Question & Answer

Why do Keynesians argue that, even in the long run, demand-side policies will be still be required if faster growth in aggregate supply is to be achieved?

Explain how robo-advisers differ from their human counterparts. (LO4)

In a turning operation on cast iron, the nose radius on the tool = 1.5 mm, feed = 0.22 mm/rev, and speed = 1.8 m/s. Compute an estimate of the surface roughness for this cut.

What is the indirect effect of a change in accounting principle? Briefly describe the reporting of the indirect effects of a change in accounting principle.

What are the natural tolerance limits?

Why should inventories be included in (a) a statement of financial position and (b) the computation of net income?

What does the accumulated adjustments account represent? How is it adjusted year by year? Can it have a negative balance?

Tina Bailey, a student of intermediate accounting, was heard to remark after a class discussion on segment reporting, “All this is very confusing to me. First we are told that there is merit in presenting the consolidated results, and now we are told that it is better to show segmental results. I wish they would make up their minds.” Evaluate this comment.

Explain why some financial institutions prefer to sell the mortgages they originate. (LO4)

What does the assets/equity ratio of a bank indicate? (LO3)

Describe the method that blockchain technology utilizes to store data. (LO2)

1.       : Assume that you are a frontline manager at a call center. Try to come up with a specific motivational idea that fits into each of the four quadrants in Exhibit 16.2: Positive Extrinsic; Positive Intrinsic; Negative Extrinsic; Negative Intrinsic.

There are 14 correct answers in the following multiple choice questions (some questions have multiple answers that are correct). To attain a perfect score on the quiz, all correct answers must be given. Each correct answer is worth 1 point. Each omitted answer or wrong answer reduces the score by 1 point, and each additional answer beyond the correct number of answers reduces the score by 1 point. Percentage score on the quiz is based on the total number of correct answers 15.1 Which one of the following is the most common polymer type in fiber-reinforced polymer composites: (a) elastomers, (b) thermoplastics, or (c) thermosets? 15.2 Most rubber products are properly classified into which of the following categories (three best answers): (a) elastomer reinforced with carbon black, (b) fiber-reinforced composite, (c) particle-reinforced composite, (d) polymer matrix composite, (e) pure elastomer, and (f) pure polymer? 15.3 Other names for open mold processes include which of the following (two best answers): (a) compression molding, (b) contact lamination, (c) contact molding, (d) filament winding, (e) matched die molding, (f) preform molding, and (g) pultrusion? 15.4 Hand lay-up is classified in which of the following general categories of PMC shaping processes (two best answers): (a) closed mold process, (b) compression molding, (c) contact molding, (d) filament winding, or (e) open mold process? 15.5 A positive mold with a smooth surface will produce a good finish on which surface of the laminated product in the hand lay-up method: (a) inside surface or (b) outside surface? 15.6 A molding operation that uses sheet-molding compound (SMC) is a form of which one of the following: (a) compression molding, (b) contact molding, (c) injection molding, (d) open mold processing, (e) pultrusion, or (f) transfer molding? 15.7 Filament winding involves the use of which one of the following fiber reinforcements: (a) continuous filaments, (b) fabrics, (c) mats, (d) prepregs, (e) short fibers, or (f) woven rovings? 15.8 In filament winding, when the continuous filament is wound around the cylindrical mandrel at a helix angle close to 90°, it is called which of the following (one best answer): (a) bi-axial winding, (b) helical winding, (c) hoop winding, (d) perpendicular winding, (e) polar winding, or (f) radial winding? 15.9 Pultrusion is most similar to which one of the following plastic shaping processes: (a) blow-molding, (b) extrusion, (c) injection molding, or (d) thermoforming? 15.10 Water jet cutting is one of several ways of cutting or trimming uncured or cured FRPs; in the case of cured FRPs, the process is noted for its reduction of dust and noise: (a) true or (b) false?

Explain how cost of goods is treated when a business sells inventory.

Figure 19.5 shows a steep investment demand curve. If the real rate of interest falls from r1 to r2, there is only a small rise in investment from I1 to I2. Now draw a much more elastic I curve passing through point a. Assume that this is the true I curve. Show how the rate of interest could still fall to r2 and investment still only rise to I2 if this curve were to shift.

GAAP requires the statement of cash flows be presented when financial statements are prepared. Instructions (a) Explain the purposes of the statement of cash flows. (b) List and describe the three categories of activities that must be reported in the statement of cash flows. (c) Identify and describe the two methods that are allowed for reporting cash flows from operations. (d) Describe the financial statement presentation of noncash investing and financing transactions. Include in your description an example of a noncash investing and financing transaction.

Discuss the EU ruling that gender may not be used to differentiate insurance premiums. Which insurance markets would be affected by outlawing age ‘discrimination’ in a similar manner? What would be the impact?

What items will decrease a partner’s basis in the partnership interest?

Forda Lumber Company owns a 7,000-acre tract of timber purchased in 2000 at a cost of $1,300 per acre. At the time of purchase, the land was estimated to have a value of $300 per acre without the timber. Forda Lumber Company has not logged this tract since it was purchased. In 2014, Forda had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,000 board feet of timber. In 2014, Forda built 10 miles of roads at a cost of $7,840 per mile. After the roads were completed, Forda logged and sold 3,500 trees containing 850,000 board feet. Instructions (a) Determine the cost of timber sold related to depletion for 2014. (b) If Forda depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2014. (c) If Forda plants five seedlings at a cost of $4 per seedling for each tree cut, how should Forda treat the reforestation?

What are some of the key environmental forces that have the way projects are managed? What has been the effect of these forces on the management of project?

: Explain the differences between management and leadership and why organizations need both types of skills.

1.       : Why is benchmarking an important component of TQM programs? Do you believe a company could have a successful TQM program without using benchmarking? Explain.

Illustrate on a diagram similar to Figure 7.4 what would happen in the long run if price were initially below PL.

Using the facts from the previous problem, how would your answer change if Isabel’s after-tax rate of return were 8 percent?

Explain why the credit crisis affected the ability of financial institutions to access short-term financing in the money markets. (LO1)