PVR Cinemas decide to continue screening a super hit film released on 17 March 2020 for the next two month till 15 May 2020 as they expect the revenue to increase in the month of April & May due to school vacation. The management opened advance booking for the tickets and all the tickets got sold. The cinemas received ₹ 60 lacs in total revenue for this 60-day screening of the movie. How should the cinema’s accountant treat this revenue? Explain the accounting concept that will aid the accountant in this treatment.
(a) What is Accrual Accounting? How does it differ from the Cash basis of Accounting?

(b) “The matching principle poses major challenges to the accountant.” Do you agree?
(a) How are common size statements useful to the analyst?

(b) Identify three financial ratios on which the management of a retail store should focus.

Is your electric blanket safe? It has been theorized that excess nighttime exposure to electromagnetic fields may reduce the production of the hormone melatonin in certain women. Furthermore, reduced melatonin levels might lead to an increased risk of breast cancer. Scott Davis at Seattle's University of Washington School of Public Health and Community Medicine was one of the first to investigate links between electromagnetic fields and cancer (particularly leukemia). He has been quoted as saying, "Electric blankets were pretty effectively re-engineered a number of years ago. Modern-day electric blankets ? anything you buy in the store now ? (has a different) configuration of the heating elements in the blanket so that it doesn't produce any magnetic fields." How could the wiring in an electric blanket be designed to minimize or eliminate the production of external magnetic fields?

At Rochester Institute of Technology, 34% of the students are female. The Department of Mathematics and Statistics would like to know if the Data Analysis course has a different percentage of female students. From a random sample of 50 students taking this course, 23 were female. Does this data support that the proportion of females taking this class is different from the percentage of females in the school?

The appropriate hypotheses would be:

A) H o μ = 34 a n d H A μ ≠ 34

B) H o p = 0.34 a n d H A p ≠ 0.34

C) H o p ≤ 0.34 a n d H A p > 0.34

D) H o p ≥ 0.34 a n d H A p < 0.34

Answer: A, B, C, D?

The Test Statistic would be:?

The P-value would be:?   

The Conclusion would be:?

What do you think about competitive academic activities, such as spelling bees, focusing on the following questions:

(1) Do spelling bees and other academic competitions encourage or discourage working hard?

(2) What are the effects on self-concept and self-esteem for the few winners and the many losers?

(3) Do these events encourage a mastery orientation, a learned-helpless approach, or both?

(4) What types of comments can teachers make if they want to offer process praise rather than person praise for students’ performance in academic competitions?

(5) Do students think that competitive school activities should be eliminated? Why or why not?

(6) How would you suggest modifying the structure of spelling bees and other competitive academic activities so that they encourage cooperation among children, rather than just competition?

1) Rising worker productivity means that more workers are demanded, other things being equal. When workers have access to better tools, they can produce more, and when they produce more, they become more valuable to their companies. If this works, then why do some people oppose technological progress, fearing that better technology will lead to less, not more, jobs being created?

2) Suppose that you have a choice between two options. Option A - you can study four years in the world’s best university, but you are not allowed to tell anyone that you have studied there. Option B - after 4 years of never once attending the world’s best university, you will get the diploma from this school and you can display it whenever and however you please. Which of these options would enhance your future earnings more and why?

In the recent years, concussions in children and young adults during sporting events has been getting more and more attention due to the complications of them. What are concussions, how do they occur, and what are the short and long-term complications and concerns associated with them?

Chronic traumatic encephalopathy (CTE) is a major long-term concern associated with repeated brain trauma, such as concussions. Does the research on CTE provide enough evidence for more action to be taken regarding concussions that occur during junior high, high school and college sporting events? For example, should an athlete suffer two or more concussions, should he/she be restricted or banned from playing that sport? After this research- do you or would you have concerns about your child/ren playing a sport where concussions could commonly happen, such as football, hockey, or soccer?

Question 3:

A) Why is education level such a strong variable in a typical worker’s human capital earnings function and the age–earnings profile? How might the human capital investment (the dominant) view contrast to the screening, signaling and ability hypotheses (to explain the connection of education to earnings)?

B) What is the "college/high school earnings premium"? How has this altered the human capital investment decision of individuals who are weighing the potential, long-run benefits vs. costs of higher education? How might it alter a college student's choice to work (or not) at a paid job WHILE they are enrolled in college (classes)?

C) Which side has more incentive to make the often costly, up-front investments in firm-specific vs. industry-specific vs. general training? Why? Provide a concrete example of each type of training.

Andy "Nard Dog" Bernard graduated from Cornell in May of 2018 with a BA in Women's Studies. As a graduation gift, Nard Dog's father, a widower, gave him an old Toyota Prius because, according to the father, "the Ferarri is more your brother's style and the old Prius reminds me of you." The Prius was originally purchased 8 years ago for $33,000 and today it is worth $16,000.

1. How much of the gift is subject to the gift tax?

2. If Andy's father sold the Prius for $16,000 and then gave Andy the proceeds from the sale, how much of the gift would be subject to federal gift taxes?

3. If Andy's father sold the Prius for $16,000 and then gave the proceeds from the sale to Cornell to pay for Andy's graduate school tuition, how much of the gift would be subject to federal gift taxes?

Under the U.S. government’s method of counting persons, a person who is a student and does not work is considered out of

the labor force. Conceptually, persons who are out of the labor force are supposed to be unwilling to work regardless of the wage offered to them.

i.) Based on the observation above (that graduate/professional school enrollments increase during recessions), do you think that graduate students are really unwilling to work regardless of the wages that might be offered to them?

ii.) Explain why it would be at least somewhat misleading to count graduate/professional students as either employed or unemployed.

iii.) If you were particularly interested in the labor market for young college graduates, what category would you put them in—one of those above or something else? Why? (There is no “right” answer to this, but the question will help you understand the choices faced by people who collect and analyze employment data.)

A simple subsidy (s) reduces the price of a good from P to P-s. On the other hand, a voucher scheme grants to the consumer the ability to consume a stated quantity of the good (label it X1s on the horizontal axis) in exchange for the voucher (which has no cost). Assume the high school graduating class of 2018 in Columbia received a voucher that would cover all tuition and fees for either 60 hours at a community college or 30 hours at a state university.

a. Illustrate and explain why a voucher scheme would be particularly effective in encouraging the consumption of the vouchered good for consumers who would otherwise have chosen little or none of the good. The voucher has no cost to the consumer and it cannot be sold (4 points).

b. Explain how introduction of this voucher into a market where it did not exist before will affect the market price of community college or university education and the feasible budget set for the consumer