1) What are the income and substitution effects?
A) A way to find if goods are substitutes to each other
B) A way to break the change in quantity demanded when prices or income change, so we can separate changes in the quantity due to higher income from changes in the quantity due to differing price ratios
C) All other answers are incorrect
D) A way to compute exactly how revenue will change if the price of a good is changed
2) What are perfect complements:
A )There is not such concept in the book. Compliments is what we want to discuss instead, not complements :) | |
B) Complementary goods of very high quality | |
C) Any goods which are not substitutes are perfect complements | |
D) Complementary goods that are always consumed together in fixed proportions, because they have no use if they are consumer alone |
In: Economics
IFRS and U.S. GAAP for hedge accounting differ on which of the following points?
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A. |
U.S. GAAP requires changes in the value of all speculative hedges to be reported in income, while IFRS allows speculative hedge gains and losses to be reported in other comprehensive income. |
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B. |
U.S. GAAP requires changes in the value of cash flow hedges to be reclassified from other comprehensive income when the hedged transaction is reported in income, while IFRS allows permanent reporting of these gains and losses in AOCI. |
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C. |
IFRS requires gains and losses on hedges to be reported in the same income line with losses and gains on the hedged item, while U.S. GAAP is silent on this issue. |
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D. |
U.S. GAAP requires an initial quantitative evaluation of hedge effectiveness, while IFRS only requires that the hedge fits with the company's risk management strategy. |
In: Finance
The following are some of the financial statements required in the State of New York CAFR:
1. Government-wide statement: statement of net position
2. Government-wide statement: statement of activities
3. Fund statement: balance sheet—governmental funds
4. Fund statement: statement of revenues, expenditures and changes in fund balances—governmental funds
5. Fund statement: statement of net position–proprietary funds
6. Fund statement: statement of revenues, expenses and changes in net position—proprietary funds
For each of the following balances related to the financial
performance of the State of New York, indicate the number(s) of the
statements on which the balance is reported.
Accrued pension liability for current employees, governmental fund employees
1 and 3
1 only
3 only
5 only
NOTE: 1 and 3 is INCORRECT
In: Accounting
Choose to investigate the evolution of either the male or female body image. Look at old magazines, TV shows, movies, or search the internet to learn how the "ideal" body image has evolved over the generations.
If you've chosen to investigate the female body image, discuss how the “ideal” female figure changes with fashion, making sure to note the trends of the1920s, the the 1950s, the 1960s, and so on.
If you've chosen to investigate the male body image, discuss the “ideal” male body as it changes with fashion, noting chest and facial hair, pecs and biceps, and buttocks.
Sticking with the chosen gender, answer the following:
What is the ideal female or male body type today? Does it differ by gender and sexual orientation? Whose interests are served when the media defines such ideals?
In: Nursing
1. Briana has agreed to bring beets to the physics department's party. Uunfortunately she was engaged in an experiment in the lab and lost track of time. she needs to run home and cook the beets but by the time they cook, the party will almost be over. Briana decides that she needs to use her pressure cooker to decrease her cooking time. explain using the ideal gas law how this pressure cooker will allow her to cook the beets faster than a conventional pot on the stove.
2. Denver, CO is called the Mile High City due to its exactly 5,280 foot elevation. Using the ideal gas law, explain any modifications that would have to be made to cook the beets without using a pressure cooker. Explain what physically changes to necessitate the changes in cooking methods
In: Physics
Question #1: Holly Sports balls has three product lines in its retail stores: soccer balls, baseballs, and tennis balls. Results of the fourth quarter are presented below:
Soccer Balls Baseballs Tennis Balls Total
Units sold 1,000 2,000 2,000 5,000
Revenue $22,000 $40,000 $23,000 $85,000
Variable departmental costs 15,000 22,000 12,000 49,000
Direct fixed costs 1,000 3,000 2,000 6,000
Allocated fixed costs 8,000 8,000 8,000 28,000
Net income (loss) $ (2,000) $ 7,000 $ 1,000 $ 6,000
The allocated fixed costs cannot be avoided. There will be no changes in the demand of individual products caused by changes in other product lines.
Instructions
What will happen to profits if Holly Sports balls discontinues the Soccer Balls product line?
In: Accounting
Develop a training plan for Nurses for Medication Errors and the responsibility for implementing practice guidelines for organization policy.
Use the guideline topics below to prepare a two hours workshop and summarize the workshop strategies for Nurses.
1.) What are the expected outcomes of the training?
2.) Why you chose Nurse Medical Staff to pilot the change.
3.) Training Program Design to Teach Nurses on Medical Records
4.) Policy and Practice Guidelines
5.) Training Materials for Skill Development
6.) Specific Group to Successfully Apply Policy Guidelines
7.) Policy Changes to be Implemented in Mercy Medical Center
8.) The Importance of Mercy Medical Center Policy to Improve Quality of Care
9.) Advocate Importance of Role Nurses Will Play in Implementing Changes in Policy
10.) Interpret Complex Policy Consideration for Nurses with Respect and Clarity
In: Nursing
In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American politics. How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States since the end of the Second World War in 1945? What evidence can you provide to support your answer? What are the reasons for the changes in income inequality since 1945.
What is wealth inequality and how does it differ from income inequality? Is wealth more or less equally distributed than income? Why do you suppose that is? What has happened to wealth inequality in the U.S. in recent years? What accounts for those changes?
Do you think the trend in economic inequality is a problem? Why or why not?
In: Economics
Susana and Javier each spend $24 per week on café lattes and subway trips. When the price of lattes and subway trips (round trip) are each $4, they each buy 3 lattes and take 3 subway trips per week. Suddenly, a café price war breaks out and there just happens also to be a state budget crisis. So, the price of a latte falls to $2, while the price of a subway trip rises to $6. Susana now buys 6 lattes and takes 2 subway trips per week while Javier takes 1 subway trip and buys 9 café lattes.
a. Is Susana better off or worse off after these price changes? Explain.
b. Is Javier better off or worse off after these price changes? Explain.
In: Economics
The staff and management committee of the local community centre meet on a monthly basis. They have a suggestion box so that everyone is encouraged to make comments and suggestions for agenda items.
One of the new workers, Sonja, writes that she does not fully understand some of the policies that she has to follow and is not confident in implementing them. The manager, David, decides to introduce this topic at the next meeting. When the members check the policy manual, they are surprised by some of the policy documents, because substantial changes to community service expectations and/or obligations have occurred over the last few years. Many of the organisation’s policies do not seem to have kept in pace with the changes.
What are the steps that should be taken? Write a 5 page report, describing and explaining all the steps involved.
In: Accounting