Rossini Company has budgeted production for next year as follows:

At the beginning of the year, Rossini is expected have 5,340 units of the product. At the end of each quarter, Rossini would like to have an inventory equal to 10% of the sales units of the next quarter.

How many units should Rossini produce in the second quarter?

A. 80,200 units
B. 81,580 units
C. 56,080 units
D. 78,820 units

E. None of the above

Assume the following time series regression has been estimated for sales of gadgets:

St = 20 + 13Q1 + 9Q2 +4Q3 + 2t + 3t2;

where t is the time trend and Q1, Q2 and Q3 are dummy variables for quarters 1, 2 and 3

respectively. Assume the data used in the regression starts in the first quarter of 2016 and ends

in the first quarter of 2018. Forecast the expected sales for quarters 2, 3 and 4 of 2018.

Read CPA Horizons 2025 found in the DeVry online library. In the document, 10 themes

emerged that give insight into how the profession is conducting and will conduct business, serve

clients and employers, attract and retain employees and new business and remain competitive in

the marketplace throughout the next 15 years. In 3-4 pages (12-pt type, double-spaced)

summarize the four themes that you believe are the most important to the accounting profession

and the impacts on the profession. Do you agree with the impacts? Can you think of more

impacts? Do you agree with the ten themes? Are there any you would add?

Read CPA Horizons 2025.

In the document, 10 themes emerged that give insight into how the profession is conducting and will conduct business, serve clients and employers, attract and retain employees and new business and remain competitive in the marketplace throughout the next 15 years.

(1) Summarize the four themes that you believe are the most important to the accounting profession and the impacts on the profession.

(2) Do you agree with the impacts described in the article?

(3) Can you think of more potential impacts?

(4) Overall, do you agree with the ten themes?

(5) Are there any others you would add?

Company purchased equipment costing $239,000 on
January 1, 2022. The equipment was assigned an estimated
useful life of six years and an estimated salvage value
of $8,000. The equipment was to be depreciated using the
sum-of-the-years-digits' depreciation method.

On January 1, 2025, Company revised the life of
the equipment from six to thirteen years.

Calculate the amount of depreciation expense recorded on
the equipment for 2025.

1. Which of the following statements is (are) correct?
(x) Business cycles are fluctuations in real GDP and related economic variables such as investment and unemployment that occur over time.
(y) A short period of falling incomes and rising unemployment is called a recession and a short period of rising incomes and falling unemployment is called an expansion.
(z) During recessions firms may find that they are unable to sell all they produce and, as a consequence, workers are laid off.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

2. Which of the following statements about the United States is (are) correct?
(x) In the United States, investment is a small part of real GDP compared to consumption, yet it accounts for a large share of the fluctuation in real GDP.
(y) Spending on new factories and housing typically rises during economic expansions in the U.S.
(z) The rapid increase in asset prices, including stocks and capital equipment, was a probable cause of the Great Depression in the U.S.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

3. The overall price level in the U.S. is measured by the
A. rate of inflation.
B. rate of deflation.
C. CPI or the GDP deflator.
D. price of some particular commodity or service.
E. Either A or B

Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:

The company’s variable selling and administrative expense per unit is $2.00. Fixed selling and administrative expenses include advertising expenses of $14,000 per quarter, executive salaries of $41,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $8,400 will be paid in the second quarter.

Required:

Prepare the company’s selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.)

Weller CompanySelling and Administrative Expense Budget1st Quarter2nd Quarter3rd Quarter4th QuarterYearVariable selling and administrative expense per unitVariable selling and administrative expenseFixed selling and administrative expenses:Total fixed selling and administrative expensesTotal selling and administrative expensesCash disbursements for selling and administrative expenses

1. What is the impact on GDP if consumer spending increases? Would the answer be different if the consumer spending were directed toward foreign goods?
2. What differentiates inflation and deflation?
3. What is the Fed? What are its economic goals?
4. How does the Fed pursue its economic goals? How may the tools of monetary policy affect securities prices?
5. What are M1 and M2? How does the Fed alter M1 and M2?
6. If the Fed finances the federal government’s deficit, what will happen to the supply of money?

1. What is the impact on GDP if consumer spending increases? Would the answer be different if the consumer spending were directed toward foreign goods?
2. What differentiates inflation and deflation?
3. What is the Fed? What are its economic goals?
4. How does the Fed pursue its economic goals? How may the tools of monetary policy affect securities prices?
5. What are M1 and M2? How does the Fed alter M1 and M2?
6. If the Fed finances the federal government’s deficit, what will happen to the supply of money?

1. There are three ways of conceptualizing and measuring GDP. What are these? Which is the most often used? Why?
2. What are the components of GDP in the total spending approach? Explain what each one is and what it means