The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.:

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Prepare an income statement.

If you were working with a client with diabetes from a culture that values their elders, and the group or family as a whole, over the individual, how could you make your counseling culturally relevant to this client? Identify at least two specific things that you would do.

Share at least 2 short personal stories or give some quotes from individuals living with Schizophrenia. How does living with this disorder impact an individual? What should friends and family know? Response should be relevant in the UNITED STATES ONLY PLEASE.

t is hard for us to imagine ourselves as little children or what our life was like then (let alone remember). You might have to ask a parent and/or other relative for some of the answers. Feel free to include other relevant information or stories about yourself. As you reflect back or find out about your life as a young child, consider how those early days might have influenced your development. Use the following questions to write your reflection Where did your family live when you were a preschooler? Who was living in the house? Did you share a bedroom? With who? Did you have a bedtime routine? What was your favorite toy? Story? Movie? Game? How did you celebrate birthdays? Holidays? Did you vacation? Where to? Did your parents work outside of the home? Did you go to daycare/babysitter? Do you recall any specific event that happened to you or your family? Who were your friends? Were you healthy? Sick? What was your personality? What is your earliest memory??

1Early Childhood:

It is hard for us to imagine ourselves as little children or what our life was like then (let alone remember). You might have to ask a parent and/or other relative for some of the answers. Feel free to include other relevant information or stories about yourself. As you reflect back or find out about your life as a young child, consider how those early days might have influenced your development. Use the following questions to write your reflection Where did your family live when you were a preschooler? Who was living in the house? Did you share a bedroom? With who? Did you have a bedtime routine? What was your favorite toy? Story? Movie? Game? How did you celebrate birthdays? Holidays? Did you vacation? Where to? Did your parents work outside of the home? Did you go to daycare/babysitter? Do you recall any specific event that happened to you or your family? Who were your friends? Were you healthy? Sick? What was your personality? What is your earliest memory??

Skill sets for manufacturing workers are changing rapidly as manual labor is being replaced with employee-assisted manufacturing robots. Rather than hire new workers, a company chooses to invest in a skill-based pay plan that will tie pay increases to successfully learning new skills. The cost of the training system is significantly higher than anticipated, causing the company to limit access to training. The company decides to limit participation to workers who joined the company upon completing high school (age 18) and who have fewer than 15 years with the company. This decision excludes a large segment of the workforce who have substantially higher seniority, particularly those with more than 25 years of seniority.

Questions:

1. 5-9. What would you do? (Hint: Review the material in Chapter 2, Learning Objective 2-5.)

2. 5-10. What factor(s) in this ethical dilemma might influence a person to make a less-than-ethical decision?

Accounting careers involve much more than just counting things or creating financial statements. A career in accounting lets you use your analytical skills in a variety of ways to solve a diverse set of problems internally, within an organization, as well as externally. Some of you may have experienced an Internal Audit function, whereby internal auditors tested controls under your responsibility at work. Others may have experienced an audit of their personal income tax statement by the CRA.

For your initial posting, describe a job which requires a professional accountant to complete. State a few of the job responsibilities that would be required to complete the job and any professional designations which may be useful (eg., Chartered Professional Accountant (CPA), Certified Fraud Examiner (CFE), or Certified Internal Auditor (CIA) to name a few) for the position.

For your peer responses, think of a company (eg., public, private, non-for-profit, or government) who might hire someone with the job responsibilities outlined in the initial posting of at least two of your peers. Consider also who the stakeholders might be (eg., shareholder, creditor, or customer) who would benefit from a company filling this accounting position.

One of the concerns of labor economists is that in economic recessions, older people may be more likely to be laid off than workers under the age of 40. Federal and state laws prohibit this from happening, but does it anyway? The Federal government collects data on what they call “reductions in force” (RFI); for a recent company that experienced a layoff, 42 of the 50 employees who were “released” were over 40 while 764 of the 1267 who were not released were over 40.

What is your impression of the data? Then perform the chi-square test for (how many??) degrees of freedom. What can you say with 95% confidence about the possibility of age discrimination in RIFs?

A website that sells movie tickets can tell what devices are used to access their site and make purchases. The manager of the website is approached by members of a movie production company who want to partner in the development of a phone app. To estimate what proportion of ticket buyers make purchases using their smart phones, 400 users of the website were randomly sampled from the existing database and 180 were found to have used their smart phones.

   Assuming the true proportion were thought to be 0.45, what would be the probability that a majority of the purchases were made using a smart phone?

   What would be an 85% confidence interval for the proportion of website visitors who purchased tickets using a smart phone?

2. This problem asks you to work through the partial equilibrium analysis of some scenarios involving trade, consumer and producer welfare, and government tariff revenue. (a) Assume that the US does not participate in the international trade of kumquats (a small, citrus fruit) and therefore the kumquats market in the US clears domestically. Use a digram to show how the price (pa) and quantity (qa) traded are determined, and identify consumers’ surplus and producers’ surplus. (b) Assume that now the US opens to international trade to kumquats. The world price of kumquats is lower than the autarky price in the US, prior to trade (pW < pa). Will the US become an importer or an exporter of kumquats? Draw a diagram of the US market consistent with this assumption and discuss the welfare implications for each side of the market. Identify areas representing the welfare change. Is the US better or worse off, as a whole? (c) Redo (b), on a new diagram, but now under the assumption that the world price is higher than US’s autarky one (pW > pa). (d) Go back to the pW < pa case. The US government is considering a tariff on kumquats. Use a diagram for the equilibrium in world markets (hint: MD and XS*) to show the consequences of such a tariff for: i) the volume of international trade, ii) the price in the US market, iii) the price in the World market. Assume that the US is large relative to the rest of the world, when it comes to the demand for kumquats. (e) Redo (d), on a new diagram, under the assumption that the US is small relative to the rest of the world, when it comes to the demand for kumquats. (f) Go back to the large US case. Use a digram for the foreign/RoW market to show which side of the market is better-off and which is worse-off with the US tariff in place. Identify key areas representing welfare changes. (g) Use either a diagram for the US market or for world markets to show that the US can be, overall, better off with an unilateral tariff on kumquats, assuming that the governments in kumquat-exporting countries do not react to this policy. Be sure to identify the tariff revenue that gets collected by the US government. (h) The US is an importer of kumquats and the US government does impose the tariff we previously analyzed. On the other hand, the US is a big exporter of high-tech medical devices. How could foreigns governments react to the US tariff, in order to improve their terms of trade with respect to the US? How would US consumers and producers of medical devices feel about that reaction?