The increase in production will therefore mean more hiring is needed, which increases the demand for workers resulting to a decrease in unemployment. In addition in the short run an increase in inflation will reduce unemployment, resulting to a trade-off between inflation and unemployment. In addition Pettinger (2011) says “If an economy experienced inflation, then the Central Bank raises interest rates. Higher interest rates will reduce consumer spending and investment leading to lower…
Vengeance has been a popular theme that has been used in many stories and movies for many years. For example the 2008 movie Taken, starring Liam Neeson, is about a CIA agent, whose daughter is taken, or kidnapped. He gets a hold of the criminal on the phone and promises him that he will find him and his daughter. Neeson eventually receives vengeance when he kills all of the bad guys and successfully saves his daughter. One simply cannot understand the true meaning of vengeance with just the…
Orders were grouped by the percentage discount offered, with the results seen in the below graphic. Most of the orders were placed without any discount, followed by orders placed at discounts of 5% to 25%. It can be seen that for discounts in the range 5% to 25%, there is not much of a different or a direct relationship between the discount offered and the number of orders or quantities placed by the customer. Based on this, it can be concluded that there is no significant relationship between…
Texas A&M-Commerce M.S. Accounting Comprehensive Exam Matthew Naab CWID: 50112666 October 2, 2014 1.) #1 – Advanced Management Accounting If three businesses show cash increases of $15 million on their balance sheets, they will likely have very different financial positions depending on the source or destination of cash during the period. One should ask generates that cash flow. The flow of cash is a strong indicator of the health of a business. To identify and understand these sources of…
Regarding to inventory and fixed assets management, I identified 4 potential commercial vendor solutions through online research. In this assignment, I will state the name, offer brief description, and list corresponding features of each vendor. Then, I can discuss my personal work with other group member, which makes a good preparation for our group assignments. Description: According to its website: Restaurant365 is a good software development company and Microsoft Certified Partner. The…
averages provides the parties concerned with information about where the company is heading but also what has been successful and what areas need improvement (Tedor & Radu 2013). For the purposes of this report, the profit and loss statements and balance sheets, have been attained through not only JB Hi-Fi’s annual report but also IBSISWorld. The ratio’s which will be discussed below in the following section as well as industry averages and Harvey Norman’s 2015 figures are attached to Appendix 3…
substantive procedures related to management assertions, and brainstorm of potential fraud and extended procedures. Substantive analytical procedures related to consolidation policy Based on the preliminary analytical procedures about ratios and account balances, I found some risk areas and great changes from 2013 to 2014 in financial statements such as the net income, investments in unconsolidated businesses, cash and cash equivalents, contributed capital, and non-controlling interests. After…
Goodwill is explained as the ‘future economic benefits arising from other assets acquired in a business combination or acquisition that are not individually identified and separately recognised’ in AASB 3 Appendix A. Physical asset including buildings or equipment cannot be considered as goodwill, it should be an intangible asset that has no physical substance. And a business combination itself means ‘a transaction or other event in which an acquirer obtains control of one or more business’. On…
Planning, performing and reporting are the three major stages of auditing. The first stage in an audit is the planning stage. The planning stage consists of getting to know the client, pinpointing factors that could impact the risk for a material misstatement for the financial records, and creating an audit strategy (Wiley,2015). Marilyn Terrill is the senior auditor for the the Uden Supply Company audit, for this client she will need to perform the analytical procedures and calculate the…
The term of one-year is not desirable to investors and it may also limit cash flow. Expenses are accrued as marketing and promotion liabilities in the Consolidated Balance Sheets. Expected payouts for promotion are estimates, another thing that is an estimate is the increased liabilities. If these estimates are off in any sort of way it could affect future financial statements (Procter & Gamble, n.d.). Two Examples…