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Module 03 Written Assignment-The Balance Sheet

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Module 03 Written Assignment The Balance Sheet

Review the account balances of Ma and Pa Grocery as of December 31, 20##, in the .

Requirements:

  1. Prepare the Statement of Retained Earnings for the period ending December 31, 20##.
  2. Prepare the Balance Sheet as of December 31, 20##.
  3. Calculate the current ratio for the year.

Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.

Save your assignment as a Microsoft Excel document. (Mac users, please remember to append the “.xlsx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:

Jstudent_exampleproblem_101504

 

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Government May Improve Markets Essay

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Essay Written For: Danet Espinosa 

College: Miami Dade College

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Government May Improve Markets Essay

Mergers and acquisitions (or M&A) lead to the consolidation of firms and/or assets via a couple of legal financial transactions. M&A include a host of transactions. What is of essence is that in all cases, the companies involved combine their resources and efforts towards cornering the market to their own advantage. If this goal is achieved, the big enterprise becomes a monopoly. Those in favor of monopolies argue that they are primarily about enhancing efficiency, while those opposed to the practice cite the kind of inequality they produce (Dolliver 36; Zanella 381).

Characteristics of Monopolies

There are about five major characteristics of monopolies, and these include having a single seller as a vast portion of the market is under the control of a single firm. Second, the goods produced lack close substitutes. The monopoly becomes the price maker, and hence it can manipulate the prices and change the quantity of its produce which hence shifts the supply-curve as it wishes. This has been observed with electric companies in California (da Costa 509).

If Brazil’s sugar industry becomes monopolized, there will definitely be high entry barriers. New firms, especially those without a strong financial basis, will find it impossible to enter the market. Since there will be no immediate competition, firms could continue making profits in the long term. This is unfair. Even though there is lack of close competition, monopolies do still invest in advertisement of their products. The idea is to increase demand and entrench the culture of consumerism. The people keep on wanting higher and higher quantities of the goods and services (Dolliver 36).

The Advantages and Disadvantages of Monopolies

Stoller (18-9) argue that large businesses tend to be more efficient, and this could mean a reduction in prices of goods and services they produce. Nonetheless, that is a possibility, but it does not mean that every firm will lower the prices if and when it has an opportunity. According to Zanella (381), another advantage is that monopolies could hire a large number of employees. In addition, they have what it takes to produce huge quantities of goods, which means that the market will be adequately supplied.

Monopolies have the money and opportunity to invent. However, these are just possibilities. In most cases, the only reason firms decided to take a bold step of coming together was to streamline their efforts and increase their profits. Therefore, it is illogical to conclude that their first or second priority is to engage in such charitable undertakings as offering jobs to the residents, or lowering prices. This is why it is imperative to consider their obvious disadvantages (da Costa 526-7).

Monopolies will do all they can to impede the success of smaller business organizations. That was one of the main reasons they joined forces in the first place, that is, to corner the market. Stoller (24) argue that there are also cases where they take advantage of their employees. Pollution is yet another major challenge, yet even the clients cannot punish them by boycotting their products. They are the only ones availing products into the market. Worse still, most monopolies end-up influencing the government. As they corner the market, therefore, they also corner the politics (Stoller 21; Zanella 381).

Conclusion

A monopoly is characterized by lack of competition. In the case of the sugar producers in Brazil, this would be lack of competition in accessing raw materials, producing the goods in question, and viable substitutes become almost nonexistent. In most cases, monopolies end-up rising prices way beyond their reasonable marginal cost. A high profit is earned as a result, and this further increases their power. The government of Brazil need to come-up with laws which discourage the cornering of the market to maintain vibrancy in the market (da Costa 520).

Works Cited

da Costa, Camila Furlan, et al. “The financing of culture in Brazil between 2003 and 2015: A path for generating monopoly rent.” RAP: Revista Brasileira de Administração Pública, vol. 51, no. 4, July 2017, pp. 509–527. EBSCOhost, doi:10.1590/0034-7612162254

Dolliver, Mark. “Condemning big business, but lauding the small sort.” Adweek Eastern Edition, vol. 42, no. 24, June 2001, p. 36

Stoller, Matt. “The return of monopoly.” New Republic, vol. 248, no. 8/9, Aug. 2017, pp. 18–25

Zanella, Fernando C., et al. “Monarchy, monopoly, and mercantilism: Brazil versus the United States in the 1800s.” Public Choice, vol. 116, no. 3/4, Sept. 2003, p. 381. EBSCOhost, doi:10.1023/A:1024807728596

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What Are the Different Models of Attention?

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Models of attention within the human brain have been developed throughout history. A great deal of research was completed in the 1950s and 1960s to expand on attention of the human brain, which is the process of deciding on which information is important and which should be ignored or classed as less important. Theories are set forth in each of the different models of attention to explain how the human brain processes information and decides which should be processed. The three main models are known as the Broadbent model, the Treisman model, and the Deutsch and Deutsch model.
Donald Broadbent produced a model of attention known as the filter model in 1958, but now known as the Broadbent model. Studies were completed by Broadbent on military air traffic controllers receiving and sending large amounts of information at one time. Large amounts of information produced a bottleneck that is sorted through by the brain in a sensory filter that decides on the importance of each piece of information. Pieces of information that do not get processed, or are classed as not important, decay rapidly in the sensory filter. Broadbent’s theory puts forward the case that information is sorted in the brain for relevance before it is processed in the conscious parts of the brain.
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Treisman’s attenuation model was developed in 1960 as a different model of attention to the Broadbent model, with attenuation referring to the ability of the human brain to turn down the strength of the information passing to it when it is classed as unimportant or less important than other information. Attention is focused in this model on information deemed important by the individual, while information seen as not as important is processed less thoroughly by the human brain. During this attenuation model, the information is processed for physical characteristics and the recognition of words through a filter. Each piece of information is passed through a filter, similarly to the Broadbent model, to create a bottleneck that must be then filtered for importance. Completion of experiments to back up Treisman’s theory included the use of information passed through headphones in large quantities of overlapping information.
A third model of attention is known as the Deutsch and Deutsch model, which is similar to Treisman’s theory of attenuation. Deutsch and Deutsch puts forward the theory that all of the information passed to a human works through the complete set of mechanisms of the mind whether attention is focused on the information or not. Only information that is distinguished as meeting the highest level of importance at that specific time is pushed forward and focused upon. Treisman’s theory differs from Deutsch and Deutsch because, in Treisman, selection of important information is done at an early stage of information processing. Deutsch and Deutsch argues that information is sorted for importance at the end of the mechanisms for assigning importance within the brain.
Bottleneck models of attention provided the initial research into how attention is focused when the senses of a human are overloaded with information. Problems with bottleneck theories are based on the requirement for information to be overloaded on the person being tested, with test subjects not being faced with only a small number of information choices. Shifting attention between information is not allowed during these bottleneck models of attention.

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