Suppose the decision to acquire schooling depends on three factors—preferences (joy of learning), costs (monetary and psychic), and individual-specific returns to education. a. Explain how each of these factors affects one’s optimal amount of schooling. b. Using these three factors, explain why someone who faces a very steep wageschooling locus may still opt to obtain very little schooling. c. Consider two groups of people—Alphas and Betas. The cost of schooling is the same for each. The average level of schooling and salary for Alpha types is 15 years and $120,000, while the average level of schooling and salary for Beta types is 13 years and $100,000. Why is it that 10 percent, which is calculated as ($120,000 – $100,000)/(15 – 13), is not a good estimate of the annual return to an additional year of education?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

In which job role will you be creating e-papers, newsletters, and periodicals?

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?