theory identified that fixed capital formation was a major source of economic growth and development. It also pointed out a need for a raise in domestic savings rate in the poor countries since savings led to investment to create capital. Arthur Lewis‚ in his contribution to Development Economics in his 1945 model focused on the rate of savings and investments as the central determinant of development and growth. This basic understanding of development economics can still be sustained today through
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Integrated Case 5-42 First National Bank Time Value of Money Analysis You have applied for a job with a local bank. As part of its evaluation process‚ you must take an examination on time value of money analysis covering the following questions. A. Draw time lines for (1) a $100 lump sum cash flow at the end of Year 2‚ (2) an ordinary annuity of $100 per year for 3 years‚ and (3) an uneven cash flow stream of -$50‚ $100‚ $75‚ and $50 at the end of Years 0 through 3. ANSWER: [Show
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have-nots‚ and a subterfuge for the have-nots. In the second sentence of the second paragraph the article states‚ “… and for the purposes of investment decisions‚ the second group didn’t matter; tracking its spending habits or worrying over its savings rate was a waste of time.” This statement further develops the premise that the rich’s control over the markets is so great that the Middle Class’ impact is negligible. Mr. Peck delivers a compelling article which suggests by force of argument
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respect to his compensation‚ terms‚ conditions‚ or privileges of employment‚ because of such individual’s … sex.” Civil Rights Act‚ 1964. In Meritor Savings Bank v. Vinson‚ the court held that “a plaintiff may establish a violation of Title VII by proving that discrimination based on sex has created a hostile or abusive work environment.” Meritor Savings Bank v. Vinson (US 1986). A hostile work environment is created when the environment at work creates anxiety so severe as to result in an alteration
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Date: 14/11/2012 52. Annuities: You are saving for the college education of your two children. They are two years apart in age; one will begin college 15 years from today and the other will begin 17 years from today. You estimate your children’s college expenses to be $23‚000 per year per child‚ payable at the beginning of each school year. The annual interest rate is 5.5 percent. How much money must you deposit in account each year to fund your children’s education
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successful investment strategies‚ which have often included acquisitions. In addition to acquisitions Amazon has also grown through internal development: membership program‚ partnering with convenience stores (which provides convenience to customers and saving costs for Amazon) What’s more‚ it has also grown through innovation in the product area Key resources Bezo’s notable ideas regarding the digital interface: it allows Amazon to have limitless stock on hand at all times‚ it enables Amazon to collect
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1.2 The original productivity of the line was 20 valves per hour. After the changes by John Goodale the line productivity was 22.5 valves per hour. The percent change was 12.5. We found the original productivity by dividing 160 valves produced by an 8-hour shift. The new line productivity was found by dividing 180 valves by an 8-hour shift. Calculating the difference between the new line productivity and the old-line productivity‚ and then dividing that number by the old-line productivity gave us
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1.) On January 1‚ 2010‚ Ott Co. sold goods to Flynn Company. Flynn signed a zero-interest-bearing note requiring payment of $80‚000 annually for seven years. The first payment was made on January 1‚ 2010. The prevailing rate of interest for this type of note at date of issuance was 10%. Ott should record sales revenue in January 2010 of what? Present value of annuity due PVad = [ $80‚000 x f( n=7‚ i=10%)] x (1+.10) PVad = $80‚000 x 4.868 x 1.10 = $428‚384 2.) On January 1‚ 2010‚ Haley
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In the article “Maybe Money Does Buy Happiness After All‚” David Leonhardt discusses whether or not money is a factor that affects ones happiness. Leonhardt is an American journalist and a columnist. Leonhardt graduated from Horace Mann School in 1990. He later on continued his studies at Yale University and graduated with a bachelor in science and a degree in applied mathematics. While his experience in Yale‚ Leonhardt worked as an editor-in-chief in the Yale Daily News. He won many awards including
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Young people these days are less interested in studying than in earning money.’ This has been said by many people‚ and to a certain extent‚ is absolutely true. The bad thing is‚ people take this as bad‚ but this has always been the case since the invention of currency. People just see what’s on the outside‚ and don’t care to dig inside on these types of matters‚ thus making uneducated comments. You can’t comment on a thing you haven’t experienced yourself‚ or studied it thoroughly. So here’s my account
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