Question & Answer

There are 18 correct answers in the following multiple choice questions (some questions have more than one correct answer). To achieve a perfect score on the quiz, all correct answers must be given. Each correct answer is worth 1 point. Each omitted answer or wrong answer reduces the total score by 1 point, and each additional answer beyond the correct number of answers reduces the score by 1 point. The percentage score on the quiz is based on the total number of correct answers. 38.1 Nanotechnology refers to the fabrication and application of entities whose feature sizes are in which of the following ranges (one best answer): (a) 0.1 nm-10 nm, (b) 1 nm-100 nm, or (c) 100 nm-1000 nm? 38.2 One nanometer is equivalent to which of the following (two correct answers): (a) 1 x 10-3 μm, (b) 1 x 10-6 m, (c) 1 x 10-9 m, and (d) 1 x 106 mm. 38.3 NNI stands for which one of the following: (a) Nanoscience Naval Institute, (b) Nanoscience Nonsense and Ignorance, (c) National Nanotechnology Initiative, or (d) Nanotechnology News Identification? 38.4 The surface-to-volume ratio of a cube that is 1 x 10-6 m on each edge is significantly greater than the surface-to-volume ratio of a cube that is 1 m on each edge: (a) true or (b) false? 38.5 The proportion of surface molecules relative to internal molecules is significantly greater for a cube that is 1 x 10-6 m on each edge than for a cube that is 1 m on each edge: (a) true or (b) false? 38.6 Which one of the following microscopes can achieve the greatest magnification: (a) electron microscope, (b) optical microscope, or (c) scanning tunneling microscope? 38.7 Which of the following are correct statements about a buckyball (three best answers): (a) it contains 60 atoms, (b) it contains 100 atoms, (c) it contains 600 atoms, (d) it is a carbon atom, (e) it is a carbon molecule, (f) it is shaped like a basketball, (g) it is shaped like a tube, and (h) it is shaped like a volleyball? 38.8 Which of the following are considered techniques that fall within the category called top-down approaches to nanofabrication (three best answers): (a) biological evolution, (b) electron-beam  lithography, (c) micro-imprint lithography, (d) scanning probe techniques, (e) self-assembly, and (f) X-ray lithography? 38.9 Which of the following are considered techniques that fall within the category called bottom-up approaches to nanofabrication (three best answers): (a) electron beam lithography, (b) extreme ultraviolet lithography, (c) chemical vapor deposition to produce carbon nanotubes, (d) nanoimprint lithography, (e) scanning probe techniques, (f) self-assembly, and (g) X-ray lithography? 38.10 Dip-pen nanolithography uses which one of the following techniques and/or devices: (a) atomic force microscope, (b) chemical vapor deposition, (c) electron beam lithography, (d) nano-imprint lithography, or (e) self-assembly? 38.11 A self-assembled monolayer has a thickness that is which one of the following: (a) one micrometer, (b) one millimeter, (c) one molecule, or (d) one nanometer?

As a newly enrolled accounting major, you are anxious to better understand accounting institutions and sources of accounting literature. As a first step, you decide to explore the FASB Conceptual Framework. Instructions Go to the FASB website, http://www.fasb.org, to access the FASB Concepts Statements. When you have accessed the documents, you can use the search tool in your Internet browser to respond to the following items. (Provide paragraph citations.) (a) What is the objective of financial reporting? (b) What other means are there of communicating information, besides financial statements? (c) Indicate some of the users and the information they are most directly concerned with in economic decision-making.

In general terms, identify the similarities and differences between the corporate taxable income formula and the individual taxable income formula.

Indicate whether the following statements about the conceptual framework are true or false. If false, provide a brief explanation supporting your position. (a) Accounting rule-making that relies on a body of concepts will result in useful and consistent pronouncements. (b) General-purpose financial reports are most useful to company insiders in making strategic business decisions. (c) Accounting standards based on individual conceptual frameworks generally will result in consistent and comparable accounting reports. (d) Capital providers are the only users who benefit from general-purpose financial reporting. (e) Accounting reports should be developed so that users without knowledge of economics and business can become informed about the financial results of a company. (f) The objective of financial reporting is the foundation from which the other aspects of the framework logically result.

How does a turret lathe differ from an engine lathe?

How is present value related to the concept of a liability?

{Planning}Tesha works for a company that pays a year-end bonus in January of each defer the bonus income.  Assume Congress recently passed tax legislation that decreases individual tax rates as of next year.  Does this increase or decrease the benefits of the bonus deferral this year?  What if Congress passed legislation that increased tax rates next year?  Should Tesha ask the company to change its policy this year?  What additional information do you need to answer this question?year (instead of December of the preceding year) to allow employees to

1. What does this analysis assume about the price elasticity of demand for the new entrant (a) above PL; (b) below PL? 2. Can you think of any limitations with the limit price model?

Cordero Corporation has an employee share-purchase plan which permits all full-time employees to purchase 10 ordinary shares on the third anniversary of their employment and an additional 15 shares on each subsequent anniversary date. The purchase price is set at the market price on the date purchased less a 10% discount. How is this discount accounted for by Cordero?

As economic conditions change, how do banks adjust their asset portfolio? (LO4)

Komiko Tanaka invests $12,000 in LymaBean, Inc. LymaBean does not pay any dividends.  Komiko projects that her investment will generate a 10 percent before-tax rate of return.  She plans to invest for the long term.   a.   How much cash will Komiko retain, after-taxes, if she holds the investment for 5 years and then she sells it when the long-term capital gains rate is 15 percent? b.   What is Komiko’s after-tax rate of return on her investment in part (a)? c.   How much cash will Komiko retain, after-taxes, if she holds the investment for 5 years and then sells when the long-term capital gains rate is 25 percent? d.   What is Komiko’s after-tax rate of return on her investment in part (c)? e.   How much cash will Komiko retain, aftertaxes, if she holds the investment for 15 years and then she sells when the long-term capital gains rate is 15 percent? f.    What is Komiko’s after-tax rate of return on her investment in part (e)?

Using Figure 1.5 as an example, develop an internal value chain for an airline such as Virgin Australia.

Determine the starting disk diameter required to spin the part in Figure P20.32 using a conventional spinning operation. The starting thickness = 2.4 mm

Distortion (warping) is a serious problem in fusion welding, particularly arc welding. What are some of the techniques that can be taken to reduce the incidence and extent of distortion?

Using the facts from the previous problem, how would your answer change if instead, Duff adopted the cash method of accounting to allow him to better control the timing of his cash receipts and disbursements?

You are compiling the consolidated financial statements for Winsor Corporation International. The corporation’s accountant, Anthony Reese, has provided you with the segment  shown on the next page. Major Segments of Business WCI conducts funeral service and cemetery operations in the United States and Canada. Substantially all revenues of WCI’s major segments of business are from unaffi liated customers. Segment information for fi scal 2015, 2014, and 2013 follows. (thousands) Funeral Floral Cemetery Real Estate Dried Whey Limousine Consolidated Revenues 2015 $302,000 $10,000 $ 73,000 $ 2,000 $7,000 $12,000 $406,000 2014 245,000 6,000 61,000 4,000 4,000 4,000 324,000 2013 208,000 3,000 42,000 3,000 1,000 3,000 260,000 Operating Income 2015 74,000 1,500 18,000 (36,000) 500 2,000 60,000 2014 64,000 200 12,000 (28,000) 200 400 48,800 2013 54,000 150 6,000 (21,000) 100 350 39,600 Capital Expenditures 2015 26,000 1,000 9,000 400 300 1,000 37,700 2014 28,000 2,000 60,000 1,500 100 700 92,300 2013 14,000 25 8,000 600 25 50 22,700 Depreciation and Amortization 2015 13,000 100 2,400 1,400 100 200 17,200 2014 10,000 50 1,400 700 50 100 12,300 2013 8,000 25 1,000 600 25 50 9,700 Identifi able Assets 2015 334,000 1,500 162,000 114,000 500 8,000 620,000 2014 322,000 1,000 144,000 52,000 1,000 6,000 526,000 2013 223,000 500 78,000 34,000 500 3,500 339,500 Instructions Determine which of the above segments must be reported separately and which can be combined under the category “Other.” Then, write a one-page memo to the company’s accountant, Anthony Reese, explaining the following. (a) What segments must be reported separately and what segments can be combined. (b) What criteria you used to determine reportable segments. (c) What major items for each must be disclosed.

There are 14 correct answers in the following multiple choice questions (some questions have multiple answers that are correct). To attain a perfect score on the quiz, all correct answers must be given. Each correct answer is worth 1 point. Each omitted answer or wrong answer reduces the score by 1 point, andeach additional answer beyond the correct number of answers reduces the score by 1 point. Percentage on the quiz is based on the total number of correct answers. 35.1 The second level of packaging refers to which one of the following: (a) component to printed circuit board, (b) IC chip to package, (c) intraconnections on the IC chip, or (d) wiring and cabling connections? 35.2 Surface-mount technology is included within which one of the following levels of packaging: (a) zeroth, (b) first, (c) second, (d) third, or (e) fourth? 35.3 Card-on-board (COB) packaging refers to which one of the following levels in the electronics packaging hierarchy: (a) zeroth, (b) first, (c) second, (d) third, or (e) fourth? 35.4 Which of the following polymeric materials is commonly used as an ingredient in the insulation layer of a printed circuit board (two correct answers): (a) copper, (b) E-glass, (c) epoxy, (d) phenolic, (e) polyethylene, and (f) polypropylene? 35.5 Typical thickness of the copper layer in a printed circuit board is which one of the following: (a) 0.100 inch, (b) 0.010 inch, (c) 0.001 inch, or (d) 0.0001 inch? 35.6 Photolithography is widely used in PCB fabrication. Which of the following is the most common resist type used in the processing of PCBs: (a) negative resists or (b) positive resists? 35.7 Which of the following plating processes has the higher deposition rate in PCB fabrication: (a) electroless plating or (b) electroplating? 35.8 In addition to copper, which one of the following is another common metal plated onto a PCB: (a) aluminum, (b) gold, (c) nickel, or (d) tin? 35.9 Which of the following are the soldering processes used to attach components to printed circuit boards in through-hole technology (two best answers): (a) hand soldering, (b) infrared soldering, (c) reflow soldering, (d) torch soldering, and (e) wave soldering? 35.10 In general, which of the following technologies results in greater problems during rework: (a) surface-mount technology, or (b) through-hole technology? 35.11 Which of the following electrical connection methods produce a separable connection (two correct answers): (a) crimping of terminals, (b) press fitting, (c) soldering, (d) terminal blocks, and (e) sockets?

ROI, EVA, residual income Senior management at Harriot Industries, an Italian-based fashion house and cosmetics company, have been engaged in a debate around the best key financial measure relevant to evaluate the performance of senior executives and divisional managers. Currently, the performance of senior managers and divisional managers is based on return on investment (ROI), which forms the basis of the bonus payments, provided ROI increases are achieved each year.   The main source of tension seems to be that some of the accounting staff are pushing for the use of economic value added (EVA) or, at the very least, residual income (RI) to be used at both the senior executive and divisional levels.   You have been asked to contribute some views. On a recent visit to the head office of Harriot Industries you were able to access details on a printout from a digital whiteboard that represented a discussion about performance measures and a potential investment project in the Logistics Division. Some of this material is provided below.                                                   Required Using the information provided in the table, demonstrate (perhaps including calculations) the key arguments that might be put forward to support the view that the sole use of return on investment (ROI) may be inappropriate, particularly at the divisional level.

Are taxpayers allowed to deduct any from AGI deductions that are not itemized deductions?  Explain.

When we calculate average and effective tax rates, do we consider implicit taxes?  What effect does this have on taxpayers’ perception of equity?

According to the video, what are four possible functions of the electrodes in resistance spot welding?

Hawkins Corporation has the following balances at December 31, 2014. Projected benefi t obligation $2,600,000 Plan assets at fair value 2,000,000 Accumulated OCI (PSC) 1,100,000 How should these balances be reported on Hawkins’s balance sheet at December 31, 2014?

There are 14 correct answers in the following multiple choice questions (some questions have multiple answers that are correct). To attain a perfect score on the quiz, all correct answers must be given. Each correct answer is worth 1 point. Each omitted answer or wrong answer reduces the score by 1 point, and each additional answer beyond the correct number of answers reduces the score by 1 point. Percentage on the quiz is based on the total number of correct answers. 36.1 Microsystem technology includes which of the following (three best answers): (a) LIGA technology, (b) microelectromechanical systems, (c) micromachines, (d) nanotechnology, (e) and precision engineering? 36.2 Which of the following are current applications of microsystem technology in modern automobiles (three best answers): (a) air-bag release sensors, (b) alcohol blood level sensors, (c) driver identification sensors for theft prevention, (d) oil pressure sensors, and (e) temperature sensors for cabin climate control? 36.3 The polymer used to make compact discs (CDs) and digital versatile discs (DVDs) is which one of the following: (a) amino resin, (b) epoxy resin, (c) polyamides, (d) polycarbonate, (e) polyethylene, or (f) polypropylene? 36.4 The most common work material used in microsystem technology is which one of the following: (a) boron, (b) gold, (c) nickel, (d) potassium hydroxide, or (e) silicon? 36.5 The aspect ratio in microsystem technology is best defined by which one of the following: (a) degree of anisotropy in etched features, (b) height-to-width ratio of the fabricated features, (c) height-to-width ratio of the MST device, (d) length-to-width ratio of the fabricated features, or (e) thickness-to-length ratio of the MST device? 36.6 Which of the following forms of radiation have wavelengths shorter than the wavelength of ultraviolet light used in photolithography (two correct answers): (a) electron beam radiation, (b) natural light, and (c) X-ray radiation? 36.7 Bulk micromachining refers to a relatively deep wet etching process into a single-crystal silicon substrate: (a) true or (b) false? 36.8 In the LIGA process, the letters LIGA stand for which one of the following: (a) let it go already, (b) little grinding apparatus, (c) lithographic applications, (d) lithography, electrodeposition, and plastic molding, or (e) lithography, grinding, and alteration? 36.9 Photofabrication is the same process as photolithography. (a) true or (b) false?

What is the difference between favorable and unfavorable book-tax differences?

Oriole Corporation, a privately held company, has one class of voting common stock, of which 1,000 shares are issued and outstanding. The shares are owned as follows:  Larry Byrd400 Paul Byrd (Larry’s son)200 Lady Byrd (Larry’s daughter)200 Cal Rifkin (unrelated)   200   Total1,000   Larry is considering retirement and would like to have the corporation redeem all of his shares for $400,000.