Post 1 Arielle Reply her post with positive APAS format 130 words 12 new romans double spaced cited with reference.

Economic Growth is defined as “an increase in the production of economic goods and services compared from one period of time to another. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP) although alternative metrics are sometimes used” (the Investopedia team, 2021). Economic growth commonly are functions of physical and human capital, labor force, and technology. In order to do this, it is mentioned that increasing the quantity of the working population and the tools that will work with them, as well as the recipes that are available to combine labor, capital and the raw materials that will lead to an increase economic output.

The internet accelerates the process of economic growth with speeding up the diffusion of the new technologies in order to combine economies. This includes mobile phones and other technologies that can reduce the cost for telecom infrastructure. “In order to restore economic growth, the balance between consumers and investors has to be restored. By increasing the money flowing consumers there will also be more reason for investors to invest and receive higher returns. The entire economy will grow more rapidly” (Yaneer Bar-Yam, 2017). The internet also accelerates the process of economic growth from traditional economy in order to advance economy for making good use of the internet applications.

It seems as though the question that is truly being asked to us, is how the internet is affecting out daily life. The internet has known to distract the economy today with everything that goes on social media and the news. Social media has taken over our minds and tend to distract what is most important to us today. The internet “affects their development of attention span, memory skills, language acquisition, abilities for critical reasoning, reading, and learning abilities” (Bhadury, 2020). Not to mention you become lazy because you are laying around either on your phone or on the computer and you are then glued as time is just going on past.

The internet is a huge platform for marketing; for goods and services. Having the internet, companies are able to sell their products and services. With having the internet around it has become a great communicating way for the economy and quick using to the population.

Post 2 Darryl Reply his post 130 words with positive answer APA 12 new romans double spaced

If I am understanding this move of reducing the estimate for doubtful accounts correctly. This move will increase the profit margin, so everyone will be eligible for their bonus’s at years-end. The effect that this has on the Income Statement, is it adds to the profit. Now, there will be total amount of provision at years-end, and is deducted for trade receivables on the balance sheets. This move is related to writing off bad debit. And is an estimate that some of their accounts that are in danger of defaulting, will probably not be paid off, and enter into bankruptcy regardless. So, Antwon Blair recommendation is his right as a manager, and he is not committing any ethics violations. financialaccountancy.com (2015).

The internal controls needed to help the company oversee the managers recommendations for account changes revolve around account receivables auditing. The audits are done annually, and their main focus is on accounts receivables in detail. The reason for this, is accounts receivable are the companies largest assets. There are different types of auditing procedures related to accounts receivable such as: Trace receivable reports to general ledgers, “which is a grand total to the amounts in the accounts receivable accounts in a ledger”. accountingtools.com (2021). Also, there are procedures in the audit that add-up totals on invoices , to ensure correct ledger balances. And all entries should be fully documented regardless of the size of the account. The auditors will do a deep dive into the accounts to ensure accuracy, and verify that accounts are billed correctly. And, these are just a few internal audit controls to help companies detect a variety of accounts receivable mistakes. Aton Blairs’s company auditors will comb thru all his accounts to ensure his department staff, is not violating any ethical rules, to ensure complete transparency.

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