Concepts and Their Significance for the Preparation of Financial Statements Every business needs to make a report structured as financial statements describing its financial position of a given period. Financial statements can be prepared on an annual basis or semi-annually. The four main financial statements that must be prepared include;...
Introduction The expansion and connectedness of production, communication, investment of funds and expertise by business organizations across the globe through interlocking economic and cultural activities continue to widen the gap between low and high-income nations. In other words, the purported free trade has increased the gap in terms of development...
Introduction The United States of America and Canada have had long term trade links. One of their major trading activities has been in the softwood lumber industry. For example, in 2005 Canada exported softwood lumber worth 8.5 billion U.S dollars to U.S. This trade is of great significance to both...
Introduction Nations demonstrate the aspiration to ensure that the living standards of their citizens are appropriate and their capacity to play in the regional and global economic arena remain secure. The United Arabs Emirates is included in this phenomenon with the trade, production, distribution, and consumption of products in the...
The activities of Multinational Corporations (MNCs) affect both the host countries and international economy in several ways. It is obvious that MNCs are largely motivated by the desire to boost profitability when they engage in overseas direct investment (Kumar 700). However, the definite impacts brought to host countries by MNCs...
Introduction The crisis first started with the crush of prices in securities which were dependent on the US real estate. There was reduced availability of credit where many major firms filed for bankruptcy while other firms collapsed (Doyran 23). Credit tightened and consumer confidence declined in all stock markets of...
Introduction The world, two years ago faced an economic setback when recession hit most of the countries in the world affecting the financial crises, the effects of the banking and mortgage problems are still being felt up to today. Governments are being bailed out to prevent spillover effects in neighboring...
Background Banking industry provides financial products and services to wide range of customers such as; individuals, SMEs, institutional investors as well as corporations within international market. Bank of America is one of the biggest banks in United States banking industry owing to its asset base, especially after acquisition of Merill...
If the demand for corn increases due to its use as an alternative energy source, what will happen to the supply of corn’s substitute such as soybean? Assume that, besides being substitutes for one another, corn and soybeans require the same raw material, such as the same farm land. Think...