Short question 1 Cole and York are in a partnership in which they agreed to share any profit or loss based on a profit sharing ratio of Cole: York =3:2. At the end of the year, the partnership reports a net profit of £1,000,000. Cole and York receive salaries from the partnership amounting to £300,000 and £200,000 respectively. The balances of their Current Accounts at the beginning of the year are Cole =£75,000 and York =£95,000. Required Calculate Cole's and York's Current Accounts balances at the end of the financial period. (
Answers
Cole's current account balance at the end of the financial period would be £520,000, while York's current account balance would be £580,000.
To calculate the current account balances, we need to consider the profit sharing ratio and the salaries received by Cole and York. The profit sharing ratio is 3:2, which means Cole is entitled to 3/5 (or 60%) of the profit, and York is entitled to 2/5 (or 40%) of the profit.
The net profit of £1,000,000 is shared based on this ratio. Cole's share of the profit is £600,000 (60% of £1,000,000), and York's share is £400,000 (40% of £1,000,000).
Next, we subtract the salaries received by each partner from their respective profit shares. Cole received a salary of £300,000, so his remaining profit share is £600,000 - £300,000 = £300,000. York received a salary of £200,000, so his remaining profit share is £400,000 - £200,000 = £200,000.
Finally, we add the remaining profit shares to the balances of their current accounts at the beginning of the year. Cole's current account balance is £75,000 + £300,000 = £375,000, and York's current account balance is £95,000 + £200,000 = £295,000.
Therefore, Cole's current account balance at the end of the financial period is £375,000 + £145,000 (his remaining profit share) = £520,000, and York's current account balance is £295,000 + £305,000 (his remaining profit share) = £580,000.
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Related Questions
what type of improvement is defined as ongoing small, incremental improvements in all parts of an organization?
Answers
The term "continuous improvement" refers to a form of improvement that is described as making small, incremental gains on an ongoing basis in all areas of an organization.
Continuous process, product and service improvement is the philosophy and goal of the management strategy known as continuous improvement. It requires making minor, gradual adjustments to various organizational components with the intent of increasing effectiveness, consistency, and customer enjoyment. Lean and Six Sigma methodologies, which offer organized methods for detecting and getting rid of waste and reducing process variability, are often associated with continuous improvement.
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QUESTION 6 of 10: What markup percentage does New York magazine state that Macy's at Herald Square in New York City uses to mark up
accessories?
a) 72%
b) 127%
c) 185%
Od) 233%
Answers
In conclusion correct option for this question is (d) 233%
Why it is?
The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.
This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.
However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.
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In which categories did the Chung’s expenditures exceed the amount they had budgeted?
Answers
Answer:
There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.
Explanation:
Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Answers
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
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whether the economy is in a recession is illustrated in the ad/as model by how close the _____________________ is to the potential gdp line.
Answers
Answer:
The answer is equilibrium
Explanation:
Whether the economy is in a recession is illustrated in the ad/as model by how close the equilibrium is to the potential gdp line.
When the economy is below full employment, which component of GDP adjusts automatically in the long run to bring the economy back to full employment?
Answers
The component of GDP that adjusts automatically in the long run to bring the economy back to full employment is investment.
When the economy is below full employment, it means that there is an output gap, indicating that the economy is not utilizing its resources to their full potential. In the long run, the automatic adjustment mechanism that helps bring the economy back to full employment is investment. When the economy is operating below its capacity, there is less demand for goods and services, leading to a decrease in investment. However, as the economy approaches full employment, firms start to see the need for expanding their capacity to meet the increased demand, leading to an increase in investment.
This increase in investment creates new job opportunities and stimulates economic growth, helping the economy move towards full employment. Therefore, investment is the component of GDP that adjusts automatically in the long run to bring the economy back to full employment.
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Outstanding stock of the Whispering Winds Corp. included 39000 shares of $5 par common stock and 13000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Whispering declared and paid dividends of $3900. In 2020, Whispering declared and paid dividends of $11700. How much of the 2020 dividend was distributed to preferred shareholders
Answers
Answer:
$6,500
Explanation:
39,000 shares of $5 par common stock
13,000 shares of $10 par 5% non-cumulative preferred stock = $6,500 in preferred stocks dividends per year. Since the preferred stocks are non-cumulative, if they are not paid during one period, that dividend cannot be recovered in future periods.
In 2020, $11,700 were paid in dividends:
$6,500 were paid to preferred stocks$5,200 were paid to common stocksSales tax in your community is 7.5%. If you go to Becks and buy a polar pop for $0.99, slice of pizza for $2.25, and chips for $0.75, what amount will you pay once the sales tax is added to your purchase?
Answers
Answer:
$4.29
Explanation:
Sales tax is a type of consumption tax. It is levied by the government or an agency of the government on the sales. Taxes increase the prices of goods and services
Total amount paid = total price of items purchased + tax amount
total price of items purchased = $0.99 + $2.25 + $0.75 = $3.99
Tax amount = 0.075 x $3.99 = $0.299
Total amount paid = $4.29
A person with a diversified investment portfobo has
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Instead of placing all of their money into one investment, a person with a diversified investment portfolio has spread their money across a variety of various asset classes and securities.
Importance of diversified investment portfolioA person with a diversified investment portfolio has invested their money across a range of different asset classes and securities, rather than putting all of their money into a single investment. The idea behind diversification is to reduce risk by spreading investments across different categories, so that a loss in one area is offset by gains in others.
For example, a diversified investment portfolio may include a mix of stocks, bonds, real estate, and commodities such as gold or oil. Within each category, the investor may also hold a range of different securities, such as stocks from different industries or bonds with varying levels of risk.
By diversifying their investments, an investor can potentially reduce their exposure to risks such as market volatility, economic downturns, or company-specific issues. This approach can help to protect their investment portfolio from significant losses and can potentially increase returns over the long term.
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Select all that apply.
Dialect is a language that is distinctive mainly in pronunciation based on:
entertainment
geographic location
culture
social setting
Answers
Answer:
Geographic location, social setting, and culture
Explanation:
I chose those options and got it right on the quiz.
Please help!! Unit test question 50 pnts!!!! Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team. Which table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences? A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; physical condition and training; following cases on the news; honest, caring, compassionate, has integrity; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers; physical condition and training; following cases on the news. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; physical condition and training; grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers.
Answers
The table is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. The correct option is (B).
What do you mean by skills, interest?Passion (or Interests): Do I enjoy engaging in this activity? something that you enjoy doing? Is this an activity I have the talent (or skills) for?
There are three categories of skills: self-management, functional, and specialised knowledge. Functional skills are innate aptitudes or capabilities that are refined through practice and education.
Therefore, the table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers.
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Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.
Answers
The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
What is Specialization of Labor?Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.Learn more about specialization here:
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Answer:
B C E
Explanation:
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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Mark, the marketing manager of a large U.S. corporation, realizes that Afghanistan has virtually no supply of tomatoes. He conducts a study to see what quantity of tomatoes Afghan customers would be able and willing to buy at different prices. Mark is analyzing Afghanistan's:
Answers
By conducting the study on the quantity of tomatoes Afghan customers would be able and willing to buy, Mark is analysing the demand for tomatoes.
What is the demand for a good?
The demand for a good measures the quantity of a good that would be demanded at different prices. Usually, the demand for a good is negatively related to the price of the good. As the price of the good increases, the demand for the good would decline.
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4. Adam Smith says both buyers & sellers have the __ to behave the way they do in a market. money B. need C. obligation D. incentive
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Adam Smith says both buyers & sellers have the money to behave the way they do in a market. Hence, option A is appropriate.
Who is Adam Smith?Scottish economist, as well as philosopher Adam Smith FRSA, was a prominent figure in the Scottish Enlightenment and a pioneer in the field of political economy.
Modern economics is credited to Adam Smith as its founder. The Wealth of Nations, written by Adam Smith in 1776, is his most well-known work. Philosophers, writers, and economists of the 20th century analyzed Smith's writings.
Adam Smith was one of the first thinkers of his era to assert that money is produced via labor that is productive and that individuals are driven by self-interest to make the most use of their resources.
Hence, option A is correct.
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Adrian owns an older used car that is valued at about $1,000.
He is considering whether to change his car insurance policy.
He has the option to purchase additional coverage for $200/month that will protect his vehicle if it is damaged in an accident. If there is an accident, the insurance company will pay Adrian the amount his vehicle is worth.
Purchasing insurance can help Adrian risk.
Adrian’s best decision in this case is to because the policy is
Answers
Answer:
Purchasing insurance can help Adrian minimize risk. Adrian’s best decision in this case is to not buy the insurance because the policy is too expensive in relation to the value of his vehicle
Adrian can reduce risk by buying insurance. The wisest course of action for Adrian in this situation is to refuse to purchase the insurance because the premiums are too high in comparison to the worth of his car.
What is insurance?A party promises to compensate another party in exchange for a fee in the case of a certain loss, damage, or injury as a way of financial loss protection. It is a method of risk management that is primarily employed to protect against the risk of a potential loss.
An insurer, insurance business, insurance carrier, or underwriter is a corporation that offers insurance. A person or company that purchases insurance is referred to as a policyholder, while someone or anything that is protected by the policy is referred to as an insured.
The insurance policy that the insured gets outlines the terms and circumstances under which the insurer will make payments to them, their chosen beneficiary, or assignee.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Many people believe Hilary Clinton was ahead in the polls, yet, Donald Trump won the election. Describe why this may have been the case, ensuring to reference sampling.
Why is sampling chosen in general, versus surveying the entire population? Describe with an example
What does it mean for a sample to be reflective of the population? Describe when it may not be
Answers
The outcome of the 2016 U.S. presidential election, where Donald Trump won despite many polls indicating Hillary Clinton's lead, can be attributed to several factors, including the issue of sampling.
Sampling is chosen in general because it provides a more practical and cost-effective way to gather data compared to surveying the entire population.
In the case of election polling, pollsters typically select a sample of individuals to represent the larger population. They use various sampling techniques, such as random sampling, to ensure that the sample is representative and unbiased. However, sampling is not without limitations. It is possible for a sample to be unrepresentative of the population, leading to inaccurate results.
A sample is considered reflective of the population when it accurately represents the key characteristics and diversity of the population being studied. For example, in a national election, a reflective sample would include individuals from various demographic groups, geographic regions, and political affiliations. This allows for a more accurate estimation of the overall population's opinions and preferences.
However, there are instances when a sample may not be reflective of the population. This can occur due to sampling errors or biases. For example, if a sample is disproportionately composed of a certain demographic group or geographic area, it may not accurately represent the entire population's views. In the case of the 2016 election, some argue that certain pollsters' sampling methods and methodologies failed to adequately capture the preferences and sentiments of the voters who ultimately supported Donald Trump, leading to an inaccurate prediction of the election outcome.
In summary, the discrepancy between the polls indicating Hillary Clinton's lead and Donald Trump's victory in the 2016 election can be attributed to sampling issues. While sampling is chosen over surveying the entire population for practical reasons, such as cost and time constraints, it is crucial to ensure that the sample is truly reflective of the population being studied. Failure to achieve a representative sample can result in inaccurate results and predictions.
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What is the term of shipping directly from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs?.
Answers
Drop shipping is the word of shipping straight from the supplier to the end consumer rather than from the seller.
Drop-shippingDrop-shipping is where a vendor sets up a website and sells products that the merchant does not keep in stock. When an order is placed, the dealer sends it to a third party — the manufacturer, other retailer, or a wholesaler — who ships the goods directly to the buyer.
By eradicating the requirement to maintain physical inventory, dropshipping lessen the management overhead traders that face. They do not require to spend time tracking inventory, operating the infrastructure that houses it, or managing shipping, which is outsourced to suppliers.
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how should the organization keep track of the number of candy bars ordered and the number sold
Answers
Which of the following is a justification for valuing inventory above historical cost?
a. Inability to determine appropriate prices
b. Immediate marketability of the inventory at a quoted market price
c. All of the items listed are justifications for valuing inventory above historical cost
d. Interchangeability of the units of inventory
Answers
Inventory is an essential item for all businesses. It consists of items that have been manufactured, purchased, or produced to sell. For most companies, inventory is one of the most significant assets and is also the most substantial expense.
Valuing inventory above the historical cost may be necessary when items' current market value is more than the recorded cost.
The following is a justification for valuing inventory above the historical cost.
Immediate marketability of the inventory at a quoted market price.
The justification for valuing inventory above historical cost is that items' current market value is more than their recorded cost.
Immediate marketability of inventory at a quoted market price is a justification for valuing inventory above historical cost.
It suggests that the inventory has a quoted market value that is higher than the historical cost.
Therefore, valuing inventory above historical cost is essential for businesses that want to maintain their profit margins and remain competitive.
In conclusion, Immediate marketability of the inventory at a quoted market price is a justification for valuing inventory above the historical cost.
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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Answers
The correct answer is Journalism
Explanation:
Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.
Answer:
D. Journalism
Explanation:
What is the over time pay rate
Answers
Answer:
overtime pay rate is the amount of money you would make from working overtime. sokets say you made 80,000 dollers a year and you staryed 15 hours your overtime pay rate
Explanation:
Overtime hours are hours worked over 40 in a single work week.
Example: At 45 hours for the week, Sasha worked five overtime hours in a week.
cleared advance of officer Mr subodh regmi against the submission of bill of book purchase amount of Rs 10000 and cash Rs 3000. ( JOURNAL VOUCHER)
Answers
According to the question, the journal voucher of Mr. subodh regmi are given below:
What is journal voucher?Journal voucher is an accounting document used to record a business transaction. This document is prepared to indicate the source of the transaction and provides a detailed documentation of the transaction. It is also known as an accounting voucher. This document is used to transfer funds from one account to another, or to record the purchase of assets, or to record the payment of any expenses. It is important to note that the journal voucher does not actually involve any physical transfer of money, but instead is used to document the transaction for the purpose of record keeping. The journal voucher can be used as a supplement to the general ledger, or as an alternative to it.
Date Particulars Debit Credit
1.1.20 Subodh Regmi A/c Rs.13,000
1.1.20 Book Purchase A/c Rs.10,000
1.1.20 Cash A/c Rs.3,000
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HELP ASAP FOR BRAINLIEST
Which of the following would be considered a positive result of expansionary monetary policies?
A. the average price level freezing
B. the real output stopping
C. the average price level increasing
D. the real output decreasing
Answers
Timothy bought a bond with a face value of $1,000. The bond term is 1 year. He bought the bond at a 5 percent discount from the face value. The bond pays 5 percent annual interest, and Timothy will receive two semiannual payments. When the bond is redeemed at maturity, the total return (profit) will be $ .00. The total return on investment will be %. (Round return on investment percentage to one decimal place.)
Answers
Answer:
100, 10.5
Explanation:
1000 x .95= 950
1000x1.05=1050
1050-950= 100
100/950= 10.5
1. When the bond is redeemed at maturity, the total return (profit) for Timothy will be $100.00.
2. The total return on investment will be 10.5%.
What is the return on bonds?The return on bonds is the profit gained from the purchase of the bonds.
The profit includes all the capital gains (discount received) and interest revenues received until maturity.
Data ad Calculations:Face value = $1,000
Purchase price = $950 ($1,000 x 1 - 5%)
Discount = $50 ($1,000 - $950)
Maturity period = 1 year
Coupon rate = 5%
Interest payment = semi-annual
Annual interest = $50 ($1,000 x 5%)
Total profit at maturity = $100 ($50 + $50)
Total return on investment = 10.5% ($100/$950 x 100)
Thus, when the bond is redeemed at maturity, the total return (profit) for Timothy will be $100.00 at 10.5%.
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Using the number on the table below determine the tax treatment to the partner who receives the distribution indicated, and then assuming the partnership has made a Section 754 election, determine the Section 734 adjustment, if any. If there is none write “None” or “N/A”
In EACH case the basis of the partner’s interest is $180,000 before the distribution.
The distribution consists of cash, a capital asset, and inventory as shown. If a column is blank then that type of asset was not distributed. The column for “Liquidating” indicates whether the distribution liquidated the partner’s interest or not.
Situation Cash Received Basis of Capital Asset Basis of Inventory Liquidating?
A 20,000 90,000 None Distributed No
B 90,000 180,000 None Distributed Yes
C 100,000 None Distributed 90,000 No
D 100,000 None Distributed 90,000 Yes
E -0- 180,000 30,000 No
Partner gain/loss. Basis to Cash. Basis to Property. Section 734 Adj (amount) if any
Answers
The tax treatment to the partner who receives the distribution illustrates that there will be sec 734 adjustments.
What is sec 734?From the complete question, it should be noted that section 734 is the distribution of partnership assets to a partner. In this case, the distributee partner gets property in exchange for liquidating the partnership interest.
In a situation whereby the partnership makes distribution and this is required, the partnership will have to increase the inside basis of the retained property by the sum of the gain that's recognized.
This is important in order to prevent the economic gain from being taxed twice.
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If the Federal Reserve uses expansionary monetary policy, then: a there is a negative short-run effect on real GDP but prices remain unchanged in the long run. b there is a positive short-run effect on the price level but the aggregate price level remains unchanged in the long run. c there is a positive short-run effect on real GDP but GDP remains equal to potential GDP in the long run. d there is a negative short-run effect on the price level but the aggregate price level remains unchanged in the long run. e there is a positive long-run effect on real GDP but GDP remains unchanged at its potential level in the short run.
Answers
Answer:
b
Explanation:
There are two types of monetary policy :
Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy
Contractionary monetary policy : these are policies taken to reduce money supply. When money supply decreases, aggregate demand falls. Increasing interest rate and open market sales are ways of carrying out contractionary monetary policy
Goals of monetary policy include
• financial market stability
• economic growth
• high employment
• price stability
When an expansionary monetary policy is carried out, the supply of money increases in the short run. thus price level increases
In the long run, due to the money neutrality argument, there is no effect
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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[Great Financial Crisis] Discuss the major factors behind the Great Financial Crisis. Give special emphasis to the transformation of banking from traditional to securitized banking. Gary Gorton states that the 2007 GFC was triggered by a ‘Run on the Repo’. Explain this in your answer. 5. [26 marks] [Electronic Cryptocurrencies] Answer both parts (a) and (b) of this question (a) In his 2009 White Paper, the inventor of Bitcoin, whose pseudonym is Satoshi Nakamoto, presented the case for a private peer-peer digital currency. Explain whether Nakamoto is justified in saying that governments and commercial banks cannot be trusted with the issuance of money. (b) Discuss what is meant by the double spend problem and proof of work in a monetary system. Briefly explain how this is solved in the setting up of a cryptocurrency such as the Bitcoin
Answers
The Great Financial Crisis (GFC) of 2007-2008 was a significant global financial crisis that had far-reaching consequences.
1. The transformation of banking from traditional to securitized banking played a major role in the GFC. Securitization involved bundling loans, such as mortgages, into complex financial instruments known as mortgage-backed securities (MBS) and collateralized debt obligations (CDOs).
2. The housing market bubble in the United States was fueled by aggressive lending practices, particularly in the subprime mortgage sector. Financial institutions extended mortgages to borrowers with low creditworthiness, often with adjustable interest rates or minimal down payments.
3. The complexity of securitized products made it challenging to accurately assess their risk exposure. Credit rating agencies played a role in assigning high ratings to these complex securities, leading investors to underestimate the risks involved.
3. Financial institutions heavily relied on borrowed money (leverage) to invest in securitized products, amplifying both potential gains and losses.
The discussion of electronic cryptocurrencies, specifically Bitcoin:
(a) Nakamoto's case for a private peer-to-peer digital currency is centered around the idea that governments and commercial banks cannot be trusted with the issuance of money.
While Nakamoto's concerns are valid to an extent, it's important to note that governments and central banks play critical roles in monetary policy, financial stability, and consumer protection.
(b) The double spend problem refers to the challenge of ensuring that a digital currency cannot be spent more than once. In a digital environment, it is possible to create copies of digital assets, making it difficult to establish ownership and prevent fraudulent activities.
The Great Financial Crisis had multiple contributing factors, including the transformation of banking to securitized banking, subprime mortgage lending, lack of transparency, excessive leverage, and interconnectedness.
Regarding electronic cryptocurrencies, Nakamoto's case for a private peer-to-peer digital currency challenges the trust placed in governments and commercial banks. The double spend problem in digital currencies is addressed through proof of work, a consensus mechanism that ensures the validity of transactions.
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