚Äč ¬†Miscellaneous¬†Expense¬† ¬†Prepaid¬†Insurance¬† ¬†Rent¬†Expense¬† ¬†Supplies¬† ¬†Supplies¬†Expense¬† ¬†Unearned¬†Rent¬† ¬†Wages¬†Expense¬† ‚Äč

List the accounts in the order in which they should appear in the ledger of Outdoor Leadership School and assign account numbers. Each account number is to have two digits: the first digit is to indicate the major classification ( 1 for assets, for example), and the second digit is to identify the specific account within each major classification ( 11 for Cash, for example).

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Economics 301 Assignment #1 (Show All Your Work!)

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