Question & Answer

What are the five steps used to determine the proper time to recognize revenue?

Why might a corporation issue a stock distribution to its shareholders?

What is an electrolyte?

Strategic plans; balanced scorecard measures for not-for-profit entity You have been invited by a classmate to help found a new not-for-profit organisation named Students Care. The organisation’s purpose is to provide scholarship money for children in Africa who have become orphans because of the AIDS epidemic. The organisation will operate only on campus, and the target donors are students. Suppose a wealthy businesswoman has offered to coordinate distribution of the scholarship funds to needy students, but wants to see a business plan for the organisation that describes the organisational vision and lists the core competencies, strategies, and operating plans.   Required (a)     Explain what each item on businesswoman’s list means. For each item, provide a possible example for Students Care. (b)     Consider the perspective of internal business processes. Your classmate wants to measure the number of hours per week that volunteers spend collecting donations, but you believe it should be dollars collected per volunteer hour spent in collection, measured on a weekly basis. Give one advantage and one disadvantage for each measure. (c)     You have had difficulty determining a measure of learning and growth, but a campus association recently organised a series of short workshops on improving student fundraising activities, as well as other aspects of governing student entities. Discuss the advantages and disadvantages of using the number of Students Care volunteers attending workshops as a measure for this perspective. (d)     Outline how the use of a strategy map might have been useful in the balanced scorecard process.

In a weak economy, the Fed commonly implements a stimulative monetary policy to lower interest rates and presumes that firms will be more willing to borrow money. Even if banks are willing to lend such funds, why might such a presumption about the willingness of firms to borrow be wrong? What are the consequences if the presumption is wrong? (LO2)

Why is the ‘withdrawals multiplier’ strictly speaking a negative figure?

Why are particles and flakes members of the same basic class of reinforcing material?

For what reasons might the exchange rate diverge from the purchasing-power parity rate over the longer term?

Could bar charts or pie charts be used for representing time-series data?

During 2014, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would be reported on a statement of cash flows, if at all.

1.              : What would you do now if you were Rankin? How might you awaken more enthusiasm in your team for completing this project on time? Suggest specific steps.

1.    : Should a multinational organization operate as a tightly integrated, worldwide business system, or would it be more effective to let each national subsidiary operate autonomously? Why?

What are the principal methods used to produce metallic powders?

At what amount should trading, available-for-sale, and held-to-maturity securities be reported on thebalance sheet?

What is a polymer?

82. LeBron, Dennis, and Susan formed the Bar T LLC at the beginning of the current year. LeBron and Dennis each contributed $200,000 and Susan transferred several acres of agricultural land she had purchased two years earlier to the LLC. The land had a tax basis of $50,000 and was appraised at $300,000. The land was also encumbered with a $100,000 nonrecourse mortgage (i.e., qualified nonrecourse financing) for which no one was personally liable. The members plan to use the land and cash to begin a cattle-feeding operation. Susan will work full time operating the business, but LeBron and Dennis will devote less than two days per year to the operation. All three members agree to split profits and losses equally. At the end of the first year, Bar T had accumulated $40,000 of accounts payable jointly guaranteed by LeBron and Dennis and had made a $9,000 principal payment on the mortgage. None of the members have passive income from other sources or business income from other sources. LeBron and Dennis are married, while Susan is single. For the first year of operations, the partnership records disclosed the following information: Sales revenue $620,000 Cost of goods sold $380,000 Operating expenses $670,000 Dividends $1,200 Municipal bond interest $300 Salary paid as a guaranteed payment to Susan (not included in expenses) $10,000 Cash distributions split equally among the members at year-end $3,000 a. Compute the tax basis of each member’s interest immediately after the formation of the LLC. b. When does each member’s holding period for his or her LLC interests begin? c. What are Bar T’s tax basis and holding period in its land? d. What is Bar T’s required tax year-end? e. What overall methods of accounting were initially available to Bar T? f. List the separate items of partnership income, gains, losses, deductions, and other items that will be included in each member’s Schedule K-1 for the first year of operations. Use the proposed self-employment tax regulations to determine each member’s self-employment income or loss. g. What are the members’ tax bases in their LLC interests at the end of the first year of operations? h. What are the members’ at-risk amounts in their LLC interests at the end of the first year of operations? i. How much loss from Bar T, if any, will the members be able to deduct on their individual returns from the first year of operations?

Why is a preemptive right important?

Do you think that the Fed should have bailed out large financial institutions during the credit crisis? (LO3)

In Problem 3.3, determine the strength coefficient and the strain-hardening exponent in the flow curve equation. Be sure not to use data after the point at which necking occurred.

Summarise this last paragraph using symbols like those in Figure 1.7.

The y-axis of an x-y positioning table is driven by a stepping motor that is connected to a leadscrew with a 3:1 gear reduction (3 turns of the motor for each turn of the leadscrew). The stepping motor has 72 step angles. The leadscrew has 5 threads per inch and provides an axis range = 30.0 in. There are 16 bits in each binary register used by the controller to store position data for the axis. (a) What is the control resolution of the y-axis? Determine (b) the required rotational speed of the y-axis stepping motor and (c) the corresponding pulse train frequency to drive the table in a straight line from point (x = 20 in, y = 25 in) to point (x = 4.5 in, y = 7.5 in) in exactly 30 sec. Ignore acceleration.

1.       Go to the team and tell them what you’ve been asked to do. If they refuse to support you, threaten to reveal the true numbers to the CEO and board members.

44. Read the following letter and help Shady Slim with his tax situation. Assume that gross income is $172,900 (which consists only of salary) for purposes of this problem.

Why might it make sense for a firm which cannot sell its output at a profit to continue in production for the time being? For how long should the firm continue to produce at a loss?

Explain how the income generated by a mutual fund is taxed when the fund distributes at least 90 percent of its taxable income to shareholders. (LO1)