would come from the May Sales from customers at 38% collected ($307‚000)‚ June sales from customers of $495‚000 budgeted accounts receivable. A significant amount of cash is carried over to the following month based on these current terms. The Cash Outflow would come from Materials purchased. The finished goods inventory is budgeted to increase from 600 to 650 on the Deluxe and 250 to 400 units of the Standard in order to meet the budgeted units sold which increases inventory by $11‚600. Based on
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Question and answers for homework-1 1. What is the difference between a financial asset and a tangible asset? A tangible asset is one whose value depends upon certain physical properties‚ e.g. land‚ capital equipment and machines. A financial asset‚ which is an intangible asset‚ represents a legal claim to some future benefits or cash flows. The value of a financial asset is not related to the physical form in which the claim is recorded. 2. What is the difference between the claim
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“The sum of the current assets is the working capital of the business” Working capital is defined as “the excess of current assets over current liabilities and provisions”. But as per accounting terminology‚ it is difference between the inflow and outflow of funds. In the Annual Survey of Industries (1961)‚ working capital is defined to include “Stocks of materials‚ fuels‚ semi-finished goods including work-in-progress and finished goods and by-products; cash in hand and bank and the algebraic sum
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Assignment Questions (Summer‚ 2012) Part A – Microeconomics – Worth 10% of total assessment: Answer any five (5) of the following questions. Each question is worth 10 marks. Question 1: Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice. (a) The cost of cocoa (1 mark). (b) Business rates (local taxes).(1 mark) (c) An advertising campaign for a new chocolate bar
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the left. e) How does the new long-run macroeconomic equilibrium differ from the original equilibrium? The price level is higher and real GDP is the same. 2) Studies indicate that net exports and net capital outflows tend to be equal. a) Why are net exports and net capital outflows tend to be equal? How does an increase in the price level change interest rates? The value of produced in any country is always equal to the value of reciprocal payments of some asset made by buyers in other countries
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development and construction. The exploration phase covers the process of finding the deposit. It includes the geological‚ geophysical and geochemical studies made over wide areas to obtain information and the acquisition of exploration rights in the most promising areas. Evaluation is work undertaken to determine whether the prospect is commercially viable. It includes evaluation of the extent and quality of the deposit‚ and a consideration of the technical feasibility of extracting and selling it economically
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purchase and sale of bonds and equities listed on international and domestic capital markets; and other foreign investment which consists of foreign loans and deposits between banks‚ companies and governments. South Africa‚ just like other several developing countries has recorded large capital inflows in recent years‚ reversing a trend of outflows. Much of this new capital inflow has been in the form of portfolio investment. This has been attributed to large domestic capital markets in South Africa
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JAPAN’S BOP ANALYSIS By Aslı AKDAŞ GENERAL ANALYSIS ABOUT THE ECONOMY: The general public tends to know little about the balance of payments (BOP)‚ recognizing only that more exports mean a surplus while more imports create a deficit. However‚ the BOP reflects a country’s economy and industrial structure like a mirror. And Japan’s balance of payments has undergone considerable change over the last 20 years. First‚ with very few exceptions‚ Japan’s trade balance has remained consistently
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Part B – Macroeconomics – Worth 10% of total assessment: Answer any five (5) of the following questions. Each question is worth 10 marks. Question 9: An economy is currently in equilibrium and the following figures refer to elements in its national accounts: $ billion Consumption (total) 60 Investment 5 Government expenditure 8 Imports 10 Exports 7 a) What is the current equilibrium level of GDP? (1 mark) b) What is the level of injections? (1 mark) c) What
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Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
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