One important internal control is the separation of duties.The person who receives goods from suppliers in the warehouse is not allowed to sign checks to pay the suppliers for those goods as an illustration of the segregation of duties.
Supervisors must take into account whether tasks are appropriately segregated when designing, redesigning, or defining/redefining job duties, as well as when authorizing user accounts in Banner and other systems. Supervisors must follow previously approved processes or put new processes/internal controls procedures in place that clearly define employee responsibilities and provide for efficient monitoring of operations. When crucial operations cannot be separated, one must rely on "compensating controls," such as managerial review; in such cases, the Executive Director of Finance must approve the use of a compensating control in advance.
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when you list prices for necklaces sold on your website, www.sparklingjewels, in dollars, this best illustrates money's function as group of answer choices a method of barter. a medium of exchange. a unit of account. a store of value.
Money serves as a unit of account. Money is used for buying and selling objects because it serves as a medium of exchange.
Money is a type of asset that people in an economy use to buy goods and services. Money serves as a unit of account, which is one of its most important characteristics. A unit of account is a monetary unit that can be used to value goods and services, record debts, and perform calculations. In other words, it is a value measurement. A unit of account has three important money-related characteristics.
A unit of account can be subdivided so that the sum of its parts equals the original value.
One unit is treated the same as any other, with no difference in value.
A unit of account is also countable and subject to mathematical operations. Units can be easily added, subtracted, divided, and multiplied. Profits, losses, income, expenses, debt, and wealth can all be tracked using this method.
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who generally takes responsibility for reporting required information on form 1099-s after a real estate closing?
The seller generally takes responsibility for reporting required information on form 1099-s after a real estate closing.
A real estate is a form of real belongings, which means that it's far something you personally are connected to a bit of land. it is able to be used for residential, business, or business purposes, and usually includes any sources on the land consisting of water or minerals.
Real property refers to real, or bodily, property, and may encompass land, homes, air rights above the land, and underground rights below the land. As an enterprise term, the actual estate also refers to producing, buying, and promoting property.
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a system of performance measures, including nonfinancial measures, used to assess company and division manager performance is: multiple choice hurdle rate. return on investment. balanced scorecard. residual income. investment turnover.
A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is called a balanced scorecard.
The balanced scorecard is a performance management report used by managers to keep track of the performance of employees. It presents the activities executed by the employees and the consequences it is having for the company.
Balanced scorecards are focused on a particular project or agenda of the company. It measures the performance of the employees concerning the objectives set. A balanced scorecard consists of the financial, internal process, customer, learning, and growth process.
It also keeps track of the measures and objectives set for performance improvement.
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goods and services: group of answer choices are things produced. are actions produced. are designed to satisfy wants and needs. are two categories of resources.
Goods and services are designed to satisfy wants and needs. In economics, goods are those that satisfy human needs and provide utility, such as a buyer purchasing a nice product.
It is customary to distinguish between transferable and non-transferable services. Both goods and services can be classified as these things. Services are ethereal in nature, whereas products are concrete in the sense that they exist in the physical world and can be touched. Commodities and services are both designed to be helpful and gratifying to the consumer. A service is defined as a "(intangible) act or usage for which a consumer, business, or government is willing to pay."
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a security analyst and their team go through the entire list of assets in the company and assign each item a level of priority. then they group the assets in the same levels together so they can create defense strategies for each group. what is this process called?
a security analyst and their team go through the entire list of assets in the company and assign each item a level of priority. then they group the assets in the same levels together so they can create defense strategies for each group. This process is called Bundling critical assets.
What are the Primary Asset Types?A resource is an asset if it is held or controlled by a person, business, or government with the intention of reaping financial rewards. Current, non-current, physical, intangible, operating, and non-operating assets are examples of common asset kinds. For a firm to survive, particularly in terms of its solvency and associated risks, it is essential to correctly identify and categorize the different types of assets.
According to the International Financial Reporting Standards (IFRS) framework, an asset is a resource that the business controls as a result of historical occurrences and from which it anticipates future financial gains.
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a monopolistic competitor has fixed costs of $200 and marginal costs of $10 per unit. what is its average cost of producing 100 units?
The average cost of producing 100 units will be $22
Cost of one product can be found as total cost / number of units
200/ 100 = $2
Marginal cost per unit is $10
Hence average marginal cost is 200/10 = $20
So total average cost is 20 + 2 = $22
A form of imperfect competition known as monopolistic competition pits numerous producers against one another by selling distinctive goods that are not exact substitutes for one another. A company engaged in monopolistic competition disregards how the prices set by its rivals are impacted by its own prices and considers them as given. In the face of coercive authority, monopolistic competition will transform into a government-granted monopoly.
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since 1920 in manufacturing the arrival of motor vehicles and better communications, along with a shift away from heavy manufacturing, gave rise to production no longer tied to rail heads, ports or natural resources. these new activities were called
These new activities were called as Tertiary activities.
What do you mean by Tertiary activities?
The tertiary activities can be: Trade and commerce Trade is buying and selling of products and goods produced somewhere else. Examples include Hospitality industry/tourism, Mass media. Healthcare/hospitals and Public health. Manufacturing deals with secondary sector
The types of service sectors based on activities carried out
Trade and commerceTransportationServicesUses include
Delivering essential services to the public:Enhancing employment opportunities: Creating positive experience:Helping in economic growthHence, with a shift away from heavy manufacturing, gave rise to production no longer tied to rail heads, ports or natural resources. these new activities were called as Tertiary activities.
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a canadian media company decides to open a printing plant in australia to produce magazines that will be sold to australian readers. the canadian firm is engaged in:
The canadian media company opening a printing plant in australia will be sold to australian readers and here the canadian firm is engaged in international direct investment.
What is international direct investment and what in the canadian firm is engaged in?International direct investment is the foreign investment in which the voting stocks up in the foreign company.Here the question is asked of a canadian media company deciding to open a printing plant in australia to produce magazines that will be sold to australian readers, and what job the canadian firm is engaged in.A way of a foreign investment or international direct investment is starting subsidiary of a domestic firm in a foreign country.There is a major difference between the direct and indirect investments of foreign trade.That is in direct investment there comes a ownership of the property and in indirect investment the participating company only gets a share of property.To know more about firm visit:
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ricardo is 17 years old. he signs a written contract with joe. under the terms of the contract, joe sells ricardo a car and a motorcycle. ricardo pays joe $1,000 down and is required to pay $500 a month for 12 months. after 3 months, ricardo turns 18 and tells joe that he wants to void the contract for the purchase of the car. ricardo wants to keep the motorcycle. can ricardo void the contract under those terms?
Yes. Ricardo was 17 so he can void the contract.A contract that a minor signs has two options: it can be upheld or canceled.
Why can minors void contracts?In most places, people who are minors (under the age of 18) lack the legal competence to enter into a contract.Therefore, a kid who signs a contract has the option of upholding it or having it canceled.However, there are a few outliers.For instance, a minor often cannot revoke a contract for basic needs like food, clothing, and housing. Since minors lack the legal capacity or competence to independently enter into legally binding agreements or contracts, any contracts they make are void.These people are categorized differently under the law since it is assumed that they are not entirely conscious of what they are doing. In most cases, only people who are of legal age can sign contracts.This means that those who are children, mentally ill, or who lack certain civil rights are not able to enter into contracts.It is important to keep in mind that the age of majority was only lowered from 21 to 18 in 1969, meaning that minors in the early cases were older than they are now when analyzing the cases referenced in regard to the competence of minors.Contracts entered into by minors are typically voidable at the minor's discretion.To learn more about void contract refer
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ordinary annuity or annuity due? a small business predicts that their computer system will need an upgrade in software and equipment in 5 years. to prepare for this expense, management decides to invest $1,000 at 8.4% compounded semiannually at the beginning of each semiannual period for 5 years. how much will be saved after 5 years? a. ordinary annuity b. annuity due c. neither
The amount that will be saved after 5 years is annuity due.
What is annuity due?When the cash flows, or payments, for an annuity start at the beginning of the period, the annuity is said to be due. Annuity due is another term for arrears on an annuity. As already said, the majority of assessment issues presuppose that payments happen at the conclusion of the term (ordinary annuity). An ordinary annuity factor in AH 505 can be changed to its corresponding annuity due factor with a very straightforward computation, however, if payments start at the beginning of the period (annuity due). Financial calculators and spreadsheet programs make the process of converting an ordinary annuity to an annuity due even simpler, but understanding how to "manually" convert the ordinary annuity factors in AH 505 to annuity due factors is still useful.
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pam exchanges a rental building, which has an adjusted basis of $520,000, for investment land which has a fair market value of $700,000. in addition, pam receives $100,000 in cash. what is the recognized gain or loss and the basis of the investment land?
The realized gain or loss plus the basis of the investment property is $700,000. As a result, the correct answer is $700,000.
What is an investment?Investment is the commitment of money to the acquisition of an asset with the goal of increasing its value over time. Investment necessitates the sacrifice of a current item, such as time, money, or effort.
Given that,
Fair market value = 700,000
Cash received = 100,000
Adjusted basis = 520,000
Recognized gain:
= Value received - Adjusted basis
= [Fair market value + Cash received] - Adjusted basis
= [700,000 + 100,000] - 520,000
= $280,000 Gain
The basis of investment land is equal to the fair market value of the investment land.
Basis investment land = $700,000
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The _ return is the return that an investor will probably earn on a risky asset in the future.
The predicted/expected returns is the go back that an investor will possibly earn on a volatile asset withinside the future. The predicted go back is the quantity of income or loss an investor can count on receiving on an funding.
An predicted go back is calculated with the aid of using multiplying capability consequences with the aid of using the percentages of them going on after which totaling those results. Expected returns can't be assured. The predicted go back for a portfolio containing a couple of investments is the weighted common of the predicted go back of every of the investments. Understanding Expected Return : Expected go back calculations are a key piece of each commercial enterprise operations and economic theory, which include withinside the famous fashions of the current portfolio theory (MPT) or the Black-Scholes alternatives pricing model.
For example, if an funding has a 50% threat of gaining 20% and a 50% threat of dropping 10%, the predicted go back might be 5% = (50% x 20% + 50% x -10% = 5%)The predicted go back is normally primarily based totally on ancient facts and is therefore now no longer assured into the future; however, it does frequently set reasonable expectations. Therefore, the predicted go back parent may be idea of as a long-time period weighted common of ancient returns. In the system above, for instance, the 5% predicted go back can also additionally in no way be found out withinside the future, because the funding is inherently challenge to systematic and unsystematic risks. Systematic threat is the risk to a marketplace area or the complete marketplace, whereas unsystematic threat applies to a particular organisation or industry.
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alpha corp. is prohibited from issuing more senior debt unless net tangible assets exceed 200% of senior debt. currently, the company has outstanding $100 million of senior debt and has net tangible assets of $262 million. how much more senior debt can alpha corp. issue?
Alpha corp can issue senior debt of more than $25 Million.
According to the question, it is already given that Alpha Corp. is prohibited from issuing more senior debt unless net tangible assets exceed 200% of senior debt. Therefore Alpha Corp. Can issue debt only half of the net tangible asset. Alpha Corp. has net tangible assets of $250 Million. Therefore Alpha can issue 50% of $250 million as a senior debt which is $125 Million. Because at $125 million of senior debt Alpha is meeting the requirement of 200% of the net tangible asset. Additional further senior debt can be issued = total senior debt can be issued - existing senior debt additional further senior debt can be issued = $125 million - $100 million. Hence additional further senior debt can be issued = $25 Million.
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what is closely associated with chain of command because it gives a manager the right to exercise their power in a given situation?
Authority is closely associated with chain of command because it gives a manager the right to exercise their power in a given situation.
What is the role of a manager?Manages staff, plans, and evaluates departmental activities to meet departmental goals. maintains staff by brining in, appointing, onboarding, and training new hires. makes sure that the workplace is safe, secure, and lawful. develops opportunity for personal improvement.
What is a good manager definition?Managers who listen well develop their communication skills. They give others a chance to speak. They convey the organization's vision to their team members in a way that inspires them because they possess a clear understanding of it. They inform their colleagues on developments inside the company.
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the income tax base for an individual tax return is: a) realized income from whatever source derived. b) gross income. c) adjusted gross income. d) adjusted gross income minus from agi deductions.
The income tax base for an individual tax return is d) adjusted gross income minus AGI deductions.
What is adjusted gross income?Adjusted gross income (AGI) is described as the income of an individual from which certain adjustments are deducted from the income. It is important to mention that the adjusted gross income highly influences the tax deductions as well as highlight the eligibility of an individual regarding income.
Adjusted gross income is a modified type of gross income when certain adjustments are made to it, it provides the exact amount on which the tax liabilities are determined.
It can be concluded that the income tax base for an individual tax return is d) adjusted gross income minus AGI deductions.
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How much would it cost the government each day to provide an earned-income tax credit under which workers as a group receive the same economic surplus as they do under the $12 per hour minimum wage? (assume for simplicity that the earned-income tax credit has no effect on labor supply.) the tax credit would cost the government $ per day.
The consumer is only concerned about the cost.A charge against him. So when taxes are transferred to consumer through price increases, then the supply curve will turn left.
Typically, the provider will manage the transition only transfers some of the tax to the customer, and pays the balance on his own. As a result, if the supplier will be paid less. Hence, the vendor curve will move upward as well.Therefore, the total PS will drop by $12.the reduction in consumer excess will be the amount of money received by the government in method of taxation, and notify the deceased weight loss is the quality that has been lost because of reduced demand It is calculable as (IncreaseInPB) * Consumer SurplusLost (QeOld) + (QeOld) + (IncreaseIn PB) +QeNew)W The price that the provider receives will be decreased by the consumer’s tax payment amount,With is 6, and the provider must likewise pay 6 tax.
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what's one of the main motivations for individuals in the economic system of capitalism? question 19 options: a) humanitarian concerns b) religion c) divine right d) profit
Profit is one of the main motivations for individuals in the economic system of capitalism.
The economic system known as capitalism promotes and permits private ownership of companies that work to make a profit. Nations all across the world use a variety of economic systems, including capitalism and socialism. The most basic type of capitalism is frequently referred to as a free market economy. Communism is a popular variety of socialism. The economic system known as capitalism bases prices on supply and demand and relies on a free market to decide the most effective distribution of resources.
The two-class system, private ownership, profit motive, minimum government intervention, and competition are only a few of the many distinct features of capitalism.
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what is a disadvantage of an international strategy? failure to appropriate learnings from other cultures low-local responsiveness many independent organizations difficult to coordinate
An international strategy can expand your company's customer base, but it has the drawback that cultural differences in other nations may hinder your marketing efforts.
What exactly is a global strategy?A global firm is one that exports internationally or offers services to customers or clients in other nations. The initial step in most organizations' global development plans is typically an international strategy, which involves exporting or importing goods and services while keeping a head office or offices in their home nation.
There is no one method that works for all business ventures that involve global expansion. Companies may decide to invest more in their target markets as they expand and scale. Since an organization's foreign strategy is essentially an extension of its home strategy, it scores poorly on both global integration and local response.
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Suppose that congress were to institute an investment tax credit. What would happen in the market for loanable funds?.
An investment tax credit is a tax incentive that allows businesses to write off a portion of the cost of investing in new equipment or property. The credit is typically a percentage of the cost of the investment, and it can be used to offset income tax owed.
The impact of an investment tax credit on the market for loanable funds is twofold. First, it increases the demand for loans, as businesses seek to finance their investments. This increases the price of loans, and makes it more difficult for borrowers to obtain financing. Second, it decreases the supply of loanable funds, as businesses use the credit to reduce their income tax liability. This decrease in the supply of loanable funds drives up the interest rate.
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the news of an impending recession in the economy will lead to a: (i) fall in consumption. (ii) rise in precautionary saving. (iii) rise in national saving. (iv) rise in consumption.
The announcement of an impending recession in the economy will result in a decrease in consumption, an increase in precautionary savings, and an increase in national savings.
A recession is defined as a significant, widespread, and long-term decline in economic activity. A common rule of thumb is that two consecutive quarters of negative GDP growth indicate a recession, but many economists use more complex measures to determine whether the economy is in recession.
During a recession, both large and small businesses experience a drop in sales and profits. Cost-cutting measures may include layoffs and reductions in capital spending, marketing, and research.
The correct answers are "I, II, III" options.
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sara shows concern for others, mentors subordinates, encourages subordinates to take initiative in solving problems, and shows appreciation for subordinates' contributions. sara is demonstrating leadership. a) relationship-oriented b) task-oriented c) transformational d) transactionalsara shows concern for others, mentors subordinates, encourages subordinates to take initiative in solving problems, and shows appreciation for subordinates' contributions. sara is demonstrating leadership. a) relationship-oriented b) task-oriented c) transformational d) transactional
Relationally oriented, Sara mentors subordinates, cares for others, and empowers them to take charge of their own difficulties.
What accomplishes a mentor?A mentor may impart knowledge about his or her own work path to a mentee (or protégé), as well as offer direction, inspiration, psychological support, and leadership behaviors. A mentor can provide assistance with career exploration, goal-setting, networking, and resource identification.
What exactly does a mentor do?A mentor is a friend or family member who helps a less experienced individual by fostering trust and serving as an example of appropriate behavior. An excellent mentor is aware of the importance of being dependable, involved, genuine, and attuned to the requirements of the mentee.
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according to the efficient markets hypothesis, if the value of a stock based on market fundamentals is greater than its current stock price, then the stock:
Efficient market hypothesis assumes a financial security is always priced correctly. Furthermore, this implies that stocks are never undervalued or overvalued.
What is Efficient market hypothesis?
The efficient market hypothesis (EMH), also referred to as the efficient market theory, is a theory that claims that share prices accurately reflect all available information and consistent alpha generation is impossible.
Equities always trade at their fair value on exchanges, according to the EMH, making it impossible for investors to buy undervalued stocks or sell them for inflated prices.
The only way an investor can earn larger returns is by making riskier investments, as it should be impossible to outperform the market as a whole through excellent stock selection or market timing.
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14.3 what is the difference between the risks taken by a construction lender and those taken by a permanent lender?]
Long term/permanent lenders are exposed to market risk while construction lenders take on execution risk.
Market risk is the probability that an individual or other entity will suffer losses as a result of factors affecting the overall performance of financial market investments. Market risk, also known as systematic risk, impacts the performance of the entire market at the same time. Diversification will not remove market risk. Certain risk, also known as unsystematic risk, is associated with the performance of a specific security and can be minimized through diversification.
Changes in interest rates, exchange rates, geopolitical events, or recessions can all cause market risk. The two major types of investing risk are market risk and particular risk. Market risk, also known as "systematic risk," cannot be removed by diversification, although it can be mitigated in various ways. Recessions and political unrest are two sources of market risk.
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after a period of exercise, a person will breathe heavily for some time after the activity has ceased. what is happening during this time as the oxygen debt is being paid?
Even though the muscles no longer require the extra energy they did a few seconds earlier, the body responds to strenuous exercise by continuing to take deep breaths. This is due to the body's accumulation of an oxygen deficit.
Why does a person continue to struggle to breathe after doing a lot of exercise?
Your body uses more oxygen and produces more carbon dioxide when you exercise and make your muscles work harder. Your breathing must increase from approximately 15 times per minute (or 12 liters of air) when you are resting to approximately 40–60 times per minute (or 100 liters of air) when you are exercising in order to meet this additional demand.
What is involved in repaying the oxygen debt after muscle activity?
The liver and muscles need to turn the lactic acid back into pyruvic acid after exercise. A lot of the oxygen that the body is currently taking in does the conversion rather than being used elsewhere in order to accomplish that. This is called "repaying the debt," which is why it is called "oxygen debt."
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consider the market for beef. (assume that chicken and beef are not substitutes in production). if a new study is released touting supposed health benefits of chicken, what will happen to the equilibrium price and quantity of beef
A rise in the price of beef will result in an increase in the number of individuals who desire chicken, which raises the price of chicken and the quantity of birds purchased at the market. Take the market for chicken as an example.
What is Market?
In general, a market is a place where buyers and sellers congregate to facilitate the efficient exchange and transaction of goods and services.
A market may be present physically, like in a retail store, or virtually, like an online retailer. Other forms of markets include black markets, auction markets, and financial markets.
The sum of money or other forms of payment that one party provides to another in exchange for the provision of goods or services is known as a price.
The cost of manufacturing is referred to using numerous terms depending on the situation.
The term "price" will typically be used if the item is referred to as a "good" in the context of the business transaction.
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the purchase of a car requires a $25,000 loan to be repaid in monthly installments for 4 years at 9% interest compounded monthly. if the general inflation rate is 4% compounded monthly, find the actual and constant dollar value of the 20th payment.
The actual and constant dollar value of the 20th payment is $622.13 and $582.07.
What is constant dollar value?
When comparing dollar values between periods, a constant dollar is a currency value that has been altered. The purchasing power of the dollar fluctuates over time due to inflation, hence in order to compare dollar values from one year to the next, nominal (present) dollar values must be converted to constant dollar values. Real dollar value and constant dollar value are both acceptable terms.
According to the question
P = the asset's initial purchase price
A= the annual sum that is included in the calculation,
I =the applicable interest rate, and
N=the total number of applicable time periods.
On substituting the given values to get:
A'20 = P(A/ P, i, N)
A'20 = $25,000(P/A, 0.0075, 48)
A'20 = $622.13
Therefore, the 20th cycle payment for the car loan is approximately $622.13 in actual cash.
Remember that the sum in constant dollars must be calculated using the 4% inflation rate. If the real interest rate is applied in this case, the solution is flawed. Additionally, the actual dollar payment shown above must be entered into the variable F in this scenario:
A'20 = F(P/F, i, N)
Where,
P = the present worth of a cash flow series,
F = the future worth of a cash flow series,
i' = the invested interest rate of return, and
N = the number of time periods applicable to the situation at hand.
Putting the given values in the above equation, one gets:
A'20 = F(P / F, i, N)
A'20=$622.13(P / F, 0.0033, 48)
To find the factor values. In this case, one would want to look at the second column for the other factor value applicable here(P/F, i, n).
A'20 = $622.13(P / F, 0.0033, 48)
A'20 = $622.13(0.9356)
A'20 = $582.07 20
Thus, the 20th payment in constant dollars is approximately $582.07.
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an auditor should design the audit plan to group of answer choices select all material transactions for substantive testing. minimize substantive testing prior to the balance sheet date. implement the audit strategy. perform either tests of controls or tests of transactions on each account balance.
Implementing the audit strategy should be done by auditor.
What is an Audit strategy?
The order of preparation is audit strategy, audit planning, and then audit program.
The audit strategy is ready to decide what has to be done for the audit.The audit strategy is less specific than the audit planning.Planning an audit Talk about how to put the audit strategy into practice to meet the goals set forth in the audit plan.The audit programme discusses how to choose all relevant transactions for substantive testing, run tests of controls or transactions on each account balance, and limit substantive testing before the balance sheet date.Learn more about Audit strategy from the link below
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Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). declared a $0.20 per share dividend on the 110,000 shares of $10 par value common stock outstanding. the date of record is january 31, and the payment date is february 15.
The retained earnings/dividends is $ 25,800. (journal attached)
How to calculate dividends?
Since the cash dividend preferred stock uses a percentage, multiply the par value by the shares outstanding then multiply the result by the dividend percentage.
Dividend payable (preference stock) = $ 100 * 950 * 4%
= $ 3,800
Next, for common stock, multiply the dividend per share by the outstanding shares.
Dividend payable (common stock) = $0.2 * 110,000
=$ 22,000
Then, retained earnings/dividends are calculated by adding up preferred stock dividends and common stock dividends.
Retained earnings/dividends = $ 3,800 + $ 22,000
= $ 25,800
Thus, the retained earnings/dividends is $ 25,800.
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after adding three bundles to a quote, you notice that you can't tell which products go with which bundles. what package level setting do you change to show which products go together?
The quote line should display the bundle components. A list of selected product options and user-defined static text are displayed in the quote line's Package Product Description field.
It can be used by sales representatives to rapidly refer to the setup of a quoted bundle product. Configuring the product is the first step in the CPQ process. Before continuing with the sales process, it is imperative that you fill out the necessary information about the goods or services. Your product or service will be used to its full potential if it is tailored to the demands of your customers. Option for Related Product is connected but completely independent.
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real risk free rate and inflation rat expected to remain at current levels what shape would the treasury yield curve be
The actual risk-free rate and inflation rate are predicted to stay unchanged, resulting in an upward-sloping Treasury yield curve.
An upward-sloping yield curve is one in which longer-term bonds yield more than shorter-term bonds. This is the most typical form because longer-maturity investors often expect a premium to compensate for the extra volatility associated with longer-duration investments.
An upward-sloping yield curve informs investors about predicted economic growth.
A yield curve is a method of measuring bond investors' risk tolerance, and it may have a significant influence on the returns you receive on your investments. A yield curve may even be used to predict the direction of the economy provided you understand how it works and how to read it.
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