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2. Net worth of a company is calculated as: NET worth Total assets- total liabilities

3.How would you interpret a current ratio of 1.2? :

The best current ratio is between 1.2 to 2. So the company has enough liquid assets to cover its short-term liabilities.

4.A ratio which measures the ability to pay long-term obligation is: Debt to Assets Ratio(DR)

5. Data extracted form only the income statement can be used to :  claculate a firm’s net profits

6. The information below is excerpted from the financial

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sociologyT;he study of humans in a post-indusrial society

Qualitative;Describing something based on what you saw/experience

Quantitative;Describing something based on numbers or facts or statistics

Micro Level:Interactional study:Happens on a smaller scale (i.e. Face to face)

Macro Level:Structural study:Focuses on bigger aspects (i.e. Education)

Social Location/Reflexivity:How society/societal change can impact an individual/group (Race,religion,sex, time period) (i.e. Pre 9/11 vs. Post 9/11)

Sociological

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Measuring Inequality

Size distributions

Personal or size distribution deals with individual persons or households and the total incomes they receive.

Only accounts for how much each individual earns irrespective of other sources (interest, profits, rents…) or location (rural vs. urban) and occupational source (agriculture, or manufacturing.

Individuals are then placed in ascending order and grouped into quintiles (fifths) or deciles (tenths)

Shows what proportion of the national income is received

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ANIMALS:

OPINION ESSAY:Animal Rights Essay – Model AnswerSome people believe that animals should be treated in the same way humans are and have similar rights, whereas others think that it is more important to use them as we desire for food and medical research. This essay will discuss both points of view.///////With regard to the exploitation of animals, people believe it is acceptable for several reasons. Firstly, they think that humans are the most important beings on the planet, and everything

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Circular flow of income in differentsectors Household sector: Households provide factor services to firms, government and foreign sector. In return it receives factor payments. Households also receive transfer payments from the government and the foreign sector, households spend their income on payment for goods and services purchased from firms, tax payments to government and payments for imports. Firms: Firms receive revenue from households, government and the foreign sector for sale of their Read More

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____Most people are increasingly aware of the need to protect our environment. Despite this, not many of us are really taking steps to reduce our impact on the planet. In this essay, I will suggest some steps each of us can take and some ways to motivate others to do the same.

Many environmental problems seem so big that only governments, local authorities or big companies can deal with them. One example is global warming. We need government action to reduce emissions from coal and oil burning power

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