Which of the following business forms give individual business people (Basically sole proprietors) a form of limited liability:

a. all forms of partnership

b. only general partnerships

c. S corps

d. regular partnerships

e. Independent agent partnerships

Which of the following could be an explanation for a falling fixed asset turnover (assuming nothing else changes):

a. falling intangibles

b. increasing sales

c. Purchase of New P.P. and E.

d. continued depreciation

e. a drop in the current ratio

Which of the following are positive statements , which are normative statements and which could be either depending on the context?

a) Cutting the higher rates of income tax will redistribute incomes from the poor to the rich.

b) It is wrong that inflation should be reduced if this means that there will be higher unemployment.

c) It is wrong to state that putting up interest rates in order to prevent the exchange rate falling.

d) The government should raise interest rates in order to prevent the exchange rate falling.

e) Current government policies should reduce unemployment.

Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars per carton) is related to the weekly supply x (in thousands of cartons) by the equation

625?2 −?2 = 100

If 25,000 cartons of eggs are available at the beginning of a certain week, and

(a)   if the price is falling at the rate of 2¢/carton/week, at what rate is the weekly supply changing?

(b)   if the weekly supply is falling at the rate of 1,000 cartons/week, at what rate is the wholesale price changing? Give your answer to the nearest tenth of a cent.

1. Find an article describing poverty, poverty rates or the government programs available falling under the poverty level. Use the article to fulfill the following instructions and questions:

1. Copy and paste your article into your assignment.

2. Summarize the passage in your article into one or two paragraphs.

3. Describe possible government programs that are available for individuals falling under the poverty level.

D.       In your summary, also address your own opinions on your selected article and your opinion in support or against the information you have found.

A 0.0147-kg bullet is fired straight up at a falling wooden block that has a mass of 2.94 kg. The bullet has a speed of 760 m/s when it strikes the block. The block originally was dropped from rest from the top of a building and had been falling for a time t when the collision with the bullet occurs. As a result of the collision, the block (with the bullet in it) reverses direction, rises, and comes to a momentary halt at the top of the building. Find the time t.

Please give answer to 4 significant figures.

A falling-head permeameter containing a silty clay loam soil sample has a sample diameter of 10 cm, a falling-head tube of diameter 2 cm, and a sample length of 4 cm. If the initial head is 15 cm. It falls 4 cm over a period of 6 hours. (a) Find the hydraulic conductivity of the soil sample in m/s and ft/d.

(b) What would be the hydraulic head after 12 hours?

(c) How long would it take for the hydraulic head to drop to 95% of the initial value?

In an attempt to save someone in a vertically falling car Spider-Man spins a web catching the 2000 kg car. The webbing has a spring constant of 22,000 N/m and the car is caught at t = 0 at a distance 0.500 m above equilibrium while it is still falling at a speed of -10.0 m/s. After this, the car goes into vertical SHM.

Wo = 3.32Hz

f = .528Hz

Period (T) = 1.89s

Find:

a) the amplitude

b) the phase angle

c) the time it takes the car to get to its lowest point (? = −?).

A placekicker must kick a football from a point 36.0 m (about 40 yards) from the goal. Half the crowd hopes the ball will clear the crossbar, which is 3.05 m high. When kicked, the ball leaves the ground with a speed of 23.4 m/s at an angle of 48.0° to the horizontal.

(a) By how much does the ball clear or fall short of clearing the crossbar? (Enter a negative answer if it falls short.)
m
(b) Does the ball approach the crossbar while still rising or while falling?

rising or falling

1.

If the marginal product is _____, the value of marginal product must be _____.

Select one:

a. rising; zero

b. falling; falling

c. rising; falling

d. falling; rising

2.

The amount by which an additional unit of a factor increases a firm's total _____ during a period is the _____.

Select one:

a. cost; value of marginal product

b. revenue; marginal factor cost

c. cost; marginal product

d. revenue; value of the marginal product

3.

The demand for factors of production is called a derived demand because it is:

Select one:

a. derived from the demand for the outputs that are produced by the factors of production.

b. not easy to determine and must be derived by a technical (and often complicated) process.

c. derived on the basis of questions posed to residents during the census.

d. derived from the available supply of factors, such as land, that can be overexploited.

4.

A firm's demand curve for labor is:

Select one:

a. its marginal cost curve.

b. its marginal product curve.

c. its value of the marginal product of labor curve.

d. horizontal if it is in perfect competition.

5.

When a firm is a perfect competitor in the product market, its demand curve for labor will _____ because the _____ product declines as additional workers are hired.

Select one:

a. slope downward; marginal

b. be horizontal; average

c. slope downward; average

d. slope upward; marginal

Flexible Budget, Standard Cost Variances, T-Accounts

Ingles Company manufactures external hard drives. At the beginning of the period, the following plans for production and costs were revealed:

During the year, 24,800 units were produced and sold. The following actual costs were incurred:

There were no beginning or ending inventories of direct materials. The direct materials price variance was $10,168 unfavorable. In producing the 24,800 units, a total of 12,772 hours were worked, 3 percent more hours than the standard allowed for the actual output. Overhead costs are applied to production using direct labor hours.

Required:

Instructions for parts 1 and 2: If a variance is zero, enter "0" and select "Not applicable" from the drop down box.

1. Prepare a performance report comparing expected costs to actual costs.

2. Determine the following. If a variance amount is zero, enter "0" and select "Not applicable" from the drop-down list.

a. Direct materials usage variance
$_

b. Direct labor rate variance
$_

c. Direct labor usage variance
$_

d. Fixed overhead spending and volume variances

e. Variable overhead spending and efficiency variances

3. Use T-accounts to show the flow of costs through the system. In showing the flow, you do not need to show detailed overhead variances. Show only the over- and underapplied variances for fixed and variable overhead. Record the following transactions in the T-accounts: If an amount is zero, enter "0".

(a) purchase of materials,

(b) issuance of materials into production,

(c) incurrence of direct labor cost,

(d) application of variable overhead cost to production,

(e) application of fixed overhead cost to production,

(f) transfer of finished goods to finished goods inventory,

(g) sale of goods,

(h) closure of Direct Materials Price Variance account,

(i) closure of Direct Materials Usage Variance account,

(j) closure of Direct Labor Efficiency Variance account,

(k) closure of Variable Overhead Control account, and

(l) closure of Fixed Overhead Control account.

Enter these transactions in the T-accounts in the same order that they are presented here.

Variable Overhead Control