Personal Finance and New Technologies

Over the past decade, financial technology — widely referred to as FinTech — has grown primarily due to growing Internet access worldwide and the emergence of smartphones and apps.

Saudi Arabia is a pioneer when it comes to technology penetration in the region. The usage of technology in Saudi Arabia is advanced, whether in retail banking, cash management or corporate. Using financial technology improves the quality of the banking experience among clients. It influences the speed and accuracy of the experience. Technology makes products more reachable to clients. The introduction of FinTech will increase the Islamic finance customer base, which is roughly 100 million today, to 250 million by 2020.

Word Limit: 1500 - 2000 words

"In a very real sense, freedom of association is the foundation of the collective bargaining process. There must also be legal protection of the freedom of person to join a collective bargaining entity - this is what freedom of association is all about" Do you agree with the above quotation? Motivate your answer with reference to the protection of freedom of association of employees.

Think of a large industrial firm or retailer in your region(Canada) that has recently closed down (or is at risk of closing). What are some of the reasons for its closure? How are these related to the globally interconnected economy?

don't write about target and or Jet airways ..

In 2010, Apple wanted to lower the price of down‐loading TV shows from iTunes from $ 1.99 to $ 0.99. But Apple had to get permission from, and convince, the management of the networks with whom they share the revenue from each download. Apple argued that lowering the price would benefit both Apple and the networks. Managers at the networks disagreed, and wanted the price kept at $ 1.99. a. What did Apple believe about the price elasticity of demand for downloaded shows? b. What did the networks believe about the price elasticity of demand for downloaded shows?

Watkins Technology is purchasing computer software at a cost of $23,000. They are putting a down payment of $3,000 and will borrow the remainder. They will amortize the loan for the software in equal 48 monthly installments at an interest rate of 14%. Prepare an amortization schedule for the first two payments. SHOW ALL WORK!

The following transactions were completed by Hobson Inc., whose fiscal year is the calendar year: 2010 July 1. Issued $18,000,000 of five-year, 10% callable bonds dated July 1, 2010, at an effective rate of 12%, receiving cash of $16,675,184. Interest is payable semiannually on December 31 and June 30. Oct. 1. Borrowed $400,000 as a 10-year, 7% installment note from Marble Bank. The note requires annual payments of $56,951, with the first payment occurring on September 30, 2011. Dec. 31. Accrued $7,000 of interest on the installment note. The interest is payable on the date of the next installment note payment. 31. Paid the semiannual interest on the bonds. 31. Recorded bond discount amortization of $132,482, which was determined using the straight-line method. 31. Closed the interest expense account. 2011 June 30. Paid the semiannual interest on the bonds. Sept. 30. Paid the annual payment on the note, which consisted of interest of $28,000 and principal of $28,951. Dec. 31. Accrued $6,493 of interest on the installment note. The interest is payable on the date of the next installment note payment. 31. Paid the semiannual interest on the bonds. 31. Recorded bond discount amortization of $264,964, which was determined using the straight-line method. 31. Closed the interest expense account. 2012 June 30. Recorded the redemption of the bonds, which were called at 97. The balance in the bond discount account is $794,888 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) Sept. 30. Paid the second annual payment on the note, which consisted of interest of $25,973 and principal of $30,978. Instructions 1. Journalize the entries to record the foregoing transactions. 2. Indicate the amount of the interest expense in (a) 2010 and (b) 2011. 3. Determine the carrying amount of the bonds as of December 31, 2011.

1. Describe the effects of each of the following events on the US economy (i.e. What may happen to the price? To the real output?). Explain briefly what cause these effects (i.e. What happens to determinants of AD or AS or both? Why? ).Illustrate your answers in given AD-AS diagrams. Label your diagrams and changes carefully.

1. Potential middle-east war pushed the price of oil higher.

b. Technology innovation results in a more efficient production method of goods.

c. Stock market crash in the early 2000s wiped out a significant amount of wealth of American households.

The CAL Company maintains a perpetual inventory system. The following information is available related to its December 31, 2020 year end: 1. Inventory costing $5,500 was received on December 20, 2020, on consignment from PPC. No journal entry has been made. 2. An invoice for $2,500, terms f.o.b. shipping point, was received and entered on December 30, 2020. The receiving report shows that the inventory was received on January 4, 2021, and the bill of lading shows that the inventory was shipped on January 2, 2021. 3. An invoice for $1,800, terms f.o.b. destination, was received and entered on January 2, 2021. The receiving report shows that the inventory was received on December 28, 2020.

Required: Prepare any correcting journal entries that are required at December 31, 2020, assuming that the books have not been closed. If no correction is needed, explain why

2. Construct an ensemble to represent a closed system of 10 elementary magnets (that can point only up and down, corresponding to magnetic moments ±m) in an external magnetic field B, each system with energy -8mB. Show all systems in the ensemble.