#1
| Mexico | U.S. | |||
|---|---|---|---|---|
| Possibility | Planes | Cars | Planes | Cars |
| A |
9 |
0 | 15 | 0 |
| B | 6 | 9 | 10 | 10 |
| C | 3 | 18 | 5 | 20 |
| D | 0 | 27 | 0 | 30 |
A) Suppose, the world price for cars is $10,000. Further, the US has a quantity demand at that price of 1,000 cars, and a quantity supplied of 200. How many cars will the US import to satisfy domestic demand?
B) From the previous question, suppose the US imposes a $2,000 tariff on each car. Further, suppose that domestic quantity demand falls by 200 and the domestic quantity supplied rises by 200. What is the new quantity of imports? How does a tariff harm societal welfare?
In: Economics
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In: Accounting
Martinez Company began operations on January 1, 2019, adopting
the conventional retail inventory system. None of the company’s
merchandise was marked down in 2019 and, because there was no
beginning inventory, its ending inventory for 2019 of $38,300 would
have been the same under either the conventional retail system or
the LIFO retail system.
On December 31, 2020, the store management considers adopting the
LIFO retail system and desires to know how the December 31, 2020,
inventory would appear under both systems. All pertinent data
regarding purchases, sales, markups, and markdowns are shown below.
There has been no change in the price level.
|
Cost |
Retail |
|||||
|---|---|---|---|---|---|---|
|
Inventory, Jan. 1, 2020 |
$38,300 | $60,200 | ||||
|
Markdowns (net) |
12,700 | |||||
|
Markups (net) |
22,100 | |||||
|
Purchases (net) |
128,800 | 181,200 | ||||
|
Sales (net) |
169,500 | |||||
Determine the cost of the 2020 ending inventory under both (a) the
conventional retail method and (b) the LIFO retail method.
(Round ratios for computational purposes to 2 decimal
place, e.g. 78.72% and final answers to 0 decimal places, e.g.
28,987.)
| (a) |
Ending inventory using conventional retail method |
$enter a dollar amount rounded to 0 decimal places |
||
|---|---|---|---|---|
| (b) |
Ending inventory LIFO retail method |
In: Accounting
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In: Accounting
Introduction/Discussion Task: Often, business decisions involve choosing between alternative courses of action, and companies tend to want to find the alternative that offers the highest revenue or the most significant reduction in costs. Non-routine decisions use differential analysis. These include make-or-buy choices, whether to retain or drop a product line, or even if a customer should be retained or dropped. In using differential analysis, common revenues and costs are factored out of the assessment, thereby focusing on revenue and cost information that is specific to a given product, customer, or another point to be analyzed. Use the basic knowledge acquired from differential analysis to respond to the following discussion task: Continuing with the company selected in Unit 2, think about the types of financial data that would be included and excluded in differential analysis. Propose which specific revenues and costs should be considered in an evaluation to drop or keep a: Customer Product line In addition, explain sunk and opportunity costs as they relate to your selected company. Should these costs be considered in differential analysis? Why or why not?
Note: Your discussion should have a minimum of 2 450 words. Please include a word count. Following the APA standard, use references and in-text citations from the textbook and any other sources.
In: Accounting
On March 10, 2022, Oriole Company sells equipment that it purchased for $230,400 on August 20, 2015. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $20,160 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation.
Compute the depreciation charge on this equipment for 2015, for 2022, and the total charge for the period from 2016 to 2021, inclusive, under each of the six following assumptions with respect to partial periods.
| 2015 | 2016-2021 Inclusive | 2022 | |
| Depreciation is computed for the exact period of time during which the asset is owned. (Use 365 days for base and record depreciation through March 9, 2022.) | |||
| Depreciation is computed for the full year on the January 1 balance in the asset account. | |||
| Depreciation is computed for the full year on the December 31 balance in the asset account. | |||
| Depreciation for one-half year is charged on plant assets acquired or disposed of during the year. | |||
| Depreciation is computed on additions from the beginning of the month following acquisition and on disposals to the beginning of the month following disposal. | |||
| Depreciation is computed for a full period on all assets in use for over one-half year, and no depreciation is charged on assets in use for less than one-half year. (Use 365 days for base.) |
In: Accounting
Exercise 11-15 (Essay) On March 10, 2019, Lost World Company sells equipment that it purchased for $192,000 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $16,800 at the end of that time, and depreciation has been computed on that basis. The company uses the straightline method of depreciation. Following are the assumptions with respect to partial periods:
(1) Depreciation is computed for the exact period of time during which the asset is owned. (Use 365 days for the base and record depreciation through March 9, 2019.)
(2) Depreciation is computed for the full year on the January 1 balance in the asset account.
(3) Depreciation is computed for the full year on the December 31 balance in the asset account.
(4) Depreciation for one-half year is charged on plant assets acquired or disposed of during the year.
(5) Depreciation is computed on additions from the beginning of the month following acquisition and on disposals to the beginning of the month following disposal.
(6) Depreciation is computed for a full period on all assets in use for over one-half year, and no depreciation is charged on assets in use for less than one-half year. (Use 365 days for base.) Briefly evaluate the methods above, considering them from the point of view of basic accounting theory as well as simplicity of application.
In: Accounting
Exercise 11-15 (Essay)
On March 10, 2019, Lost World Company sells equipment that it
purchased for $192,000 on August 20, 2012. It was originally
estimated that the equipment would have a life of 12 years and a
salvage value of $16,800 at the end of that time, and depreciation
has been computed on that basis. The company uses the straightline
method of depreciation.
Following are the assumptions with respect to partial periods:
| (1) | Depreciation is computed for the exact period of time during which the asset is owned. (Use 365 days for the base and record depreciation through March 9, 2019.) | |
| (2) | Depreciation is computed for the full year on the January 1 balance in the asset account. | |
| (3) | Depreciation is computed for the full year on the December 31 balance in the asset account. | |
| (4) | Depreciation for one-half year is charged on plant assets acquired or disposed of during the year. | |
| (5) | Depreciation is computed on additions from the beginning of the month following acquisition and on disposals to the beginning of the month following disposal. | |
| (6) | Depreciation is computed for a full period on all assets in use for over one-half year, and no depreciation is charged on assets in use for less than one-half year. (Use 365 days for base.) |
Briefly evaluate the methods above, considering them from the point
of view of basic accounting theory as well as simplicity of
application.
In: Accounting
What is the context of the article? (By context, we mean describing the social, political, etc. landscape that surrounds a topic or idea)
Provide 4 claim made in the following article. Give explanations and evidence to support the claim
What was the bias in the following article and explain it
Harmonizing nurse education with U.S. hurts Canada's edge
ADRIANA BARTON
PUBLISHED MAY 12, 2016
A push to "harmonize" nursing education in Canada and the United States may threaten Canada's high standards in nurse training, according to a spokesperson for the Canadian Association of Schools of Nursing. In a report released in March, Canadian nursing schools outperformed their U.S. counterparts in the QS World University Rankings published by Quacquarelli Symonds, a British company specializing in education and study abroad.
The University of Toronto's Lawrence S. Bloomberg Faculty of Nursing placed third in the world, after the University of Pennsylvania in first place, followed by Johns Hopkins University in Baltimore, Md. Relative to the number of institutions assessed on either side of the border, however, Canada had a greater proportion of nursing schools in the Top 50 list.
But Canada could lose that edge if Canadian regulators go ahead with a plan to bridge the differences in standards between the two countries, said Cynthia Baker, executive director of the Canadian Association of Schools of Nursing. "Canadian nursing education is highly respected internationally and we should not be changing that to fit the needs of the U.S.," Baker said.
News of the plan to harmonize nursing education came in an article published in the spring edition of an online quarterly journal called Leader to Leader. The plan is part of a broader strategy to increase mobility among nursing graduates, according to a statement in the journal from a Canada-U.S. working group called the Harmonizing Education Regulatory Standards in Nursing. "Nurses often practice across borders, either by physical movement, distance education or telehealth," said the article, which was taken offline Wednesday in response to criticism. "Global consistency with nursing education regulatory approval standards would be beneficial for promoting more seamless mobility."
But according to Baker, Canada's nursing graduates are already at a disadvantage because of this strategy. Two years ago, Canada adopted a mandatory test called the NCLEX, developed in the United States to license graduates to practice nursing. In Canada, nursing schools in most provinces and territories were ill-prepared for the American test, which includes questions about care management that do not apply here, Baker said. In 2015, the pass rate for Canadians writing the test for the first time was 71 per cent. Among first-time francophone writers, the pass rate was only 27 per cent, "because the [French] translation was such a disaster," she said.
Canadian regulators adopted the U.S. licensing test without consulting non-regulatory nursing organizations in Canada. Canadian members of the harmonization team were drawn solely from provincial regulatory bodies, who are working with American partners without the knowledge of Canadian nursing educators or other professional nursing groups in Canada, Baker said.
Currently, Canadians (other than Quebeckers) must earn a bachelor of science in nursing to practice nursing in Canada, while Americans can practice with a BSN or an associate's degree in nursing or other diploma. Baker cited research evidence showing that a baccalaureate-prepared nursing work force provides significantly better and safer health care. "We believe this harmonization plan would have serious negative implications for health human resources and for the Canadian health-care system," Baker wrote in a letter to Canadian and American regulators on Friday. Leader to Leader subsequently removed the article.
Canada's success in the QS World University Rankings for nursing is based on global surveys of academic reputation, perceptions of graduate employers, research citations and measures of the global impact of scholarly publications. The 2015 rankings were the first to include nursing as a subject.
At the University of Toronto, researchers at the Lawrence S. Bloomberg Faculty of Nursing include internationally recognized leaders in postnatal depression and maternal mental health, patient decision-making in response to genetic testing for breast cancer, and monitoring of equity and access to health-care systems.
"The research underpins the evidence-based-practice approach to helping students learn how to deliver care," said Linda Johnston, dean of the Lawrence S. Bloomberg Faculty of Nursing. In addition, students develop clinical expertise during placements at world-leading care facilities such as Sick Kids and Mount Sinai Hospital, said Johnston, who was previously employed at the University of Melbourne and Queen's University in Belfast.
Since research findings may not be appropriate for every patient, becoming a first-rate nurse requires a sound understanding of how to interpret the evidence in daily practice while considering the patient and family's decisions, Johnston said. "I've only been at the U of T for two years, but I am always astounded by the insights and critical thinking that our students display."
Like Baker, Johnston expressed concern over the Canada-U.S. harmonization plan. "It may not make sense," she said, noting that the United States has "a completely different model of care delivery."
An American-style system that licenses nurses to practice without requiring a university degree may not foster the academic career pathways that have made Canada a world leader in nursing education, Johnston said. "Academics are getting older," she pointed out. "Where is the succession planning?"
She added that preparing Canadian nursing students to operate in a U.S. environment may encourage them to move to the States for better career prospects. "That could lead to a nursing shortage [in Canada]," she said.
In: Nursing
sales person interview How long have you been in this position? Have you worked in other sales jobs? What do you like the most about the job? What do you like the least? How much freedom do you have in setting up your schedule? Are you required to generate new customer leads? How do you do this? Do you do any networking? How do you do this? Do you work on commission? How is your salary structured (please don’t ask specific salary)? Does your company provide training? How do they do this? Do they provide you with sales materials? Do you have a set sales territory? How large is your territory? How many other reps work for the company in this area? What is the biggest challenge you have encountered in your job? How much rivalry is their between competitors in your business? Do you ever try to win back lost customers? How do you do this? What kind of customer services do you offer?
In: Operations Management