Economics Answers

Question-Explain how data might be consolidated or converted to allow it to be analysed

Answer-The first stage for the consolidation of data is the application of any analytical tasks or projects. The main part of the consolidation when the data is collected and the organisation of data storage in the form that is the best holding point for their processing on a specific analytical platform or when it is solving a analytical task.

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Why might it be necessary to consolidate and/or convert financial data to allow it to be analysed in accordance with organisational requirements? The size of a business and the number of departments has not connection to the question of why might it be necessary to consolidate and/or convert financial data to allow it to be analysed in accordance with organisational requirements?

C=0.9yd
I=1000
G=1000
T=2000
Tr=500

. During 2002, real GDP in Japan rose about 1.3 percent. During the same period, retail sales in Japan fell 1.8 percent in real terms. What are some possible explanations for retail sales to consumers falling when GDP rises?

1)What are a BAS and IAS? Explain what taxes a BAS may report

2)Describe the information which will be contained in typical financial reports. The information referred to in this question is not the financial data but auxiliary notes and information

Why must directors provide adequate disclosure in financial reporting? (Answer needs to be specific with question asked)

if the cross elasticity of demand between bread rolls and cheese is -3,o,this implies that these goods are

Discuss the way that saving is taxed under an income tax and consuption tax.which is more efficint ? why?which is more equitable ?why?

1)You have been asked to provide an accurate and up-to-date profit and loss report on work in process for a particular job. What data might you draw on, what reports might you need to access and how would you ensure that the information you provide is error free and comprehensive?

2)What is the importance of collecting, maintaining and providing accurate financial/ resource allocation records and reports?

1)A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $16,500 (GST inclusive).

Describe how you would process this to comply with taxation reporting requirements. How much input tax credit could be claimed and why?

2)How will a business determine the correct lodgement requirements for its particular circumstances

3)Undertake your own research to collect three pieces of financial data. Each piece of data must come from a different source. Submit a copy of the data and your comments in response to these activities to your trainer/ assessor.

Summarise the data.Evaluate the usefulness of the data to those who might be required to provide a report on financial activity. Describe how you could index the data to ensure it can be quickly located and referred to later. Be specific.