...Assignment #4 “Interpreting Macroeconomic Conditions” Gene Naroditsky Professor: Dr. Blondel Brinkman ECO 550: Managerial Economics and Globalization Strayer University June 5, 2011 I. Manufacturing 1. Abstract. When assessing the size and importance of the U.S. manufacturing sector, it is vital to recognize that many other sectors, such as finance, telecommunications, wholesale and retail trade, and accounting, depend on a strong manufacturing base. While U.S. manufacturing itself is the eighth largest economy in the world, its impact on the overall U.S. economy is much larger when this “multiplier effect” is taken into account. And reports of the demise of the manufacturing economy in the 21st century are clearly premature. While the general public perceives a manufacturing sector marked primarily by a loss of jobs, the facts about the industry paint a different picture. The United States is the world's largest manufacturing economy, producing 21 percent of global manufactured products. China is second at 15 percent and Japan is third at 12 percent. U.S. manufacturing produces $1.6 trillion of value each year, or 11.2 percent of U.S. GDP. Manufacturing supports an estimated 18.6 million jobs in the U.S.—about one in six private sector jobs. Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing. In 2009, the average U.S. manufacturing worker earned $74,447 annually, including pay and benefits. The average non-manufacturing...
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...Evaluating Performance 1. Introduction Choosing investments is just the beginning of your work as an investor. As time goes by, you’ll need to monitor the performance of these investments to see how they are working together in your portfolio to help you progress toward your goals. Generally speaking, progress means that your portfolio value is steadily increasing, even though one or more of your investments may have lost value. On the other hand, if your investments are not showing any gains or your account value is slipping, you’ll have to determine why and decide on your next move. In addition, because investment markets change all the time, you’ll want to be alert to opportunities to improve your portfolio’s performance, perhaps by diversifying into a different sector of the economy or allocating part of your portfolio to international investments. To free up money to make these new purchases, you may want to sell individual investments whose performance has been disappointing while not abandoning the asset allocation you’ve selected as appropriate. To assess how well your investments are doing, you’ll need to consider several different ways of measuring performance. The measures you choose will depend on the exact information you’re looking for and the types of investments you own. For example, if you have a stock that you hope to sell in the short term at a profit, you may be most interested in whether its market price is going up, has started to slide or...
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...products are sold to a wide range of companies, but most of its sales are to companies in the oil industry. On this basis it has maintained a high rate of return on capital employed in relation to the engineering sector as a whole. The latest product to be developed, a high pressure valve, has completed its testing stage and the company now has to decide on whether or not to invest in a production facility and a marketing programme. The work already undertaken on the product has cost £1.3 million and it is anticipated that some further development work will cost a further £0.2 million. It is estimated that an investment of £9.00 million will be necessary in plant and machinery. This expenditure can be written off (capital allowances) for tax purposes on a straight-line basis over the product’s expected six year life. It is anticipated that the re-sale value of the equipment will be about £2.00 million at the...
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...shift in the accounting standard there might be volatilities of the numbers reported. Right from the classification of assets, liabilities, equities until principle differences of asset valuations, revenue recognitions IFRS differ from existing GAAP. There were inquisitive analysts, accounting experts who would want to capture the transition difference of the two accounting standards. Hence, it will be of academic interest to study the difference between local GAAP and IFRS. This paper analyses the IFRS statement of Infosys from Financial year 2009 and makes comparisons with the Indian GAAP numbers. This study would help to understand the differences of the accounting policies under both the standards and try to construct a comparability index. The main source for comparison is the annual report of Infosys prepared under Indian accounting standards and form 20F filed under SEC. The remainder of the paper is organized as follows: section II gives backdrop of IFRS in Indian context section III and...
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...QUESTION 1 Paulo Sanchez feels that there is a market niche for software that helps entrepreneurs file for a patent. Surveying the features and prices of legal forms already in the market, the Paulo believes that a price of $150 would be about right for such software. At that price, he estimates that 1,000 copies could be sold each year. To design, develop, produce and service this software, an investment of $400,000 would be required. Paulo desires a 15% return on his investment (ROI). Given these data, the target cost to create, sell, and service the software is: $150 $60 $90 $40 1 points QUESTION 2 (Not a repeat question.) The New Product Development Team at Mattel Inc. has developed a new version of the Barbie doll for the upcoming holiday season - "Holiday Barbie". Their market research suggests that they can sell approximately 500,000 units of Holiday Barbie at a price of $13.50/unit to retail stores. The variable production costs are $4.50/unit and total fixed costs are expected to be $3,600,000. In order for the new design to enter production, the target profit on the new doll must equal 30% each year on Mattel's capital investment. The total required investment is $3,600,000. If the number of units sold and selling price per unit cannot be increased beyond the current projection, to what level does variable cost per unit (currently $4.50) need to be reduced in order to ensure the 30% return on capital? (Ignore minor rounding.) $0.36 $4.14 $3...
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...Doing Business 2015 India Economy Profile 2015 India Doing Business 2015 India © 2014 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org All rights reserved. 1 2 3 4 17 16 15 14 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. This work is available under the Creative Commons Attribution 3.0 Unported license (CC BY 3.0) http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows: World Bank. 2014. Doing...
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...projects in BCIT, which you can view on my e-portfolio, http://zenportfolios.com/nguyenvutranse-portfolio/. While studying at The University of Winnipeg, I am greatly enjoying my accounting and finance courses. Since my concentration is accounting and finance, I’m looking for an accounting/financial related position, which can help me to enhance my skills. In my previous jobs, I have learned how to become an effective communicator, a brilliant multi-tasker, and a fast and eager learner. I have also volunteered and gained valuable experience and knowledge of different work areas. I am also part of the CFA Competition happened in March 2012 that you can see on University website http://www.uwinnipeg.ca/index/uw-news-action/story.763/title.uwinnipeg-studentsparticipate-in-cfa-research-challenge. This experience has improved my communication, time management skills as well as my ability to work efficiently and effectively with people....
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...Q U ES TI O N 1 Paulo Sanchez feels that there is a market niche for software that helps entrepreneurs file for a patent. Surveying the features and prices of legal forms already in the market, the Paulo believes that a price of $150 would be about right for such software. At that price, he estimates that 1,000 copies could be sold each year. To design, develop, produce and service this software, an investment of $400,000 would be required. Paulo desires a 15% return on his investment (ROI). Given these data, the target cost to create, sell, and service the software is: $150 $60 $90 $40 1 points Q U ES TI O N 2 (Not a repeat question.) The New Product Development Team at Mattel Inc. has developed a new version of the Barbie doll for the upcoming holiday season - "Holiday Barbie". Their market research suggests that they can sell approximately 500,000 units of Holiday Barbie at a price of $13.50/unit to retail stores. The variable production costs are $4.50/unit and total fixed costs are expected to be $3,600,000. In order for the new design to enter production, the target profit on the new doll must equal 30% each year on Mattel's capital investment. The total required investment is $3,600,000. If the number of units sold and selling price per unit cannot be increased beyond the current projection, to what level does variable cost per unit (currently $4.50) need to be reduced in order to ensure the 30% return on capital? (Ignore minor rounding.) $0...
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...Jamaica © 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3 4 08 07 06 05 A copublication of The World Bank and the International Finance Corporation. This volume is a product of the staff of the World Bank Group. The findings, interpretations and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone 978-750-8400; fax 978-750-4470; Internet www.copyright.com. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher,The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax 202-522-2422; e-mail pubrights@worldbank.org. Additional copies of Doing Business 2011:...
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...American Management Association 2.) American Medical Association AMPS Auction Market Preferred Stock ANSI American National Standards Institute AP Accounts Payable AR Accounts Receivable APB Accounting Principles Board APR Annual Percentage Rate APV Adjusted Present Value APY Annual Percentage Yield ASAE American Society of Association Executives ASB Accounting Standards Board ASHHRA American Society for Healthcare Human Resources Administration ASME American Society of Mechanical Engineers ASSE American Society of Safety Engineers ATB Accountants Trial Balance ASTD American Society for Training and Development ATB Across the Board ATO 1.) Administrative Time Off 2.) Asset Turnover ATOI After Tax Operating Income ATU Annual Tax Unit AWL Actual Wage Loss AWOL Absent Without Leave AWW Average Weekly Wage...
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...D Economy Profile 2015 United Arab Emirates Doing Business 2015 2 United Arab Emirates © 2014 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org All rights reserved. 1 2 3 4 17 16 15 14 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. This work is available under the Creative Commons Attribution 3.0 Unported license (CC BY 3.0) http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows: World...
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...company’s losses, if the company does not do well (investopedia, 2011). When company does make profit for the year, there are two basic options that the company can do with the profits. They can either reinvest the profits back into the company or they can pay them out in the form of dividends. High-growth companies rarely offer dividends because all of their profits are reinvested to help sustain higher-than-average growth. Dividends can be thought of like cash payments back to shareholders for a job well done (“Get both dividend,” 2011). Most people that invest in the stock market do so by means of mutual funds, usually offered by their employer (such as through a 401k) or through an IRA. The 401k takes its name from the section of the tax code that allows for company-sponsored retirement accounts. (IRS, “401k,”11) An IRA is an...
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...money, exchange rate and quality of life are factors that influence foreigners to invest in real estate in New York City Abstract: With the economic crisis in the U.S., Americans are worried about investing in real estate while foreign investors feel the U.S. real estate market is very enthusiastic especially in New York City. According to an annual survey taken by the Association of Foreign Investors in Real Estate (AFIRE), the U.S. rose to the top of the real estate market world. AFIRE members hold more than $627 billion of global real estate, including $265 billion in the U.S. About 72 percent of the respondents planned to invest more money in the United States in 2011. Based on the foreign investors in real estate in the U.S., the research evaluated the factors that influence the foreign investment in U.S. real estate. Outline of the Paper 1. Introduction 2. Foreign Investors Taxation 3. When to Invest in Real Estate 4. Factors that Influence Investing in Real Estate in New York City * Big Amount of Money * Diversification * Exchange Rate * Quality of Life 5. Conclusion 6. List of References Introduction When the economy goes down, many people avoid investing in business especially investing in real estate. This is because when investing in real estate, investors have to take a high risk and it cost a lot of money to start business. Thus, some people change to sell their properties instead of buying or investing in real...
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...Brazil Land taxation frequently has been presented as a panacea for certain problems of agricultural development. More specifically, the land tax has been seen by many as aquick and easy substitute for land reform, especially in Latin America.' This type of thinking, unfortunately, can cloud the real and important contribution that land taxation can make to the develop ment process. Because of its ability to be relatively neutral in its economic effects on agriculture, land taxation isalmost unique among the many ways 2 available to convert surplus agricultural output into development capital. It is, however, no substitute for a direct land reform program; it merely complements a nation's direct efforts to improve the agricultural sector while it goes about its principal task of raising new public investment capital for the economy.3 This paper uses both theoretical and empirical analysis to examine the effectiveness ofa land tax as aregulatory tool. Weare particularly interested in evaluating land taxation as adevice to induce an increase in agricultural output and productivity and amore equitable and economic distribution of * The authors appreciate the comments of John Strasma and Dale Adams. Author Sazama is grateful for financial support for this research from the Social Science Research Council and the University of Connecticut Research Foundation and author Davis for...
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...chapters, front matter and back matter with dividers. For details, see pages 77-78 in Writing Nonfiction: Turning Thoughts into Books. Build your book by filling in this template. You do not have to begin writing at the beginning. Start by filling in any information you have at this time. Once you have filled several pages, transfer the information to your computer. Then print out the pages, 3-hole punch them and replace the old pages in the binder. This guide may be used for fiction but it is specifically designed for nonfiction books. Also see Writing Your Book. Thinking/planning, writing and deciding on publishing: Get an agent, find a publisher or publish yourself. http://parapub.com/getpage.cfm?file=resource/writing.html The New Book Model, Text. http://parapub.com/getpage.cfm?file=newbook.html The New Book Model, Audio. http://www.jackstreet.com/jackstreet/RR.Newbookmodel.cfm (Wait for the sound to load) Does this system work? Thousands of published authors say YES! See the Success Stories at http://parapub.com/successstories.cfm? © Copyright 2005, Dan Poynter Para Publishing, Dan Poynter, PO Box 8206, Santa Barbara, CA 93118-8206, USA. Tel: (805) 968-7277, Fax: (805) 968-1379, http://ParaPublishing.com (Front Cover) For a list of cover artists and URLs for examples of their work, see http://parapub.com/supplier.cfm Title: Subtitle: Author: Foreword by: . (Testimonials) Testimonials, endorsements and excerpts from reviews are being seen more and more...
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