Recent Tutoring Session Reviews
"The student has a quiz, so we went over the material for that. We covered both long and short run cost curves, why they are shaped the way that they are, and how they can be shifted. We also went over the different market structures - perfect competition, monopolistic competition, and oligopoly - as well as their characteristics."
"The student and I reviewed problems concerning collectability of unearned revenues. He opined that when a product has a 90 day warranty, half of it will be collectible because 50% is the average and conservative rate of collectability. We also reviewed a problem about rebates and how after a company distributes to customers a certain amount, it still has to record as a liability the unpaid warranty amounts for a year-end entry. The student is doing well as usual and works hard to only ask questions that are more conceptual and difficult."
"In this session, the student and I worked through the last problem set for his class. It covered several topics in macroeconomics, including GDP and what constitutes it, inflation, and how to calculate each of them."