TRW Inc. began business in 2018 and incurred net operating losses for its first two years. In 2020, it became profitable. The following table shows TRW’s taxable income before consideration of these NOLs.

The records of Phoenix Corporation revealed the following data for the current year.

1. Refer to Phoenix Corporation.  Assume, for this question only, actual overhead is $98,700 and applied overhead is $93,250. Manufacturing overhead is:
   1. overapplied by $12,900.
   2. underapplied by $18,350.
   3. overapplied by $5,450
   4. underapplied by $5,450

2. Refer to Phoenix Corporation. Assume that Phoenix has underapplied overhead of $10,000 and that this amount is immaterial. What is the balance in Cost of Goods Sold after the underapplied overhead is closed?
   1. 133,650
   2. 123,650
   3. 143,650
   4. 137803
3. Refer to Phoenix Corporation. Assume that Phoenix has overapplied overhead of $25,000 and that this amount is material. What is the balance in Cost of Goods Sold after the overapplied overhead is closed?
   1. 123267
   2. 144033
   3. 158650
   4. 108650

Which approach is considered to offer few individual benefits but might yield collective population value?

a. Social marketing

b. Policy approaches

c. Health communication

d. Community-based prevention marketing

Explain about Baltimore and Ohio railroad strike of 1877. What were some of the most violent confrontations, and what caused them? Discuss why business and government were so opposed to collective bargaining ?

1. An entity issues shares as consideration for the purchase of inventory. The shares were issued on January 1, 2009. The inventory is eventually sold on December 31, 2010. The value of the inventory on January 1, 2009, was $3 million. This value was unchanged up to the date of sale. The sale proceeds were $5 million. The shares issued have a market value of $3.2 million. Which of the following statements correctly describes the accounting treatment of this share-based payment transaction?

a. Equity is increased by $3 million, inventory is increased by $3 million; the inventory value is expensed on sale on December 31, 2010.

b. Equity is increased by $3.2 million, inventory is increased by $3.2 million

c. Equity is increased by $3 million, inventory is increased by $3 million; the inventory value is expensed over the two years to December 31, 2010.

d. Equity is increased by $3.2 million, inventory is increased by $3.2 million; the inventory value is expensed over the two years to December 31, 2010.

2. For the year ended May 31, 2009, Orchard, Inc. had per share earnings of $4.80. Orchard's outstanding shares for the 2008-2009 fiscal year consisted of $2,000,000 of 10% preference shares with $100 par value and 1,000,000 ordinary shares. On June 1, 2009, the ordinary shares were split 3 for 1, and the company redeemed one-half of the preference shares at par value. Orchard's profit for the year ended May 31, 2010, was 10% higher than in 2009. The earnings per share for the fiscal year ended May 31, 2010 is
a. $1.73 c. $1.80
b. $1.77 d. $2.70

3. On January 1, 2010, Parco Corporation issued 3-year 6,800 8% convertible bonds at par for $1,000 per bond. Interest is payable annually in arrears. Each bond can be converted any time before maturity into 250 ordinary shares. On maturity, Parco has the option to settle the principal amount of the bonds in cash or in ordinary shares. Market interest rate prevailing at the time of the bond issue without a conversion option was 10; similarly, the market price of one ordinary share at that date was $3. Other details are as follows:
Profit for the year 2010 $3,400,000
Ordinary shares outstanding, $1 par 4,080,000
Convertible bonds outstanding 6,800,000

Ignoring income tax, the diluted earnings per share for the year ended December 31, 2010 is (Round-off present value factors to four decimal places)
a. $0.70 c. $0.68
b. $0.65 d. $0.83

rite the code for a class named Funnel. A funnel is a cone-shaped object that
is used to pour liquids into small openings. For the purpose of this question,
you may assume that a Funnel is an inverted cone (see image at left) and has
a flap (a lid) at the bottom that can be opened and closed.





A Funnel has the following PUBLIC features:
a) A Funnel created without any data has a radius of 12, a height of 20,
   units measured in "millilitres", and  .

b) Alternatively, a Funnel can be created by accepting 2 whole numbers 
   representing the radius and height, and has units in "ounces" .
   
   All Funnels start out in a closed position and are empty (i.e. have a volume of
   0.00).The formula for calculating the volume of a cone is: V = 1/3 * Pi * R^2 * H
   where V = Volume, Pi = 3.14159, R^2 = radius squared, and H = height ($0.00)

c) A Funnel contains a function changeFlap( ) that opens a closed flap and
   closes an open flap and returns nothing (1 mark).

d) A Funnel also contains a function pour(int seconds) that empties the
   Funnel according to the formula: f = 2.5/R per second
   (where f = amount poured, R = radius), but ONLY FOR Funnel's that have
   OPEN FLAPS!
   The function also displays the amount poured for each second, and
   finally returns the total amount poured.
   So, for a default Funnel with a volume of 3015.9264, the function pour(2)
   would display:
   after 1 secs, poured 0.0075 millilitres, volume now at 3015.9189
   after 2 secs, poured 0.0075 millilitres, volume now at 3015.9114
   The function would return 0.015 for THIS EXAMPLE ONLY!

   If the Funnel's flap is closed, then only the line:
   "Sorry Funnel flap is closed!"
   is displayed, and 0.00 would be returned.

   This function permanently reduces the Funnel's volume .

e) A Funnel contains another function pour( ) that computes and returns the
   exact number of seconds (including fractional portions) required to
   completely empty the Funnel .


f) The postfix ++ operator increases the Funnel's radius by 1
   and returns the Funnel's new volume .

g) The prefix ++ operator increases the Funnel's height by 1
   and returns the Funnel's new volume .

h) A function called calcVolume( ) that computes and returns the
   Funnel's volume .

i) A function called getVolume( ) that computes and returns the
   Funnel's current volume .

For example, the following program:

int main( ) {
   Funnel f1, f2(6, 15);
   float amount, volumeF1, volumeF2, seconds;

   volumeF1 = f1++; // sets Funnel f1's radius to 13
   volumeF2 = ++f2; // sets Funnel f2's height to 16

   cout << "f1's volume is: " << volumeF1 << endl;
   cout << "f2's volume is: " << volumeF2 << endl;

   amount = f1.pour(5); // flap is closed, so does not pour anything
   f1.changeFlap( );

   amount = f1.pour(5);

   cout << "amount poured from Funnel f1: " << amount << endl;

   cout << "------------------------------------------------" << endl;

   seconds = f2.pour( );
   cout << "it takes " << seconds << " seconds to empty Funnel f2" << endl;

   f2.changeFlap( );
   f2.pour(3);

   cout << "f1's volume is: " << f1.getVolume( ) << endl;
   cout << "f2's volume is: " << f2.getVolume( ) << endl;

   return 0;
}

would display:
f1's volume is: 3539.52
f2's volume is: 603.185
Sorry Funnel flap is closed!
after 1 secs, poured 0.192308 millilitres, volume now at 3539.33
after 2 secs, poured 0.192308 millilitres, volume now at 3539.14
after 3 secs, poured 0.192308 millilitres, volume now at 3538.95
after 4 secs, poured 0.192308 millilitres, volume now at 3538.76
after 5 secs, poured 0.192308 millilitres, volume now at 3538.56
amount poured from Funnel f1: 0.961538
------------------------------------------------
it takes 1447.64 seconds to empty Funnel f2
after 1 secs, poured 0.416667 ounces, volume now at 602.769
after 2 secs, poured 0.416667 ounces, volume now at 602.352
after 3 secs, poured 0.416667 ounces, volume now at 601.935
f1's volume is: 3538.56
f2's volume is: 601.935

Suppose you are financial manager in your company and the company wants to make innovation on products. However, the company’s financial funds are not enough to make innovation. How you can raise funds through financial market?

Indicate specific areas of further research in disruptive innovation that would prove beneficial?

Are there particular industries or technologies that will be impacted by disruptive innovation? If this impact is positive, how can it be maximized, and if negative, how can this impact be mitigated?

Product innovation includes designing innovative products and getting them to market quickly. In a world where the design, production, and consumption may be on different continents, describe how an ERP system help facilitate product innovation.