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Based on what you have studied so far in this course, discuss and describe some aspects of maccroeconomics that an be useful in your future (...yes, it can be aything we discussed in this course - Macroeconomics). Your discussion should be more than half a page to a page in length. Solution Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indexes to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by governments to assist in the development and evaluation of economic policy. Macroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research. Macroeconomic theories usually relate the phenomena of output, unemployment, and inflation. Outside of macroeconomic theory, these topics are also important to all economic agents including workers, consumers, and producers..

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Barbara had some money saved. She spent one-third of it on a birdhouse. She spent half the remainder at the science museum.(continued down) She bought a book about kayaking with half of what was left. When she got home, she still had $6. How much money did she have to start with? Solution lets say the total money she had is X 1st she spend 1/3 of the money then the remaining is 2/3 x then she spend 1/2 of the remaining which is 1/2 (2/3)x = 1/3x then the remaining which is 1/3x then she spend half of the 1/3 which is 1/2 (1/3) = 1/6 the remaining is (1/6)x = 6 then x = 36 dollars.

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Banks are financial intermediaries because they a. b. c. d. e. a.receive new Federal Reserve notes from the Fed and put them into circulation b.bring together the two sides of the market-savers and borrowers c.bring different savers into contact with each other d.bring about the merger of smaller banks to make larger ones e.resolve disputes between stock brokers, mortgage companies, insurance agencies, and other financial institutions Solution option B is correct. because, bank is a finacial intermediary which collects funds from the people who are having excess and lend them to the people who are in need of them. the definition of a bank is : it is a profit seeking firm which deals with money and credit. the main function of a bank is accept deposits and lend loans to the needed people. so, option B is correct..

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Back account opened in 1912 with a $2000 deposit at the beginning of the year, a further $500 is deposited at the beginning of each subsequent year, interest rate is 2.5 percent and it is paid at the end of each year, find the total amount at the end of year 1930 I got an answer of 14300 but I think I went wrong somewhere Solution it will be done by compound interest formulae amount =2000(1+0.025)^19+5000(1+0.025)^18+5000(1+0.025)^17+5000(1+0.025)^16.......+5000(1.025 ) amount=3197.3+5000(12.7426+10.0234) amount=3197.3+5000(22.94598)=117927.21.

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Bayside General Hospital is trying to streamline its operations. A problem-solving group consisting of a nurse, a technician, a doctor, an administrator, and a patient is examining outpatient procedures in an effort to speed up the process and make it more cost-effective. Listed here are the steps that a typical patient follows for diagnostic imaging: Solution Hi, The service blueprint is a technique used for service innovation, but has also found applications in diagnosing problems with operational efficiency and can be used to conceptualise structural change (i.e. repositioning). The technique was first described by Lynn Shostack, a bank executive, in the Harvard Business Review in 1982.The blueprint shows processes within the company, divided into different components which are separated by lines. The service blueprint defines:.

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Bayes Solution Bayes\' theorem deals with the role of new information in revising probability estimates. The theorem assumes that the probability of a hypothesis (the posterior probability) is a function of new evidence (the likelihood) and previous knowledge (prior probability). The theorem is named after Thomas Bayes (1702–1761), a nonconformist minister who had an interest in mathematics. The basis of the theorem is contained in as essay published in the Philosophical Transactions of the Royal Society of London in 1763. Bayes\' theorem is a logical consequence of the product rule of probability, which is the probability (P) of two events (A and B) happening— P(A,B)—is equal to the conditional probability of one event occurring given that the other has already occurred—P(A|B)—multiplied by the probability of the other event happening—P(B). The derivation of the theorem is as follows: P(A,B) = P(A|B)×P(B) = P(B|A)×P(A) Thus: P(A|B) = P(B|A)×P(A)/P(B). Bayes\' theorem has been frequently used in the areas of diagnostic testing and in the determination of genetic predisposition. For example, if one wants to know the probability that a person with a particular genetic profile (B) will develop a particular tumour type (A)—that is, P(A|B). Previous knowledge leads to the assumption that the probability that any individual will develop the specific tumour (P(A)) is 0.1 and the probability that an individual has the particular genetic profile (P(B)) is 0.2. New evidence establishes that the probability that an individual with the tumor—P(B|A)—has the genetic profile of interest is 0.5. Thus: P(A|B) = 0.1×0.5/0.2 = 0.25 The adoption of Bayes\' theorem has led to the development of Bayesian methods for data analysis. Bayesian methods have been defined as \"the explicit use of external evidence in the design, monitoring, analysis, interpretation and reporting\" of studies (Spiegelhalter, 1999). The Bayesian approach to data analysis allows consideration of all possible sources of evidence in the determination of the posterior probability of an event. It is argued that this approach has more relevance to decision making than classical statistical inference, as it focuses on the transformation from initial knowledge to final opinion rather than on providing the \"correct\" inference. In addition to its practical use in probability analysis, Bayes\' theorem can be used as a normative model to assess how well people use empirical information to update the probability that a hypothesis is true. Oxford Dictionary of Philosophy: Theorem in probability theory. Thomas Bayes (1702-61) was an English clergyman, whose An Essay towards Solving a Problem in the Doctrine of Chances occurs in two memoirs presented by Price (Bayes having died), in Philosophical Transactions of 1763 and 1764. Bayes gave a result for the probability that the chance of an event on a single trial is within a certain interval, given the number of times the event has occurred and the number.

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Based on information Journal Entries below can someone provide me with the closing entries, the 2015 Balance Sheet and a 2015 Statement of Revenues, Expenditures, and Changes in Fund balance. Note: Outstanding encumbrances at year end are classified as Assigned Fund Balance and all remaining net resources are classified as Unassigned Fund Balance.Journal EntryReferenceAccount TitlesDebitsCreditsa)Estimated Revenues Control11,250,000Appropriations Control9,300,000Estimated Other Financing Uses Control - Tranfers Out1,700,000Budgetary Fund Balance250,0001)Encumbrances Control (Prior Year)17,000Budgetary Fund Balance - Reserve for Encumbrances17,0002)Deferred Inflows - Property Taxes21,000Revenues Control21,0003)Taxes Receivable - Current6,800,000Estimated Uncollectible Current Taxes136,000Revenues Control6,664,0004)Cash500,000Tax Anticipation Notes Payable500,0005)Budgetary Fund Balance - Reserve for Encumbrances17,000Encumbrances Control17,000Expenditures Control16,600Accounts Payable16,6006)Accounts Payable115,600Due to Other Funds27,000Cash142,6007)Cash10,811,500Interest and penalties receivable3,500Taxes Receivable – Current6,400,000Due from State210,000Revenues from licenses and permits800,000Sales Tax Receivable - current2,890,000Misc Revenues350,000Taxes Receivable –158,0008)Encumbrances3,465,000Fund Balance Reserved for Encumbrances3,465,0009)Expenditures5,070,000Federal Income Tax Withheld498,000FICA Contribution357,000Cash4,215,00010)Due to Federal Government385,000FICA Contribution (City\'s Part)357,000State unemployment taxes28,00011)Fund Balance Reserved for Encumbrances3,375,300Expenditures3,375,300Encumbrances3,375,300Accounts Payable3,375,30012)Tax Anticipation Notes Payable500,000Expenditure18,000Cash518,00013)Estimated Fund332,000Unreserved fund balance332,00014)Expenditures350,200Water and Sewer37,000Stores and Services Fund313,200Stores and Services Fund310,000Cash310,00015)Sales Tax Receivable52,000Revenue52,00016)Accounts Contract Payable3,015,000Cash3,015,000Federal Income Tax Withheld498,000FICA Contribution357,000FICA Contribution (City\'s Part)357,000State unemployment taxes28,000Cash1,240,00017)Estimated Revenue73,000Fund for Appropriations (Budgetary Fund)139,000Appropriations212,00018)Property Taxes Receivable- Delinquent51,000Interest and penalties receivable on taxes - Delinquent1,600Property Tax Receivable51,000Interest and penalties receivable on taxes1,60019)Interest and penalties receivable on taxes17,200Estimated Uncollectable Taxes1,100Revenue16,10020)Deferred Revenue (Estimated Revenue)27,500Tax Receivable Solution.

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