The interest charged on the multimillion dollar loan clearly will have a significant impact on the company’s financial reports. Thus, the Financial Accounting Standards Board (FASB) established SFAS No. 34, “Capitalization of Interest Costs,” to provide guidance on how to record this type of interest properly. Basically, this standard explains that the interest on the loan for building your new facility can be capitalized, as part of the costs of the facility because it meets their two criteria, (1) it is not yet ready for use, and (2) it is currently under construction (p.
(p. 193) Implications of _______________ theory are that pay level affects an employer's ability to recruit. a. human capital B. reservation wage c. signaling d. efficiency 5. (p. 194) ____________ sets a maximum pay level an employer can pay. a. Government legislation B.
The order of competitive forces from strongest to weakest in Porter’s five forces model are as follows: Potential Entrants – Substitutes- Industry Rivalry- Buyers- and Suppliers. I believe that potential new entrants help liquidate the pay day market which might drive demand down in individual stores (the entries to barrier are extremely low 135k for startup), followed by substitutes such as credit cards offered by Providence (which were marketed towards unbanked costumers), current industry rivalry also proved to be a competition force that affected individual pay day locations (similar reason to new entrants). 3. What are the driving forces that are currently affecting the payday lending industry? The driving forces that are currently affecting the payday lending industry are entry or exit of major firms, regulatory influences and government policy changes, marketing innovation, and lastly changing societal concerns and attitudes.
The author of the article titled Arguments for Raising Minimum wage, Sue-Lynn Cathy, addresses poverty and how to fight it. Sue suggests that a minimum wage increase would help individuals that are considered a part of the “near poor” category move out of poverty entirely and to keep it that way permanently. I agree with Sue’s stance on this argument, I think that it would help people who are in poverty, and really would not only be beneficial to us as individuals, but as a nation as well. Supply-side politicians generally argue that a minimum wage is bad for the economy because of the fact that it artificially pushes up income levels, and that in time it is bad for business and will lead to inflation, and also inefficient capital markets. Joyce Hanson, author of Four Arguments for Raising the National Minimum Wage, gives four reasons as to why our national minimum wage should be raised such as the following: 1.
Also, your company was asked for donations of day old products by the food bank. Your management declined and chose to throw the products away. Management worries over lost revenue due to fraud and stealing by employees who might say they were donating food. In doing my evaluation of the given facts, I see areas in your company that could be improved in regards to the attitude toward social responsibility. Economic: maximizing stockholders wealth and value In regards to evaluating your company on their attitude toward economic social responsibility, I have found that your company has made some good moves, although there could be some improvements made in this area.
Tax Exempt Status A Review of Credit Unions Tax Exempt Status Professional Writing Instructor: Alice B Smith Cohort Number LNBA06 August 12, 2013 Credit Unions 1 Thesis Having the tax exempt status can give credit unions a competitive edge by offering lower loan rates, lower fees, higher savings rates, and options for the consumer. Banks do not agree with the tax exempt status that credit unions have been given. Credit Unions 2 Why Credit Unions Should Remain Tax Exempt 2008 and 2009 will be remembered as the years the invisible became visible. The world financial markets and the banking industry became the center of attention due to
Answer: D Diff: 1 Topic: Definition of Economics 3) Which of the following is a microeconomic topic? A) the reasons why a consumer buys less honey B) the reasons why the average price level in a country falls C) the cause of increasing unemployment D) the effect of the government budget deficit on inflation E) the reasons why the labour force in a country decreases Answer: A Diff: 1 Topic: Definition of Economics 4) The study of how wages are set for New Brunswick teachers is classified as A) a macroeconomic topic. B) a microeconomic topic. C) economics of social interest. D) economics of private interest.
In my opinion I don’t think that austerity was the main reason for labours loss in 1951. The Oxford English Dictionary definition of austerity is “difficult economic conditions created by government measures to reduce public expenditure”. In economics, austerity refers to a policy of deficit-cutting by lowering spending by reducing the amount of benefits and public services it provides. In the years 1945-1951 the Labour government used policies such as the “fair shares for all” policy of food rationing to help the economic recovery of Britain after World War II. In 1945 some of the middle classes had voted labour for the first time but it could be argued that many of these people went back to voting conservative in 1951 because they were fed up of the austerity and rationing that Cripps brought into Britain.
Who benefits and who loses when a common market for labour is extended to more countries? Explain using: ecconomic theory EU experience, in particular after the 2004 enlargement The labour mobility problems that are created when a common market for labour is extended to more countries have been a major concern of the European Union when considering expansion because member states have always feared their economies would suffer due to the cheap labour coming from poorer nations. Considering the fact that the recent expansion added ten members eight of which have significantly lower wages than other countries and large labour forces makes this concern even more pertinent. Since labour mobility is part of the core freedoms in the Union, the Treaty of Rome that was put into effect in 1958 committed member states to allow for the free movement of labour. This implied that nothing would stop labour from moving within member states and there will be no discrimination against workers based on their nationality, provided the nation is within the customs union.
Research by economists David Neumark of the University of California, Irvine, William Wascher of the Federal Reserve Board, and Mark Schweitzer of the Cleveland Fed shows that that minimum wages increase poverty; therefore poverty reduction certainly shouldn’t be expected as a benefit of raising the minimum wage (qtd. in the National Review). One of the economists mentioned above, David Neumark states, “The principal sources of an individual’s higher earnings are more schooling and the accumulation of experience and skills in the labor market,” both of which are discouraged by increases in the minimum wage. Neumark, further simplifies this thought in the