ANSWER: The change in Accounts Receivable will be added to net income; The change in Inventory will be subtracted from net income.
WHAT IS COMPARATIVE BALANCE SHEET?An organization's financial situation over various time periods for which comparison is done or is necessary are shown on a comparative balance sheet. In order to illustrate the trend, the direction of change, assess, and take appropriate action, the financial position is compared with two or more periods.
Due to the comparative balance sheet's value, the majority of companies with diverse business verticals prepare one in comparison to another business vertical.
The columns in a comparative balance statement contain the years and sums, with the rows containing the things to be included.
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Melissa invested $45,000. in the Vanguard "B" mutual fund. The net asset value of the fund at the time of purchase was $12.78 and was back-loaded, with a loading rate of 4.5%. When she cu sold her fund shares, the net asset value was $22.33 Considering the back-end load, how much profit/loss did she make on her investment?
Melissa made a profit of $31,571.69 on her investment, considering the back-end load.
How to calculate how much profit/loss did she make on her investment?Calculating the number of shares purchased:
Number of shares = Investment amount / NAV at the time of purchase
Number of shares = $45,000 / $12.78 = 3,520.81 shares (rounded to two decimal places)
Calculating the value of the investment at the time of sale:
Value at the time of sale = Number of shares * NAV at the time of sale
Value at the time of sale = 3,520.81 shares * $22.33 = $78,596.69 (rounded to two decimal places)
Calculating the back-end load:
Back-end load = Investment amount * Loading rate
Back-end load = $45,000 * 4.5% = $2,025
Calculating the profit or loss:
Profit/Loss = Value at the time of sale - Investment amount - Back-end load
Profit/Loss = $78,596.69 - $45,000 - $2,025 = $31,571.69 (rounded to two decimal places)
Therefore, Melissa made a profit of $31,571.69 on her investment, considering the back-end load.
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How does finance and insurance affect in our global economy?
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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a $1,000 bond with a coupon rate of 4% has quarterly coupons and is redeemable after an unspecified number of years at $951. the bond is bought to yield 11% convertible semiannually. if the present value of the redemption amount is $353.20, find the purchase price using the makeham formula. then check your answer using another price formula. (round your answer to the nearest cent.)
The purchase price using the Makeham formula is $ 376. 3677 , when the present value of redemption amount is $ 353.20
How are bond coupons calculated?A bond's coupon rate can be calculated by dividing the security's total annual coupon payments by the bond's par value. For example, a bond with a face value of $1,000 that pays a coupon of $25 semi-annually has a coupon rate of 5%.
Evaluating the purchase price :Purchase Price = (g / j) x (C-K)+ k
F = $1,000
r = 4% / 4 = 1%
C = $951
j = (11%/2+1)^(1/2)-1 = 0.027132
K = $353.20
g = ((Fr)/ C)
= (1000 × 1%)/951
= 0.0105152.
Makeham formula :The Makeham formula is a mathematical formula that expresses the present value of cash flows in terms of repayments rather than the payments themselves. This formula is largely ignored in the financial literature, but as this paper shows, it has many useful applications in fixed income analysis.
Makeham's formula:Purchase Price = (g / j )( C - K ) + K
Purchase Price =(0.010515/0.027132) × (951-353.20)+353.20
Purchase Price = $ 376. 3677.
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How does a low credit score affect a person who applies for a loan?
A. It makes banks more likely to give the person a large, long-term
loan.
B. It causes banks to charge the person higher interest rates on the
loan.
OC. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
D. It allows banks to give the person a loan without checking his or
her tax records,
A person who requests for a loan and has a low credit score will be subjected to higher interest rates from banks. As a result, choice (B) is accurate.
Between 300 and 550 is regarded as a low credit score. You must make significant efforts to raise your credit score if it is in this area. You will not be qualified to apply for a loan or a credit card if you have a low credit score.
Whether it's a car loan, mortgage, or credit card account, borrowing can be more difficult if you have a poor score interest rates. And even if you are approved, your high risk of default means that you will probably have to pay higher interest rates.
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In a(n) ________, managers and employees from across the firm work to understand the firm's strengths and weaknesses.
Answer:
HR scorecards
which is the best definition of the purpose of a business?
Answer:
The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents.
It could also mean that people who create businesses want to sell their products to make money.
Imagine that in 2019 the economy is in long run equilibrium. Then, stock prices rise more than expected and stay high for some time. Refer to scenario 33-2. In the long run, what happens to the expected price level and what impact does this have on wage bargaining?
graph: y= price level. 2 lines going up parallel to each other SRAS1 and SRAS2
x= Quantity Output. 2 lines going down parallel AD1 and AD2......
There is a line that goes in center from x (straight up) LRAS
SRAS1 and SRAS2 intersect with AD1 and AD2 at points A,B,C,D LRAS intersects at its A and C
In the long run, The expected price level rises. New wage contracts are negotiated at higher wages.
What are wages?Wages are payments made typically in cash in exchange for labor or services, typically on an hourly, daily, or piecework basis and in accordance with a contract.
The compensation or reward for labor is called a wage. Real wages and nominal wages are the two primary categories of earnings. Money earnings are referred to as "nominal wages." However, "real wages" refers to the goods and services that may be obtained with money earnings.
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Table 1 shows the financial position of Bank Uno once $ 3375.00 has been deposited. Assume that the required reserve ratio is 5.00 %, that banks do not keep excess reserves, and that all the money loaned out from Bank Uno is deposited into Bank Duo (whose loans go to other banks not shown here). Once the lending and depositing process is complete, what will the accounts look like in Tables 2 and 3? Specify all answers to two decimal places. Table 1. Bank Uno's Initial T-Account Assets Liabilities Reserves: $3375.00 Deposits: $3375.00 Table 2. Bank Uno's T-Account After Loans Assets Liabilities Reserves: ? Deposits: ? Loans: ? Table 3. Bank Duo's T-Account After Deposits and Loans Assets Liabilities Reserves: ? Deposits: ? Loans: ? What are Bank Uno's deposits in Table 2? $ What are Bank Uno's reserves in Table 2? $ What are Bank Duo's loans in Table 3? $ What are Bank Uno's loans in Table 2? $
Answer:
(a) Bank Uno's deposits in Table 2 = $3,375.00
(b) Bank Uno's reserves in Table 2 = $168.75
(c) Bank Duo's loans in Table 3 = $3,045.94
(d) Bank Uno's loans in Table 2 = $3,206.25
Explanation:
Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.
The explanation to the answers is now given as follows:
Also note: See the attached Microsoft Word file for how the accounts will look like in Tables 2 and 3 once the lending and depositing process is complete.
Required reserve ratio refers to the percentage of reserves that the central bank of a country requires banks in the country to keep on hand in case depositors want to withdraw their funds.
The loan given out by a bank is therefore obtained by deducting the required reserve from the total reserve.
Based on the explanation above, we have:
For Table 2, we have:
Deposits in Table 2 = Deposits in Table 1 = $3,375.00
Reserve in Table 2 = Deposits in Table 1 * Required reserve ratio = $3,375.00 * 5% = $168.75
Loans in Table 2 = Deposits in Table 1 - Reserve in Table 2 = $3,375.00 - $168.75 = $3,206.25
For Table 3, we have:
Deposits in Table 3 = Loans in Table 2 = $3,206.25
Reserve in Table 3 = Deposits in Table 3 * Required reserve ratio = $3,206.25 * 5% = $160.31
Loans in Table 3 = Deposits in Table 3 - Reserve in Table 3 = $3,206.25 - $160.31 = $3,045.94
Based on the above calculations, we can now answer the following:
(a) What are Bank Uno's deposits in Table 2? $
Bank Uno's deposits in Table 2 = $3,375.00
(b) What are Bank Uno's reserves in Table 2? $
Bank Uno's reserves in Table 2 = $168.75
(c) What are Bank Duo's loans in Table 3? $
Bank Duo's loans in Table 3 = $3,045.94
(d) What are Bank Uno's loans in Table 2? $
Bank Uno's loans in Table 2 = $3,206.25
A firm with a net income of $30,000 and weighted average actual shares outstanding of 15,000 for the year also had the following two securities outstanding the entire year: (1) 2,000 options to purchase one share of stock for $12 per share. The average share price during the year was $20, (2) cumulative convertible preferred stock with an annual dividend commitment of $4,500. Total common shares issued on conversion are 2,900. Compute diluted EPS for this firm.
Answer:
$1.68
Explanation:
Diluted EPS = Earnings Attributable to Potential Ordinary Shareholders ÷ Weighted Average Number Ordinary Shareholders plus Potential Voting Rights
where,
Earnings Attributable to Potential Ordinary Shareholders = $30,000
and
Weighted Average Number Ordinary Shareholders plus Potential Voting Rights
Weighted average actual shares outstanding = 15,000
Plus Potential voting rights of 2,000 options = 1
Plus Potential voting right of preferred stock = 2,900
Total = 17,901
therefore,
Diluted EPS = $30,000 ÷ 17,901
= $1.68
Define the term product mix and describe at least two strategies that companies may use to manage their product mix.
Describe the stages of the product life cycle.
Describe the purpose and common uses of a SWOT analysis.
Explain the goal of product planning and typical product planning activities. What impact do operation needs, such as size of staff, distribution, etc. have on making decisions about products and services?
Explain the four components of a product’s utility.
FIVE SHORTS ANSWERS PLEASE.
1) Product mix refers to the set of all products or product lines that a company offers for sale. This includes variations in product size, style, color, and other features. Companies may use various strategies to manage their product mix, including product line extension and product line contraction. Product line extension involves adding new variations or products to an existing product line, while product line contraction involves eliminating products or variations that are no longer profitable or aligned with company goals.
2) The goal of product planning is to ensure that a company's products meet customer needs and are profitable. Typical product planning activities include identifying customer needs and trends, researching and developing new products, determining pricing and promotional strategies, and evaluating product performance. Operation needs, such as the size of staff and distribution capabilities, can impact decisions about which products and services a company offers. For example, a company with limited distribution capabilities may choose to focus on a smaller product mix that can be efficiently distributed to customers. Similarly, a company with a small staff may choose to focus on a narrower product mix that can be effectively managed with limited resources.
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examples of tangible and intangible
Answer: Tangible: cash, inventory, vehicles, equipment, buildings and investments
Intangible: goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists
Hope this helps
Plz mark brainlest
Discuss social responsibility and ethics?
Answer:
Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.
Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.
Now that you’ve learned about the many different career roles in the lodging and restaurant industries, maybe you're imagining what a day might be like as a hotel’s front-desk clerk or head of the maintenance department. Or, maybe being an executive chef or restaurant manager is more interesting to you. Now is your chance to step into that role!
For this project, you will be pretending to work in one of the careers in the hospitality & tourism industry through performance art.
Instructions: Select one career from the lodging or restaurant industry you’ve learned about. Plan to act out what working in that career looks like. Feel free to be creative! Then choose from one of the following for your presentation format
CAN YOU TEyP IT PLS
Script and tyep action skit depicting a day in the life of your chosen career. Your assiment must meet the following criteria:
· clearly state what career is being portrayed
· portray at least three specific tasks related to the chosen care
Assuming you choose to work as a hotel manager, you can conduct research to understand more about the role's responsibilities.
What is a career in the hospitality industry like?Companies destined to tourist accommodation, such as hotels and inns, must have some central characteristics, such as offering amenities that satisfy the tourist's needs, such as comfort, structure and tourist information.
To be a hotel manager, you will need to coordinate a team always valuing efficiency and quality in customer service, compliance with schedules and work organization, with communication being an essential characteristic for dealing with people of different nationalities that hotels can receive.
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Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $8,000 installment loan to be repaid in 60 monthly installments of $178.00?
Answer:
The result is approximately $1,680. So the total interest paid on the $8,000 installment loan, repaid over 60 monthly installments of $178.00, would be $1,680.
Explanation:
how much is 123*9 help please !!!
123*9 is equal to 1107 is right answer
Answer: 1107
Explanation:
a plan that will enable an organization to make the best use of its resources to meet its objectives is called a
Answer:Marketing strategy
Explanation:
A marketing strategy refers to a business's entire game plan containing its value proposition that enables it meet its objectives by optimizing its resources which include strategizing for the best of its products, its price,distribution and promotion in a sustainable competitive advantage all geared at gaining prospective consumers and maintaining them as constant customers of its goods or services.
A shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. On plotting these points he assumes that a quadratic function may fit to the data. Determine (i) the quadratic function that fits to the data (ii) Using the model, find the earning for the fourth week
I The quadratic function that fits to the data is: y = 20x² - 40x + 160
ii The shopkeeper is expected to earn Rs. 720 in the fourth week.
How to calculate the valuei We are given that the shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. So, we have the following three equations:
280 = a(1)² + b(1) + c
560 = a(2)² + b(2) + c
760 = a(3)² + b(3) + c
Solving these equations, we get the following values for a, b and c:
a = 20
b = -40
c = 160
Therefore, the quadratic function that fits to the data is: y = 20x² - 40x + 160
(ii) Using the model, find the earning for the fourth week
The fourth week is represented by x=4. So, the earning for the fourth week is given by:
y = 20(4)² - 40(4) + 160 = Rs. 720
Therefore, the shopkeeper is expected to earn Rs. 720 in the fourth week.
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why would you put money into a savings account everfi
Answer:
I would put money in a savings account so When i become the age i can buy myself a nice car and a nice apartment
One of the most straightforward ways to generate interest on your money is through savings accounts.
What is a savings account?Money that you just don't intend to spend straight away should be kept in savings accounts. They may be used to save for goals that are both short and long-term, and the majority of savings accounts offer back on donations to help you increase the amount that you save.
They nevertheless make it simple to spend and draw money while providing a greater rate of interest than a standard checking account.
These accounts might serve as secure storage facilities for money that you don't plan to use soon enough. These savings accounts are helpful for long-term goals like saving money for a deposit on a house as well as short-term necessities like emergency funds.
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Which of the following financial institutions is a not-for-profit organization?
Commercial Bank
Commercial Bank
Credit Union
Credit Union
Savings and Loan
Savings and Loan
All of the these are correct since financial institutions do not make profits
Answer:
Credit Union
Explanation:
A not for profit organization means the organization whose main goal is not to make the profit. Here the main goal is to provide the services for a particular services or to give the benefit to the people.
Like the financial services give to the members of the credit union
Therefore as per the given options, the second option is correct
Credit Union is a financial institution that is not for profit organization.
Credit union functions to serve the members by offering the products at affordable rates and fees. The credit union changes the interest fees into products it offers in this way the credit union is not for profit organization. Other financial institutions like commercial bank, savings and loan, banks give these profits to its shareholders.Learn more about bank:
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You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystopia) a year. You are now faced with the decision of whether to work a second job at the local university teaching a real-estate investing class, where the pay is 45,000 marks a year. Social insurance tax and income tax rates are listed below.
Social insurance taxes: 7.65% on your first 110,100 marks of total income
Income taxes:
Taxable income (in marks) Tax rate
0–8,700 10%
8,700–35,350 15%
35,350–85,650 25%
85,650–178,650 28%
a.) Using the information above, what would be the total amount you pay in social insurance taxes on your second job? Give your answer to two decimals.
b.) What is your income tax bill for the second job? Give your answer to two decimals.
c.) What is your total tax bill for the new job? Give your answer to two decimals.
Answer:
2,914.65
2nd question : 12,190.50
Explanation:
income to be taxed is equal to (110,100 - 72,000) = 38,100 conchs. The tax itself is 7.65% × 38,100 = 2,914.65
2nd explaination: 25% × (85,650 - 72,000) = 25% × 13,650 = 3,412.50 conchs
28% × (45,000 - 13,650) = 28% × 31,350 = 8,778
Total income tax = 3,412.50 + 8,778 = 12,190.50 .
"Income to be taxed is equal to = 2,914.65 and The Total income tax is = 12,190.50. Find more information check below".
Calculation of Income TaxPart-1: income to be taxed is equal to (110,100 - 72,000) = 38,100 conchs.
Therefore, The tax itself is 7.65% × 38,100 is = 2,914.65
Part-2: 25% × (85,650 - 72,000) = 25% × 13,650 = 3,412.50 conchs
Then, 28% × (45,000 - 13,650) = 28% × 31,350 = 8,778
Therefore, The Total income tax is = 3,412.50 + 8,778 = 12,190.50.
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How do people who volunteering/organizing at a fundraiser use donated items
People who volunteer or organize fundraisers typically use donated items in several ways to maximize their impact providing both financial and experiential value, while fostering community involvement and support for the cause.
Firstly, they assess the donated items to determine their suitability for the event's goals. If the items align with the fundraiser's purpose, they may include them in auctions, raffles, or silent auctions to generate funds. High-value items or unique experiences are often reserved for live auctions to attract higher bids.
In addition to generating revenue, donated items can serve as incentives to encourage donations. Volunteers may offer them as rewards for specific donation thresholds or use them as prizes for fundraising challenges. By leveraging the donated items in this way, organizers motivate participants to contribute more generously.
Moreover, donated items can be used to enhance the overall atmosphere of the fundraiser. They may be displayed to create visually appealing setups, reinforcing the cause and encouraging attendees to engage with the event. For example, art pieces or crafts can be showcased, generating interest and potentially leading to additional donations.
Overall, donated items play a crucial role in fundraising events, providing both financial and experiential value, while fostering community involvement and support for the cause.
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Based on what Ursula’s seeing on her screen, Bonnie sees some potential red flags. What should Bonnie warn Ursula about?
Because Ursula doesn't understand how checking accounts and checks cashing at Walmart operate, she believes that the only reason she should be paying overdraft penalties is that she consistently spends more money than she has in her account.
What is a checking account?A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.
A checking account is designed for usage with everyday cash requirements. It serves as a person's main source of funding and allows for the withdrawal of cash for use in paying bills or making purchases.
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Carlita studied mechanics in school and has a background in sales. What company in the Transportation and Logistics cluster might be interested in hiring Carlita?
a large port looking for a logistical engineer
a company that makes and sells railway cars looking for a representative
a government agency in need of a safety inspector
a shipping company looking for a warehouse manager
Answer:
Warehouse manager
Explanation:
Answer:
A company that makes and sells railway cars looking for a representative
Explanation:
Carlita has a background for sales, and she also studies mechanics. The company makes and sells railway cars, just like Carlita.
Please help me with these accounting questions
1. How can a business entity have controlling interest of another business entity when it does not own over 50% of the parent company ordinary share capital?
2. Why are inventories excluded when calculating the Acid test ratio under “Liquidity ratios"?
3. Why are the intra-group profits eliminated during consolidation? Explain with an example
4. Provide one reason on why the amount paid for a business (during takeover) may differ from that of the balance sheet value of its net assets?
Answer:
In summary, types of business entity should be differentiated in Ownership; ... Credit transactions: the buyer does not have to pay for the item on receipt, but is allowed ... Dr.Cash 600 Cr.Irrecoverable debt expense 600 8.2 An allowance for ... the day is as follows: Assets Capital + Liabilities （Inventory $50）
Explanation:
Mr. and Ms. Kingsley owned acre as joint tenants in fee simple absolute. Ms Kingsley secretly conveyed her interest to herself in an instrument that added, "I hereby terminate the joint tenancy in Black-acre with Mr. Kingsley." Ms. Kingsley thereafter leased a portion of the property to Mr. Matthew, over the objections of Mr. Kingsley for Mr. Matthew to use for holding boxing matches. Their lease provided that Mr. Matthew would pay $1000.00 on the first day of each month during which he was permitted to use the property. Mr. Kingsley demanded from Ms. Kingsley one-half of the rents received from Mr. Matthew.
Required:
Describe the property relations between the parties and Mr. Kingsley's rights and remedies.
Answer:
Mr. and Ms. Kingsley as Joint Tenants
1. Property Relations between Mr. and Ms. Kingsley: The titles show that the Kingsleys are living together but not married partners. However, the Black-acre is jointly owned by these partners. Each has equal rights and obligations over the acre. Ms. Kingsley does not have absolute right to sell or lease any part of the acre without the consent of Mr. Kingsley or without obtaining a court permit to sell or lease, especially upon Mr. Kingsley's objections. She also lacks the legal right to secretly "terminate the joint tenancy in Black-acre" without the knowledge of Mr. Kingsley or without going through the applicable court process.
2. Mr. Kingsley's Rights and Remedies: Having leased a portion of the acre to Mr. Matthew, Mr. Kingsley is entitled to half of the monthly lease payments. He also has the right to demand from Ms. Kingsley one-half of the rents from the lease. He can, in the absence of Ms. Kingsley's refusal, initiate a court process to enforce his joint-tenancy rights.
Explanation:
Joint-tenancy can exist between Mr. Kingsley and Ms. Kingsley, whether they are legally married or not. Joint-tenancy can also exist between two or more parties without the intention of marriage. The term is a legal term that describes an equally shared ownership interest in a property. Joint-tenancy deeds are established in order to avoid the need for a probate in the case of a party's death.
At peak times, your restaurant serves 50 meals per hour that require a grill. Two meals can be on the grill at once and the average meal requires 6 minutes on the grill. How many grills do you need? ANSWER 3
Answer:3 grills
Explanation: Each grill can cook 20 meals in an hour so 3 grills is needed, the restaurant could cook 60 meals in one hour
The amount you pay for an insurance policy; can be paid monthly, quarterly, semi-annually, or annually.
Answer:
Premium
Explanation:
premium is the term used to describe payment made for insurance coverage. Premiums are paid by the policyholder to the insurance company. It is the insurance company that determines how much premiums the insured will be paying. Premiums are paid every end month, bi-weekly, monthly, or yearly as stated in the policy document. In other words, premium is the cost of insurance.
Which action would a government most likely take to reduce its
unemployment rate?
A. Increase spending to create government jobs
B. Cut off loans to businesses in order to reduce the money supply
C. Increase taxes on businesses that operate outside the country
D. Cut taxes on businesses that operate with very few workers
Option (a), The action that a government would most likely take to lower its unemployment rate is to increase expenditure to generate government jobs.
What would happen to the unemployment rate if government spending increased?Fiscal policy may lower unemployment by accelerating economic growth and total demand. The government will need to implement a broad budgetary policy, which calls for decreasing taxes and increasing general government spending.
Which government initiative has the most chance of reducing cyclical unemployment?To lower cyclical unemployment, policymakers should focus on raising output, which is best achieved by increasing demand. A fiscal strategy that is more expansive aims to increase government spending and decrease taxes in order to increase aggregate demand and economic growth.
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Provide an analysis regarding financial accounting issues about the property, plant and equipment section. ABC follows IFRS.
ABC invested excess cash in raw land in 2014. ABC constructed its manufacturing plant, administrative office, research center on a part of this land. The rest of the land will be sold once market value increases further. The general policy is that property taxes and interest related to vacant land are capitalized as part of the cost of the land. During fiscal 2015, $245,000 was capitalized to land. Amortization for building and equipment uses rates and methods of amortization consistent with those permitted by taxing authorities.
There are several financial accounting issues related to property, plant, and equipment (PP&E) section of ABC, which follows the International Financial Reporting Standards (IFRS).
What is accounting?Accounting is systematic process of recording, classifying, summarizing, and interpreting the financial transactions to provide relevant information for decision making. It involves collecting financial data from various sources such as bank statements, invoices, receipts, and payroll records, and organizing them into meaningful reports such as balance sheets, income statements, and cash flow statements. Accounting enables businesses to track their financial performance, identify trends, and make informed decisions about budgeting, investments, and operations. Additionally, accounting provides important information to stakeholders such as investors, creditors, and regulatory agencies. Accurate and transparent accounting is essential for the success and stability of any organization, as it enables businesses to manage their resources effectively and make informed decisions for future growth.
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Damon is using his weekly allowance to spend on video games and movies. This week, on top of his allowance, he gets a bonus from his mother
for taking out the trash. In response, he spends more on video games and movies. In this example, we can conclude that movies are what type
of good?
Substitute
Normal
Complement
Inferior
Submit
In this example, we can conclude that movies are Substitute goods. If weekly allowance will increase than only demon spend more on video games.
What is Substitute goods?
A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory. A product that can be used in lieu of another is known as a substitute.
Production substitutes are items that need producing less of one in order to produce more of the other. Think about good A and good B, who can replace A in a production. The supply curve for good A must move to the left if the price of good B increases.
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