1. Assume these facts as true: Sen. Burr chaired the Senate Intelligence Committee. At a closed confidential hearing in late January, he heard dramatic evidence that the corona virus was likely to heavily impact the United States and its economy (which is what happened). The following day, Sen. Burr called his stockbroker and told him to sell all of his $2 million worth of stock holdings. Two weeks later, the danger of the corona virus became known to the public, and the stock market lost much value. Sen Burr saved $400,000. By selling his stock when he did. Was Sen Burr an “insider”. Did he violate the insider trading laws? Argue one way or the other but support your argument.

Assume these facts as true. Sen Loeffler attended the above described hearing chaired by Sen. Burr. When she returned home that evening, she told her husband about the hearing. Her husband is Chairman of the New York Stock Exchange. The next day, without telling his wife, he sold $3.5 million worth of stock jointly owned with his wife. He saved $600,000.00 in losses by selling his stock then. Was Sen Loeffler or her husband an “insider”? Did either of them violate the insider trading laws? Argue one way or the other.

2. In a closed economy, how would each of the following events affect bond price and market interest rate? Use the figures of both bond market and market of loanable funds to illustrate the changes to the interest rates.

A. The expected rate of inflation decreases.

B. The federal government runs a budget deficit.

A piston and cylinder device (closed system) contain 2.25 mol of an ideal gas which
is compressed irreversibly at constant temperature from 423 K and 200 kPa to 8 bar.
The irreversible work applied for the compression is 15 % larger than the reversible
work for the same process. Determine the entropy change of the gas, the
surroundings and the total entropy change if the heat is rejected from the gas to
surroundings maintained at 25 oC.

Will a CFL light bulb and an incandescent light bulb, in separate respective closed systems, produce exactly the same amount of overall temperature increase over time?

Assume you have two identical closed systems with gray walls, with a system input of 20 watts of power each.

EDIT added for clarity: (On the packaging of the CFL light bulb the large print equivalent wattage is irrelevant... the input current of both bulbs is a consistent 20 watts of power each. The comparison wattage vs. the actual wattage of the CFL is off subject.)

One has a CFL, one has an ordinary incandescent light bulb. Will both systems increase in heat the exact amount, every hour?

Due to conservation of energy it shouldn't matter if one light source is more efficient, right?... it's the same amount of energy input. One light makes more heat one makes more light, but the light when it hits the gray wall is converted to heat, right?

There is no such thing as loss of energy... it's just converted to another form of energy... and light is converted to heat, right?

The back story of this question is my wondering that if my wife leaves an incandescent light bulb on in the winter time it's not so bad because even though no one is in the room it's still heating up the room. On the other hand if she leaves on a CFL it's more efficient but it should still add heat to our "system," i.e., our home.

Assume a closed economy without Government. However, there exists a financial sector that creates an array of financial assets on which both households and firms invest. Let ? denote the average earnings from these financial assets. The consumption expenditure of the households is influenced by their wage income and the financial income and is given by ? = ?(?, ?); ?? > 0, ?? > 0, where ??, ?? are partial derivatives of consumption with respect to income ? and financial earnings ? respectively. Similarly, the real investment expenditure of firms is given by ? = ?(?, ?); ?? > 0, ?? < 0, where ??, ?? are the partial derivatives of the real investment with respect to income and financial earnings. Note that ?? < 0 implies that the real investment falls as financial earnings for the firm rises. Either using the Keynesian cross model or the Multiplier analysis, answer the following questions.

(i) Identify the “wealth effect” in this model? [2]

(ii) Derive the relationship between output ? and financial earnings ?, and examine the analytical conditions under which the relationship is positive ( ?? ??>0) and negative ( ?? ?? < 0). [15]

(iii) Describe why the scenario where the expansion in output driven by rise in financial earnings, i.e. when ?? ??>0, could make the economy unstable and vulnerable to crisis?

8. A closed feedwater heater may be used for deaeration. a. True b. False
9. In a reciprocating power system,   i. Material flows at a constant rate through the device and passes through a turbine to produce shaft power output, ii. Material does not flow at a constant rate through every section of the device.   iii. Power is produced at all times. iv. Power is produced only during part of the cycle in each section of the device and is not produced uniformly at every instant.   v. The power unit consists of one or more piston and cylinder sections with intake and exhaust valves and where fresh fuel and air are taken in during one part of the process, exhaust gases are ejected during another part of the process, and at other times the cylinder is closed off from the intake and exhaust sections (manifolds).   vi. The power unit consists of a compressor, a burner section, and a turbine.   a. Items i), iii), and vi) are correct. b. Items ii) and iii) are correct. c. Items ii), iv) and v) are correct. d. Items ii), iv), and vi) are correct. e. None of these combinations are correct.

10. The Otto cycle model is used with … a. Reciprocating internal combustion engines where the fuel-air mixture is ignited by a spark. b. Reciprocating internal combustion engines where the fuel-air mixture is ignited by high pressures in the cylinders. c. Internal combustion engines with continuous flow of fuel and air (i.e., gas turbine engines). d. External combustion “hot air” engines. e. Vapor compression refrigeration.

11. In an air standard analysis, we pretend that the substance in an engine is pure air, and we analyze this as if energy is put into the air from the outside and, later, waste heat is removed from the air. a. True b. False




12. The Brayton cycle is used to model the operation of … a. Steam Power Plants b. Spark Ignition Internal Combustion Engines c. Compression Ignition Internal Combustion Engines d. Gas Turbine Engines e. Vapor Compression Refrigeration Machines f. None of these

13. For high thermal efficiency, the compression ratio in a spark ignition reciprocating engine is likely to be in the range of … a. 8:1 to 10:1. b. 15:1 to 20:1. c. 20:1 to 40:1. d. None of these are reasonable.

14. For high thermal efficiency, the compression ratio in a compression ignition reciprocating engine is likely to be in the range of … a. 8:1 to 10:1. b. 15:1 to 20:1. c. 20:1 to 40:1. d. None of these are reasonable.

15. The environmental aspects of refrigerants are important considerations in selection. a. True b. False

16. Ammonia may be used as a refrigerant. a. True b. False

17. Carbon Dioxide may be used as a refrigerant. a. True b. False  

Question 1

A. Cash is a monetary and financial asset. It is the most liquid finance asset; it is also the standard medium of exchange for most business transactions. Cash is usually classified as a current account, however there are circumstances in which cash is classified as a non-current asset.

Required:

With the aid of a suitable example, explain when can be classified as a non-current asset.

B. Study the following items related to transactions during the year to September 30, 2020 for Thompson’s Tours’ Inc. All transactions are reported on the financial statements in $XCD.  

I. A bank overdraft of $200,000 in a chequing account at St Kitts National Bank.

II. A saving account with a balance of $400,000 at Open Campus Bank and chequing account with an overdraft of $100,000 at the same bank repayable on demand.

III. The Operation Manager was given a salary advance of $2,000 on August 24, 2020 and this amount was deducted from his October salary.

IV. CAD$3,045 on hand from tips up to March 31, 2020, its pre-COVID operations when the exchange rate was CAD$1 = $2.01 XCD. On September 30, 2020, the exchange rate was CAD$1 = $1.95 XCD

V. Special Edition Independence postage stamps on hand valued at $200.

VI. Cash holdings of US$100,000, the exchange rate on September 30, 2020 is $2.70.

VII. Petty cash on hand valued at $1,500.

VIII. A cheque in the amount of $5,000 and dated October 23, 2020 was received from a customer on September 27, 2020.

IX. Short term 60 days treasury bill valued at $35,000.

X. Thompson’s Tours’ Inc. invested $1,000,000 in a money market fund with Mona Campus Bank on July 10, 2020 which will mature on October 9, 2020.

Required:

a. List all items from above that would NOT be classified as cash or cash equivalents in the current asset section of Thompson’s Tours’ Inc. Statement of Financial Position as at September 30, 2020? State how each of these items would then be classified in the financials.   

b. Prepare the necessary journal entry at September 30, 2020 to account for Item IV.  

C. Using the information in B above, calculate the cash and cash equivalent value that would appear in Thompson’s Tours’ Inc. Statement of Financial Position on September 30,2020.    

Total 15 marks

Question 2

A.   List two (2) policies a company may adopt to lessen the risk of uncollectible accounts and improve its cashflows. (1 mark)

B. Joseph Corporation a mobile phone wholesaler sells mobile phones to PhoneTech Ltd, a mobile phone retailer on August 1, 2020 for $500 each, the value of the sale is $50,000, with credit terms of 3/10, n/30. Assume the company uses the net method to record accounts receivables.

Required:

a. Prepare the journal entry to record the sale.

b. On August 8, 2020, collection on $15,000 of the sales was received from PhoneTech. Record the necessary journal entry for the cash received.

c. The remaining $35,000 of the sales was collected on August 28, 2020 from Phone Tech. Record the necessary journal entry for the transaction on this date.          

Total 13 marks

Question 3

A. J & B Company uses the percentage of sales approach to estimate its uncollectible accounts. The company’s annual sales for its first financial year of operations ending July 31, 2020 was $500,000, cash sales contributed to 2% of the overall sales and the accounts receivable balance at year end was $75,000. Based on industry expectations, it estimated that 3% of its credit sales would be uncollectible.

Required:

a. Calculate the bad debt expense at July 31, 2020.

b. Calculate the net receivable balance that would be reported in the Statement of Financial Position as at July 31, 2020. (1 mark)

B. Tosh and Sons Inc. uses the percentage of receivables approach to estimate its uncollectible accounts. The company had sales of $100,000 at the end of its financial year on June 30, 2020. The allowance for doubtful debts account had a debit balance of $400, the accounts receivable balance was $30,000at year end and the company estimates the uncollectible percentages as follows:

Current (1 - 30 days)   $15,000           0.5%

31 - 60 days                 $10,000           2.0%

61 - 90 days                 $3,000             10.0%

Over 90 days               $2000              60.0%

Required:

a. Calculate the bad debt expense at June 30, 2020.

b. Prepare the necessary journal entry to record the bad debt expense for the year.

b. During the financial year ending May 31, 2020 the Board of Directors of Chung Sa Corporation authorised the write off of a $3,000 two-year debt belonging to a previous customer Jap Inc. On July 2, 2020 Chung Sa Corporation received an electronic funds transfer from Jap Inc. in the amount of $3,000.

Required:

Prepare all necessary journal entries to record this transaction.

Are the types of positions held in the IT industry independent of how long individuals have worked in the industry? Researchers determine the position held and years in the industry for 246 individuals working in the IT industry. The data can be found in the excel file job. Run the appropriate tests and place the screen shot of your MiniTab or excel output below.

Run all tests at the 5% significance level. When running a chi square test for association, you MUST check off “each cell’s contribution to Chi-Square” in MiniTab (this is found by selecting “statistics” when in the test dialog box). If using Excel you must complete these by hand within excel.When running a one-way or two-way ANOVA test, also perform a Fisher’s LSD comparison test for any significant factors, at the 5% significance level.

Are the types of positions held in the IT industry independent of how long individuals have worked in the industry? Researchers determine the position held and years in the industry for 246 individuals working in the IT industry. The data can be found in the excel file job. Run the appropriate tests and place the screen shot of your MiniTab or excel output below. Run all tests at the 5% significance level. When running a chi square test for association, you MUST check off “each cell’s contribution to Chi-Square” in MiniTab (this is found by selecting “statistics” when in the test dialog box). If using Excel you must complete these by hand within excel.When running a one-way or two-way ANOVA test, also perform a Fisher’s LSD comparison test for any significant factors, at the 5% significance level. Experience Manager Programmer Operator System Analyst 0-3 6 37 10 13 4-8 25 16 26 24 More than 8 47 10 12 20

Here is an outline for some code I need to write. This class used Intro to Java Edition 11, and we only got to Chapter 9. There is no set right way that this program has to be done. Feel free to interpret this in a way that you wish.

Mrs. Quackenbush is back! She now has bought a beverage establishment, The Green Dragon Inn, and needs to have a way to insure the consistency of the drinks her employees serve. Your company has the task of providing a user-friendly way for Mrs. Q's customers to receive the same high quality at each visit. This program is a kind of evaluation of what you have learned this semester, so you should be careful to insure user-friendliness and programmer-friendliness throughout.  

• Create a parent (super class) for Beverages
• Create a child (subclass) for Drinks you wish the Green Dragon to sell. (could be a bar, coffee shop, malt shop, etc.)
• Create an ARRAY of Drinks to hold the recipes for the drinks sold..

Thanks!