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arsen [322]
3 years ago
10

Do some research on the country of Ethiopia and discuss:

Business
1 answer:
Ad libitum [116K]3 years ago
8 0

Answer:

Response to Ethiopia questions.

Explanation:

1. Who in the Ethiopian society has the most difficult time dealing with scarcity?

The poor and uneducated ones have the most difficult time dealing with scarcity

2. What do they need most?

They need access to the basic amenities of life (good roads, steady power supply, low cost housing scheme and food).

3. How can their society provide for their wants and needs?

By paying attention to the above mentioned basic amenities of life and by setting up schemes that would mitigate for these deficiencies, the society will be providing for their wants and needs..  

4. Why are they so impoverished?

Impoverishment is a relative word, but in this context, it is associated with poor leadership and management.  

5. What can their governments do to help, or hinder their country's development?

As earlier mentioned, the government needs to guarantee the provision of basic amenities of life and to develop empowerment structure that would engage them the more.  

6. Could Ethiopia become a world-class producer and exporter of goods?

Certainly, with good leadership and an enable environment, Ethiopia could become a world-class producer and exporter of goods.  

7. How would Ethiopia compare with Japan?

Ethiopia is richly endowed with natural resources that could generate income, unlike Japan that has none.  

8. Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?

The difference is in the system of government and the provision o an enabled working environment that encourages self-discovery and industrialization.  

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The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.

<h3>What is negative amortization?</h3>

A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.

Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.

Hence, the significance of negative amortization is aforementioned.

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6 0
1 year ago
Use the following information to answer the next two questions. Downey Company bought a delivery truck for $62,000 on January 1,
natita [175]

Answer and Explanation:

The computation of the depreciation expense and book value at the end of 2016 is shown below:

But before that first determine the cost of the asset which is

Cost of the asset is

= Purchase price + rear hydraulic  lift + sales tax

= $62,000 + $8,000 + $3,000

= $73,000

Now the depreciation expense is

= ($73,000 - $8,000) ÷ (10 years)

= $6,500

ANd, the book value is

= $73,000 - $6,500 × 2

= $60,000

7 0
3 years ago
Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income
Tanya [424]

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000  + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

3 0
3 years ago
Which best describes the business, management, and administration career cluster?
Arte-miy333 [17]

Answer:

are careers that are focused on running businesses.

Explanation:

The Business, Management, and Administration career cluster includes business skills essential to efficient, productive operations for any company (Administrative and information support, Business analysis, Business, financial management and accounting, Human resources, Management..) The Business, Management, and Administration career cluster is best described with the following: These are careers that are focused on running businesses.

Correct answer: A

4 0
1 year ago
Assume Jennifer has owned an EE bond for 4 years. The fixed rate of interest is 10% and the current value of the bond is $4000.
lakkis [162]

Answer:

400

Explanation:

Given:

Face Value of the bond = $4000

The fixed rate of interest is r = 10%

If f Jennifer were not to cash in the bond tomorrow, it means she have the value of $4000  after 4 years. But tomorrow she were to cash, so the interest she lose is:

I = FV*r = 4000*10% = 400

3 0
2 years ago
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