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Tutor profile: Michael P.

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Michael P.
Junior at University of California, Santa Barbara
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Questions

Subject: Finance

TutorMe
Question:

Is a strong dollar good or bad for emerging markets?

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Michael P.
Answer:

Very bad, since emerging markets are dependent of foreign investment usually to spark growth, any debt that they have connected to the dollar will become more expensive because the country will need to spend more of their own currency to pay back a single dollar.

Subject: Economics

TutorMe
Question:

If a perfectly competitive market, if supply shifts to the right what will happen to the price and supply of the market?

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Michael P.
Answer:

A shift in the supply to the right leads to an increase in supply and a decease in supply.

Subject: Accounting

TutorMe
Question:

Name the three main financial statements and their purpose.

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Michael P.
Answer:

Balance Sheet: Gives you a snapshot of the financial position of a company Statement of Cash Flow: Aggregate data of all cash inflows a company receives as well as cash outflows for a company Income Statement: Shows the revenue, expenses and profitability of a company

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