Its average sales per day were $ 668.49 during 2008 and its average collection period was 99 days. This represented an improvement from the average collection period of 105 days in 2005. 3. SciTronics apparently needed $ 29,000 of inventory at year-end 2008 to support its operations during 2008. Its activity during 2008 as measured by the cost of goods sold was $ 74,000.
Problem Set 5 1) What is the “rate of unemployment”, what components does it consists of, and how is it calculated? What happened to this rate in Australia during 1970-1983, and during 1992-2007? Give at least two reasons for the observed trends in each period. The rate of unemployment refers to the percentage of the labour force that is unemployed. The unemployment rate consists of the labour force and number of people actively seeking work whom are unemployed within the labour force.
Yeah Australians pay more than Americans for a majority of their products. In Australia's case they have more purchasing power per a citizen then America does by a landslide. Your average Aussie citizen is not nearly as poor as your average American. The national average minimum wage in America is around $6.50 an hour. $9.04 is the highest and 5.15 is the lowest recorded state wage as of January 1st 2012.
The demand for a product/service goes up so the price of the service goes up. The opposite to anticipation inflation is unanticipated inflation which is when the price of goods/products unexpectedly rise. Ms.Wang originally spent £1900 a month on drawings and then she cut it back to £1000 a month. This saved her a total of £900 a month meaning she saved £10,800 in a year. She cut her
By 2015–16 the annual aid figure is estimated to reach around $8–9 billion (0.5 per cent of Gross National Income). Where we give aid Australia's aid program focuses on the Asia Pacific region. We are internationally recognised for our leading role in the region, particularly in PNG and the Pacific. Our aid is even more important given two-thirds of the world’s poor—some 800 million people—live in the Asia Pacific, yet they receive less than one third of global aid. Australia also provides assistance to Africa, the Middle East, Latin America and the Caribbean.
Determinate sentences involve sentences that have a fixed or flat time (Jirard, 2009). Determinate sentences play a large part in the increasing number of individuals in prison, which, as you can imagine, puts more strain on prisons financially. In the past two decades, we have become increasingly “tough on crime” which has helped to decrease crime to a certain extent. According to an article in the New York Times (2008), the US has fewer than five percent of the entire world’s population, but almost twenty five percent of the world’s prisoners (Liptak & , 2008). The author of the article goes on to say that people in the US are sentenced to do time for crimes that would not produce such a sentence in other countries.
The first concern is the projected units that will be sold and the amount of revenue in year 9. The company’s sales budget indicates that 3,510 units will be sold in year 9, generating $5.25M in revenue, which is an increase of 3.2% over year 8. While the forecasted units of 3,510 in year 9 seem in line with the 3,400 units sold in year 8, it is in sharp contrast with the trend over the past 2 years. In reviewing the horizontal analysis data, revenue increased by 33.3% between years 6 and 7 then dropped by 15% between years 7 and 8 due to the decline in economic conditions. The weaker economy resulted in sponsorship cutbacks for professional riders.
Situational Analysis As shown in Appendix 1; in 2011, Livoria generated 53% contribution margin which is almost 10% higher than the industry average. However, its operating income was only $4,797 in 2011 - more than 18% lower than the industry average.
As shown on Figure 1 above, due to the economic recession the official poverty rate jumped by 2.6% between 2007 and 2010; likewise, the unemployment rate increased from 4.6% to 9.6%; yet the supplemental poverty measure remained at around 15.5% flat, mostly by virtue of the EITC (Hoynes, 2014:26). Smeeding, Phillips and O’Connor (2000) found that a large majority of EITC beneficiaries depend on the credit to pay for priority uses such as paying bills and make ends meet. Beverly (2002:260) argues that the EITC also provides a short term safety net for families experiencing shocks to earnings; Dowd and Horowitz (2011) found that more than 60% of the beneficiaries of the credit between 1989 and 2006 claimed the credit for only one or two years at a time (Cited in Charite, Dutta-Gupta & Marr, 2012:7). Denver resident and anti-poverty advocate Corrine Fowler found herself jobless and a single mother in 1997; she says “It really kept me from either becoming homeless or having to move in with my mother” (Phillips,
Many had experienced more than one mental illness at a time, such as anxiety and depression, which commonly occur together. Each year a further 20 000 Australians are found to have a mental illness. In 2010, mental illnesses were ranked fourth among the leading causes of disease burden in Australia, carrying a greater burden of illness and disability than any of the other problems. Under the new reform to increase the mental health budget to 2.2 billion over the next five years, $580.5 million has to be redirected from the Better Access program. This slash in the Better Access program, despite helping the Government’s new commitment to mental, would have translated to a reduction in