For this question below, please note that you will use a different policy tool to fix the economy in each of the parts (b), (c) and (d). Here is the question below. There are 4 parts. Show all your calculations!
The country has a total population of 79 million. The labour force in the country amounts to 47 million people.
The current unemployment rate is 3.95%. The natural rate of unemployment is 4.2%.
The marginal propensity to consume is 0.75.
The current reserve ratio, which is applicable to all banks, is 6%. All banks tend to hold excess reserves of 3%.
The current GDP deflator is 117.
The current level of the consumer price index is 109.
The intercept of the consumption function is 5200.
The level of government expenditure is 6000.
Potential GDP is at 43,000.
Fixed taxes are at 3000.
The economy is a closed economy.
The level of investment is 2500.
Transfer payments are at 3000.
(a) Using your macroeconomic knowledge, calculate the GDP gap in this economy and identify whether the economy is in a recessionary or inflationary gap.
(b) Now fix the economy using government expenditure as your policy tool.
(c) Now fix the economy using fixed taxes as your policy tool.
(d) Now fix the economy using monet
Answers
(a) The GDP gap is 43,000 - Current GDP, and it indicates whether the economy is in a recessionary or inflationary gap.
(b) The required change in government expenditure is the GDP gap divided by the expenditure multiplier.
(c) The required change in fixed taxes is the GDP gap divided by the tax multiplier.
(d) The required change in reserves is the excess reserves ratio multiplied by the change in deposits, where the change in deposits is the GDP gap divided by the money multiplier.
(a) The GDP gap can be calculated by subtracting the potential GDP from the current GDP. The GDP gap in this economy is (Current GDP - Potential GDP) = (43,000 - Current GDP). If the result is positive, it indicates an inflationary gap, and if it is negative, it indicates a recessionary gap.
(b) To fix the economy using government expenditure as a policy tool, we can calculate the required change in government expenditure by using the expenditure multiplier. The expenditure multiplier is calculated as 1 / (1 - Marginal Propensity to Consume). The required change in government expenditure is equal to the GDP gap divided by the expenditure multiplier.
(c) To fix the economy using fixed taxes as a policy tool, we can calculate the required change in fixed taxes by using the tax multiplier. The tax multiplier is calculated as - Marginal Propensity to Consume / (1 - Marginal Propensity to Consume). The required change in fixed taxes is equal to the GDP gap divided by the tax multiplier.
(d) To fix the economy using monetary policy, we can adjust the reserve ratio. The required change in reserves is equal to the excess reserves ratio multiplied by the change in deposits. The change in deposits can be calculated by dividing the required change in GDP by the money multiplier, which is calculated as 1 / (reserve ratio + excess reserves ratio).
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Related Questions
Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term
Answers
The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.
What is time-based goal?
Time-based goal can be described as the goal that is been focused so that it can be achieved on a target date, it involve focusing on a particular thing at a time so as to be successful in it.
In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.
Therefore, option B is correct.
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A __________ is an effort or strategy to achieve a goal or a solution to a problem that is not readily apparent. A. Concept B. Schema C. Subgoal D. Prototype.
Answers
Answer: A. Concept
Explanation: The correct option is A ( Concept ) as
* Option B has Schema which means it’s just a representation of a plan in a model form.
* Option C is not correct because Subgoal means a goal or target which needs to be achieved to complete a larger goal or target.
* Option D is also not correct because Prototype means something of the first or initial type which can develop into other forms or types in future.
So the correct option for the answer is “ A”
A concept serves as an effort or strategy to achieve a goal or a solution to a problem that is not readily apparent.
What is a concept?
Concepts can be regarded as abstract ideas. they do serves as the fundamental building blocks in which principle lies on.
It should be noted that it play important role in all aspects of cognition.Therefore, concept is needed for thoughts and beliefs
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Ami cut 6 and three-fourths inches off a long roll of paper. If the roll is now 36 and one-third inches long, how long was the original roll of paper? Write an equation and solve it to find the answer. 29 and StartFraction 7 Over 12 EndFraction inches 30 and StartFraction 7 Over 12 EndFraction inches 42 and StartFraction 1 Over 12 EndFraction inches 43 and StartFraction 1 Over 12 EndFraction inches
Answers
Answer: 43 1/12 inches
Explanation:
Since Amy Ami cut 6 3/4 inches off a long roll of paper and the roll is now 36 1/3, the length of the original roll of paper will be:
= 6 3/4 + 36 1/3
Note that the LCM of 4 and 3 is 12.
= 6 3/4 + 36 1/3
= 6 9/12 + 36 4/12
= 42 13/12
= 43 1/12 inches
Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to increase the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665
Answers
Answer:
B. 466
Explanation:
All you need to do is take the net income and multiply it with the percentage of the clothing budget. Since the budget for clothing is brought down from 10% to 7% the equation becomes:
\(6654(0.07)=465.78\)
Answer:
I believe that the answer is B
Explanation:
What is the simplest layout for a cover letter? I need one for a resume but I don`t know how to write one.
No links and please don`t answer if you don`t know. Thank you!
Answers
Answer:
This is a short and direct template I used to get my job, and it works pretty well.
Explanation:
Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. She is not sure how much money she has in her checking account. Which method of payment should she use to be financially responsible?
She should pay by telephone with her debit card.
She should pay with a debit card.
She should pay with a credit card.
She should pay with a check.
Answers
Answer:
c. She should pay with a credit card.
Explanation:
Credit cards are basically loans that the banks give to the customer to use and pay back before the due date.
Now if Sean's mother does not know how much money she has, she must use the credit card because to be financially responsible and pay the type services their due amount.
Later she can check her account details and make payments to the bank as per requirement.
Explanation:
The most financially responsible option for Sean's mother would be to pay with a debit card. The correct option is B.
Why debit card is better than cash?You can carry out purchases using a debit card rather than scrambling for cash, looking through your pockets or handbag for exact change, writing a check, or visiting an ATM. It's also more convenient than ever thanks to the increase in companies accepting debit card payments.
This is because a debit card transaction deducts the payment directly from her checking account, so she can only spend the money she actually has available. This can help her avoid overspending or going into debt.
Paying by telephone is also a convenient option, but it is important for Sean's mother to make sure she is using a secure and trusted payment system to protect her personal and financial information.
Using a credit card or writing a check are also options, but they may not be as financially responsible in this situation. With a credit card, Sean's mother would be borrowing money and may incur interest charges if she doesn't pay the balance in full. Writing a check may take longer to process and may not be accepted by all tire shops.
Thus, the ideal selection is option B.
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Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. The doctors say that Mr. Jacob will live for about six months. A day after the will is written, Silvia wishes to transfer her expected inheritance to her son, Jacob Jr. This assignment will be ________.
Answers
Answer:
Invalid
Explanation:
Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.
With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.
Cheers
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answers
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
Price elasticity of demand for d1= -3. 60 yolanda
Answers
Demand is elastic at the midpoint of a linear demand curve. Four demand curves are shown in Figure 5.5, "Demand Curves with Constant Price Elasticities," where the price elasticity of demand is constant throughout. In Panel (a), the demand curve is vertical.
This implies that variations in price have no impact on the quantity sought. Equation 5.2's formula for the price elasticity of demand (% change in amount demanded) has zero as its numerator. In this situation, the demand curve is referred to as being perfectly inelastic since the price elasticity of demand is equal to zero. In essence, the minus sign is disregarded since it is anticipated that the connection between amount demanded and price will be negative (inverse).
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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day.
To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
Answers
The tax had a negative impact on the hotel industry in Smalltown, but generated revenue for the government. This highlights the trade-offs involved in taxation and the importance of carefully considering the potential impacts of policy changes.
We can use the information provided to calculate the total revenue generated by hotel room rentals before and after the tax is imposed.
Before the tax is imposed:
Number of rented rooms = 900
Price per room = $80
Total revenue = 900 * 80 = $72,000
After the tax is imposed:
Number of rented rooms = 800
Price per room = $85 ($80 + $15 tax)
Total revenue = 800 * 85 = $68,000
We can see that the total revenue generated by hotel room rentals decreased after the tax was imposed. Although the price per room increased, the decrease in the number of rooms rented more than offset the increase in price. This is an example of how taxes can impact the behavior of consumers and businesses.
It's important to note that while the total revenue decreased, the government still generated revenue through the tax. The total tax revenue can be calculated as follows:
Number of rented rooms = 800
Tax per room = $15
Total tax revenue = 800 * 15 = $12,000
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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
What will be the impact on tax?
One strategy U.S. manufacturers have employed in order to become more competitive is
Multiple Choice
increasing advertising budgets.
creating technology foreign manufacturers depend on to increase effectiveness and efficiency.
focusing on providing the lowest-priced products.
maintaining a distance relationship with suppliers in an effort to guard trade secrets.
Answers
Answer:
creating technology foreign manufacturers depend on to increase effectiveness and efficiency.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.
Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.
One strategy U.S. manufacturers have employed in order to become more competitive is creating technology foreign manufacturers depend on to increase effectiveness and efficiency.
This ultimately implies that, U.S. manufacturers will have to continue to be innovative so as to improve, strengthen or fortify their manufacturing base in the future.
Additionally, U.S. manufacturers will have to be reliant on advanced technology and an interconnected network (internet) to unite various companies in order to become more competitive.
From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.
Answers
Answer:4
Explanation:The total in 4 months would equal 360
4 months will it take you to save enough money to buy your North Face jacket.
Saving per month based problem;What information do we have?
Amount save per paycheck = $45
Amount of jacket = 350 (Missing data)
Amount save per month = 2 × Amount save per paycheck
Amount save per month = 2 × 45
Amount save per month = $90
Number of months need = 350 / 90
Number of months need = 3.88
Number of months need = 4 months
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Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?
Answers
Answer:
The accountant federation
Due to mismanagement, Pakistan Steel Mills is currently over levered with a debt to capital ratio of 80% and a pre-tax cost of debt of 8%. Management of Pakistan Steel Mills is considering a restructuring that will reduce the company's debt to capital ratio to 40% and its pre-tax cost of debt to 6%.
Current:
Debt/(Debt+Equity) = 80%
Cost of Debt (pre-tax) = 8%
Cost of Equity = 24.10%
Recapitalised:
Debt/(Debt+Equity) = 40%
Cost of Debt (pre-tax) = 6%
Cost of Equity = ?
If the marginal tax rate is 25%, the risk-free rate is 2.5%, and the equity risk premium is 6%, estimate the cost of capital after the restructuring.
Answers
The estimated cost of capital after the restructuring is 10.82%.
Using the MM Proposition II with taxes, we need to first calculate the Cost of unlevered equity;
Cost of unlevered equity = (Cost of levered equity+cost of debt*D/E*(1-tax rate))/(1+D/E*(1-tax rate))
Cost of unlevered equity = (24.10% + 8%*80%/20%*(1-25%)) / (1+80%/20%*(1-25%))
Cost of unlevered equity = 12.03
Cost of levered equity = Cost of unlevered equity + (Cost of unlevered equity-Cost of debt)*D/E*(1-tax rate)
Cost of levered equity = 12.03% + (12.0250%-6%)*40%/60%*(1-25%)
Cost of levered equity = 15.04%
Cost of capital (WACC) =40%*6%*(1-25%)+60%*15.0375%
Cost of capital (WACC) = 0.018 + 0.090225
Cost of capital (WACC) = 0.108225
Cost of capital (WACC) = 10.82%
In conclusion, the estimated cost of capital after the restructuring is 10.82%.
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Responsibilities
Research and list down all the duties, daily tasks, and responsibilities of the following:
1) Executive Housekeeper
2) Housekeeper
3) House Person
4) Laundry
Tasks:
Prepare a simple organizational chart of the housekeeping department
What is the importance of the Housekeeping Department in the whole hotel organization?
How does Housekeeping work with the Front Desk?
In your own words, describe the role of the housekeeping department?
Answers
Executive Housekeeper: Overseeing the entire housekeeping department and ensuring smooth operations. Developing and implementing cleaning procedures and standards.
Managing and training housekeeping staff.
Maintaining inventory and ordering supplies.
Inspecting rooms and public areas for cleanliness and maintenance issues.
Coordinating with other departments to ensure guest satisfaction.
Handling guest complaints and resolving issues.
Budgeting and financial management for the housekeeping department.
Ensuring compliance with health and safety regulations.
Housekeeper:
Cleaning and maintaining guest rooms, bathrooms, and public areas.
Making beds, changing linens, and replenishing amenities.
Vacuuming, mopping, and dusting surfaces.
Removing trash and recycling.
Reporting maintenance issues and damages.
Assisting guests with requests and providing exceptional service.
Adhering to cleaning procedures and standards.
Ensuring compliance with health and safety guidelines.
House Person:
Assisting housekeepers with heavy lifting and tasks that require physical strength.
Delivering supplies and linens to the housekeeping staff.
Emptying trash and recycling bins.
Cleaning and maintaining storage areas and equipment.
Assisting with special cleaning projects.
Providing support to housekeepers as needed.
Laundry:
Operating laundry equipment and machinery.
Sorting, washing, drying, and folding linens and towels.
Ensuring cleanliness and proper maintenance of laundry equipment.
Keeping track of inventory and restocking supplies.
Inspecting laundered items for quality control.
Coordinating with the housekeeping department to fulfill linen and towel requirements.
Organizational Chart of the Housekeeping Department:
Please note that the chart is best represented visually, but here is a simplified text representation:
Executive Housekeeper
Housekeepers
House Persons
Laundry Staff
Importance of the Housekeeping Department:
The Housekeeping Department plays a crucial role in the whole hotel organization for several reasons:
Guest Satisfaction: Clean and well-maintained rooms and public areas contribute to guest satisfaction and a positive guest experience.
Health and Safety: The department ensures cleanliness and hygiene standards are met, providing a safe and healthy environment for guests and staff.
Image and Reputation: A well-kept and clean hotel creates a positive image and enhances the hotel's reputation among guests.
Efficiency and Operations: The department ensures efficient and smooth operations by coordinating with other departments and maintaining proper inventory and supplies.
Revenue Generation: Clean and attractive rooms contribute to repeat business and positive word-of-mouth recommendations, ultimately leading to increased revenue for the hotel.
Housekeeping's Collaboration with the Front Desk:
The Housekeeping Department works closely with the Front Desk in the following ways:
Room Status Communication: Housekeeping informs the Front Desk about the availability of clean and vacant rooms for check-in and notifies them when rooms are ready.
Guest Requests: The Front Desk conveys guest requests and special instructions to Housekeeping, ensuring that guest preferences are met.
Problem Resolution: Housekeeping addresses any cleanliness or maintenance issues reported by guests, and the Front Desk assists in resolving guest complaints or concerns related to housekeeping services.
Guest Check-Out: Housekeeping coordinates with the Front Desk to ensure rooms are promptly cleaned and prepared for new arrivals after guests check out.
Role of the Housekeeping Department:
The housekeeping department is responsible for maintaining cleanliness, order, and hygiene throughout the hotel premises. It ensures that guest rooms, public areas, and facilities are clean, well-maintained, and aesthetically pleasing. The department plays a vital role in creating a comfortable and welcoming environment for guests, contributing to their satisfaction and overall experience. Additionally, the housekeeping department collaborates with other departments, such as the Front Desk and Maintenance
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Garett researched a career he is interested in. He found that the career requires an endorsement from a professional,
nongovernment organization that assesses workers. Based on his research, Garett will need a(n)
for this career.
Answers
Garett will require a qualification for this vocation, according to the provided statement.
Why do we evaluate?Children and adolescents are assessed to determine what they know, comprehend, and are capable of doing. Assessment is crucial for monitoring progress, determining future steps, reporting, and integrating parents, kids, and teenagers in the learning process.
How do you evaluate someone?There are multiple different ways to go about assessing a person's personality, and there is debate concerning many of the procedures and methodologies that are frequently employed. Interviews, attitude scales, self-reports, personality questionnaires, projective methods, and behavioral observation are a few examples of these evaluations.
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Answer:
qualification
Explanation:
edge 2023
ECONOMICS EVERFI QUESTION When comparison shopping, all of these hint at a good deal EXCEPT_____________________. lower-priced models offer more features. there is a coupon available for additional percentage off the price. the sale price is the cheapest available. there are more positive customer reviews than negative reviews.
Answers
Answer:
the sale price is the cheapest available.
Explanation:
Comparison shopping is the practice or nature of shopping where one compares the price of an item different sources which the individual wishes to purchase. This is done in advance before the actual purchase or shopping. It is done to achieve the best deal in price.
Comparison shopping is ideal or beneficial when buying items which can be easily researched through some advertisements. When doing comparison shopping it is not a good deal to always go for the lowest price available.
Thus, it is not considered a good deal when you go for the sale price that is the cheapest available.
The sentence which best complete the phrase is lower-priced models offer more features (option A)
When we want to buy an object it is advisable to find out its value in different places to find the cheapest one. It is also advisable to look for discount coupons or promotions to save us a little money.
Another activity that we can carry out is to consult on the internet the review of other buyers about the product to make sure that its operation is optimal.
Generally, the cheapest models are the ones that offer the fewest features. For example, if I want to buy a bicycle, its price can vary based on different characteristics such as the material of the frame (lighter is worth more) or the number of speeds (more speeds are worth more).
According to the above, the correct answer is option A. because it mentions an aspect related to low-value objects.
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a man borrowed r 3750 at the imple intret 7.5% p.a what will be the um he ha to depoit at the end of 73 day
Answers
We will receive Rs. 3806.25 after calculating the sum's simple interest. 3806.25. This implies that a man must deposit Rs. 3806.25 in his account at the end of 73 days.
What is Simple Interest?Simple interest is determined by multiplying a percentage of the principal (original amount) by the investment's duration. The simple interest can then be added to the principal amount to determine the investment's final value.
In its simplest form, interest is expressed as a percentage of the principal. For instance, if you agreed to repay a friend's $100 loan with 5% interest, the interest you would pay would only be 5% of 100: $100(0.05) = $5.
The formula of Simple Interest:
A = P(1+RT/100)
A = 3750(1+7.5×0.2/100)
T = 73/365 = 0.2years
= 3806.25
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Matthew has been a non-executive director of Property Plus Ltd (PP) for the last 4 years. Matthew completed his university studies in 2019 and has been working as an accountant since that time. PP decided to purchase a block of land from Golden Deals Pty Ltd (GD) for development near Tamworth in NSW. Matthew considered this to be a great opportunity for PP. He based this view on a long and detailed report prepared by the Chief Financial Officer of PP. Matthew read the first page of the report, which stated the purchase of the property could be a great commercial opportunity for PP, and did not read any further as he was busy studying for his Certified Practicing Accountant exams. If Matthew had read the remainder of the report, he would have noticed that GD has been in significant financial decline in the last 2 years and that the report specifically stated that prior to purchasing the land PP should have it independently valued. Matthew did not seek an independent valuation of the property and the price paid by PP was significantly above market value. As a result, PP becomes insolvent. Advise Matthew whether he has breached his duty under s 180 of the Corporations Act 2001 (Cth). Do not discuss defences.
Answers
Based on the information provided, Matthew is a non-executive director of Property Plus Ltd (PP) and has been in this position for the past 4 years.
PP decided to purchase a block of land from Golden Deals Pty Ltd (GD) for development purposes. Matthew considered this to be a great opportunity for PP based on the first page of a long and detailed report prepared by the Chief Financial Officer of PP. However, Matthew did not read the remainder of the report as he was busy studying for his Certified Practicing Accountant exams. If Matthew had read the rest of the report, he would have discovered that GD has been in significant financial decline over the past 2 years. Additionally, the report specifically stated that prior to purchasing the land, PP should have it independently valued. Matthew did not seek an independent valuation and the price paid by PP was significantly above market value, leading to PP becoming insolvent. Under section 180 of the Corporations Act 2001 (Cath), directors have a duty to exercise their powers and discharge their duties with the degree of care and diligence that a reasonable person would exercise in the same circumstances. This duty includes taking the time to properly read and understand important information that could impact the financial stability of the company. In this case, Matthew's failure to read the remainder of the report and seek an independent valuation could be seen as a breach of his duty of care and diligence as a director. By not fully considering the financial decline of GD and not obtaining an independent valuation, Matthew failed to exercise the level of care and diligence that a reasonable person would have exercised in the same situation. Based on the information provided, it is likely that Matthew has breached his duty under section 180 of the Corporations Act 2001 (Cath) by not reading the remainder of the report and not seeking an independent valuation of the property. By failing to do so, Matthew did not exercise the required level of care and diligence expected of a director, which contributed to PP's insolvency. Under section 180 of the Corporations Act 2001 (Cath), directors have a duty to exercise their powers and discharge their duties with the degree of care and diligence that a reasonable person would exercise in the same circumstances. This duty includes taking the time to properly read and understand important information that could impact the financial stability of the company. In this case, Matthew's failure to read the remainder of the report and seek an independent valuation could be seen as a breach of his duty of care and diligence as a director. By not fully considering the financial decline of GD and not obtaining an independent valuation, Matthew failed to exercise the level of care and diligence that a reasonable person would have exercised in the same situation. Matthew's breach of his duty could be further supported by the fact that the report specifically stated that an independent valuation should be obtained prior to purchasing the land. This indicates that there was a recognized need for independent verification of the property's value, which Matthew failed to fulfill. Furthermore, the significant difference between the price paid by PP and the market value of the property suggests that Matthew did not act in the best interests of the company, as required by section 181 of the Corporations Act 2001 (Cath). By allowing PP to pay a significantly higher price than necessary, Matthew may have breached his duty to act in good faith and for a proper purpose. Based on the information provided, it is likely that Matthew has breached his duty under section 180 of the Corporations Act 2001 (Cath) by not reading the remainder of the report and not seeking an independent valuation of the property. By failing to exercise the required level of care and diligence, Matthew may have contributed to PP's insolvency and potentially breached his duty to act in the best interests of the company.
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Based on the information provided, it appears that Matthew may have breached his duty under section 180 of the Corporations Act 2001 (Cth). Section 180 imposes a duty on directors to act with care and diligence in the best interests of the company.
Why Matthew's actions may be considered a breach of his duty?1. Matthew has been a non-executive director of Property Plus Ltd (PP) for the last 4 years. As a director, he has a legal obligation to act in the best interests of the company.
2. PP decided to purchase a block of land from Golden Deals Pty Ltd (GD) for development. This decision was based on a long and detailed report prepared by the Chief Financial Officer of PP.
3. Matthew only read the first page of the report, which stated that the purchase of the property could be a great commercial opportunity for PP. However, he did not read the remainder of the report as he was busy studying for his exams.
4. If Matthew had read the rest of the report, he would have noticed that GD has been in significant financial decline in the last 2 years. Additionally, the report specifically stated that PP should have the property independently valued before making the purchase.
5. Matthew did not seek an independent valuation of the property, and as a result, PP paid a significantly higher price than the market value.
6. The failure to seek an independent valuation and the payment of a significantly higher price than the market value could be seen as a lack of care and diligence on Matthew's part.
Based on these facts, it is possible that Matthew may have breached his duty of care and diligence under section 180 of the Corporations Act 2001 (Cth).
This is because he did not read the full report, failed to seek an independent valuation, and allowed PP to pay a price significantly above market value, leading to PP becoming insolvent.
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Explain the importance of excellent customer service.
Answers
what is VAT number?why we need this?
Answers
Answer:
what is a vat
Explanation:
Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 26,517 $ 30,075 $ 31,325 Accounts receivable, net 75,332 54,780 42,628 Merchandise inventory 96,629 73,097 47,247 Prepaid expenses 8,286 7,895 3,516 Plant assets, net 238,225 217,764 201,484 Total assets $ 444,989 $ 383,611 $ 326,200 Liabilities and Equity Accounts payable $ 110,802 $ 64,830 $ 44,350 Long-term notes payable 83,658 86,466 73,532 Common stock, $10 par value 162,500 163,500 163,500 Retained earnings 88,029 68,815 44,818 Total liabilities and equity $ 444,989 $ 383,611 $ 326,200 For both the current year and one year ago, compute the following ratios: Exercise 17-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable?
Answers
Answer:
hello
Explanation: the awnser is tooooo long! sorry...
According to the video, some workers who work for themselves, such as Actors, Musicians, or Writers, may have what
sort of worker represent them to potential customers?
O an Agent
O a Headhunter
an Employer
a Mentor
Answers
Answer:
an Agent
Explanation:
just answered it and got correct
Answer: Agent
Explanation: just got it right on edge
Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
Answers
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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4. Identify the accounts affected by the following transaction and show action to take in recording
the accounts in the double entry system.
Transaction
Account to be
credited
Account to be
debited
(i) Owner put cash into business.
(ii) Bought goods for cash.
(iii) Sold goods for cash.
(iv) Received cash for rent.
FDM
(v) Owner withdraws cash from business
for personal use.
Answers
Answer:
Explanation:
A debit entry represent an increase while a credit entry represents a decrease in an expense and asset account . but in a liability and capital account , a credit entry increases and a debit entry decreases the balance
1) Owner put cash into business
Account to be credited Account to be debited
Capital (increases ) Cash (increases)
2)Bought good for cash
Cash (decreases) Merchandise Inventory (increases)
3) Sold goods for cash
Merchandise inventory(decreases ) Cash (increases)
4)Received cash for rent
Rental income(increases) Cash ( increases)
5)Owners withdraw cash
Cash (reduces) Drawing (increases)
a structural engineer hired by a military base discovers upon inspection that her employer is using low-quality steel and skimping on bolts and fasteners in many construction projects, which goes against the building designs she approved. she reports this to the concerned government regulatory agency. this is an example of
Answers
She reports this to the concerned government regulatory agency. this is an example of whistleblowing.
What is whistleblowing?A whistleblower is someone who comes out and divulges their knowledge of any wrongdoing they believe is taking place either throughout the entire organisation or in a particular department. A whistleblower is somebody who reports any illegal activity, whether they be an employee, contractor, or supplier.According to Mueller, during the early 20th century, the terms "to blow the whistle" and "whistleblower" referred to either persons who were really blowing whistles or those who were trying to halt unlawful or immoral activities by raising a stink.Whistleblowing comes in two flavours. Internal whistleblowing is the first. This indicates that the whistleblower informs another employee of malfeasance. Whistleblowing on the outside is the second kind.To learn more about whistleblowing refer to:
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foundation, incorporated, is comparing two different capital structures, an all-equity plan (plan i) and a levered plan (plan ii). under plan i, the company would have 185,000 shares of stock outstanding. under plan ii, there would be 135,000 shares of stock outstanding and $1.9 million in debt outstanding. the interest rate on the debt is 7 percent, and there are no taxes. if ebit is $425,000, what is the eps for each plan? note: do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. if ebit is $675,000, what is the eps for each plan? note: do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. what is the break-even ebit?
Answers
For EBIT = $425,000, the EPS for Plan I is $2.30 and for Plan II is $2.34.
For EBIT = $675,000, the EPS for Plan I is $3.65 and for Plan II is $4.19.
The break-even EBIT is $133,000. We can determine the break-even earnings before interest and taxes (EBIT), which indicates the minimum level of EBIT required for the company to cover its costs and not incur a loss.
EPS Calculation:
For Plan I (all-equity):
EPS = Earnings available to common shareholders / Number of shares outstanding
Since there is no debt, the earnings available to common shareholders will be equal to EBIT.
For Plan II (levered):
EPS = (EBIT - Interest expense) / Number of shares outstanding
The interest expense can be calculated by multiplying the debt outstanding by the interest rate.
Break-Even EBIT:
To calculate the break-even EBIT, we need to determine the level of EBIT at which the company's earnings are equal to its costs. This can be done by setting EPS to zero and solving for EBIT.
Let's perform the calculations using the given information:
a) EBIT = $425,000:
For Plan I:
EPS (Plan I) = EBIT / Number of shares outstanding = $425,000 / 185,000 = $2.30
For Plan II:
Interest expense = Debt outstanding * Interest rate = $1.9 million * 7% = $133,000
EPS (Plan II) = (EBIT - Interest expense) / Number of shares outstanding = ($425,000 - $133,000) / 135,000 = $2.34
b) EBIT = $675,000:
For Plan I:
EPS (Plan I) = EBIT / Number of shares outstanding = $675,000 / 185,000 = $3.65
For Plan II:
Interest expense = Debt outstanding * Interest rate = $1.9 million * 7% = $133,000
EPS (Plan II) = (EBIT - Interest expense) / Number of shares outstanding = ($675,000 - $133,000) / 135,000 = $4.19
To calculate the break-even EBIT, we need to set EPS to zero and solve for EBIT:
For Plan II:
0 = (EBIT - Interest expense) / 135,000
EBIT - Interest expense = 0
EBIT = Interest expense
EBIT = $133,000
Therefore, For EBIT = $425,000, the EPS for Plan I is $2.30 and for Plan II is $2.34. For EBIT = $675,000, the EPS for Plan I is $3.65 and for Plan II is $4.19. The break-even EBIT is $133,000.
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What is the primary malt in a hefeweizen?
Answers
The primary malt in a hefeweizen is wheat malt. Hefeweizen is a German-style wheat beer, and the term "hefe" means yeast while "weizen" refers to wheat.
The wheat malt, combined with a specific type of yeast, results in the characteristic flavors and aromas associated with hefeweizens, such as banana and clove notes. In addition to wheat malt, a hefeweizen may also contain specialty malts, such as Munich or Vienna malts, to add complexity and color to the beer. The use of hops in hefeweizens is usually minimal, as the focus is on the unique flavor contributions from the wheat malt and yeast.
In summary, the primary malt in a hefeweizen is wheat malt, which makes up at least 50% of the grain bill and imparts the beer's signature light and refreshing flavor.
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Please help me how to answer this
click that photo
Answers
Answer:
bean
Explanation:
big bean
Ricardo's theory of _____ advantage states that it makes sense for a country to specialize in the production of those goods that it produces most efficiently and then purchase the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce more efficiently itself.
Answers
Answer:
comparative
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A should specialise in the production of beans and country B should specialise in the production of rice