Question & Answer

Why are aluminum and copper alloys unsuitable for use in hot chamber die casting?

Are hysteresis effects likely to be asymmetrical (i.e. of different magnitude) following an economic boom rather than an economic slowdown?

What is the difference between crystalline and noncrystalline structures in materials?

Using the facts from the previous problem, when should Reese pay the bill if she expects her marginal tax rate to be 33 percent next year? 25 percent next year?

Terry Hutchison worked as a self-employed lawyer until two years ago, when he retired.  He used the cash method of accounting in his business for tax purposes.  Five years ago, Terry represented his client ABC Corporation in an antitrust lawsuit against XYZ Corporation.  During that year, Terry paid self-employment taxes on all of his income.  ABC won the lawsuit, but Terry and ABC could not agree on the amount of his earnings.  Finally, this year, the issue got resolved and ABC paid Terry $90,000 for the services he provided five years ago.  Terry plans to include the payment in his gross income, but because he spends most of his time playing golf and absolutely no time working on legal matters, he does not intend to pay self-employment taxes on the income.  Is Terry subject to self-employment taxes on this income?

How does information from the balance sheet help users of the financial statements?

Identify and explain the three types of classifications for investments in debt securities.

Juanita paid $50,000 of interest on a mortgage on her home (loan of $1,000,000 at 5% interest rate to buy the residence in 2018; $1,200,000 original purchase price and value at purchase) and $6,500 of interest on a $100,000 home-equity loan on her home (loan proceeds were used to buy furniture). Juanita’s AGI is $600,000. How much interest expense can Juanita deduct as an itemized deduction?

Illustrate the effect of a fall in demand for an imperfectly competitive firm (a) in the presence of menu costs and (b) in the absence of menu costs?

Shumway Oil uses successful-efforts accounting and also provides full-cost results as well. Under full-cost, Shumway Oil would have reported retained earnings of $42 million and net income of $4 million. Under successfulefforts, retained earnings were $29 million, and net income was $3 million. Explain the difference between full-costing and successful-efforts accounting.

Explain how financial crowding out can reduce the effectiveness of fiscal policy. What determines the magnitude of crowding out?

How does Level 5 leadership differ from the concept of servant leadership? Do you believe that anyone has the potential to become a Level 5 leader? Discuss.

What is an installment sale?  How do the tax laws ensure that taxpayers recognize all the gain they realize on an installment sale?  How is depreciation recapture treated in an installment sale?  Explain the gross profit ratio and how it relates to gains recognized under installment method sales.

Using IS/LM/BP analysis, trace through the effect of (a) a deflationary fiscal policy and (b) a deflationary monetary policy under (i) a fixed exchange rate; (ii) a free-floating exchange rate.

Solve Problem 34.3, only use a wafer size of 257 mm whose processable area has a diameter = 250 mm. What is the percent increase in (a) wafer diameter, (b) processable wafer area, and (c) number of chips, compared to the values in the previous problem?

In what way is the provision of information a public good? Do all the examples above come into the category of public goods? Give some other examples of information which is a public good. (Clue: refer back to the characteristics of public goods in section 12.2 and do not confuse a public good with something merely provided by the government, which could also be provided by the private sector.)

1.    : Describe the benefits of using social media to help a start-up gain traction during the early stages of its life. What are some possible disadvantages of using social media?

A rotational molding operation is to be used to mold a hollow playing ball out of polypropylene. The ball will be 1.25 ft in diameter and its wall thickness should be 3/32 in. What weight of PP powder should be loaded into the mold in order to meet these specifications? The specific gravity of the PP grade is 0.90, and the density of water is 62.4 lb/ft3 .

When the FASB issues new pronouncements, the implementation date is usually 12 months from date of issuance, with early implementation encouraged. Karen Weller, controller, discusses with her financial vice president the need for early implementation of a rule that would result in a fairer presentation of the company’s financial condition and earnings. When the financial vice president determines that early implementation of the rule will adversely affect the reported net income for the year, he discourages Weller from implementing the rule until it is required. Instructions Answer the following questions. (a) What, if any, is the ethical issue involved in this case? (b) Is the financial vice president acting improperly or immorally? (c) What does Weller have to gain by advocacy of early implementation? (d) Which stakeholders might be affected by the decision against early implementation?

A hydraulic forging press is capable of exerting a maximum force = 1,000,000 N. A cylindrical workpart is to be cold upset forged. The starting part has diameter = 30 mm and height = 30 mm. The flow curve of the metal is defined by K = 400 MPa and n = 0.2. Determine the maximum reduction in height to which the part can be compressed with this forging press, if the coefficient of friction = 0.1. Use of a spreadsheet calculator is recommended

Has the problem of adverse regional multiplier effects been made better or worse by the adoption of a single European currency? (This issue is explored in section 26.3.) (Clue: without a single currency, how would the devaluation of the drachma (the former Greek currency) have affected a depressed Greek economy?)

Intangibles have either a limited useful life or an indefinite useful life. How should these two different types of intangibles be amortized?

1.      : Accept the fact you didn’t quite make your sales goal this year. Figure out ways to work smarter next year to increase the odds of achieving your target.

What is truing, in reference to grinding wheels?

Rania has a $68,000 basis in her 50 percent partnership interest in the KD Partnership before receiving a current distribution of $6,000 cash and land with a fair market value of $35,000 and a basis to the partnership of $18,000. a. What are the amount and character of Rania’s recognized gain or loss? b. What is Rania’s basis in the land? c. What is Rania’s remaining basis in her partnership interest?