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17Discuss three forms of financial market efficiency. Why is it important that financial markets be efficient? 1.19. In recent years, the level of personal debt held by the average Australian has risen dramatically. This is largely the result of extremely low interest rates, low inflation and relatively easy access to debt. In addition, the rapid increase in house prices in recent years has led to larger average mortgages and has also provided those already in the market with access to a relatively cheap source of finance in mortgage equity loans. These have been used for a variety of purposes, including to invest, to purchase consumer assets such as boats and cars and even to fund holidays. A further issue is the continued love affair with credit cards and personal debt, such as those well-marketed 'interest-free' deals, which have attracted many consumers. This has been causing a deal of concern within government and other organisations. The RBA has suggested that this may even be influencing monetary policy. (a) Review recent publications to determine the extent of this problem. (b) Assess what the government is doing to curb this 'spending spree'? Is there anything else that could be done? (c) Do you think this is a critical issue for the continued stability and growth of the Australian financial sector and general economic growth? (d) Does the GFC help or hinder this?
Determine the cost per CD assigned to each group using the relative sales value method.
The actual manufacturing overhead cost for the year was $602,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 40,200 and machine hours totaled 79,000. Samli applies overhead based on direct labor ho..
What amount can Jackson claim as a tax deduction for salary and wage expense? How much can Jackson deduct as tax expense?
What is the justification for a corporation determining income for financial reporting purposes differently than the way it is determined for tax purposes?
Compute the sales level that would generate a 20% return on investment. Supposing the rate of return is 15%, determine the level of sales that would generate $200,000 of residual income.
a. Compute the selling price per unit. b. Compute the contribution-margin ratio.
Analyze how consolidations and business combination promulgations affect off-balance sheet manipulations. Include research on the development of consolidations and business combination promulgations.
Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000 in each of three years.
Determine the market price and related interest expense of an $800,000, ten-year, 10% (pays interest semiannually) bond issue sold to yield an effective rate of 12%.
They sold the house in May for $795,000. Broker's commissions and other selling expenses amounted to $45,000. Since they both are age 68, they decide to rent an apartment. They purchase an annuity with the net proceeds from the sale. What is the r..
When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to U.S. dollars by:
A depreciable asset currently has a $24,500 book value. The company owning the asset uses straight-line depreciation. They paid $37,000 for this asset and consider it to have a $2,000 salvage value with a seven year useful life. How long has the c..
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