73-240 | Recitation A Problem Set 1 Problem 1: Nominal GDP‚ Real GDP‚ Price Indices‚ and Inflation A. Nominal GDP in Year 1 = $430 Nominal GDP in Year 2 = $617.50 Growth Rate of Nominal GDP = 44% B. RGDP(1) in Year 1 = $430 RGDP(1) in Year 2 = $410 RGDP(1) growth = -4.65% RGDP(2) in Year 1 = $655 RGDP(2) in Year 2 = $617.50 RGDP(2) growth = -5.73% The answer differs depending on which base year you use because the relative prices of the goods in comparison to each other (price
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What was the contribution by the Australian Flying corps in World war ? In 1914‚ Australia created its very first militarised aviation base located in Point Cook‚ Australia had became the first British Dominion for service during world war 1. Australia had created four squadrons‚ the first one had been sent to Mesopotamia located in the middle east in 1916 and the last 3 were deployed to the Western Front to fight in France. On the 8th of February 1915 Australia received a request from the Viceroy
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PROBLEM 26-1 : Dover Rubber Company If volume is "100.000" ; Revenue = 73.50$ x 100.000 = 7.350.000 $ Variable cost = 34.30$ x 100.000 = 3.430.000 $ Contribution Margin = 7.350.000 - 3.430.000 = 3.920.000 $ If volume is "500.000" ; Revenue = 41.65$ x 500.000 = 20.825.000 $ Variable cost = 34.30$ x 500.000 = 17.150.000 $ Contribution Margin = 20.825.000 - 17.150.000 = 3.675.000 $ ** According to the calculations‚ Dover Rubber Company should reject the offer because the difference between two contribution
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1. What was Harry Wiley’s message? Did he relate it properly? How would you have received it? Harry’s message to Terry was that he has to make more of a concerted effort to get to know his customers‚ particularly Blandings Consolidated‚ a customer accounting for 30 percent of the territory’s business. There is a longstanding relationship between the two organizations and Harry wants to nurture and further develop that relationship. The pertinent questions posed by Harry while having cocktails and
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1.a.) This case discusses the ethical decision the Quebec Foundation of Labor’s Solidarity Fund had to make as to how to proceed in its relationship with Gildan Activewear. The Solidarity Fund began investing in Gildan in 1995. Gildan grew‚ expanding to the US and Honduras to pursue vertical integration. In 2002‚ the Canadian Broadcasting Corporation aired an exposé depicting the deplorable conditions of operations in Gildan’s El Progreso factory. Outside monitoring agencies performed audits and
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firm’s share prices are sluggish. Their price-to-earnings ratio is also below investor’s expectation in comparison to the company’s risk. With nearly $2 billion being invested in upcoming capital projects‚ the discount rate to be used within the firm (1) needs to be more accurate‚ (2) account for risk‚ and (3) not destroy shareholder’s value. The hurdle rate set at 9.3% is derived from using the WACC. In 2004‚ Telecommunications Services has returned less than the hurdle rate at 9.1%‚ while Products
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Practice Problems: Chapter 2‚ Chapter 3‚ and Chapter 4 Chapter 2: 1). Consider an economy that produces only hot dogs and hamburgers. In the following table are data for two different years. 2010 2015 Good Quantity Price Quantity Price Hot Dogs 200 $2 250 $4 Hamburgers 200 $3 500 $4 a) Using 2010 as a base year‚ compute the following statistics for each year: nominal GDP‚ real GDP‚ and GDP deflator. Please show your work to get full credit.
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McDonald’s Corporation 1.0 Introduction of the company McDonald’s is the world’s largest chain of fast food restaurants‚ serving 69 million customers daily. Since its founding in 1948‚ McDonald’s has grown from a family burger stand to a global fast-food behemoth operating more than 34‚000 local restaurants in 119 countries. 80% of the restaurants are owned and run by independent local men and women as the result of franchising. McDonald’s is known as a sign of globalization‚ as it operates all
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Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy‚ with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers‚ including attracting foreign
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of Fair Value Disadvantages of Fair Value The debate on Financial Stability Conclusion References Introduction Society’s major concern is the recent financial crisis which had an unprecedented impact and dire consequences on the global economy and the current economic regulations around the world. The beginning of the economic paradigm change was the major collapse of previously leading financial institutions such as Wachovia‚ Bear Stearns‚ Merrill Lynch and Lehman
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