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Jack Robinson :: Friends blog

May 15, 2008

Between wrapping up the spring semester and starting my summer "vacation" plans, I changed my profile page to include links to some of the most popular articles I've written over the years.

In case you hadn't seen them all, here they are:

Enjoy these, there are plenty more where they came from.
 

Posted by Professor Cram | 0 comment(s)

May 13, 2008

Last year the Republican and Democratic national committees laid down the rules for when states could schedule their primaries. Florida and Michigan both decided unilaterally that they were not going to wait until after Super Tuesday and scheduled their primaries early. Both states were tired of the races being over before they got their say, and felt states like theirs with important voting blocks should have a say in the primary outcomes.

Both committees threatened sanctions against the states, and neither side backed down. So now we stand mired in a quandary: if the committees stand firm they risk alienating large voting blocks; if they give in, pandemonium will ensue next primary season as every state ignores the committee guidelines. Face it, coverage of the last several Democratic primaries have all had similar themes -- "this is the first time West Virginia has had a say in the primary..." States dig this opportunity, and at the local level this gets more people interested in registering and voting.

I don't know how this will play out for this year. (Personally I think every registered voter who wants to vote should be able to do so, and that vote should count.) For next time, though, I propose a solution before the problems start.

  • Let Iowa and New Hampshire go first, they'll have a fit otherwise. As every parent knows, sometimes you just have to let the little ones have their way if you want any peace.
  • For the rest of the states, schedule primary dates for Super Tuesday, not so super Monday, etc. so that you have the right number of total primaries.
  • Hold a lottery draw to fill in the slots for those primaries. This way, Montana and South Dakota and New Mexico won't always be the last ones -- they could luck into a Super Tuesday slot!

Food for thought... Anticipate the problem and come up with a solution BEFORE it rears its ugly head.
 

Keywords: Barack Obama, Democrat, Democrat primary, Florida, Hillary Clinton, John McCain, Michigan, primary, Republican, Republican primary, Super Tuesday, US presidential primary

Posted by Rudy | 0 comment(s)

May 12, 2008

Dear Professor Cram, 

I need your advise. Business sells items. 25% customers pay next month. For Oct. cash collected was $21000 and $6500(accounts receivable) from Sept. Total-27500. What is revenue in this case?

Thank you,

Luiza

___________________

If you are on cash basis accounting, this is simply the $27,500 received in the month.

However, I expect you are on accrual basis, in which case the sales made in the month are what you want to count instead of the cash received. Under accrual, you sold $21,000 that you already collected on, and another 25% that will be collected the following month. Therefore, the $21,000 is 75% of revenue for the month. Now it becomes an algebra problem:

$21,000/.75 = $28,000 

The $6,500 of accounts receivable is the 25% of the prior month's revenue, so it doesn't count for this month.

Good studying! 

Posted by Professor Cram @ Accounting | 1 comment(s)

The latest issue of Time carries the story "Is it time to invade Burma?" They describe the devastation of Cyclone Nargis as it slammed into the Irrawaddy Delta last week, and the inability/unwillingness of the military junta to embrace international aid to their stricken populace.

Is the answer here to "force" assistance? Is the answer to render aid in spite of the wishes of the Burmese government? This is a hard one to swallow. On one hand, the humanitarian perspective says "it is easier to ask for forgiveness than permission." On the other hand, the "rightness" of forcing our values and sense of justice on a sovereign nation is at the core of the current opposition to the invasions of Iraq and Afghanistan.

It isn't easy being the good guy... 

Keywords: Afghanistan, Burma, cyclone, humanitarian aid, Iraq, Irrawaddy, Myanmar, UN, United Nations

Posted by Rudy | 0 comment(s)

May 10, 2008

I'm doing this assignment and I'm totally lost,

U.S. :

d= 200 -40p

s= 40 +40p

Rest of the world:

d= 160 -40p

s= 80 +40p

The U.S. govenment imposes a quota of 32 units on its imports. Calculate the magnitude of deadweight loss resulting from the quota under the assumption that the U.S. is a small open economy?

If anyone knows about this it would great if you could help me out!

 

Posted by henry hong @ Economics | 2 comment(s)

May 05, 2008

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Posted by Accounting | 0 comment(s)

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Posted by Business Math | 0 comment(s)

Every day, bunches of economics students searching for homework help because they're having trouble with economics end up at College-Cram.com. Sometimes the textbook is confusing and other times they just need some extra help, but either way we have a bunch of resources to help students get the economics homework help they need:

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Posted by Economics | 0 comment(s)

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Posted by Finance | 0 comment(s)

May 04, 2008

Democrats raised holy hell back in the presidential election of 2001, where voting irregularities in Florida were cited as evidence that not all votes were being counted. It's somewhat ironic that the same issue has once again raised its ugly head in this year's primary season, only this time it's Florida and Michigan voters that are being disenfranchised. The main difference, of course, is that a large portion of the Democratic faithful (those who pull for Obama) are the ones being accused by a different large portion of the Democratic faithful (those pulling for Hillary) of ignoring the will of the people.

Amidst this ongoing tempest, it's interesting to see that in yesterday's Guam primary the difference between winner Barack Obama and loser Hillary Clinton was a scant seven votes. SEVEN. That's like a few friends who decided to vote before going to a movie.

I guess every vote does count, as long as you don't live in Florida or Michigan. 

Keywords: Barack Obama, change, Democratic, Democrats, election, Hillary Clinton, presidential primary, primaries

Posted by Rudy | 0 comment(s)

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