Question & Answer

For a certain metal, the strength coefficient = 700 MPa and strain-hardening exponent = 0.27. Determine the average flow stress that the metal experiences if it is subjected to a stress that is equal to its strength coefficient K.

Consider a life insurance company that needs to ensure that it can make a steady stream of payments over time to beneficiaries of its policyholders. Assume that the compensation for the insurance company’s portfolio managers is tied to the return earned on the investments each year. Write a short essay that explains how the compensation plan might lead to investment strategies that do not serve the needs of the policyholders.

Paul Dobson Stores sell appliances for cash and also on the installment plan. Entries to record cost of sales are made monthly. PAUL DOBSON STORES TRIAL BALANCE DECEMBER 31, 2015 Dr. Cr. Cash $153,000 Installment Accounts Receivable, 2014 56,000 Installment Accounts Receivable, 2015 91,000 Inventory—New Merchandise 123,200 Inventory—Repossessed Merchandise 24,000 Accounts Payable $ 98,500 Deferred Gross Profi t, 2014 45,600 Capital Stock 170,000 Retained Earnings 93,900 Sales Revenue 343,000 Installment Sales 200,000 Cost of Goods Sold 255,000 Cost of Installment Sales 120,000 Loss on Repossession 800 Operating Expenses 128,000 $951,000 $951,000 The accounting department has prepared the following analysis of cash receipts for the year. Cash sales (including repossessed merchandise) $424,000 Installment accounts receivable, 2014 96,000 Installment accounts receivable, 2015 109,000 Other 36,000 Total $665,000 Repossessions recorded during the year are summarized as follows. 2014 Uncollected balance $8,000 Loss on repossession 800 Repossessed merchandise 4,800 Instructions From the trial balance and accompanying information: (a) Compute the rate of gross profit on installment sales for 2014 and 2015. (b) Prepare closing entries as of December 31, 2015, under the installment-sales method of accounting. (c) Prepare an income statement for the year ended December 31, 2015. Include only the realized gross profit in the income statement.

Orthogonal cutting is performed on a metal whose mass specific heat = 1.0 J/g-C, density = 2.9 g/cm3 , and thermal diffusivity = 0.8 cm2 /s. The cutting speed is 4.5 m/s, uncut chip thickness is 0.25 mm, and width of cut is 2.2 mm. The cutting force is measured at 1170 N. Using Cook's equation, determine the cutting temperature if the ambient temperature = 22°C.

What is the purpose of using a coolant in the grinding process?

Adoption of fintech has occasionally resulted in cheaper financial service costs and more accessible financial goods and services. On the other hand, others could counter that adopting fintech comes with a cost because it necessitates owning cutting-edge technology that not everyone can afford. Do you think the financial system will be more inclusive as a result of fintech adoption, or will some marginalized groups still not be able to access those services? (LO1, LO4)

What is the difference between machine welding and automatic welding?

Will the amortization of Discount on Bonds Payable increase or decrease Bond Interest Expense? Explain.

: Explain the difference between intrinsic and extrinsic rewards.

Explain how and why the use of ROI for performance evaluation can cause managers to make decisions that could be harmful to an entity in the long run.

What is the main difference between the press-and-blow and the blow-and-blow shaping processes in glassworking?

What is the difference between a sales tax and a use tax?

On December 31, 2014, Alexander Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2015. On January 21, 2015, the company issued 25,000 ordinary shares for $36 per share, receiving $900,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2015, the proceeds from the share sale, supplemented by an additional $300,000 cash, are used to liquidate the $1,200,000 debt. The December 31, 2014, statement of financial position is authorized for issue on February 23, 2015. Instructions Show how the $1,200,000 of short-term debt should be presented on the December 31, 2014, statement of financial position.

Through November, Cameron has received gross income of $120,000. For December, Cameron is considering whether to accept one more work engagement for the year. Engagement 1 will generate $7,000 of revenue at a cost to Cameron of $3,000, which is deductible for AGI. In contrast, engagement 2 will generate $5,000 of qualified business income (QBI), which is eligible for the 20 percent QBI deduction. Cameron files as a single taxpayer.

‘As volume increases, total cost increases and per-unit cost decreases.’ What type of linear cost function does this describe? Draw a simple graph of this type of cost function.

What is the purpose of a cash flow hedge?

How does creep feed grinding differ from conventional grinding?

What is truing, in reference to grinding wheels?

Internal and external reports Classify the following reports as internal or external. (a)          Operating budget           (b)          Credit reports                             (c)           Financial statements                   (d)          Capital budget                            (e)           Tax returns                                 (f)           Analysis of product mix

Peggy is a rodeo clown, and this year she expended $1,000 on special “funny” clothes and outfits. Peggy would like to deduct the cost of these clothes as work-related because she refuses to wear the clothes unless she is working. Under what circumstances can Peggy deduct the cost of her clown clothes?

Jackie has a corporate client that has recently received a 30 day notice from the IRS with a $100,000 tax assessment.  Her client is considering requesting an appeals conference to contest the assessment.  What factors should Jackie advise her client to consider before requesting an appeals conference?

What function is served by tempering?

1.      : Is a 1-5 grading system by principals and master teachers a valuable part of a feedback control system for teachers? Why?

What is an embossing operation?

Normal and abnormal spoilage Franklin Fabrication produces custom-made security doors and gates. Currently two jobs are in process, 359 and 360. During production of Job 359, the supervisor was on holidays and the employees made several errors in cutting the metal pieces for the two doors in the order. The spoiled metal pieces cost $20 each and had zero scrap value. In addition, an order of five gates that had been manufactured for Job 360 required a fine wire mesh that sometimes tore as it was being mounted. Because a similar wire could be used that was much easier to install, the customer had been warned that costs could run over the bid if any difficulty was encountered in installing the wire. One of the gates was spoiled during the process of installing the wire. The cost of the materials and direct labour for the gate was $150. The gate and metal were hauled to the dump and discarded.   Required (a)          Should the spoilage for Job 359 be categorised as normal or abnormal spoilage? Explain. (b)          Should the spoilage for Job 360 be categorised as normal or abnormal spoilage? Explain. (c)           Prepare spoilage journal entries for both jobs.