Answer:
earning potential
Explanation:
Earning potential refers to the potential gains from dividend payments and capital appreciation shareholders might earn from holding a stock. In other words, it reflects the largest possible profit that a corporation can make
The top salary one can make is tied to their earning potential, which is influenced by their human capital, including education and skills. Human capital boosts productivity, leading to higher earnings. Investments in human capital can hence increase the long-term earning potential of individuals.
The top salary one can make is often referred to as their earning potential, which is linked to several factors including education, human capital, productivity, and the career path one chooses. Human capital represents the accumulation of knowledge, skills, and experience that a worker possesses, which directly influences their productivity and, consequently, their earning potential. Investing in education and skills development can increase one's human capital, thereby raising their productivity and the ability to earn a higher salary. This can shift a family's budget constraint, allowing them to improve their standard of living, as shown by an increase in hourly wage from $7.25 to $12 in one hypothetical scenario.
An investment in human capital, similar to other forms of investment, includes an upfront cost but can lead to greater benefits in terms of increased productivity and earnings over time. The role of education in enhancing human capital is significant, impacting not only the career one can pursue but also the performance and income one can expect from their labor. Employers value the performance that comes with enhanced human capital, thereby providing more significant benefits and higher wages in line with the increased productivity.
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Student Version
To summarize, the elaboration model of instruction starts by presenting knowledge at a very general or simplified level in the form of a special kind of overview. Then it proceeds to add detail or complexity in "layers" across the entire breadth of the content of the course (or curriculum), one layer at a time, until the desired level of detail or complexity is reached.
References:
Reigeluth, C. M. (1999). The elaboration theory: Guidance for scope and sequence decisions. In C. M. Reigeluth (Ed.), Instructional design theories and models: A new paradigm of instructional theory (Vol. II, pp. 425-453). Hillsdale, NJ: Lawrence Erlbaum.
They soon switched to a model based on the elaboration theory (Reigeluth, 1999). Using this approach, the game would begin with a level that offered the simplest version of the whole task (the epitome); subsequent levels would become increasingly more complex--an approach common to videogames--with opportunities for review and synthesis.
References:
Reigeluth, C. M. (1999). The elaboration theory: Guidance for scope and sequence decisions. In C. M. Reigeluth (Ed.), Instructional design theories and models: A new paradigm of instructional theory (Vol. II, pp. 425-453). Hillsdale, NJ: Lawrence Erlbaum.
Which of the following is true for the Student Version above?
a)Word-for-Word plagiarism
b)Paraphrasing plagiarism
c)This is not plagiarism
Answer:
The correct answer is letter "C": This is not plagiarism.
Explanation:
Plagiarism is the act of taking someone else's work and make it appear as if it belongs to another party. It also implies paraphrasing words from an article or changing the order of some of the words to give it a genuine look. Plagiarism is considered a misdemeanor but can be penalized.
The student's version in the example is not plagiarism because the source from where the student takes the reference of the elaboration theory is mentioned:
They soon switched to a model based on the elaboration theory (Reigeluth, 1999).
Thus, the student is recognizing that the conclusion was taken from another resource. The rest of the student's paragraph is related to another field of study - videogames - making a unique version only relating the theory.
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W Smith, a sole trader, for the year ended 31 December
2013. W Smith has forwarded to you all books of prime
entry and ledgers, and in addition has given you the
following information:
1) Mr Smith had taken £2,000 out of the business bank
account to take his wife on holiday.
ii) Up to last year the machinery and vehicle used in
the business had been depreciated using the reducing
balance method. W Smith thinks that they should now
be depreciated using the straight-line method.
iii) Mr Smith is confident, given his order book that
the business will continue to operate in its present
form for many years.
iv) Mr Smith had purchased ten staplers, four flip
charts and four packets of whiteboard markers which
will be used in the business for the next couple of
years.
V)
Mr Smith informs you that he has just found an
unopened electricity bill for £900 which was for the
quarter October to December 2013
Required
In each case, identify and then explain the main
accounting concepts being highlighted and indicate
how each should be treated in the final accounts.
Answer:
Identification and Explanation of Highlighted Accounting Concepts and Treatment in the Final Accounts:
1. Economic Entity: The business (economic entity) is separate from the individual (W. Smith). Accounts are kept to ensure this separation of ownership from the business. This withdrawal is treated as Drawings, a reduction of capital (owner's equity) in the balance Sheet.
2. Consistency concept: This concept requires that an accounting estimate or principle is consistently applied. However, if there is a change in an accounting estimate, the effect of the change needs to be disclosed in the final accounts.
3. Going concern concept: A business is assumed to continue indefinitely in life. Therefore, assets and liabilities are stated at their cost or fair values. Where there is a contrary view, this must be disclosed and accounts be kept to reflect the revised view. Then, assets and liabilities will reflect market or disposal values.
4. Materiality concept: This concept requires that values in accounts be material. Though, materiality is a matter of judgement, a threshold can be established based on the value of the individual item to the value of the business. Will its disclosure or not affect decisions of a knowledgeable investor or analyst, is a consideration under the materiality concept. The office stationery can be expensed in the income statement if the amount involved is not material, even though, they will continue to be used in the business for more than a year. This somehow contradicts the concept of the matching principle.
5. Accrual Concept: The concept states that "Revenue is recognized when earned, and expenses are recognized when assets are consumed," and not when cash is received or paid. This unpaid electricity bill for £900 must be accrued in the income statement as an expense and treated as a liability in the balance sheet in line with the accrual concept.
Explanation:
These are the basic accounting concepts:
1. Accruals concept
2. Conservatism concept
3. Consistency concept
4. Economic entity concept
5. Going concern concept
6. Matching concept
7. Materiality concept
Answer:
The answer is $400,000
Explanation:
Quantity theory of money states that the quantity of money is directly proportional total spending in an economy.
Change in quantity of money = new deposits (which can also be new security) ÷ reserve requirements
The new security is $20,000
reserve requirements is 5 percent
Change in quantity of money is:
$20,000 / 0.05
=$400,000
b. The absence of a risk factor guarantees freedom from the disease.
c. The fewer risk factors for a disease, the better the chances for good health.
d. Interventions must be targeted to each individual risk factor.
e. Risk factors tend to be short-lived, so their presence does not predict long-term risk ofdisease.
Answer:
C. The fewer the Risk Factors for a Disease the better the Chances of a Good Health
Explanation:
Understanding Risk factors in health is very important especially when trying to find ways to ensure good health. Risk factors are important in many important health decisions. For instance, it is important to know family and personal risks, risks and benefits of a treatement and even the risk factors for a disease. All these assist in making better decisions both by the individual and the medical practitoner
A disease's risk factor represent those situations, living conditions, habits, choices etc that can heighten the probability of getting a certain disease. A disease's risk factor represents those things or factors that tend to increase the chances of contracting such a disease, while it doesn't necessarily mean they will definitely occur, the higher these factors, then the higher the possiblity of contracting it and the lower the risk factors then the lower the possibility of contracting the disease.
For instance, it is known that smoking cigarette is a risk factor especially for lung cancer, however, family history, exposure to second hand smoke as well as radon gas are also factors that can contribute to lung cancer. These repesent the risk factors.
Risk factors are divided into five: