ECON112 Macroeconomics Problem Set 3 *Solution* Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) -----------------------------------------------------------------------------------------------------------------------------------Posted: Monday‚ November 1‚ 2010 Due: 5:30 PM Monday‚ November 8‚ 2010 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (15 marks‚ 3 marks each: 1 mark for correct judgment
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Recording the sale‚ but reducing sales by an estimate of future returns. All of the above. 2. (TCO A) During 2010‚ Steele Corporation sold merchandise costing $1‚500‚000 on an installment basis for $2‚000‚000. The cash receipts related to these sales during 2010 were $800‚000.What is the amount of deferred gross profit Steele Corporation will report on Dec 31‚ 2010? (Points : 6) $700‚000 $200‚000
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Principal –agent conflict arise because managers & shareholders view the role of the corporation differently. Investors see corporation as investment vehicles. Shareholders want corporate managers to work diligently and efficiently towards the simple goal of maximizing the value of their ownership stake. However‚ the relationship between the managers of a corporation and its owners is complex. The principle of self-interested behavior tells that people‚ including managers and stockholders‚ work
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independent estate agent Heaventown is a leading residential property company in the UK‚ working across local‚ national and international markets‚ delivering unrivalled customer service through the commitment and inspiration of its staff. . Our agency provides a full range of professional property services including: Sale and Purchase of all types of property‚ Villas‚ Town and Village houses‚ flats and plots etc. Drafting of all types of contract pertinent to the sale or purchase of a property
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OF AGENCY PREPARED BY: NAME: MOHAMAD AL-HAFIZ BIN SALLEH MATRIC NO.: 10071260 NAME: SITI RAHIMAH BINTI RAZMAN MATRIC NO.: 10071260 NAME: NURUL ASHIKIN BINTI MD. YUSOF MATRIC NO.: 10071260 NAME: KHATIJAH BINTI AHMAD MATRIC NO.: 10071260 NAME: LYANA NADIA BINTI SALAHUDIN MATRIC NO.: 10071260 SEMESTER 4 2011/2012 ABSTRACT An agent’s authority can be terminated at any time. If the trust between the agent and principal has broken down‚ it is not reasonable to allow the principal to
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To appear in: Moutinho and Hutcheson: Dictionary of Quantitative Methods in Management. Sage Publications Principal Components Analysis Introduction Principal Components Analysis (PCA) attempts to analyse the structure in a data set in order to define uncorrelated components that capture the variation in the data. The identification of components is often desirable as it is usually easier to consider a relatively small number of unrelated components which have been derived from the data than
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Table of content Preface………………………………………………………………….1 Chapter 1. Prerequisites of the agency problem and different approaches to solving it 1.1 How we detect an agency problem……………………………………..3 1.2 Remedies of agency problem…………………………………………….5 1.3 Different approach for different types of companies……………….10 Chapter 2. Practical examples of agency problem’s solution 2.1 Good intentions usually backfire……………………………………….13 2.2 Positive examples and new ideas………………………………….........17 2.3 Foregoing
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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an ’21st’ century way of budgeting‚ it was introduced over 10 years ago so that organisations can be more adaptive to change within organisations. One of disadvantages of beyond budgeting is that managers within the organisations will experience problems such as planing and preparing for the future because of today’s uncertain environment I.e there may certain times where organisation can’t meet requirements of resources because of the continuous recession. One of the way beyond budgeting works is
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Agency Theory and Its Consequences A study of the unintended effect of Agency Theory on Risk and Morality M.Sc. FSM Master Thesis: Agency Theory & Its Consequences Master Thesis at Copenhagen Business School Student: Thomas Rüdiger Smith Programme: M.Sc Finance & Strategic Management Advisor: Sven Junghagen‚ Department of Management Politics & Philosophy August‚ 2011 Total Pages: 78 (133 with appendix and summary) Characters: 181647 (246486 with appendix and summary) Thomas Rüdiger
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