You are a database designer and data analyst working for the hypothetical employer, Park University. The University over the last few years has provided faculty and staff needed technology to support various job functions but is having some trouble tracking such technology to ensure the program is cost-effective. In other words, the University Controls Department is having difficulty locating inventories and associated invoicing information. With the lack of this important information, the University Controls department has a very difficult time locating and tracking released technology which has the intended purpose of being an asset to assigned employees and departments.
The University Controls department has a Technology Asset Management System currently designed and implemented using Microsoft Access; however, the Chief Information Officer (CIO) of Park University needs some ideas of possible reasons the current Technology Asset Management System designed in Microsoft Access is not currently tracking technology assets as intended.
In a memo style response to the Chief Information Officer (CIO), share-based on your knowledge learned about databases using experience and research, some possible and or hypothetical reasons why the existing database, in this case, is not working as intended?
In: Computer Science
10. Suppose a perfectly competitive firm’s demand curve is below its average total cost curve. Under which conditions will a firm continue to produce in the short run?
If the supply curve intersects the marginal cost curve above the average variable cost curve
If the demand curve intersects the marginal cost curve above the average variable cost curve.
11. Study Questions and Problems #11 Suppose the industry equilibrium price of residential housing construction is $100 per square foot, and the minimum average variable cost for a residential construction contractor is $110 per square foot. You should advise the owner of the firm to...….
a. Shut down
b. Decrease output
c. Increase output
12.
Suppose independent truckers operate in a perfectly competitive industry and an increase in demand creates positive economic profits for firms in the short run.
Indicate what happens in the long run to each factor in the following table. (Check all that apply.)
|
Factor |
Increases |
Remains the Same |
Decreases |
|
|---|---|---|---|---|
| Price of trucking services (relative to the price when there is an increase in demand) | ||||
| Industry quantity of output | ||||
| Profit of trucking firms |
True or False: Given these conditions, the independent trucking industry is a constant-cost industry.
True
False
In: Economics
Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2018, Lacy received the following information:
| Projected Benefit Obligation | ($ in millions) | ||||||||||||||||||||||||||||||||||||||||
| Balance, January 1 | $ | 360 | |||||||||||||||||||||||||||||||||||||||
| Service cost | 60 | ||||||||||||||||||||||||||||||||||||||||
| Prior service cost | 12 | ||||||||||||||||||||||||||||||||||||||||
| Interest cost (7.5%) | 27 | ||||||||||||||||||||||||||||||||||||||||
| Benefits paid | (37 | ) | |||||||||||||||||||||||||||||||||||||||
| Balance, December 31 | $ | 422 | |||||||||||||||||||||||||||||||||||||||
The expected long-term rate of return on plan assets was 10%.
There were no AOCI balances related to pensions on January 1, 2018.
At the end of 2018, Lacy amended the pension formula creating a
prior service cost of $12 million. |
|||||||||||||||||||||||||||||||||||||||||
In: Accounting
Determine whether each statement is true or false. If the statement is false, explain why.
Even if the correlation coefficient is high (near + 1) or low (near - 1), it may not be significant.
In: Statistics and Probability
In: Operations Management
Develop 2 soft and 2 hard standards for any aspect of the service offered by hotel and restaurant? (Subject: service marketing)
In: Operations Management
Why does the hotel industry have so many partnerships among competitors? Is this true for other industries? Which ones?
In: Operations Management
As the new cybersecurity employee at a Florida-based luxury hotel chain franchise, would you insource cybersecurity functions or outsource?
In: Computer Science
. Draw a value chain for a hotel you know well or have researched. Explain the implication of your study for competitive advantage.
In: Operations Management
Q2-Full Cost Method:
1-1. Timbers Oil Company, LLC (Timbers) is interested in exploring an area near Midland, Texas. Timbers accounts for its costs using the full cost method. It engages an aerial surveying firm to take photos of the region at a cost of $35,000. This results in the following entry? Description Account Type Debit Credit
1-2. Timbers then acquires a least to a 120-acre property, which calls for an up-front bonus payment of $95 per acre. The related journal entry is?
Description Account Type Debit Credit
1-3. Timbers then hires a drilling company to drill an exploratory well at a cost of $550,000. The related journal entry is?
Description Account Type Debit Credit
1-4. After the well has been evaluated, it is determined to be a dry hole. The related journal entry is?
Description Account Type Debit Credit
1-5. Following this setback, Timbers instructs the drilling company to drill another exploratory well for $830,000, which is immediately determined to be successful. The resulting journal entry is? Description Account Type Debit Credit
1-6. As the well was deemed successful, the resulting entry of the unproven property is:
Description Account Type Debit Credit
1-7. Pleased with the results, Timbers decides to fully develop the property. Timbers engages the drilling company to drill a development well at a cost of $975,000. The related journal entry is?
Description Account Type Debit Credit
1-8. After an evaluation period, the development well is designated a dry hole. The resulting entry is? Description Account Type Debit Credit
1-9. Timbers drills two more wells that prove to be successful. After drilling two successful wells, Timbers spends $500,000 on flow lines, separators, tubing and other production facilities, the resulting journal entry is?
Description Account Type Debit Credit
1-10. Production begin and Timbers incurs monthly production costs of $45,000. The resulting journal entry is?
Description Account Type Debit Credit
In: Accounting