Question & Answer

Why are real wages likely to be more flexible downwards than money wages?

What is the composite part concept in group technology?

In general, how do the disproportionate distribution rules ensure that partners recognize their share of partnership ordinary income?

What Are Your Social Values?

Explain how and why the use of ROI for performance evaluation can cause managers to make decisions that could be harmful to an entity in the long run.

A welding operation on an aluminum alloy makes a groove weld. The cross-sectional area of the weld is 30.0 mm2. The welding velocity is 4.0 mm/sec. The heat transfer factor is 0.92 and the melting factor is 0.48. The melting temperature of the aluminum alloy is 650°C. Determine the rate of heat generation required at the welding source to accomplish this weld.

Can a perfectly competitive firm earn a supernormal rate of return on capital if it continuously innovates?

Outline the key steps in a costing framework.

How does the price of a financial futures contract change as the market price of the security it represents changes? Why? (LO1)

How would a central bank’s aversion to inflation affect how much the MP curve moves vertically downwards in response to a reduction in cost-push inflation?

Distinguish between redrawing and reverse drawing.

(i) Will the rate of actual growth have any effect on the rate of potential growth? (ii) For what possible reasons may one country experience a persistently faster rate of economic growth than another?

The estate of Monique Chablis earned $450 of income this year. Is the estate required to file an income tax return?

In 2024, SML Corp. reported taxable income of $100,000 before any NOL deductions. SML has a $170,000 NOL carryover that originated in 2017 and a $90,000 NOL carryover that originated in 2023. What is SML’s 2024 taxable income after the NOL deduction? What NOLs can SML carryover to 2025?

1.    : The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods that people use to achieve them (means). Do you think this is a flaw in the technique or in the way managers apply it? How might you achieve a balanced emphasis on ends and means?

Distinguish between generating and forming when machining workpart geometries.

Solve Problem 20.9 except that the bend radius R = 11.35 mm

Assume that a bank has the following simplified balance sheet, and is operating at its desired liquidity ratio. Liabilities (£m)   Assets (£m) Deposits 100   —— 100   Balances with the central bank Advances 10 90 —— 100            Now assume that the central bank repurchases £5 million of government bonds on the open market. Assume that the people who sell the bonds all have their accounts with this bank.          (a)  Draw up the new balance sheet directly after the purchase of the bonds.          (b)  Now draw up the eventual balance sheet after all credit creation has taken place.          (c)  Would there be a similar effect if the central bank rediscounted £5 billion of Treasury bills?          (d)  How would such open market operations affect the rate of interest?

Commercial banks use some funds to purchase securities and other funds to make loans. Why are the securities more marketable than the loans in the secondary market? (LO3)

(1)   For each of the following citations identify the type of authority (statutory, administrative, or judicial) and explain the citation.   a.       Reg. Sec. 1.111-1(b)

Strategy, balanced scorecard for organisation and employee Mark Hopper owns Dane Champions, a dog kennel that raises champion Great Danes for showing and breeding. His vision is to be the best-known breeder of Great Danes globally. His strategy is to breed and sell dogs from outstanding lineage from the standpoint of both physical health and good-natured temperaments. Following is information about operations over the last year.       Required (a)     Is the entity’s strategy one of cost leadership or product differentiation? Explain. (b)  (i)  Prepare a simple balanced scorecard with one performance measure for            each of the four perspectives for Dane Champions using only the data           presented. Explain your choices           (ii)  Explain how these measures are linked. (c)     Kennel operating costs include the cost of a local high school student who cleans out the kennels every afternoon after school. Mark is considering whether to set up an individual scorecard for the student. He only pays minimum wage, and although the student is fairly slow, the kennels are kept reasonably clean. Mark wonders whether the student would resent being monitored more closely. Describe one reason for using a scorecard with the student and one reason against using it.

If a country specialises in a good in which it has a comparative disadvantage, where will it be producing with respect to its production possibility curve?

Explain why financial markets may be less liquid if companies are not forced to provide accurate financial reports. (LO3)

Lansbury Inc. had the following balance sheet at December 31, 2013.   During 2014, the following occurred. 1. Lansbury Inc. sold part of its investment portfolio for $15,000. This transaction resulted in a gain of $3,400 for the firm. The company classifies its investments as available-for-sale. 2. A tract of land was purchased for $18,000 cash. 3. Long-term notes payable in the amount of $16,000 were retired before maturity by paying $16,000 cash. 4. An additional $20,000 in common stock was issued at par. 5. Dividends of $8,200 were declared and paid to stockholders. 6. Net income for 2014 was $32,000 after allowing for depreciation of $11,000. 7. Land was purchased through the issuance of $30,000 in bonds. 8. At December 31, 2014, Cash was $32,000, Accounts Receivable was $41,600, and Accounts Payable remained at $30,000. Instructions (a) Prepare a statement of cash flows for 2014. (b) Prepare an unclassified balance sheet as it would appear at December 31, 2014. (c) How might the statement of cash flows help the user of the financial statements? Compute two cash flow ratios.

Imagine that you had £10 per month to allocate between two goods, A and B. Imagine that good A cost £2 per unit and good B cost £1 per unit. Imagine also that the utilities of the two goods are those set out in the table. (Note that the two goods are not substitutes for each other, so that the consumption of one does not affect the utility gained from the other.)                Good B   Units per month MU (utils) TU (utils) Units per month MU (utils) TU (utils) 0 –  0.0 0  –  0.0 1 11.0 11.0 1 8.0  8.0 2  8.0 19.0 2 7.0 15.0 3  6.0 25.0 3 6.5 21.5 4  4.5 29.5 4 5.0 26.5 5  3.0 32.5 5 4.5 31.0       6 4.0 35.0       7 3.5 38.5       8 3.0 41.5       9 2.6 44.1       10 2.3 46.4            (a)  What would be the marginal utility ratio (MUa/MUb) for the following combinations of the two goods: (i) 1A, 8B; (ii) 2A, 6B; (iii) 3A, 4B; (iv) 4A, 2B? (Each combination would cost £10.)          (b)  Show that where the marginal utility ratio (MUA/MUB) equals the price ratio (PA/PB) total utility is maximised.          (c)  If the two goods were substitutes for each other why would it not be possible to construct a table like the one given here?