Think about the products that you have purchased recently. Were they a want or a need? Could you have purchased a "lessor" product? (Example: A Coach purse or a TJ-Maxx purse). Why do people "feel" like they need to purchase name brand or extravagant products. (Ex. Mercedes, Starbucks, Gucci, etc.) Comment on income levels and the substitution effect? Does the amount of disposable income really matter? (In other words, once your necessities (food, water, shelter, clothes, insurance, cell phone, etc. are paid, do you "need" to buy anything else (concert tickets, a new purse, a collectible, etc?

Comment on the description of the Lorenz Curve? Is this okay? Which type of tax system are you in favor of and why? (progressive, proportional (flat), or regressive) Which is the best and why? Should we penalize a person because the market pays them a certain wage that is higher than the norm? (Ex: professional athlete, movie star, doctor, CEO, etc.) Why or why not?

Thank you!

The Australian economy is "weak",with households weighed down by slow wages growth and higher taxes,the OECD has declared in a report that backs lower interest rates,calls for more government spending and paves the way for unconventional monetary policies.In its six-monthly review of the global economy,the Paris-based think tank has sharply downgraded its expectations for Australia while raising serious concerns about the level of debt being carried by households.

The Morrison government this week announced $3.8 billion of infrastructure projects would be pulled forward or given additional funding over the next four years. The decision followed calls from the Reserve Bank of Australia (RBA),which has sliced official interest rates to a record low 0.75 per cent,for a lift in public spending plus productivity-enhancing structural reforms.

But economists have warned the new spending will equate to less than 0.1 per cent of gross domestic product (GDP),arguing much more needs to be done to get the economy growing fast enough to bring down the national unemployment rate.

The Organisation for Economic Co-operation and Development (OECD),which noted the global economy was now growing at its slowest rate since the global financial crisis,said it expected Australian GDP to expand by 2.3 per cent this year and next,well short of the federalgovernment's forecast.

It also expects private consumption,which accounts for about 60 per cent of total economic activity,to barely grow faster than inflation over the next two years.In March,the OECD was expecting unemployment to start edging down. It has now lifted its forecasts,tipping unemployment to average 5.3 per cent in 2020.Economic activity has been weak," the OECD said about Australia. "Private consumption spending has been sluggish,weighed down by slow wage growth and an increase in taxes paid by households."

While the government has argued its recent tax cuts will help households offset slow wages growth,the OECD and other organisations such as the RBA have noted overall tax levels are increasing as the budget returns to surplus.

Research this week from National Australia Bank found Australian household debt was now at a record high of 202 per cent of annual income.The OECD said high household indebtedness could "exacerbate" any economic shock that hit Australia.

It said with the RBA likely to cut interest rates further,which in turn could feed into a lift in house prices,lending standards might have to be tightened to protect households.

"High household indebtedness means that the authorities should stand ready to tighten macro- prudential policy settings if lower interest rates fuel house price inflation through a sharp pick- up in credit," the OECD found.While expecting further rate cuts,the organisation said the Morrison government should "loosen fiscal policy" to help get the economy growing faster.

"Fiscal policy is expected to provide little support to economic growth,in accordance with the federal government's commitment to future budget surpluses," it said. "A more expansionary fiscal stance may be warranted given that the economy is growing well below its potential and the relatively low public debt burden.

"At the same time,growth-enhancing tax reforms should be prioritised. These include shifting the tax mix away from direct taxes and inefficient taxes like real estate stamp duty to the GST and land taxation."Treasurer Josh Frydenberg said the nation's economic fundamentals remained sound,with the country now in its 29th consecutive year of growth.

He said there were "headwinds",particularly due to trade policy tensions that have hit confidence and business investment globally since May,but "the government's focus on productivity-enhancing reform will ensure our economy remains resilient".

"The international challenges are a stark reminder of why we must stick to our economic plan which has delivered lower taxes so you can keep more of what you earn,more infrastructure to boost productivity and which will return the budget back to surplus so we can meet the challenges that lie ahead," he said.

Question：Consider the statement,“In March,the OECD was expecting unemployment to start edging down. It has now lifted its forecasts,tipping unemployment to average 5.3 per cent in 2020.”If the unemployment rate increases,what are the costs to an economy? How does it compare with the natural rate of unemployment? （word limit: 200-300)

Question 2 Bank Reconciliation

The Duluth Manufacturing Company has a business chequing account at the Bank of Ontario. The bank provides a bank statement and cancelled cheques once a month. The cut-off date is the last day of the month. The bank statement for the month of May is summarized as follows:

Balance, May 1, 2016                                          $32,120

       Deposits                                               82,140

       Cheques processed                                       (78,433)

       Service charges                                       (80)

       NSF cheque from customer                                              (2,187)

       Note payment collected by bank (includes $120 interest)          1,120

Balance May 31, 2016                                                $34,680

The company’s general ledger cash account has a balance of $35,276 at the end of May. A review of the company records and the bank statement reveals the following:

1. Cash receipts not yet deposited total $2,965.

2. A deposit of $1,020 was made on May 31 that will not be credited to the company’s account until June.

3. All cheques written in April have been processed by the bank. Cheques written in May that have not been    processed by the bank total $5,536.

4. A cheque written for $1,790 was incorrectly recorded by the company as a $790 disbursement. The original Accounts Payable was $1,790.

Required:

a. Prepare the bank reconciliation for the month of May.

b. Prepare the journal entries required to adjust the general ledger cash account to actual.

Legend Service Center just purchased an automobile hoist for $37,200. The hoist has an 8-year life and an estimated salvage value of $3,400. Installation costs and freight charges were $2,600 and $800, respectively. Legend uses straight-line depreciation. The new hoist will be used to replace mufflers and tires an automobiles. Legend estimates that the new hoist will enable his mechanics to replace 5 extra mufflers per week. Each muffler sells for $72 installed. The cost of a muffler is $37, and the labor cost to install a muffler is $15.

(a) Compute the cash payback period for the new hoist. Cash payback period = _______ YEARS

(b) Compute the annual rate of return for the new hoist. (Round answer to 2 decimal places, e.g. 10.529.)

Annual rate of return = ________

A 3.4 kg box rests on a 17 degree inclined plane. How much of its weight is pulling it down the ramp? How much of its weight is directed perpendicularly to the ramp?

----------USING JAVA-----------

Your objective is to beat the dealer's hand without going over 21.

• Cards dealt (randomly) are between 1 and 11.
• You receive 2 cards, are shown the total, and then are asked (in a loop) whether you want another card.
• You can request as many cards as you like, one at a time, but don't go over 21. (If you go over 21 it should not allow you any more cards and you lose)
• Determine the dealer's hand by generating a random number between 1 and 11 and adding 10 to it.
• Compare your hand with the dealer's hand and indicate who wins (dealer wins a draw)

Thank you!

Please show working and explanation for me.

You are valuing an investment that will pay you $17,000 per year for the first ten years, $35,000 per year for the next ten years, and $48,000 per year the following ten years (all payments are at the end of each year). If the appropriate annual discount rate is 9.00%, what is the value of the investment to you today (in whole number)?

"The authors of the course textbook, American Government and Politics, describe deliberation as 'reasoning on the merits of public policy, searching for the public interest or common good.' What are three features of American government that contribute to deliberative democracy?"

The key challenges associated with the use of social media by organizations when communicating with stakeholders? Give some examples

The number of goods sold by “The Local” is in excess of one million per year with deliveries being about 40% of that figure. The amount of goods sold has decreased marginally in recent years. “The Local” is wholly owned but Bianca and her staff have a standard of living to maintain so there is some pressure to raise overall sales whilst keeping costs, particularly delivery costs, in check.     Bianca continues: It is your job to use the sample data from last year’s overall sales to do some statistical analyses and interpretations, investigating what the current overall sales of the business are and providing insights that will guide future business decisions.

Below is last years overall sales vs deliveries data.

1. Please identify the qualitative and quantitative discrete, continuous varibles?

2. Is it cross sectional or time series data?

3. How do you calculate z scores and which are outliers?

4. How do you calculate the covariance and correlation and what does it mean?

1. What are alaska air groups earnings per share amounts disclosed on the income statement for the most recent year? What dilutive securities are discussed in the footnotes? Please identify and describe other examples of dilutive securities. How do these impact earnings per share?