Questions
The economy of Euphoria has the following economic data. Year 2016 2017 2018 Nominal Gross Domestic...

The economy of Euphoria has the following economic data.

Year

2016

2017

2018

Nominal Gross Domestic Product ($ billions)

1,625

1,675

1,697.50

Real Gross Domestic Product ($ billions)

2015 = 1,568.5

1,625

1,649.75

1,702.50

GDP deflator

100

101.53

99.71

% change in real Consumption spending

3

1.75

2.8

% change in real Investment spending

2

-10

5

Net exports ($ billions)

-3,000

-6,000

-12,000

Unemployment rate (%)

5.3

5.8

5.2

Natural rate of unemployment

4.8

4.8

4.8

Index of production costs (2015 = 100)

104

105

104

Productivity index (2015 = 100)

101

103

106

Export price index (2015 = 100)

104

101

96

Import price index (2015 = 100)

106

108

104

  1. Production costs are costs of raw materials, wages, capital goods and services.
  2. Productivity index relates to all production inputs.

Examine the data relating to the economy of Euphoria above and answer the following questions.

Q1. What phase of the business cycle was the economy in 2018? Briefly give two reasons for your answer.                                                                                              

Q2. What was the likely cause of the change in the unemployment rate in 2018? What type of unemployment is likely to exist in Euphoria in 2018? Explain your answer.         

Q3. Identify and explain the likely cause of inflation / deflation in 2018?

Include in your answer the contribution that export and import prices made to inflation /   deflation in 2018.        

In: Economics

1. , during the economic downturn of 2008-2009, the Federal Reserve A. explicitly set its target...

1. , during the economic downturn of 2008-2009, the Federal Reserve
A. explicitly set its target rate of inflation at zero.
B. explicitly set its target rate of inflation well above zero.
C. took the unusual step of using open-market operations to purchase mortgages and corporate debt.
D. used open-market operations to purchase mortgages and corporate debt, just as it frequently does even when the economy is functioning normally.
E. reduced taxes to stimulate business and consumer spending.


2. which of the following statements is (are) correct?
A. Fiscal policy refers to changes in aggregate demand caused by changes in government spending or taxes
B. An example of fiscal policy is an act of Congress that raises the minimum wage.
C. A purchase of bonds by the Fed is an example of an expansionary fiscal policy because it is an increase in government purchases of goods and services.
D. All of the above are correct.
E. A and B, only

Which of the following statements is (are) correct?
(x) If households view a tax cut as being temporary, the tax cut has more of an effect on aggregate demand than if households view it as permanent.
(y) A decrease in taxes is an example of an expansionary fiscal policy and that policy will probably cause the aggregate demand curve to shift to the right.
(z) An increase in government purchases coupled with a decrease in taxes is an expansionary fiscal policy that will increase the budget deficit.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (x) only

In: Economics

A project has the following projected financial data for its first year of operation. ITEM AMOUNT...

A project has the following projected financial data for its first year of operation. ITEM AMOUNT Sales $500,000 Cost of Goods $200,000 Other expenses $100,000 Depreciation $50,000 Investment in NWC $20,000 Investment in Gross PPE $0 Interest Expense $40,000 If the tax rate for the firm is 30%, what is the project cash flow for the first year based on this information? Question 10 options: $75,000 $107,000 $135,000 $155,000 $205,000

In: Finance

Suppose you were given an opportunity to own a business of your choosing. First, briefly describe...

Suppose you were given an opportunity to own a business of your choosing. First, briefly describe your business; then explain the most efficient way to raise capital to either start or expand your business. Provide support for your response.

Please Note- You just need to choose one way, and explain why the option selected is most efficient. Also, state whether capital is for starting or expanding the business.

In: Finance

Equipment that is purchased for $12,000 now is expected to be sold after ten years for...

Equipment that is purchased for $12,000 now is expected to be sold after ten years for $2,000. The estimated maintenance is $1,000 for the first year, but it is expected to increase $200 each year thereafter. The effective annual interest rate is 10%.

6. The present worth is most nearly:

(A) $16,000 (B) $17,000 (C) $21,000 (D) $22,000

7. The annual cost is most nearly: (A) $1,100

(B) $2,200 (C) $3,600 (D) $3,700

In: Finance

Given P(a,b,c,d)=∑(1,3,8,9,10,11,12,14,15). Determine P as a most simplified SOP Determine P’ as a most simplified SOP...

  • Given P(a,b,c,d)=∑(1,3,8,9,10,11,12,14,15).
    • Determine P as a most simplified SOP
    • Determine P’ as a most simplified SOP
  • Generate gate diagrams of P and P’ from the first bullet
  • Implement P’, by converting each of the gate diagrams from above to only 2-input Nand gates. Do realize that a Nand equivalent of invertor must be added to the output for P to create P’.
  • (its is one question)

In: Computer Science

Java Starter Code: import java.util.Scanner; public class GameScore { static Scanner keyboard = new Scanner(System.in); public...

Java

Starter Code:

import java.util.Scanner;

public class GameScore {

static Scanner keyboard = new Scanner(System.in);

public static void main(String[] args) {
int team1[] = new int[4];
int team2[] = new int[4];

for (int qtr = 0; qtr < 4; qtr++) {
quarterScoring(team1, team2, qtr);
}

int team1Total = teamTotal(team1);
int team2Total = teamTotal(team2);

displayGameResults(team1, team2);

if (team1Total > team2Total) {
System.out.println("Team 1 has won the game!");
} else {
System.out.println("Team 2 has won the game!");
}
}

static int teamTotal(int[] team) {
// This method will add the points a team has scored during all four quarters of a game.
return 0;
}

static void quarterScoring(int[] team1, int[] team2, int qtr) {
// This method will continue to prompt user which team scored, and how many points are scored
// When this method finishes, the appropriate team's score for the quarter will be assigned
}

static void displayGameResults(int[] team1, int[] team2) {
// This method will display the scores for each team per quarter as well as the total score

}
}

Sample Output:
Quarter: 1
Which team scored? (1 or 2)
1
How many points did they score (1, 2, or 3)?
1
Which team scored? (1 or 2)
1
How many points did they score (1, 2, or 3)?
2
Which team scored? (1 or 2)
2
How many points did they score (1, 2, or 3)?
3
Which team scored? (1 or 2)
3
Invalid team - quarter has ended.
Quarter: 2
Which team scored? (1 or 2)
2
How many points did they score (1, 2, or 3)?
3
Which team scored? (1 or 2)
2
How many points did they score (1, 2, or 3)?
3
Which team scored? (1 or 2)
1
How many points did they score (1, 2, or 3)?
3
Which team scored? (1 or 2)
0
Invalid team - quarter has ended.
Quarter: 3
Which team scored? (1 or 2)
1
How many points did they score (1, 2, or 3)?
1
Which team scored? (1 or 2)
1
How many points did they score (1, 2, or 3)?
1
Which team scored? (1 or 2)
2
How many points did they score (1, 2, or 3)?
2
Which team scored? (1 or 2)
3
Invalid team - quarter has ended.
Quarter: 4
Which team scored? (1 or 2)
0
Invalid team - quarter has ended.

Team Scores by quarter:
Q1 Q2 Q3 Q4 Total
3 3 2 0 8
3 6 2 0 11

Team 2 has won the game!

In: Computer Science

The beginning inventory at Midnight Supplies and data on purchases and sales for a three month...

The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows:

Date

Transaction

Number of Units

Per Unit

Total

Jan. 1 Inventory 2,600 $58.00 $150,800
10 Purchase 7,200 66.00 475,200
28 Sale 3,950 116.00 458,200
30 Sale 1,300 116.00 150,800
Feb. 5 Sale 500 116.00 58,000
10 Purchase 17,500 68.00 1,190,000
16 Sale 9,200 121.00 1,113,200
28 Sale 8,000 121.00 968,000
Mar. 5 Purchase 14,400 69.60 1,002,240
14 Sale 10,100 121.00 1,222,100
25 Purchase 3,300 70.00 231,000
30 Sale 7,900 121.00 955,900
Instructions
1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in

Exhibit 3

, using the first-in, first-out method.
2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account and date your journal entry March 31. Refer to the Chart of Accounts for exact wording of account titles.
3. Determine the gross profit from sales for the period.
4. Determine the ending inventory cost as of March 31.
5.

Based upon the preceding data, would you expect the ending inventory using the last-in, first-out method to be higher or lower?

CHART OF ACCOUNTS
Midnight Supplies
General Ledger
ASSETS
110 Cash
111 Petty Cash
120 Accounts Receivable
131 Notes Receivable
132 Interest Receivable
141 Inventory
145 Office Supplies
146 Store Supplies
151 Prepaid Insurance
181 Land
191 Office Equipment
192 Accumulated Depreciation-Office Equipment
193 Store Equipment
194 Accumulated Depreciation-Store Equipment
LIABILITIES
210 Accounts Payable
221 Notes Payable
222 Interest Payable
231 Salaries Payable
241 Sales Tax Payable
EQUITY
310 Common Stock
311 Retained Earnings
312 Dividends
REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Goods Sold
515 Credit Card Expense
516 Cash Short and Over
520 Salaries Expense
531 Advertising Expense
532 Delivery Expense
533 Insurance Expense
534 Office Supplies Expense
535 Rent Expense
536 Repairs Expense
537 Selling Expenses
538 Store Supplies Expense
561 Depreciation Expense-Office Equipment
562 Depreciation Expense-Store Equipment
590 Miscellaneous Expense
710 Interest Expense

1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in

Exhibit 3

, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.

Date Purchases Cost of Goods Sold Inventory
Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost
Jan. 1
10
10
28
28
30
Feb. 5
10
10
16
16
28
Mar. 5
5
14
14
25
25
30
30
31 Balances

2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account and date your journal entry March 31. Refer to the Chart of Accounts for exact wording of account titles.

Question not attempted.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

Score: 0/51

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

3. Determine the gross profit from sales for the period.

In: Accounting

Which of the following best indicates the components of a vector that measures 30 m at...

Which of the following best indicates the components of a vector that measures 30 m at 135°?

a)<21, 21> m

b)<-21, 21> m

c)<21, -21> m

d)<-21, -21> m

A student runs off of a diving platform with a speed of 2.5 m/s and hits the water 0.8 seconds later. What is the height of the platform?

5.1 m

0.9 m

3.1 m

6.2 m

Vector A has components A = <-2, 5> m/s and vector B has components B = <6, -2> m/s. What is the magnitude of vector C if C = A + B?

25 m/s

5 m/s

11 m/s

7 m/s

A student fires a bullet horizontally from a gun. Which statement is most accurate?

The bullet will start to fall as soon as it leaves the gun.

The bullet will move horizontally for some time before it starts to fall.

The bullet will travel horizontally without falling.

The question does not provide enough information.

Which of the following is an example of a vector measurement?

Speed

Distance

Mass

Acceleration

More than one of the above

A person driving through a field has velocity components that are 30 m/s west and 20 m/s south. What is the approximate direction of the overall velocity?

48°

214°

34°

-34°

A student kicks a ball that is initially at rest on the ground. The ball leaves the student's foot with some velocity v at an angle θ. When the ball is at its maximum height, which statement is most accurate?

At the maximum height, the velocity of the ball is zero.

At the maximum height, the acceleration of the ball is zero.

Both of the above are true.

None of the above are true.

In: Physics

Happy Camper Park was organized on April 1, 2016, by Barbara Evans. Barbara is a good...



Happy Camper Park was organized on April 1, 2016, by Barbara Evans. Barbara is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Barbara prepared the following income statement for the quarter that ended March 31, 2017.

HAPPY CAMPER PARK
Income Statement
For the Quarter Ended March 31, 2014

Revenues

Rent revenue

$90,000

Operating expenses

Advertising

$5,200

Salaries and wages

29,800

Utilities

900

Depreciation

800

Maintenance and repairs

4,000

Total operating expenses

40,700

Net income

$49,300


Barbara thought that something was wrong with the statement because net income had never exceeded $20,000 in any one quarter. Knowing that you are an experienced accountant, she asks you to review the income statement and other data.

You first look at the trial balance. In addition to the account balances reported above in the income statement, the ledger contains the following additional selected balances at March 31, 2014.
Supplies $6,200
Prepaid Insurance 7,200
Notes Payable 12,000


You then make inquiries and discover the following.
1. Rent revenues include advanced rentals for summer occupancy $15,000.
2. There were $1,700 of supplies on hand at March 31.
3. Prepaid insurance resulted from the payment of a one-year policy on January 1, 2017.
4. The mail on April 1, 2017, brought the following bills: advertising for week of March 24, $110; repairs made March 10, $260; and utilities, $180.
5. There are four employees, who receive wages totaling $300 per day. At March 31, 2 days salaries and wages have been incurred but not paid.
6. The note payable is a 3-month, 10% note dated January 1, 2017.


a) Prepare a correct income statement for the quarter ended March 31, 2017.
b) Explain to Barbara the generally accepted accounting principles that she did not recognize in preparing her income statement and their effect on her results.





In: Accounting