Questions
Which of the following is correct? Economists view investment as the a. purchase of stocks and...

Which of the following is correct? Economists view investment as the

a.

purchase of stocks and bonds

b.

purchase of land for later use

c.

difference between peoples income and their spending

d.

purchase of equipment, plants, and inventories

Pretend that you are an economic detective and are given the following clues bout the met for wine: the price of wine rose and the equilibrium quantity of wine declined. In writing your investigative report, which one of the following would you conclude might be responsible for the outcome?

a.

a decrease in the demand for wine

b.

a decrease in the supply of wine

c.

an increase in the supply of wine

d.

an increase in the demand for wine

When computing a price index, the base year is

a.

the earliest year for which data are available

b.

the year that is chosen as a point of reference for comparison of prices with other years

c.

the most recent year for which data is available

d.

the most recent year in which the inflation rate was close to zero

Guns (hundreds) 1 2 3 4 5

Butter (tons) 20 18 15 10 3

The table shows the production possibility frontier for the economy of Sauria. If this economy were to produce 3 (hundred) guns and 12 (tons) of butter

a.

it would be operating beyond its production possibility frontier

b.

it would be utilizing its resources with maximum efficiency

c.

it would be on its production possibility frontier

d.

it could utilize resources more efficiently to produce 3 more (tons of) butter without sacrificing guns

In: Economics

Which of the following is true about disability insurance? It benefits the disabled employee only for...

Which of the following is true about disability insurance?

It benefits the disabled employee only for the first year of disability.

Payments under short-term plans are less than that of long-term plans.

It pays about 50% to 70% of the employee's salary in case of disability.

Most employers offer long-term disability plans.

It offers coverage when the employee's dependent is disabled.

In: Operations Management

A. Which type of mutation do you feel would be most likely to be influenced by...

A. Which type of mutation do you feel would be most likely to be influenced by natural selection, those that result in changes of the third codon position, or those that result in changes of the first codon position? Explain your reasoning.

B. In many animals inbreeding among close relatives reduces the ability of their offspring to survive. Explain why this occurs.

Please correct answer. Thanks

In: Biology

In 1999, Karl Christe synthesized and characterized a salt that contained the N5+ cation, in which...

In 1999, Karl Christe synthesized and characterized a salt that contained the N5+ cation, in which the five N atoms are connected in a long chain. This cation is the first all-nitrogen species to be isolated in more than 100 years. Draw all the possible Lewis structures for this ion. Calculate the formal charges on all atoms for each resonance structure and determine which is the most important.

In: Chemistry

You are given two bandpass filters The first has a 5-pole Butterworth topolgy with a 10%...

You are given two bandpass filters The first has a 5-pole Butterworth topolgy with a 10% bandwidth. The second has a 5--pole Chebyshev topology with a 10% bandwidth. Using you knowledge of microwave filters, qualitatively analyze the performance of each and comment on which one would be most useful in providing the maximum out-of-band attenuation to a signal that is 75% of the center frequency

In: Electrical Engineering

A natural gas well is projected to produce $233,000 in profit during its first year of...

A natural gas well is projected to produce $233,000 in profit during its first year of operation, $228,000 the second year, $223,000 the third year, and so on, continuing this pattern. If the well is expected to produce for a total of 10 years, and the effective annual interest rate is 7.0%, which of the following most closely represents the present worth of the well?

$1,498,000

$1,669,000

$2,186,000

$1,924,000

In: Economics

1. What are the main products offered by Polaris & Victory and assess market performance? 2....

1. What are the main products offered by Polaris & Victory and assess market performance?

2. Identify and list in order of criticality the key issues facing strategic decision makers of the firm. What do you think is the first and the most critical issue at hand.

3. Using Porter’s five forces analysis, systematically assess the industry attractiveness and profitability of Polaris & Victory

In: Operations Management

7. Write a function that accepts a sentence as the argument and converts each word to...

7. Write a function that accepts a sentence as the argument and converts each word to “Pig Latin.” In one version, to convert a word to Pig Latin, you remove the first letter and place that letter at the end of the word. Then you append the string “ay” to the word. Here is an example: English: I SLEPT MOST OF THE NIGHTPIG LATIN: IAY LEPTSAY OSTMAY FOAY HETAY IGHTNAY.

In: Computer Science

1. For a manufacturing company, which of the following is an example of a period cost...

1. For a manufacturing company, which of the following is an example of a period cost rather than a product cost?

a. Depreciation on factory equipment

b. Wages of salespersons

c. Wages of machine operators

d. Insurance on factory equipment

2. A manager that is establishing objectives (strategic or operational) is performing which management function?

a. Controlling

b. Directing

c. Planning

d. Constraining

3. As product costs expire(expensed), they become part of

a. selling expenses.

b. inventory.

c. cost of goods sold.

d. sales revenue.

4. Property taxes on a manufacturing plant are an element of a

Product Cost Period Cost

a. Yes No

b. Yes Yes

c. No Yes

d. No No

5. A product requires processing in two departments, Department A and then Department B, before it is completed. Costs transferred out of Department A will be transferred to

a. Finished Goods Inventory.

b. Cost of Goods Sold.

c. Work in Process Department B.

d. Manufacturing Overhead.

6. An example of both a prime cost and a conversion cost for manufacturing a vehicle would be

a. wages of assembly line workers

b. steel

c. engine

d. depreciation on factory machinery.

7. A cost of goods manufactured schedule shows beginning and ending inventories for:

a. raw materials and work in process only

b. work in process only.

c. raw materials only.

d. raw materials, work in process, and finished goods.   

8. A process cost accounting system is most appropriate when

a. a variety of different products are produced, each one requiring different types of materials, labor, and overhead.

b. the focus of attention is on a particular job or order.

c. similar products are mass-produced.

d. individual products are custom made to the specification of customers.

9. The following information was gathered for the Buckley Corporation for the most recent year. Manufacturing overhead is allocated using direct labor hours.

Estimated direct labor hours

54,000

Actual direct labor hours

57,000

Estimated manufacturing overhead costs

$729,000

Actual manufacturing overhead costs

$685,000

What is the amount of overallocated or underallocated overhead for the year?

a. $44,000 overallocated

b. $44,000 underallocated

c. $84,500 overallocated

d. $84,500 underallocated

10. XYZ Company uses job costing. Actual manufacturing overhead for the period is $19,600 while allocated manufacturing overhead is $18,700. What entry will close the manufacturing overhead balance?

a. Debit manufacturing overhead and credit work in process for $900.

b. Debit manufacturing overhead and credit cost of goods sold for $900.

c. Debit cost of goods sold and credit finished goods inventory for $900.

d. Debit costs of goods sold and credit manufacturing overhead for $900..

11. Select the answer that best represents which industry would use (1) process costing and (2) job costing, respectively.

a. (1) Aircraft, (2) pharmaceuticals

b. (1) Chemicals, (2) Commercial building construction

c. (1) Construction, (2) Chemicals

d. (1) Printing, (2) Food and Beverage

12. For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and ending finished goods inventory of $250,000. The cost of goods sold is:

a. $450,000.

b. $500,000.

c. $550,000.

d. $600,000.

13. Cost of Materials Used $45,000

Direct Labor costs $48,000

Factory Overhead $39,000

Work in Process, beg. $28,000

Work in Process, end. $18,000

What is Cost of Goods Manufactured?

a.

$178,000

b.

$132,000

c.

$122,000

d.

$142,000

14. Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.

Estimated manufacturing overhead cost

$250,000

Actual manufacturing overhead cost

$230,000

Estimated machine hours

20,000

Actual machine hours

21,000

(The estimates were made as of the beginning of the year, while the actual results were for the entire year.)

The predetermined manufacturing overhead rate per machine hour is closest to:

a. $11.90.

b. $10.95.

c. $12.50.

d. $11.50.

15. Williams Company reports production costs for 2015 as follows:

Direct materials used

$345,000

Direct labor incurred

250,000

Factory overhead incurred

400,000

Operating expenses

175,000

Williams Company's period costs for 2015 amount to:

a.

$345,000

b.

$250,000

c.

$400,000

d.

$175,000

Williams Company�s productcosts for 2015 amount to:

a.

$995,000

b.

$920,000

c.

$825,000

d.

$770,000

16. In accumulating raw material costs, the cost of raw materials purchased in a perpetual inventory system is debited to:

a. Raw Materials Purchases

b. Raw Materials Inventory

c. Purchases

d. Work in Process

17. A manufacturing company income statement reports only two types of inventory accounts, Raw Materials and Finished Goods.

a True

b. False

18. Before these materials are used to manufacture its cars, Honda classifies steel, glass, and plastic as:

A. finished goods inventory.

B. work in process inventory.

C. raw materials inventory.

D. merchandise inventory.

19. Which of the following is an example of overhead in a factory?

A. Wages of machine operators

B. Wages of factory maintenance personnel

C. Wages of administrators in the corporate office

D. Salaries of salespersons

20. Factory labor data for Reyes Tool & Die is $5,000 (note: Job 1 $1,200; Job 2 $1,600; Job 3 $1,400 and general factory use $800). The summary journal entry to record factory labor incurred is

a. Work in process 4,200

Factory overhead 800

Wages payable 5,000

b. Work in process 5,000

Wages payable 5,000

c. Wages payable 4,200

General wage expense 800

Wages expense 5,000

d. Factory overhead 4,200

Work in process 800

Wages payable 5,000

In: Accounting

PLEASE ANSWER IN EXCEL WITH WORK. An investor has projected three possible scenarios for a project...

PLEASE ANSWER IN EXCEL WITH WORK. An investor has projected three possible scenarios for a project as follows: Pessimistic- NOI will be $200,000 the first year, and then decrease 2 percent per year over a five year holding period. The property will sell for 1.8 million after five year. Most Likely- NOI will be level at $200,000 per year for the next five years(level NOI) and the property will sell for 2 million. Optimistic- NOI will be 200,000 the first year and increase 3 percent per year over a 5 year holding period. The property will then sell for 2.2 million The asking price for the property is 2 million. The investor thinks there is about a 30 percent probability for the pessimistic scenario, a 40 percent probability for the most likely scenario, and a 30 percent probability for the optimistic scenario. a. Compute the IRR for each scenario. b. Compute the expected IRR c. Compute the variance and standard deviation of the IRRs. d. Would this project be better than one with a 12 percent expected return and a standard deviation of 4 percent?

In: Accounting