Financial Sector Essay

1. What are the phases of the business cycle? - The business cycle consists of four main phases: peak, recession, trough, and expansion. The peak is the when the economy is at a maximum. Although the peak is temporary, the economy is at full employment, the output is very high, and the price level usually rises. After the peak comes the recession. Recession is a time where the economy declines and usually lasts six months or more. The trough is the lowest point of a recession. In this phase,…

ESSAYS: (4 QUESTIONS, EACH WORTH 5 POINTS) 1. Describe and discuss the Investment Pyramid including its financial foundation. A venture procedure in which a speculator enhances the danger of his/her portfolio while likewise leaving the likelihood for a substantial return. One does this by putting a large portion of the financial specialist's cash in generally safe speculation vehicles; this structures the "base" of the pyramid. The base (the widest part of the pyramid) would contain government…

The purpose of the essay is to evaluate the leadership style of Mark Zuckerberg. In 2010, Mark Zuckerberg was termed as a person of the ‘year by TIME’. Mark Zuckerberg’s current net worth is $28.5 billion as per the records of Forbes, which makes him as one of the youngest billionaires in the world (Forbes.com. 2017). On the other hand, Zuckerberg et al. (2016) asserted that Mark Zuckerberg has also received various criticisms for cyber crime and profile hacking issues of its users. The essay…

difference between a calendar year and a fiscal year is that a fiscal year is determined by a company's business cycle, whereas a calendar year is January through December. Starbucks, choose a 52- week fiscal year because it enables them to provide financial reports over periods lengths. Likewise, GMCR operates on a 52 week fiscal year in order to show sales and progress over lengths of time. It is stated on their SEC file including the balance sheet that they have a 52 week week fiscal cycle…

ACT 8-1 - Business Applications Case: Statistic versus flexible budget variances a) Did Atlantic increase unit sales by cutting prices or by using some other strategy? Atlantic did not increase sales by cutting prices for the actual sales price was higher than the budgeted price which is as follows: The budgeted sales price was $33,000,000/150,000 units = $220 per unit (Edmonds, Tsay, & Olds, 2011). Therefore, the actual sales price was $35,520,000/160,000 units = $222 per unit (Edmonds et…

By attending a postsecondary school, it provides a variety of open doors full of advantages and opportunities that will last a lifetime. People with a college degree earn about twice as more than those who receive only a high school diploma. Also, colleges and universities provide students with a healthy social life to be prosperous all around. Furthermore, employers use college degrees as one of the tools to sort out potential employees, recognizing that higher levels of education indicate…

According to Joseph T Wells, Chairman of the Board of the National Association of Certified Fraud Examiners, there are three primary reasons that a company commits financial fraud. "The three reasons a company would commit financial fraud is to conceal true business performances, preserve control and status, and to maintain personal wealth and income." A Houston based energy company, Enron Corporation, had a combination of all three. The practices under scrutiny were partnerships which…

Pizza Pizza – Changes in Sales, Total Assets, Shareholder’s Equity & Net Income Change in sales: Pizza Pizza’s sales have increased by 5.3% in 2015 to 533.8 million from 505.4 million in 2014, this was primarily due to geographic diversification among eastern provinces which helped provide consistent restaurant sales and stable growth in sales over the past five years. Change in Net Income: Pizza Pizza’s net income increased by 0.871% to 25.23 million from 25.16 million in 2014. The increase…

4 days ago Angela Kilgore RE: Chapter 11 Discussion Question Collapse The purpose of the worksheet is to help accountants prepare financial statements. It is used as a tool to record adjustments and provide accurate account balances needed to prepare financial statements. It serves as the central place for all information needed to record adjustments. Strengths of the worksheet include: If a mistake is made on the worksheet it can be easily erased and corrected. It brings to light any…

Raghav Gangarapu is a Database Administrator that works for the insurance firm, Allstate. Allstate is the the second largest personal lines insurer in the country. The corporation offers a variety of packages mainly in the property and casualty sector of insurance. Being a Database Administrator for Allstate, caused Raghav to be immersed a complex sample set of millions of people confidential insurance information. Raghav’s job is to create, update, and protect the databases Allstate uses for…