'Development is the development of man, it is human being centered'. Economic development is economic growth plus positive changes in the factors or indicators of well being of the masses. Explain economic growth and examine or discuss some of the factors or indicators of which positive changes will bring about economic growth and lead to economic development. Hints- examples of the factors or indicators include: physical capital per worker, human capital per worker, natural resources per worker, technological knowledge, savings and investment, diminishing returns and catch-up-effect, free trade and investment from abroad, quality of education and teachers per student, access to education, access to health care and quality of health care, doctors/medical personnel per citizen, quality nutrition and child malnutrition, access to clean drinking water, leisure, access to electricity, available paved roads and other infrastructures, bureaucratic corruption and integrity of public official, property rights and political stability, enforcement of contracts, access to television, computers, telephones, internet, infant mortality rates, maternal mortality rates, population growth, research and development.
In: Economics
'Development is the development of man, it is human being
centered'.
Economic development is economic growth plus positive changes in
the factors or indicators of well being of the masses. Explain
economic growth and examine or discuss some of the factors or
indicators of which positive changes will bring about economic
growth and lead to economic development.
Hints- examples of the factors or indicators include: physical capital per worker, human capital per worker, natural resources per worker, technological knowledge, savings and investment, diminishing returns and catch-up-effect, free trade and investment from abroad, quality of education and teachers per student, access to education, access to health care and quality of health care, doctors/medical personnel per citizen, quality nutrition and child malnutrition, access to clean drinking water, leisure, access to electricity, available paved roads and other infrastructures, bureaucratic corruption and integrity of public official, property rights and political stability, enforcement of contracts, access to television, computers, telephones, internet, infant mortality rates, maternal mortality rates, population growth, research and development.
In: Economics
6.(a) Suppose the Government of Canada (GOC) buys $8 million worth of equipment from private firms and pays for that purchase with cheques draw from its bank account at the Bank of Canada (BOC). After the private firms have deposited the government cheques in the commercial banking sector and the commercial banks have presented the cheques to the BOC, use a separate balance sheet for the BOC and the commercial banking sector to show the changes.
(b) In a separate transaction suppose taxpayers pay $5 million in taxes to the GOC using cheques drawn on commercial banks. After the GOC has deposited the cheques in its account at the Bank of Canada the commercial banking sector and the BOC has presented the cheques to the taxpayers’ commercial banks, use a separate balance sheet for the BOC and the commercial banking sector to show the changes.
(c) As a result of the actions in part (a) and part (b) what is the combined effect on settlement balances held by Canadian commercial banks at the BOC? Show in a balance sheet for the ****** Canadian Commercial banks. What has happened to the monetary base?
In: Economics
Contribution Margin Analysis—Sales
Select Audio Inc. sells electronic equipment. Management decided early in the year to reduce the price of the speakers in order to increase sales volume. As a result, for the year ended December 31, the sales increased by $19,100 from the planned level of $1,025,100. The following information is available from the accounting records for the year ended December 31.
| Actual | Planned | Increase or (Decrease) | ||||
| Sales | $1,044,200 | $1,025,100 | $19,100 | |||
| Number of units sold | 22,700 | 20,100 | 2,600 | |||
| Sales price | $46 | $51 | $(5) | |||
| Variable cost per unit | $8 | $8 | $0 | |||
a. Prepare an analysis of the sales quantity and unit price factors. Use a minus sign for any negative amounts.
| Select Audio Inc. | ||
| Contribution Margin Analysis—Sales | ||
| For the Year Ended December 31 | ||
| Effect of changes in sales: | ||
| Sales quantity factor | $ | |
| Unit price factor | ||
| Total effect of changes in sales | $ | |
b. Did the price decrease generate sufficient volume to result in a net increase in contribution margin if the actual variable cost per unit was $8, as planned?
In: Accounting
| Citrin Corporation reported the following information related to 20X7 and 20X8: | |||||
| 20X7 | 20X8 | ||||
| Beginning inventory | $ 634,400 | $ 530,400 | |||
| Purchases | 1,899,990 | 2,450,500 | |||
| Cost of goods available for sale | $ 2,534,390 | $ 2,980,900 | |||
| Less: Ending inventory | 530,400 | 480,000 | |||
| Cost of goods sold | $ 2,003,990 | $ 2,500,900 | |||
| Sales | $ 3,003,990 | $ 4,500,900 | |||
| Cost of goods sold | 2,003,990 | 2,500,900 | |||
| Gross profit | $ 1,000,000 | $ 2,000,000 | |||
| The 20X7 ending inventory value used in the above presentation erroneously failed to include $200,000 of goods purchased FOB shipping point. The purchase and related accounts payable were correctly recorded by Citrin Corporation. Citrin Corporation uses a periodic inventory system. | |||||
| (a) |
Prepare a corrected presentation of the above data. *PLEASE EXPLAIN WHAT CHANGES MUST OCCUR WHEN YOU SOLVE THE ERROR |
||||
| (b) |
Prepare a corrected presentation of the above data, but this time assume that the company had also failed to record the purchase before 20X8 (in addition to omitting the $200,000 from 20X7 ending inventory). *PLEASE EXPLAIN WHAT CHANGES MUST OCCUR WHEN YOU SOLVE THE ERROR |
||||
In: Accounting
Data for Tropical Enterprises? follows:
2019
2018
2017
Total Current Assets
$400,000
$300,000
$250,000
Total Current Liabilities
190,000
150,000
125,000
Compute the dollar amount of change and the percentage of change in Tropical ?Enterprises's working capital each year during 2019 and 2018. What do the calculated changes? indicate?
Begin by selecting the formula to compute the working? capital, the dollar amount of change and the percentage of change in Tropical ?Enterprises' working capital.
Working capital =__________________________________
Dollar amount of change = __________________________
Percentage of change = _________________________________
?First, calculate the amount and percentage of change in working capital in 2018. ?(Round the percentage to one decimal? place, X.X%.)
The amount of change in working capital is ________
The percentage of change in working capital is _________%
. ?Next, calculate the amount and percentage of change in working capital in 2019. ?(Round the percentage to one decimal? place, X.X%.)
The amount of change in working capital is__________ .
The percentage of change in working capital is_________ %.
What do the calculated changes? indicate?
Tropical ?Enterprises' working capital has ? -deteriorated or improved -year over year from 2017 to 2019.
In: Accounting
The real growth rate is calculated by
- The BEA adjusting the GDP for inflation
- The BEA using nominal rates to reflect the GDP
- The BLS adjusting the GDP per capita for inflation
- The BLS calculating price level changes and population changes
Productivity growth is usually an indicator of
- The possibility of inflation
- Future increases in the unemployment rate
- The decline in the health and prosperity of the economy
- The increase in the health and prosperity of the economy
What would NOT be one of the reasons for a much lower real GDP in 1905, compared with 2007?
- Productive capability in 1905 was lower than in 2007
- Fewer goods and services were available in 1905 than in 2007
- On average, there were fewer poor people in 1905 than in 2007
- Automobiles were rare in 1905, but common in 2007
By 2016, economists had drawn what conclusion about the very low productivity growth that lasted from 2005 to 2015?
- It was merely a temporary pause in otherwise strong productivity growth
- Productivity slowed because of government overregulation
- Productivity slowed because of a decrease in investment
- Productivity averaged only 1.2 percent during that time
In: Economics
Problem 1. Mitochondria may be prepared from cells and tested in cell free experiments. If supplied with pyruvate and oxygen, isolated mitochondria are capable of aerobic metabolism.
C. You as the investigator measure the energy state of the mitochondria as the ratio [NADH]/[NAD+]
1. Describe how the ratio is high and low for high and low energy charge, respectively
2. You remove the supply of oxygen. Explain how the ratio changes in response
3. You add an inhibitor of ATP synthase. Explain how the ratio changes in response
D. You as the investigator makes three measurements at the end of a test that lasts 10 min (exact time is not important). You measure 10 nmol (10-9 moles) of pyruvate consumed (this number is important). You also measure the nmol of CO2 and citrate produced.
1. Explain how 30 nmol of CO2 were produced.
2. Explain how 0 nmol of citrate were produced.
3. Based on the measurements above, predict how many nmol of acetyl-CoA were produced. Explain.
In: Biology
LG
Following is the seven-year forecast for LG: (all amounts in $000)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
| EBIT | $(1000) | $(900) | $200 | $1,200 | $2,500 | $3000 | $3,050 |
| Capital Expenditures | $550 | $350 | $200 | $175 | $175 | $160 | $150 |
| Changes in Working Capital | $400 | $300 | $200 | $100 | $100 | ($100) | ($100) |
| Depreciation | $40 | $80 | $125 | $150 | $150 | $150 | $150 |
Beginning after year 2026 the annual growth in EBIT is expected to be 1.5%, a rate that is projected to be constant over LG remaining life as an enterprise. Beginning in 2026 LG capital expenditures and depreciation are expected to offset each other (capex - depreciation = 0) and year to year changes in working capital are expected to be zero (working capital levels remain constant year over year). For discounting purposes consider 2020 as year 1.
Assume a tax rate is 21% and a cost of capital of 7.75%
Calculate the fair market value (NPV) for LG. Assume that the Net Present Value of LG free cash flow for the period 2020 - 2026 is $3000
In: Finance
Which of the "Seven QC Tools" would be most useful in addressing each of the following situations? Explain your reasoning. A copy machine suffers frequent paper jams and users are often confused as to how to fix the problem. The publication team for an engineering department wants to improve the accuracy of its user documentation but is unsure of why documents are not error-free. A bank needs to determine how many teller positions, drive-through stations, and ATM machines it needs for a new branch bank in a certain busy location. Its information includes the average numbers and types of customers served by other similar facilities, as well as demographic information to suggest the level of customer traffic in the new facility. A contracting agency wants to investigate why they had so many changes in their contracts. They believe that the number of changes may be related to the dollar value of the original contract or the days between the request for proposal and the contract award. A travel agency is interested in gaining a better understanding of how call volume varies by time of year in order to adjust staffing schedules.
In: Operations Management