Connor and Martin have heard that IFRS is used internationally for financial statements but they know very little about it. Since they will most likely be going public and expanding internationally in the near future, they are considering switching to IFRS from GAAP and would like more information. They also realize if they go public and expand their business, they will have to deal with some issues they have not had to deal with previously, such as interim and segment reporting. For their first request, they would like you to research the following topics:

What are the similarities between GAAP and IFRS?

What are the major differences between GAAP and IFRS?

What are the requirements for interim reporting under both GAAP and IFRS?

Are there any problems or issues associated with interim reporting?

What are the advantages and disadvantages of providing segmented reporting?

What are the requirements for segment reporting under both GAAP and IFRS? Include the definition of an operating segment.

Memorandum Mechanics should be as follows:

The body of the memorandum should be a professional presentation centered on clear and concise writing. The responses to the questions should be detailed, well researched, and specifically related to CMC's industry.

The memorandum itself does not have to be in APA format. However, you should have in-text citations and a reference page. Both of these items should be in APA format.

Use the FASB Codification and IFRS to address all technical accounting issues presented in the questions, being certain to reference the applicable sections of the Codification and IFRS in your report. You may quote directly from the Codification and IFRS as long as all direct quotes are included in quotation marks.

The Mars Reconnaissance Orbiter (launched on 8/12/2005) achieved a nearly circular orbit in September 2006 with a period of T = 6.72 x 10³ s. The mass, M, of Mars is 6.417 x 10²³ kg and its radius, R_Mars, is 3.39 x 10⁶ m.

The mass, m, of the Orbiter is 1,031 kg.

1) The Net Radial Force, ΣF_r, acting on the Orbiter as it orbits Mars, is due to the gravitational force between it and Mars. ΣF_r = GMm/r², where r is the orbital radius.

True or False

2) This Net Radial Force, ΣF_r, is also equal to mv²/r = m(2π/T)²r.

True or False

3) Accordingly, r = [GM(T/2π)²]^1/3

True or False

4) The speed, v, and the radius, r, of the Orbiter depend on the Orbiter's mass.

True or False

5) The Orbiter is _____x 10⁶ m from the center of Mars. Show your answer with the correct number of significant figures.

True or False

6) How many times does the Orbiter circle Mars in one earth day? (Show three significant figures in your answer. Don't try to use exponential notation. Use numbers like 3.76 or 15.9)

7) The value of g, gravitational acceleration, near the surface of Mars is ______ m/s².

8) An engineer is planning to put another satellite around Mars with a radius of r = 4.000 x 10⁷ m. Its speed in m/s would be:

9) What is the period, T, of the above planned satellite in earth days (to 2 significant figures)?

A commercial bank can increase its (total) loans by an amount equal to its

Group of answer choices

holdings of government securities. (ie .e., the value of)

required reserves

excess reserves

checkable deposits

18

If the reserve ratio is 20%, the value of the money multiplier would be

Group of answer choices

10

5

20

0.5

19

Assuming that the banking system is “all loaned up”. Based on your above answer, given an increase in checkable deposits of $10 billion, how much money could the banking system potentially create?

Group of answer choices

$0—only the Fed can create money (by “printing it”)

$20 billion

12.5 billion

$50 billion

$40 billion

20

What assumption(s) must be made when you derived your answer for question 19?

Group of answer choices

banks must be willing to loan out all their excess reserves

interest rates must be at fairly low levels

the economy must be at or near full employment

the demand for money must be constant

none are correct — only the Fed can create money

21

As part of the Federal Reserve System, how many “regional” federal reserve banks are there?

Group of answer choices

1

12

50

24

22

To say that Federal Reserve Banks are "quasi-public" institutions means that

Group of answer choices

they are privately owned, but publicly controlled

they deal only with commercial banks, not the public

they deal only with the public, not commercial banks

they are publicly owned, but privately managed

12) Two identical particles of charge 6 μC and mass 4 μg are initially at rest and held 4 cm apart. How fast will the particles move when they are allowed to repel and separate to very large (essentially infinite) distance? Answer: Last Answer

Hint: The particles are identical, so you can assume that the scenario is symmetrical. Use energy conservation: What type of energy is stored in the system when the particles are near each other and at rest? How does the voltage of a particle allow you to compute this energy? What about when the particles have flown away from each other? What is the relationship between these energies, according to energy conservation? (Also, remember that the SI unit for mass is the *kilo*gram and you are given the particle masses in *micro*grams.)

Now suppose that the two particles have the same charges from the previous problem, but their masses are different. One particle has mass 4 μg as before, but the other one is heavier, with a mass of 28 μg. Their initial separation is the same as before. How fast are the particles moving when they are very far apart? [Enter the heavier particle's final speed in the first box and the lighter particle's final speed in the second box.]

Answer 1 of 2:

Answer 2 of 2:

Hint: Notice that the asymmetry in the particle masses means that you cannot assume that they end up with the same speeds after separating. Use momentum conservation to help solve this problem.

Case Study

N. Got, P.Eng., has been hired recently as the chief engineer, as well as his assistant, James Lo, C.E.T., by a gold mine near a remote town in Northern Ontario. The mining company is the main employer in the region. Immediately upon starting the new job, N. Got spent some time reviewing the mining company’s operational procedures. No Got discovered that, for several years, tailing ponds at the mine have been releasing toxic and corrosive substances into the environment in violation of the law. N. Got also found in the company’s file a recent report prepared by an engineering consulting firm in Toronto. The report concerned an economic feasibility study for updating the mine’s facility. In the report, the engineering consulting firm specifically urged the mining company to undertake a number of expensive capital improvements necessary to ensure compliance with environmental law. N. Got also learned that the mining company could not afford the necessary improvements. N. Got found nothing in the mining company’s files that indicated that any governmental authorities were aware of the illegal discharges.

1. Discuss N. Got’s obligations with respect to the mining company

2. Discuss N. Got’s obligations with respect to the public. What is the public interest in this case? How would the public interest be impacted by N. Got’s actions? How should a potential mine closure and the resultant loss of a large number of jobs affect N. Got’s professional duties?

3. Discuss N. Got’s obligations with respect to the engineering consulting firm.

A 40-year-old male meter technician had just completed a seven-week basic lineman training course. He worked as a meter technician during normal working hours and as a line during unplanned outages. One evening, he was called to repair a power outage at your company. By the time he arrived at the site of the outage, he had already worked two hours of overtime and worked 14 straight hours the day before. At the site, a tree limb had fallen across an overhead power line. The neutral wire in the line was severed and the two energized 120-volt wires were disconnected. The worker removed the tree limb and climbed up a power pole to reconnect the three wires. He was wearing insulated gloves, a hard hat, and safety glasses. He prepared the wires to be connected. While handling the wires, one of the energised wires caught the cuff of his left glove and pulled the cuff down. The conductor contacted the victim's forearm near the wrist. He was electrocuted and fell backwards. Paramedics arrived five minutes after the contact. Firefighters lowered his dead body 30 minutes later. Based on the report, it is vital that this kind of accident should never have happened again. The upper management wants you to create based on the incident that happened, formulate a 10 Step Safety Operating Procedure (SOP) that can cover the element of hazard and mistakes being done. The SOP should have their own justification on why it is needed.

a) The electric potential at a position located a distance of 21.9 mm from a positive point charge of 8.20×10^-9C and 13.9 mm from a second point charge is 1.26 kV. Calculate the value of the second charge.
_____???

b) The potential difference between two parallel conducting plates in vacuum is 175 V. An alpha particle with mass of 6.50×10^-27 kg and charge of 3.20×10^-19 C is released from rest near the positive plate. What is the kinetic energy of the alpha particle when it reaches the other plate? The distance between the plates is 29.0 cm.
_____???

c) A positive charge of 4.80 μC is fixed in place. From a distance of 4.00 cm a particle of mass 5.20 g and charge +3.80 μC is fired with an initial speed of 76.0 m/s directly toward the fixed charge. How close to the fixed charge does the particle get before it comes to rest and starts traveling away?
_____???

d) A charge Q₁ = 1.23 μC is at rest and is located 2.10 cm away from another fixed charge Q₂ = 1.75 μC. The first charge is then released. Calculate the kinetic energy of charge Q₁ when it is 5.50 cm away from charge Q₂.
_____???

e) To recharge a 15.0 V battery, a battery charger must move 3.00×10⁵ C of charge from the negative terminal to the positive terminal. How much work is done by the battery charger?
_____???

Please help with this asap w/ work! Thanks!

Nephros Company is analyzing a project and has determined that the initial cost will be $720,000 and the required rate of return needs to be 15 percent. The project has a 60 percent chance of success and a 40 percent chance of failure. If the project fails, it will generate an annual after-tax cash flow of $145,000. If the project succeeds, the annual after-tax cash flow will be $320,000. The company has further determined that if the project fails, it will shut the project down after the first year and sell the equipment for the after-tax salvage value of $230,000. If however, the project is a success, the company can expand it with no additional investment and increase the after-tax cash flow to $340,000 a year for Years 2-5. At the end of Year 5, the project would be terminated and have no salvage value. What is the expected net present value of this project at Time 0?