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Economics, Accounting & Business: Post your doubts here!

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Vinita Manek

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Mohammad Taymur said:
ny one plz help me in ques 20 25 and 29
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20 is B
25 is C
29 is A

20-after d bonus shares the numb of shares in d company are 200000@ $1 each.....rights issue makes an issue of 50000 shares at d price of $1.20....therefore 50000*1.2 is 60000....net currrent assets increase by 60000 (bank)wich u gt to add to 375000.....u l gt 435000....

25- stores control debit coz dey r recievin d unused stock and WIP credit cuz it is going out.....

29- ur labour hours incrcease by 25% so ur labour nw becomes 12.5 hours @10....and ur overheads become 12.5 hours @$10.....so u total cost increases to 1055...ur job price cannot change therefore ur profit decreases to $205
 
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Mohammad Taymur

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Q.1 (a) Discuss whether it is the behavior of producers, consumers or governments that is most likely to cause inflation. [8-12]
(b) Discuss the methods and problems involved in constructing an accurate measure of the rate of inflation. [8-12]
c) Discuss whether inflation is necessarily harmful? [12]
Q. 2(a) Explain the differences in the features of a market economy and a
planned economy. [8]
(b) Explain the link between the basic economic problem of scarcity and opportunity cost. [8]
(c) Discuss whether increased division of labour among workers and nations brings only benefits. [12]
Q.3 (a) Explain, with examples, the significance of the value of a good’s cross-elasticity of demand in relation to its substitutes and complements. [8]
(b) Discuss whether a firm’s revenue would increase, in response to price and income changes, if the price elasticity and income elasticity of demand for its product became highly elastic. [12]
(c) Explain the meaning of the ‘equilibrium price’ of a good and how it is set in a free market. [8]
(d) Explain what influences the price elasticity of supply of a product? [8]
Q.4 (a) explain with the aid of a diagram, how consumer surplus will be affected by the introduction of an indirect tax. [8]
(b) Discuss the advantages and disadvantages of using indirect taxes to deal with the negative externalities associated with some products. [12]
(c) Explain the meaning of ‘public good’ and ‘private good’. [8]
Q.5(a) Explain how a country’s balance of payments is organized to account for all its international transactions. [8]
(b) Explain how the determination of a floating exchange rate differs from that of a fixed exchange rate. [8]
(c) Discuss the circumstances in which reducing the exchange rate and introducing quotas are effective policies to tackle a trade deficit. [12]
 
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Vinita Manek

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woooaaahhhh!!! do u have d answers to des written??? as in d answer u would actually ryt during exams...nt just points...if yes pls mail it to me.....it l b of gr8 help..:)
 
C

cheesww

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GUYS!
i've posted this beforee yet no one seems to have answered my question

when a company revalues its buildings upwards
wat r the effects on gearing nd return on capital ?

also wat r 3 possible reasons for the reduction n Gross Profit margin of a retailer ?
thanks !!
 
shanky631

shanky631

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Vinita Manek said:
shanky631 ans to the first mcq should be $200 debit... and the second one should be $12.....lemme knw if they r ryt.....
first one....draw a suspense account the u will find disc allowed on the credit side $700 and machinery on the debit side $500....bal cd is $200 on the debit side.
second one....we dnt knw the budgeted hours...we knw the actual hours and actual xpenditure....and the over-absorbed to the actual expenditure figure and divide it by actual direct hours...u l gt $12.....i hpe its ryt....pls lemme knw :)
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hey, ur answers are right. Thanks
 
parthrocks

parthrocks

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hello everyone....a very small doubt...i know its silly.....does quantity traded mean quantity demanded and quantity supplied???...in economics.....9709 as lvel......
 
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Mohammad Taymur

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parthrocks said:
hello everyone....a very small doubt...i know its silly.....does quantity traded mean quantity demanded and quantity supplied???...in economics.....9709 as lvel......
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Quantity traded is the quantity of goods sold. It's the quantity of goods paid for by the consumer and it ownership has been transferred to the consumer.

Quantity supplied, on the other hand, is the quantity of goods a producer is WILLING and able to offer for sale. Note that here, the goods have just been produced but are not sold yet. Therefore, the producer still retain the ownership of such goods until they are traded.
 
parthrocks

parthrocks

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Mohammad Taymur said:
Quantity traded is the quantity of goods sold. It's the quantity of goods paid for by the consumer and it ownership has been transferred to the consumer.

Quantity supplied, on the other hand, is the quantity of goods a producer is WILLING and able to offer for sale. Note that here, the goods have just been produced but are not sold yet. Therefore, the producer still retain the ownership of such goods until they are traded.
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Ohhhh!!!!!!!!!so its the same as quantity demanded...right???and one more doubts.....what would be the effect of an indirect tax on negative externality goods such as air pollution by cigarettes smokers,,etc............can u send me a link of the diagram....plzzzz.....nt getting it...
 
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Vinita Manek

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indirect tax eill riase d price of d good wid negative xternality n provided d demand is not perfectly inelastic d quantity traded will reach its optimum level n resources will be allocated efficiently now.....negative externality wil be internalisd within d economy....
 
parthrocks

parthrocks

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Vinita Manek said:
indirect tax eill riase d price of d good wid negative xternality n provided d demand is not perfectly inelastic d quantity traded will reach its optimum level n resources will be allocated efficiently now.....negative externality wil be internalisd within d economy....
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a diagram plzzzz..///what would it exactly look like...
 
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Mohammad Taymur

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Mohammad Taymur

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parthrocks said:
what is tradeable permits in eco........any other termmm....similar like this.....
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Tradable permits are a cost-efficient, market-driven approach to reducing greenhouse gas emissions. A government must start by deciding how many tons of a particular gas may be emitted each year. It then divides this quantity up into a number of tradable emissions entitlements - measured, perhaps, in CO2-equivalent tons - and allocates them to individual firms. This gives each firm a quota of greenhouse gases that it can emit over a specified interval of time. Then the market takes over. Those polluters that can reduce their emissions relatively cheaply may find it profitable to do so and to sell their emissions permits to other firms. Those that find it expensive to cut emissions may find it attractive to buy extra permits. Trading would continue until all profitable trading opportunities had been exhausted.
 
shanky631

shanky631

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what are the implications from changing from job to batch production on workforce training?? What are the points. it is worth 8 marks
 
parthrocks

parthrocks

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Mohammad Taymur said:
Tradable permits are a cost-efficient, market-driven approach to reducing greenhouse gas emissions. A government must start by deciding how many tons of a particular gas may be emitted each year. It then divides this quantity up into a number of tradable emissions entitlements - measured, perhaps, in CO2-equivalent tons - and allocates them to individual firms. This gives each firm a quota of greenhouse gases that it can emit over a specified interval of time. Then the market takes over. Those polluters that can reduce their emissions relatively cheaply may find it profitable to do so and to sell their emissions permits to other firms. Those that find it expensive to cut emissions may find it attractive to buy extra permits. Trading would continue until all profitable trading opportunities had been exhausted.
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hey brooo....i really thank u.....u r genius mannn....and once again appreciate ur work...:)
 
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