Answer:
1962
Explanation:
the formula is
A=p(1+rt)
A=1,800×(1+0.0225×4)
A=1962
What is the formula for cost of goods sold under LIFO?
The formula for cost of goods sold under LIFO is cost of oldest inventory purchased multiplied by the units of goods sold.
What is LIFO?LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
For example, if beginning inventory is 10 units at of an item purchased at $10 and 10 units of inventory was purchased at $20. During the course of the month 5 units of the items was sold.
Cost of goods sold = 5 x 10 = 50
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How can a court determine when a particular nickname for a branded product has entered into common use?
Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $9,100 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $5,500 and $9,400 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $3,800 at the end of each of the next 4 years. Each project has a WACC of 9%. What is the equivalent annual annuity of the most profitable project? Do not round intermediate calculations.
Based on the cash flows of the two projects, the equivalent annual annuity of the most profitable project is $1,866.83.
Which project is more profitable?The project that is more profitable is the project with the higher Net Present Value.
The Net Present value can be found by adding the present values of the cashflows for a project.
Project X NPV is:
= -9,100 + 5,500 / 1.11 + 8,200 / 1.11²
= $2,510.26
The NPV for Project Y is:
= -9,100 + Present value of $4,800 over 4 years at 11%
= $5,791.74
The more profitable project is therefore Project Y.
The equivalent annual annuity of the most profitable project is:
= 5,791.74 / 4 years
= $1,866.83
In conclusion, the equivalent annual annuity of the most profitable project is $1,866.83
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What is the main problem that HISD officials were aiming to fix?
A substantial number of schools had underperforming children with subpar abilities and test scores, which was the main problem that HISD authorities sought to address.
More about HISD:
The eighth-biggest public school system in the country and the largest in Texas is the Houston Independent School District (HISD). In addition to several unincorporated areas, Houston ISD serves as a community school district for the majority of the city of Houston as well as many adjacent and island communities. It is independent of the city of Houston and county jurisdictions.
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smith and wesson, a firearms maker has experienced significant change to its business due to the influence of the internet. In the past, the company focused on making rifles but more recently has changed its attention to marketing and the news media, which has caused a shift in how management functions in smith and wesson focused on in making the change?
The correct answer is Option A: Organizing. The management function that Smith and Wesson focused on in making the change is Organizing.
Organizing is a managerial task that enables managers to carry out their goals by properly allocating team members, distributing firm resources, or allocating workplace resources. To ensure that every aspect of an organization runs effectively, effective business management calls for careful attention to detail and meticulously crafted procedures.
Designing individual tasks inside the company is another aspect of organizing. Decisions must be made regarding each of the job's obligations and responsibilities, as well as how those obligations should be fulfilled. Decisions about the organization's jobs' type are frequently referred to as "job design" decisions.
Smith and Wesson, a firearms maker has experienced significant change to its business due to the influence of the Internet. In the past, the company focused on making rifles but more recently has changed its attention to marketing and the news media, which has caused a shift in how the company’s resources can best be used to create goods and services. Which of the management functions is Smith and Wesson focused on in making the change?
A. Organizing
B. Planning
C. Controlling
D. Leading
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For retirement planning purposes, financial advisors often suggest that retirees have an income source that provides about _____________ percent of their wages when they were working.
For retirement planning purposes, financial advisors often suggest that retirees have an income source that provides about 70 percent of their wages when they were working.
What is retirement planning?Retirement planning can be defined as the way of planning ahead of your retirement by either saving or investing so as to have something to fall back to after retirement.
Hence, financial advisors often say that retirees must have a source of source that will provides about 70 percent of their wages when they were working so as to live at a comfortable level after retirement.
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b. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $90,000. What is the fair value (Present value) of the note?
The fair value (present value) of the non-interest-bearing note, using an appropriate interest rate, is $83,055.71.
What is the present value?The present value represents future cash flows discounted to today's value.
The present value is calculated using the PV factor or formula.
We can also compute the present value of the note using an online finance calculator, as below.
Data and Calculations:Original cost price = $90,000
N (# of periods) = 9 years
I/Y (Interest per year) = 11%
PMT (Periodic Payment) = $15,000
FV (Future Value) = $135,000 ($90, 000 x 9)
Results:
Present Value (PV) = $ 83,055.71
Sum of all periodic payments = $135,000.00
Total Interest = $51,944.29
Thus, the fair value (present value) of $83,055.71 shows that the company paid less than the cost price of the land.
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How do you integrate the different valuation approaches into a report? Explain it.
The report preparer will integrate the different valuation approaches into a report by creating a separate sections for the different valuation method for decision making of interest user.s
What are valuation approaches?This refers to the methodology used to determining the fair market value of a business such as quantifing the net present value of future benefits associated with ownership of the equity interest or asset.
In accounting, the process of valuing a company as a going concern includes three main valuation methods that includes the DCF analysis,comparable company analysis andprecedent transaction.
Most time, the report preparer will integrate the different valuation approaches into a report by creating a seperate sections for the different valuation method for decision making of interest users.
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Based on the Capital Asset Pricing Model assuming the securities are correctly priced and given the following information, what is the return on the market?
Security Beta Expected Return
Katmai Outfitters 0.74 0.087
Wrangell Adventures 1.63 0.159
Th return on the market is 0.08.
What is the return on the market?According to the capital asset pricing model, the expected return of an asset is a function of the risk free rate, beta and return on the market.
Expected return = risk free rate + (beta x return on the market)
0.087 = a + 0.74b
0.159 = a + 1.63b
Where:
a = risk free rate
b = return on the market
Subtract equation 1 from equation 2
0.072 = 0.89b
b = 0.072 / 0.89
b = 0.08
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Power Electronics company supplies micro computer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 2500 units and this is constant throughout the year. Carrying costs are estimated to be P10 per unit per year and the ordering cost is P200 per order.
Answer:
The quanitity per order that minimizes the cost is 137.84 units.
Explanation:
The EOQ or economic order quantity is the quantity that should be ordered per order to minimize the cost of ordering and holding inventory. To calculate the number of units that should be ordered per order to minimize cost, we need to calculate the EOQ.
EOQ = √(2*D*O)/H
Where,
D is the annual demand in units
O is the ordering cost per order
H is the holding/carrying cost per unit per annum
Thus,
EOQ = √(2 * 250 * 19)/0.5
EOQ = 137.84
please use the above information to answer the following questions not down the multiples you calculated because they will be used for later questions what is the enterprise value-to-EBIT (Ev/EBIT) multiple
The enterprise value-to-EBIT (Ev/EBIT) numerous $225 million.
The EV/EBIT Multiple is the proportion between enterprise value (EV) and profits before interest and surcharges (EBIT).
Considered one of the most repeatedly used multiples for comparisons among companies, the EV/EBIT multiple relies on working income as the core driver of valuation.
What is the enterprise value to EBIT EV EBIT multiple?Enterprise Value to EBIT (EV/EBIT), also called EV Multiple is a ratio used to to value a company and deliver useful comparisons between similar companies. It is used in trading comparable research and uses the EBIT of a company as the driver of its value.
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The purpose of making a learning document is to
The purpose of making a learning document is to check to see if the learning needed to get the desired results is actually occurring.
More about learning document:
Making thought about learning processes visible, meaningful, shareable, and amplified is accomplished through the process of documenting learning.
By assisting students in reflecting on and articulating their own learning processes, it supports student-driven learning. Additionally, it supports teachers' reflection on their own growth and instructional methods.
When teachers and their students co-create together, both parties acquire important insights that guide current learning and encourage students to become active learners.
This learning document explains the objectives and various forms of documentation and gives real-world examples of documentation in educational settings
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All countries benefit from trade. If they did not, they would not trade. Based on this week's Reading Assignment, apply what you know about International Trade theory and respond to the following.
Do you think the benefits from trade are shared equally among trading partners?
Do you think everyone within a country benefits from trade?
Explain why and why not?
The idea of international trade is one of the factors that binds the world together. Trade between nations fosters peace and brings about, wealth creation, Cultural diffusion and inclusiveness.
What is International trade?International trade refers to the exchange of goods, services and other commodities between countries of the world.
International trade is possible because, goods and services produced in one country is needed by citizens of other countries.
The idea of international trade is beneficial to both countries involved in such trade. It creates a long supply chain starting from manufacturers, logistics, middle men, and local traders.
This supply chain created benefits both the sellers and the buyers and this creates employment opportunities in both countries.
It is important to note that not everyone within a country may benefit directly from international trade, however, it can be said that everyone will benefit indirectly because the proceeds from such trade affects the GDP of both countries and this brings about prosperity especially when trade is not one sided.
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Case 3:
Glenmark is an Indian-based multinational pharmaceutical company with approximately $30
billion in sales annually. In the 2021 Annual Report, the Indian company indicated $5.94 billion
dedicated to research and development (R&D). Moreover, the pharmaceutical company spent
$10.19 billion in marketing and sales in 2021. R&D and marketing expenses represent a large
portion of their total fixed costs with more than $16 billion! With this amount injected, Glenmark
creates a barrier to entry for other firms that are considering whether to enter the pharmaceutical
market or not.
It is only by going global through a large distribution network will Glenmark be able to benefit
from economies of scale. By going global, Glenmark will target more customers and spread their
fixed costs better. This also explains why multinational company has such high marketing costs.
1. Explain whether the capital expenditures by the company is justified and be able to increase
market share in future?
2. Are there any suggestions you would like to give to make its fixed costs better?
(Minimum 500 Words.)
The capital expenditure based on the information given is justified.
How to illustrate the information?It should be noted that capital expenditure are the expenditure that are used to create revenue for the company.
Every company in the world needs to improve its existing products and introduce new products. Therefore, marketing and RnD expenditure will they continue to be a dominant player in the industry. Therefore, capital expenditure is justified
One of the ways to improve fixed cost is to have strict control over costs, identify and remove unnecessary costs from the system. Also, one can reduce the number of salaried employees on staff and then shop around for lower insurance premiums.
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a. In 2009, XYZ Enterprises negotiated and closed a long-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January 1, 2010, XYZ took possession of the leased property. 20-year lease is effective for the period January 1, 2010, through December 31, 2029. Advance rental payments of $800,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $400,000 are due on January 1 for each of the last 10 years of the lease term. XYZ has an option to purchase all the leased facilities for $1 on December 31, 2029. At the time the lease was negotiated, the fair market value of the truck terminals and freight storage facilities was approximately $7,200,000. If the company had borrowed the money to purchase the facilities, it would have had to pay 10% interest. Should the company have purchased rather than leased the facilities?
XYZ Enterprises should lease the newly constructed truck terminals and freight storage facilities instead of purchasing them.
How is the lease cost calculated?The lease cost can be calculated by finding the present value of the annual lease payments.
The present value of the annual lease payments represents the discounted value of the future cash outflows.
The PV annuity factor can be used to compute the total lease cost in present value, as follows:
Data and Calculations:Lease Option:
Interest rate = 10%
Lease period = 20 years
Lease PV Annuity Factor PV
Annual lease cost for 1st 10 years $800,000 6.145 $4,916,000
Annual lease cost for 20 years $400,000 8.514 $3,405,600
Less Annual lease cost 2nd 10 years 400,000 6.145 (2,458,000)
Total Present Value of Lease Cost = $5,863,600
Purchase Option:
Fair market value = $7,200,000
Given the present values of the two options, XYZ Enterprises is advised to lease instead of purchasing the facilities.
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What is a documentary stamp tax?
A documentary stamp tax is a transfer tax established on the price of the property being conveyed. Someone who possesses all ownership stakes in real property owns. legal title to the real effects.
What is a documentary stamp used for?Proprietary stamps paid tax obligations on goods like alcohol and tobacco, and were also used for various benefits, while Documentary stamps paid assignments on legal documents, mortgage deeds, stocks and a fair number of other legal transactions.
Who will pay the documentary stamp tax?The tax is paid by the person creating, signing, issuing, accepting or transferring the records. However, whenever one party to the taxable document enjoys exemption from the tax, the other party thereto who is not excused shall be the one directly responsible for the tax.
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Tammy Potter, a new partner with the regional CPA firm of Tower & Tower, was recently appointed to the board of directors of a local civic organization. The chairman of the board of the civic organization is Lewis Edmond, who is also the owner of a real estate development firm, Tierra Corporation. Potter was quite excited when Edmond indicated that his corporation needed an audit and he wished to discuss the matter with her. During the discussion, Potter was told that Tierra Corporation needed the audit to obtain a substantial amount of additional fi nancing to acquire another company. Presently, Tierra Corporation is successful, profi table, and committed to growth. The audit fee for the engagement should be substantial. Since Tierra Corporation appeared to be a good client prospect, Potter tentatively indicated that Tower & Tower wanted to do the work. Potter then mentioned that Tower & Tower’s quality control policies require an investigation of new clients and approval by the managing partner, Lee Tower.
Potter obtained the authorization of Edmond to make the necessary inquiries for the new client investigation. Edmond was found to be a highly respected member of the community. Also, Tierra Corporation was highly regarded by its banker and its attorney, and the Dun & Bradstreet report on the corporation reflected nothing negative. As a final part of the investigation process, Potter contacted Edmond’s former tax accountant, Bill Turner. Potter was surprised to discover that Turner did not share the others’ high opinion of Edmond. Turner related that on an IRS audit 10 years ago, Edmond was questioned about the details of a large capital loss reported on the sale of a tract of land to a trust. Edmond told the IRS agent that he had lost all the supporting documentation for the transaction, and that he had no way of finding out the names of the principals of the trust. A search by an IRS
auditor revealed that the land was recorded in the name of Edmond’s married daughter and that Edmond himself was listed as the trustee. The IRS disallowed the loss and Edmond was assessed a civil fraud penalty. Potter was concerned about these findings, but eventually concluded that Edmond had probably matured to a point where he would not engage in such activities.
Based on the case above, respond to the following prompts:
a. Present arguments supporting a decision to accept Tierra Corporation as an audit client.
b. Present arguments supporting a decision not to accept Tierra Corporation as an audit
client.
c. Assuming that you are Lee Tower, set forth your decision regarding acceptance of the client,
identifying those arguments from part (a) or part (b) that you found most persuasive.
Your assignment should be submitted in a Word document and follow proper APA formatting. This assignment should be approximately three pages in length.
The answers to the question have been given below
a. The arguments supporting a decision to accept Tierra would beSome engagements in in auditing are known to have more risks compared to some others. The auditors are to create detailed audit programs.They should not deny to carry out auditing engagements based on the fact that it appears tough.The chairman of the organization may be seen to be a mature person that would not do questionable things.b. The arguments that would be there would be
If the IRS should say that Edmond does not have the integrity then it would be the best thing to associate him with the organizationRoutine auditing are a way that can help to detect the frauds that take place in management.If they do not want to get questioned based on their reputation, they have to try to avoid high risks auditing.c. The decision would have to lie in the extent of the degree of risk that the firm can take. Given that all of the information shows Edmond to be a person of integrity then the engagement can be accepted.
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2. The Equal Opportunity Act is meant to prevent
employee absences
workplace injuries
sexual harassment
job discrimination
Answer:
job discrimination.
Explanation:
because this act was introduced many years ago because there was an equality between blacks, coloureds, Indians, whites and a disabled person .
The Equal Opportunity Act is meant to prevent D. job discrimination
This law makes it unlawful to discriminate against someone on the basis of race, color, religion, national origin, or sex.
What is the equal opportunity Act of 1964?
The employment section of the Civil Rights Act of 1964, known as Title VII, forbids discrimination based on race, color, national origin, sex, and religion, and also restricts employers from avenging against any employee who wields his or her rights underneath Title VII.
What was the primary effect of the Equal Employment Opportunity Act of 1972?The law banned discrimination in terms, compensation, working conditions, and other aspects of employment, mandates enforcement by courts, rather than juries, and provides civil fines for violations, including mandatory remedial hiring policies for employers and reinstatement with back pay tributes to victims.
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17. What action is the Commission allowed to take if it has cause to believe that a licensee is about to violate escrow account rules?
a. Seek a monetary fine.
b. Enjoin the broker.
c. Withhold the license renewal process.
d. Sue to enjoin any violation action.
The Commission can sue to enjoin any violation action.
Before money or assets are transferred from one party to another in a transaction, a neutral third party is said to be keeping them. This third party is referred to as escrow. Until both the buyer and the seller have complied with the terms of the contract, the third party keeps the money.
Escrow is a legal term that refers to a financial arrangement in which a third party holds an asset or money on behalf of two other parties who are carrying out a transaction. The escrow agent is in charge of escrow accounts. Only after certain contractual duties have been fulfilled does the agent release the assets or funds. Escrow can be used to hold several types of assets, including cash and securities.
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once you chose your traget market what is next step
Once you chose your target market the next step is to formulate a strategy for getting the people in that segment to patronize you. This thought process is called Market Analysis and Strategy.
What is Market Analysis and Strategy?This refers to the process of:
Studying the marketClassifying them into various demographics and psychographicsIdentifying the market that have a need for your services (target market)Positioning ones business to attract the consumers in that target segment.One step that can be taken to attract customers in the target market is advertising.
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What are the steps to consider when enrolling your participating brokerage account in the broker data import program as a newly hired professional
The steps to consider when enrolling your participating brokerage account in the broker data import program as a newly hired professional are
Give your broker the signed authorization form that you have already finished submitting.You must manually report the investments if the import will not take place before the deadline.Notify the appropriate parties and activate your brokerage accountIndependence & Conflicts Network must receive your fully filled-out authorization form in order to process your request.This is further explained below.
What is a brokerage account?Generally, Broker Data Import Program (BDIP) is a function of the Tracking & Trading System that enables professionals to get automatic downloads of their financial assets from their approved brokerage accounts. This capability helps professionals to more efficiently manage their investments.
In conclusion, You may purchase and sell a wide range of products using an investment account known as a brokerage account. These investments include stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Whether you are putting money away for the future or saving up for a significant purchase, you have complete freedom over how and when you use the money you have set aside.
Give your broker the signed authorization form that you have already finished submitting.You must manually report the investments if the import will not take place before the deadline.Notify the appropriate parties and activate your brokerage accountIndependence & Conflicts Network must receive your fully filled-out authorization form in order to process your request.Read more about a brokerage account
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There is nothing that can be done when advertisers record and transmit their advertisement at higher volume than the
television program in which the commercial airs.
O True
O False
Answer:
This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.
Does audit service needed in Auchi polytechnic student union government of yes why
Yes audit service is needed in the Union government of this school called Auchi polytechnic.
What is audit?This is the term that is used to refer to the official inspection that is done into the accounts of an organization of which this Union can be grouped under.
It helps to verify and also check the financial information of the entity. The reason why the audit is needed is because it would help to expose issues that may have to do with misappropriation of funds by the union.
It would also helps to tell the school if the financial report that the union makes is the same as the financial reflection of the Union at a particular point in time.
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Which of the following are part of the rules for ERP demo days?
I Evaluate the ERP software based on requirements as opposed to the vendor’s performance during the demo
II Require that attendees be on time and attend the same sessions for each software vendor
III First confirm the ‘must haves’, then the ‘nice to haves’, and lastly the ‘bells and whistles’
IV Explain the business requirements to the vendor beforehand
I and II only
I, II, III and IV
I only
I, II and III only
I Evaluate the ERP software based on requirements as opposed to the vendor’s performance during the demo
II Require that attendees be on time and attend the same sessions for per software vendor
What is the powers of ERP?
Golden Rules For ERP Implementation
Ensure top management visibly helps the project at Kickoff, status meetings etc. Hold tight on project scope and management expectations. Transfer request of deliverables to business leaders. Practical change management and user training is imperative
What is ERP market?One of the many parts of Enterprise Resource Planning (ERP) is to manage market and supply within the business. ERP software that features advanced market planning can help janitorial and sanitary supply companies optimize inventory levels in order to guarantee a timely delivery to clients.
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When a visitor who has an appointment arrives, you should
Question options:
make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.
invite the visitor who must wait to reschedule the appointment.
not keep a visitor who has an appointment waiting.
allow the visitor to wait when more pressing work is due.
If a visitor arrives and they have an appointment, you should A. make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.
What should you do when a visitor has an appointment?In customer service, the visitor should be made to feel comfortable while they wait for their appointment as this is not only the right thing to do, but it gives the visitor the right impression about the company.
There are several ways to make a visitor feel comfortable such as:
Offering them a seat in a waiting area. Offering refreshments such as water or a non-alcoholic beverage. Ensuring that reading material is available to keep the visitor company.You should also endeavor to keep checking in on them and giving them updates about their meeting, while they wait for their appointment time to reach.
In conclusion, when a visitor with an appointment arrives, you should A. make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.
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Cornerstone Industries has a bond outstanding that has a 5% coupon rate, $1,000 face value, and a market price of $897.34. If the bond matures in 5 years and interest is paid on a semi-annual basis, what is the yield to maturity on the bond? % format to 2 decimal places
7.5% is the yield to maturity on the bond.
A bond is a sort of instrument in which the issuer owes the bearer a debt and is required, depending on the terms, to repay the bond's principal and interest over a predetermined period of time at the bond's maturity date. Interest is often paid at regular intervals.
Bonds can be identified by their maturity, coupon rate, tax status, and callability, among other attributes. Bonds are subject to a number of hazards, including interest rate risk, credit/default risk, and prepayment risk.
In international trade, the phrase "Carriage Paid To" (CPT) denotes that the seller delivers the products at their expense to a carrier or another person whom the seller designates. As long as the products are not in the designated party's care, the seller is responsible for all risks, including loss.
FV(future value)= 1000
PV(present value)= -897.34
PMT(a payment)= .05(1000)/2= 25
= 5N(2)= 10
I/Y=?
CPT I/Y= 3.75(2)= 7.5
Therefore,7.5% is the yield to maturity on the bond.
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_________ are industry-specific factors that separate one strategic group from another.
Answer: Mobility Barriers
Explanation:
Mobility Barriers are industry-specific factors that separate one strategic group from another.
Executive Cheese has issued debt with a market value of $100 million and has outstanding 15 million shares with a market price of $10 a share. It now announces that it intends to issue a further $60 million of debt and to use the proceeds to buy back common stock. Debtholders, seeing the extra risk, mark the value of the existing debt down to $70 million. a. How is the market price of the stock affected by the announcement? b. How many shares can the company buy back with the $60 million of new debt that it issues? c. What is the market value of the firm (equity plus debt) after the change in capital structure? d. What is the debt ratio after the change in structure?
The solution to the required questions are
a) NP= 5 Million share
b) EP= $12
c) MVF = $250 million
d) DR= 0.52
What is the debt ratio after the change in structure?a)
Generally, the equation for Market price per share is mathematically given as
Increase in the equity's worth in the market
Equity's worth = ($100-$70)
Equity's worth= 30 million
Complete amount of equity value
Equity value= 15*$10 + 30
Equity value = 180 million
Price on the Market for Each Equity
EP = $180/15
EP= $12
b)
The corporation is able to purchase back the shares at the market price of $12 per share.
MP= $60 million/$12
MP = 5 million shares
The total number of buybacks
NP= 5 Million share
c.)
Following the repurchase of shares, the total number of shares in circulation is now equal to 15 million minus 5 million, which is 10 million.
Equity's current value on the market
MVE= 10 x 12
MVE= $ 120 million.
MVE = $ 70 + $ 60
MVD = $ 130 million
MVF = $120+ 130
MVF = $250 million
Market value of firm = $250 million
d)
In conclusion,
[tex]Debt ratio = \frac{Value\ of\ Debt}{ Value\ of\ Firm}[/tex]
[tex]Debit Ratio=\frac{ 130}{250 }[/tex]
DR= 0.52
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Explain this statement:
governments should use fiscal policies to keep the economy moving, even if a little hobbled.
The use of taxation and expenditure by the government to affect the economy is known as fiscal policy. Fiscal policy is often used by governments to encourage robust, long-term growth and to lower poverty.
When the economy is weak, fiscal policy can help maintain private sector incomes and aggregate demand. When the economy is strong, fiscal policy can help moderate economic activity. The so-called "automatic fiscal stabilisers" are a key stabilizing component of fiscal policy.
Economic growth can be significantly influenced by fiscal policy. Countercyclical fiscal expansion can aid in sustaining aggregate demand and GDP in the short run during cyclical downturns.
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What is the first step in communicating a message?
1) Selecting a course of action
2) Sensing a communication need
3) Sending a message
4) Composing a message
Answer:
1) Selecting a course of action