Economic Development in Bangladesh
OPENING CASE
When Bangladesh gained independence from Pakistan in 1971 after a brutal civil war that may have left as many as 3 million dead, the U.S. National Security Adviser, Henry Kissinger, referred to the country as a "basket case." Kiss inger's assessment was accurate enough. At the time, Bangladesh was one of the world's poorest nations. Al though most of the country is dominated by the Ferte Ganges-Brahmaputra delta, a lack of other natural re sources, coupled with poor infrastructure, political instability, and high levels of corruption, long held the country back. To compound matters, Bangladesh is prone to natu ral disasters. Most of Bangladesh is less than 12 meters above sea level. The extensive low-lying areas are vulner able to tropical cyclones, floods, and tidal bores.
Beginning in the mid 1990s, however, Bangladesh be gan to climb the ladder of economic progress. From the early 2000s onward, the country grew its economy at around 6 percent per annum compounded. Today, this Muslim majority country of 160 million people has joined the ranks of lower-middle-income nations. Poverty reduction has been dramatic, with the percentage of the population living in poverty falling from 44.2 percent in 1991 to 18.5 percent in 2010, an achievement that raised 20.5 million people out of abject poverty. Today the country ranks 64th out of the 154 countries included in the World Bank's global poverty database. Yes, it has a considerable way to go, but it is no longer one of the world's poorest countries.
Several reasons underlie Bangladesh's relative eco nomic success. In its initial post-independence period, Bangladesh adopted socialist policies, nationalizing many companies and subsidizing the costs of agricultural production and basic food products. These policies failed to deliver the anticipated gains. Policy reforms in the 1980s were directed toward the withdrawal of food and agricul tural subsidies, the privatization of state-owned compa nies, financial liberalization, and the withdrawal of some import restrictions. Further reforms aimed at liberalizing the economy were launched in the 1990s. These included. making the currency convertible (which led to a floating exchange rate in 2003), reducing import duties to much
lower levels, and removing most of the controls on the movement of foreign private capital (which is allowed for more foreign direct investment). The reforms of the 1990s. coincided with the transition to a parliamentary democracy. from semi-autocratic rule.
Bangladesh's private sector has expanded rapidly since then. Leading the growth has been the country's vibrant textile sector, which is now the second-largest exporter of ready-made garments in the world after China. Textiles ac count for 80 percent of Bangladesh's exports. The development of the textile industry has been helped by the availability of low-cost labor, managerial skills, favorable trade agreements, and government policies that elimi nated import duties on inputs for the textile business, such as raw materials. The Bangladesh economy has also ben efited from its productive agricultural sector and remit tences from more than 10 million Bangladesh citizens who work in other nations. Bangladesh is also home of the mi crofinance movement, which has enabled entrepreneurs with no prior access to the banking system to borrow small amounts of capital to start businesses.
This being said, the country still faces considerable impediments to sustaining its growth. Infrastructure re mains poor, corruption continues to be a major problem; and the political system is, at best, an imperfect democ racy where opposition is stified. The country is too depen dent upon its booming textile sector and needs to diversify its industrial base. Bangladesh is also one of the countries most prone to the adverse effects of climate change. A one-meter rise in sea level would leave an estimated 10 percent of the country under water and increase the po tential for floods in much of the remainder. travel, according to the U.S. Investment bank Gold man Sachs, Bangladesh is one of the 11 lower-middle income nations posed for sustained growth.
Please answer the following Qs:
What were the principal reasons for the economic stagnation of Bangladesh after its war for independence?
Explain how the liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of economic progress. What are the main lessons here that can be applied to economic development in other nations?
Bangladesh is dependent for its prosperity upon agriculture and textile exports. What are the risks here? How might Bangladesh diversify its industrial and commercial base?

The collapse of Sachsen LB in Germany in 2007 had significant effects on the overall economy, both on a regional and global scale. Sachsen LB was a German public-sector bank that faced severe difficulties due to its exposure to the US subprime mortgage market.

The bank had invested heavily in mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) that were linked to the US housing market, which collapsed in 2007. The immediate effect of the Sachsen LB collapse was a loss of confidence in the German banking sector. Investors and depositors became concerned about the stability of other banks with similar investments, leading to a tightening of credit conditions and a reduction in lending activities.

This, in turn, contributed to an economic slowdown in Germany and the wider Eurozone, as businesses and consumers faced challenges in accessing credit. On a global scale, the collapse of Sachsen LB was one of the early indicators of the impending financial crisis that would become known as the Global Financial Crisis (GFC) of 2008. The failure of Sachsen LB, along with similar failures of other financial institutions worldwide, highlighted the systemic risks in the global financial system, and the interconnectedness of markets and institutions.

To summarize, the collapse of Sachsen LB in 2007 had far-reaching effects on the overall economy. It contributed to a loss of confidence in the banking sector in Germany and the Eurozone, leading to an economic slowdown. Furthermore, it served as a harbinger of the Global Financial Crisis that followed in 2008, impacting economies on a global scale.

Learn more about Global Financial Crisis https://brainly.com/question/12597513

#SPJ11

The SWOT analysis for Mayo Clinic-Phoenix is presented below.Strengths:Mayo Clinic-Phoenix has several strengths, including its: Reputation for providing high-quality patient care and a positive patient experienceCutting-edge medical research and innovative medical technologies Physician recruitment and retention of highly skilled medical professionals

A broad range of medical specialties and subspecialties as well as research and education programs A solid financial position, with strong cash flow and no significant long-term debtWeaknesses:Mayo Clinic-Phoenix has a few weaknesses, including its: Relatively high costs for healthcare services, which may put it out of reach for some patient slack of presence in some markets, which limits its geographic reach to some extentOpportunities:Mayo Clinic-Phoenix has several opportunities, including: rowing demand for specialized medical services such as cancer care and cardiology Partnerships with other organizations to expand its service offerings and geographic reach Expansion into new markets, such as overseas marketsThreats:Mayo Clinic-Phoenix has several threats, including:

Increased competition from other healthcare providers, including local and regional hospitals Changes in regulations or policies that may impact the healthcare industry as a whole Emergence of new technologies or treatments that could disrupt its existing service offerings or business modelIn conclusion, the SWOT analysis above can assist the Mayo Clinic-Phoenix in formulating strategies that leverage its strengths and opportunities while mitigating its weaknesses and threats.

Read more about geographic here;https://brainly.com/question/12790602

#SPJ11

The given statement "When a company wants to have tight control over a foreign entity, it is in the company's best interest to use foreign direct investment FDI rather than forge a licensing agreement"  is false because foreign direct investment is a more suitable strategy compared to a licensing agreement.

Foreign direct investment involves acquiring or establishing assets and operating a business in a foreign country, often through purchasing a controlling interest in the foreign entity. This strategy allows the investing company to exercise significant control over the foreign entity's operations, management, and decision-making processes.

On the other hand, a licensing agreement is a contractual arrangement between two companies, where one company (the licensor) grants the other company (the licensee) the right to use its intellectual property, technology, or brand in a specific manner.

In a licensing agreement, the control exercised by the licensor is typically limited to the use of its intellectual property and the terms of the contract, and does not extend to the day-to-day operations and decision-making of the licensee's business.

In summary, if tight control over a foreign entity is the primary goal of a company, foreign direct investment is a more suitable strategy compared to a licensing agreement.

To know more about FDI, refer here:

https://brainly.com/question/19874030#

#SPJ11

In an economic sense, Christy is functioning as a worker in her role as a high school teacher.

As a high school teacher, she is engaged in a productive activity, providing a service (teaching) in exchange for a salary. This makes her a participant in the labor market, where she sells her labor services to earn income.

While her role as a college graduate and the youngest child in her family may have some impact on her economic position and opportunities, they do not directly involve productive activity or earning income.

Likewise, her hobby of watching sunsets does not constitute work in an economic sense, as it does not involve producing goods or services for exchange.

To elaborate further, the labor market is a key component of any economy, as it determines the allocation of human resources and the distribution of income.

Workers like Christy play a crucial role in the labor market by supplying their labor services to employers in exchange for compensation. This compensation can take the form of a salary, wages, or benefits such as healthcare and retirement plans.

learn more about economics here:

https://brainly.com/question/31640573

#SPJ11

1. In the Real-Life Ethical Dilemma Exercise, the captain of the Costa Concordia considered his own personal interests rather than focusing on the well-being of the passengers, crew, and the environment.

2. Due to the disaster, the passengers and crew members suffered physical harm, company suffered financial losses, and local community experienced environmental damage.

3. Carnival Corporation should provide financial compensation to affected families,  collaborate with agencies to assess and remediate environmental damages, conduct a thorough investigation of the accident, and rebuild trust and concerns of all stakeholders.

1. In the Real-Life Ethical Dilemma Exercise regarding the captain of the Costa Concordia, it appears that he primarily considered his own interests rather than those of the various stakeholders involved. This includes the passengers on the ship, the crew members, the company he worked for (Carnival Corporation), and the local community impacted by the disaster.

2. The different stakeholders affected by this disaster include:

  a. Passengers: They faced life-threatening situations, injuries, and in some cases, loss of life.

  b. Crew: Crew members were also at risk, and their jobs and livelihoods were affected.

  c. Local communities and environment: The accident caused environmental damage due to fuel leakage and potential harm to local ecosystems.

  d. Carnival Corporation: The company's reputation, finances, and legal liabilities were impacted.

3. Carnival Corporation should play an active role in resolving the needs of the various stakeholders impacted by this disaster. Some steps they can take include:

  a. Providing financial compensation and support to the families of passengers and crew members who lost their lives or were injured.

  b. Collaborating with local authorities and environmental agencies to assess and remediate environmental damages caused by the accident.

  c. Conducting a thorough investigation to identify the root causes of the accident and implementing necessary changes to prevent similar incidents in the future.

  d. Engaging in transparent communication with all stakeholders to rebuild trust and address their concerns.

Learn more about Ethical Dilemma:

https://brainly.com/question/14864299

#SPJ11

Gender discrimination may be shown in Karen's choice to turn down the employment offer since there were no female employees.

The act of treating someone unfairly or negatively because of their gender, while not always in a sexual manner, is known as gender discrimination. This includes discrimination or harassment based on a person's gender, gender expression, or their gender identity.

Her choice is founded on the presumption that being a woman will result in unequal treatment at work. People who feel they will be treated unfairly because of stereotypes related to their gender, race, or other characteristics experience what is known as "stereotype threat," a form of discrimination.

Learn more about employees Visit: brainly.com/question/27404382

#SPJ4

Reporting long-term debt with unamortized premium or discount on the balance sheet requires calculating the carrying value of each bond, classifying the bonds as long-term debt, reporting the bonds under the appropriate section on the balance sheet, and disclosing the unamortized premium or discount in the notes to the financial statements. By following these steps, a company can accurately present its long-term debt obligations to its stakeholders.

Dennis Corp. has two types of bonds with different amounts of unamortized premium and discount associated with them. To prepare the balance sheet presentation for these two bonds, we need to follow the following steps:

Calculate the carrying value of each bond:

The carrying value is the book value of the bond on the balance sheet, and it is calculated as the face value of the bond plus any unamortized premium or minus any unamortized discount. In the case of Dennis Corp., we have:

Bond A: Carrying value = Face value - Unamortized discount = $110,000 - $2,000 = $108,000

Bond B: Carrying value = Face value + Unamortized premium = $110,000 + $3,000 = $113,000

Classify the bonds as long-term debt:

Since both bonds have a maturity of more than one year, they are considered long-term debt and should be classified as such on the balance sheet.

Report the bonds under the appropriate section on the balance sheet:

Long-term debt should be reported under the liabilities section of the balance sheet. Specifically, Bond A should be reported as a long-term liability of $108,000, and Bond B should be reported as a long-term liability of $113,000.

Disclose the unamortized premium or discount:

The unamortized premium or discount should be disclosed in the notes to the financial statements. For example, we can disclose that Bond A has a $2,000 unamortized discount and Bond B has a $3,000 unamortized premium.

Click the below link, to learn more about Balance Sheet :

https://brainly.com/question/26323001

#SPJ11

The statement "A monopolistically competitive firm will maximize profits by charging a price equal to marginal cost" is true.

In addition to not producing the amount at the point where the marginal cost curve and the demand curve cross, a monopolistically competitive firm will not maximize profits by setting its price at the marginal cost.

Instead, a monopolistically competitive firm will produce the amount where marginal cost equals marginal income in order to maximize profits. Businesses generate differentiated goods that are imperfect alternatives for one another in a monopolistically competitive market.

Because of the higher price it will charge, a monopolistically competitive firm won't create the quantity at the point where the demand curve crosses the marginal cost curve.

Learn more about Monopoly

https://brainly.com/question/29765560

#SPJ4

Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method) in the amount of: $0. Thus, option (a) is correct.

Given information:

According to the indirect approach, the statement of cash flows starts with net income or loss and then adds or subtractions are made for non-cash revenue and cost components to produce cash flow from operational activities.

Cash received from consumers is not displayed when the Statement of Cash flows is calculated using the indirect approach; nevertheless, it is displayed when the Statement of Cash flows is calculated using the direct method.

So, it will be the $0.

Therefore, option (a) is correct.

Learn more about on cash flows, here:

https://brainly.com/question/27994727

#SPJ12

Your question is incomplete, but most probably the full question was.

On December 31, 2021, Tires Company reported net income of $52,000 and sales of $205,000. The company also reported beginning and ending accounts receivable at $20,500 and $25,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method) in the amount of:

Multiple Choice

$0.

$251,100.

$210,100.

$179,400.

The characteristics to analyze before delivering a successful training session are identify the objectives, analyze the audience, choose the appropriate training methods, develop the training materials, schedule the training, practice the delivery, and evaluate and adapt.

To analyze the type of characteristics required for Rebecca to deliver a successful training session, we must ensure that the training is adequately prepared to fit into the daily work pattern.

Here are the steps to consider:

1. Identify the objectives: Determine the specific goals and outcomes the training session should achieve. This will help Rebecca focus on the essential topics and skills to be covered.

2. Analyze the audience: Assess the participants' existing knowledge, skills, and job roles. This will help Rebecca tailor the training to their specific needs and ensure that it is relevant to their daily work pattern.

3. Choose the appropriate training methods: Select the most suitable training methods and techniques, such as lectures, discussions, hands-on exercises, or e-learning, based on the objectives and audience analysis.

4. Develop the training materials: Create or gather the necessary resources, such as presentations, handouts, and exercises, to support the chosen training methods.

5. Schedule the training: Choose a time and location that minimizes disruptions to the participants' daily work pattern. Consider factors like working hours, meeting schedules, and the availability of necessary resources.

6. Practice the delivery: Rebecca should rehearse her presentation and become familiar with the training materials. This will help her deliver the session confidently and address any questions or issues that may arise.

7. Evaluate and adapt: After the training session, gather feedback from participants to assess the effectiveness of the training. Use this information to improve future sessions and ensure that they continue to meet the needs of the participants and fit into their daily work pattern.

Learn more about Training:

https://brainly.com/question/26821802

#SPJ11

Based on the Capital Budgeting Techniques, the project has a positive NPV, PI, IRR, and MIRR. Therefore, it is recommended to be accepted. The project has an initial outlay of RM 390,000, with cash inflows of RM 865,000 and a terminal value of RM 70,000.

The initial outlay of the project is RM 390,000 (RM350,000 + RM40,000).

The recoverable cost of the project is RM 117,000 (30% of RM390,000).

Project's cash flow final disbursement is RM 70,000 (20% of RM350,000).

The project's terminal value is RM 70,000 (final disbursement).

The total PV of the project's cash flow is RM 672,345.14.

The total FV of the project's cash flow is RM 865,000.

The payback period of the project is 2.35 years (RM245,000 ÷ RM350,000).

The discounted payback period is 3.01 years (PV of RM245,000 ÷ PV of RM390,000).

The NPV of the project is RM 98,028.84.

The Profitability Index of the project is 1.25 (PV of cash inflows ÷ initial outlay).

The IRR is 17.58%.

The MIRR is 13.41%.

To calculate the PV of the cash flow, the cash flows for each year are discounted back to their present values using the cost of capital of 6.13% per annum. The formula used for PV calculation is [tex]$PV = \frac{CF}{(1+r)^n}$[/tex], where CF is cash flow, r is the discount rate, and n is the year. The total PV of the cash flow is the sum of the PVs for each year.

To calculate the FV of the cash flow, the cash flows for each year are compounded forward to their future values using the cost of capital of 6.13% per annum. The formula used for FV calculation is [tex]$FV = \frac{CF}{(1+r)^n}$[/tex], where CF is cash flow, r is the discount rate, and n is the year. The total FV of the cash flow is the sum of the FVs for each year.

The payback period is the time required for the project to recover its initial investment. The formula used for payback period calculation is Payback period = Initial investment ÷ Annual cash inflow.

The discounted payback period is similar to the payback period, but it takes into account the time value of money by using discounted cash flows instead of nominal cash flows.

The NPV is the difference between the present value of the cash inflows and the present value of the cash outflows. A positive NPV indicates that the project is profitable and should be accepted.

The Profitability Index (PI) is the ratio of the present value of the cash inflows to the initial investment. A PI greater than 1 indicates that the project is profitable and should be accepted.

The IRR is the discount rate at which the present value of the cash inflows equals the present value of the cash outflows. It represents the rate of return that the project is expected to generate.

The MIRR is a modified version of the IRR that assumes that the cash inflows are reinvested at the cost of capital. It provides a more accurate picture of the project's profitability than the IRR, especially in situations where the cash flows are uneven.

To learn more about Capital Budgeting

https://brainly.com/question/30029980

#SPJ4

The program that is funded entirely by the employer in the form of payroll taxes is: "workers' compensation" (option b).

Workers' compensation is a form of insurance that covers medical expenses and missed income for workers who are injured or become ill as a result of their job. It is funded entirely by employers in the form of payroll taxes, and its benefits vary by state. The benefits of workers' compensation can include the following:

Workers' compensation benefits are generally only available to workers who are injured on the job or who become ill as a result of their job. If you believe you may be eligible for workers' compensation, it is important to speak with your employer and/or a qualified attorney to learn more about the benefits and requirements in your state.

Correct answer is option b.

You can learn more about payroll taxes at

https://brainly.com/question/1445562

#SPJ11

Company informing a long-term vendor that its services are failing to meet quality standards - Direct strategy. Condominium manager sending the sixth reminder to a resident to pay her dues - Indirect strategy. Hospital informing its staff that it is closing - Direct strategy. Web security firm alerting a client about a security breach - Direct strategy. Airline downgrading a passenger's booking from first class at short notice - Indirect strategy.

Dairy company notifying customers about a 1 percent price increase - Indirect strategy.
1. A company wants to inform a long-term vendor that its services are failing to meet quality standards.
  - Strategy: Indirect strategy (since it's a long-term relationship, using a more gentle approach would be better)

2. A condominium manager is sending the sixth reminder to a resident to pay her dues.
  - Strategy: Direct strategy (the message has been delivered multiple times, and it's time to be straightforward)

3. A hospital must inform its staff that it is closing.
  - Strategy: Indirect strategy (breaking such serious news gently would be more appropriate)

4. A web security firm has to alert a client about a security breach.
  - Strategy: Direct strategy (it's crucial to convey the urgency of the situation)

5. An airline has to downgrade a passenger's booking from first class at short notice.
  - Strategy: Indirect strategy (it's a negative change for the customer, so a gentler approach would be better)

6. A dairy company must notify customers about a 1 percent price increase.
  - Strategy: Direct strategy (the increase is small, so being direct and concise should suffice)

Learn more about direct and indirect strategy here: https://brainly.com/question/16734218

#SPJ11

The elasticity of demand provides a more comprehensive and useful measure of the responsiveness of consumers to changes in price than does the slope of the demand curve.

A demand curve with a constant slope does not have a constant elasticity because the slope and elasticity measure different aspects of the relationship between price and quantity demanded. The slope of a demand curve measures the absolute change in quantity demanded resulting from a unit change in price, while elasticity measures the percentage change in quantity demanded resulting from a unit change in price.

Since elasticity is based on percentage change, it is affected by the initial level of demand, as well as by the responsiveness of consumers to changes in price. For example, a product with a very high initial demand may experience a relatively small percentage change in demand in response to a price increase, resulting in a low elasticity. Conversely, a product with a low initial demand may experience a large percentage change in demand in response to a price increase, resulting in a high elasticity.

In contrast, the slope of a demand curve is based on absolute change and is not affected by the initial level of demand or by consumer responsiveness. Therefore, it is less sensitive to changes in these variables and is less useful for predicting changes in demand resulting from changes in price.

To know more about the demand curve refer to

https://brainly.com/question/16790743

#SPJ11

The percentage of time the two employees at the coffee shop are busy during the busiest time of the day can be calculated is 0.411, which is closest to 0.678. Therefore, the answer is 0.458 or 45.8% of the time the team is busy. So, the correct option is E).

To calculate the percentage of time the single team of workers is busy, we can use the following formula

Percentage of time busy = (Total processing time for customers) / (Total available time)

To calculate the total processing time for customers, we need to know how long it takes to process one customer. We are told that, on average, it takes 1 minute and 15 seconds to process a customer. We can convert this to decimal form by dividing by 60

1 minute 15 seconds = 1 + 15/60 = 1.25 minutes

Next, we need to calculate how many customers can be processed in one hour during the busiest time of the day, which is from 7:30am to 9:30am. We are told that 39.5 customers come in per hour during this time, so we can use this number in our calculation.

Total processing time for customers = (Number of customers per hour) x (Time to process one customer)

Total processing time for customers = 39.5 x 1.25 = 49.375 minutes

Finally, we need to calculate the total available time during the busiest time of the day. This is simply the difference between the start and end times:

Total available time = 2 hours = 120 minutes

Now we can plug in our values and calculate the percentage of time the single team of workers is busy

Percentage of time busy = (Total processing time for customers) / (Total available time) x 100%

Percentage of time busy = (49.375 minutes) / (120 minutes) x 100%

Percentage of time busy = 0.411 x 100%

Percentage of time busy = 41.1%

Therefore, the closest answer to the percentage of time the single team of workers is busy is 0.458 (or 45.8%). So, the correct answer is E).

To know more about processing time:

https://brainly.com/question/15356513

#SPJ4

--The given question is incomplete, the complete question is given

"  The local cotlee shop has 2 employees, one takes the orders and then takes payment, and the other worker makes the cotfee drinks. While some folks ask for a simple cup of cotlee that just needs to be poured, others ask for more elaborate colfee drinks, and others order multiple drinks. On average, though, it takes a total of 1 min and 15 soconds to process a customer, take tho order, make the payment, and make the drink(s). During the buslest time of the day, 7:30am to 9:30am, about 39.5 customers come in per hour: Since the two workers only service one customer at a time, they are in fact working like a single worker. What percentage of the time is this single team of workers busy? (Choose the closest answer) 0.823, 0.189, 0.369, 0.114, 0.458"--

Understanding that Midwesterners wanted clean, convenient food when they were away from home was the information Ingram used to find White Castle restaurants was that Midwesterners wanted clean, convenient food when they were away from home.

Taking a food product that was previously thought of as being of low quality and unsanitary. Ingram innovated by making it into a clean and safe product that appealed to a wider audience.

Ingram was successful in persuading customers that hamburgers could be a tasty and healthy meal by grinding fresh beef in front of them while using clean cooking techniques. This strategy made White Castle distinct from other fast food restaurants and created the model for the current fast food sector.

Ingram's success can be attributed to his comprehension of customer needs as well as his capacity for innovation and market adaptation. His emphasis on convenience, quality and cleanliness enabled him to build a prosperous company that is still going strong today.

Learn more about Ingram at:

brainly.com/question/31801184

#SPJ4

Using the declining balance method at a rate of 10 percent, the asset will be depreciated by  $22,680

Therefore, the answer is A. $22,680.

Using the declining balance method at a rate of 10 percent, the asset will be depreciated by:

The declining balance method is a method of calculating depreciation where the depreciation expense is a fixed percentage of the remaining balance of the asset's book value each year. In other words, the annual depreciation expense decreases over time as the asset ages and the book value decreases.

Year 1: 28,000 x 10% = 2,800

Year 2: (28,000 - 2,800) x 10% = 2,520

The book value of the asset at the end of Year 2 (December 31, 2013) will be:

28,000 - 2,800 - 2,520 = $22,680

Therefore, the answer is A. $22,680.

To learn more about balance method. here

https://brainly.com/question/30393686

#SPJ4

The ratio ranges used by lenders to qualify for mortgage loans are typically 25% to 28% for housing debt-to-income ratio and 33% to 36% for total debt-to-income ratio. T

his means that a borrower's housing expenses (mortgage, property taxes, and insurance) should not exceed 25% to 28% of their gross monthly income, and their total debt obligations (including housing expenses, credit card debt, car payments, and other loans) should not exceed 33% to 36% of their gross monthly income.

These ratios help lenders determine the borrower's ability to repay the mortgage loan and ensure that the borrower doesn't take on too much debt relative to their income.

To learn more about qualify for mortgage loans here:

https://brainly.com/question/29538161

#SPJ11

The income statement shows that ACES INC. had a net income of $118,100 for the year, after considering all the variable and fixed costs associated with producing and selling tennis rackets.

To prepare an income statement under absorption costing, we need to consider both variable and fixed costs that are associated with the production and sale of tennis rackets.

Sales: 4,300 x $84 = $360,600

Variable production costs: 4,300 x $24.40 = $104,920

Fixed overhead costs: $66,960

Cost of goods sold: $104,920 + $66,960 = $171,880

Gross margin: $360,600 - $171,880 = $188,720

Variable selling and administrative expenses: 4,300 x $1.40 = $6,020

Fixed selling and administrative costs: $64,600

Selling general and administrative expenses: $6,020 + $64,600 = $70,620

Net income: $188,720 - $70,620 = $118,100

Therefore, the income statement under absorption costing for ACES INC. would look like:

ACES INC.

Absorption Costing Income Statement

Sales $374,000

Less: Variable costs

Variable production costs $104,920

Fixed overhead costs $66,960

Cost of goods sold $171,880

Gross margin $188,720

Selling general and administrative expenses $70,620

Fixed selling and administrative costs $64,600

Variable selling and administrative expenses $6,020

Net income $118,100

This income statement shows that ACES INC. had a net income of $118,100 for the year, after considering all the variable and fixed costs associated with producing and selling tennis rackets.

To know more about  income statement refer here:

https://brainly.com/question/16413127#

#SPJ11

Project stakeholders are individuals or groups who have a vested interest in the project and can influence or be influenced by its outcome. Effective communication is crucial to the success of any project, and a communication plan should be developed to identify the stakeholders and the channels of communication.

Here are three different project stakeholders and the channels that would be most effective in communicating with them.

In summary, the most effective communication approach for different stakeholders will vary based on their needs and level of involvement in the project. Understanding the stakeholders and the most effective channels to communicate with them is essential to creating a successful communication plan.

Learn more about stakeholders:

https://brainly.com/question/28284512

#SPJ11

Margarita's QBI deduction for 2020 is $20,000. Margarita's QBI deduction for 2020 is subject to limitations based on her taxable income, The amount of qualified business income, and the W-2 wages

In this case, Margarita's taxable income before the QBI deduction is $160,000, which is below the threshold for the QBI deduction phase-out ($163,300 for single filers in 2020). Her sole proprietorship is not a specified service business, so she is eligible for the full QBI deduction.

The QBI deduction is generally limited to the lesser of 20% of the qualified business income or the taxable income (minus any capital gains). However, the deduction may also be limited based on the W-2 wages and unadjusted basis of qualified property of the business.

Since Margarita's business has no qualified property, we only need to calculate the QBI deduction based on the first limitation.

20% of Margarita's qualified business income of $100,000 is $20,000.

learn more about QBI deduction here:

https://brainly.com/question/30351959

#SPJ11

The cost of scorekeeping equipment should be recorded as Invoice cost is $170,000, Electrical work is $17,500, Delivery is $3,500 and Sales tax $12,225. Cost of repairing equipment should be expensed as incurred

The cost of the scorekeeping equipment should include the invoice cost of $170,000, as well as any additional costs that are directly related to getting the equipment up and running.

In this case, the electrical work required for installation, the delivery costs, and the sales tax should all be included in the cost of the equipment. This is because these costs are necessary for the equipment to function properly and provide value to the business.

The cost of repairing the equipment, on the other hand, should be expensed as incurred. This is because the repair cost was not incurred to get the equipment up and running, but rather to fix damage that occurred during installation.

Since the repair cost does not add to the future value of the equipment, it should be expensed immediately rather than included in the cost of the equipment.

Therefore, the cost of the scorekeeping equipment should be recorded as follows:

Invoice cost: $170,000

Electrical work: $17,500

Delivery: $3,500

Sales tax: $12,225

The cost of repairing the equipment should be expensed as incurred and recorded separately from the cost of the equipment.

To learn more about costs click on,

https://brainly.com/question/31285984

#SPJ4

The appropriate reorder point is 419.91 units and the units should be carried as safety stock is 233.74 units.

Explanation: A 99% service level is required by the management. Hence the Z value that corresponds to this level of service is to be determined. Therefore, the Z value is given as 2.33.a) The value of Z that is to be applied is 2.33.b) The number of units that should be carried as safety stock can be calculated as follows: Safety Stock = Z × Standard Deviation Safety Stock = 2.33 × 80Safety Stock = 186.4 units.

Therefore, the number of units to be carried as safety stock is 186.4 units) The reorder point that is appropriate for this situation can be calculated as follows: Reorder Point = Lead Time Demand + Safety Stock Reorder Point = 350 + 186.4Reorder Point = 536.4 units Therefore, the appropriate reorder point is 536.4 units.

The following formulae have been used to calculate the values: Safety Stock = Z × Standard Deviation Reorder Point = Lead Time Demand + Safety Stock

Read more about Deviation Safety here:https://brainly.com/question/475676

#SPJ11

The firm needs to save approximately $15,633.60 per quarter to achieve its goal of $750,000 in four years.

To determine how much Samuelson Engines needs to save each quarter, we can use the formula for the future value of an ordinary annuity:

Future Value = Payment × [(1 + interest rate)^(number of periods) - 1] / interest rate

Given:

Future Value = $750,000

Interest rate = 4.75% per quarter

Number of periods = 4 years × 4 quarters per year = 16 quarters

Let's plug in these values and solve for the payment:

$750,000 = Payment × [[tex](1 + 0.0475)^{(16)}[/tex] - 1] / 0.0475

Now we can calculate the payment:

Payment = ($750,000 × 0.0475) / [ [[tex](1 + 0.0475)^{(16)}[/tex] - 1]

Using a financial calculator or spreadsheet software, the calculated payment per quarter is approximately $15,633.60.

Therefore, Samuelson Engines needs to save approximately $15,633.60 each quarter to achieve its goal of saving $750,000 in four years.

To know more about quarter refer here:

https://brainly.com/question/30697380#

#SPJ11

Oxicon Incorporated needs to generate $350,000 in sales to cover all fixed and variable costs and break even for the next quarter. Any sales above this level will result in a profit for the company.

To calculate the breakeven point in sales dollars, we need to determine the contribution margin per unit and use that to calculate the number of units required to cover the fixed costs. The contribution margin is the difference between the sales price and the variable cost per unit.

Given that the total variable costs are $320,000 and the total sales are $400,000, the contribution margin ratio can be calculated as follows:

Contribution Margin Ratio = (Total Sales - Total Variable Costs) / Total Sales

[tex]\frac{(\$400,000 - \$320,000)}{\$400,000}[/tex]

[tex]0.20[/tex]

This means that for every dollar of sales, 20 cents are available to cover fixed costs and generate a profit.

To calculate the breakeven point in sales dollars, we can use the following formula:

Breakeven Sales = Fixed Costs / Contribution Margin Ratio

[tex]\frac{\$70,000}{0.20}[/tex]

= $350,000

Therefore, Oxicon Incorporated needs to generate $350,000 in sales to cover all fixed and variable costs and break even for the next quarter. Any sales above this level will result in a profit for the company.

To know more about break even refer here:

https://brainly.com/question/29063970#

#SPJ11

In this present circumstance, the establishment will have major areas of strength for creating income at first, yet the potential proprietors don't know how long interest for this item will go on with the discounted payback method.

The option (D) is correct.

The organization is relying upon its prior incomes for recuperating its speculation. So limited restitution is a decent technique to think about the underlying incomes absent a lot of contemplation for the capricious ones later in the task.

The limited recompense estimation takes into account the time worth of cash by limiting each income before the aggregate income is determined and decides the time at which the net present worth becomes positive.

Learn more about payback method:

https://brainly.com/question/31729142

#SPJ4

This question is not complete, Here I am attaching the complete question:

Adam and eve are thinking of leaving their high pressure jobs in finance and buying a frozen yogurt franchise. the franchise will generate strong positive cash flow initially, but the potential owners are not sure how long demand for this product will continue into the future. a useful technique for making this decision would be the

(A) internal rate of return.

(B) the modified internal rate of return. t

(C) the profitability index.

(D) the discounted payback method.

Yes, this is a valid contract of sale. .

The given problem states that A agrees to deliver his old CTV for Rs. 30,000 to B, an electronic dealer, in exchange for a new CTV and agrees to pay the difference in cash. It is asked whether this is a valid contract of sale or not.

The given problem presents a valid contract of sale. In this case, the old CTV is the subject matter of the contract while the new CTV is the price of the contract.

The agreement reached between A and B is perfectly valid and fulfills all the requirements of a valid contract of sale.As a result, the answer to the given problem is that it is indeed a valid contract of sale.

Learn more about valid contract at

https://brainly.com/question/6491012

#SPJ11

1) A constitutional monarchy is a form of government in which a monarch acts as the head of state within the parameters of a written or unwritten constitution, which limits their powers and outlines the roles of other branches of government.

2) Communication is the process of exchanging information, ideas, and emotions between individuals or groups, using various methods such as speech, writing, or visual cues.
3) Skill types for workers can be categorized as hard skills, which are technical or specific abilities (e.g., computer programming), and soft skills, which are interpersonal or social skills (e.g., teamwork, communication).
4) Job interview tips include researching the company beforehand, dressing professionally, arriving on time, practicing common interview questions, showcasing your skills and experience, and sending a thank you note after the interview.
5) HR types can refer to different roles within the human resources department, such as recruitment, training and development, employee relations, and compensation and benefits.
6) Harassment in the workplace is any unwelcome conduct based on factors such as race, sex, age, or disability that creates an intimidating, hostile, or offensive work environment or interferes with an individual's job performance.

Read more about communication here:https://brainly.com/question/28153246

#SPJ11

The "accounts receivable" is used to record a sales transaction when the product or service is provided to the customer and the customer promises to pay later.

This method is utilized when businesses extend credit to their customers, allowing them to purchase goods or services without making an immediate payment. Accounts receivable are recorded as current assets on the balance sheet, reflecting the amount that is expected to be collected from customers.

Proper management of accounts receivable is essential for maintaining a healthy cash flow and ensuring the financial stability of a business.

Know more about "accounts receivable".

https://brainly.com/question/30503353

#SPJ11

The resource-based view argues that foreign firms need to understand regulatory risks, employ overwhelming resources and capabilities to offset the liability of foreignness and be aware of trade and investment barriers. So the option A, B, D is correct.

The resource-based view of international business states that firms need to be aware of the resources and capabilities that are available to them in order to compete effectively in the global marketplace. In order to do so, firms need to possess the necessary resources and capabilities to be able to effectively navigate their international business environment.

This means understanding the regulatory risks associated with the country or region in which they are operating, as well as employing resources and capabilities to offset the liability of foreignness.

This could involve developing an understanding of different trade and investment barriers, such as tariffs, quotas, and other restrictions, that may be in place in the foreign country. So the option A, B, D is correct.

To learn more about resources and capabilities link is here

brainly.com/question/29916481

#SPJ4

The complete question is:

The resource-based view argues that foreign firms need to:

Group of answer choices

A. understand regulatory risks.

B. employ overwhelming resources and capabilities to offset the liability of foreignness.

C. understand the rules governing investing.

D. be aware of trade and investment barriers.