Which of the following is NOT an assumption that Neoclassical economics makes about people? People are as good at assessing future options as they are in assessing current ones. People are driven by the pursuit of maximum satisfaction. People care deeply about fairness and are often generous. People's tastes and preferences are stable and definite. b. Neoclassical economic models make simplifying assumptions about people's rationality and preferences for all of the following reasons EXCEPT they allow the models to be conveniently solved mathematically. they allow the models to generate quite precise predictions of behavior. they allow the models to generate quite accurate predictions of behavior. they make the models mathematically elegant. c. Behavioral economics assumes that people are always focusing on their self-interest and maximizing their own net benefits. prone to falling prey to temptation because they lack sufficient willpower. eager to and capable of estimating the benefits and costs of their decisions. definitely aware of their preferences and are consistent in their preferences. d. Neoclassical economics and behavioral economics disagree on all of the following assumptions EXCEPT the rationality of people. determinants of prices. the stability of people's preferences. the strength of people's willpower.

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.