Test 2 -15% Instructions: Each question is worth 5 marks. Complete in your groups and make one submission in a word document to include your name and ID numbers. Your answer should be limited to 1-2 pages. Questions: 1. Explain the 'Ferris wheel' concept of prospecting. 2. Which method of prospecting is considered the 'toughest one' and, why? 3. List the four main sources for a prospect pool. In your opinion, which of the four sources of leads is hardest to convert to a closed sale?

The debt to assets ratio is 0.368, indicating that approximately 36.8% of Crane's assets are financed by long-term liabilities. The times interest earned ratio is 15.25, indicating that Crane's operating income covers its interest expenses 15.25 times over.

To compute the current ratio and working capital for Crane Company for 2017, we'll use the given balance sheet information:

Current assets: $14,490

Current liabilities: $15,120

Calculate the current ratio.

Current ratio = Current assets / Current liabilities

Current ratio = $14,490 / $15,120

Current ratio = 0.958 (rounded to 2 decimal places)

Calculate working capital.

Working capital = Current assets - Current liabilities

Working capital = $14,490 - $15,120

Working capital = -$630

The current ratio is 0.96:1, indicating that Crane Company has slightly less current assets than current liabilities. The negative working capital of -$630 suggests a shortfall in short-term liquidity.

Now, let's consider the impact of using $3,780 cash to pay off accounts payable on the current ratio and working capital.

Adjust the current assets and current liabilities.

Current assets = $14,490 - $3,780 = $10,710

Current liabilities = $15,120 - $3,780 = $11,340

Recalculate the current ratio.

Current ratio = Current assets / Current liabilities

Current ratio = $10,710 / $11,340

Current ratio = 0.944 (rounded to 2 decimal places)

Recalculate working capital.

Working capital = Current assets - Current liabilities

Working capital = $10,710 - $11,340

Working capital = -$630

The updated current ratio is 0.94:1, showing a slight decrease, while the working capital remains the same at -$630.

Now, let's compute the debt to assets ratio and the times interest earned for Crane Company for 2017.

Long-term liabilities: $17,640

Total assets: $47,880

Interest expense: $1,635

Debt to assets ratio = Long-term liabilities / Total assets

Debt to assets ratio = $17,640 / $47,880

Debt to assets ratio = 0.368 (rounded to 3 decimal places)

Times interest earned = Net income + Interest expense + Income tax expense / Interest expense

Times interest earned = ($20,160 + $1,635 + $4,032) / $1,635

Times interest earned = 15.25 (rounded to 2 decimal places)

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Given, Total revenue in 2007

=[tex]$14.8[/tex] billion. Total revenue in 2017

= $177.9 billion. We need to calculate the compound growth rate in revenue from 2007 to 2017Formula.

Compound Growth Rate \[\text{Compound growth rate}

= {{\left( {{\text{Revenue in 2017}} \over {\text{Revenue in 2007}}} \right)}^{{1 \over {\text{Number of years}}}}}-1\] Now, number of years from 2007 to 2017 is 10.

[\begin{aligned}&\text{Compound growth rate }\\&={{\left( {{\text{Revenue in 2017}} \over {\text{Revenue in 2007}}} \right)}^{{1 \over {\text{Number of years}}}}}-1\\&={{\left( {{177.9} \over {14.8}}} \right)}^{{1 \over {10}}}-1\\&=1.379-1\\&=0.379\end{aligned}\]The annual compound growth rate of net income is 37.9%. Therefore, the answer is option A.

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The ethical approaches of deontology and consequentialism, highlighting their differences in evaluating the morality of actions.

Introduction:

In this response, we will address several topics related to economics and decision making. We will explore elasticity and its impact on demand, discuss how marginal analysis leads to better pricing decisions, examine the importance of opportunity costs in decision making and its connection to international trade, and finally, compare the contrasting ethical approaches of deontology and consequentialism. Let's dive into each question.

1. Elasticity and Changes in Demand:

Price elasticity, income elasticity, and cross-price elasticity of demand provide insights into how changes in various factors affect demand for specific goods. For a good with **elastic demand**, a small change in price will result in a proportionately larger change in quantity demanded. This means that if the price of an elastic good decreases, the demand will increase significantly. On the other hand, for a good with **inelastic demand**, changes in price have a relatively smaller impact on the quantity demanded. Thus, if the price of an inelastic good increases, the demand may remain relatively stable.

2. Marginal Analysis and Pricing Decisions:

Marginal analysis is an economic principle that focuses on examining the costs and benefits of incremental changes in production or consumption. By considering only the additional costs and benefits associated with a decision, marginal analysis helps businesses make better pricing decisions. It avoids the consideration of **sunk costs**, which are costs that have already been incurred and cannot be recovered. By disregarding sunk costs and focusing on marginal costs and benefits, businesses can make rational pricing decisions that are based on current and future prospects rather than past investments.

3. Opportunity Cost, Decision Making, and International Trade:

Opportunity cost refers to the value of the next best alternative foregone when making a decision. It plays a vital role in decision making by highlighting the trade-offs involved. In the context of international trade, countries engage in trade when they have a comparative advantage in producing a particular good. The opportunity cost of producing that good domestically is higher compared to other goods or services. By focusing on their comparative advantage and trading with other countries, nations can maximize their overall production and benefit from the lower opportunity costs of obtaining goods or services from trading partners.

4. Business Decisions and Benefits to Producer, Consumer, and Society:

Making better business decisions can have positive impacts on multiple stakeholders. For producers, informed decisions can lead to increased efficiency, reduced costs, and improved profitability. This, in turn, can benefit consumers by offering lower prices, higher-quality products, and a wider range of choices. Society as a whole benefits from better business decisions through economic growth, job creation, and improved standards of living. By considering the long-term effects and externalities of their decisions, businesses can contribute positively to the overall well-being of society.

5. Deontology vs. Consequentialism in Ethics:

Deontology and consequentialism are contrasting ethical approaches. Deontology emphasizes the importance of moral duties and obligations, focusing on the inherent nature of actions rather than their outcomes. Consequentialism, on the other hand, prioritizes the consequences or outcomes of actions, aiming to maximize overall happiness or utility. Deontological ethics would consider the morality of an action based on principles or rules, whereas consequentialism would evaluate it based on the net positive or negative consequences it produces.

In conclusion, we have discussed elasticity and changes in demand, the role of marginal analysis in pricing decisions, the significance of opportunity costs in decision making and international trade, and the benefits of better business decisions for producers, consumers, and society as a whole. Additionally, we explored the ethical approaches of deontology and consequentialism, highlighting their differences in evaluating the morality of actions.

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To determine the total damage caused by the polluter, we need to find the optimal emission level that minimizes the total cost, which includes

abatement costs and damages. Given: Abatement cost (MAC) = 405 - 0.1 Damage (MD) = 0.1 Probability of being caught (p) = 0.68 To find the optimal emission level, we equate the marginal cost of abatement (MAC) to the marginal damage (MD): MAC = MD 405 - 0.15E = 0.1E Solving the equation, we find: 0.25E = 405 E = 405 / 0.25 E = 1620 The optimal emission level is 1620. To calculate the total damage caused, we substitute the optimal emission level into the damage equation: Total damage = MD * E Total damage = 0.1 * 1620 Total damage = 162 However, since the polluter knows there is only a 68% chance of being caught, we need to adjust the total damage calculation: Total damage = Total damage * p Total damage = 162 * 0.68 Total damage ≈ 110.16 Therefore, the total damage caused by the polluter, taking into account the probability of being caught, is approximately $110.16.

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It is fundamental concept in the field of finance and is used in various financial instruments, such as bonds, swaps, and derivatives.

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The definition of zero-rate for maturity T is that the continuously compounded rate of interest earned on an investment that provides a payoff only at time T.

Zero rates are rates of interest that are set at zero or near zero by the central banks. The zero rate is intended to promote the growth of investment by companies and consumers by minimizing the costs of borrowing. Furthermore, it is intended to motivate individuals and organizations to invest and spend, which should help to boost economic growth and employment.

Zero rates may also be used to promote spending and investment by companies and individuals by minimizing the costs of borrowing and saving, making it simpler for them to obtain credit and invest in capital projects. The zero rate for maturity T is defined as the continuously compounded interest rate earned on an investment that provides a payoff only at time T.

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Visible assets make it relatively easier to imitate resources compared to other factors like path dependence, resource compression diseconomies, and interconnected asset stocks.

Visible assets refer to physical or tangible resources that can be easily observed and replicated by competitors. These assets include equipment, machinery, technology, and infrastructure that are visible and accessible to others. When these assets are easily visible, it becomes simpler for competitors to imitate them.

In the context of resource imitation, visibility plays a crucial role. When a resource is easily observable, competitors can study and analyze it more effectively. They can identify the components, processes, and functionalities associated with the visible asset, which allows them to replicate or reproduce it with relative ease.

Moreover, visible assets also provide a clear benchmark for competitors to aim for. When they can see the tangible resources that lead to a company's success, they can strive to acquire or replicate those resources in their own operations. This reduces the uncertainty and guesswork involved in imitating resources, as competitors have a tangible reference point to guide their efforts.

However, it is important to note that visibility alone is not the only factor that determines the ease of resource imitation. Other factors, such as complexity, proprietary knowledge, and intellectual property protection, also play significant roles. Nonetheless, when resources are visible, competitors have a higher chance of imitating them successfully.

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It is true that the supply of loanable funds is upward sloping, meaning that an increase in the real interest rate can lead to an increase in the quantity of loanable funds supplied.

However, it is also true that an increase in the real interest rate typically leads to a decrease in the demand for loanable funds due to the higher cost of borrowing.

Therefore, when considering the overall effects of an increase in the real interest rate on the loanable funds market, we would expect both a decrease in the demand for loanable funds (option B) and an increase in the quantity of loanable funds supplied (option C) to occur.

Option D suggests that only a decrease in the demand for loanable funds and an increase in the quantity of loanable funds supplied will occur as a result of an increase in the real interest rate, which is not completely accurate. Therefore, the best answer choice to this question would be A and C, or "Both an increase in the demand for loanable funds and an increase in the quantity of loanable funds supplied will occur as a result of an increase in the real interest rate."

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I agree that advance information technology is increasingly important in maritime industry and it is the key for success of maritime transportation service providers.

Advancement in technology has transformed various sectors and made it easy for service providers to offer better services to customers. Similarly, the maritime industry is also being transformed through the use of technology, which has brought about various changes and benefits to the industry. I agree with the statement that advance information technology is increasingly important in maritime industry and is the key for success of maritime transportation service providers.Advance information technology has transformed the maritime industry by making it possible for service providers to track their shipments in real time, thereby reducing delays, improving efficiency, and making the transportation of goods safer. For example, the use of GPS technology has made it possible for shipping companies to track their vessels at all times, enabling them to make necessary adjustments to avoid accidents and ensure timely delivery of goods. This has made it easier for shipping companies to offer better services to their customers and has increased customer satisfaction levels.

Furthermore, the use of technology has made it possible for maritime transportation service providers to share data and information with their customers in real time, thereby improving communication and making it possible for customers to track their shipments from the point of origin to the destination. This has made it easier for customers to plan and manage their logistics and has improved the overall efficiency of the maritime transportation industry.In conclusion, I agree that advance information technology is increasingly important in maritime industry and is the key for success of maritime transportation service providers. The use of technology has brought about various benefits to the industry, including improved efficiency, reduced delays, increased safety, and improved communication between service providers and their customers.

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The consumer's budget constraint will shift outward if the real wage rate falls, given that the net dividend income (\( (\Pi-T) \)) is positive.

When the real wage rate falls, the consumer's income from labor decreases. However, since the net dividend income is positive, it means the consumer is receiving income from other sources such as investments or business ownership. Therefore, the consumer's total income remains unchanged or may even increase.

With a decrease in the real wage rate and a constant or increased total income, the consumer can afford to consume more goods and services. This results in an outward shift of the budget constraint, allowing the consumer to have a higher level of consumption for any given prices of goods and services.

In graphical terms, the budget constraint is represented by a straight line, indicating the different combinations of goods and services that the consumer can afford. With an outward shift of the budget constraint, the consumer has more purchasing power and can choose a higher level of consumption.

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the complete question is :

2. Consider the representative consumer presented in Chapter 4. Suppose the net dividend income \( (\Pi-T) \) is positive. a. What happens to the consumer's budget constraint if the real wage rate falls?

The cost of preferred stock is the rate of return required by investors who purchase the preferred stock of a company. It represents the dividend yield expected by investors on their investment in the preferred stock.

To calculate the cost of preferred stock, you need to know the annual dividend payment and the market price of the preferred stock.

The formula to calculate the cost of preferred stock is:

Cost of Preferred Stock = Dividend / Market Price

The cost of preferred stock can be calculated using the formula:

Cost of Preferred Stock = Dividend / Price

In this case, the dividend is $3.49 per share, and the price is $40 per share. The formula becomes:

Cost of Preferred Stock = $3.49 / $40

Calculating this expression:

Cost of Preferred Stock = 0.08725

To convert this into a percentage, we multiply by 100:

Cost of Preferred Stock = 8.725%

Rounded to two decimal places, the company's cost of preferred stock is 8.73%.

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a. Straight-line depreciation expense for Year 1: [Depreciation rate] * [Machine cost]

b. Double-declining-balance depreciation expense for Year 1: [Depreciation rate] * [Book value at the beginning of the year]

c. Units-of-production depreciation expense for Year 1: [Depreciation per unit] * [Units produced in Year 1]

a. Straight-line depreciation evenly allocates the cost of the machine over its useful life. To calculate the depreciation expense for Year 1, we need the depreciation rate. The formula is: Depreciation rate = 1 / [Useful life]. Since we are not provided with the useful life or any salvage value, let's assume a useful life of 5 years. Therefore, the depreciation rate would be 1/5 or 0.2. To calculate the depreciation expense for Year 1, we multiply the depreciation rate by the machine cost: 0.2 * [Machine cost].

b. Double-declining-balance depreciation front-loads the depreciation expense, reflecting a higher expense in the early years. To calculate the depreciation expense for Year 1, we need the depreciation rate. The formula is: Depreciation rate = 2 / [Useful life]. Let's assume a useful life of 5 years, so the depreciation rate would be 2/5 or 0.4. To calculate the depreciation expense for Year 1, we multiply the depreciation rate by the book value at the beginning of the year. Since this is Year 1, the book value is equal to the machine cost.

c. Units-of-production depreciation bases the expense on the number of units the machine produces. To calculate the depreciation expense for Year 1, we need the depreciation per unit. The formula is: Depreciation per unit = (Machine cost - Salvage value) / Total expected units. Without a salvage value or total expected units, we cannot calculate the depreciation per unit accurately. Therefore, we cannot determine the depreciation expense for Year 1 using the units-of-production method.

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The impact of two inputs on the output of interest is summarized by a production function.

The production function is a mathematical representation of the relationship between two or more inputs and the resulting output. It describes how much output can be produced with given amounts of inputs under certain technological and managerial conditions.

A production function is a tool that can be used by businesses to evaluate their production processes and determine the optimal combination of inputs to maximize output.

The production function can be represented in a variety of ways, including as a linear equation, a quadratic equation, or a Cobb-Douglas function. Regardless of the specific form of the production function, it will typically include one or more inputs such as labor, capital, or raw materials and a constant term that represents the impact of other factors that may affect output.

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Understanding cultural attributes helps tailor marketing strategies, avoid cultural misunderstandings, adapt products/services, and build positive customer relationships in international markets.

Cultural attributes encompass various elements such as language, customs, traditions, values, beliefs, and behaviors that shape the mindset and preferences of a specific market. Here's why understanding cultural attributes is important:

1. Tailor Marketing Strategies: Different cultures have unique preferences, communication styles, and buying behaviors. By understanding these cultural nuances, marketers can adapt their marketing strategies to resonate with the target audience, ensuring messages are culturally appropriate and effective.

2. Avoid Cultural Misunderstandings: Cultural differences can lead to misinterpretation, offense, or misunderstanding if not recognized. Cultural sensitivity helps marketers avoid cultural faux pas, inappropriate messaging, or offensive content that can damage the brand reputation and hinder market acceptance.

3. Adapt Products/Services: Cultural insights can guide product/service adaptations to fit local preferences, tastes, or needs. Adapting packaging, design, features, or functionality can enhance product relevance and increase customer satisfaction.

4. Build Positive Customer Relationships: Demonstrating respect for local culture and values fosters trust and builds stronger relationships with customers. This can lead to brand loyalty, positive word-of-mouth, and long-term success in the international market.

5. Navigate Legal and Regulatory Considerations: Cultural attributes often influence legal, ethical, and regulatory frameworks. Understanding cultural norms helps marketers navigate these complexities, ensuring compliance and avoiding legal issues.

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Answer: C) Federal Open Market Committee.

Explanation: The Federal Open Market Committee is the committee that sets the Monetary Policy. Therefore Option C is the correct answer.

The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals.

The Federal Open Market Committee is a committee under the Federal Reserve Board that is responsible for Monetary Policy.

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On January 1, 2020, Pronghorn Company issued 11% bonds with a maturity value of $700,000 for $726,535, giving bondholders a 10% yield.

The bonds have a January 1, 2025 maturity date, and interest is payable annually on December 31. Pronghorn Company uses the effective-interest method to allocate interest and unamortized discount or premium.

The journal entry at the date of bond issuance would involve recording the cash received from selling the bonds and creating a liability for the bonds issued. The entry would include a debit to Cash for $726,535, representing the amount received, and a credit to Bonds Payable for the same amount, indicating the liability incurred. This initial journal entry reflects the inflow of funds from selling the bonds and the obligation to repay the bondholders at maturity.

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Auditors obtain and test a sample instead of the entire population because it would take too much time and be too expensive for the auditor to test the populations of all accounts. Jessie and Susan are working on the audit of Parker LLC, a medium-sized firm and distributor of cotton products throughout the continental United States.

Jessie has just finished explaining why auditors obtain samples rather than test entire populations to Susan. Susan replies that although she understands, it would seem safer for the auditor just to test the entire population in order to be able to offer a higher level of assurance. In response to Susan's statement, Jessie's best response would be: Auditors obtain and test a sample instead of the entire population because it would take too much time and be too expensive for the auditor to test the populations of all accounts. This response is the most appropriate because of the following reasons: Testing the entire population would take too much time and be too expensive for the auditor to test the populations of all accounts. The sample is used to represent the entire population and the auditors can then determine if the financial statements are fairly stated and in accordance with accounting principles. The internal audit function usually tests populations throughout the year, which means that the external auditors don't have to do it again.

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The script provides a framework for conducting the sales call, allowing for customization based on the specific product/service, prospect's industry, and individual sales style. Adapt the script to fit the context and maintain a conversational tone throughout the call.

Pitch objective: My objective is to convince the prospect to consider our product/service as a solution to their needs and ultimately make a purchase.

Approach method: I will begin the call by establishing credibility and demonstrating our understanding of the prospect's industry and challenges.

Introduction: "Hi, my name is [Your Name], and I am from [Your Company]. I would like to discuss how our product/service can help your business achieve [specific benefit]."

Rapport building: Start with small talk to build a connection or transition to business talk by mentioning a relevant industry topic or recent development.

Questions: "Do you mind if I ask you about [specific topic]?" Ask open-ended and probing questions to gather information and understand the prospect's pain points and requirements.

Objections: If the prospect raises concerns about price, emphasize the value and return on investment our product/service provides. Address fears of onboarding difficulties by highlighting our seamless implementation process and customer support.

Next steps: Discuss the next steps, such as scheduling a product demonstration, providing a proposal, or arranging a follow-up meeting to further address any remaining concerns or questions.

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The Production Possibilities Model (PPM) is a graphical representation of the trade-offs and choices that an economy faces when producing two goods. It illustrates the concept of scarcity, meaning that resources are limited relative to wants and needs.

The model shows that increasing the production of one good requires giving up some production of the other good, which represents the concept of opportunity cost.

Increasing Marginal Cost is illustrated by the PPM as the slope of the curve becomes steeper as more of one good is produced. This is because resources are not perfectly adaptable to the production of both goods, so as more of one good is produced, the resources best suited for that good are used up, causing the marginal cost of producing that good to increase.

Increasing Marginal Product is not illustrated by the PPM. Marginal product refers to the additional output produced by using one more unit of a variable input, holding all other inputs constant. The PPM assumes a fixed set of resources, so it does not take into account the concept of marginal product.

The Law of Demand is a fundamental principle in economics that states that as the price of a good increases, the quantity demanded of that good decreases, holding all other factors constant. Therefore, an increase in price will result in a decrease in quantity demanded. This is illustrated by the downward sloping demand curve on a graph.

In summary, the PPM illustrates scarcity, increasing marginal cost, and opportunity cost, but not increasing marginal product. The Law of Demand states that as the price of a good increases, the quantity demanded of that good decreases.

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Among all the given options in the question, healthy work relationships is considered to be types of intrinsic rewards, not extrinsic rewards.

Intrinsic rewards are those which are internal and come from within. These rewards are inherent in the activity and do not require external input.Extrinsic rewards are those which are external and come from the outside. These rewards are given to the individual by some other person, organization, or system.All of the given options in the question are extrinsic rewards, except for healthy work relationships. It is a type of intrinsic reward that one feels through their own actions and experiences in the work environment.Benefits, pay, good boss, and pay, benefits, and a good boss are all extrinsic rewards.

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Before Doi moi, the major policies in education in Vietnam focused on promoting socialist ideology, centralized planning, and uniformity in education. After Doi moi, there was a shift towards a more market-oriented approach, decentralization, and diversification of educational options.

Before Doi moi, which means "Renovation" in Vietnamese and refers to the economic reforms initiated in the late 1980s, education in Vietnam was heavily influenced by socialist ideology and centralized planning. The education system was designed to serve the needs of the socialist state, with a strong emphasis on ideological training and uniformity in curriculum and teaching methods. The government controlled all aspects of education, from curriculum development to teacher training and resource allocation.

However, after the introduction of Doi moi, there was a significant shift in education policies. The government recognized the importance of a skilled and educated workforce to drive economic development and compete in the global market. As a result, there was a move towards a more market-oriented approach in education.

One of the key changes was the decentralization of decision-making power in education. Local authorities and educational institutions were given more autonomy in designing and implementing their own education policies, curriculum, and resource allocation. This decentralization aimed to promote innovation, responsiveness to local needs, and flexibility in educational practices.

Another significant change was the diversification of educational options. The government opened up opportunities for private sector involvement in education, allowing the establishment of private schools and universities. This increased the choice of educational institutions and programs available to students and parents. Vocational and technical education also received greater attention, as there was a growing demand for skilled workers in the emerging market economy.

Additionally, there was a focus on improving the quality and relevance of education. Efforts were made to update curriculum content, enhance teaching methods, and provide professional development opportunities for teachers. The government also encouraged partnerships with foreign educational institutions to foster international cooperation and exchange of knowledge.

Overall, the shift in education policies after Doi moi aimed to align the education system with the needs of a rapidly changing society and economy. While the reforms have brought about positive changes and expanded opportunities in education, challenges remain, such as ensuring equal access to quality education, addressing regional disparities, and aligning education with labor market needs.

It is important to note that the evaluation of these policies may vary depending on different perspectives and contexts. Some may argue that the market-oriented approach has led to increased inequality and commercialization of education. Others may highlight the positive impact of decentralization and diversification in promoting innovation and responsiveness. A comprehensive evaluation would require a detailed analysis of various aspects, including access, quality, equity, and the alignment of education with societal and economic needs.

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To solve the problem in Excel, you can use the geometric growth formula along with the PMT function. The first paragraph explains the steps to calculate the increasing annual payments, and the second paragraph provides a detailed explanation of the solution.

To calculate the increasing annual payments, you can use the geometric growth formula: P = P₀ * (1 + r)^(n - 1), where P is the payment at a particular year, P₀ is the initial payment, r is the growth rate (8% or 0.08), and n is the year. In this case, you would need to calculate the payments for years 2 to 20.

In Excel, you can set up the calculation by entering the initial payment of $5,000 in a cell (let's say A1). In cell A2, you can use the formula "=A1 * (1 + 0.08)^(ROW() - 1)" and then copy this formula down to cells A3 to A20. This formula calculates the payment for each year based on the previous year's payment.

To find the total cash flow over the 20-year period, you can use the SUM function. In a cell, you can use the formula "=SUM(A1:A20)" to get the sum of all the payments. This will give you the total cash flow at the end of year 20.

By using these formulas and functions in Excel, you can calculate the increasing annual payments and the total cash flow over the 20-year period.

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The correct answer is c. Cause the supply curve to shift to the left, thus creating a fall in the equilibrium price.

When the price of a substitute good decreases, consumers will demand less of the original good and instead buy more of the substitute good, which will cause a decrease in the demand for the original good. As a result, the demand curve for the original good will shift to the left.

At the same time, producers of the substitute good will experience an increase in demand, causing them to produce more of the substitute good. This will increase the supply of the substitute good, causing the supply curve for the original good to shift to the left as well.

Since both the demand curve and the supply curve are shifting to the left, it can be concluded that the quantity demanded and supplied of the original good will decrease, leading to a fall in the equilibrium price.

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The given question is a numerical problem of price elasticity of demand. Here, we need to calculate the coefficient of price elasticity of demand between the two prices - 1.20 m and 1.00.

Quantity demanded is the total quantity of goods or services demanded at a certain price. The formula for price elasticity of demand is: PE D = \fr ac{\% change\ in\ quantity\ demanded}{\% change\ in\ price}Let us calculate the percentage change in price from 1.20 to 1.00:Percentage change in price =\ fr c {\1.20-\1.00}{\1.20}\times 100\%= 16.67%Now.

let us calculate the percentage change in quantity demanded from 90 units to 120 units:Percentage change in quantity demanded 100\%= 33.33%Substitute the values in the formula for price elasticity of demand{\% change\ in\ price= 2 the coefficient of price elasticity of demand between the two prices is 2. Hence, option D - 1.93 is incorrect. The correct option is option A - 64.

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Passing the legislation is beneficial for Verben and if everyone in Verben shared equally in both its benefits and its costs, the Parliament will vote in favor of the legislation.

The legislation under consideration by the Parliament of Verben is projected to generate benefits of $25 million and costs of $21 million. With a population of 50 million, passing the legislation would result in a net benefit of $4 million for the country.

This means that the benefits outweigh the costs, making it advantageous for Verben to implement the proposed legislation.

When it is mentioned that "if everyone in Verben shared equally in both its benefits and its costs," it implies a fair distribution of the financial impact among the population.

In this scenario, each person in Verben would bear a cost of $0.42 million ($21 million divided by 50 million) and would receive a benefit of $0.50 million ($25 million divided by 50 million). Therefore, the net benefit for each individual would be $0.08 million ($0.50 million minus $0.42 million).

Considering that the legislation generates a positive net benefit for both the country as a whole and its individual citizens, it is highly likely that the Parliament will vote in favor of the legislation.

The positive outcome indicates that the legislation aligns with the interests of the population and contributes to the overall well-being of Verben.

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After the merger between Bee-Bee Company and Honey Ltd., the earnings per share (EPS) of Honey will be R3.00 (3.1). The share price would be R12.00 and the PE ratio would be 4 (3.2). The value of Bee-Bee to Honey is R720,000 (3.3).

To calculate the EPS of Honey after the merger (3.1), we divide the combined earnings (after tax) of the two companies by the total number of shares issued by Honey:

Earnings of Honey = Earnings of Bee-Bee + Earnings of Honey

EPS of Honey = (360,000 + 720,000) ÷ (240,000 + 240,000)

EPS of Honey = 1,080,000 ÷ 480,000

EPS of Honey = R3.00

To determine Honey's share price and PE ratio with a zero NPV of the acquisition (3.2), we can use the formula:

Share price = EPS × PE ratio

Share price = R3.00 × 4

Share price = R12.00

PE ratio = Share price ÷ EPS

PE ratio = R12.00 ÷ R3.00

PE ratio = 4

The value of Bee-Bee to Honey (3.3) can be determined by multiplying the earnings of Bee-Bee by the PE ratio of Honey:

Value of Bee-Bee = Earnings of Bee-Bee × PE ratio of Honey

Value of Bee-Bee = 360,000 × 4

Value of Bee-Bee = R720,000

Therefore, after the merger, the EPS of Honey will be R3.00, the share price will be R12.00, the PE ratio will be 4, and the value of Bee-Bee to Honey will be R720,000.

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The correct option is option A for the market demand as when the price of a commodity falls, the quantity demanded of that good rises, all other factors remaining constant.

Suppose that Sony decides to decrease the price of the Blu-ray player, for which there are many Blu-ray videos available. Based on Sony's decision, the inference can be made that the quantity of Blu-ray systems demanded will increase.Choose the correct option: A.

Market demand is the total amount of a good or service that customers in a given market are willing and able to buy at different price points. It depicts the total market's individual customers' combined demand. Price, customer preferences, income levels, the presence of substitutes, and general economic conditions are some of the variables that affect market demand. For firms to decide pricing strategies, production levels, and market positioning, it is essential to understand market demand. Businesses can find opportunities, evaluate market potential, and make wise decisions about product development, marketing initiatives, and overall business strategy by analysing market demand.

The quantity of Blu-ray systems demanded will increase.What is market demand?Market demand is the overall quantity of goods and services that will be bought at various prices by a consumer group over a specific period in a particular market. There is a connection between market demand and price in the economy.The law of demand holds that when the price of a commodity rises, the amount of that good that consumers are willing to purchase falls, all other factors being equal. Similarly, when the price of a commodity falls, the quantity demanded of that good rises, all other factors remaining constant.

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To journalize the transactions related to Sisman Bhd's available for sale (AFS) financial asset, the following entries should be recorded:

1. On February 1, 2020, when Sisman Bhd purchased 100,000 ordinary shares of XNX Bhd:

Date: February 1, 2020

Debit: Available for Sale Financial Asset (Investment) - XNX Bhd (RM1,000,000)

Credit: Cash (Payment for Shares) (RM1,000,000)

2. On December 31, 2020, when Sisman Bhd receives the cash dividend from its investment:

Date: December 31, 2020

Debit: Cash (RM55,000)

Credit: Dividend Income (RM55,000)

Please note that these entries assume there are no other relevant transactions or adjustments for the AFS financial asset during the period. It's important to consider any additional information or specific instructions provided to ensure accurate recording of the journal entries.

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When we compare the percentage change in current dollar GDP (nominal GDP) and the percentage change in general prices (inflation), we can determine the country's real output, which accounts for changes in purchasing power.

In this case, the current dollar GDP rose by 7% from 2021Q1 to 2022Q1, while general prices rose by 8% over the same period.

To assess whether the country is better off, worse off, or about the same in terms of real output, we need to calculate the real GDP growth rate by adjusting for inflation. We can use the following formula:

Real GDP Growth Rate = Nominal GDP Growth Rate - Inflation Rate

In this case, the nominal GDP growth rate is 7%, and the inflation rate is 8%. Let's calculate the real GDP growth rate:

Real GDP Growth Rate = 7% - 8%

Real GDP Growth Rate = -1%

The negative real GDP growth rate indicates that the country's real output has decreased by 1% from 2021Q1 to 2022Q1. Therefore, the country is worse off in terms of real output.

The reason for this is that even though the current dollar GDP increased by 7%, the general price level rose by 8%, eroding the purchasing power of the country's output. This means that the country's production of goods and services did not outpace the increase in prices, resulting in a decline in real output.

In summary, despite the increase in nominal GDP, the country experienced a decrease in real output due to a higher inflation rate. The decline in real output suggests a decrease in the country's overall economic welfare during the period in question.

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The total amount of interest expense that should be capitalized according to IAS 23 Borrowing Costs Standard is TL 23,000.

According to the IAS 23 Borrowing Costs Standard, interest costs directly attributable to the acquisition, construction, or production of a qualifying asset should be capitalized. A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale.

In this scenario, Building X is a qualifying asset as it is under construction. The interest costs incurred by ABC Corporation on the borrowed money for the construction of Building X should be capitalized.

To determine the total amount of interest expense that should be capitalized, we consider the interest payments made during the construction period.

Based on the given information, the interest payments made are as follows:

- 1 September 2021: TL 10,000

- 1 March 2022: TL 11,000

- 1 September 2022: TL 12,000

Adding these amounts together, we get: TL 10,000 + TL 11,000 + TL 12,000 = TL 33,000.

Therefore, the total amount of interest expense that should be capitalized according to IAS 23 is TL 23,000.

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A pull policy can lead to significant expenses. It refers to a system where resources are only obtained when needed, resulting in potential costs for retrieving or acquiring those resources.

This approach contrasts with a push policy, where resources are provided in advance. The pull policy's costs can include transportation, storage, and coordination expenses, as well as the risk of delays or shortages if resources are not readily available when requested.

A pull policy is an approach where resources are obtained or produced only when there is a demand for them. This means that resources are not pre-emptively supplied or stocked but are acquired as needed. While this approach can offer benefits such as reduced waste and increased efficiency, it can also lead to heavy expenditures.

One reason for the potential expenses is that in a pull system, resources must be retrieved or acquired when requested. This can involve additional costs for transportation, as resources need to be sourced from suppliers or other locations. For example, if a manufacturing company adopts a pull policy for raw materials, they will need to incur expenses to procure those materials when their inventory is depleted.

Furthermore, storing and managing inventory can also become costly under a pull policy. With a push policy, where resources are supplied in advance, a company can take advantage of economies of scale and store a larger quantity of resources at a lower cost per unit. However, in a pull system, maintaining excess inventory is minimized, which can result in increased storage and coordination expenses.

There is also a risk of delays or shortages when using a pull policy. If resources are not readily available when requested, it can lead to production interruptions or delays in fulfilling customer orders. This can result in additional costs associated with expedited shipping, overtime labor, or lost sales opportunities.

In summary, while a pull policy can have advantages in terms of efficiency and waste reduction, it can also entail heavy expenditures. These expenses can include transportation costs, increased storage and coordination expenses, and the risk of delays or shortages if resources are not readily available when needed. Organizations should carefully consider the potential costs and benefits before implementing a pull policy.

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