Question & Answer

Where can authoritative IFRS related to accounting changes be found?

A direct extrusion operation produces the cross section shown in Figure P19.32(c) from an aluminum billet whose diameter = 150 mm and length = 500 mm. The flow curve parameters for the aluminum are K = 240 MPa and n = 0.16. In the Johnson strain equation, a = 0.8 and b = 1.2. Determine (a) the extrusion ratio, (b) the shape factor, (c) the force required to drive the ram forward during extrusion at the point in the process when the billet length remaining in the container = 400 mm, and (d) the length of the extruded section at the end of the operation if the volume of the butt left in the container is 600,000 mm3

In 2024, Zach is single with no dependents.  He is not claimed as a dependent on another’s return.  All of his income is from salary and he does not have any for AGI deductions.  What is his earned income credit in 2024 in the following alternative scenarios? a. Zach is 29 years old and his AGI is $5,000.

In nine samples of size n = 10, the grand mean of the samples is x = 100 for the characteristic of interest, and the mean of the ranges of the samples is R = 8.5. Determine (a) lower and upper control limits for the x chart and (b) lower and upper control limits for the R chart. (c) Based on the data given, estimate the standard deviation of the process?

Explain how a mortgage company’s degree of exposure to interest rate risk differs from other financial institutions. (LO4)

A stepping motor with 100 step angles is coupled to a leadscrew through a gear reduction of 9:1 (9 rotations of the motor for each rotation of the leadscrew). The leadscrew has 5 threads/in. The worktable driven by the leadscrew must move a distance = 10.00 in at a feed rate of 30.0 in/min. Determine (a) number of pulses required to move the table, and (b) the required motor speed and pulse rate to achieve the desired table speed.

Determine the amount of the late filing and late payment penalties that apply for the following taxpayers.

Is there a compromise between purely discretionary policy and adhering to strict targets?

Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deductions in each of the following situations and explain your solution.

What tax issue arises when a shareholder receives a nontaxable stock distribution?

Determine the bending force required in Problem 20.9 if the bend is to be performed in a V-die with a die opening dimension of 40 mm. The material has a tensile strength of 600 MPa and a shear strength of 430 MPa

On January 1, 2014, Crocker Company issued 10-year, $2,000,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Crocker common stock. Crocker’s net income in 2014 was $300,000, and its tax rate was 40%. The company had 100,000 shares of common stock outstanding throughout 2014. None of the bonds were converted in 2014. Instructions (a) Compute diluted earnings per share for 2014. (b) Compute diluted earnings per share for 2014, assuming the same facts as above, except that $1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Crocker common stock.

Garner Inc. provides the following information related to its postretirement benefits for the year 2014. Accumulated postretirement benefi t obligation at January 1, 2014 $710,000 Actual and expected return on plan assets 34,000 Prior service cost amortization 21,000 Discount rate 10% Service cost 83,000 Instructions Compute postretirement benefit expense for 2014.

Theory If a downward-sloping yield curve is mainly attributed to segmented markets theory, what does that suggest about the demand for and supply of funds in the short-term and long-term maturity markets? (LO3)

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.

What is the primary mineral in glass products?

What is etching used for in PCB fabrication?

In Figure 24.6, which countries’ terms of trade improved in the 2000s?

Matt hired Apex Services to repair his business equipment. On November 1 of this year, Matt paid $2,000 for the repairs that he expects to begin in early March of next year.  a) What amount of the cost of the repairs can Matt deduct this year if he uses the cash method of accounting for his business? b) What amount of the cost of the repairs can Matt deduct this year if he uses the accrual method of accounting for his business? c) What amount of the cost of the repairs can Matt deduct this year if he uses the accrual method, and he expects the repairs to be done by early February? d) What amount of the cost of the repairs can Matt deduct this year if he uses the cash method of accounting, and he expects the repairs to be done by early February?

How is a process operating in statistical control distinguished from one that is not?

Assume that the US economy expands. What will determine the size of the multiplier effect on other countries?

Explain why securities firms have used a high level of financial leverage in the past. How does such leverage affect their expected return and their risk? (LO4)

What implication does the financial instability hypothesis have for the balance sheets of different sectors of the economy?

Which of the following markets do you think are contestable? (a) credit cards; (b) brewing; (c) petrol retailing; (d) insurance services; (e) compact discs?

1. Give two more examples in each category. 2. Would you expect builders and restaurateurs to have the same degree of control over price?