Critically discuss the following statement: ""The development of the financial sector is one of the key ingredients to promote economic growth""

Answer:5,4,and1

Explanation:

Answer:

This is true

Explanation:

With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.

Answer:

Explanation:

Advantages

- Expansion can be faster because franchisees provide the labour and their sales provide the growth.

- Franchisees are responsible for their company’s success so they are more motivated

- Franchisees may be more talented at growing the business and turning a profit than employees would be

Disadvantages

- Franchisees cannot be managed as closely as employees and they may have different goals to the franchisor.

- Franchise recruitment can be slower and less efficient than employee recruitment

- Franchisors earn royalties from sales. Franchisees earn money from profits. Achieving growth in both isn’t always possible, potentially causing conflict

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Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year

Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.

A manufacturer developing a plan to increase sales by 30% is an example of operational planning.

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What happens if the beta of a stock is 1?

If a stock has a beta of 1, it will move in the same direction as the index, by about the same amount. An index fund that mirrors the S&P 500 will have a beta close to 1.

Answer:

the decreases in the real value of money held by the public caused by inflation

Explanation:

The inflation tax refers to the penalty on the cash when the inflation rise is increased. In the case when the inflation increase so the cash would become less valuable

So as per the given situation when there is a reduction in the real value of the money so it would be held by the public that can result by the inflation

Therefore the same is considered

The answer is This statement is true. A negative externality is the same thing as an external cost is true.

An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.

Those who are not directly involved in the transactions are frequently impacted by the consumption, manufacturing, and investment decisions made by individuals, households, and businesses. These incidental impacts can occasionally be slight. But, when they are significant, or what economists refer to as externalities, they can cause issues.

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A company spends $1,200 to make 400 units. If fixed costs total $200, the typical variable cost is $2.50. Here option B is the correct answer.

We need to understand the different types of costs involved in production: fixed costs and variable costs. Fixed costs are those that do not change with the level of output, while variable costs increase as output increases. The sum of fixed costs and variable costs is the total cost of production.

In this case, we are given that the firm produces 400 units of output at a total cost of $1,200, and fixed costs are $200. To find the average fixed cost, we divide the fixed costs by the level of output, which gives us:

Average Fixed Cost = Fixed Costs / Output

Average Fixed Cost = $200 / 400

Average Fixed Cost = $0.50

Therefore, option (a) is incorrect. The average fixed cost is $0.50, not $2.

To find the average variable cost, we need to subtract the fixed costs from the total cost and divide by the level of output:

Variable Costs = Total Cost - Fixed Costs

Variable Costs = $1,200 - $200

Variable Costs = $1,000

Average Variable Cost = Variable Costs / Output

Average Variable Cost = $1,000 / 400

Average Variable Cost = $2.50

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Answer:How does Hurricane Katrina illustrate the problem with insurance? It illustrates the problem with insurance because it was a wide spread disaster for many people. ... It's not like insurance companies have an unlimited supply of money so they often declined a lot of people's claims. This was often very discriminating too

Explanation:mark brainliest ineed 2 more

As the product lines involves contributing to the company's strategy by understanding how hr can provide a competitive advantage, this is known as being a strategic partner.

These are partners involves in the sharing of resources to help all involved succeed. They are usually non-competing businesses and often share both the risks and rewards of the decisions of both companies.

Most time, the ultimate goal of the strategic partnership is to create value for each company by offering information, services and other resources that the other firm either has no access to or could only access through some form  of financial exchange.

Therefore, this strategy is known as being a strategic partner.

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Answer:

ok

Explanation:

Answer:

I fulfilled management tasks of opening and closing the facility, as well as overseeing a staff of seven individuals. Throughout the day I completed various administrative duties as well, including answering phones, drafting documents and emails, filing, and greeting customers.

u can also use this if u like

I fulfilled control tasks of beginning and closing the facility, as well as overseeing a body of workers of seven people. in the course of the day I completed numerous administrative duties as properly, together with answering telephones, drafting files and emails, submitting, and greeting customers.

Explanation:

The rider that allows surviving child coverage to continue until the child reaches a specified age in the event that a parent dies or becomes disabled is the substitute insured rider.

This rider essentially replaces the insured parent with another individual who will continue to pay premiums and provide coverage for the child. The substitute insured can be a family member or a trusted individual chosen by the insured parent.

The surviving income rider is a different type of rider that provides the child with a monthly income in the event of the insured parent’s death or disability. The waiver of premium rider waives the premium payments for the policy in the event of the insured parent’s disability. The payor rider is a rider that provides coverage for the child in the event that the insured parent or payor of the policy dies or becomes disabled.

It is important to carefully consider the different riders and coverage options available when choosing a life insurance policy to ensure that your loved ones are adequately protected in the event of an unforeseen tragedy.

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The variable cost of the business is $5,100.

To determine the variable cost of a business, we need to use the formula:

Total cost = Fixed cost + Variable cost

We can rearrange this formula to solve for the variable cost:

Variable cost = Total cost - Fixed cost

Substituting the given values, we get:

Variable cost = $14,000 - $8,900

Variable cost = $5,100

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Answer:

The company's variable cost is $5,100.

Explanation:

Auditors can utilize data analytic software to design a test that identifies duplicate payments and unauthorized payments in the client's IT accounting system.

To identify duplicate payments, auditors can employ data analytic software to analyze payment records within the IT accounting system. The software can search for duplicate payment amounts, payment dates, vendor names, or invoice numbers, flagging any instances where multiple payments match these criteria. The auditors can then review these flagged payments to determine if they are genuine duplicates or if there are errors in the system that led to multiple payments.

Similarly, to detect unauthorized payments, auditors can utilize data analytic software to examine payment records for transactions that fall outside of established approval protocols or vendor lists. The software can compare payment details against authorized vendors, predetermined thresholds, or other pre-defined criteria to identify any anomalies. Any payments that deviate from the expected parameters can be further investigated by the auditors to assess the validity and authorization of the transactions.

By leveraging data analytic software, auditors can efficiently analyze large volumes of payment data, quickly identify potential issues, and focus their efforts on investigating and addressing any duplicate payments or unauthorized transactions in the client's IT accounting system.

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Answer:

Building and Construction

Explanation:

Edg

Demand elasticity is the extent to which a change in price causes a change in the quantity demanded. Prices for common vegetables tend to be elastic. Why? because other vegetables are available.

D. To increase their individual profits, members of a cartel have an incentive to charge a higher price than the other members of the cartel.

This is because by charging a higher price, they can capture a larger share of the market and earn more profits. However, this strategy only works if all the members of the cartel stick to the agreed-upon production levels and pricing strategy. If one member deviates from the agreement and increases production or lowers prices, it can undermine the cartel's pricing power and lead to a price war. Therefore, maintaining a stable cartel requires cooperation and adherence to the agreed-upon rules.

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The answer to the question is shown below.Aggregate marginal willingness-to-pay equation:MWTP = MWTPA + MWTPB + MWTPC= (100 - Q) + (210 - 2.1Q) + (240 - 2.4Q)After combining like terms, we get,MWTP = 550 - 5.7Q.

The Marginal Cost (MC) equation is given by,MC = 25 + 0.25QBy setting MC equal to MWTP, we can find the socially efficient price and quantity,25 + 0.25Q = 550 - 5.7Q6Q = 525Q = 87.5Thus, the socially efficient quantity is 87 units.Using the MWTP equation, we can find the socially efficient price, MWTP = 550 - 5.7QMWTP = 550 - 5.7(87.5)MWTP = 70.375Thus, the socially efficient price is $70.38.To find the net value, we need to calculate the area between the supply and demand curves up to the socially efficient quantity. The net value is given by,Net value = ½ (P2 - P1) (Q2 - Q1)Net value = ½ (70.38 - 25) (87.5)Net value = $2,190.94Thus, the net value of the socially efficient quantity exchanged in this market is $2,190.94. The graph is shown below:Explanation:The net value is calculated by finding the area between the supply and demand curves up to the socially efficient quantity. The socially efficient price is the price at which the MC and MWTP curves intersect. The socially efficient quantity is the quantity at which the MC and MWTP curves intersect.

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Given that Alex, Drake, and Sam are the only buyers in the market for a private good.MC function: MC = 25MWTP functions: MWTPA = 100 – QMWTPB = 210 – 2.1QMWTPC = 240 – 2.4Q1. Aggregate Marginal Willingness-To-Pay Equation: Add MWTPA, MWTPB, and MWTPC functions, MWTP = MWTPA + MWTPB + MWTPCMWTP = (100 – Q) + (210 – 2.1Q) + (240 – 2.4Q) MWTP = 550 – 5.5Q2.

Show the aggregate MWTP and MC functions in the same graph. The graph for the aggregate MWTP and MC functions is shown below: We find the intersection of the MWTP and MC curves to determine the socially efficient quantity and price. Socially Efficient Price: P = MC = $25 Socially Efficient Quantity: Q = (MWTP - MC) / 5.5Q = (550 - 25) / 5.5Q = 95.45 ≈ 95 units Net Value: Net value = (Socially Efficient Price) x (Socially Efficient Quantity) Net value = (25) x (95) Net value = $2375Therefore, the net value is $2375.

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From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000

Fees from clients: $21,600

Expenses:

Wages: $59,650

Rent: $3,120

Office expenses: $3,110

Printing and stationery: $2,480

Insurance: $3,110

Total expenses: $71,470

Net profit: $21,600 - $71,470 = -$49,870 (Loss)

Statement of Financial Position at 30 September 20-3:

Assets:

Premises: $95,000

Office equipment: $6,000

Rent receivable: $6150

Trade receivables: $6,000

Bank overdraft: $65,950

Cash: $150

Total assets: $181,250

Liabilities:

Drawings: $125,000

Capital:

Capital balance: $15,200

Total liabilities and capital: $181,250

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The best alternative is option a. If the duopolists successfully collude, they would likely agree to produce and sell the same quantity of output as the monopolist, which is 4,000 units, in order to maximize their joint profits. This would allow them to behave like a single monopolist and charge a higher price than if they were competing against each other.

If a certain market were a monopoly and the monopolist would maximize its profit by producing 4,000 units of output, then if the market were a duopoly and the duopolists successfully collude, the most likely outcome would be:
The duopolists would collectively produce 4,000 units of output, and they would share the market power and profits similar to a monopolist.
In this case, successful collusion would allow the duopolists to act like a single monopolist, setting production levels and prices to maximize their combined profits. This outcome depends on the duopolists' ability to maintain their agreement and avoid competitive behaviors that could lead to lower prices and reduced profits for both firms.

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if a certain market were a monopoly, then the monopolist would maximize its profit by producing 4,000 units of output. if, instead, that market were a duopoly, then which of the following outcomes would be most likely if the duopolists successfully collude? group of answer choices

a. each Duopolist produce 4000 units

b. each Duopolist produce 1500 units

c. one Duopolist produce 2400 units of output and other 1600 of output

d.  one Duopolist produce 3000 units of output and other 1500 of output

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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The correct statement is that Trudy's debt-to-equity ratio is 44% of his annual salary. So, the correct option that matches the quoted statement is D.

The amount of loans taken by Trudy, including the education loan, credit cards, car loan, house rent, etc. These monthly payments are calculated as $2400, $1920, $3180, $8340 annually respectively.

Hence, the correct option is D that Trudy's Debt-to-Equity ratio is 44% on an annual salary of $36,000 and such amount of loans and advances.

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The mobility of labor may increase over time due to the following:

This is the term that is used to refer to the way that workers that are within a nation are able to move in their country or in nations that are outside their own.

There are several reasons for this. When industries are growing, there would be the need for ,ore people to be hired to make up the work force in the economy. Another reason is when there are increased resources such as capital in the nation.

The mobility tells us the ease with which these workers are able to move around in the economy. This is one of the core principles of economics as it tells us the way that Labor is able to affect growth in the economy as well as the production of goods and services.

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The 95% confidence interval for the average daily time spent studying is approximately 75 ± 3.20 minutes.

The 95% confidence interval for the average daily time spent studying, based on the survey conducted by the undergraduate advising office at the College of Business, can be calculated using the provided information.

The formula to calculate the confidence interval for a population mean when the population standard deviation is known is:

Confidence Interval = Sample Mean ± (Z * (Standard Deviation / √Sample Size))

In this case, the sample mean is 75 minutes, the standard deviation is 20 minutes, and the sample size is 150. The critical value for a 95% confidence level can be determined using a Z-table or calculator. Assuming a Z-value of 1.96 (for a 95% confidence level), we can calculate the confidence interval as follows:

Confidence Interval = 75 ± (1.96 * (20 / √150))

Simplifying the equation:

Confidence Interval = 75 ± (1.96 * 1.63299)

Thus, the 95% confidence interval for the average daily time spent studying is approximately 75 ± 3.20 minutes.

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The entry must reflect the cash account as an increase and the petty cash account as a non-increase.

A general journal is a bookkeeping ledger that helps to track and record financial transactions made by a company.

Petty cash funds are the small amount of cash a business has set aside for miscellaneous expenses. The establishment of a petty cash fund is usually made through a check, which is recorded as follows:

The transaction on January 2, 20X1, would be recorded in the General Journal as follows:

Accounts Debit Credit Petty Cash $250Cash in Bank $250

To establish a petty cash fund, the blue legal clinic issues a check for $250. The cash account in the general ledger reflects the check, but the petty cash account does not, because there is no change to the balance of the petty cash account.

Hence, the entry must reflect the cash account as an increase and the petty cash account as a non-increase. It can be accomplished by debiting the Petty Cash account and crediting the Cash in Bank account.

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Substantive analytical procedures would be used for auditing the Office Supplies account, as it is considered low-risk. These procedures involve analyzing trends, ratios, and relationships to assess the reasonableness of the recorded amount, without extensive testing.  

For the audit of Office Supplies, a substantive analytical procedure would be used. This involves analyzing the account balance and related transactions to assess the reasonableness and accuracy of the recorded amount. Since Office Supplies are considered a low-risk account with a low likelihood of material misstatement, substantive analytical procedures provide sufficient assurance without the need for extensive testing.

In this procedure, the auditor would review the trends, ratios, and relationships related to Office Supplies. They would compare the current year's balance to prior years, industry benchmarks, or other relevant data to identify any significant fluctuations or anomalies. They may also consider the company's purchasing patterns, usage rates, and internal controls over Office Supplies.

By performing substantive analytical procedures, the auditor can gain reasonable assurance regarding the accuracy and completeness of the Office Supplies account without incurring excessive time and cost. This approach is suitable for low-risk accounts where the likelihood of material misstatement is minimal.

References:

1. Arens, A., Elder, R., Beasley, M., & Splettstoesser-Hogeterp, I. (2019). Auditing and Assurance Services: An Integrated Approach. Pearson.

2. Louwers, T. J., Ramsay, R. J., Sinason, D. H., Strawser, J. R., & Thibodeau, J. C. (2015). Auditing & Assurance Services. McGraw-Hill Education.

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