Question & Answer

: Describe how diversity initiatives such as sponsor relationships, employee resource groups, and coaching programs help create an inclusive climate that values diversity.

List three factors that managers might consider in deciding whether to expend resources to reduce spoilage.

Explain how the credit crisis that began in 2008 affected the default rates of junk bonds and the risk premiums offered on newly issued junk bonds. (LO2)

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2024.  During that time, he earned $44,000 of self-employment income.  On April 1, 2024, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc.  From April through the end of the year, Kyle earned $178,000 in salary.  What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?

Using the information in E20-19, prepare a worksheet inserting January 1, 2014, balances, and showing December 31, 2014, balances. Prepare the journal entry recording postretirement benefit expense.

Explain how the Treasury uses the primary market to obtain adequate funding from the U.S. government. (LO1)

What would be the rate of economic growth if 20 per cent of national income were saved and invested and the marginal capital/output ratio was 5/2?

: Summarize how SWOT analysis can be used to evaluate a company’s strengths, weaknesses, opportunities, and threats.

Assume that as traffic density increases along a given stretch of road, there comes a point when traffic begins to slow down. The following table gives the times taken for a car to travel the stretch of road (in minutes) according to the number of cars entering the road per minute. Cars entering the road 5 6 7 8 9 10 11 Journey time 10 10 11 13 16 22 30 (a)  Copy out the table and add the following rows: (i) total journey time for all cars; (ii) extra journey time as traffic increases by one more car (marginal social time cost); (iii) additional time cost imposed on other road users for each additional car entering the road (marginal external time cost). (See Table 13.3 in the text.) (b)  Assume that time is valued at 10p per minute. On a graph, plot the marginal private time cost (journey time) and the marginal social time cost. (c)  Assume that electronic road pricing is introduced. What charge should be levied when traffic density reaches (i) 6 cars per minute; (ii) 8 cars per minute; (iii) 11 cars per minute? (d)  What additional information would you need in order to work out the socially efficient traffic density on this particular stretch of road?

What is a conceptual framework? Why is a conceptual framework necessary in financial accounting?

How does the change in cross-sectional area of a test specimen in a compression test differ from its counterpart in a tensile test specimen?

Identify some of the details and decisions that are included within the scope of process planning.

Do you think that the U.S. financial system will be able to avoid another credit crisis in the future? (LO5)

Geri has a certificate of deposit at the local bank. The interest on this certificate was credited to their account on December 31 of last year but they didn’t withdraw the interest until January of this year. When is the interest income taxed?

Describe what the AMT exemption is and who is and isn’t allowed to deduct the exemption.  How is it similar to the standard deduction and how is it dissimilar?

Travel Inc. sells tickets for a Caribbean cruise to Carmel Company employees. The total cruise package costs Carmel $70,000 from ShipAway cruise liner. Travel Inc. receives a commission of 6% of the total price. Travel Inc. therefore remits $65,800 to ShipAway. Prepare the entry to record the revenue recognized by Travel Inc. on this transaction.

The following stress and strain values were measured in the plastic region during a tensile test carried out on a new experimental metal: (1) true stress = 43,608 lb/in2 and true strain = 0.27 in/in, and (2) true stress = 52,048 lb/in2 and true strain = 0.85 in/in. Based on these data points, determine the strength coefficient and strain-hardening exponent.

What is tunneling, as referred to in the scanning tunneling microscope?

Explain how the holding of a range of assets in people’s portfolios may help to create a more direct link between changes in money supply and changes in aggregate demand.

1.    : As a manager, how would you use symbols to build an adaptability culture that encourages teamwork and risk taking? What kinds of symbols could you use to promote the values of an involvement culture?

A turning operation uses a cutting speed = 200 m/min, feed = 0.25 mm/rev, and depth of cut = 4.00 mm. The thermal diffusivity of the work material = 20 mm2 /s and the volumetric specific heat = 3.5 (10-3 ) J/mm3 -C. If the temperature increase above ambient temperature (20°F) is measured by a tool-chip thermocouple to be 700°C, determine the specific energy for the work material in this operation.

The differences between the book basis and tax basis of the assets and liabilities of Castle Corporation at the end of 2013 are presented below. Book Basis Tax Basis Accounts receivable $50,000 $–0– Litigation liability 30,000 –0– It is estimated that the litigation liability will be settled in 2014. The difference in accounts receivable will result in taxable amounts of $30,000 in 2014 and $20,000 in 2015. The company has taxable income of $350,000 in 2013 and is expected to have taxable income in each of the following 2 years. Its enacted tax rate is 34% for all years. This is the company’s first year of operations. The operating cycle of the business is 2 years. Instructions (a) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2013. (b) Indicate how deferred income taxes will be reported on the balance sheet at the end of 2013.

1.    : What personal skills do you need to keep your financial backers feeling confident in your new business? Which skills are most useful when you’re dealing with more informal financial sources, such as family and friends, versus receiving funds from stockholders, a bank, or a venture capital firm? Would these considerations affect your financing strategy?

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

List several different sources of information used in job costing, and explain why this information is required.