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Textbooks / Business / Intermediate Accounting 15

Intermediate Accounting 15th Edition - Solutions by Chapter

Intermediate Accounting | 15th Edition | ISBN: 9781118147290 | Authors: Donald E. Kieso

Full solutions for Intermediate Accounting | 15th Edition

ISBN: 9781118147290

Intermediate Accounting | 15th Edition | ISBN: 9781118147290 | Authors: Donald E. Kieso

Intermediate Accounting | 15th Edition - Solutions by Chapter

The full step-by-step solution to problem in Intermediate Accounting were answered by , our top Business solution expert on 11/23/17, 05:08AM. Since problems from 24 chapters in Intermediate Accounting have been answered, more than 37892 students have viewed full step-by-step answer. Intermediate Accounting was written by and is associated to the ISBN: 9781118147290. This expansive textbook survival guide covers the following chapters: 24. This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15.

Key Business Terms and definitions covered in this textbook
  • average fixed cost

    fixed cost divided by the quantity of output

  • discrimination

    the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics

  • economic profit

    total revenue minus total cost, including both explicit and implicit costs

  • efficient markets hypothesis

    the theory that asset prices reflect all publicly available information about the value of an asset

  • equilibrium

    a situation in which the market price has reached the level at which quantity supplied equals quantity demanded

  • equilibrium price

    the price that balances quantity supplied and quantity demanded

  • Fisher effect

    the one-for-one adjustment of the nominal interest rate to the inflation rate

  • imports

    goods produced abroad and sold domestically

  • income elasticity of demand

    a measure of how much the quantity demanded of a good responds to a change in consumers’ income, computed as the percentage change in quantity demanded divided by the percentage change in income

  • inflation tax

    the revenue the government raises by creating money

  • marginal change

    a small incremental adjustment to a plan of action

  • market failure

    a situation in which a market left on its own fails to allocate resources efficiently

  • market power

    the ability of a single economic actor (or small group of actors) to have a substantial influence on market prices

  • moral hazard

    the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior

  • Nash equilibrium

    a situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen

  • rivalry in consumption

    the property of a good whereby one person’s use diminishes other people’s use

  • scarcity

    the limited nature of society’s resources

  • signaling

    an action taken by an informed party to reveal private information to an uninformed party

  • trade balance

    the value of a nation’s exports minus the value of its imports; also called net exports

  • world price

    the price of a good that prevails in the world market for that good