GOVERNMENTAL ACCOUNTING EXTRA CREDIT H/WORK FANNIE MAE AND FREDDIE MAC 1. Fannie Mae was started in 1938 by President Franklin Roosevelt. He wanted to create a system or a new deal which would benefit people who didn’t have homes. Fannie Mae is the nickname of what is known as the federal National Mortgage Association‚ and Freddie Mac is the nickname for Federal Home Mortgage Corporation. 2. The great depression was the major reason for such a system to be put in place simply because
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The Fisher Effect To determine true return on a company ’s investment‚ the financial manager (FM) must be able to determine the real interest the company ’s investments are achieving‚ regardless of inflation. Irving Fisher theorized in his work The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest it? that real interest is the price at which the supply of capital is equal to the demand for capital. The supply is dependent on peoples willingness to save and
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Dance-A-Thon Script (Jolie)Welcome everyone and thanks for coming to Youth for Hospice’s third annual Dance-A-Thon. • I’m Jolie Denburg And I’m the President of Youth for Hospice. • I’m Faryn Corey and I’m the vice president of Youth for Hospice (Faryn):We’re all here to raise money for a very important cause—United Hospice of Rockland. (Jolie) In case you don’t know about Hospice‚ Hospice takes care of people who are terminally ill. We also help the families who are taking care
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COMMODUS Rise‚ rise. Your fame is well deserved‚ Spaniard. I don’t think there has ever been a gladiator to match you. As for this young man. Lucius is now standing in front of Commodus‚ Commodus arms affectionately holding the boy close. COMMODUS He insists you are Hector reborn‚ or was it Hercules? Why doesn’t the hero reveal himself and tell us all your real name. You do have a name? MAXIMUS My name is Gladiator. He turns to leave‚ his back to Commodus. He will not attempt to harm
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In what sense is this a ‘winner-takes-all’ industry? A “winner-takes-all” market refers to a market that is dominated by a single supplier and is subject to significant network externalities. Network externality in simplest terms is the value of a product to an individual customer that is affected and dependant on the number of other users of that product. Thoroughly assessing the case study we came up with the conclusion that the notion behind the market being considered a “winner-takes-all” market
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Reflection on Eisner In this article‚ Eisner says that “the mind is conceived of as a collection of relatively independent faculties and aptitudes. I completely agree with this statement‚ the only thing that I have against it is that he does not state that these aptitudes are different for everyone. I believe that it is these differences in aptitudes that make everyone think differently. Nobody thinks the same way‚ everyone answers questions differently and that is because of these aptitudes. This
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Bobby: For how many hours do you watch TV everyday? Aman: Mostly for one hour. On holidays I may watch for even two hours or more. Bobby: Why do you watch television? Aman: I watch it for information and entertainment. Bobby: Do you watch movies too? Aman: I don’t have enough time to watch movies. I hardly watch one movie a month. Bobby: Are movies good for our society? Aman: Most of them are not. They waste our time and energy. People don’t learn anything good from them.
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- Now‚ I’d just like to say that no other art form has had quite the impact on our lives that the motion pictures have. Cinema is one of the best types of art and cinematography is considered to be one of the rare wonders. To many people in the twentieth century that was the golden age of the cinema. - Yes‚ I agree entirely here. Indeed‚ the movies are truly an art of our time — they were born and have come of age in the twentieth century‚ and they now demand the serious consideration given to
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Doctor: Hi‚ what seems to be the problem? Patient: I’ve been having a chest pain for about four hours. Doctor: Ok and did you have any other problems? Patient: Yes‚ during my sleep I was woken up by a pressure in the middle of my chest‚ and it spread to the left shoulder and back four hours ago. I also had shortness of breath‚ sweating‚ nausea‚ and vomiting. Doctor: The pressure in the middle of your chest is a retrosternal pain. Did you take any medication during that time? Patient: Yes‚ I
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BIOGRAPHY 20.1 Irving Fisher (1867 -1947) Irving Fisher was born at Saugerties‚ New York‚ the son of a Congregational minister. As did his father‚ Fisher studied at Yale. Mathematics was his favorite subject. He won first prize in a math contest even as a freshman; his doctoral dissertation‚Mathematical Investigations in the Theory of Value and Prices (1892)‚ was a landmark in the development of mathematical economics. This dissertation won immediate praise from no lesser figures than Francis Y
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