Bina Memories
Bina Memories is a small family photography business. The business has a good reputation for high-quality photos and enjoys long-standing arrangements with many schools for the provision of school photos. Bina Memories has traditionally used a small accounting package to manage its operations, with Make Your Business Profitable ‘MYBP’ being the package currently in use. Recently, however, a few of the staff in the administration team have complained that MYBP has become slow in processing transactions. The computer that runs the program is also fast approaching its capacity, having not been updated for several years and now also handling some of the business’s digital image requirements.
As a result of the strained system, Bina Memories is considering the possibility of an upgrade. However, it is concerned that should it go ahead with an upgrade, it would have to employ a programmer to develop its new system, as well as a full-time IT specialist to keep the system running. It is also unsure of what needs to be done in managing the systems development process.
One of the things particularly troubling Mr. Cotton, the part-owner of Bina Memories, is the possibility of investing capital now and having to do it again in a couple of years’ time as technology changes. However, he does not mind spending a large sum now if the system is a long term answer, since as Cotton himself said, ‘Once the system is acquired then the business can get back to normal and do what it does best – take photos – without having to spend money on IT.’
In light of the details you have about Encosta Memories, prepare for a discussion in relation to the following questions:
(a) How correct is Cotton’s statement
that: ‘Once the system is acquired then the business can get back
to normal and do what it does best — take photos — without having
to spend money on IT’? Explain your reasoning.
In: Accounting
A borrower on a conventional mortgage makes a 25% down payment. With that amount of down payment, she will be required to obtain ________.
A. FHA insurance
B. VA
insurance
C. private mortgage
insurance
D. GNMA payment
guarantees
E. none of the
above
In: Operations Management
A dress is marked down 15%, and then it is marked down 25% from the discounted price. By what percent is the dress marked down from the original price after both discounts? Show all work. Why is the discount not equal to 40% off of the original price?
In: Statistics and Probability
A battery of EMF 10 V and internal resistance 3 Ω is connected to a resistor. If the current in the circuit is 0.5 A, what is the resistance of the resistor? What is the terminal voltage of the battery when the circuit is closed?
In: Physics
which of the following accounts is not closed at the end of the accounting period
a. depreciation expense
b. deferred service revenue
c. sales
d. cost of good sold
In: Accounting
There is a decrease in income in a closed economy. Derive the impact of the decrease in income on the credit market and money market assuming flexible prices. Determine the impact on the equilibrium expected real rate of interest and the price level. Also determine the impact on equilibrium savings, investment, and real balances. You must use graphs to receive full credit.
In: Economics
6
Suppose a closed economy with no government spending or taxing initially. Suppose also that intended investment is equal to 200 and the aggregate consumption function is given by C = 200 + 0.50Y. And suppose that, if at full employment, the economy would produce an output and income of 3200
By how much would the government need to raise spending (G) to bring the economy to full employment?
7
Suppose a closed economy with no government spending which in equilibrium is producing an output and income of 2000. Suppose also that the marginal propensity to consume is 0.80, and that, if at full employment, the economy would produce an output and income of 3650
By how much would the government need to cut taxes (T) to bring the economy to full employment?
In: Economics
For a closed economy – i.e. an economy in which there are no international transactions – GDP is $12 trillion, consumption is $7 trillion, taxes are $3 trillion, and the government runs a deficit of $1 trillion. (Assume transfer payments are zero.)
a) It follows that private saving is ________.
b) National saving is __________.
In: Economics
Prove that a subspace of R is compact if and only if it is closed and bounded.
In: Advanced Math
The clarinet is an instrument with a closed end at one end (by the reed) and an open end at the other.
(a) The clarinet has a length of 60 cm. What is the fundamental frequency of the clarinet if simply played as a tube like this?
(b) A clarinet has a register key which allows its third order harmonics to be played. What frequency sound would this produce? Sketch the pressure variations of the third order harmonic in the clarinet, indicating which end is the reed.
3. (c) A flute is about as long as a clarinet, yet a flute typically plays higher notes than the clarinet does. A flute is open at both ends. Explain why the pitch of the flute is typically higher than that of the clarinet.
In: Physics