The Diamond and Dybvig model, proposed in 1983 by Douglas Diamond and Philip Dybvig, is an economic model that explains the possibility of bank runs in a fractional reserve banking system.
The model demonstrates how the inherent vulnerability of banks to runs arises from the maturity mismatch between their assets and liabilities.
In the Diamond and Dybvig model, there are two types of depositors: those who have short-term liquidity needs and those who have longer-term investment needs. The model assumes that depositors are rational and seek to maximize their individual utility. Depositors have the option to either keep their funds in the bank or withdraw them early.
Know more about Diamond and Dybvig model here:
https://brainly.com/question/17142872
#SPJ11
1.-. Define the term revenue and distinguish between revenue and
other financing sources.
2.-. Explain the difference between an expenditure and an
expense.
Revenue refers to the income generated by a company or organization from its primary activities, such as the sale of goods or services. It represents the inflow of economic benefits to the entity during a specific period.
Distinguishing between Revenue and Other Financing Sources:
Nature of Inflow:
Revenue: Revenue represents income generated from the core operations of a business. It is derived from the sale of goods or services to customers.
Other Financing Sources: Other financing sources refer to funds received by an entity that are not directly related to its core operations. These sources include activities such as borrowing money, issuing stocks or bonds, or receiving grants or donations.
Purpose:
Revenue: Revenue is earned by a company through its regular business activities. It is essential for the sustainability and profitability of the organization. Revenue is reported on the income statement and is used to cover operating expenses, invest in growth, and generate profits.
Other Financing Sources: Other financing sources provide funds to support the financial needs of the entity. They are typically used for specific purposes such as financing capital projects, paying off debts, or raising additional capital. These sources may appear on the balance sheet or cash flow statement as inflows of funds.
Timing of Recognition:
Revenue: Revenue is recognized when it is earned, which generally occurs when the goods or services are delivered to customers, and the payment is reasonably assured. It follows the revenue recognition principle, which aligns revenue with the actual performance of the company's obligations.
Other Financing Sources: Other financing sources are recognized when the funds are received or become available to the entity. The timing of recognition depends on the specific terms and conditions of the financing arrangement, such as the issuance of stocks, receipt of a loan, or approval of a grant.
Know more about Revenue here:
https://brainly.com/question/32455692
#SPJ11
Phillippe is an inside salesperson who earns a base annual salary of $24,000 plus a 5% commission on total sales that he makes during the pay period. During a semimonthly period, he made $27,500 in sales. What is Phillippe's gross pay for the period? (Do not round interim calculations. Round final answer to 2 decimal places.)
A) $2,298.07
B) $2,390.38
C) $2,375.00
D) $2,422.50
Phillippe's gross pay for the period is D. $2,422.50.
The inside salesperson, Philippe earned a base annual salary of $24,000 and 5% commission on the total sales that he made during the pay period. In a semimonthly period, he earned $27,500 in sales.
The first process is to find the commission earned by Philippe. 5% commission on $27,500 is:5/100 × $27,500= $1,375
Therefore, Philippe earned a commission of $1,375.
Then, calculate the gross pay for the period.
The gross pay is the total pay including the base salary and the commission earned.
Gross pay = base salary + commission earned= $24,000 + $1,375= $25,375
Therefore, Philippe's gross pay for the period is $25,375. So, Answer: D) $2,422.50
Learn more about commission on sales here: https://brainly.com/question/24951536
#SPJ11
At 31 March 2022, the financial year-end of Pinetown Traders, it
was decided to write off the account of a debtor as irrecoverable,
since it was expected that the debtor will not pay the amount. The
b
The total amount with which the credit losses account will be adjusted in the accounting records of Pinetown Traders, after taking the above information into account, is R6,960.
To calculate the adjustment, we need to determine the increase in the allowance for credit losses account from the previous year to the current year. The allowance for credit losses account increased by R5,960 (R28,430 - R22,470). However, since the specific debtor's account of R1,726 is being written off as irrecoverable, this amount needs to be deducted from the increase in the allowance for credit losses. Therefore, the adjustment to the credit losses account will be R5,960 - R1,726 = R4,234.
Hence, the credit losses account will be adjusted by R4,234 to reflect the write-off of the irrecoverable debt and the increase in the allowance for credit losses, resulting in a total adjustment of R6,960 (R1,726 + R4,234) in the accounting records of Pinetown Traders.
Learn more about credit here
https://brainly.com/question/13964348
#SPJ11
At 31 March 2022, The Financial Year-End Of Pinetown Traders, It Was Decided To Write Off The Account Of A Debtor As Irrecoverable, Since It Was Expected That The Debtor Will Not Pay The Amount. The Balance Of The Account Of The Debtor That Must Be Written Off As Irrecoverable Was R1 726. Pinetown Traders Determined That The Allowance For Credit Losses
At 31 March 2022, the financial year-end of Pinetown Traders, it was decided to write off the account of a debtor as irrecoverable, since it was expected that the debtor will not pay the amount. The balance of the account of the debtor that must be written off as irrecoverable was R1 726. Pinetown Traders determined that the allowance for credit losses account should amount to R28 430 at 31 March 2022. The allowance for credit losses account amounted to R22 470 at 31 March 2021.
What is the total amount with which the credit losses account will be adjusted in the accounting records of Pinetown Traders, after taking the above information into account?
1) Suppose there is a 20% tax on the first $15,000 of taxable income, a 40% tax on taxable income above $15,000 until $30,000, and a 50% tax on all taxable income above $30,000. There is a $3,000 exemption per person. What is the marginal tax rate for a single mother making $35,000 who has one child?
a. 50%
b. 20%
c. 40%
d. 31.7%
e. None of the other answers is correct.
Answer:To calculate the marginal tax rate for a single mother making $35,000 with one child, we need to determine the tax liability at that income level and compare it to the tax liability at a slightly higher income level.
Explanation:
Given the tax structure provided:
The first $15,000 of taxable income is taxed at a rate of 20%.
Taxable income between $15,000 and $30,000 is taxed at a rate of 40%.
Taxable income above $30,000 is taxed at a rate of 50%.
There is a $3,000 exemption per person.
Let's calculate the tax liability for a single mother making $35,000 with one child:
Calculate the taxable income:
Income: $35,000
Exemption: $3,000 (for the mother and child)
Taxable Income: $35,000 - $3,000 - $3,000 = $29,000
Calculate the tax liability:
Tax on the first $15,000: $15,000 * 20% = $3,000
Tax on the remaining $14,000 ($29,000 - $15,000):
$14,000 * 40% = $5,600
Total tax liability: $3,000 + $5,600 = $8,600
Now, let's calculate the tax liability at a slightly higher income level of $35,001:
Calculate the taxable income:
Income: $35,001
Exemption: $3,000 (for the mother and child)
Taxable Income: $35,001 - $3,000 - $3,000 = $29,001
Calculate the tax liability:
Tax on the first $15,000: $15,000 * 20% = $3,000
Tax on the remaining $14,001 ($29,001 - $15,000):
$14,001 * 40% = $5,600.4
Total tax liability: $3,000 + $5,600.4 = $8,600.4
The marginal tax rate is the change in tax liability divided by the change in income:
Marginal Tax Rate = ($8,600.4 - $8,600) / ($35,001 - $35,000) = $0.4 / $1 = 0.4 or 40%
Therefore, the marginal tax rate for a single mother making $35,000 with one child is 40%.
The correct answer is (c) 40%.
Learn more about marginal tax rate here:
brainly.com/question/28454959
#SPJ11
what are the key functions of customer relationship management (crm) systems? more than one answer may be correct.
Customer relationship management (CRM) systems have several key functions. Some of the key functions of customer relationship management (CRM) systems are mentioned below:
Sales management: Sales management, lead management, sales forecasting, and sales analytics are some of the key features of a CRM system that help manage the sales process.
Marketing: CRM systems can assist in marketing efforts such as email campaigns, lead generation, and targeted marketing campaigns.
Analytics: Analytics are also important features of CRM systems. Dashboards and reports provide an overview of customer engagement, sales progress, and marketing performance.
They assist in the identification of trends and patterns in customer behavior.
Customer service and support: A CRM system aids in the handling of customer queries and grievances. It assists in the quick resolution of customer concerns, which leads to increased customer satisfaction.
Inventory and shipping: A CRM system can assist in keeping track of inventory and product shipping. It can also assist in monitoring suppliers and vendors.
Reporting: Reporting is another function of CRM systems.
It provides detailed insights into customer data and interactions. It can also assist in identifying the most profitable customers and targeting them with personalized deals and discounts.
To know more about Customer relationship management, visit:
https://brainly.com/question/31083989
#SPJ11
what is the primary accounting and reporting issue arising from accounting changes
Accounting changes may arise as a result of changes in laws, accounting standards, or company policy. Accounting changes can have an impact on the financial statements of a company, including its income statement, balance sheet, and statement of cash flows. The primary accounting and reporting issue that arises from accounting changes is ensuring that the financial statements reflect the true financial position of the company.
Accounting changes may require companies to restate their financial statements for prior periods, which can affect comparability with previous financial statements.
Companies must disclose the reasons for any accounting changes, as well as the effect of the changes on the financial statements. This is important because investors and other stakeholders rely on the financial statements to make decisions about the company, and any changes can affect their perceptions of the company's financial position and performance.
Accounting changes also have tax implications, and companies must ensure that they comply with tax laws and regulations when accounting for these changes.
Failure to do so can result in penalties and legal consequences. In conclusion, accounting changes can have a significant impact on a company's financial statements, and it is essential to ensure that the financial statements accurately reflect the company's financial position and performance.
Companies must also comply with tax laws and regulations when accounting for these changes to avoid any legal or financial consequences.
To know more about Accounting changes visit:
https://brainly.com/question/32318194
#SPJ11
Suppose the market demand for pizza is given by Qd = 300 – 20P and the market supply for pizza is given by Qs = 20P – 100, where P = price per pizza.
3.1) Graph the supply and demand schedules using RM5 through RM15 as the value of P. (2M)
3.2) In equilibrium, how many pizzas would be sold and what price? (1M)
3.3) What would happen if suppliers set the price of Pizza at RM15? Explain the market adjustment process. (2M)
In equilibrium, 100 pizzas would be sold. This adjustment process would continue until the price reaches a level where the quantity demanded equals the quantity supplied, establishing a new equilibrium point.
3.1) Graphing the Supply and Demand Schedules:
To graph the supply and demand schedules, we will use the given equations:
Market demand: Qd = 300 - 20P
Market supply: Qs = 20P - 100
We will use the price values of RM5, RM10, and RM15.
For RM5:
Qd = 300 - 20(5) = 200
Qs = 20(5) - 100 = 0
For RM10:
Qd = 300 - 20(10) = 100
Qs = 20(10) - 100 = 100
For RM15:
Qd = 300 - 20(15) = 0
Qs = 20(15) - 100 = 200
Plotting the points on a graph with quantity (Q) on the vertical axis and price (P) on the horizontal axis:
Demand curve (D): Start at (200, RM5) and connect to (100, RM10), then extend the line.
Supply curve (S): Start at (0, RM5) and connect to (100, RM10), then extend the line.
The intersection of the supply and demand curves represents the equilibrium point.
3.2) Equilibrium Price and Quantity:
In equilibrium, the quantity demanded (Qd) is equal to the quantity supplied (Qs). To find the equilibrium price and quantity, we set the demand and supply equations equal to each other:
300 - 20P = 20P - 100
Combining like terms:
300 + 100 = 20P + 20P
400 = 40P
P = 10
So, the equilibrium price is RM10.
To find the equilibrium quantity, we substitute the equilibrium price back into either the demand or supply equation:
Qd = 300 - 20P
Qd = 300 - 20(10)
Qd = 300 - 200
Qd = 100
Therefore, in equilibrium, 100 pizzas would be sold.
3.3) Impact of Setting the Price at RM15:
If suppliers set the price of pizza at RM15, it is higher than the equilibrium price of RM10. This means that suppliers are charging more than what the market is willing to pay, resulting in a surplus.
At a price of RM15:
Qd = 300 - 20(15) = 0
Qs = 20(15) - 100 = 200
There is no quantity demanded (Qd = 0) at this price, while the quantity supplied (Qs = 200) is higher than the equilibrium quantity of 100 pizzas.
To adjust to this situation, suppliers would have excess supply, and there would be unsold pizzas. In response, suppliers would likely reduce the price to attract more buyers. As the price decreases, the quantity demanded would increase, and the quantity supplied would decrease until the market reaches a new equilibrium.
This adjustment process would continue until the price reaches a level where the quantity demanded equals the quantity supplied, establishing a new equilibrium point.
Learn more about equilibrium here:-
https://brainly.com/question/517289
#SPJ4
Concord, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Concord engages in a high level of quality control. Concord assigns its quality-control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June for its low-calorie breakfast line is $70,000. In response to repeated requests from its financial vice president, Concord's management agrees to adopt activity-based costing. Data relating to the low-calorie breakfast line for the month of June are as follows. Overhead Rate Number of Cost Drivers Used per Activity Activity Cost Pools Cost Drivers Inspections of material received Number of pounds $0.90 per pound 6,200 pounds In-process inspections Number of servings $0.33 per serving 10,200 servings FDA certification Customer orders $12.00 per order 410 orders (a) Compute the quality-control overhead cost to be assigned to the low-calorie breakfast product line for the month of June (1) using the traditional product costing system (direct labor cost is the cost driver), and (2) using activity-based costing. Traditional product costing Activity-based costing Quality-control overhead cost to be assigned $
The quality-control overhead cost to be assigned to the low-calorie breakfast product line for the month of June using activity-based costing (ABC) is $13,866 and using the traditional product costing is $11,900.
Activity-based costing: Activity-based costing is a cost accounting method in which a business's overhead costs are allocated or assigned to the goods and services produced or provided based on the activities used to produce them. ABC is a relatively new technique that seeks to reduce the distortions in traditional costing methods that are due to the use of allocation bases that bear little or no relationship to the incurrence of overhead costs.
ABC results in more accurate product costing in a firm’s business operation. Here, a company assigns the cost of each activity individually to each product or service based on the number of resources used in each of them.
Solution: Given that,Direct labor cost for the month of June for its low-calorie breakfast line is $70,000.
Overhead rate for quality-control overhead costs is 17% of direct labor costs.The number of pounds for inspections of material received = 6,200 poundsThe number of servings for in-process inspections = 10,200 servings.
The number of customer orders for FDA certification = 410 orders. Activity-based costing (ABC)Traditional product costingLow-calorie breakfast line costs:
Inspections of material received Number of pounds × Cost per pound6,200 pounds × $0.90 per pound = $5,580
Number of servings for in-process inspections Number of servings × Cost per serving10,200 servings × $0.33 per serving = $3,366FDA certificationCost per order × Number of orders$12.00 per order × 410 orders = $4,920Quality-control overhead cost to be assigned using ABC:
$5,580 + $3,366 + $4,920 = $13,866Quality-control overhead cost to be assigned using traditional product costing: Direct labor cost × Overhead rate$70,000 × 17% = $11,900
Therefore, the quality-control overhead cost to be assigned to the low-calorie breakfast product line for the month of June using activity-based costing (ABC) is $13,866 and using the traditional product costing is $11,900.
To know more about quality-control click here:
https://brainly.com/question/32519971
#SPJ11
Write an Abstract (including a title and 3-5 key words) related to human resource management of employee competency, alternatively invent some research. Choose one of the two possible structures below.
STRUCTURE 1
1. Give a basic introduction to your research area, which can be understood by researchers in any discipline. (1–2 sentences).
2. Provide more detailed background for researchers in your field. (1–2 sentences).
3. Clearly state your main result. (1 sentence).
4. Explain what your main result reveals and / or adds when compared to the current literature. (2–
3 sentences).
5. Put your results into a more general context and explain the implications. (1–2 sentences).
Assessing Employee Competency in Human Resource Management: A Comprehensive Approach
1. Introduction: This research focuses on the area of human resource management, specifically examining the evaluation of employee competency. It provides insights applicable to researchers from diverse disciplines.
2. Background: Within the field of human resource management, the assessment of employee competency plays a crucial role in talent management, performance evaluation, and organizational success.
3. Main Result: The study presents a comprehensive approach to assess employee competency, integrating various dimensions such as knowledge, skills, abilities, and behaviors, to provide a holistic view of individual performance.
4. Significance: The main result highlights the novel contribution of this research by offering a more comprehensive and multidimensional perspective on assessing employee competency, bridging existing gaps in the literature. It enhances the understanding of how employee competencies align with organizational goals and fosters effective talent development strategies.
5. Implications: This research has significant implications for organizations, enabling them to optimize human resource management practices by accurately identifying competency gaps, designing targeted training programs, and enhancing overall workforce productivity and performance.
In summary, this study advances the field of human resource management by providing a comprehensive approach to assess employee competency, offering valuable insights for organizations to enhance talent management practices and achieve strategic objectives.
To know more about Management visit-
brainly.com/question/28444311
#SPJ11
Q1: Suppose you have a data warehouse of 4 dimensions: customers, location (county), product category (home appliances, furniture, textile), time (month). The fact table is centered on the number of products sold. What type of OLAP operation is needed to find the following information (slice, dice, roll-up, drill down) 1) The number of products sold in the Middle East. 2) The number of products bought by customer (XYZ). 3) The number of air conditioners sold in Amman and Aqaba during Summer this year. Q2: Assume you are working as a business analyst at PSUT. Choose the suitable data mining tool (classification, clustering, regression, association, outlier analysis) to help making the following decisions To group the students according to their common characteristics into 3 groups and then arrange a suitable activity for each group To decide whether to participate in an international competition or not based on the experience of the last 10 years. To predict the number of students who are expected to register a specific course so that you can tell how many sections you should open. To detect the up normal behavior of students during the exams. Q3: Find four data quality issues in the given table that should be solved during the data preparation phase (3rd phase) CRISP DM. Mobile # Name DOB Income (JD) 1 0777555555 Mohammad Omar 12/9/1990 500 2 0791111111 Alia Khaled 2/7/1988 800 3 0786666666 Sara Hussam 19/7/1995 800 4 0793333333 Laith Diab 30/4/1985 600 5 0777555555 Moh'd Omar 9/12/1990 500 6 0789999999 Luay Waleed 6/2/1981 7 0776665555 Ahmad Saleem 15/8/1985 7800 8 0791111111 Alia Khaled 7/2/1988 800
Q1: Suppose you have a data warehouse of 4 dimensions: customers, location (county), product category (home appliances, furniture, textile), time (month). The fact table is centered on the number of products sold.
What type of OLAP operation is needed to find the following information (slice, dice, roll-up, drill down)1) The number of products sold in the Middle East. The Slice operation is needed to find the number of products sold in the Middle East.2) The number of products bought by customer (XYZ).The Dice operation is needed to find the number of products bought by customer (XYZ).3) The number of air conditioners sold in Amman and Aqaba during Summer this year. The Drill Down operation is needed to find the number of air conditioners sold in Amman and Aqaba during Summer this year.Q2: Assume you are working as a business analyst at PSUT. Choose the suitable data mining tool (classification, clustering, regression, association, outlier analysis) to help make the following decisions To group the students according to their common characteristics into 3 groups and then arrange a suitable activity for each group. The Clustering data mining tool will be used to group the students according to their common characteristics into 3 groups and then arrange a suitable activity for each group. To decide whether to participate in an international competition or not based on the experience of the last 10 years.
The Classification data mining tool will be used to decide whether to participate in an international competition or not based on the experience of the last 10 years. To predict the number of students who are expected to register for a specific course so that you can tell how many sections you should open. The Regression data mining tool will be used to predict the number of students who are expected to register for a specific course so that you can tell how many sections you should open. To detect the abnormal behavior of students during the exams. The Outlier Analysis data mining tool will be used to detect the abnormal behavior of students during the exams.Q3: Find four data quality issues in the given table that should be solved during the data preparation phase (3rd phase) CRISP DM. Mobile # Name DOB Income (JD)1 0777555555 Mohammad Omar 12/9/1990 5002 0791111111 Alia Khaled 2/7/1988 8003 0786666666 Sara Hussam 19/7/1995 8004 0793333333 Laith Diab 30/4/1985 6005 0777555555 Moh'd Omar 9/12/1990 5006 0789999999 Luay Waleed 6/2/19817 0776665555 Ahmad Saleem 15/8/1985 78008 0791111111 Alia Khaled 7/2/1988 800
Four data quality issues in the given table that should be solved during the data preparation phase (3rd phase) CRISP DM are: Misspelled or inconsistent data: Misspelled or inconsistent data in the Mobile # column should be solved during the data preparation phase. Duplicate data: Duplicate data in the Mobile # column should be solved during the data preparation phase. Incorrect data types: Incorrect data types in the DOB and Income (JD) columns should be solved during the data preparation phase. Incomplete or missing data: Incomplete or missing data in the DOB and Income (JD) columns should be solved during the data preparation phase.
To know more about data warehouse visit:
https://brainly.com/question/18567555
#SPJ11
In a test of hypothesis, the null hypothesis is that the population mean is equal to 45 and the alternative hypothesis is that the population mean is equal to 45. The test is to be made at the 5% significance level. A sample of 81 elements selected from this population produced a mean of 47.3 and a standard deviation of 4.5. (10 pts) Step 1: Define the null and alterative hypotheses Step 2 Calculate the test statistic Step 3: Set Rejection Region -draw bell curve to receive full credits Step 4: Conclude
The assumption that the population mean equals a particular value is known as the null hypothesis. Our assertion is supported by the alternative hypothesis. The alternative hypothesis states that the population mean is "greater than" or "less than" or "not equal to" the value we believe to be true in the null hypothesis.
H0, the null hypothesis No change or zero statement. The null hypothesis is true if the initial claim includes equality (=, =, or >=). The null hypothesis is the complement of the original claim if the original claim does not include equality (, not equal, >).
A formal method for determining whether a statistical relationship in a sample truly reflects the relationship in the population or is merely the result of chance is called null hypothesis testing.
To learn more about hypothesis, click here.
https://brainly.com/question/29576929
#SPJ4
If the own-price elasticity of demand is -0.7, then: A 1% increase in price leads to a 0.7% decrease in quantity demanded A 1% increase in price leads to a 7% increase in quantity demanded OA 1% incre
If the own-price elasticity of demand is -0.7, then a 1% increase in price will lead to a 0.7% decrease in quantity demanded.
The own-price elasticity of demand measures the responsiveness of quantity demanded to a change in price. In this case, the negative value of -0.7 indicates that the demand is relatively inelastic. This means that a 1% increase in price will result in a proportionately smaller decrease in quantity demanded, specifically 0.7%.
It is important to note that the own-price elasticity of demand is typically expressed in absolute value, so the magnitude of -0.7 is considered as 0.7. Therefore, a 1% increase in price will result in a 0.7% decrease in quantity demanded, indicating a relatively less elastic demand.
To know more about elasticity of demand visit:
https://brainly.com/question/30704413
#SPJ11
You will summarize a theory of alfred marshal briefly explain the
contribution to the study of economics he has made and the impact
to society or academic understanding.
You must cite your sources in
Alfred Marshall, a prominent economist, is known for his contribution to the study of economics through his theory of supply and demand. His theory emphasized the role of both supply and demand in determining equilibrium prices and quantities in markets. Marshall's work had a significant impact on academic understanding by providing a framework for analyzing market behavior and price determination. It also influenced policy-making and shaped economic thinking, contributing to the development of modern microeconomic theory.
Alfred Marshall's most notable contribution to the study of economics is his theory of supply and demand, which he presented in his influential book "Principles of Economics" published in 1890. Marshall's theory built upon the classical economic theories of Adam Smith and David Ricardo and added new insights.
Marshall's theory emphasized the interplay between supply and demand in determining prices and quantities in markets. He introduced the concept of price elasticity of demand, which measures the responsiveness of quantity demanded to changes in price. Marshall argued that market equilibrium occurs when supply and demand are in balance, leading to the determination of an equilibrium price and quantity.
Marshall's work had a profound impact on both academic understanding and real-world application. His theory provided a comprehensive framework for analyzing market behavior, price determination, and the allocation of resources. It contributed to the development of modern microeconomic theory and influenced subsequent economists, such as John Maynard Keynes.
In terms of societal impact, Marshall's work influenced policy-making and economic thinking. His emphasis on market equilibrium and the interplay between supply and demand guided policymakers in understanding the dynamics of markets and making informed decisions. Marshall's theory also helped economists and policymakers recognize the importance of market forces in allocating resources efficiently and promoting overall economic welfare.
Alfred Marshall's theory of supply and demand made a significant contribution to the study of economics. His emphasis on market equilibrium, price determination, and the interplay between supply and demand shaped academic understanding and influenced economic thinking. Marshall's work provided a framework for analyzing market behavior, allocating resources, and guiding policy-making. His contributions have had a lasting impact on the field of economics and continue to be studied and applied in modern economic theory and practice.
To know more about economist visit:
https://brainly.com/question/17996535
#SPJ11
Discuss at least one type of accounting change in principle,
estimates, and reporting entity
Discuss the requirements that need to be met in order to make
that change.
Accounting changes can occur in three main areas: accounting principles, estimates, and reporting entity.
A change in accounting principle refers to adopting a new accounting framework or method. A change in estimates involves revising the estimation of an accounting element. A change in reporting entity occurs when there is a change in the composition of the financial statements. Each type of change has specific requirements that need to be met to ensure proper accounting treatment and disclosure.
Change in Accounting Principle:
A change in accounting principle involves adopting a new accounting framework or method for recognizing, measuring, and presenting financial information. The requirements for making this change include:
Justification: The change should be justified by demonstrating that the new principle provides more relevant and reliable information.
Consistency: The new principle should be applied consistently to all similar transactions and events.
Retrospective Application: The financial statements should be adjusted retrospectively to reflect the change as if the new principle had always been applied, unless it is impracticable to do so.
Change in Estimates:
A change in estimates occurs when there is a revision to the estimation of an accounting element, such as useful life of an asset or provision for bad debts. The requirements for this change include:
Justification: The change should be supported by new information or circumstances that indicate a revision is necessary.
Prospective Application: The change is applied prospectively from the current period onwards and does not require adjustments to prior periods.
Disclosure: The nature and effect of the change should be disclosed in the financial statements to provide transparency to users.
Change in Reporting Entity:
A change in reporting entity happens when there is a change in the composition of the financial statements, such as a merger, acquisition, or spin-off. The requirements for this change include:
Rationale: The change should be driven by a significant event or transaction that alters the reporting entity.
Retrospective Application: The financial statements of prior periods should be adjusted to reflect the change as if the new reporting entity had always existed.
Comprehensive Disclosure: The financial statements and related notes should provide comprehensive information about the change, including the reasons, effects, and any revaluations or reclassifications.
These requirements ensure that accounting changes are properly accounted for, disclosed, and provide users of financial statements with relevant and reliable information.
To learn more about accounting click here:
brainly.com/question/13310721
#SPJ11
I need only the answers, no explanation please
Section A (40 marks) 1. Which is the correct match of an economic resource and payment for that resource? (a) land and wage (b) labour and interest income (c) capital and rental income (d) entrepreneu
The correct match of an economic resource and payment for that resource is option (c) capital and rental income.
Option (c) is the correct match as capital refers to assets such as machinery, buildings, and equipment that are used in the production of goods and services, and the payment for capital is in the form of rental income.
Land is often paid for in rent as well, but it is a natural resource and not a produced asset like capital.
Labour is paid in wages and salaries, while entrepreneurship is paid in profit. Therefore, the correct match is capital and rental income.
Learn more about capital and rental income here.
https://brainly.com/questions/28163520
#SPJ11
Consider a country populated by many identical infinitely lived households where utility at each instant depends on per capita consumption. It has a growing population and a production technology enabling it to produce output from capital and labour under constant returns to scale. Give a thorough explanation of how a social planner would allocate resources in such a country.
A social planner in a country with identical infinitely lived households, a growing population, and a production technology enabling constant returns to scale would allocate resources by considering the welfare of all individuals in the society. The planner would aim to maximize social welfare by balancing consumption, investment, and population growth while taking into account the preferences and needs of the households.
The social planner's objective is to maximize social welfare, which is typically measured by the sum of individual utilities in the society. Since utility depends on per capita consumption, the planner would allocate resources to ensure an equitable distribution of consumption among households. Given the production technology with constant returns to scale, the planner would allocate resources efficiently by determining the optimal combination of capital and labor inputs to maximize output. This would involve considering the trade-off between current consumption and investment in order to achieve sustained economic growth over time.
Furthermore, the growing population would require the social planner to take into account the implications of population growth on resource allocation. This may involve decisions regarding investment in human capital, infrastructure, and public services to support the expanding population. Overall, the social planner would need to consider various factors, such as consumption, investment, population growth, and distributional concerns, to allocate resources efficiently and maximize social welfare in a country with identical infinitely lived households and constant returns to scale production technology.
Learn more about population growth here: https://brainly.com/question/3449863
#SPJ11
Suppose John has $500 in traveler's checks. He cashes a $200 traveler check, and deposit $300 traveler check into his checking account at a commercial bank. The immediate effect is Group of answer choices
a) a $500 decrease in the M1 money supply, and the M2 money supply also decreases.
b) a $500 increase in the M1 money supply, but the M2 money supply decreases.
c) a $500 increase in the M1 money supply, and the M2 money supply also increases.
d) a $500 decrease in the M1 money supply, but the M2 money supply increases.
e) no change in M1 money supply, and no change in M2 money supply
The correct answer is e) no change in M1 money supply, and no change in M2 money supply. When John cashes a $200 traveler's check, the M1 money supply remains unchanged because traveler's checks are included in M1.
Although the physical form of the money changes, the overall amount of money in circulation remains the same. When John deposits a $300 traveler's check into his checking account, the M1 money supply also remains unchanged. This is because the deposit merely transfers the ownership of the funds from traveler's checks to a checking account, but it does not create or destroy money. As for the M2 money supply, which includes M1 plus certain types of savings accounts and time deposits, there is no change either. The actions of cashing a traveler's check and depositing a traveler's check into a checking account do not affect the components of M2.
Learn more about savings account here:
brainly.com/question/22029777
#SPJ11
Moving to another question will save this response Question 17 farmers decided to expand the i trees per day? Ne The Gaming process should be completed in 1 day OF OF OF 04 &Moving to another ques by getting more trees. How many extra farmers should the c agement recrult i Question 17 of $ 1.923 points number of trees is 60 trees knowing that the productivity n Save Answer Question 17 of 52 CeWdw for contros hange Re features ients of the Matrix
The number of farmers can be found by dividing the needed trees by the productivity of one farmer.60 trees ÷ 100 trees/farmer = 0.6 farmer.Hence, to produce 60 trees, 0.6 farmers are required.Therefore, the management should recruit 1 extra farmer as 0.6 farmers is not feasible so they have to recruit at least 1 farmer more so that the total number of farmers can be 5.
If 100 trees are produced by 4 farmers per day then how many extra farmers should the management recruit if the number of trees is increased to 60 trees?The total number of trees that can be produced by 4 farmers = 100 trees.The number of trees needed to produce is 60 trees.The number of farmers can be found by dividing the needed trees by the productivity of one farmer.60 trees ÷ 100 trees/farmer = 0.6 farmer.Hence, to produce 60 trees, 0.6 farmers are required.Therefore, the management should recruit 1 extra farmer as 0.6 farmers is not feasible so they have to recruit at least 1 farmer more so that the total number of farmers can be 5.
To know more about productivity visit:
https://brainly.com/question/30333196
#SPJ11
the money multiplier is question 7 options: 1/(1 – mps). interest payment divided by yield. yield divided by interest payment. 1 divided by the reserve requirement.
The money multiplier is the amount by which the money supply is increased for each dollar of increase in bank reserves. It's represented by the ratio of the money supply to the amount of reserves held by banks. This ratio is calculated using the following formula: Money multiplier = 1 / Reserve requirement. The money multiplier formula is 1 / Reserve requirement. For example, if the reserve requirement is 10%, then the money multiplier would be 10. By increasing or decreasing bank reserves, the central bank can affect the money supply and the level of economic activity.
A reserve requirement is the percentage of deposits that banks must hold as reserves. It is set by the central bank as a monetary policy tool to control the money supply. By changing the reserve requirement, the central bank can affect the amount of money that banks can lend out.
For example, if the reserve requirement is 10%, then banks must hold $0.10 in reserves for every $1.00 in deposits. This means that they can lend out $0.90 for every $1.00 in deposits. The money multiplier in this case would be 1 / 0.10 = 10.
To calculate the maximum increase in the money supply, we can use the following formula: Maximum increase in the money supply = Initial increase in reserves x Money multiplier.
For instance, if the initial increase in reserves is $1,000 and the money multiplier is 10, then the maximum increase in the money supply would be $10,000.
The money multiplier is an essential concept in the banking system, as it explains how banks can create money through lending. It is calculated by dividing the money supply by the amount of reserves held by banks. The reserve requirement is the percentage of deposits that banks must hold as reserves. By changing the reserve requirement, the central bank can influence the money supply and the money multiplier.
To know more about Reserve requirement visit:
https://brainly.com/question/30076175
#SPJ11
security deposits must be deposited in the escrow account maintained by a property manager how soon after a lease is signed and this must be recorded in the journal and ledger
a by end of business the same day as signing
b within 5 business says of signing
c by the next business day after signing
d immediately
Correct option is c. security deposits must be deposited into the escrow account by the next business day after the lease is signed, and this deposit should be recorded in the journal.
How are security deposits handled?In most cases, security deposits must be deposited into the escrow account maintained by a property manager by the next business day after the lease is signed. This timeframe allows for the necessary administrative tasks to be completed promptly while ensuring compliance with legal requirements.
Depositing the security deposit into the escrow account serves to protect the tenant's funds and prevent any misuse by the landlord or property manager. It establishes a clear separation between the tenant's money and the landlord's assets.
Recording the deposit in the journal and ledger is an essential accounting practice that ensures accurate and transparent financial records. This step helps maintain an organized record of all transactions related to security deposits, providing a reliable audit trail and facilitating future reference if any disputes or inquiries arise.
It is important for landlords and property managers to familiarize themselves with the specific laws and regulations in their jurisdiction regarding security deposit handling, as the exact timeframe for depositing and recording may vary. Consulting legal professionals or local housing authorities can provide further guidance on the specific requirements applicable to a particular location.
Learn more about security deposits
brainly.com/question/1752098
#SPJ11
A worker operates a machine that cuts metal. He notices that the metal sheets he is cutting have dull edges. Who should get first "shot" at solving the problem?
Select one:
a. the employee's supervisor
b. an engineer
c. a member of the quality control department
d. the operator himself
e. the foreman
The operator himself should get the first shot at solving the problem when a worker operates a machine that cuts metal and he notices that the metal sheets he is cutting have dull edges.
Dull edges mean that the cutting edges of the metal are not sharp and not cutting the material effectively. The dull edges of a machine can cause problems with the quality of the product. The metal sheets will not be cut to the correct size and shape, resulting in a flawed finished product.If the worker observes that the metal sheets have dull edges when he cuts them with the machine, he should be the first to identify and solve the issue. The operator should check the blades of the machine and replace them with new, sharper blades to address this problem.
In addition, he can adjust the machine settings to ensure that it is working properly. Therefore, the correct answer is d. the operator himself.
Learn more about metal sheets here:https://brainly.com/question/29191472
#SPJ11
Contribution Margin Ratio a. Imelda Company budgets sales of $830,000, fixed costs of $24,300, and variable costs of $107,900. What is the contribution margin ratio for Imelda Company? (Enter your ans
The contribution margin ratio for Imelda Company is 37.03%.
The contribution margin is a calculation that determines the sales amount remaining after variable expenses have been deducted. The contribution margin is important to businesses since it measures the amount of sales income that can go toward fixed costs and profit. The contribution margin ratio indicates the percentage of each sales dollar that is available to contribute toward fixed costs and profit. It can be calculated by dividing the contribution margin by sales. Imelda Company's contribution margin can be calculated as follows:Sales: $830,000Variable costs: $107,900Contribution margin: $722,100 ($830,000 - $107,900)Contribution margin ratio: 37.03% ($722,100 ÷ $830,000)Therefore, the contribution margin ratio for Imelda Company is 37.03%.
Learn more about variable here:
https://brainly.com/question/29508931
#SPJ11
How shifts in demand and supply affect equilibrium Consider the market for pens. Suppose that the number of students with an alergy to pencil erasers increases, causing more students to switch from pencils to pens in school. Moreover, the price of ink, an important input in pen production, has increased considerably On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther Scenario 1 10 D Demand -0- Supply per penj ing SUDES la E O 126 PM VI/2022 ED PRICE (Dollars per pen) 10 9 B 2 1 + 0 01 2 Scenario 1 Supply Demand 8 3 4 6 7 QUANTITY (Millions of pens) 9 10 Demand Supply CENGAGE MINDTAP Homework (Ch 04) # Next, complete the following graph, labeled Scenario 2 by shifting the supply and demand curves in the same way that you did on the scenario 1 graph 2 Scenario 2 -0 Demand 9 PRICE (Dollars per per Supply Demand H a Supply Q Searth this course 0x O la N s 4 P >. + W OT M 126 PM D 5/28/2022 EBD O Homework (Ch 04) LUNY (Mors or pres) Compare both the Scenario 1 and Scenano 2 graphs, Notice that after completing both graphs, you can now see a difference between them that wasn't apparent before the shifts because each graph indicates different magnitudes for the supply and demand shifts in the market for pens Use the results of your answers on both the Scenario 1 and Scenario 2 graphs to complete the following table. Begin by indicating the overall change in the equilibrium price and quantity after the shift in demand or supply for each shift-magnitude scenario. Then, in the final column, indicate the resulting change in the equilibrium price and quantity when supply and demand shift in the direction you previously indicated on both graphs. If you cannot determine the answer without knowing the magnitude of the shifts, choose Cannot determine, Change in Equilibrium Objects Scenario 2 Scenario 1 When Shift Magnitudes Are Unknown Equilibrium Object Price Quantity True or False: When both the demand and supply curves shift, you can always determine the effect on price and quantity without knowing the magnitude of the shifts. O True & C O D 930 A-Z 5 لمية Curs +0 M + 126 PM 5/28/2012 CI
changes in the demand and supply curves for pens will result from a rise in the number of pupils switching from pencils to pens due to allergies and an increase in the price of ink (a component used to make pens).
As more students choose pens over pencils, the demand curve for pens will move to the right, indicating an increase in demand. As the cost of producing pens increases due to the increased ink price, the supply curve for pens will shift to the left, suggesting a drop in supply.The graph for Scenario 2 shows the same changes in supply and demand as it did for Scenario 1. Pencil demand swings to the right, indicating an increase in
learn more about changes here :
https://brainly.com/question/16971318
#SJP11
What method of inventory cost flow (FIFO, LIFO, or average cost)
does the company, Apple, use?
Apple uses the first-in, first-out (FIFO) method of inventory cost flow.
FIFO (first-in, first-out) is a method of inventory cost flow in which the first items purchased are the first ones to be sold. It implies that the oldest items in inventory are sold first, with the latest items remaining in inventory until all of the older inventory has been used up.
The last-in, first-out (LIFO) method is used in inventory cost flow accounting. LIFO assumes that the most recently purchased products are sold first, with the oldest goods remaining in inventory.
The average cost method of inventory accounting entails determining the weighted average cost of all items purchased during the accounting period. The average cost per unit is calculated by dividing the total cost of goods sold by the total number of units sold.
Learn more about the average:
https://brainly.com/question/130657
#SPJ11
New Protectionism in the form of non-tariff, non-quota trade barriers a) are bureaucratic and administrative barriers aimed at reducing imports. b) made illegal by the WTO c) was practiced by Japan d) all correct e) only a and c correct
Option (e), (a) are bureaucratic and administrative barriers aimed at reducing imports.
New protectionism is an idea that refers to protecting the national economy by safeguarding it from foreign imports and expanding domestic production. Non-tariff and non-quota trade barriers have been utilized in the form of this approach to trade protectionism. These barriers are categorized as bureaucratic and administrative hurdles aimed at curbing imports. Hence, the main answer to the question is (a) are bureaucratic and administrative barriers aimed at reducing imports.
Non-tariff trade barriers (NTBs) are regulatory controls other than tariffs that can make imported goods more expensive or difficult to purchase. For example, a country may impose import licensing requirements, and this means that imports of particular items can only be done by authorized importers. NTBs can make it more difficult to buy imports, making them a sort of trade barrier, which is why they are classified as trade obstacles. Hence, option (b) is incorrect.
Most non-tariff barriers, such as import quotas, were outlawed by the World Trade Organization (WTO) when it was founded in 1995. As a result, the statement that new protectionism in the form of non-tariff, non-quota trade barriers made illegal by the WTO is true. As a result, option (b) is incorrect.
The question statement claims that new protectionism in the form of non-tariff, non-quota trade barriers was practiced by Japan. This statement is correct, as Japan used non-tariff trade barriers in order to reduce imports and improve their domestic economy. Hence, option (c) is correct.
Therefore, the correct option is (e) only a and c correct.
Learn more about Non-tariff trade barriers (NTBs): https://brainly.com/question/29549008
#SPJ11
Question 2 0/1 pt 299 Details Find the final amount of money in an account if $7, 100 is deposited at 3% interest compounded semi- annually and the money is left for 10 years. The final amount is $ Ro
The final amount of money in the account after 10 years, with a deposit of $7,100 at 3% interest compounded semi-annually, is $Ro (unknown).
To calculate the final amount, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = Final amount
P = Principal amount (initial deposit)
r = Annual interest rate (in decimal form)
n = Number of times interest is compounded per year
t = Number of years
In this case, the principal amount (P) is $7,100, the annual interest rate (r) is 3% or 0.03, the interest is compounded semi-annually (n = 2), and the time period (t) is 10 years.
Plugging these values into the formula, we get:
A = 7,100(1 + 0.03/2)^(2*10)
Calculating this expression will give us the final amount $Ro.
Learn more about interest here : brainly.com/question/30393144
#SPJ11
Bidump Corporation is evaluating two mutually exclusive capital budgeting projects. Project W2, which costs $130,000, is expected to generate $41,000 for five years and Project H5, which costs $174,000, is expected to generate $54,600 for five years. Bidump's required rate of return is 13 percent. What is t the internal rate of return (IRR) of the project the company should purchase? Do not round intermediate calculations. Round your answer to two decimal places. -Select should be purchased. Its IRR is
We find that the IRR for Project W2 is approximately 15.31% and the IRR for Project H5 is approximately 16.14%.
To find the internal rate of return (IRR) for each project, we need to solve for the discount rate that sets the net present value (NPV) of the cash flows equal to zero:
For Project W2:
NPV = -$130,000 + $41,000/(1 + r)^1 + $41,000/(1 + r)^2 + $41,000/(1 + r)^3 + $41,000/(1 + r)^4 + $41,000/(1 + r)^5 = 0
For Project H5:
NPV = -$174,000 + $54,600/(1 + r)^1 + $54,600/(1 + r)^2 + $54,600/(1 + r)^3 + $54,600/(1 + r)^4 + $54,600/(1 + r)^5 = 0
We can use a financial calculator or spreadsheet software to solve for r, or we can use trial and error. Using trial and error, we find that the IRR for Project W2 is approximately 15.31% and the IRR for Project H5 is approximately 16.14%.
Learn more about internal rate of return from
https://brainly.com/question/29581665
#SPJ11
1-Name some factors that can cause a shift in the demand curve in markets for goods and services. 2-Name some factors that can cause a shift in the supply curve in markets for goods and services. 3-In
1. Factors that can cause a shift in the demand curve for goods and services include: Changes in the price of related goods and services (substitutes and complements) Changes in income or wealth of buyers Changes 2. Factors that can cause a shift in the supply curve for goods and services include: Changes in input prices (such as wages, raw materials, etc.) Changes in technology
in consumer tastes and preferences Changes in population or demographics Changes in consumer expectations about future prices or availability of goods and services Changes in advertising and marketing campaigns for the product/servicey
Changes in the price of related goods or services (specifically for the supplier)Changes in the number of suppliers in the market changes in taxes or subsidies for the product Changes in producer expectations about future prices or availability of goods and services3. In a market for goods and services, equilibrium price and quantity are determined by the intersection of the demand and supply curves. When either curve shifts, the equilibrium price and quantity will change. If demand shifts to the right, for example, the equilibrium price will rise and the equilibrium quantity will increase as well. If supply shifts to the right, the equilibrium price will fall and the equilibrium quantity will increase. On the other hand, if either curve shifts to the left, the equilibrium price and quantity will both decrease.
Learn more about demand here:
https://brainly.com/question/30692892
#SPJ1
the ability of the customer to track their order from placement to delivery is
Order tracking or shipment tracking are terms used to describe the capability for clients to follow their order from placement to delivery.
Many companies today provide clients the convenience of following their orders from the time they are placed until they are delivered, especially in the digital age. Customers may check the status and location of their shipments using order tracking systems, which offers transparency and peace of mind.
A special tracking number or code is often given to the consumer when they place an order. This tracking number can be used as a quick reference to find out the status and location of the order. For real-time updates on their cargo, customers can input the tracking number on the business website or through a designated tracking provide for the placement.
Learn more about placement here:
https://brainly.com/question/29796223
#SPJ11
International Marketing Incident B: Latin America Debt Crisis In the early 1980s a major debt crisis was widespread throughout Latin America. From the biggest to the smallest economies, countries' foreign debt exceeded their earning power. During this "lost decade" many countries were unable to meet their debt obligations, causing per capita income to drop. Further, poverty levels rose as the gap between the wealthy and poor increased dramatically. The economic and social consequences from the Latin America debt crisis as a whole included the following: Devaluation of currencies, stock markets and asset prices • Nominal US dollar GDP of Latin American countries fell drastically • Businesses collapsed leading to millions of people falling below the poverty line • Intervention of the IMF (International Monetary Fund) for loans and fiscal planning Negative public sentiment that their countries were being controlled by outsiders What if your company had a plant in Mexico that was serving the local Mexican market? Because of the crisis the following changes in demand for Economy SKUs occurred in Mexico: • 20% decrease in demand for Large • 10% decrease in demand for Medium • 10% increase in demand for Small Specifically as Mexican demand changed, how would this affect your Gross Margins (MXN) in Mexico if you had the following Economy SKUS? Assume per unit costs and prices remain the same. 5 n 27.1 SKU Contribution Mexico Frgt/Trf GrossMargi SKU Units Rev. Allow. COGS GrossMargin % Ecnm/Med/Tube/Pst 3.7 63.2 5.0 30.2 0.9 42.9% Ecnm/Sm/Tube/Gel 2.9 57.3 4.6 27.9 0.7 241 42.1% Ecnm/Med/Tube/Gel 3.3 37.5 2.5 22.9 08 113 30.1% Ecnm/Lg/Tube/Gel 16.7 275.3 18.7 139.1 40 113.5 41.2% Total 26.6 433.3 30.8 6.4 176.0 40.6% Units in millions, other amounts shown in millions of MXN. 220.1 Specifically as Mexican demand changed, how would this affect your Gross Margins (MXN) in Mexico if you had the following Economy SKUs? Assume per unit costs and prices remain the same. dramatically. The economic and social consequences from the Latin America debt crisis as a whole included the following: • Devaluation of currencies, stock markets and asset prices • Nominal US dollar GDP of Latin American countries fell drastically • Businesses collapsed leading to millions of people falling below the poverty line • Intervention of the IMF (International Monetary Fund) for loans and fiscal planning • Negative public sentiment that their countries were being controlled by outsiders Negative public sentiment that their countries were being controlled by outsiders What if your company had a plant in Mexico that was serving the local Mexican market? Because of the crisis the following changes in demand for Economy SKUs occurred in Mexico: • 20% decrease in demand for Large • 10% decrease in demand for Medium • 10% increase in demand for Small
The changes in demand for Economy SKUs in Mexico would affect Gross Margins in Mexico if a company had a plant in Mexico that was serving the local Mexican market.
The following Economy SKUs would be affected by the changes in demand: Ecnm/Lg/Tube/Gel, Ecnm/Med/Tube/Pst, Ecnm/Sm/Tube/Gel, and Ecnm/Med/Tube/Gel.
The demand for Ecnm/Lg/Tube/Gel would decrease by 20%, and as a result, the Gross Margin in MXN would decrease by 40.0 million. The demand for Ecnm/Med/Tube/Pst would decrease by 10%, and as a result, the Gross Margin in MXN would decrease by 5.6 million. The demand for Ecnm/Sm/Tube/Gel would increase by 10%, and as a result, the Gross Margin in MXN would increase by 2.4 million.
The demand for Ecnm/Med/Tube/Gel would decrease by 10%, and as a result, the Gross Margin in MXN would decrease by 3.4 million. Thus, the net impact of the changes in demand for Economy SKUs in Mexico would be a decrease in Gross Margins in MXN of 46.6 million.
To know more about Gross Margins visit:
https://brainly.com/question/31262904
#SPJ11
