(c) What is meant by the Marshall-Lerner condition?

(d) Assuming the Marshall-Lerner condition holds, contrast the factors that influence goods market equilibrium in an open economy with those of a closed economy.

A certain dynamical system is governed by the equation x^'' + (x')² + x = 0. Show that the origin is a center in the phase plane and that open and closed paths are separated by the path

2y² = 1- 2x

At a pressure of 907 mbar , what would the height of the mercury in the column of a mercury barometer?

also

A closed container is filled with oxygen. The pressure in the container is 205 kPa . What is the pressure in millimeters of mercury?

Use the IS-LM model of a closed economy to explain and graphboth the short run effects and the long-run effects of an increase in the money supply on national income, interest rate, investment, and the price level.

Consider a RC circuit. At time t=0, the circuit is closed. ( a) Draw how the current behaves with time. (b) What about the power dissipated by the resistor ? (also draw it as a function of t)

In words and on a graph, diagram the fast response action potential of a cardiomyocyte. Indicate which voltage-gated channels are open or closed at each respective phase (0-4) and the direction the ions are moving.

Determine, Closed Loop Diagram (CLD) for a restaurant case.

Following variables:

Quality of the service,

 New (Arriving) Customer,

 Marketing Studies on Social Media 

Customers occupying tables, 

Queue for seating.

Consider a RC circuit. At time t = 0, the circuit is closed.

(a) Draw how the current behaves with time

(b) What about the power dissipated by the resistor? (also draw it as a function of t)

Question Two

Eateries Regina Ltd. (ERL) operates restaurants in several Saskatchewan cities.

The accountant responsible for ERL’s long lived assets and liabilities has been on medical leave since January 1, 2020. Therefore, the accounting is not up to date and you have been contracted to help with the backlog.

On April 1, 2019, ERL purchased a heavy duty pasta machine for $32,000 for its Regina restaurant. Since wear and tear on the machine is directly related to the number of hours it is used, you have decided to depreciate it using the UNITS OF PRODUCTION method. According to the manufacturer’s website, ERL should be able to use the machine for 20,000 hours before it will require replacement. It has an estimated residual value of $1,000. The machine was used for 2,050 hours during the year ended December 31, 2019. You have been asked to prepare the journal entry (in good form) necessary to recognize depreciation expense. You intend to provide detailed supporting calculations and round all amounts to the nearest cent .

(Please insert response here.)

On July 1, 2015, ERL purchased a commercial espresso maker for its Martensville restaurant at a cost of $14,500. Since that time, the espresso maker has been depreciated using the STRAIGHT LINE method based on a useful life of 20 years and an estimated residual value of $500. On January 1, 2020, the espresso maker had a carrying amount of $11,350. After several breakdowns and before calculating depreciation expense, you have decided to revise the useful life to a total of 15 years and residual value to $750. You plan to calculate the depreciation expense for the year ending December 31, 2020, but you do NOT plan to make the related journal entry at this time. You intend to provide detailed supporting calculations and round all amounts to the nearest dollar .

(Please insert response here.)

On January 1, 2018, ERL purchased a wood fired pizza oven for its Yorkton restaurant at a cost of $19,500. The oven had a useful life of 10 years and an estimated residual value of $4,500. Due to rapidly changing technology, the accountant on leave determined that the oven should be depreciated using the DOUBLE DIMINISHING BALANCE method. On October 1, 2019, ERL closed the Yorkton restaurant and sold the oven for $14,250. You have been asked to calculate the gain or loss arising from the sale of the oven. You have been instructed to clearly label your work including whether a gain or loss has occurred, provide detailed supporting calculations and round all amounts to the nearest dollar or whole percent. You are NOT to prepare any journal entries at this time .

(Please insert response here.)

On December 24, 2019, a customer fell outside ERL’s Saskatoon restaurant. On December 26, ERL was served with a lawsuit claiming $5,000,000 in lost wages and pain and suffering. The restaurant’s general manager was confident that any award would be much less than $5,000,000 until he learned the customer is a virologist and one of the highest paid doctors in Saskatchewan. ERL’s lawyer had commented he did not expect the lawsuit to be successful as staff had been cleared of the sidewalk of snow and ice just prior to the customer’s visit. Also, phone records showed the customer was using her smart phone at the time of the fall. However, on December 31 you were forwarded a video that shows a shovel laying across the sidewalk in the same location the customer fell. The lawyer has now commented that should the video be authenticated, ERL will definitely be required to pay damages. Based on this information, you have been asked to BRIEFLY DISCUSS the CPA Canada Handbook guidance regarding contingent liabilities AND make a DEFINITIVE RECOMMENDATION regarding whether a contingent liability must be recognized on the statement of financial position as at December 31 .

(Please insert response here.)

Following is a partially completed balance sheet for Hoeman Inc. at December 31, 2020, together with comparative data for the year ended December 31, 2019. From the statement of cash flows for the year ended December 31, 2020, you determine the following:

• Net income for the year ended December 31, 2020, was $96,500.
• Dividends paid during the year ended December 31, 2020, were $66,000.
• Accounts receivable decreased $12,500 during the year ended December 31, 2020.
• The cost of new buildings acquired during 2020 was $129,000.
• No buildings were disposed of during 2020.
• The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2020, was $191,000.

Required:

1. Complete the December 31, 2020, balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.)
2. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method.

Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

Complete the December 31, 2020, balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.)