The new framework being implemented by the Securities Commission Malaysia is expected to provide a catalyst for more innovative product offerings as part of a wealth management solution to meet investors' retirement objectives.
In terms of portfolio theory, there are several important steps that should be applied when managing a Unit Trust. These include:
1.Asset allocation: This is the process of dividing an investment portfolio among different asset categories, such as stocks, bonds, and cash, with the goal of achieving a specific investment objective. The allocation of assets should be based on the investor's goals, risk tolerance, and investment horizon.
2.Diversification: Diversification is the practice of investing in a variety of assets within each asset category. The goal is to reduce the overall risk of the portfolio by spreading the investments across different types of assets and minimizing exposure to any one specific investment.
3.Rebalancing: Rebalancing is the process of adjusting the portfolio back to its original asset allocation over time. This is done to maintain the desired risk profile of the portfolio and to ensure that the investor's goals are being met.
4.Risk management: Risk management involves identifying and assessing the risks associated with different investments and taking steps to mitigate those risks. This can include diversification, hedging strategies, and other risk management techniques.
5.Performance evaluation: The performance of a Unit Trust should be regularly evaluated to ensure that it is meeting the investor's goals and objectives. This can be done by comparing the performance of the fund to relevant benchmarks and by monitoring the fund's fees and expenses.
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The micro-EWOT implies, inter alia, all of the following, EXCEPT
Option (c), All of the following are implied by the micro-EWOT, with the exception of uncritical reasoning.
What dangers may EWOT pose?EWOT poses no risks or adverse effects when used correctly and for no more than 15 minutes at a time. When more oxygen is breathed than is recommended, there is no risk of becoming ill from it.
How is EWOT unique from hyperbaric oxygen?HBOT functions in a different way than EWOT. HBOT is a passive procedure in which the pressure forces oxygen into the tissues. More oxygen enters the tissues as a result of the plasma's super saturation caused by EWOT. After then, the extra oxygen is used by the body.
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The complete question is:
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Marginal cost/benefit analyses Opportunity cost calculi Uncritical reasoning Plausible,L-MEST-G data Inter-temporal comparisonsWhat is a common MISTAKE of pitching?
Listing all of the features
Complementing the content with body language
Making a clear ask
Providing the market size
A common mistake in pitching is listing all of the features. The correct option is a.
What is pitching?Pitching is a presentation of a business idea to potential investors. People pitch a business because they need resources. If the goal is to raise startup cash, the target of the pitch is an investor. Other businesses pitch to potential customers to sell their products. Finally, some organizations pitch because they need a partner or resource to help them accomplish their mission. It's important to remember that a pitch to an investor may not strictly seek startup capital.
For example, a business may need an investment when it has an unexpected but very profitable order beyond its current capacity.
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Samantha wants her team to feel excited about compounding a new medication however she needs to make a decision quickly on how best way to handle the work she decides on a process on her own and then communicates the process to her team what leadership style is Samantha using
Answer:
Samantha is using an autocratic leadership style. An autocratic leader makes decisions independently without involving others in the decision-making process. In this case, Samantha decides on a process on her own and then communicates it to her team without seeking their input or involvement in the decision-making process. She takes full control and authority over the decision, expecting her team to follow her instructions and carry out the work accordingly
Gti two employees are paid weekly. As of the end if the year, two days salaries have accrued at the rate of 180 per day per per employee
The adjusting journal entry for GTI is as follows:
Adjusting Journal Entry:Date Account Titles Debit Credit
Dec. 31 Wages Expenses $720
Wages Payable $720
To accrue the two days' wages owed to two employees.What is an adjusting journal entry?An adjusting journal entry is a period-end journal entry to accrue expenses that have been incurred but not paid in cash.
Adjusting journal entries can also be used to record Depreciation Expenses, Earned and Unearned Revenues, Prepayments, and correction of accounting errors.
Transaction Analysis:Wages Expenses $720 Wages Payable $720
Two Employees' wages for two days = $720 (180 x 2 x 2)
Thus, the Wages Expenses account will be debited, while the Wages Payable account will be credited to show that GTI is owing two employee wages for 2 days.
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Question Completion:Prepare the adjusting journal entry to record the accrual.
On January 2, 2019, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $19.00 per share, and represents a 10% ownership stake. Big Bad Company made $45,000 of net income in 2020, and paid dividends to All Good Company of $97,500 on December 15, 2020. On December 31, 2020, Big Bad Company's stock was trading on the open market for $14.50 per share at the end of the year. Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number. Round to nearest whole number (no cents).
Therefore, All Good Company should report the investment's $155,000 book value at the end of the year.
An asset or item purchased with the intention of earning money or increasing in value is an investment. An asset's appreciation over time is referred to as appreciation. When a person purchases a product as an investment, the goal is not to use the product now but to use it to build wealth in the future.
Calculation to determine the investment's book value, which All Good Company should report at the end of the year: $60,000 x 6,000 x $10.00 per share $135,000 less than the following:
Ending investment balance of $155,000 (60,000+$135,000-$40,000) Dividend ($40,000).
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The young woman's proposal seems to be
by company policy.
The young woman's request doesn't appear to be covered by company policy.
What is a business?A corporate structure that is distinct from its owners legally is a company. Due to additional accounting rules and higher-level legal obligations, the business structure is more complex and has greater setup and administrative costs.
How can a firm be described as a business?Due to the desire of its employees to create value, a business is referred to as a company.Old French, which means compaignie or companionship, is where the word "company" first appeared.
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Which of the following economic systems best describes the economy of the United States?
O Marxism
O command
o socialism
O free-market capitalism
closed
Answer:
Free-market Capitalism
The BEST description of the economic system of the United States is D. free-market capitalism.
What is free-market capitalism?Free-market capitalism is known for the following features:
Private individuals control the factors of production.It is a purely capitalist economic system.The laws of supply and demand regulate production, labor, and the marketplace.An unregulated system of economic exchange reigns.Non-existence of or minimal presence of centralized economic interventions.The best description of the economy of the United States is not:
MarxismCommandSocialismClosed economic system.But the BEST description of the economic system of the United States is D. free-market capitalism.
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Domain and Range Digital Escape! puzzle 3
A function/graph/relation's domain and range are defined as follows:
Domain: a collection of input values.Range: a collection of output values.What are a function's domain and range?The domain of a function is the set that contains all of the function/relation's potential input values; hence, it is made up of x values.
The range of a function is the set that contains all of the function/relation's potential output values; hence, it is made up of y values.
Because the problem is incomplete, the notions of domain and range are given and then applied to derive the domain and range.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Please define the terms
Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:
Expense Basis for allocation Amount
Rent Square feet of floor space $ 30,000
Advertising Amount of dollar sales 36,000
Administrative Number of employees 51,000
The following information is available for its three operating (sales) departments:
Department Square Feet Dollar Sales Number of employees
A 3,200 $ 236,000 5
B 4,800 $ 354,000 7
C 8,000 $ 590,000 8
Totals 16,000 $ 1,180,000 20
What is the total expense allocated to Department B?
Accrued revenues: Multiple Choice At the end of one accounting period result in cash receipts in a future period. At the end of one accounting period often result in cash payments in the next period. Are also called unearned revenues. Are listed on the balance sheet as liabilities. Are recorded at the end of an accounting period because cash has already been received for revenues earned.
Answer:
At the end of one accounting period result in cash receipts in a future period.
Explanation:
Accrued revenues is money owed by customers for goods bought or services purchased.
Accrued revenue is recorded as an asset on the balance sheet as receivables.
For example, if a customer buys a dress and is yet to pay for the dress. the amount the customer is supposed to pay is recorded as an accrued revenue at the end of the accounting period
Unearned revenue is money received by a company for services that are yet to be rendered.
Raju started business with bank balance of Rs 60,000 and stock of goods Rs 20,000.
Answer:
60k-20k=? 40k
Explanation:
PLEASE MARK ME AS BRAINLIEST
On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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Describe the internal control features that were missing that enabled the employee to commit this fraud.
Describe what actions the employer should take to prevent this kind of fraud from happening in the future.
High-Flying Auto Dealer Employee Steals $10M For Luxuries
The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis
Vuitton luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.
Answer:
yes my answer is yes
Explanation:
I dont know
Task 1: At December 31, 2019, House Co. reported the following information on its balance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts 80,000 During 2020, the company had the following transactions related to receivables: Sales on account $3,700,000 Sales returns and allowances 50,000 Collections of accounts receivable 2,810,000 Write-off s of accounts receivable deemed uncollectible 90,000 Recovery of bad debts previously written off as uncollectible 29,000 Instructions Prepare the journal entries to record each of these fi ve transactions. Assume that no cash discounts were taken on the collections of accounts receivable. Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $115,000. Compute the accounts receivable turnover for 2020 assuming the expected bad debt information provided in c. Task II: Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Nike adidas Sales revenue $19,176.1 $10,381 Allowance for doubtful accounts, beginning 78.4 119 Allowance for doubtful accounts, ending 110.8 124 Accounts receivable balance (gross), beginning 2,873.7 1,743 Accounts receivable balance (gross), ending 2,994.7 1,553 Instructions: Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences
Answer
The answer is 22
Explanation:
because its so mad
Creekside Corporation data is as follows: Selling price is $75 per unit; Variable expenses are $45 per unit (60% of sales), and contribution margin is $30 per unit (40% of sales). Fixed expenses are $75,000 per month and the company is selling 3,000 units per month.
a. The marketing manager believes that an $8,000 increase in the monthly advertising budget would increase monthly sales by $15,000. Should the advertising budget be increased?
According to the question of expenses, Yes, the advertising budget should be increased.
What is expenses?Expenses refer to the costs incurred by an individual or company in order to generate revenue and profit. Expenses can include a wide range of items, from the cost of raw materials used in production to rent, insurance, marketing, and other overhead costs. Expenses are typically divided into two categories: fixed expenses, which remain the same regardless of activity level, and variable expenses, which vary depending on the level of activity. Companies must carefully track and manage their expenses in order to maximize their profits.
This is because the increase in sales of $15,000 would result in an increase in contribution margin of $6,000 ($15,000 x 40%) which would exceed the additional advertising cost of $8,000. Therefore, the increase in advertising cost would result in a net increase of $2,000 in profits.
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Discuss the challenge created for financial accountants by the presence of uncertainty.
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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Bill Anderson, the Materials Manager of XYZ Firm, is interested in assessing the inventory management performance of the firm. The following (partial) Annual Income Statement and the four Quarterly Balance Sheet for the fiscal year 202X has been obtained.
XYZ Company, Income Statement, FY 202X
Net sales $950,000
Cost of goods sold 620,000
Operating expenses 190,000
XYZ Company, Quarterly Balance Sheet, FY 202X
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Cash $46,000 $37,900 $82,000 $54,000
Accounts receivable 55,500 46,000 123,000 72,000
Inventory:
Finished goods 42,440 35,080 12,540 39,050
Work-in-process 27,780 25,770 20,120 32,990
Materials 32,580 79,000 52,910 22,670
Plant assets 510,000 510,000 540,000 540,000
Required:
a. How many weeks of supply does the XYZ Company carry?
b. How many inventory turns did the company went through in FY 202X?
Answer:
Net sales = $950,000
Cost of goods sold = $660,000
Finished Goods$ W.I.P$ Materials$
Q1 42,440 27,780 32,580
Q2 35,080 25,770 79,000
Q3 12,540 20,120 52,910
Q4 39,050 32,990 22,670
Total 129,110 106,660 187,160
a. Inventory Turnover Ratio
Sales/F.G COGS/WIP COGS/R.M.
950,000/129,110 66,000/106,660 660,000/187,160
7.35 times 6.18 times 3.52 times
b. Inventory weeks on hand (i.e. 52 weeks/inventory)
52/7.35 52/6.18 52/3.52
7.07 8.41 14.77
7 weeks 8 weeks 15 weeks
Ivan is upset because he feels that Yvette never listens to his ideas in meetings. In their last meeting he offered a suggestion, and Yvette responded by rolling her eyes and ignoring his comment. How should Ivan BEST approach Yvette and communicate with her to try to resolve this conflict?
A personal dialogue with Yvette asking why she never listens is the best first step to take. When the "why" is established, then using empathy and listening skills, Ivan can attempt to put himself in Yvette's shoes to hear the things he says from her perspective.
This will create understanding and help Ivan to be able to speak in the language that Yvette can understand, thus, resolving the conflict.
What is conflict?Conflict is defined as a fight and a collision of interests, opinions, or even values. A dispute will always exist in society, regardless of whether the source of the conflict is personal, racial, class, caste, political, or international.
Well-managed conflict results in improved engagement and creativity, whereas badly managed conflict results in increased stress and worry. Jobs that deal with people are more likely to cause conflict.
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How To Find The Best Luxury Portable Restrooms In Sacrament
Research reliable agencies with tremendous opinions, lots of restroom options, and exact customer support. Ask for referrals and reach out for a quote.
To locate the great luxury transportable restrooms in Sacramento, you can start with the aid of learning from reputable corporations specializing in luxurious transportable restroom rentals. Look for groups with nice purchaser opinions and quite a few restroom alternatives to pick from. Consider factors along with the restroom's length, amenities, and cleanliness.
You also can ask for referrals from pals, a circle of relatives, or event planners who've used luxurious portable restrooms in the past. Once you have got a listing of ability agencies, attain out to them to talk about your desires and obtain a quote.
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What can result from a failure to provide accurate financial statements to a
bank?
A. The bank may experience an increase in defaulted loans.
B. The bank may lose trust in the government.
Ο Ο
C. The bank may appear more attractive than it should.
O
D. The bank may fail due to poor planning.
Answer:
(A) The bank may experience an increase in defaulted loans
This function of marketing is responsible for identifying and reducing risks associated
with marketing decisions. Choose the answer.
O financing
Opricing
O promotion
Orisk management
This function of marketing is responsible for identifying and reducing risks associated with marketing decisions is risk management. So risk management is correct option of the given statement.
How does risk management work?IT risk management refers to the use of risk management techniques to handle IT threats. Procedures, guidelines, and tools for evaluating possible risks and weaknesses in IT infrastructure are part of IT risk management.
What function does risk management play in general?The process of discovering, evaluating, and managing risks to people, assets, liabilities, and income is known as risk management. The ultimate purpose of risk management is the preservation of the organization's material and human resources to ensure the smooth continuation of its business operations.
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Answer:
D. Risk Management
Explanation:
The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.
Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).
The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)
The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.
Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.
Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.
What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?
1. The value of the stock account after Year 2 is $155,401.626.
2. The value of the stock account after Year 8 is $96,110.0674.
3. The value of the stock account after Year 11 is $96,110.0674.
4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.
Bond interest rate: 5%
Stock dividend yield: 3.7% (10% less than S&P 500 average yield)
Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)
We'll assume an initial investment of $100,000.
Year 1:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370
1. Year 2:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626
2. Year 8:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674
3. Year 11:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674
4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.
Stock dividend income: $100,000 * 0.037 = $3,700
Bond interest income: $100,000 * 0.05 = $5,000
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Which of the following will be needed to adapt to the changing landscape of business in the United States? Check all that apply.
Identification of specific geographic population centers
Improved intercultural communication skills
Growing minority population
The following will be needed to adapt to the changing landscape of business in the United States;
Identification of specific geographic population centers
Improved intercultural communication skills
Growing minority population
Hence, all the above are applied.
What is changing landscape of business?A Business Landscape is a related representation of the most important features that make up a business and work together to achieve something of value. There are no restrictions on what can be defined in a landscape. Hence, an overturn or negative or positive development on those features that inform a business is said to be the changing landscape of business.
Therefore, the correct answer is as given above
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Opportunity cost is _____.
the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above
Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.
The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
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Type the correct answer in the box. Spell all words correctly.
What are net sales?
pls help
What do construction workers manufacturing workers and farmers have in common?
Answer:
Depression. Unfortunately, construction workers have higher rates of depression than many other occupations the other occupation at a high risk include farming.
According to the most recent data available, construction and farming occupation also carry the highest rate of depression because the stress to have this type of physical work as well as mental, is very strenuous because of the high productivity demands to meet deadlines, finish contacts and making sure your finances are reached. These type of occupations, in certain cases cause great levels of depression.
Explanation:
I majored in Business
Which of following is a TRUE statement about inventory within a continuous review system?
a. When service level increases, Economic Order Quantity increases
b. When ordering or setup costs decrease, Economic Order Quantity increases
c. When ordering or setup costs increase, Economic Order Quantity increases
d. When holding costs increase, Economic Order Quantity increases
e. When demand decreases, Economic Order Quantity increases
Answer:
c. When ordering or setup costs increase, Economic Order Quantity increases
Explanation:
In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.
Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.
In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity
Statement that can be considered as a true statement as regards inventory that exists in continuous review system is C:When ordering or setup costs increase, Economic Order Quantity increases.
Inventory can be regarded as goods as well as materials that is been held by business so that they can resale, or for production purposes.In a continuous review system, when setting up a increase in cost of goods, then the Economic quantity order will increase.
Therefore, option C is correct.
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Question 3: Question Content AreaAt a price of $8, quantity supplied is 100 units. At a price of $9, quantity supplied is 126 units. Price elasticity of supply for the good is approximately a.0.51 b.1.96 c.2.99 d.1.05
The price elasticity of supply for the good is approximately 1.96.
What is the price elasticity of supply?Price elasticity of supply measures how the quantity supplied to changes in price of the good. It is the ratio of the percentage change in quantity supplied to the change in the price of the good.
Price elasticity of supply = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity supplied = change in quantity demanded / average of both demands
change in quantity supplied = 126 - 100 = 26
average of both supply = (126 + 100) / 2 = 113
Midpoint change in quantity supplied = 26 / 113 = 0.23
Midpoint change in price = change in price / average of both price
Change in price = $9 - $8 = $1
Average of both prices = (9 + 8) / 2 = 8.50
Midpoint change in price = 1 / 8.50 = 0.11765
Price elasticity of supply = 0.23 / 0.11765 = 1.96
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Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.
Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.
These Internal users are been regarded as people within the business, such as production manager.
These information help in making the financial aspect of the company to succeed.
Therefore, option B is correct.
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QUESTION 3
a) What are the similarities and differences between competitive firms and firms that
operate under imperfect competition?
b) How do you calculate the social welfare loss due to monopoly. Demonstrate your answer
using a well labelled diagram.
c) How does a monopolist generate more profits than that obtained under a uniform pricing
policy?