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A potential control for managing risk of employee fraud is to send employees on mandatory vacations. Describe the relation of that control with the payroll function. Why will it be a good idea to require the payroll clerk, who writes checks, to go on a vacation? Provide examples from real life and discuss and share your experiences if any.
Write down an equations for total revenue and marginal revenue.
You have been Employed through a private consortium of South African orange growers to predict the impact on the price and output of oranges under the following situation.
Why is the money multiplier in the United States smaller than the inverse of the required reserve ratio? Provide one (1) reason. Explain why depositing cash into a checking account does not change the money supply. Provide at least one (1) supporting..
Illustrate what would you expect to see happen to the cost of a checking account if banks could not make loans. What would happen to the amount of investment made by businesses.
Black Diamond Tennis & Golf Club offers golf and tennis memberships to residents of Black Diamond, Ohio, in which there are 2-types of families:
Green sister has a dso of twenty days. The firm average daily sales are $20,000. What is the level of its accounts receivable? Suppose there are 365 days in a year.
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
What elasticity of demand did the Village Administrator seem to assume here in his prediction for 1970- 1971? Compute the approximate elasticity of demand (round off, two decimal places is close enough).
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
Explain how does inflation affect an company's decision-making process.
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
Illustrate what kinds of changes in underlying conditions can cause the supply and demand curves to shift
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