Got a tricky question? Receive an answer from students like you! Try us!

econ160 - Essay Example

Only on StudentShare
Undergraduate
Author : grohan
Essay
Finance & Accounting
Pages 5 (1255 words)

Summary

Name Professor Class Date I. Short autobiography My family belongs to typical upper middle class American. Both of my parents work and I can say that we live a relatively comfortable life. We own our house, our cars and goes to vacation once or twice a year…

Extract of sample
econ160

II. Born in Communist China: compare and contrast The equivalent of my life here in United States in China will be those of privilege elite who have connections to the power centers in China. My parents belongs to several generation of Guanxi where I am expected to inherit his position. a. Finding a place to live If I will be living in China, I better be sure with the place that I will live. It is because the Chinese government prohibits the reselling of houses as their policy response to avoid speculation in the housing industry. I will be stuck in the house that I will choose for a very long period of time so I better take my time before buying a house. Unlike in the US where the housing market is determined by market forces as enunciated by Friedman in the book Capitalism and Freedom where price and availability is determined by the law of supply and demand where I can resell my house anytime I want it subject to the same law (supply and demand), Chinese government will just not allow the resell and even pegged the price. China may now allows private ownership of houses only with restrictions. With my present economic stature, I believe I would be able to afford a house and not in a crampy apartment or shoebox as what Hedrick Smith had described in his book The Russians. Only that my house will not form part of my estate where I can resell for profit or I will go to jail. b. ...
Download paper

Related Essays

Taxation
50,760.34 Salary - Tax - NIC Tax brackets Income 10% (starting rate for savings only) 0 - ?2,560 20% for basic rate 0 - ?35,000 40% for higher rate ?35,001 - ?150,000 50% for additional rate Over ?150,000 (HM revenue and Customs 480 (2011) The liability of income tax payable from the above computation is ?25,718.3. A deduction of personal allowance of 7,475 is made in the year 2011/2012 (Great Britain: Parliament: House of Commons: Treasury Committee, 2011,103). This figure was increased by ?1000 (Budget, 2011, pp.1).The National insurance Contributions (NICs) are calculated under the annual…
8 pages (2008 words)
GE and the Honeywell. Argument For And Against The Commission Decision.
According to Pfanz (2001), the categories of bundling might have included pure and mixed. Indeed, as the paper progresses it would be simpler to deduce the category. The Commission suggested that the bundling technique would have many pleasant effects on the merged GE and Honeywell’s competitors in the markets for aerospace equipment and jet engines. This is because the rivals’ market shares would be eroded by their incapability to compete with the joined entity package deals, which in turn would lower the profitability of their rivals leading to their exit (Schlossberg & American Bar…
12 pages (3012 words)
Issue in contemporary auditing
Governance Reporting Reporting is a vital way of sharing financial information. Therefore, it will be our responsibility to report to you on whether the financial accounts have been arranged according to the accounting strategies as stated by you. Furthermore, we would report according to auditing process undertaken by us, on whether anything has emerged to our consideration for specifying that the revenue figure described in financial reports has not been appropriately extracted from book of records, or book of records do not record and clarify the transactions, with respect to the…
12 pages (3012 words)
Matt Holmes & Cool Company
Assets would be written down if the company continues to use those assets. Lack of recoverability of the net carrying amount must be recognized as asset impairment and it occurs under certain circumstances such as changes in regulation and business climate, technology changes, usage rate decline, and forecasts of a notable decline it the asset’s long term profitability. It appears that the Cool Company must perform an impairment test as the firm experiences changes in business climate. However, it must be noted that every change in business climate would not indicate asset impairment. ‘A…
4 pages (1004 words)
marrimark case(FIFO_LIFO)
The ever strengthening value of the Chinese currency which is denominated in Yuan or Renminbi against the US Dollar became another adverse factor for the company as this compounded and further elevated the increase in costs incurred by Merrimack. The flexibility in the exchange rate by Chinese authorities against US Dollar decreased from a CNY: USD ratio of 8.3:1 until mid-2005 to below 7.0:1 by early 2008. Oil prices increase further deteriorated the situation for Merrimack as this elevated shipping costs of transporting finished mowers to the United States by almost 200% with the cost of…
4 pages (1004 words)
Essay on Management Accounting
Management accounting has a design and intention, used by the management in the organization. Confidentiality plays an enormous role in management accounting as opposed to financial accounting. The information in management accounting has a computational dimension tailored for the managers; it uses management information systems, as opposed to financial accounting standards. Various concepts of management accounting exist for usage by managers and management teams within organizations and companies (Caplan, p. 156). This information plays a crucial role in decision making processes within the…
3 pages (753 words)
Critically examine and discuss the impact of lobbying on standard setting in accounting. Illustrate your discussion / your analy
These standards setting have a very significant role in the determination of the profitability of the different businesses that follow these accounting standards. The meaning of political influence has been interpreted in different places in various forms. However the most appropriate definition of influence is the intervention in the entire process of standard setting with a definite purpose. This kind of intervention is generally carried out by an economic agent (Zeff, 2002, pp. 43-54). The goal of the person is to make the make affect the outcome of the accounting process which would not be…
8 pages (2008 words)