travelled through the use of transport in the decade 1995 to 2005. This has been the case as vehicles such as cars have become more affordable and convenient to use in terms of their mobility. * In total around 159.08 billion Euros were spent by UK households on transport in 2005 * 51% of total expenditure in 2005 was on transport. There has been a prediction that by 2025 that there will be an extra 4 million trips made every day by a form of transport. * 15% of final household expenditure
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Chapter 1 The Big Ideas in Economics Think of why some goods should be allocated by money while some not. Why demand curve is downward sloping? Two effects: 1.Substitution effect (dominent) 2.Income effect (small) The demand&supply curve can be read horizontally or vertically. You should be familiar with both ways of reading. Chapter 3 Supply&Demand Concepts: 1.A normal good: a good for which demand increases when income increases. An inferior good: a good for which demand decreases
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w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2009 question paper for the guidance of teachers 9708 ECONOMICS 9708/22 Paper 22 (Data Response and Essay – Core)‚ maximum raw mark 40 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award
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Makhirev Artem 111 Education in the UK and in Russia. Education in the United Kingdom is different between countries. Countries of the United Kingdom have separate education systems under separate governments: the UK Government is responsible for England; the Scottish Government‚ the Welsh Government and the Northern Ireland Executive are responsible for Scotland‚ Wales and Northern Ireland‚ respectively. In Russia education is the same in every region of the country. However‚ there may be a few
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journal entries. We will discuss the importance of the journal entries. Next‚ we will talk about their effects on the financial statements. Finally‚ we will summarize what we have learned about journal entries. A journal entry is the record of financial transactions recorded into a journal. This journal gives details about all the financial transactions of a business and tells which accounts these transactions affect. The transactions are initially recorded in the journal using the double-entry or single-entry
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! Journal Entry #1 ! ! ! My friend Banquo and I were returning from a battle we had just participated ‚ as we rode our horses on a trail that leads us to King Duncans castle i felt a very unusual feeling i’m not quite sure if it was because i had just killed thousands of men or if there was a beyond explanation to why i felt so unusual. Banquo and I were still on our way when suddenly we both heard odd noises ‚ I was prepared to defeat anything or anyone coming my way. I yelled out to say
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A journal entry is the record of a money related transaction recorded (unaltered) in a journal. A journal items all the budgetary transactions of a business and which accounts these transactions influence. All business transactions are at first recorded in a journal utilizing the double entry or single-entry strategy for accounting. Ordinarily‚ journal entries are entered in order request and charges are entered before the credits. They furnish foundational data for all other monetary reports and
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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Goods (clothing) Automobiles Barriers to entry Very low High Moderate High Number of organizations Many competitors Thousands Single Many competitors Few 3 or 4 major competitors Price elasticity of demand Inelastic demand curve will be less than 1 Inelastic demand curve will be less than 1 Elastic demand curve will be greater than 1 Elastic demand curve or Kinked demand curve will be greater than 1 Is there a presence of economic profits? No Yes Yes Yes Introduction:
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better. I am also hoping that my supervisor will be proud of me‚ and continue asking me to mentor new people‚ and hopefully give me a raise or a promotion. To better understand accounting we need to know why adjusting entries are so important to a business. Adjusting journal entries are made at the end of each closing period to adjust the account balances. Most of the time‚ this is necessary in order to achieve a clean cut-off at the end of the accounting period‚ and to ensure the accounts are complete
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