results of assumed events rather than actual events. 3. Cash flows are the ultimate source of financial value. Therefore‚ cash flow analysis and forecasting are important parts of a firm’s financial plans. 4. After-tax cash flow is equal to earnings after tax plus noncash charges. 5. The statement of cash flows shows the effects of a firm’s operating‚ investing‚ and financing activities on its cash balance. 6. The percentage of sales forecasting method is used in estimating the amount
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Abstract Enterprise Rent a Car is a company which complies with the minimum requirements of the federal Family and Medical Leave Act. The Family and Medical Leave Act (FMLA) went into effect on August 5‚ 1993. FMLA provides employees with up to 12 weeks of unpaid leave within a 12 month period during which their jobs are protected. With FMLA‚ an employee ’s job restoration is guaranteed unless the employee is unable to perform the essential functions of the job. The following study will discuss
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Collusive and Non-Collusive Oligopoly What is an oligopoly? An oligopoly is a market dominated by a few producers . An oligopoly is an industry where there is a high level of market concentration. Examples of markets that can be described as oligopolies include the markets for petrol in the UK‚ soft drinks producers and the major high street banks. Another example is the global market for sports footwear – 60% of which is held by Nike a nd Adidas. However‚ oligopoly is best defined by the
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both inflation and unemployment in general as stated in previous studies and some economic theories that deal with these problems and their impact on GDP . According to jordan economy profile in mundi index‚ Jordan’s economy is among the smallest in the Middle East‚ with insufficient supplies of water‚ oil‚ and other natural resources‚ underlying the government’s heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty‚ unemployment
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each of these sectors are commonly termed consumption expenditures‚ investment expenditures‚ government purchases‚ and net exports. Aggregate expenditures (AE) are a cornerstone in the study of macroeconomics‚ playing critical roles in Keynesian economics‚ aggregate market analysis‚ and to a lesser degree‚ monetarism. In particular‚ aggregate expenditures are combined with the price level as aggregate demand. Aggregate expenditures are the total expenditures on gross domestic product. These expenditures
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differentiating between perfect competition and all other types of markets? Answer Selected Answer: whether or not firms are price takers Correct Answer: whether or not firms are price takers Question 7 10 out of 10 points In economic analysis‚ any amount of profit earned above zero is considered "above normal" because Answer Selected Answer: this would indicate that the firm ’s revenue exceeded both its accounting and opportunity cost. Correct Answer: this would indicate
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| |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the work you hand in. Write in dark blue or black pen on both sides of
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Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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1.0 Introduction Although inflation is generally thought of as an inordinate increase in the general price level‚ throughout the history of economics the causes of inflation and the definition of inflation itself remained as an unresolved issue. There is a general agreement that‚ in the long-run‚ inflation is a monetary phenomenon. In short-run‚ however‚ many other factors could cause inflation that instigates unsettled debate on the causes of inflation. Every school of economists tries to define
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Parameter Stability. Atlantic Economic Journal‚ 28(4)‚ 463. Bachmeier‚ L. J.‚ & Cha‚ I. (2011). Why Don ’t Oil Shocks Cause Inflation? Evidence from Disaggregate Inflation Data. Journal of Money‚ Credit & Banking‚ 43(6)‚ 1165-1183. Balke‚ N. S.‚ Brown‚ S. A.‚ & Yucel‚ M. K. (2002). Oil Price Shocks and the U.S. Economy: Where Does the Asymmetry Originate? Energy Journal‚ 23(3)‚ 27-52. Barsky‚ R. B.‚ & Kilian‚ L. (2004). Oil and the Macroeconomy Since the 1970 ’s. Journal of Economic Perspectives‚ 18(4)‚ 115-134
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