1. What is your assessment of the growth theory formulated either as a meta-heuristic "4-formula framework" or as an integrated f-equation?
2. Why is "adding notations of time and space" on both sides of the equation critical in terms of both thinking theoretically and designing growth strategies?
3. What challenges does the city of Shenzhen in China after 40 years of economic growth in your opinion is going to face years down the road?
Answers
Analyzing growth theory, incorporating time and space, and anticipating future challenges are crucial for economic growth.
1. The assessment of the growth theory formulated as a meta-heuristic "4-formula framework" or an integrated f-equation would require a detailed analysis and evaluation of the specific theory and its underlying assumptions, empirical evidence, and applicability to real-world economic phenomena. It would involve examining the theoretical foundations, empirical validity, and practical implications of the framework in explaining economic growth dynamics.
2. Adding notations of time and space on both sides of the equation is critical in terms of both thinking theoretically and designing growth strategies because it acknowledges the dynamic and spatial nature of economic processes. By incorporating time, the theory recognizes that economic growth is a temporal process that evolves over different periods, accounting for changes in technology, institutions, and policies.
Adding spatial dimensions acknowledges the heterogeneity and spatial disparities in economic development, considering the regional and local factors that influence growth patterns. This holistic approach enables a more comprehensive understanding of growth dynamics and facilitates the formulation of targeted and context-specific growth strategies.
3. In my opinion, the city of Shenzhen in China, after 40 years of economic growth, is likely to face several challenges in the years ahead. These challenges may include managing urbanization and population growth, addressing environmental sustainability and resource constraints, diversifying the economy beyond manufacturing, promoting innovation and technological advancement, ensuring social inclusivity and reducing income inequalities, and addressing governance and institutional reforms.
As Shenzhen continues to develop, it will need to navigate these challenges to sustain its growth momentum, enhance quality of life for its residents, and maintain its competitive advantage in an evolving global economy.
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Related Questions
Stephenson Limited produces a variety of products for the computing industry. The company’s CEO plans to produce a new product, WiFi router and asked the controller to prepare some information and be ready to meet with him to discuss about it. In preparing for the meeting, the controller accumulated the following data: Selling price of a router $1,250 Direct materials per router $270 Direct labour per router $130 Variable overhead per router $80 Total fixed costs $120,000
Required: a) Calculate the contribution margin per unit, break-even point in units and in sales dollar.
b) Calculate the number of units that must be sold and the amount of sales revenue to earn $300,000 of profit.
c) Calculate the break-even point in units and in sales dollar if the company were to reduce variable costs by $220 per unit by investing in technology resulting in an overall increase of $20,000 in total fixed costs? d) The CEO believes the company can increase sales by 50 units if advertising expense is increased by $31,000 based on the original data. Justify whether the company should increase advertising expenditure.
Answers
a) Contribution Margin per Unit: $770, Break-Even Point in Units: ≈ 155.84, Break-Even Point in Sales Dollars: ≈ $194,800.
b) Number of Units for $300,000 Profit: ≈ 584.42, Sales Revenue for $300,000 Profit: ≈ $730,525.
c) New Contribution Margin per Unit: $1,410, New Break-Even Point in Units: ≈ 94.33, New Break-Even Point in Sales Dollars: ≈ $117,912.50.
d) Additional Sales Revenue: $62,500, Contribution from Additional Sales: $38,500, Additional Advertising Expense: $31,000. Conclusion: Increase in advertising expenditure is justified as it would result in a positive contribution to profit.
a) To calculate the contribution margin per unit, break-even point in units, and break-even point in sales dollars, we need the following information:
Selling price per router: $1,250
Direct materials per router: $270
Direct labor per router: $130
Variable overhead per router: $80
Total fixed costs: $120,000
Contribution Margin per Unit:
Contribution Margin per Unit = Selling Price per Unit - Variable Costs per Unit
Contribution Margin per Unit = $1,250 - ($270 + $130 + $80)
Contribution Margin per Unit = $1,250 - $480
Contribution Margin per Unit = $770
Break-Even Point in Units:
Break-Even Point in Units = Total Fixed Costs / Contribution Margin per Unit
Break-Even Point in Units = $120,000 / $770
Break-Even Point in Units ≈ 155.84
Break-Even Point in Sales Dollars:
Break-Even Point in Sales Dollars = Break-Even Point in Units × Selling Price per Unit
Break-Even Point in Sales Dollars = 155.84 × $1,250
Break-Even Point in Sales Dollars ≈ $194,800
b) To calculate the number of units and sales revenue needed to earn $300,000 of profit, we need to consider the contribution margin per unit and total fixed costs:
Number of Units for $300,000 Profit:
Number of Units = (Total Fixed Costs + Desired Profit) / Contribution Margin per Unit
Number of Units = ($120,000 + $300,000) / $770
Number of Units ≈ 584.42
Sales Revenue for $300,000 Profit:
Sales Revenue = Number of Units × Selling Price per Unit
Sales Revenue = 584.42 × $1,250
Sales Revenue ≈ $730,525
c) If the company reduces variable costs by $220 per unit and incurs an additional $20,000 in total fixed costs, the new calculations would be:
New Contribution Margin per Unit = $1,250 - ($270 - $220 + $130 + $80) = $1,410
New Break-Even Point in Units = ($120,000 + $20,000) / $1,410 ≈ 94.33
New Break-Even Point in Sales Dollars = 94.33 × $1,250 ≈ $117,912.50
d) To determine whether the company should increase advertising expenditure, we need to consider the additional sales generated by the increased advertising and compare it to the additional expense:
Contribution Margin per Unit: $770
Additional Units Sold: 50
Additional Sales Revenue: 50 × $1,250 = $62,500
Contribution from Additional Sales = Additional Units Sold × Contribution Margin per Unit = 50 × $770 = $38,500
Additional Advertising Expense: $31,000
Since the contribution from the additional sales ($38,500) exceeds the additional advertising expense ($31,000), it would be justified for the company to increase advertising expenditure as it would result in a positive contribution to profit.
Please note that these calculations are based on the provided data and assumptions, and actual results may vary.
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A tariff imposed on german imports into the united states tends to _____ american producers and _____ german producers.
Answers
German imports are subject to a tariff, which generally favors American producers while punishing German ones.
Describe a tariff.A tariff is a charge that a country's government or that of a supranational union imposes on the import or export of goods. In addition to generating revenue for the government, import tariffs can control global trade and help or defend domestic businesses.
A tariff is a tax that a government imposes on imported goods and services in an effort to raise the cost of imports, reduce their appeal, or at the very least, make it more difficult for them to compete with domestic products and services.
The words "tariff" and "tax" come from the French and Italian words "tariff" and mean "fixed price" and "tax," respectively.
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How is planning made and why is it importante
Answers
it's important to plan ahead so that you know what you're getting yourself into.
Hope this helps it’s my greatest answer/guess
in analyzing a market area, an appraiser finds that most of the residents are middle-aged, and some are empty-nesters. this would typically mean
Answers
A market area is examined by an appraiser, who discovers that the majority of the locals are middle-aged and some are empty-nesters. Typically, this would indicate that there is a need for more expensive residences.
What is market analysis?A thorough evaluation of a market within a particular industry is called a market analysis. You will research the market dynamics, including volume and value, possible client segments, purchasing trends, rivalry, and other crucial elements.Surveys, interviews, focus groups, and consumer observation are four popular forms of market research methodologies.An appraiser investigates a market region and finds that most of the residents are middle-aged and others are empty-nesters. Typically, this would mean that more expensive homes are required.Therefore, a market area is examined by an appraiser, who discovers that the majority of the locals are middle-aged and some are empty-nesters. Typically, this would indicate that there is a need for more expensive residences.
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A refrigerator of width w and height h rests on a rough incline as in Figure P8. 25 (page 268). Find an expression for the maximum value theta can have before the refrigerator tips over. Note, the contact point between the refrigerator and incline shifts as theta increases and treat the refrigerator as a uniform box
Answers
By comparing the torque caused by the weight to the torque caused by the frictional force, the maximum angle at which a refrigerator will topple over on an inclined surface may be calculated.
The forces operating on the refrigerator must be taken into consideration to calculate the maximum angle theta at which a refrigerator will topple over on an inclined surface. As the angle of inclination rises, the weight of the refrigerator will produce a torque near the point of contact with the slope.
The frictional force acting on the refrigerator, which opposes the weight torque, must balance this torque. The maximum value of theta may be calculated by equating these two torques. This equation will depend on the refrigerator's weight, coefficients of friction, and size.
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Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
According to the interest-rate effect, aggregate demand slopes downward (negatively) because a. lower prices reduce money holdings, increase lending, interest rates fall, and investment spending increases. b. lower prices increase the value of money holdings and consumer spending increases. c. lower prices increase money holdings, decrease lending, interest rates rise, and investment spending falls. d. lower prices decrease the value of money holdings and consumer spending decreases.
Answers
Answer:
a. lower prices reduce money holdings, increase lending, interest rates fall, and investment spending increases.
Explanation:
as per the interest rate effect, the aggregate demand would slope downward or negative when there is less price that decrease the holding of the money also it would rise the lending, the rate of interst would be decline and the investment spending would be rise up
So according to the given situation, the option a is correct
And, the same would be considered
an investment in equipment helps a business increase productivity by
Answers
Track and limit how much time you're spending on tasks.
Take regular breaks.
Set self-imposed deadlines.
Follow the "two-minute rule."
Just say no to meetings.
Hold standing meetings.
Quit multitasking.
Explain briefly what kind of Consumer Service is particularly open to an entrepreneur.
Answers
Answer:
Almost any Consumer Services enterprise is amenable to the entrepreneur, from personal services like pet care and yard maintenance to a clinical psychology and counseling practice. Particularly fertile in our current business landscape are Consumer Services tied to computers, electronics, the Internet, and social media.
Explanation:
What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answers
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
The basic purpose of market segmentation is to locate: a. smaller markets. b. attractive opportunities. c. larger markets. d. all markets.
Answers
The basic purpose of market segmentation is to locate attractive opportunities (option b).
Market segmentation is the process of dividing a larger market into smaller groups or segments based on similar needs, interests, behaviors, and characteristics of the target audience. By segmenting the market, businesses can tailor their marketing strategies to better meet the needs of each group, which can lead to increased sales and customer loyalty.
Locating attractive opportunities is a crucial aspect of market segmentation. Businesses must identify segments that have a high potential for profit and growth. By targeting smaller markets with specific needs, businesses can create products and services that are more relevant and appealing to those customers. This can result in higher customer satisfaction and loyalty, which can lead to increased revenue and profitability. Additionally, segmenting the market allows businesses to better understand the needs and preferences of their target audience, which can help them develop more effective marketing campaigns and improve customer relationships. In short, the basic purpose of market segmentation is to identify and pursue attractive opportunities that can drive business growth and profitability. The correct option is b.
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Riskier investments can yield higher returns:
A) but, are generally less expensive
B)but, generally experience steeper downturns
C) so, you should invest all your money in high risk stocks
D) none of the above
Answers
The Riskier investments can yield higher returns, Because They put your money at higher risk. This means that if things go well, high-risk investments can produce high returns.
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
The risk investment may offer the chance of higher returns than other investments might produce, but they put your money at higher risk. This means that if things go well, high-risk investments can produce high returns. But if things go badly, you could lose all of the money you invested.
Therefore, Thus option (D) is correct.
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Critically explain Robbins definition of economics?
Answers
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
The first version of Windows to have a Start button and taskbar was?
Windows Vista
O Windows 95
Windows Millennium Edition
O Windows XP
Answers
Which of the following was a defining characteristic of the United States during the 1930s?answer choicesA sharp increase in the power given to state governmentsAn extended period of economic depressionThe adoption of an interventionist foreign policyThe formation of a national Civil Rights movement
Answers
The United States embrace of an aggressive foreign policy during the 1930s was a distinctive feature of the country.
By foreign policy, what do you mean?
Foreign policies have been used by member states to govern diplomatic interactions and relations with other nations. A nation's foreign policy serves to advance its political and financial objectives on the international platform while promoting its goals and principles.
Which four categories describe foreign affairs?
Protecting the United States, its residents, and allies, ensuring ongoing access to international markets and resources, keeping a balance of power throughout the world, and defending human dignity and democracy are the four primary objectives of American foreign policy.
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if an owner spends all of his/her cash on a down payment of an investment property, and does not have any additional cash during the operations of the property, he/she is considered what...?
Answers
if an owner spends all of his/her cash on a down payment of an investment property, and does not have any additional cash during the operations of the property, he/she is considered what. illiquid
Property[1] is a set of rights that confers legal authority over things while also referring to the rights holders' ownership of those things. Depending on the kind of property, an owner may be able to use it as intended by the property rights granted to them, alter it, share it with others, redefine it, rent it, pawn it, sell it, exchange it for another piece of property, give it away, or destroy it[2]. However, a property owner may have the authority to forbid others from doing any of these actions, regardless of the type of property.In economics and political economy, there are three main categories of property: private property, public property, and communal property (also called cooperative property).Property that is jointly owned by several persons may be
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Mention five legal ways to spend money
Answers
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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Upon witnessing the devastation of a hurricane in another state, you worry about the possibility of your own home flooding. As a result, you purchase flood insurance and spend money making upgrades to your home to prevent water damage. This behavior is the result of
Answers
Upon witnessing the devastation of a hurricane in another state, you worry about the possibility of your own home flooding. As a result, you purchase flood insurance and spend money making upgrades to your home to prevent water damage. This behavior is the result of a heuristic.
What is heuristic behavior?Heuristics are rapid methods for problem-solving that produce results that are sufficient to be useful under time limitations. Heuristic methods are used by investors and financial experts to expedite analysis and investment decisions.
Heuristics are general principles that can be used to direct decision-making based on a more constrained subset of the information at hand. Heuristics are thought to enable quicker decision-making than techniques that require more information because they rely on less information.
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Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
Answers
The store which uses a fulfillment center is: C. Amazon.
What is supply chain management?Supply chain management can be defined as an effective and efficient management of the supply or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.
What is a fulfillment center?A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).
In conclusion, Amazon is a typical example of a store that makes use of a fulfillment center.
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If the price of a car is $3,500 with a 6% tax, and the percent of the down payment is 10%, what is the total amount of money you'll need to pay for the car? (total loan)
Answers
Based on the price of the car and the percent down payment, the total amount of money that you'll need to pay for the car is $560
What amount would you pay?The down payment on the car is:
= 3,500 x 10%
= $350
The tax on the car is:
= 3,500 x 6%
= $210
The total amount you'll need to pay for the car is:
= 350 + 210
= $560
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According to the video, what are some qualities needed by Advertising and Promotions Managers? Check all that apply.
creativity
college degree
leadership
high school degree
ability to express themselves clearly
ability to stand for long periods
Answers
A, B, C, E
_______________________________________
Malachi 1:2
Qualities needed by Advertising and Promotions Managers:
creativityCollege degreeleadershipability to express themselves clearlyWhat is advertising?Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular. By "branding," which links a product name or image with particular traits in customers' minds, commercial advertising frequently aims to boost the consumption of their goods or services.
Direct-response advertising, on the other hand, is the term used to describe advertisements that aim to prompt a quick sale. Political parties, interest groups, religious institutions, and governmental bodies are examples of non-commercial organizations that promote goods and services more than consumer goods.
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Which of these will require a credit to the inventory account in a perpetual inventory system?
a. Collecting cash for inventory previously sold on account
b. Paying cash for inventory previously purchased on account
c. Purchasing inventory on account
d. Selling inventory for cash
e. Selling inventory on account
f. Purchasing inventory for cash
Answers
Correct answer is option d and e . Selling inventory for cash,
Selling inventory on account will be required for a perpetual inventory system.
The cost of the goods sold is credited to the inventory account at the time of each sale when using the inventory system, which subtracts purchases from the inventory account. As a result, the inventory account's balance is constantly shifting. In this system, the general ledger account for cost of goods sold is. Permanent inventory is a continuous accounting approach that, without the need for physical inventories, continuously records inventory changes to reflect actual stock properly in the book inventory. Scanners and POS systems are input tools used in warehouses to track ongoing inventory.
The retail industry and warehouses are using perpetual inventory practices more frequently. Perpetual inventory leads to overstatements, also referred to as phantom inventory.
You credit the finished goods inventory and debit the cost of goods sold. The items are transferred from inventory to costs in this way.
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Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!
Answers
Explanation:
1. percentage of a consumer's budget
The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.
What determines price elasticity of demand?The price elasticity of demand refers to how much demand can change as a result of a change in price.
If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.
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True or false: HRM is just as important to a company as the company's finance, marketing, and accounting departments.
Answers
**True.** HRM (Human Resource Management) is just as important to a company as its finance, marketing, and accounting departments.
While each department plays a crucial role in the overall functioning of a company, HRM is equally significant in ensuring the success and effectiveness of the organization. HRM is responsible for managing the company's human capital, including recruitment, selection, training, performance management, employee engagement, and employee relations.
Effective HRM practices contribute to various aspects of a company's success. For instance, HRM plays a vital role in attracting and retaining top talent, which is crucial for driving innovation, productivity, and competitiveness. HRM also ensures compliance with labor laws and regulations, promotes a positive work culture, fosters employee development, and manages conflicts or issues within the workforce.
Additionally, HRM plays a critical role in aligning the company's human resources with its strategic goals, facilitating organizational change, and promoting diversity and inclusion. Without effective HRM, companies may struggle to attract and retain talented employees, experience low employee morale, face legal and compliance risks, and hinder overall organizational performance.
Therefore, recognizing the importance of HRM as being on par with finance, marketing, and accounting departments is essential for organizations to thrive in a competitive business environment.
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18.Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. If you get a 15-year mortgage with a 6 percent interest rate, what would the loan balance be in seven years?
Answers
After seven years, the loan balance on a $135,000 mortgage with a 15-year term and a 6% interest rate, with a $15,000 down payment, would be approximately $32,048.64.
To calculate the loan balance after seven years, we need to consider the remaining principal balance on the mortgage.
The initial mortgage amount is $135,000, and the down payment is $15,000. Therefore, the principal balance at the beginning of the mortgage is $135,000 - $15,000 = $120,000.
The mortgage has a term of 15 years, which means it will be paid off in 15 years from the start. After seven years, there are eight years remaining on the mortgage.
To determine the loan balance after seven years, we can use an amortization schedule or a mortgage calculator. Using an amortization schedule, we calculate the monthly payment based on the loan amount, term, and interest rate.
For a $120,000 mortgage with a 6% interest rate and a 15-year term, the monthly payment can be calculated using the formula for a fixed-rate mortgage:
M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ]
Where:
M = Monthly payment
P = Principal balance
i = Monthly interest rate
n = Number of payments
The monthly interest rate is 6% / 12 = 0.005, and the number of payments remaining is 8 years * 12 months = 96.
Using these values in the formula, we find:
M = $120,000 [ 0.005(1 + 0.005)^96 ] / [ (1 + 0.005)^96 - 1 ]
≈ $1,045.94
So, the monthly payment is approximately $1,045.94.
To find the loan balance after seven years, we need to calculate the remaining principal balance. We can subtract the sum of the payments made in seven years from the initial principal balance:
Remaining principal balance = Initial principal balance - (Monthly payment * Number of payments made)
Number of payments made = 7 years * 12 months = 84
Remaining principal balance = $120,000 - ($1,045.94 * 84)
= $120,000 - $87,951.36
= $32,048.64
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i need help with Question B5 (a) short essay. im completely lost please help me :(
Answers
a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.
Answers
The preparation of WTI Insurance Company's income statement for the year is as follows:
WTI Insurance Company
Income StatementFor the year ended December 31,
Tuition Fees $109,577
Training Fees 48,717
Total Revenue $154,694
Expenses:
Depreciation Expense -Professional Library $5,349
Deprecation Expense - Equipment 10,698
Salaries Expense 49,307
Insurance Expense 2,674
Rent Expense 24,468
Teaching Supplies Expense 7,869
Advertising Expense 7,132
Utility Expense 5,706
Total expenses $113,203
Net income $45,091
How do you prepare Income Statements from Unadjusted Trial Balance?To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.
The adjustments ensure that the financial statements are prepared in accordance with the accrual basis. The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.
Question Completion with Data from Unadjusted Trial Balance:Tuition Fees $103,924
Training Fees 38,717
Depreciation Expense -Professional Library $0
Deprecation Expense - Equipment $0
Salaries Expense $48,907
Insurance Expense $0
Rent Expense 22,429
Teaching Supplies Expense $0
Advertising Expense $7,132
Utility Expense $5,706
See attachment for more information.
Required: Prepare the income statement to show the net income.
Adjustments:a. Insurance Expense $2,674
b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)
c. Depreciation Expense - Equipment = $10,698
d. Depreciation Expense - Professional Library = $5,349
e. Training Fees = $48,717 ($38,717 + $10,000)
f. Tuition Fees $109,577 (103,924 + $5,653)
g. Salaries Expense $49,307 ($48,907 + $100 x 4)
h. Rent Expense = $24,468 ($22,429 + $2,039)
Thus, the income statement of WTI's Insurance shows a net income of $45,091.
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Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.
Answers
The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
A sentence about annual master budget files
Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.
For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
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