The nation of Pecunia had a current account deficit of $1 billion and a nonreserve financial account surplus of $500 million in 2008. a. What was the balance of payments of Pecunia in that year? What happened to the country's net 3) foreign assets? b.Assume that foreign central banks neither buy nor sell Pecunian assets. How did the Pecunian central bank's foreign reserves change in 2008? How would this official intervention show up in the balance of payments accounts of Pecunia? c.How would your answer to (b) change if you learned that foreign central banks had purchased $600 million of Pecunian assets in 2008? How would these official purchases enter foreign balance of payments accounts?
Answers
a. The balance of payments of Pecunia in 2008 is -$500 million indicate a decreased in net foreign assets by the same amount.
b. The change in foreign reserves will decrease by $500 million if central bank neither buy or sell Pecunian assets.
c. If Pecunian foreign central banks had purchased $600 million of Pecunian assets, the foreign reserve would increase by $100 million.
a. In 2008, the balance of payments of Pecunia was calculated by adding the current account deficit and the non-reserve financial account surplus. Pecunia had a current account deficit of $1 billion and a non-reserve financial account surplus of $500 million.
Therefore, the balance of payments was -$1 billion + $500 million = -$500 million. This means Pecunia's net foreign assets decreased by $500 million in 2008.
b. Since foreign central banks neither buy nor sell Pecunian assets, the change in the Pecunian central bank's foreign reserves would be equal to the balance of payments. In this case, the foreign reserves decreased by $500 million in 2008. This official intervention would show up in the balance of payments accounts of Pecunia as a $500 million decrease in foreign reserves.
c. If foreign central banks purchased $600 million of Pecunian assets in 2008, the Pecunian central bank's foreign reserves would change by the difference between the balance of payments and the foreign central banks' purchases. In this case, the change would be -$500 million (balance of payments) + $600 million (foreign central banks' purchases) = $100 million.
Therefore, the Pecunian central bank's foreign reserves would increase by $100 million. These official purchases would enter foreign balance of payments accounts as an increase in foreign assets held by the foreign central banks.
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Related Questions
Do you think percentage gains
would get more varied or less
varied if you added additional
mutual funds to your portfolio?
Answers
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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if you are looking for a vacation near Deep Creek Lake, MD then check this out. its really nice :)
Answers
an excellent source from which to find potential employees for entry-level positions is _____.
Answers
An excellent source to find potential employees for entry-level positions is educational institutions, such as colleges and universities.
Educational institutions, particularly colleges and universities, serve as a valuable source for finding potential employees for entry-level positions. These institutions are a hub for individuals who are seeking to enter the job market or advance their careers through education and training.
Colleges and universities attract a diverse pool of students who are often eager to secure employment opportunities upon graduation or during their studies. Many educational institutions have career centers or job placement offices that actively connect students with potential employers and assist in the recruitment process. These offices often provide resources, such as job fairs, internship programs, and online job boards, which can be utilized by employers to reach out to entry-level job seekers.
Furthermore, educational institutions offer specialized programs and courses that align with specific industries or fields. Employers looking for candidates with specific skills or knowledge can establish relationships with relevant departments or faculty members to identify promising students or recent graduates.
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Ryan invested in company stock in the year 1996 . The annual yield for his investment was 6.5%; however, the inflation rate was 7.6%. (a) What was the real growth rate of this investment? Answer: % (b) Suppose Ryan wants to make a better investment that will have a real growth rate of 9.6%. What annual interest rate will he need to earn on his investment to accomplish his goal? Answer: %
Answers
Ryan would need to earn an annual interest rate of 17.2% on his investment to accomplish his goal of a real growth rate of 9.6%.
(a) To calculate the real growth rate of Ryan's investment, we need to subtract the inflation rate from the annual yield rate. In this case, the annual yield rate is 6.5% and the inflation rate is 7.6%.
Real Growth Rate = Annual Yield Rate - Inflation Rate
Real Growth Rate = 6.5% - 7.6%
Real Growth Rate = -1.1%
Therefore, the real growth rate of Ryan's investment is -1.1%.
(b) To determine the annual interest rate Ryan would need to earn on his investment to achieve a real growth rate of 9.6%, we need to add the inflation rate to the desired real growth rate.
Annual Interest Rate = Real Growth Rate + Inflation Rate
Annual Interest Rate = 9.6% + 7.6%
Annual Interest Rate = 17.2%
Therefore, Ryan would need to earn an annual interest rate of 17.2% on his investment to accomplish his goal of a real growth rate of 9.6%.
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True or False : When using list pricing , list the priciest items first
Answers
Answer:
true
Explanation:
items first before listing the price
Product prices are changed day by day due to various factors. It is true that at the time of listing prices, the priciest items are situated on the top.
What is the term List price about?
The term list price defined as a basic price of an item that is published in a catalog and advertisement before any discounts are considered.
The list price also known as the recommended retail price of a product that is the price at which its producer recommends that retailer sell the product.
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the ultimate purpose of economics is:_____.
a. to study how individuals make choices. b. to enable one to make predictions on what the stock market is going to do. c. to motivate people so they work harder. d. to teach us how to make money.
Answers
The ultimate purpose of economics is to study how individuals and societies allocate scarce resources to satisfy unlimited wants and needs.
It aims to understand how people make choices in their daily lives, whether it is about buying goods and services or allocating their time and effort.
Economics seeks to provide insights into how markets work and how economic policies can affect economic outcomes.
While economics can be useful in making predictions about the stock market and other economic trends, its primary goal is not to predict the future.
Instead, its goal is to understand the behavior of individuals and groups within the economy and to inform policy decisions that promote economic growth and welfare.
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Which one of the following is a characteristic of a Lean supplier partnership?
A) Removal of incoming inspection
B) Maximal product specifications imposed on supplier
C) Active pursuit of vertical integration
Answers
The characteristic of a Lean supplier partnership is option A) Removal of incoming inspection
Lean supplier partnership is a collaboration between a company and its supplier aimed at improving efficiency, reducing waste, and increasing value for both parties.
Out of the given options, A) Removal of incoming inspection is the characteristic of a Lean supplier partnership.
This approach fosters a sense of trust and partnership between the two parties, resulting in a more efficient and streamlined supply chain.
To achieve this objective, A and B need to work together as partners, rather than as separate entities. This requires open communication, mutual trust, and a willingness to share information and resources. In a
Lean supplier partnership, both parties are committed to continuous improvement and are willing to invest time and effort to achieve shared goals.
Hence the option (A) is correct.
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Last year a business had fixed costs of £875,000 and revenue of 2.5 million. The business had total variable coats of 50,000 and sold 100,000 units. Calculate the total costs of the business last year
Answers
Answer:
Total cost of the business = £925,000
Explanation:
Solution:
Data given:
Fixed cost = £875000
Revenue generated = 2.5 million
Total variable cost = 50,000
Units Sold = 100,000
What is the total cost of the business = ?
Formula for total cost of the business is:
Total Cost = Total Fixed Cost + (Average variable cost per unit x units produced)
Here we have, Total variable cost not the average variable cost per unit.
So,
Average variable cost per unit = Total variable cost/ units produced
Average variable cost per unit = 50,000/100,000
Average variable cost per unit = 1/2 = £0.5 per unit.
Now,
Total cost of the business = Total Fixed Cost + (Average variable cost per unit x units produced)
Let's plug in the values.
Total cost of the business = 875,000 + (0.5 x 100,000)
Total cost of the business = £925,000
Which of the following careers is most likely to require business skills?
Answers
Answer:
1, Communication skill,Leadership skill,Analytical skill
Locate an article covering the technology environment of the hospitality industry. Provide the link/name/etc. to the article and write a synopsis of the article information. The article should be no more than five years old.
Answers
An article covering the technology environment of the hospitality industry is The Future of Hospitality Technology.
What does the article talk about ?The hospitality industry is constantly evolving, and technology is playing a major role in this change. From self-service kiosks to mobile apps, technology is making it easier for guests to book, plan, and enjoy their stay.
Key Trends in Hospitality Technology:
Mobile apps: Mobile apps are becoming increasingly popular with guests. These apps can be used to book rooms, make reservations, and access information about a hotel or restaurant.Big data: Big data is being used to better understand guest behavior and preferences. This information can be used to improve the guest experience and increase revenue.Despite the challenges, the benefits of using technology in the hospitality industry are significant. As technology continues to evolve, it is likely that we will see even more businesses in this industry adopt new technologies to improve their operations and provide a better customer experience.
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You will want to list your work content skills, functional skills, educational history, and work experience in your?
Answers
Answer: yes résumé
Explanation:
Answer: résumé
Explanation: Usually when you list the above given information, you are trying to apply for a job, which needs your education level, your diplomas, etc. -APEX
1. Describe how SaksFirst builds loyalty for Saks Fifth Avenue.
Answers
SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:
free membership for cardholders without minimum spending earning points toward SaksFirst card with first purchases and free shipping from Saks stores.How do brands build loyalty?Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.
In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.
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(a) A family consist of a baby, a child attending nursery school and working parents, decide to prepare a budget for 3 months has a limited income and decides to purchase a food processor instead of a television set.
Suggest TWO possible reason for this decision.
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Answer:
bhosdi ke kute gal chode
hey you are loved.
Take of yourself.
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You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answers
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba?
Answers
Answer:
hello your question is incomplete attached below is the complete question
answer : $ 1,391.692 ( first option )
Explanation:
Given P/E ratio = 6.0
Determine Implied Enterprise value
Implied Enterprise value = (EBITDA * P/E ratio ) + Net debt (cash )
where EBITDA = $205.663
P/E ratio = 6
Net debt = $157.714
hence Implied Enterprise value = (205.663 * 6)+ 157.714 ≈ $ 1,391.692
NOTE : all $ values are in millions
The implied Enterprise Value of Alibaba is $740,366
The calculation is as follows:Implied equity value = NTM earnings × P/E ratio
= $149,680 × 6.0
= $898,080
Now Implied enterprise value
= Implied equity value + Net debt
= $898,080 - $157,714
= $740,366
Therefore we can conclude that The implied Enterprise Value of Alibaba is $740,366
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Emery Mining Inc. recently reported $147,500 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-+-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.) a. $35,847.12 b. $38,604.59 c. $36,634.97 d. $45,452.81 e. $47,664.85
Answers
Answer: D.) $45,452.81
Explanation:
Given the following :
Sales = $147,500
Operating expenses = $75,500
Depreciation = $10,200
Outstanding bonds = $16,500
Interest rate on bonds = 7.25% = 0.0725
federal-+-state income tax rate = 25% = 0.25
Net income =?
Net income can be calculated as follows:
Net income = (Sales - Operating Expenses - Depreciation - (Outstanding bond value × Interest rate)) × (1 - Tax rate)
Net income = ($147,500 - $75,500 - $10,200 - ($16,500 × 0.0725)) × (1 - 0.25)
Net income = ($147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
Net income = $60,603.75 × 0.75
Net income = $45,452.81
The firm's net income is : $45,452.81
What is Net income?Net income represents the difference between revenues and expenses. The expenses include both operating and non-operating expenses. An income statement is prepared to determine the net income.
Net income
= (Sales revenue - Operating costs - Depreciation - Interest expense) * (1 - Tax rate)
= $147,500 - $75,500 - $10,200 - ($16,500 * 7.25%) * (1 - 0.25)
= $147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
= $60,603.75 × 0.75
= $45,452.81
Therefore, the firm's net income is $45,452.81
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One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answers
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
Suppose a hypothetical corporation is in the very late maturity stage of its industry life cycle. A decline of growth in sales & earnings is forecasted soon. Current annual DPS is $4.50. This DPS is expected to grow 6.0% per year for the next 4 years, followed by 3.0% per year growth forever. Rate of return stockholders require is 8.0%. Determine this stock’s intrinsic value (P0). Show all formulas & calculations. [HINT: use the 2-stage growth model.]
Answers
The intrinsic value (P0) of the stock using the two-stage growth model is calculated to be $155.81. This value takes into account the forecasted growth rates, dividends, and the required rate of return.
To calculate the intrinsic value (P0) of the stock using the two-stage growth model, we need to follow these steps:
Calculate the present value of the dividends during the high growth phase (first four years):
P1 = DPS * (1 + g1) / (r - g1)
P1 = $4.50 * (1 + 0.06) / (0.08 - 0.06)
P1 = $4.50 * 1.06 / 0.02
P1 = $4.50 * 53 / 2
P1 = $119.25
Calculate the present value of the dividends during the stable growth phase (after four years):
P2 = DPS * (1 + g2) / (r - g2)
P2 = $4.50 * (1 + 0.03) / (0.08 - 0.03)
P2 = $4.50 * 1.03 / 0.05
P2 = $4.50 * 103 / 5
P2 = $92.70
Calculate the present value of the stock at time zero (intrinsic value):
P0 = P1 / (1 + r)^4 + P2 / (1 + r)^4
P0 = $119.25 / (1 + 0.08)^4 + $92.70 / (1 + 0.08)^4
P0 = $119.25 / 1.3605 + $92.70 / 1.3605
P0 = $87.67 + $68.14
P0 = $155.81
Therefore, the intrinsic value (P0) of the stock is $155.81.
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What is included in an individual's personal assets?
Answers
Personal assets are things of present or future value owned by an individual or household.
Common examples of personal assets include: Cash, checking, and savings accounts.
The rise of nationalism is evident through all the following except
Multiple Choice
A. Increased domestic lending.
the election of President Trump.
B.WTO protests.
C. Brexit referendum.
D.strong protests to immigration.
Answers
Answer:
A. Increased domestic lending.
Explanation:
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answers
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
"A client, age 74 has $314,000 in her Traditional IRA. She is required to take an $11,000 RMD for this year. She does not need the cash and wants to maintain her investment portfolio. She asks her representative if she can take the RMD in shares into her cash account at the firm This action will result in a:
Answers
Answer:
This action will result in her safe-guiding her investment portfolio in equities. For example, in a constant dollar plan, an investor keeps a constant dollar amount of the portfolio in equity securities. If the equities' market value rises, the excess is transferred to fixed-income securities.
Explanation:
The U.S. income tax structure ______. (Select all that apply.) Multiple select question. has one rate structure that applies to all types of taxpaying entities provides for opportunities to tax plan using differences in tax rates and provisions across entities includes similar provisions for the computation of taxable business income across all taxable entities
Answers
All countries of the world have their peculiarities, The United States income tax structure has the following:
provides for opportunities to tax plan using differences in tax rates and provisions across entities.includes similar provisions for the computation of taxable business income across all taxable entities.The United States Income Tax structure
There are seven tax groupings for ordinary income for the 2021 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. One's tax bracket relies on one's taxable earnings and one's documented status: single, married filing jointly or widow(er), married filing separately and head of household.
Therefore, the correct features of the United States income tax structure are as given above.
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A salesperson asks, "What am I legally required to do with this?" when deciding whether to return competitive intelligence that was gathered by stealing company data. At which level of moral development is this salesperson operating?
Answers
Answer:
C. Conventional.
Explanation:
In this specific scenario, the salesperson would be operating at a conventional level of moral development. This is the second level and is when the individual develops personal moral codes by internalizing the rules of adult role models. In this case, the individual would use their moral code in order to decide what is the correct/moral course of action to take with the stolen data.
How much must you have saved if the account earns 16 nnually if you plan to withdraw $5000 per year for the next 10 years when there is nothing left?
Answers
The whole cost comes to $106,607.35.
Providing the following details:
n = 10 years.
i= 16%
$5,000 annual deposit
The following version of the final value formula must be used to determine the final value:
FV= [(1+i)n-1]/i A*
Annual Deposit = A
FV= {5,000*{(1.16^10)-1]}
/0.16= $106,607.35
Let's imagine you invest $1,000 (your principal) and it earns 5% once a year in interest or profits (the compounding frequency) Formulas for Compound Interest
Compound interest, which is when interest is added to a loan rather than paid off or collected from the borrower, is what causes it. for the purpose of generating interest on the principal amount and any accumulated interest throughout the following period. Interest is a typical occurrence in compound interest economics and finance.
In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest.
The simple annual interest rate is equal to the period of interest multiplied by the number of periods in a year. The simple annual interest rate is also known as the nominal interest rate.
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Please determine which countries would be classified as growth miracles or growth disasters. Growth miracles Growth disasters Answer Bank Japan Nigeria Argentina South Korea
Answers
The countries that would be classified as growth miracles are Japan and South Korea, while Nigeria and Argentina would be classified as growth disasters.
To classify the countries as growth miracles or growth disasters, we need to look at their economic growth rates and other relevant indicators,
South Korea: South Korea is often cited as an example of a growth miracle because of its rapid economic growth since the 1960s. It has achieved an average annual growth rate of 7% over the past few decades and is now one of the world's most advanced economies.
Japan: Japan is another example of a growth miracle. After the devastation of World War II, Japan experienced rapid economic growth in the 1950s and 1960s, becoming the world's second-largest economy by the 1980s.
Nigeria: Nigeria, on the other hand, would be classified as a growth disaster. Despite having abundant natural resources, Nigeria's economy has been plagued by corruption, mismanagement, and political instability.
Argentina: Argentina would also be classified as a growth disaster. The country has been plagued by economic problems for decades, including hyperinflation, debt defaults, and currency devaluations.
Thus, Japan and South Korea, are growth miracles, while Nigeria and Argentina would be classified as growth disasters.
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format of a presentation essay
Answers
main body of presentation should include for/against if applicable and an evaluation of the points raised
a conclusion
After a successful cyberattack on its information systems, a toy manufacturer is unable to operate effectively for two weeks, and thus misses out on some significant customer orders during this time owing to a. legal obligations b. reputation damage c. recovery costs d. business disruption
Answers
The toy manufacturer missing out on significant customer orders due to the cyberattack can be attributed to several factors:
a. Legal obligations: Depending on the jurisdiction and the nature of the business, the toy manufacturer might have legal obligations to protect customer data or face penalties for not adequately safeguarding sensitive information. In the event of a cyberattack, the company might need to comply with legal requirements, which could result in disruption and potential loss of business.
b. Reputation damage: A successful cyberattack can severely damage the toy manufacturer's reputation. News of the breach, compromised customer data, or service disruption can erode customer trust and confidence in the company. As a result, customers may choose to take their business elsewhere, leading to missed customer orders and potential long-term impacts on revenue.
c. Recovery costs: After a cyberattack, the toy manufacturer would incur costs associated with remediation efforts. This includes conducting forensic investigations, restoring systems, implementing stronger security measures, and possibly hiring external cybersecurity experts. These recovery costs can divert financial resources that could have been invested in meeting customer orders or marketing efforts.
d. Business disruption: The cyberattack likely disrupted the toy manufacturer's operations, rendering them unable to operate effectively for two weeks. During this time, the company might have experienced system downtime, communication issues, or other operational challenges. Such disruptions would hamper the ability to fulfill customer orders and meet demand, resulting in missed opportunities and potential customer dissatisfaction.It's important to note that these factors are not mutually exclusive, and multiple aspects can contribute to the toy manufacturer's inability to operate effectively and missing out on customer orders after a cyberattack.
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Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the playoffs. Rich's hometown team, the Whalers, are interested in him. If the Whalers sign Rich for $2.5 million per year, how much is the annual "hometown discount" that the Whalers will receive?
Answers
Answer:
$2,500,000
Explanation: