Assuming that you are recently joined as an Accounting technician in Barka Egg Factory in Muscat. Your duty is
to record and maintain every monetary transaction of an organization. At the end of the year, you have prepared a
Trial balance to check the arithmetic accuracy of the transactions. You are surprised that your Debit balance of OMR
5,800 are more than your Credit Balance. Later you discovered that you have committed so many errors while
recording and posting the transactions.
Required:

a) Prepare a Trial balance showing the above shortage of debit balance.

b) What type of error you have committed while recording and posting the transactions? Explain in detail
atleast any four types of errors which you have committed with an example of each error.

** Students are asked to prepare a trial balance with atleast 30 accounts such as Purchase, Sales, Various
expenses and income etc. (Imaginary figure can be used).

In a restaurant that allows smoking, your consumption of cigarettes may have a negative effect on my enjoyment of a restaurant meal. Yet you do not in any way pay for this negative effect on me.

a. (5 points) From this information, decide on the type of externality your consumption creates in the market for cigarettes. Explain in detail, using words and an appropriate graph, the nature of the externality.

b. (5 points) In your graph denote the magnitude of the excess burden (deadweight loss) arising from this externality.

c. (5 points) Now assuming that this externality is the pre-existing distortion in the market, there is an additional tax imposed on the buyers of cigarettes. What do you expect would happen to the excess burden (deadweight loss) of this tax? Describe in words how the graph would alter with the tax and draw a new graph to show the effect on the excess burden (deadweight loss).

d. (5 points) Discuss if the theory of second best holds in this case.

1.Which one of the following statements about refinement and abstraction is TRUE?

Select one:

Abstraction and refinement are the same.

The process of describing more detail about how an instruction should be carried out is called abstraction.

Abstraction is the hiding of details that are not currently important.

Stepwise refinement is only possible with algorithms and not pseudocode.

Lower level details of how an abstracted algorithm is carried out never have to be written.

2.

What is the data type of the expression ’True’ ?:

Select one:

floating point

floating point

boolean

string

list

3.Which one of the following about data is FALSE?

Select one:

Data can only be in the form of strings.

Data is information.

Computer programs need data to do anything useful.

All input and output is data.

At a low enough level of abstraction, all data is numbers.

Create your own hypothetical capital budgeting project.

Make up a company (it could be real or fictional) and make up/describe a potential project for that company (you should be able to do this in one or two sentences…don’t worry about extreme detail).

1.Create a cash flow stream for this project (the cash flow stream should be between 4-7 years in length), a critical acceptance level (T), and a required return (k). (Hint: Your cash flows must exceed your initial investment and your critical acceptance level must be less than the length of the project).

2. Calculate the PP, IRR, and NPV for your project

3.For each decision technique, identify whether or not that technique suggests you should accept or reject the project

Overall, identify whether or not you should accept or reject the project and why. Note that part D is asking for 3 answers (one for each decision technique) while E is just asking for one answer – what is your final recommendation. Also, why doesn’t need to be a long answer, just a few words.

Question: Describe various policy measures taken by governments and Central Banks to deal with Corona Pandemic. How effective have been these policy measures, especially monetary and fiscal policies, in reducing the severity of the crisis? Take one or more countries as examples for your study. Provide data and analysis to support your answer.

Direction: Please answer the question in detail. Support your answer with data and references as much as possible. Do not copy and paste. Write in your own words and provide references wherever applicable. Use economic terminologies as much as possible. Write legibly in complete sentences using correct English language. There is no page limit.

Question: Describe various policy measures taken by governments and Central Banks to deal with Corona Pandemic. How effective have been these policy measures, especially monetary and fiscal policies, in reducing the severity of the crisis? Take one or more countries as examples for your study. Provide data and analysis to support your answer. Direction: Please answer the question in detail. Support your answer with data and references as much as possible. Do not copy and paste. Write in your own words and provide references wherever applicable. Use economic terminologies as much as possible. Write legibly in complete sentences using correct English language. There is no page limit. (macroeconomic)

Both Nietzsche (i.e., his irrationalism/perspectivism), and Marx (i.e., modern materialism) base their theories of knowledge (epistemology) on a similar view of reality of the flux (their metaphysics) - namely, the view that everything is in constant state of change, of becoming. But they draw polar opposite conclusions from this. For Nietzsche he holds the view that there is no knowledge but only perspective, no facts but only interpretation. Marx, however, believes the world is fundamentally knowable, and that vast knowledge about the world is attainable despite the underlying flux, the constant state of becoming of all things. Explain how Marx/modern materialism is still able to account for a knowable world even with the flux, and thus rejects Nietzsche's irrationalism. (hint: quantitative and qualitative change)

Lump-Sum Purchase of Assets and Subsequent Events

Carter Development Company purchased, for cash, a large tract of land that was immediately platted and deeded into the following smaller sections:

Section 1, retail development with highway frontage
Section 2, multifamily apartment development
Section 3, single-family homes in the largest section

Based on recent sales of similar property, the fair market values of the three sections are as follows:

Section 1, $669,300
Section 2, $407,400
Section 3, $378,300

Required:

1. What value is assigned to each section of land if the tract was purchased for (a) $1,455,000, (b) $1,799,000, and (c) $1,185,000?

2. How does the purchase of the tract affect the balance sheet?

The purchase of the land   total assets.

3. Why would Carter be concerned with the value assigned to each section? Would Carter be more concerned with the values assigned if instead of purchasing three sections of land, it purchased land with buildings?

Carter would be concerned with the   if it intended to sell one or two sections and keep others. Carter would want the section it intended to sell to be assigned the   value in order to defer a gain.

LP05 Assignment: Medicaid and HMO Paper

HA3120D - Essentials of Managed Care

Review the following video: Medicaid and HMOs Video.
• Assignment: Should Medicaid and HMOs join forces?
• Write a 2 – 3 page paper in what you find out about whether or not the HMO’s representative claims were correct. Does an HMO, enrolling Medicaid patients promise; one, cost efficiency and two improvements in quality of care? One site you can get started is The National Bureau of Economic Research. There are many other sites you can look at to get data about this. So that’s your assignment. Good idea? Bad idea and why? Back it up with some good data. That’s all there is to it. Good Luck!”

Consider:
• Would the state save money by enrolling members in an HMO? How so?
• What would happen to the quality of care? Give possible examples. Cite your references.