b. Revising the estimated life of equipment from 10 years to 8 years. c. Not writing off obsolete inventory. d. Reducing research and development expenditures. 2. Prophet Corporation has an extraordinary loss of $200,000, an unusual gain of $140,000, and a tax rate of 40%.
All profitability ratios are showing decline in the year 2008 as compared to 2007. The assets turnover went down by 1.92 times, the profit margin went down by 4.58%, the return on assets turnover went down by 46.57% and return on shareholders’ equity went down by 67.09%, they all went down due to decline in revenues in 2008 as compared to 2007. The solvency ratio has shown improvement in the year 2008 as it down to 15.88% from 24.47% in 2007, which shows a decline of 8.59%. It shows that company has less relied on debt financing against its total assets in 2008 as compared to 2007. Horizontal Analysis The net income in the year 2008 went down by around 35.87%; it was due to decline in revenues by 16.53%.
The defense budget covers everything from military paychecks, to operations in Iraq and Afghanistan, to the research, development and acquisition of new technologies and equipment. Lawmakers drastically reduced defense spending following the collapse of communism in the early 1990s. The 9/11 attacks reversed this trend, and the $2,800 per household increase since 2000 has returned defense spending closer to its historical levels (but still lower than during previous wars). Anti-poverty programs: $5,374. Nearly half of this spending subsidizes state Medicaid programs that provide health services to poor
If Casper decided to take out a loan that charges 20% APR over one year for the amount of £2000 over 12 months he would expect to pay £183 per month for 12 months with interest of £205. (candid money calculator accessed 28/7/11) If Casper makes the decision to use his credit card and he borrowed £2000 over 2 years at 15% APR his total monthly payments would be £96.08 per month, the interest would calculate to £306 this would be a total repayment of £2306 over 2 years. (candid money calculator accessed 28/7/11) Comparing the ‘loan’ to the credit card loan, Casper would pay his debt back quicker but at nearly double the price of the credit card loan, the advantage the credit card loan has, his monthly installments will be half of what the ‘loan’ but at 2 years rather than 1 year. Question 2 In question 2 of this essay I shall attempt to answer questions on expenditure and budgeting, giving a brief example from the study of the personal finance course book DB123 and the transcript of the dvd accessed on the Open University website.
This report is to examine and analyze the Australian Federal Budget for 2011. It will examine the overview of the budget including increase of spending and budget cuts, benefits and the disadvantages of this budget. This year’s budget was quite different to the last couple. This one is about budgets cuts and getting back to surplus as the deficit of 27 billion dollars and it is predicted to be in surplus by 1.7 billion dollars by 2013 although that figure has come under scrutiny if would actually get that figure. Over the last couple of years it has been about spending which would in turn stimulate the economy by more jobs and consumer spending such as the $900 that was given out to most Australians which did very well especially to the struggling
“It’s a matter of incentives and market failure.” With 741,000 U.S. jobs lost in January 2009—the biggest one-month drop in 59 years—along with U.S. market failures in housing, banking, and the automobile industry among other industries, President Obama had to take drastic action to try to revive the economy. In 2009, he got Congress to approve a $787 billion stimulus package, which is officially named the American Recovery and Reinvestment Act of 2009 (ARRA), to combat the deep recession at that time (which, by the way, was not his Administration's doing). Of course, ARRA had provisions for health care. Starting in 2011, providers deemed to be "meaningful users" of EHR systems are eligible for up to $44,000 over five years, and up to $63,750 over six years, in incentive payments paid in the form of increased Medicare and Medicaid premiums (Kropf, R. as cited in Kovner and Knickman, 2010, p. 335). Consequently, many health experts predict that the “meaningful use” will be a requirement to collect and report measurements that can be closely correlated with improved health.
This will cost the UK £26 billion a year. The £11.6 billion cost of the 1.34 billion hours of unpaid carer provided each year has been calculated on the basis of the replacement and opportunity costs of this care. The total of £26.3 billion is 24% higher than the figure reported in the first edition of Dementia UK. Most of the difference is driven by the increase in numbers of people with dementia. Also observed a decrease in the age of people suffering from dementia.
This term refers to the fact that potential GDP could be around $14,400 billion (in 2005 US dollars), but has only slowly increased to a mere $13,500 billion after the recession, as of late 2012 estimates. The United States is “finally back to pre-recession peak employment” as of July 2014. The main issue with this, however, is why has it taken such a significant time to simply get back to the level prior to the recession? It took seven years to bounce back from the 2008 recession, which is notably longer than any of the other Post-World War II recessions. The Congressional Budget Office anticipates that the U.S. economy’s actual GDP will not reach potential GDP until the 2017 third quarter.
Research is showing that government increased new employee contributions to pension plans, 14 percent increased age and service requirements for normal retirement for new hires, and 9 percent reported that pension benefits were reduced for new hires. For current workers, 23 percent of those surveyed from local government answered that current employee contributions to pension plans had been increased over the past year, 8 percent said that employer contributions had been increased for current workers, and 3 percent had reduced/eliminated cost of living adjustments within the past year. There have been many changes to the provision of health benefits as well. Among the top three changes, 50 percent of the local government human resource executives reported that their government shifted more health care costs from employer to employees (examples: higher premiums, co-payments, and deductibles) over the past year. Twenty-seven percent of the respondents’ governments had created wellness programs, and 11 percent had shifted more costs from employer to retirees within the past
It is estimated that the effects of staying in school for just one additional year can increase an individual’s income by about ten percent (Oreopoulos, 2007). People that drop out of school make significantly less money than someone who graduated from high school. Unfortunately, the population of students that are most likely to drop out of high school already come from low income environments. Dropping out of high school makes it very difficult for students to make their lives better in the future. According to Oreopoulos, states that have increased the compulsory attendance age have seen a decrease in dropout rates and an increase in post-secondary education attendance.