Question & Answer

Criticise the classical theory that higher government spending will necessarily crowd out private spending.

If production were at a point on the production possibility curve below point S, describe the process whereby market forces would return the economy to point S.

In what way is the Securities and Exchange Commissionconcerned about and supportive of accounting principles and standards?

Is it easier to describe what a capital asset is or what it is not? Explain.

In a complete JW model, what else would cause the JW curve (a) to shift to the right: (b) to shift to the left?

Identify some of the general principles and guidelines that apply specifically to automated assembly.

Is it possible for a taxpayer who pays AMT to have a marginal tax rate higher than the stated AMT rate?  Explain.

2 A bearing of simple geometry is to be pressed out of bronze powders, using a compacting pressure of 207 MPa. The outside diameter = 44 mm, the inside diameter = 22 mm, and the length of the bearing = 25 mm. What is the required press tonnage to perform this operation?

What are the implications of Regulation FD? (LO4)

Aluminum has a density of 2.70 g/cm3 at room temperature (20°C). Determine its density at 650°C, using data in Table 4.1 as a reference.

What are the potential implications for future aggregate living standards of ‘super-hysteresis’ compared with ‘hysteresis’ following the COVID-19 pandemic?

What is the Guerin process?

A slab milling operation is performed on the top surface of a steel rectangular workpiece 12.0 in long by 2.5 in wide. The helical milling cutter, which has a 3.0 in diameter and ten teeth, is set up to overhang the width of the part on both sides. Cutting speed is 125 ft/min, feed is 0.006 in/tooth, and depth of cut = 0.300 in. Determine (a) the actual machining time to make one pass across the surface and (b) the maximum metal removal rate during the cut. (c) If an additional approach distance of 0.5 in is provided at the beginning of the pass (before cutting begins), and an overtravel distance is provided at the end of the pass equal to the cutter radius plus 0.5 in, what is the duration of the feed motion

How should changes in the estimated unguaranteed residual value be handled by the lessor?

How do two taxpayers determine who has priority to claim a person as a dependent if the person is a qualifying child of both taxpayers when neither

You are the vice president of finance of Sandy Alomar Corporation, a retail company that prepared two different schedules of gross margin for the first quarter ended March 31, 2014. These schedules appear below. Sales Cost of Gross ($5 per unit) Goods Sold Margin Schedule 1 $150,000 $124,900 $25,100 Schedule 2 150,000 129,400 20,600 The computation of cost of goods sold in each schedule is based on the following data. Cost Total Units per Unit Cost Beginning inventory, January 1 10,000 $4.00 $40,000 Purchase, January 10 8,000 4.20 33,600 Purchase, January 30 6,000 4.25 25,500 Purchase, February 11 9,000 4.30 38,700 Purchase, March 17 11,000 4.40 48,400 Jane Torville, the president of the corporation, cannot understand how two different gross margins can be computed from the same set of data. As the vice president of finance, you have explained to Ms. Torville that the two schedules are based on different assumptions concerning the flow of inventory costs, i.e., FIFO and LIFO. Schedules 1 and 2 were not necessarily prepared in this sequence of cost flow assumptions. Instructions Prepare two separate schedules computing cost of goods sold and supporting schedules showing the composition of the ending inventory under both cost flow assumptions.

In terms of the broad definition of money, would a deposit account passbook count as money?

You assemble the following information for Seneca Department Store, which computes its inventory under the dollar-value LIFO method. Cost Retail Inventory on January 1, 2014 $216,000 $300,000 Purchases 364,800 480,000 Increase in price level for year 9% Instructions Compute the cost of the inventory on December 31, 2014, assuming that the inventory at retail is (a) $294,300 and (b) $365,150.

According to the video on composites, list the primary purpose of the matrix and the reinforcement in a composite.

In what order are the loss limitation rules applied to limit partners’ losses from partnerships?

Repeat the analysis undertaken in Figure 20.5 to consider the possible subsequent effects following a period of demand-pull deflation.

1.       : Studies have suggested that extroverts contribute less to teams and are poor listeners, yet other studies suggest that they are more likely to earn six-figure incomes. Discuss why you think this might be the case.

1.      : Don’t make the donation, but investigate whether any other ways are available to help Northeast High raise the funds that would allow them to purchase the much-needed educational software.

(Threshold Concept 2) 1. Would you ever swap things with friends if both of you did not gain? Explain your answer. (Threshold Concept 2) 2. Give one or two examples of involuntary (i.e. compulsory) economic interaction where one side gains but the other loses. (Threshold Concept 3) 1. If global warming affects all of us adversely, why in a purely market economy would individuals and firms continue with activities that contribute towards global warming? (Threshold Concept 3) 2. In what ways do your own consumption patterns adversely affect other people?

Why do developed countries experience a degree of convergence over time? Would you expect there to be total convergence of GDP per head?