Chapter 5: Making a Living I. Adaptive Strategies Yehudi Cohen (1974) argued that similar economic causes have similar sociocultural effects Ex. There are clear similarities among societies that have a foraging strategy Cohen developed a typology of five adaptive strategies: Foraging Horticulture Agriculture Pastoralism Industrialism A. Foraging Although there are different types of foragers‚ they all share one essential feature: people rely on nature to make their living. Animal domestication
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Chapter 5 Interest Rates 5.1 How Financial Institutions Quote Interest Rates: Annual and Periodic Interest Rates 1) If you take out a loan from a bank‚ you will be charged ________. A) for principal but not interest B) for interest but not principal C) for both principal and interest D) for interest only Answer: C 2) A company selling a bond is ________ money. A) borrowing B) lending C) taking D) reinvesting Answer: A 3) The phrase "price to rent money" is sometimes used to refer to ________
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Chapter 6 1. Why are people willing to take the risks of entrepreneurship? People are willing to take the risks of entrepreneurship because it allows them freedoms and many opportunities that they feel are worth the risks involved. Many are finding that the corporate world is just as risk involved these days as owning their own business‚ since it is becoming more and more common to see hard working and long term employees being fired when times got hard. 2. What are the advantages of entrepreneurial
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Chapter 5 Student: ___________________________________________________________________________ 1. The success of the rose industry in Ecuador is a good example of the economic benefits of what? A. Free trade B. Restrictive government regulations C. New tax rules D. Technological advancements E. Firm rivalry 2. Propagated in the 16th and 17th centuries‚ __________ advocated that countries should simultaneously encourage exports and discourage imports. A. ethnocentrism B. capitalism C. collectivism
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Question 1 Your finance text book sold 53‚250 copies in its first year. The publishing company expects the sales to grow at a rate of 20 percent for the next three years‚ and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places‚ in all cases round your final answers to the nearest whole number.) Number of copies sold after 3 years Number
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Commercial Banking FIN 323 Dr. Mehdi MILI Associate Professor Department of Economics and Finance‚ CBA‚ University of Bahrain‚ Bahrain. 1 Academic year 2014-2015 Chapter 11 Liquidity and Reserves Management: Strategies and Policies 2 This chapter has a lot of theory that is not written in the slides‚ reading the book is essential. 3 Intro Key 1. 2. 3. 4. 5. 6. Topics: Sources of Demand for and Supply of Liquidity Why Financial Firms Have Liquidity Problems Liquidity Management Strategies
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Chapter 5- Affirmative Action Case 1-Local 28‚ Sheet Metal Workers v. EEOC I- The union and its apprenticeship committee were found guilty of discrimination against Hispanics and blacks were ordered to remedy the violations. Found in contempt of court orders to remedy violations‚ court eventually imposed fine and an affirmative action plan as a remedy. Did provisions of Title VII give the courts power to order race conscious membership quotas? R- Title VII A- The court held that Title VII doesn’t
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CHAPTER 5 BALANCE SHEET AND STATEMENT OF CASH FLOWS IFRS questions are available at the end of this chapter. TRUe-FALSE—Conceptual Answer No. Description F 1. Liquidity and solvency. T 2. Limitations of the balance sheet. T 3. Definition of financial flexibility. T 4. Long-term liability disclosures. F 5. Definitions of the balance sheet. F 6. Land held for speculation. T 7. Balance sheet format. F 8. Purpose of statement of cash flows. F 9. Statement of cash flows
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interest exp. (400‚000 + ½ (300‚000)) 5% = (550‚000) 5% = 27‚500 Long-term interest exp. (400‚000 + ½ (300‚000)) 10% = (550‚000) 10% = 55‚000 27‚500 + 55‚000 = 82‚500 Earnings before interest and taxes = 200‚000 Interest expenses = 82‚500 Earnings before taxes = 200‚000 – 82‚500 = 117‚500 Taxes = 117‚500 X 34% = 39‚950 Earnings after interest and taxes = 200‚000 – 82‚500 – 39‚950 = 77‚550 B. Short-term interest exp. ( ½ (400‚000)) 5% = (200‚000) 5% = 10‚000 Long-term interest exp. (400
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Questions Chapter 1 1. How does managerial accounting differ from financial accounting? The essential difference between managerial accounting and financial accounting is that managerial accounting attends the needs of managers inside the organization‚ while financial accounting serves the needs of those outside the organization. There are also specific guidelines that are used (GAAP/IFRS) in financial accounting and is mandatory whereas there are no guidelines in managerial accounting and is
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