...1. | Question : | Political incumbents often gain or lose re-election because of a strong or weak economy. Which of the following is an exception to that rule? | | | Student Answer: | | George H.W. Bush | | | | Al Gore | | | | Herbert Hoover | | | | Jimmy Carter | | | | Points Received: | 2 of 2 | | Comments: | | | | Question 2. | Question : | The unemployment rate is the number of | | | Student Answer: | | jobless individuals looking for work divided by those employed and unemployed but actively looking. | | | | jobless people looking for work divided by the population. | | | | people looking for work divided by the population. | | | | jobless individuals divided by the total labor force. | | | | Points Received: | 2 of 2 | | Comments: | | | | Question 3. | Question : | Which of the following statements about the behavior of the unemployment rate in the United States is true? | | | Student Answer: | | The unemployment rate in the most recent recession involved a peak rate of unemployment lower than the peak rate of the recession before it. | | | | Between 1960 and 2004, the unemployment rate has fluctuated between 3.4% and 6%. | | | | Generally, when the actual level of output is above the natural level of output, the actual level of unemployment tends to be above the natural level of unemployment. | | | | Generally, when the natural level of output is above the actual level of output...
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...English B - Higher Preparatory Examination Section B) 1. Summary of “Cowboys and Indians” by Lorien Crow: The narrator’s Grandma Ellen is dead, and they are on their way to the funeral. The narrator is surprised over the respect for the death, because she has not experienced it in the East, where she is from. The respect is shown in a way of people bowing their heads while they drive by. She is preparing the funeral feast and thanks the attending people, but she does not feel like being there. She phones her cousin, David as an escape plan. He arrives in the late afternoon on a motorbike and asks her what she would like to do. Her answer is; margaritas, and then they take off. She wrote letters to him about her life as a fourteen-year-old-girl. They go to a bar and drink tequilas. Afterwards they drive to the bluffs to watch the sunset. However, they are speaking of how their family thinks of them, and they agree on being the black sheep. After a delightful sunset, David drives his cousin back to the funeral feast. 2. Characterization of the narrator: * David thinks that his cousin is his favorite cousin, because she did not feel bad for him during the Gulf War. (page 8, line 29-30) * She feels like a black sheep in her family (page 8, line 56) * She loves her cousin. (page 7,line 13-14) * When David asks her what she wants to do, he does it with a Native American twinge, which sounds Canadian to her pale, untrained ear. (page 7, line 21-22) ...
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...currency bitcoin to increase the speed, and slash the price, of international money transfers, raising the prospect of a revolution in the $600bn annual global remittance market. Soaring rates of mobile phone use in developing countries are helping the entrepreneurs compete with more usual forms of money transfer in countries where remittance rates and fees are highest. Many of the world’s poorest people depend on money sent to them from friends and family abroad. According to World Bank figures for 2011, nearly half of Tajikistan’s GDP is derived from remittances, while in Liberia, Lesotho, Nepal and Haiti they account for more than a fifth of GDP. Entrepreneurs claim they are using bitcoin to give some of the world’s poorest people a better deal on the money they receive from abroad. The World Bank calculates the average fee on remittances at 8%, yet charges can be three times as high. A report from the Overseas Development Institute (published in April 2014 , said the benefits of remittance transfers “are lost in intermediation as a result of high charges. Africa’s diaspora pays 12% to send $200 – almost double the global average.” Bitcoin could also cut the time it takes to send remittances. BitPesa, a Kenyan mobile money transfer firm that launched in May, says its remittance transactions are “twice as fast and 75% cheaper” than competitors, because it uses bitcoin to transfer funds. Elizabeth Rossiello, BitPesa’s founder and CEO, said: “We’re looking to bring...
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...to each person who signs this contract as a buyer or co-buyer, and to any assignee of this contract. The words "Seller", "we", "our", and "us" refer to the party who made the sale or any assignee currently holding the contract. We agree to sell and you agree to buy the goods and/or services described below in accordance with all terms on both sides and all pages of this contract. Telephone You are giving a security interest in the goods and/or services purchased. You are giving a cash security deposit totaling $________________ to secure your obligations hereunder. 1,320.00 Late Charge: If a payment is more than 10 days late, we may charge you a delinquency fee of 5% of the overdue installment or such amount as permitted by law from time to time. We will only charge you fo r one delinquency per late payment. We will not charge you a late fee for payments timely received under a written extension or deferral contract. Prepayment: may If you pay off this contract early, you will not have to pay a minimum finance charge or other penalty. DESCRIPTION OF GOODS AND/OR SERVICES PURCHASED AS PART OF A RETAIL INSTALLMENT CONTRACT OR OBLIGATION: mammaplasty;mastopexy;lipoplasty; ITEMIZATION OF AMOUNT FINANCED (a) Cash Price (b) Sales Tax (A) TOTALCASH PRICE = (a + b) (c) Other Items to be Financed (if applicable) - amounts owed to public officials (fees), insurance, and other charges in addition to those listed above Item: Origination Fee Item: $ 0.00 $87.12...
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...Business Law: Lecture 10 Bailment: Temporary transfer that allows you to transfer the possession for usage. Example: Lease a Car Types of Bailment: 1. Bailment for Value: when there is a payment for the usage of property. Example: Leasing a rental car for a vacation/crossing the boarders. 2. Gratuitous Payment: when dealing with a payment that requires no transfer of funds. When there is a risk of money there is a higher standard because you’re making an economic performance. Example: Borrowing the snow blower of your neighbor. Obligations that comes with the contract: 1) Determine the service provided Example: Rent a storage place, now you have a facility. Example: Storage Wars, Homeland Security. 2) Deals with the notion of Payment terms: how much you’re paying for a month, if you don’t pay inside the terms they are entitled to seize it. Example: How in storage wars they are bidding and auctioning storage units. 3) The extent for damage or loss. Example: When there is a delivery of a good by a company, whoever is under the control is responsible for the delivery. Unless they waive any liability in the agreement, they are responsible for reasonable care and diligence. Under the law in our society, normally the delivery company is liable for a value of $40; if we don’t specify a higher value they only pay the first $40. Example: Canada post, on the letter it’s protected if they lose the letter they’re done. Postal System is national...
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...case in detail. The extreme view is that the optimal level of NWC is zero. This is based on the premise that working capital is an idle resource that provides little or no value to the stockholders. Research shows that there is a positive relationship between a reduction in working capital and stockholder wealth. However, is it possible for a firm to operate without any investment in working capital? It depends, probably not. Some investment in working capital acts as a shock absorber and reduces the firm’s risk and the cost of capital. 2. Describe the three motives for holding cash. Managers have a transactions motive to hold cash when expenses are unsynchronized with cash inflows. In this case cash provides a medium to fulfill payments in lieu of liquidating long-term assets. Thus, cash can reduce transaction costs and opportunity costs that stem from lost returns due to early liquidation. The transactions motive for holding cash is important for firms with unsynchronized cash inflows and outflows. Managers may hold cash for precautionary purposes because cash can buffer against unexpected contingencies or cash flow shortages; realized cash inflows may be less than expected. Precautionary cash holdings provide funding for purchases and repayment of debt, which are even more critical during tight credit periods when external capital is more difficult to acquire. Managers also have a speculative motive because cash holdings allow for the acquisition of positive net...
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...Balance Details Statement Date 23 Dec 2012 Payment Due Date 07 Jan 2013 Card Account Number Current Balance 23,421.29 Minimum Amount Due 1,172.00 Statement of Account MR MOSTAFIZUR RAHMAN APMO STANDARD CHARTERED BANK 12 WATER WORKS ROAD CHAWKBAZAR OLD TOWN DHAKA BANGLADESH 4321 5500 8135 0504 Total 23,421.29 1,172.00 Settle your credit Card outstanding using any of the following methods: • Payment through Online Banking (http://www.standardchartered.com/bd/en/) • Fund Transfer through our 24-hour ATMs • Cash payment at our 24-hour deposit machines • Cheque payment at our 24-hour deposite machines. Please issue the cheque in favor of 'Standard Chartered Bank' and mention your Credit Card number on the back of the cheque • Fund Transfer through our 24-hour contact centre • Direct Debit or Standing Instruction from any Standard Chartered Account NAME Cards Services 67, Gulshan Avenue,Dhaka - 1212 Statement Date 23 Dec 2012 MR MOSTAFIZUR RAHMAN Credit Limit ( BDT) 25,000.00 Available Credit Limit (BDT)* 1,578.71 Available Cash Limit (BDT)* 1,578.71 Payment Due Date Minimum Amount Due 07 Jan 2013 1,172.00 Current Bal 23,421.29 Amount (BDT) Prevoius Balance+ Purchases+ Cash Advances+ Interest/Charges2,070.19 Date Payments700.00 Credits 0.00 Currency Amount = 21,230.00 Description 0.00 821.10 Visa Classic - Global 23 23 29 29 29 01 08 08 08 13 23 NOV NOV NOV NOV NOV...
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...students by CDU will be sent to the student’s official CDU email address. CONDITIONS OF REFUND Please read the following Conditions carefully before applying for a student refund. A B Once the cashiers have received correctly completed documents your refund will be processed within 30 days. Refunds are processed in the same method of payment that they were originally received in. Refund cost and payment methods: • • • • • • Electronic Funds reansfer (EFT). Once the university has processed the refund, access to these funds will show within three (3) business days. Chq only change 3 business days. Credit cards 7-10 working days Cheque refunds in Australian Dollars are only processed on Thursdays and may take at least three (3) business days before you can access the funds once you have deposited the cheque into your bank account. Credit card refunds are only processed back on to a card if the original payment was made by credit card. Once the University has processed the refund, it may take up to seven (7) working days before the credit appears on your account due to bank processing practices. Under banking regulations, if a student has made a payment with a credit card any refund must be credited to the original card. Charles Darwin University will refund to the original credit card...
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...in deficit spending. My strategy for coping with the difficulties of financial management during these periods was based on three simple principles: 1. Think short-term: Long-term questions like how I was going to pay everything off were moot. The important thing was how I was going to keep meeting my immediate obligations until the next influx of cash came. 2. Favor liquidity: Given my access to credit, the only hard constraint was the availability of cash (meaning money in my checking account). If given a choice between going further into debt or making a cash payment that would quickly put me at risk of not being able to meet another cash obligation, I always chose going further into debt. 3. Preserve the credit rating: This meant always paying every bill by whatever means necessary. If I missed a single payment, that could lead to a decline in my credit-worthiness, leading to higher minimum payments and a decline in liquidity that could further endanger my ability to meet my...
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...Substantive Procedures for Cash Outflow Irregularities Substantive Procedures for Cash Outflow Irregularities Apollo Shoes has recognized that there is a risk of loss due to irregularities in cash outflows, accounts payable, and payroll. Substantive procedures for cash outflows, accounts payable, and payroll are needed to detect irregularities in each of these. Failure to implement appropriate procedures will lead to loss irregularities. Substantive Procedures to Evaluate Cash Irregularities Substantive procedures for detecting irregularities in the cash cycle follow normal audit procedures of testing internal controls over cash and by collecting and evaluating audit evidence are needed. Following instruction set forth by Joe Bootwell, Chief Financial Officer (CFO), Karina Ramirez, Director of Internal Audit, established the following procedures for testing cash irregularities (University of Phoenix, 2013). 1. Cash receipt procedures. Confirm that persons receiving cash are authorized. Evaluate mailroom cash receipt procedures. Confirm that surveillance cameras are recording properly. Confirm pre-numbered receipts are issued. Evaluate procedures for out of sequence receipts. Confirm cash deposits are made by a person other than those approved to receive cash. Confirm deposit reconciliations are made by a person other than the persons receiving and depositing cash. 2. Cash receipts are deposited daily and are in complete (Louwers, et al, 2011)...
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...plus travel and entertainment which covers better control over spending limit, establishes separate spending allowances for purchasing and travel and also reports for all company spending (PNC, 2010.) These reports help businesses keep track of all spending and purchases made by any employee who holds a card or who has access to these funds. The cards for travel or entertainment are for medium to large sized companies. According to PNC, these help reduce time and cost. PNC also offers Active Pay. Active Pay helps maximize payment controls, enhance transaction and data management and increase financial benefit (PNC, 2010.) Although PNC’s website does not expand on how this is done they do have a contact number for any business that is interested in opening an account with their financial institute. PNC also boasts with their cash management programs they help lower fees for payments as well as balance transfers. With businesses transfers and payments off an account may be more than a personal account, so lower costs in bank fees is always appealing to any company. Another bank that offers treasury management services is Wells...
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...to HQ for equipment 10. Suppliers send equipment to warehouses 11. HQ pays suppliers 12. Warehouse distributes equipment to stores and customers that made orders 2. A. List the specific items of information that are usually gathered at the POS (Point of Sale terminal or cash register) and recorded when a customer checks out (excluding obtaining the identity of the customer which is covered in Q3)? Staff Information | * Staff name * Staff position * Staff ID | Buying Product (s) | * Date and time * Transaction # * # of items sold | Cash Register Information | * Register # * Register model | Product Information | * Product barcode * Price of item * Color/style of item | Payment Information | * Payment method * Credit/debit card # * Total amount paid * Promotion code * Discount code | Store Information | * Store name * Store address | B. What are three important uses of this information at the store by the store manager and by management at the headquarters– a total of six uses? | Information Elements...
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...services are used. 3. Wages and salaries are accounted for on an accrual basis. The change would have no impact on reported expenditures under GAAP. The expenditure would be charged in the year in which the employees provided their services, irrespective of when they are paid. 4. Current standards state that vacation leave and other compensated absences with similar characteristics should be accrued as a liability as the benefits are earned by the employees if both of the following conditions are met: a. The employees’ rights to receive compensation are attributable to services already rendered. b. It is probable that the employer will compensate the employees for the benefits through paid time off or some other means, such as cash payments at termination or retirement. By contrast, sick leave need be accrued only to the extent that it will be paid as a termination benefit. The difference in accrual requirements is based on the degree of control over the absences. The employer and employee can control if...
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...will give you at least 30 days' notice before the change takes effect, unless you requested the increase. You may tell us at any time not to increase your credit limit. 1.3 If we decide to reduce your credit limit based on an individual assessment of affordability or risk, it may be appropriate to give no advance notice. In other cases, for example where we have carried out a general review of credit limits, it might be appropriate to give you at least seven days advance notice. We will not reduce your new credit limit below an amount equal to your balance plus any transactions that have been authorised but not yet charged to your account at the time that we decide to make the change. 2 MONTHLY REPAYMENTS 2.1 You must make the minimum payment every month. This will be the highest of: • • • £5 (or the entire amount if less than £5 ); 2.25% of the amount you owe us on your monthly statement; or an amount equal to any interest, account fees or Default Charges that have been added to your account since your last statement plus 1% of the...
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...the world might be the same as hundred years ago. “Creativity, understood as fruitful originality, not mere novelty, is omnipresent in human experience, from the brilliant artistic works, inventions and discoveries that change the course of one life or many to the everyday efforts of problem solving seen in verbal or mechanical wit” (Caramenico & Goodman, 2013). On the other hand, commercial and trade also play a substantial role in the development of society. Moreover, the method of payment, which is a crucial part of business, has had a tremendous impact on individual’s lives. This essay will analyse the creativity of payments in two aspects which are motivation and imagination by examing the development of human society. This essay will also provide two real world examples to give a critical analysis of how creativity is applied in payments. The methods of payments are everywhere in people’s lives, such as shopping or transfer accounts. According to Babbush & Charles (2008), “payment is the performance of a duty or proise, the discharge of a debt or liability by the delivery of money or something else of value. ” The global growth increased broadly as expected to 3.75% in the third quarter of 2014, up from 3.25% in the second quarter (“IMF Global GDP Outlook”, 2014), averagely, keeping stable increase. Simultaneously, the finance industry developed rapidly and played an increasingly...
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