Answer:
Moral ideas reflect society through collective behaviors that are presented by a large part of the population. These behaviors determine how far we are free to think about moral issues, as there is a social pressure that we associate our thoughts within this collective behavior.
Explanation:
Moral ideas determine what is right and wrong within society. This makes the population organize to act and behave in accordance with these oral ideas, collectively, always encouraging what is considered correct, good and progressive. This type of concept limits the freedom of individuals to think for themselves and reach their own conclusions about moral issues and social behavior, because there is pressure for the moral ideas accepted by most members of the population to be accepted without debate. For this reason, issues such as homosexuality, abortion, euthanasia, among others, are sources of criticism for a social minority, which decides to take a stand on these issues in a way contrary to the positing revealed as a moral idea by the majority of society.
In each of the following situations, determine whether the company would be more likely or less likely to benefit from refining its costing system.
1. In bidding for jobs, managers lost bids they expected to win and won bids they expected to lose
2. The company operates in a very competitive industry.
3. The company produces few products, and the products consume resources in a similar manner.
4. The company has very few indirect costs
5. The company produces high volumes of some of its products and low volumes of other products.
6. The company has reengineered its production process but has not changed its accounting system
Answer and Explanation:
The classification is as follows;
a. When the lost bids could be wins and won bids could be lose so it is most likely
b. When the company operates in the industry i.e. competitive so it is most likely
c. When the company generates less products and products are consumed in same way so it is less likely
d. When the company has less non-direct cost so it is less likely
e. When the company generated the high volume of products and some products are of less volume so it is most likely
f. When the company reengineered the process of the production but not varied the accounting system so it is most likely
In the following MRP planning schedule for Item J, indicate the correct net requirements, planned order receipts, and planned order releases to meet the gross requirements. Lead time is one week.
WEEK NUMBER
ITEM J 0 1 2 3 4 5
Gross requirements 67 43 63
On-hand 46
Net requirements
Planned order receipt
Planned order release
Answer:
Planned order receipts
Item 3 - 55
Item 4 - 74
Planned order releases
Item 2 - 55
Item 3 - 74
Explanation:
Planned order receipts are the requirement for each item based on demand. Planned order releases is the finished goods processing time. When finished goods are ready, they are placed at warehouse for order dispatch.
_____ can be calculated as the percentage of workers who remain in a firm from one point in time to another point in time.
Answer: Retention rate
Explanation:
Retention rate refers to the percentage of customers that are retained by a business for a given period of time.
Retention rate is usually calculated on an annual basis. It can be calculated as the percentage of workers who remain in a firm from one point in time to another point in time.
The impact of interest rate changes in the PV of $100 due in 20 years compared to the PV of $100 due in one year are:
a. smaller because interest rate changes have a greater impact on the near-term cash flows than distant cash flows.
b. the same because the cash flow is the same.
c. greater because interest rate changes have a greater impact on distant cash flows than near-term cash flows.
d. sometimes less and sometimes more depending on the interest rate.
Answer: c. greater because interest rate changes have a greater impact on distant cash flows than near-term cash flows.
Explanation:
Interest rate changes have a greater impact on distant cashflows because those cashflows will be exposed to the interest rates for longer. This means that they will be subjected to more discounting than a cashflow that is due in one year which would be subject to only a single year of discounting.
For instance, assume the required rate of return for two investments is 10%. One investment yields $10,000 in 20 years and another yields $10,000 in 2 years .
The present value of both are:
= 10,000 / (1 + 10%)²⁰ = 10,000 / ( 1 + 10%)²
= $1,486.43 = $8,264.46
Notice the difference. The longer term investment was more exposed to interest rate effects.
Henley Corporation has bonds on the market with 12 years to maturity, a YTM of 9.7 percent, a par value of $1,000, and a current price of $948. The bonds make semiannual payments. What must the coupon rate be on the bonds
Answer:
8.96%(9.0% rounded to 1 decimal place since YTM of 9.7% was also to 1 decimal place)
Explanation:
In ascertaining the coupon rate, we need to, first of all, determine the semiannual coupon payment(since the bond pays coupons on a semiannual basis) of the bond using a financial calculator bearing in mind that the calculator would be set to its default end mode before making the following inputs:
N=24(number of semiannual coupons in 12 years left to maturity=12*2=24)
I/Y=4.85(semiannual yield to maturity without the "%" sign=9.7%/2=4.85%)
PV=-948( the current bond price of $948 shown as a negative since it is an outflow of cash for the bond investor)
FV=1000(the bond face value of $1000)
CPT
PMT=$44.79
semiannual coupon=face value*coupon rate/2
$44.79=$1000*coupon rate/2
$44.79*2==$1000*coupon rate
$89.58=$1000*coupon rate
coupon rate=$89.58/$1000
coupon rate=8.96%
An analyst prepares the following common-size income statements for Perez Company: 20X1 20X2 20X3 Sales 100% 100% 100% Cost of goods sold 50% 52% 53% Selling and administrative expense 16% 12% 9% Interest income 4% 4% 4% Pretax income 30% 32% 34% Income tax expense 15% 16% 17% Net income 15% 16% 17% Based only on this information, Perez's improving net profit margin is most likely a result of:
Answer:
Perez Company
Based only on this information, Perez's improving net profit margin is most likely a result of:
Decreasing Selling and Administrative Expenses over the years.
Explanation:
a) Data and Calculations:
Perez Company
Common-size Income Statements for three years:
20X1 20X2 20X3
Sales 100% 100% 100%
Cost of goods sold 50% 52% 53%
Selling and administrative expense 16% 12% 9%
Interest income 4% 4% 4%
Pretax income 30% 32% 34%
Income tax expense 15% 16% 17%
Net income 15% 16% 17%
b) A review of the common-size income statement of Perez Company shows that its selling and administrative expenses continued to reduce an average of 300 percentage points year on year. This reduction can be clearly seen in its improved net income, which also continued to improve year on year. However, the improvement was hampered by increasing income tax expense, which witnessed the same increase.
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $27,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following
Deposit in transit 3,350
Outstanding checks 1,350
Answer: $29,861
Explanation:
In order to adjust the bank statement balance to the books, the following is done:
= Bank statement + Deposit in transit - Outstanding checks
= 27,861 + 3,350 - 1,350
= $29,861
The calculation of WACC involves calculating the weighted average of the required rates of return on debt and equity, where the weights equal the percentage of each type of financing in the firm's overall capital structure.
(rstd, rps, rs, rd)
_______ is the symbol that represents the required rate of return on short-term debt in the weighted average cost of capital (WACC) equation.
Co. has $2.3 million of debt, $1 million of preferred stock, and $2.2 million of common equity. What would be its weight on debt?
a. 0.42
b. 0.18
c. 0.40
d. 0.16
Answer:
a. 0.42
Explanation:
Calculation to determine What would be its weight on debt?
First step is to calculate the Total firm capital
Total firm capital= $2.3 + $1 + $2.2
Total firm capital= 5.50 million.
Now let determine the weight on debt using this formula
Weight on debt= Debt in the firm/ Total firm capital
Let plug in the formula
Weight on debt = $2.3 million/ 5.50 million
Weight on debt = 0.4182.
Weight on debt=0.42 (Approximately)
Therefore What would be its weight on debt is 0.42
John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction with his business. Which is not deductible in any amount?
1. Dinner with a potential client where the client's business was discussed.
2. A trip to Houston to negotiate a contract.
3. A seminar in Houston on new developments in the software industry.
4. A trip to New York to visit a school chum who is also interested in computers.
A. 4 only
B. 3 only
C. 2 only
D.None of these
E. 1 only
A monetary growth rule means that :__________a) the Fed will raise interest rates if it thinks the economy is growing faster than potential. b) the Fed will lower interest rates if it thinks a recession is on the horizon. c) the money supply should grow in response to economic conditions. d) the money supply should grow at a constant rate.
Answer:
d) the money supply should grow at a constant rate.
Explanation:
The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, the Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
Monetary growth rule is a theory that was proposed by Friedman and it states that the Federal Reserve System (Fed) should be required to set or target the money supply growth rate to be equal to the growth rate of Real gross domestic product (GDP) each year and leaving the price level of goods and services unchanged.
Basically, this growth rate of gross domestic product (GDP) is usually set between 1% and 4%. Also, the monetary growth rule is also referred to as the K-Percent rule.
Hence, a monetary growth rule means that the money supply should grow at a constant rate.
Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called
Answer:
multinational market regions.
Explanation:
It is the region where it deals with the groups countries that have seeks with regard to the mutual economic benefit arise from decreasing the trade and the trade barriers. Also the countries are looking for alliances in order to diversify the access to the free markets
A company purchased factory equipment for $350,000. It is estimated that the equipment will have a $35,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be:_________ a. $140,000 b. $84,000. c. $126,000 d. $75,600
Answer:
Annual depreciation= $126,000
Explanation:
Giving the following information:
Purchase price= $350,000
Useful life= 5 years
Salvage value= $35,000
To calculate the annual depreciation under the double-declining balance, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(350,000 - 35,000) / 5]
Annual depreciation= $126,000
_______________ skills, though developed through job training and work experience, are generally acquired during the course of your formal education.
a. Interpersonal
b. Technical
c. Conceptual
d. Communication
Answer:
D
Explanation:
Delta Screen Corporation is currently operating at 60% of capacity and producing 6,000 screens annually. The normal selling price is $750 per screen. They recently received an offer from a company in Germany to purchase 2,000 screens for $500 per unit. Delta has not previously sold products in Germany. Budgeted production costs for 6,000 and 8,000 screens follow:Units Produced 6,000 8,000 Direct Materials Cost $ 750,000 $ 1,000,000Direct Labor Cost 750,000 1,000,000Variable Overhead 900,000 1,200,000 Fixed Overhead 1,200,000 1,200,00 Total Cost 3,600,000 4,400,000Full Cost per Unit 600 550Delta’s marketing manager believes that although the price offered by the German customer is lower than current price, the order should be accepted to gain a foothold in the German market. The production manager, however, believes that the order should be rejected because the unit cost is higher than the price offered.If the president of Delta were to call on you to resolve the difference in opinion, what would you recommend? Explain.What is the minimum price for the special order if Delta is operating at full capacity?
Answer:
a. I would recommend the the special order should be accepted.
b. The minimum price for the special order is the current selling price of $750.
Explanation:
a. If the president of Delta were to call on you to resolve the difference in opinion, what would you recommend?
Because the existing data's format and findings are deceiving, I would suggest to the president to let us perform a differential analysis before making a recommendation.
Note: See the attached excel file for a analysis of accepting the order.
In the attached excel file, the following calculation is done:
Special order revenue = Difference revenue = Units of special order * Special order price per unit = 2,000 * $500 = $1,000,000
Revenue with the special order = Revenue without the special order + Special order revenue = $4,500,000 + $1,000,000 = $4,500,000
From the differential analysis in the attached excel, it can be observed that accepting the order will increase profit by $200,000.
Therefore, I would recommend the the special order should be accepted.
b. What is the minimum price for the special order if Delta is operating at full capacity?
Since other sales opportunities has be forgone if the special order is accepted if Delta is operating at full capacity, the minimum price for the special order must be or is the current selling price of $750.
Explain the difference between the concepts of Business Management and Technology Management. Provide examples.
Answer:
Explanation:
There is a difference between business management and technology management.
Business management refers to managing the organization's business perspective so that the direct business objectives of the organization is served.
Business management involves managing the domain, employees, looking after the business processes of an organization, etc. whereas
While technology management is used to make the business process simple and convenient through various aspects like managing the technical aspect of each and every business process and that is possible by having details about the technical aspects that are involved in all the business process of the organization.
For an organization to be successful it should possess all the required management techniques that include the business and technical aspects both.
Today the way of doing business has changed a lot and hence the organizations need to be quite diligent and effective in order to sustain and remain competitive in the industry.
Freddy offers to supply water bottles to Jerry’s Gym at a cost of $40a case. The signed contract says that Jerry’s Gym will buy one case of water a month for 12 months. Three months into the contract, Freddy calls Jerry And tells Jerry that the price has gone up to $70a month because Freddy’s product is in such high demand. Jerry refuses to pay. Jerry finds a new supplier, Wally, who will provide one case of water for 9 months at a cost of $50a case. Jerry sues Freddy for breach of contract. What type of damages is Jerry’s Gym entitled to and how much money does Freddy have to pay Jerry’s Gym
Answer:
-jerry is entitled to monetary damages compensations due to a contract breach.
-Freddy has to pay Jerry $90
Explanation:
the damage that the gym is entitled to would be that of a contract breach. Freddy wanted to earn more money so he breached the contract. Now given that Jerry had to go with another supplier of water at a greater cost of 50 dollars for 9 months, just to satisfy his requirements. Freddy has to pay him monetary damages for this breach in contract. he has to pay the difference that exists between the price in the contract they had and what jerry now has to pay due to the breach. The difference is 10 dollars, which is to be paid every month for 9 months
= (50 - 40)*9
= 10 * 9 = $90
Consider a simple economy whose only industry is fishing. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of fish one fisherman catches per hour. In the following table, match each example to the productivity determinant it represents.
Examples Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge
The fertile waters in which the fish feed and breed
The skills workers develop through training before working on and piloting boats
A route fishing boats can follow to maximize their catch at different points in the day
The boats in the fishing fleet
Answer:
The fertile waters in which the fish feed and breed ⇒ Natural Resources per worker.
The skills workers develop through training before working on and piloting boats ⇒ Human Capital per worker.
A route fishing boats can follow to maximize their catch at different points in the day ⇒ Technological Knowledge.
The boats in the fishing fleet ⇒ Physical Capital
FAB Corporation will need 200,000 Canadian dollars (C$) in 90 days to cover a payable position. Currently, a 90-day call option with an exercise price of $.75 and a premium of $.01 is available. Also, a 90-day put option with an exercise price of $.73 and a premium of $.01 is available. FAB plans to purchase options to hedge its payable position. Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost
Answer:
$144,000
Explanation:
Calculation to determine net amount paid, assuming FAB wishes to minimize its cost
Net amount: ($.71 + $.01) x 200,000
Net amount = $144,000.
Therefore net amount paid, assuming FAB wishes to minimize its cost is $144000
A manufacturer reports the following costs to produce 10,000 units in its first year of operations: Direct materials, $10 per unit, Direct labor, $6 per unit, Variable overhead, $70,000, and Fixed overhead, $120,000. The total product cost per unit under absorption costing is
Answer:
Total unitary product cost= $35
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unitary overhead= (120,000 + 70,000) / 10,000) $19
Now, the total product cost:
Total unitary product cost= 10 + 6 + 19
Total unitary product cost= $35
Your firm uses half debt and half equity. The shareholders need to earn 20%. The firm can borrow at 5%. The risk free rate is 2%. The tax rate is 40%. Find the weighted average cost of capital.
Answer:
11.5%
Explanation:
WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)
George Washington Carver developed new
A.military strategies
B. web 2.0 products
C. agricultural innovations
D. long-distance communication
George Washington Carver developed new agricultural innovations. Thus, the correct answer is option (C).
Who was George Washington Carver?George Washington Carver was an American agricultural scientist and inventor who advocated for non-cotton crops and ways to avoid soil depletion. He was a famous black scientist in the early twentieth century.
Carver created an agriculture extension in Alabama as well as an industrial research lab, where he worked tirelessly on the development of hundreds of novel plant applications. Carver created his crop rotation technique at Tuskegee, which alternated nitrate-producing legumes like peanuts and maize with cotton, which depletes the soil of nutrients. His innovations are attributed with ensuring the South's economic survival in the early twentieth century.
Therefore, George Washington Carver is considered to have made large contributions in agricultural innovations.
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How do you think the four management functions of planning, organizing, leading , and controlling fit in with the ideas Sinek expresses in his talk?
Answer:
This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100–200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.
The four functions of management are planning, organizing, leading, and controlling. By applying the right resources and knowledge, all these functions can easily fit in the ideas.
What is Management?More than just specialized knowledge, management requires an ability to navigate numerous procedural, structural, and interpersonal challenges in the process of guiding one's team to the completion of various goals.
What are the four management functions?No matter which company you work in, these four management functions remain consistent and applicable across all sectors.
Planning is important to identify the goals and making plans to attain these goals.Organizing refers to taking up of these plans and putting into action.Leading is the stage of motivating and influencing employees to do the work. Controlling function consists of monitoring performance and progress through project execution and making adjustments as needed.Thus, by using knowledge, team-management, and right resources, all these functions can fit in with the ideas.
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Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2021, deposits collected on containers shipped were $890,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2021, represented deposits of $595,000. In 2021, $827,000 was refunded and deposits forfeited were $56,750. Required: 1. Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. 2. Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 > Record the deposits collected. < 1 2 3 4 Record the containers returned. < 1 2 3 4 Record the deposits forfeited - record revenue. < 1 2 3 4 Record the deposits forfeited - adjust inventory. Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet. Balance on December 31
Answer:
1. (a) Dr Cash $890,000
Cr Liability for refundable deposits $890,000
(b) Dr Liability for refundable deposits $827,000
Cr Cash $827,000
(c) Dr Liability for refundable deposits $56,750
Cr Sale of containers $56,750
(d) Dr Cost of goods sold $56,750
Cr Inventory of containers $56,750
2.$601,250
Explanation:
1.Preparationof the appropriate journal entries for the deposits received, returned, and forfeited during 2021.
(a) Dr Cash $890,000
Cr Liability for refundable deposits $890,000
(b) Dr Liability for refundable deposits $827,000
Cr Cash $827,000
(c) Dr Liability for refundable deposits $56,750
Cr Sale of containers $56,750
(d) Dr Cost of goods sold $56,750
Cr Inventory of containers $56,750
2. Calculation to determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet.
Using this formula
Ending liability for refundable deposits = Liability for refundable deposits, January 1, 2021 + Deposits received during 2021 - Deposits returned during 2018 - Deposits forfeited during 2021
Let plug in the formula
Ending liability for refundable deposits= $595,000 + $890,000 - $827,000 - $56,750
Ending liability for refundable deposits= $601,250
Therefore the liability for refundable deposits to be reported on the December 31, 2021, balance sheet is $601,250
Consider the following data and then calculate the half-life for this particular isotope:
Time Activity (cpm)
0 days 320,000
40 days 216,100
100 days 120,000
(A) 35.2 days.
(B) 75.6 days.
(C) 70.6 days.
(D) 62.9 days.
(E) None of these.
Answer:
D. 62.9 days
Explanation:
Half Life Cpm activity:
320,000 / 2 = 160,000
At 100 days cpm is 120,000 then cpm 160,000 will be at 62.9 days.
[320,000 - 216,100] / 40 days = 2,597.5
160,000 / 2,597.5 = 62.9 days.
Comparing each item on a financial statement with a total amount from the same statement is referred to as
Answer: vertical analysis
Explanation:
Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.
Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.
Jayco has the following expected cash flows from a project. Calculate the payback period of the project. Year 0 (685,000) Year 1 255,000 Year 2 355,000 Year 3 455,000 Year 4 555,000
Answer:
2.16 years
Explanation:
SmartCorp sells 500 units, resulting in $75,000 of sales revenue, $32,000 of variable costs, and $20,000 of fixed costs. The number of units that must be sold to achieve $41,000 of operating income is: (Round intermediary calculations to two decimal places, and your final answer up to the nearest whole number.)
Answer: 709
Explanation:
selling price per unit will be:
= $75000/500
= $150
Variable cost per unit:
= $32000/500
= $64
Contribution margin per unit = $150 - $64 = $86
Number of units to be sold will now be:
= ($20000 + $41000) / $86
= $61000/$86
= 709
The lifetime of a particular brand of A batteries follows a normal distribution. The mean lifetime of particular brand of A batteries is 1000 hours, with a standard deviation of 100 hours.
1. What percentage of batteries last more than 1100 hours?
a. 2.5%.
b. 5%.
c. 16%.
d. 32%.
2. What is the probability that a randomly selected battery lasts more than 875 hours?
a. 0.3749.
b. 0.8944.
c. 0.8716.
d. 0.1056.
3. What is the probability that a randomly selected battery lasts between 1150 and 1250 hours?
a. 0.2417.
b. 0.4332.
c. 0.9915.
d. 0.3085.
Answer:
1. d. 32%
2. a. 0.3749
3. c. 0.9915
Explanation:
Percentage of battery is calculated by;
mean - sample / standard deviation
1100 hours - 875 / 100 = 225 / 875 = 0.3749
z-score calculated based on the probability of battery is 0.6549
[ 1250 - 1150 ] / 1250 = 0.9915
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 36,000 $ 34,500 Work in process $ 20,500 $ 26,000 Finished goods $ 36,500 $ 51,500 Additional information: Raw materials purchases $ 70,500 Direct labor cost $ 95,500 Manufacturing overhead cost incurred $ 63,500 Indirect materials included in manufacturing overhead cost incurred $ 9,800 Manufacturing overhead cost applied to Work in Process $ 62,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is:
Answer:
Cost of goods manufactured= $214,700
Explanation:
First, we need to calculate the direct material used:
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 36,000 + 70,500 - 34,500
Direct material used= $72,000
Now, we can determine the cost of goods manufactured:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 20,500 + 72,000 + 95,500 + (62,500 - 9,800) - 26,000
cost of goods manufactured= $214,700
An expansion/ boom can be stabilized/fixed by following expansionary fiscal policy. Expansionary monetary policy used to fix stagflation can worsen the problem of inflation. Recession caused by a negative demand shock is fixed by an expansionary monetary policy. A boom can be stabilized/fixed by following contractionary monetary policy.
Answer:
An expansion/ boom can be stabilized / fixed by following expansionary fiscal policy.
Explanation:
The statement mentioned above is not correct, rest of all the statements are correct. An expansionary fiscal policy is used when money supply is increase in the economy. This will raise spending and taxes will be cut down in order to increase investments in the country.
