Question & Answer

Go through each of the determinants of consumption that were listed in the previous section and consider how they will affect saving. Are there any determinants of consumption in that list which will not cause savings to rise if consumption is caused to fall?

Distinguish between publicly provided goods, public goods and merit goods.

Describe four personal decision styles used by managers.

The following information is available for the pension plan of Radcliffe Company for the year 2014. Actual and expected return on plan assets $ 15,000 Benefi ts paid to retirees 40,000 Contributions (funding) 90,000 Interest/discount rate 10% Prior service cost amortization 8,000 Projected benefi t obligation, January 1, 2014 500,000 Service cost 60,000 Instructions (a) Compute pension expense for the year 2014. (b) Prepare the journal entry to record pension expense and the employer’s contribution to the pension plan in 2014.

What is the difference between a closed-loop control system and an open-loop control system?

1.       : In zero-based budgeting, every account starts at $0, and every dollar added to the budget is supported by an actual, documented need. Identify the possible advantages of zero-based budgeting.

What is an alloy?

What is the difference between a positive mold and a negative mold in thermoforming?

Compare the minimum distribution requirements for traditional IRAs to those of Roth IRAs.

What are the risks of investing in stocks in emerging markets? (LO7)

Describe some of the fintech innovations in the financial markets. (LO5)

Explain how the expected interest rate in 1 year depends on your expectation of economic growth and inflation. (LO2)

Moon Hardware is planning to factor some of its receivables. The cash received will be used to pay for inventory purchases. The factor has indicated that it will require recourse” on the sold receivables. Explain to the controller of Moon Hardware what “recourse” is and how the recourse will be reflected in Moon’s financial statements after the sale of the receivables.

Choose two industries that you believe are very different. Identify factors used in those industries that in the short run are (i) fixed; (ii) variable.

: Explain the difference between intrinsic and extrinsic rewards.

According to the die casting video, what materials are most common for die-casting dies?

Describe the open-market operations necessary to sterilise the monetary effects of a balance of payments surplus. Would this in turn have any effect on the current or financial accounts of the balance of payments?

In Problem 21.18, compute the lathe power requirements if feed = 0.50 mm/rev

Pistons Inc. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation’s capital stock. May 2 Cash 192,000 Capital Stock 192,000 (Issued 12,000 shares of $5 par value common stock at $16 per share) 10 Cash 600,000 Capital Stock 600,000 (Issued 10,000 shares of $30 par value preferred stock at $60 per share) May 15 Capital Stock 15,000 Cash 15,000 (Purchased 1,000 shares of common stock for the treasury at $15 per share) 31 Cash 8,500 Capital Stock 5,000 Gain on Sale of Stock 3,500 (Sold 500 shares of treasury stock at $17 per share) Instructions On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions.

Which is easier – for managers to make decisions that maximise profits or for consumers to make decisions that maximise their utility? Discuss some of the arguments in favour of each case

Continuous tubing is produced in a plastic extrusion operation through a die orifice whose outside diameter = 2.0 in and inside diameter = 1.5 in. The extruder barrel diameter = 5.0 in and length = 12 ft. The screw rotates at 50 rev/min; it has a channel depth = 0.30 in and flight angle = 16°. The head pressure has a value of 350 lb/in2 and the viscosity of the polymer melt is 90 x 10-4 lb-sec/in2 . Under these conditions, what is the production rate in length of tube/min, given that the die swell ratio is 1.25.

1.       : Describe the advantages of using a balanced scorecard to measure and control organizational performance. Suppose that you created a balanced scorecard for a Walmart Neighborhood Market. Which specific customer service measures would you include?

Seaver Company uses the installment-sales method in accounting for its installment sales. On January 1, 2014, Seaver Company had an installment account receivable from Jan Noble with a balance of $1,800. During 2014, $500 was collected from Noble. When no further collection could be made, the merchandise sold to Noble was repossessed. The merchandise had a fair value of $650 after the company spent $60 for reconditioning of the merchandise. The merchandise was originally sold with a gross profit rate of 30%. Instructions Prepare the entries on the books of Seaver Company to record all transactions related to Noble during 2014. (Ignore interest charges.)

Describe how to determine the basis a partner has in distributed assets in cases in which a partnership distributes only money, inventory, and/or unrealized receivables in a liquidating distribution.

On January 1, year 1, ABC Inc. issued 5,000 stock options with an estimated value of $10 per option. Each option entitles the owner to purchase one share of ABC stock for $25 a share (the per-share price of ABC stock on January 1, year 1). Assume the options vest on December 31, year 1, and that all 5,000 stock options were exercised on the vesting date when the stock was valued at $31 per share. Identify ABC’s tax deduction and book-tax difference associated with the stock options under the following alternative scenarios: