Low income community is the target market for extreme value retailers like Dollar General and Family Dollar. But they also serve the rural and urban shoppers that belong to low-to-middle-income families‚ ethic groups and older customers with fixed incomes. The low income families experience significant higher levels of material hardships than families one rung father up the economic ladder – families with incomes two to three times the poverty level. They tend to skip meals or not being
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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ROLE OF EDUCATION IN SUSTAINABLE DEVELOPMENT By NJOKA John Nyaga‚ Kenya. (jnyaga2003@yahoo.co.uk) INTRODUCTION Sustainable development is that development which will meet the present needs of the community without compromising the ability of future generations to meet their own needs. Environmental education involves among other things the provision of information‚ recognizing values‚ clarifying concepts etc in order to develop skills and attitudes that enable the community to understand and
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the growing inequality between wages and profits. Through looking at these two relationships we can see the worsening condition of the distribution of income and wealth in Australia. When looking at changes in income in Australia‚ the recent trends (as seen in diagram 1 and diagram 2) shows the top 20% or highest quintile‚ increasing their income share from an averaged 38% in 1994/95 to over 41% in 2007/08. This increase has resulted from the long period of economic growth‚ characterised by increasing
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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some consumers. Proportion of income required by the item: products requiring a larger portion of the consumer’s income tend to have greater elasticity. • Time period considered: elasticity tends to be greater over the long run because consumers have more time to adjust their behavoir to price changes. Income elasticity of demand measure the degree of responsiveness of quantity demanded of good X to a given change in level of income‚ ceteris paribus. Income elasticity of demand is calculated
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data provided by Emmanuel Saez to show that there is a linear relationship between income share and the percentage of children attending college. Thus as income share increases the percentage of children receiving education increases. Children who are from poor families do not have the same advantages as rich families. However‚ Bruce Sacerdote has conflicting data. Sacerdote writes that 33% of variance of family income is due to genetics‚ 11% is due to family environment‚ and 56% are environmental factors
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describes the major financing transactions entered into by Xytech in its first 10 years of existence. The firm’s earnings history also is given. You are to write a journal entry for each transaction as it is described. You should be explicit about what noncurrent liability and owners’ equity – that is‚ invested capital – accounts are affected by the transactions‚ but effects on assets (including cash) and current liabilities can be recorded in a single account‚”A&CL.” 20X0: The firm began as a
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Poverty and Income inequality affects our relationship with other people from a different race. Any conversation of collective class and flexibility would be inadequate without having a discussion of poverty and income inequality. According to Dr. Larry Griffin‚ a professor at University of North Carolina at Chapel Hill: In 2005-06- “13% of white Mississippians were poor (national average is 12%) and 43% of black Mississippians are poor (national average is 33%)”. Although‚ other estimations of poverty
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TAKE HOME EXAMINATION MAY 2012 SEMESTER SUBJECT CODE : MAF656 SUBJECT TITLE : ADVANCED ACCOUNTING AND FINANCE LEVEL : DOCTOR OF BUSINESS ADMINISTRATION STUDENT’S NAME : SARAVANAN KOLAN DE VELU MATRIC NO. : M70205120002 PROGRAMME : DBA ACADEMIC FACILITATOR : PROF. DR.MOHAMMAD ADAM BAKAR LEARNING CENTRE : KL-HEAD OFFICE INSTRUCTIONS TO STUDENTS 1) This assignment consists of THREE (3) questions. Answer ALL questions. 2) Plagiarism in
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