Assume that in an annual audit of Sandhill Inc. at December 31, 2020, you find the following transactions near the closing date. Assuming that each of the amounts is material, state whether the merchandise should be included in the client’s inventory. Transactions 1. A special machine, fabricated to order for a customer, was finished and specifically segregated in the back part of the shipping room on December 31, 2020. The customer was billed on that date and the machine excluded from inventory although it was shipped on January 4, 2021. select an option 2. Merchandise costing $5,740 was received on January 3, 2021, and the related purchase invoice recorded January 5. The invoice showed the shipment was made on December 29, 2020, f.o.b. destination. select an option 3. A packing case containing a product costing $6,970 was standing in the shipping room when the physical inventory was taken. It was not included in the inventory because it was marked “Hold for shipping instructions.” Your investigation revealed that the customer’s order was dated December 18, 2020, but that the case was shipped and the customer billed on January 10, 2021. The product was a stock item of your client. select an option 4. Merchandise received on January 6, 2021, costing $1,394 was entered in the purchase journal on January 7, 2021. The invoice showed shipment was made f.o.b. supplier’s warehouse on December 31, 2020. Because it was not on hand at December 31, it was not included in inventory. select an option 5. Merchandise costing $1,476 was received on December 28, 2020, and the invoice was not recorded. You located it in the hands of the purchasing agent; it was marked “on consignment.” select an option

The following transactions and adjusting entries were completed by a local delivery company called Fast Delivery. The company uses straight-line depreciation for delivery vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for franchise rights.

2018

2019

Required:
Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

Problem 7.3. Let f (x, y) = x6 + 3xy + y2 + y4.
(a) Show that f remains unchanged if you replace x by −x and y by −y. Hence,
if (x, y) is a critical point of f, so is (−x, −y). Thus, critical points other than
(0, 0) come in ± pairs.
140 7 Optimization in Several Variables
(b) Compute the partial derivatives of f . Show that solve applied directly to
the system fx = fy = 0 fails to locate any of the critical points except for (0, 0).
(c) Let’s compensate by eliminating one of the variables and then using solve
followed by double. First solve for y in terms of x in the equation fx = 0.
Substitute back into the formula for fy and then apply first solve and then
double. You should end up with three critical values of x, giving a total of
three critical points. Find the numerical values of their coordinates. (Be sure
you have set x and y to be real; otherwise you will also end up with many
irrelevant complex critical points.)
(d) Confirm the calculation of the critical points by graphing the equations fx =
0 and fy = 0 on the same set of axes (using fimplicit and hold on). You
should see exactly one additional pair of critical points (in the sense of (a)).
(e) Classify the three critical points using the second derivative test.
(f) Apply fminsearch to f with the starting values (1, 1) and (0, 0). Show
that in the first case you go to a minimum and that in the second case you stay
near the saddle point.

To please be done in excel: ABC Pty(Ltd) is a manufacturing company that has been listed on the Stock Exchange for the last 15 years. Approximately 35 percent of its sales are to government and 65 percent to private customers. The company has been growing erratically in recent years, but in real terms at a rate on average equal to that of the economy as a whole. Recent analyst’s reports suggest that the firm’s rate of growth might increase significantly in the near to mid future because of the government’s accelerated infrastructure investment program. However, ABC management believes that the analysts are overoptimistic in this regard and are worried about the effects of increased inflationary pressures. The company’s shares, which are largely institutionally held, are currently selling at 14 times earnings. The industry average PE ratio is 12. The company’s Return on Equity (ROE) was 17% p.a. compared to the industry average of 23%. The company’s most recent total dividend payout was $5m which represented a dividend cover of 2.5 times (the industry average is 2 times). The company has assets of $200 million and a debt to capital ratio of 20 percent (the industry average is 22 percent). ABC is budgeting for growth in the next 12m and needs an additional $25 million in capital over and above additions to retained earnings to support its projected level of business activties. a. Identify the stage of this company’s lifecycle and identify the normal sources of funding for such a stage. b. Calculate the company’s current Debt/Equity (D/E) ratio. What would it the new D/E ratio be if it raises debt to finance its growth?

QUESTION 21

Of the following fiscal programs, which has the biggest effect, per dollar, on aggregate demand?

QUESTION 22

One lesson of the Great Depression was that potential GDP could

QUESTION 23

Prior to the Great Depression, the principal fiscal policy was a balanced budget.

QUESTION 24

Raising taxes as an element of discretionary fiscal policy is intended to reduce aggregate demand, but it can also reduce aggregate supply if

QUESTION 25

Supply-side economics emphasized government policies to

1. Sharks are able to detect bioelectric fields of their prey. What other adaptations (morphological, behavioral, or physiological) do these sharks possess that make them excellent predators?
2. What are two features that put the octopus in the phylum Mollusca?
3. Which is more closely related to a human, an octopus or tunicate? Why?
4. What body form do sea jellies exhibit, medusa or polyp? What 3 or 4 components of the organism can you identify?
5. Why does a sea otter groom its fur so much?
6. How do they obtain their food preferences? How does it eat hard-shelled prey?
7. How do sea otters “stay warm”? How does this differ from the way in which seals stay warm?
8. . What type of coloration do penguins exhibit and how does this type of coloration aid them in their natural environment?
9. What other organisms at the aquarium have this type of coloration?
10. How is their body shape and morphology adapted for an aquatic habitat?
11. the giant sea bass, also known as the black sea bass. These fish were hunted to near extinction before laws were put in place to protect them. How does this fish move?
12. What do you think is this animal’s top predator as a full-sized adult?
13. What type of coloration do they exhibit?
14. What are two ways by which seals and sea lions differ anatomically?
15. Which set of flippers do sea lions use for propulsion? Seals?
16. How do you generally identify males vs. females?

An economist with a major bank wants to learn, quantitatively, how much spending on luxury goods and services can be explained based on consumers’ perception about the current state of the economy and what do they expect in the near future (6 months ahead).  Consumers, of all income and wealth classes, were surveyed.  Every year, 1500 consumers were interviewed.  The bank having all of the data from the 1500 consumers interviewed every year, computed the average level of consumer confidence (an index ranging from 0 to 100, 100 being absolutely optimistic) and computed the average dollar amount spent on luxuries annually.  Below is the data shown for the last 24 years.

Date                 X                     Y (in thousands of dollars)

1994                79.1                 55.6

1995                79                    54.8

1996                80.2                 55.4

1997                80.5                 55.9

1998                81.2                 56.4

1999                80.8                 57.3

2000                81.2                 57

2001                80.7                 57.5

2002                80.3                 56.9

2003                79.4                 55.8

2004                78.6                 56.1

2005                78.3                 55.7

2006                78.3                 55.7

2007                77.8                 55

2008                77.7                 54.4

2009                77.6                 54

2010                77.6                 56

2011                78.5                 56.7

2012                78.3                 56.3

2013                78.5                 57.2

2014                78.9                 57.8

2015                79.8                 58.7

2016                80.4                 59.3

2017                80.7                 59.9

Question:

1. Measure the strength of the linear association between consumers’ moods and the dollar amounts spent on luxury items.

An economist with a major bank wants to learn, quantitatively, how much spending on luxury goods and services can be explained based on consumers’ perception about the current state of the economy and what do they expect in the near future (6 months ahead).  Consumers, of all income and wealth classes, were surveyed.  Every year, 1500 consumers were interviewed.  The bank having all of the data from the 1500 consumers interviewed every year, computed the average level of consumer confidence (an index ranging from 0 to 100, 100 being absolutely optimistic) and computed the average dollar amount spent on luxuries annually.  Below is the data shown for the last 24 years.

Date                 X                     Y (in thousands of dollars)

1994                79.1                 55.6

1995                79                    54.8

1996                80.2                 55.4

1997                80.5                 55.9

1998                81.2                 56.4

1999                80.8                 57.3

2000                81.2                 57

2001                80.7                 57.5

2002                80.3                 56.9

2003                79.4                 55.8

2004                78.6                 56.1

2005                78.3                 55.7

2006                78.3                 55.7

2007                77.8                 55

2008                77.7                 54.4

2009                77.6                 54

2010                77.6                 56

2011                78.5                 56.7

2012                78.3                 56.3

2013                78.5                 57.2

2014                78.9                 57.8

2015                79.8                 58.7

2016                80.4                 59.3

2017                80.7                 59.9

Question:

1. Do you think that measuring the level of optimism is a good predictor for trying to forecast future spending on luxury items?  Explain why or why not.

Suppose a vertical pipe is to be used as part of a system to manually cycle nutrients upward from the floor of a lake. (Many lakes do this naturally, some do not. Green Lake, near Syracuse, NY, is one such lake.) A pump is to be installed on the lake floor at the base of the pipe. The base of the pipe will have a diameter of 9 cm. The nozzle of the pipe at the top will have a diameter of 4 cm. The lake is 59 m deep at the installation point. (Ignore any viscosity.)

f.)Write an equation that expresses the heat current H of conduction through the ice as a function of the thickness h of the ice sheet (of area A) already formed. Assume the air temperature is a constant -10 ?C, and that the temperature of the bottom of the ice sheet is 0 ?C.

(g) (1 point) Since H = dQ dt , use your answer to (f) to express the amount of heat dQ conducted through the ice sheet in time dt.

(i) (2 points) Express the amount of heat dQ that must be removed from the water at the bottom of the ice sheet to freeze the mass dm you found in (g).

(j) (2 points) Based on (g) and (i), set the expressions for dQ equal to each other to obtain a differential equation relating the heat that must be removed to freeze a new layer to the heat conducted through the ice sheet.

(k) (2 points) Separate variables, and integrate to find the thickness h of the ice sheet as a function of time t. (Note that h = 0 when t = 0