If a country is going through financial difficulty, there are several steps they can take including:
- Reducing spending
- Delaying interest payments
- Using cash reserves
If a country sees that its taxes will not be enough to cover its obligations, it can reduce the amount it spends on goods and services so as to reduce its obligations.
Country can also increase the time taken to pay off debts so that they can divert cash to needed areas whilst waiting for things to be better.
Country can use cash reserves that it accumulated in one form or the other to weather the storm of reduced taxes.
In conclusion, the government can deal with tax shortage in several ways.
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Answer
Professional ethics and code of conduct regulation
Explanation:
California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.
11.55% is the weighted average cost of capital for these funds
Explanation:
Firm has 76000000 in debt and 100000000 in equity. Thus the proportion of debt =
= 76000000/(76000000 + 100000000)
= 43.18%
and proportion of equity = 1 - 43.18% = 56.82%
Therefore, WACC = 0.4318 * 6.1 + 0.5682 * 15.7
= 11.55%
Answer:
A) 14.72 hours
B) An additional worker should be hired since the lost work time is 14.72 hours
Explanation:
Number of machines on manufacturing line = 8
percentage of machine been down = 23%
number of workers capable of running and repairing machines = 2
machine productivity ( per machine ) = 18 units/hour
overhead cost / machine = $713
hourly rate paid per worker = $15
Total number of work hours = 8 hour
A) calculate Total amount of lost worktime
= number of machines * Total number of work hours * 23%
= 8 * 8 * 23% = 14.72 hours
B) An additional worker should be hired since the lost work time is 14.72 hours
Answer:
true
Explanation:
The whole Volkswagen scandal was a huge and elaborate corporate scam. They first tried to blame engineers in their North American division, but then it was known that they cheated in Germany and other European countries, as well as in factories in Argentina and Brazil. The only place that they were not investigated was in China, and that is very suspicious because half of their cars are produced and sold in China. It was a huge cover up operation that was aimed at protecting top executives in Germany.
The first car I bought with my salary was a Jetta (it was much cheaper than a Civic). So I read a lot about the scandal and its effects were not that large in North and South America, but in Europe the allegedly clean diesel engines drove their competition out of the market. French car manufacturers Citroen and Peugeot competed against Volkswagen with diesel cars and after not being able to compete against the wonderful new engines, they went bankrupt. In Europe gas is very expensive, so cars are very small and fuel efficient. The strange coincidence is that a Chinese company bought Citroen and Peugeot, which made them the real winners of the whole situation.
