acct 304 week 2 quiz perfect a+ answer

ACCT 304 Week 2 Quiz Perfect A+ Answer

ACCT 304 Week 2 Quiz Perfect A+ Answer

1. (TCO 4) Current assets include cash and all other assets expected to become cash or be consumed

2. (TCO 4) Rent collected in advance is

3. (TCO 4) Janson Corporation Co.s trial balance included the following account balances at December 31, 2011:What amount should be included in the current liability section of Jansons December 31, 2011 balance sheet?

4. (TCO 4) Which of the following would be disclosed in the summary of significant accounting policies disclosure note?

5. (TCO 4) Below is the partial balance sheet ($ in thousands) for Paisano Seafood Inc.

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ACCT 212 Financial Accounting Final Exam Answer



1. (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Income Tax Expense in the form of a journal entry (10 points). (Points : 20)

2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain which financial reports can be generated (10 points) and (2) provide an example of information that those financial reports would provide. (10 points) (Points : 20)

3. (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how comparisons and compliance monitoring can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented (10 points). (Points : 20)

4. (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Cost of Goods Sold (COGS). (10 points) (Points : 20)

5. (TCO 1) To evaluate the financial operation and health of a business, ratio analysis is used. (1) Provide the formula for Accounts Receivable Turnover and explain how it is computed (10 points) and (2) provide an example of how this ratio can be used in decision-making in business. (10 points) (Points : 20)

6. (TCO 6) Depreciation is a process to allocate the cost of long-life assets to each periods income statement and adjusts the value of the asset on the balance sheet. (1) Explain how the straight-line method is computed (10 points) and (2) provide an example of how this method could be used on a new delivery truck purchased for $25,000 to be used for 4 years with a salvage value of $0 for year one only. (15 points) (Points : 25) 2-

7. (TCO 6) To raise capital, companies might sell bonds. This allows them to bypass lenders such as banks and go directly to the investing public. Your company is planning to sell bonds with a face amount of $10,000 and paying 5% annual interest. (1) The day the bonds hit the market, the bond price is quoted at 101.5. What is the bonds selling price? (10 points) and (2) how does the company record this sale in its accounting information system? Use journal entries to support your answer. (15 points) (Points : 25) 3-

8. (TCO 1) Financial statement analysis is used by investors, creditors, and managers of business to evaluate the operation and health of the business. This information is in part the basis for decision-making. (1) Identify ratios used to evaluate the profitability of a company (10 points) and (2) provide an example of how the results of this analysis could be used to make business decisions. (15 points) (Points : 25) 1-

9. (TCO 7) There are three different forms of business; sole-proprietor, partnership, and corporation. (1) Explain why a corporations government regulations may be a disadvantage (10 points) and (2) as a stockholder explain why a stockholder would want to own preferred stock. (15 points) (Points : 25) 2-

10. (TCO 4) Inventory valuation methods allow management to select a method that best fits their business model. Given the following data, what is the value of the cost of goods sold as determined by the First in First out (FIFO) method? Show all computations. (25 points) Sales revenue 300 units at $15 per unit Purchases 240 units at $10 per unit Beginning inventory 120 units at $8 per unit 3-

11. (TCO 5) Most businesses extend credit to other businesses as a way of increasing sales. The risk is that some of the accounts may not pay the amount due. In these cases, we have to account for uncollectible receivables. (1) Explain how the percent-of -sales method works (10 points) and (2) provide an example of a journal entry that would adjust accounts for the loss.

1. (TCO 6) BagODonuts Company bought a used delivery truck on January 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000 miles). BagODonuts accountant estimated that the trucks residual value would be $2,400 at the end of its useful life. The truck traveled 8,000 miles the first year, 8,500 miles the second year, 5,500 miles the third year, and 8,000 miles in the fourth year.

1. Calculate depreciation expense for the truck for each year (2010-2013) using the:a. Straight-line method.b. Double-declining balance method.c. Units of Production method.(For units-of-production and double-declining balance, round to the nearest two decimals after each step of the calculation.)2. Which method best tracks the wear and tear on the van?3. Which method would BagODonuts prefer to use for income tax purposes? Explain in detail why BagODonuts prefers this method. (Points : 25)

A. 6400B. 16800C.

2. (TCO 7) ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized the following capital stock:Preferred Stock: 7%, par value $100 per share, 100,000 shares.Common Stock: $1 par value, 500,000 shares.

The following transactions occurred during the year:

1/19/12 Issued 100,000 shares of common stock for $17 cash per share.1/31/12 Issued 3,000 shares of preferred stock for $115 cash per share.11/1/12 Repurchased 30,000 shares of common stock for $22 cash per share.12/1/12 Declared and paid a total dividend of $95,000.

Required:1. Prepare the journal entry for each transaction listed above.2. In your own words, explain the main differences between common and preferred stock.(Points : 25)

3. (TCO 5) Fraud is an intentional misrepresentation of facts, made for the purpose of persuading another party to act in a way that causes injury or damage to that party. In our readings and discussions we have seen several examples of fraud in business. Using that experience (1) provide an example of a common fraudulent practice in business with an explanation of how the practice works and (2) name and describe each of the elements of the Fraud Triangle.(Points : 25)

4. (TCO 5) Internal Control Procedures are in place to protect the assets of every business as mentioned in the textbook and our discussions. Of the seven internal control procedures, list five of these controls and describe how each procedure is implemented (Points : 25)

5. (TCO2) Below are the accounts of Super Pool Service, Inc. The accounts have normal balances on June 30, 2012. The accounts are listed in no particular order.

Account BalanceCommon stock $5,100Accounts payable $4,400Service revenue $17,100Land $28,800Note payable $9,500Cash $5,200Dividends $6,100Utilities expense $2,100Accounts receivable $10,600Delivery expense $700Retained earnings $25,600Salary expense $8,200

Prepare the companys trial balance as of June 30, 2012, listing accounts in proper sequence, as illustrated in the chapter. For example, Accounts Receivable comes before Land. List the expense with the largest balance first, the expense with the next largest balance second, and so on.

6.(TCO4) Lindas Lampshades started business on Jan. 1, 2001. They had the following inventory transactions:Journals Jan. 2001PurchasesSupplier Date Received Quantity Unit Cost AmountDonna 01/10/01 110 12.00 1320.00Thomas 01/15/01 160 14.00 2240.00Cindy 01/18/01 150 15.00 2250.00SalesCustomer Date shipped Quantity Sel. Price AmountNorilene 01/16/01 200 25.00 5000.00

1. Calculate the ending inventory, using the perpetual inventory method:

A. Using FIFO

B. Using LIFOC. Using Average Cost2. Prepare the following statement

UsingFIFO LIFO Average CostSalesCost of SalesGross Profit(Points : 25)

7. Depreciation is a process to allocate the cost of long-life assets to each periods income statement and adjusts the value of the asset on the balance sheet. (1) Explain how the Units-of-Production method is computed (10 points) and (2) provide an example of how this method could be used on a new delivery truck purchased for $25,000 to be used for 100,000 miles with a salvage value of $5,000 for year one only (25,000 miles driven in year one)

Set 2:

1. (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Income Tax Expense in the form of a journal entry.

2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain which financial reports can be generated (10 points) and (2) provide an example of information that those financial reports would provide. (10 points) (Points : 20)

3. (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how comparisons and compliance monitoring can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented (10 points). (Points : 20)

4. (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Cost of Goods Sold (COGS). (10 points) (Points : 20)

5. (TCO 1) To evaluate the financial operation and health of a business, ratio analysis is used. (1) Provide the formula for Accounts Receivable Turnover and explain how it is computed (10 points) and (2) provide an example of how this ratio can be used in decision-making in business. (10 points) (Points : 20)

6. (TCO 6) Depreciation is a process to allocate the cost of long-life assets to each periods income statement and adjusts the value of the asset on the balance sheet. (1) Explain how the straight-line method is computed (10 points) and (2) provide an example of how this method could be used on a new delivery truck purchased for $25,000 to be used for 4 years with a salvage value of $0 for year one only. (15 points) (Points : 25)

7. (TCO 6) To raise capital, companies might sell bonds. This allows them to bypass lenders such as banks and go directly to the investing public. Your company is planning to sell bonds with a face amount of $10,000 and paying 5% annual interest. (1) The day the bonds hit the market, the bond price is quoted at 101.5. What is the bonds selling price? (10 points) and (2) how does the company record this sale in its accounting information system? Use journal entries to support your answer. (15 points) (Points : 25)

8. (TCO 1) Financial statement analysis is used by investors, creditors, and managers of business to evaluate the operation and health of the business. This information is in part the basis for decision-making. (1) Identify ratios used to evaluate the profitability of a company (10 points) and (2) provide an example of how the results of this analysis could be used to make business decisions. (15 points) (Points : 25)

9. (TCO 7) There are three different forms of business; sole-proprietor, partnership, and corporation. (1) Explain why a corporations government regulations may be a disadvantage (10 points) and (2) as a stockholder explain why a stockholder would want to own preferred stock. (15 points) (Points : 25)

10. (TCO 4) Inventory valuation methods allow management to select a method that best fits their business model. Given the following data, what is the value of the cost of goods sold as determined by the First in First out (FIFO) method? Show all computations. (25 points) Sales revenue 300 units at $15 per unit Purchases 240 units at $10 per unit Beginning inventory 120 units at $8 per unit.

11. (TCO 5) Most businesses extend credit to other businesses as a way of increasing sales. The risk is that some of the accounts may not pay the amount due. In these cases, we have to account for uncollectible receivables. (1) Explain how the percent-of -sales method works (10 points) and (2) provide an example of a journal entry that would adjust accounts for the loss.

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GM 588 Week 8 Final Exam Complete Answer



GM 588 Week 8 Final Exam Complete Answers

(TCO E) Suggested reasons why many customer satisfaction efforts fail include all of the following EXCEPT:

(TCO D) The Six-Sigma problem solving approach contains the phases of:

(TCO C) Terms such as kanban, single minute exchange of dies, and visual controls are most closely associated with:

(TCO C) Poka-yoke focuses on two aspects:

(TCO B) _____ measures are generally tracked by senior leadership to gauge overall organizational performance.

(TCO I) The cost of purchasing copies of a textbook on quality for employees as part of their training program in process improvement methods is considered:

TCO A) Which of the following is NOT a characteristic of a Six Sigma project?

(TCO B) A set of financial, market, operational, and employee performance measures for management review and use is an example of:

(TCO D) The Baldrige Award criteria, as a tool for self-assessment:

(TCO H) Focusing on how to maintain improvements occurs in which DMAIC phase?

(TCO B) Explain why it is difficult to obtain a single, universal definition of quality. Be specific in your response.

(TCO I) What criterion is used to classify a failure cost as internal versus external? Give three examples of an internal failure cost and three examples of an external failure cost.

(TCO I) What criterion is used to classify a failure cost as internal versus external? Give three examples of an internal failure cost and three examples of an external failure cost.

(TCO F) Explain in detail why change is necessary in organizations. Describe the effects that change can have on quality management with respect to employee commitment and quality levels.

(TCO H) Describe the six basic steps required to build the House of Quality. Describe, in general, where in the House are customer and technical requirements located. Also explain why it is important that each area of the House is linked with the others.

(TCO H) Describe the six basic steps required to build the House of Quality. Describe, in general, where in the House are customer and technical requirements located. Also explain why it is important that each area of the House is linked with the others.

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ECON 545 Business Economics Course Week 8 Final Exam All Sets A+ Answer

ECON 545 Business Economics Course Week 8 Final Exam All Sets Answer

Set 1

1. Question :(TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.

(a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?

Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.

(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production increase. What new decisions will you make regarding production levels and pricing for your Widget facility?(TCO B) Here is some data on the demand for marshmallows:

Price Quantity$10 100$ 8 300$ 6 700$ 4 1300$ 2 2200

(a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do you know?

(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what is that firms marginal revenue as it increases output from 1300 units to 2200 units? Show all work. (Be careful here!)3. Question : (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.Total TotalWorkers Labor Cost Output Revenue1 $500 100 $7002 1000 280 11503 1500 440 14404 2000 540 15705 2500 600 16706 3000 630 17107 3500 640 1730

(a.) (6 points) What is the marginal product of the second worker?

(b.) (6 points) What is the marginal revenue product of the fourth worker?

(c.) (6 points) What is the marginal cost of the first worker?

(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.

4. Question : (TCO C) Answer the next questions on the basis of the following cost data for a firm in pure competition:

OUTPUT TFC - TVC0 $100.00 0.001 100.00 70.002 100.00 120.003 100.00 150.004 100.00 200.005 100.00 270.006 100.00 360.00

(a.) (15 points) Refer to the above data. If the product price is $45 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $75 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

5. Question : (TCO D) A software producer has fixed costs of $18,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below:

Q TVC Price1,000 $15,000 $252,000 20,000 243,000 30,000 234,000 50,000 225,000 80,000 20(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work).

(b.) (15 points) What should be the production level if fixed costs rose to $48,000 per month? Explain.6. Question : (TCO F)

(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2001, the real GDP rose by what percent?

(b.) Use the following scenario to answer questions (b1) and (b2).In a given year in the United States, the total number of residents is 270 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 10 million.

(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?

(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?7. Question : (TCO G and H)

(a.) (15 points) Suppose your local Congress representative suggests that the federal government intervenes in the gasoline market to stop runaway price increases. Would you say that this view basically supports the Keynesian or the Monetarist school of thought? Why? What position would the opposing school of thought take on this issue? (Be brief you can answer this in 2 or 3 brief paragraphs).

(b.) (10 points) Any change in the economys total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.

(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $20 billion.

8. Question : (TCO G)(a.) (20 points) Third National Bank is fully loaned up with reserves of $20,000 and demand deposits equal to $100,000. The reserve ratio is 20%. Households deposit $5,000 in currency into the bank. How much excess reserves does the bank now have, and what is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.

(b.) (20 points) What is the discount rate in the banking system? Explain how the Fed manipulates this rate to achieve macroeconomic objectives.9. Question : (TCO E and I) Let the exchange rate be defined as the number of dollars per British pound. Assume there is a decrease in U.S. interest rates relative to that of Britain.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the pound?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Great Britain? Illustrate by showing the price of a U.S. cell phone in Britain before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Britain, and U.S. interest rates fell as they have in this example, would you plan to expand production or cut back? Why?

Set 1 Additional Questions:

Question 2. (TCO B) Suppose the governor of California has proposed increasing toll rates on Californias toll roads, and has presented two possible scenarios to implement these increases. Following are projected data for the two scenarios for the California toll roads:Scenario 1: Toll rate in 2012: $10.00. Toll rate in 2016: $22.50For every 100 cars using the toll roads in 2012, only 81.6 cars will use the toll roads in 2016.Scenario 2:Toll rate in 2012: $10.00. Toll rate in 2016: $17.50For every 100 cars using the toll roads in 2012, only 96.2 cars will use the toll roads in 2016.a. Using the midpoint formula, calculate the price elasticity of demand for Scenario 1 and Scenario 2. (10 points)b. Assume 10,000 cars use California toll roads every day in 2012. What would be the daily total revenue received for each scenario in 2012 and in 2016? (6 points)c. Is demand under Scenario 1 and under Scenario 2 price elastic, inelastic, or unit elastic. Briefly explain. (4 points)(Points : 30)

Question 3. 3. (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.Total TotalWorkers Labor Cost Output Revenue1 $500 100 $7002 1000 280 11503 1500 440 14404 2000 540 15705 2500 600 16706 3000 630 17107 3500 640 1730




(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.(Points : 30)

Question 4. 4. (TCO C) Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition:

OUTPUT TFC - TVC0 $500.00 0.001 500.00 70.002 500.00 130.003 500.00 170.004 500.00 200.005 500.00 300.006 500.00 510.00

(a.) (15 points) Refer to the above data. If the product price is $185 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $200 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. (Points : 30)

Question 5. 5. (TCO D) A software producer has fixed costs of $20,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below. Complete the table (TC, MC, TR, and MR), then answer Parts A and B.

Q TVC Price2,000 $5,000 $254,000 7,000 226,000 18,000 208,000 33,000 1010,000 50,000 1(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work.)(b.) (15 points) What should be the production level if fixed costs rose to $70,000 per month? Explain.(Points : 30)

Question 6. 6. (TCO F)




(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year? (Points : 30)

Question 7. 7. (TCO G and H)

(a.) (15 points) What are the arguments for and against the use of fiscal policy to fight inflation, lower unemployment, and raise GDP (Keynesian and Monetarist)?


(c.) (15 points) You are told that 80 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $10 billion. (Points : 40)

Question 8. 8. (TCO G)

(a.) Reserve requirement for banks is set at 5%. Your firm withdraws $42,000 on its line of credit at the Security Bank to purchase equipment for expansion. The equipment vendor deposits the amount that he receives from you at his bank, The Highland Bank.

(10 points) By how much has each banks excess reserves changed as a result of your withdrawal and expenditure?

(10 points) What is the maximum amount of new money that can be created in the banking system as a result of your purchase? Show all work.

(b.) (10 points) Suppose that the Security Bank discovers its reserves will temporarily fall slightly short of those legally required. How might it remedy this situation through the Federal Funds market?

(10 points) Explain how the Fed manipulates the Federal Funds Rate in order to achieve macroeconomic objectives.(Points : 40)

Question 9. 9. (TCO E and I) Let the exchange rate be defined as the number of dollars per Japanese yen. Assume that there is a decrease in U.S. interest rates relative to that of Japan.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Japan, and U.S. interest rates fell as they have in this example, would you plan to expand production or cut back? Why? (Points : 40)

Set 2

1. (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.

(a.) (15 points) You know from data collected on the Widget Market that market demand has recently increased and market supply has recently decreased. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?

Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.

(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production decrease. What new decisions will you make regarding production levels and pricing for your Widget facility? (Points : 30)

2. (TCO B) Here is some data on the demand for lettuce:

Price Quantity$10 100$ 8 120$ 6 140$ 4 160$ 2 180

(a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do you know?

(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what is that firms marginal revenue as it increases output from 160 units to 180 units? Show all work. (Be careful here!) (Points : 30). (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.

Total TotalWorkers Labor Cost Output Revenue1 $200 50 $3502 400 140 6753 600 220 11204 800 270 15705 1000 300 18656 1200 315 20707 1400 320 2170




(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer. (Points : 30)4. (TCO C) John operates a small business out of his home and has very little in terms of fixed costs. Answer the next questions (Parts A and B) on the basis of the following cost data for Johns firm operating in pure competition:

OUTPUT TFC - TVC0 $30.00 0.001 30.00 70.002 30.00 120.003 30.00 150.004 30.00 200.005 30.00 270.006 30.00 360.00

(a.) (15 points) Refer to the above data. If the product price is $60, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $55 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. (Points : 30)5. (TCO D) A software producer has fixed costs of $30,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below:

Q TVC Price3,000 $ 5,000 $513,000 25,000 423,000 50,000 333,000 80,000 243,000 120,000 1(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work.)(b.) (15 points) What should be the production level if fixed costs rose to $50,000 per month? Explain.6. (TCO F)




(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year? (Points : 30)7. (TCO G and H)

(a.) (15 points) Suppose your local Congress representative suggests that the federal government intervenes in the gasoline market to stop runaway price increases. Would you say that this view basically supports the Keynesian or the Monetarist school of thought? Why? What position would the opposing school of thought take on this issue? (Be brief you can answer this in 2 or 3 brief paragraphs).


(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $20 billion.(Points : 40)8. (TCO G)

(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits of $28,000 into the Third National Bank.

(10 points) How much excess reserve does your deposit generate for the bank?

(10 points) What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.

(b.) (10 points) What is the Federal Funds Rate in the banking system?

(10 points) Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives. (Points : 40)

9. (TCOs E and I) Let the exchange rate be defined as the number of dollars per Japanese yen. Assume that there is a relatively lower rate of inflation in the U.S. relative to that of Japan.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Japan, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why? (Points : 40)

Set 3

1. Suppose you are hired to manage a samll manufacturing facility that produces widgetsA. You know form data collected on the widget marekt that the market demand has recently increased and mareket supply has recently decreased. As manager of the facility, what decison should you make regarding production levels and pricing for you wideget facility?Remember that supply and deman are about the makert supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that marketB. Now suppose that follwing the supply and demand changes in (a) a subsitute good goes up in price, and your cost of product decrease. What decisons will you make regarding production levels and pricing for your widget facility?

2. Here is data on the demand for lettucePrice Quantity10$ 1008$ 1206$ 1404$ 1602$ 180A. Is demand elastic or inelastic in the 6-8$ price range? How do you know?

(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what is that firms marginal revenue as it increases output from 160 units to 180 units? Show all work. (Be careful here!) (Points : 30)3.A Suppose nominal GDP in 1999 was 100billion and in 2001 it was 260billion. The general price index in 199 was 100, and in 2001 it was 180. Between 1999 and 2001, the real GDP rose by what present?

4. Suppose your local congress representive suggest that the federal government intervenes in the gasonline market to stop runaway price increases. Would you say that this view bsically supports the Keynesin or Monetarist school of thought? Why? What postion would the opposting school of though tke on this issue?b. Any change in the economys total expenditures would be expected to translate into change in GDP that was larger than the initial change in spending. This phenomenon os known as the multiplier effect. Explain the multipler effect works.

c. you are told that 90 cents our of every extra dollar pumpled into the econoomy goes toward consumption (as opposed to saving) Estimate the GDP impact of positive change in govenment spending that equals 20 billion.

5. Reserve requirment for banks is set at 5%. Your firm depositis it profits of 28,000 inot the Third National Bank.A. How much excess reserve does your deposit generate for the bank?What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all workB. What is the federal funds rate in the banking system?Explain how the fed manipulates this rate in order to achieve macroeonmic objectives?6. Let the exchange rate be defined as the number of dollars per Japanese yen. Assume there is a increase in U.S interest ratres relative to that of Japan.A. Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?b.) Has the dollar appreciatred or depreciated in value relative to the yen?c.) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S goods in Japan? Illustrate by showing the price of a U.S e reader in japan before and after the change in the exchange rate.

d.) If you had a business exporting good to japan, and u.s interest rate rose as they have in this example, would you plan to expand production or cut back? Why

1. A software producer has fixed cost of 20,000 per month and her total variable costs TVC as a function fo output Q are given below. Complete the table (TC, MC, TR, and MR)Q TVC Price2,000 5,000 254,000 7,000 226,000 18,000 208,000 33,000 1010,000 50,000 1A. If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic cometitive market whre the price of software at each possible quantity is also listed above? Why? (show work)

B. What should be the production level if fixed cost rose to 70,000 per month? Explain

1. A software producer has fixed cost of 20,000 per month and her total variable costs TVC as a function fo output Q are given below. Complete the table (TC, MC, TR, and MR)Q TVC Price2,000 5,000 254,000 7,000 226,000 18,000 208,000 33,000 1010,000 50,000 1A. If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic cometitive market whre the price of software at each possible quantity is also listed above? Why? (show work)B. What should be the production level if fixed cost rose to 70,000 per month? Explain

NAPSR Online Exam Quiz MCQ Answer

NAPSR Online Exam Quiz MCQ Answer

NAPSR Online Exam Quiz MCQ AnswerNAPSRx Pharmaceutical sales training manualNapsronline orgNAPSRx Exam MCQ Quiz Solution.Just Few Question are Below ( In answer there are total 160 Question )1. How are drugs sorted into therapeutic groups and classes?A. first by the conditions that they are used to treat. and then by their mechanisms of actionB. first by their mechanisms of action. and then by their therapeutic effectsC. first by their side effects. and then by their therapeutic effectsD. first by their toxicity. and then by their effectiveness2. Bone marrow transplantsA. require that the patient first undergo chemotherapy or radiation to kill the diseased stem cells and promote white blood cell production.B. are a type of stem cell therapy. unless patients own cells are reinjected.C. are always a type of stem cell therapy.D. can help people with leukemia. a condition in which the body does not produce enough white blood cells.3. What does AMA stand for?A. American Medical AcademyB. American Medical AccreditationC. American Medical AssociationD. Association of Medical Assistants4. What section of a drugs package insert describes situations in which the drug should not be used because the risks outweigh the therapeutic benefits?A. adverse reactionsB. contraindicationsC. overdosageD. warning/precautions

5 What is tertiary care?A. adding medications together to achieve a better clinical effectB. highly specialized medical and surgical care provided by a large medical center for unusual or complex medical problemsC. receiving medical or surgical care that does not require an overnight stay in the treatment facility

D. seeing a physician for routine checkups and general healthcare

6. Which of the following is NOT one of the stages in the classic approach to brand development strategy covered in your manual?A. brand personalityB. brand positoningC. brand qualityD. brand values

7 What are vasodilators used to do?

A. decrease vascular resistance and increase blood flowB. mimic pathogens to stimulate the immune systemC. narrow the blood vesselsD.stimulate the CNS to make the heart beat faster

8. What is the name of the condition that occurs after a specific dose of a drug is given at such regular intervals that absorption and elimination (and therefore drug plasma concentration) have become fairly constant?

A. homeostasisB. steady stateC. titrationD. tolerance

9. Which statement is TRUE about ocular administration?A. Ocular administration is primarily for drugs that must cross the blood-brain barrier.B. Ocular administration is used primarily to treat the eye.C. Ocular administration is used when a drug must enter the bloodstream immediately.D. Ocular administration is used when a drug must produce immediate effects on the brain or spinal cord.10. Which entities invests the most money in pharmaceutical R&D?A. Canadian pharmaceutical companiesB. the NIHC. the U.S. GovernmentD.U.S. pharmaceutical companies

11. How are most drugs excreted?

A. via the bloodstreamB. via the heartC. via the kidneysD. via the skin

12. Over the last few decades, what has happened to legal limitations on sales reps discussions about off label uses?

A. Limitations have decreased.B. Limitations have increased significantly.C. Limitations have increased slightly.D. Limitations have remained about the same.

14. What does it mean if two drugs are at parity?

A. Both drugs are essentially in a neutral position.

B. Both drugs are generics.

C. Both drugs have exclusive preferred status.

D. The two drugs are bioequivalent.

15 Who is most likely to benefit from electronic sampling programs?A. Everyone would benefit equally from electronic sampling programsB. physicians in hospitals who are too busy to see representativesC. physicians in rural areas who are not as frequently visited by representativesD. physicians in urban areas who are too busy to see representatives

upto 160 Question

Assignment 1 Discussion Finance Organization and Long Term Planning Answer

Assignment 1 Discussion Finance Organization and Long Term Planning Answer

Assignment 1: DiscussionFinance Organization and Long-Term Planning

Considering Genesis Energys aggressive growth plan, Sensible Essentials suggested that its client should broaden the scope of financing beyond short-term loans and

consider long-term financing options. These options would greatly enhance the ability of the operations management team to fund the capital investments and growth

in operating expenses.

One option is selling more equity in the company. A public stock offering might be a possibility; however, a company as young and small as Genesis Energy might be

hard to value. Sensible Essentials believes that another private investor might require preferred stock dividends in order to mitigate some of the financial risk. Another

option is a long-term bank loan.

Acting as the finance expert for Sensible Essentials, respond to the following:Determine the cost of debt and equity for Genesis Energy and its weighted average cost of capital. Go to www.yahoofinance.com and look under SEC filings. Use a

US publicly traded company, such as Apple, Google, DuPont, etc.Identify the sources of long-term financing for Genesis Energy.Analyze the potential costs and benefits of each option.Explain how relative risk (from the investors perspective) impacts the cost of capital for Genesis Energy.Determine the cost of debt and equity for Genesis Energy and its weighted average cost of capital.Calculate the required rate of return for Genesis Energy using the capital asset pricing model (CAPM). What is the required return for Genesis Energy shareholders?

Write your initial response in 57 paragraphs. Apply APA standards to citation of sources.

By Saturday, June 28, 2014, post your response to the appropriate Discussion Area. Through Wednesday, July 2, 2014, review and comment on at least two peers

responses. In your response, do the following:Respond with substantial comments to enrich discussion and the learning experience.Contribute new, relevant information or quotes from course readings, Web sites, or other sources. Build on the remarks or questions of others, or share practical

examples of key concepts from your experience, professional or personal.

Assignment 1 Grading CriteriaMaximum Points

Initial response:Was insightful, original, accurate, and timely.Was substantive and demonstrated advanced understanding of concepts.Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions.

Discussion response and participation:Responded to a minimum of two peers in a timely manner.Offered points of view supported by research.Asked challenging questions that promoted the discussion.Drew relationships between one or more points in the discussion.

Writing:Wrote in a clear, concise, formal, and organized manner.Responses were error free.Information from sources, where applicable, was paraphrased appropriately and accurately cited.

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PROJ 595 Proj Risk Management Week 7 Risk Paper 2 Complete A+ Answer

PROJ 595 Proj Risk Management Week 7 Risk Paper 2 Answer

PROJ 595 Proj Risk Management Week 7 Risk Paper 2 Answer

Risk Paper 2Risk Paper 2 is due this week.Write a two- to four-page paper that describes an event in the past from either your personal or professional life in which you used a contract. Answer the following questions.1. How did assumption of risk play a part in the type of contract used?2. What type of contract was finally settled upon in this situation?3. Was this type of contract appropriate for this situation or was there a better type that should have been used?4. Did the type of contract impact the success of the project?You must use references to support your conclusions. Remember to cite and reference any sources that were used in the comparison and contrast. At a minimum, students should connect this assignment back to the text and support their decision-making process with key concepts from the text. You are also welcome to use any of the checklists from the text to support the decision-making process.

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DeVry ACCT 429 TAX RESEARCH MEMORANDUM ASSIGNMENT 1 and 2 Week 3 Research Project assignment Answer

DeVry ACCT 429 TAX RESEARCH MEMORANDUM ASSIGNMENT 1 and 2 Week 3 Research Project assignment Answer

TAX RESEARCH MEMORANDUM ASSIGNMENT 1Week 3 Research Project (Set #1)DeVry University Acct 429One of your clients is an incorporated funeral home, Peaceful Pastures Funeral Home, Inc.(Peaceful). Peaceful, an accrual basis taxpayer, provides a full line of funeral services and sells goods related to those services. Over the last few years, however, the cost of these goods and services have risen dramatically. As a result, more of Peacefuls customers have had difficulties paying their bills or have selected goods and services that cost less, sharply impacting Peacefuls bottom line.As a result, Peaceful has attempted to design an approach that allows customers to prepay fortheir funeral goods and services. Under this program, the customer pays in advance for thegoods and services that will be provided at the time of their death, often at a significantdiscount. Under the terms of the contract, the payments are refundable at the contractpurchasers request any time until the goods and services are provided to them. Given that it is an accrual basis taxpayer, Peaceful has included these payments and income for the year the funeral service is provided.This year, the IRS sent Peaceful an audit notice. It contends that the amount prepaid underPeacefuls program constitutes prepaid income that must be included in Peacefuls income (and therefore subject to tax) in the year in which it is received. Peaceful has come to you foradvice. Is the IRS correct?

COMPOSE A TAX FILE MEMORANDUM CONCERNING THIS ISSUE USING THESE FACTS AND THE RESEARCH MATERIALS PROVIDED TO YOU IN THE NEXT FEW PAGES (30 POINTS).

TAX RESEARCH MEMORANDUM ASSIGNMENT 2Week 3 Research Project (Set #1)DeVry University Acct 429MegaCorp, Inc. purchased all of the assets of Little, Inc. As part of this acquisition, MegaCorp also acquired some of Littles liabilities. In particular, Little was involved in a particularly nasty patent infringement case whereby another company (Ideas, Inc.) was alleging that Little had violated its patents and, therefore, owed that company a substantial amount of money. MegaCorp agreed that it would be legally responsible for any judgment that Little would have to pay Ideas in the lawsuit. As part of this process, the opinions of various experts determined that the likelihood that a significant contingent liability would arise from this obligation was quite remote (between 0% and 5%).Unfortunately for MegaCorp, a jury disagreed. After hearing evidence in the case, the juryconcluded that Little did indeed infringe Ideas patent and awarded Ideas $5 million indamages. As agreed, MegaCorp paid Ideas the $5 million judgment and deducted thispayment as an ordinary and necessary business expense under 162. Upon audit, the IRS has disagreed with this characterization. The IRS reclassified the $5 million payment as a capital expenditure under 263 and disallow the deduction. MegaCorp has come to you for advice. Is the IRS correct, or is MegaCorp entitled to the deduction?

COMPOSE A TAX FILE MEMORANDUM CONCERNING THIS ISSUE USING THESE FACTS AND THE RESEARCH MATERIALS PROVIDED TO YOU IN THE NEXT FEW PAGES (30 POINTS).

RESEARCH ESSAY ASSIGNMENT 1Week 3 Research Project (Set #1)DeVry University Acct 429As we covered in Weeks 2 and 3, the passive loss limitation rules impose real limitations on the ability of owners of certain types of ventures to take losses from those ventures and use them to reduce other income. That hardly means, however, that people dont try. One such area often involves various oil and gas ventures. Often operated as publicly traded partnerships, sophisticated investors often purchase limited partnership interests in these ventures. They are, however, subject to a particularlyrestrictive set of passive loss limitation rules. Locate at least three such oil and gas publicly traded partnerships on the web that are marketed to new investors. Describe the benefits that the promoters of each of these partnerships claim will result from the investments and describe the disclaimers, if any, that they provide detailing what limitations may be placed on the losses.NOTE: You must either (1) submit complete citations to these online resources so that yourinstructor may find these studies online or (2) submit complete copies of these onlineresources with your submission. Failure to do so will result in a zero for the assignment.PLEASE RESEARCH THIS ISSUE ON THE INTERNET AND COMPOSE AN ESSAY INCLUDING YOUR ANALYSIS OF THE ISSUE (20 POINTS).

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HRM 587 Managing Organizational Change Week 7 Part 5 Annotated Bibliography Answer

HRM 587 Managing Organizational Change Week 7 Part 5 Annotated Bibliography Answer

Part 5 Annotated Bibliography

List of all of your references you used in the project to date (you should have at least 12 at this point) and create an annotated bibliography. Basically, for this assignment, you will use your reference list, in alphabetical order, and provide a 2-4 sentence summary (brief!!) of what that reference said. This is a summary style document! Your grade will be based on your ability to BRIEFLY summarize the important points in the document as well as the strength of your reference materials. (i.e. if you used mainly low-level reference documents like encyclopedias, online dictionaries, anonymous articles, etc. this will negatively impact your grade.)A. Use of at least 12 references, properly annotated: 24 points (roughly 2 points each)B. Strength of references overall: 6 points (roughly .5 points each.)C. Use of one of the 5 Keller-approved citation methods

HRM 590 Human Resource Management Week 7 Final Course Project Submission Compensation Decisions Answer



Final Course Project Submission: Compensation Decisions Due Week 7Purpose: To apply critical thinking skills in completing the employee process from job analysis to compensation based on performance. In Weeks 3 and 5, you submitted information to help you in completing the final project. Feedback was provided to assist you in maximizing points earned on this final paper. To properly complete this final project, you must include the instructor feedback provided to this final paper. You are now going to make compensation decisions based on performance.

Category Criteria PointsCompensation Decisions Make compensation decisions and explain how you would compensate each of the employees with the budget dollars provided (see Compensation Template in Doc Sharing). You must provide substantiation for your salary decisions. Even with the decisions you make, what might be some consequences? Input your decisions into the template. Include your risk analysis.Literature Review Then, write a 610 page paper providing an overall review of the entire process created from job analysis to compensation. Would you change anything in your process at this point? Why? Why not? Include four scholarly articles related to compensation: two articles focused on general compensation and two articles on making compensation decisions. Do not use any verbiage/portion of your previously submitted article reviews from Written Assignments 1 or 2. This article review should be original to this final project assignment.Readability Follow Guidelines and Best Practices sections below.Deliverables Submit the following:1. Compensation decisions with substantiation and risk analysis2. Article review

acct 304 week 2 quiz perfect a+ answer

Documents

points points

financial operation

financial reports

accounting cycle

inventory balance

example of information

form acct

company assets