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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 5682 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
  • accounting profit

    total revenue minus total explicit cost

  • average variable cost

    variable cost divided by the quantity of output

  • behavioral economics

    the subfield of economics that integrates the insights of psychology

  • complements

    two goods for which an increase in the price of one leads to a decrease in the demand for the other

  • constant returns to scale

    the property whereby long-run average total cost stays the same as the quantity of output changes

  • diversification

    the reduction of risk achieved by replacing a single risk with a large number of smaller, unrelated risks

  • efficient markets hypothesis

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

  • informational efficiency

    the description of asset prices that rationally reflect all available information

  • marginal change

    a small incremental adjustment to a plan of action

  • marginal product of labor

    the increase in the amount of output from an additional unit of labor

  • marginal tax rate

    the amount that taxes increase from an additional dollar of income

  • natural level of output

    the production of goods and services that an economy achieves in the long run when unemployment is at its normal rate

  • poverty rate

    the percentage of the population whose family income falls below an absolute level called the poverty line

  • principal

    a person for whom another person, called the agent, is performing some act

  • production possibilities frontier

    a graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology

  • profit

    total revenue minus total cost

  • supply curve

    a graph of the relationship between the price of a good and the quantity supplied

  • tariff

    tax on goods produced abroad and sold domestically

  • total revenue (in a market)

    the amount paid by buyers and received by sellers of a good, computed as the price of the good times the quantity sold

  • world price

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

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