1. Suppose the data for a hypothetical economy is given above. This economy produces only 3 things, pizzas, haircuts and tanks. The base year is 2019.
Quantity of pizzas |
Quantity of haircuts |
Quantity of tanks |
Price of pizzas |
Price of haircuts |
Price of tanks |
|
2019 |
100 |
20 |
10 |
$10 |
$15 |
$150 |
2020 |
120 |
30 |
12 |
$10 |
$16 |
$120 |
In: Economics
The following items were in transit to or from Power Corp. on December 31, 2009
Goods costing $4000 were sent FOB shipping point from Power Corp. to a customer
Goods costing $2580 were sent FOB destination to Power Corp. from a vendor
Goods costing $2960 were sent FOB destination from Power Corp. to a customer
Goods costing $1957 were sent FOB shipping point to Power Corp. from a vendor.
a) Which of these items should Power Corp. include in its December 31, 2009 inventory?
b) Explain the rationale for either including or excluding the items.
In: Accounting
Suppose that you are asked to equip a desktop with a wireless NIC. Which type of wireless network adapter would you want to purchase? Using the Internet, research different types of wireless client adapters for a desktop. Create a table or chart that shows the advantages and disadvantages of each type all along with the cost from at least three different online vendors. Which would you choose for a desktop? Why?
In: Computer Science
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows:
Year 1 | Year 2 | ||||
Sales (@ $60 per unit) | $ | 1,020,000 | $ | 1,620,000 | |
Cost of goods sold (@ $36 per unit) | 612,000 | 972,000 | |||
Gross margin | 408,000 | 648,000 | |||
Selling and administrative expenses* | 301,000 | 331,000 | |||
Net operating income | $ | \107,000\ | $ | 317,000 | |
* $3 per unit variable; $250,000 fixed each year.
The company’s $36 unit product cost is computed as follows:
Direct materials | $ | 7 |
Direct labor | 12 | |
Variable manufacturing overhead | 4 | |
Fixed manufacturing overhead ($286,000 ÷ 22,000 units) | 13 | |
Absorption costing unit product cost | $ | 36 |
Forty percent of fixed manufacturing overhead consists of wages and salaries; the remainder consists of depreciation charges on production equipment and buildings.
Production and cost data for the first two years of operations are:
Year 1 | Year 2 | |
Units produced | 22,000 | 22,000 |
Units sold | 17,000 | 27,000 |
Required:
1. Using variable costing, what is the unit product cost for both years?
2. What is the variable costing net operating income in Year 1 and in Year 2?
3. Reconcile the absorption costing and the variable costing net operating income figures for each year.
In: Accounting
The estate tax in the United States is a progressive tax on the estate of a deceased person before their property (real estate, stocks and bonds, business interests, etc.) is transferred to their heirs. In 1906, President Theodore Roosevelt proposed a federal estate tax, saying, "The man of great wealth owes a particular obligation to the State because he derives special advantages from the mere existence of government." The estate tax was passed in the Emergency Revenue Act of 1916 in preparation for WWI. The first estate tax was imposed on the value of an estate over $50,000 (roughly $850,000 in today’s dollars) at a graduated rate of one to five percent.
The debate surrounding the estate tax has existed in many forms since Teddy Roosevelt's proposal. It has become especially heated in recent years with the rise of an anti-estate tax movement. This movement really began in 1993 when a group of wealthy families, under the lead of the Mars family, began a Washington lobbying campaign against what they would soon term the "death tax" because of its political advantages. While the debate is often framed only as a class-war debate (with the wealthy being seen as the potential benefactors of a ban and the poor the losers), it also encompasses other questions that are unrelated to class and wealth. The effect on the US fiscal budget is one consideration that is particularly heavily debated with some estimating the costs in the hundreds of billions of dollars and other estimating much lower costs. This question is particularly sensitive in the context of another debate on the extent of any fiscal problems in the US which would also effect thinking on the ability of the US to absorb tax revenue losses of any kind. Another question surrounds the extent of economic impacts. One particularly extensively debated topic among scholars and politicians alike is how estate taxes affect wealthy savings rates and corresponding levels of consumption and economic generation.
Is the estate tax unfair to the wealthy? Why or why not?
Could you argue that the assessing the estate tax constitutes “double taxation”?
Do you believe that having or not having the estate tax really matters economically in the big picture?
Do you think that removing the estate tax would reduce what individuals pass on to charity?
Would getting rid of the estate tax be an irresponsible thing to do?
How does the estate tax in the United States compare to that of other countries?
In: Accounting
The manager of Furniture For Less has approved Mac's application for 36 months of credit with maximum monthly payments of $32. If the APR is 20.2 percent, what is the maximum initial purchase that Mac can buy on credit?
$627.53
$1,047.91
$858.70
$870.58
$617.19
In: Finance
We are evaluating a project that costs $1,740,000, has a life of 6 years, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 86,700 units per year. Price per unit is $38.07, variable cost per unit is $23.30, and fixed costs are $821,000 per year. The tax rate is 22 percent, and we require a return of 9 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within ±10 percent. Calculate the best-case and worst-case NPV figures. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.)
In: Finance
Exercise 11-17 Cost of a natural resource; depletion and depreciation; Chapters 10 and 11 [LO11-2, 11-3]
Jackpot Mining Company operates a copper mine in central
Montana. The company paid $1,650,000 in 2018 for the mining site
and spent an additional $730,000 to prepare the mine for extraction
of the copper. After the copper is extracted in approximately four
years, the company is required to restore the land to its original
condition, including repaving of roads and replacing a greenbelt.
The company has provided the following three cash flow
possibilities for the restoration costs (FV of $1, PV of $1, FVA of
$1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate
factor(s) from the tables provided.):
Cash Outflow | Probability | |||
1 | $ | 430,000 | 15% | |
2 | 530,000 | 45% | ||
3 | 730,000 | 40% | ||
To aid extraction, Jackpot purchased some new equipment on July 1,
2018, for $260,000. After the copper is removed from this mine, the
equipment will be sold for an estimated residual amount of $34,000.
There will be no residual value for the copper mine. The
credit-adjusted risk-free rate of interest is 12%.
The company expects to extract 11.3 million pounds of copper from
the mine. Actual production was 2.9 million pounds in 2018 and 4.3
million pounds in 2019.
Required:
1. Compute depletion and depreciation on the mine
and mining equipment for 2018 and 2019. The units-of-production
method is used to calculate depreciation.
In: Accounting
LinkedList.h:
/*-- LinkedList.h --------------------------------------------------------------
This header file defines the data type List for processing
lists.
Operations are:
Constructor
Destructor
Copy constructor
Assignment operator
insert: Insert an item
erase: Remove an item
getListElement: get a range of list elements
-------------------------------------------------------------------------*/
#ifndef LINKED_LIST_H
#define LINKED_LIST_H
class LinkedList
{
public:
typedef int ListElement;
private:
/******** Data Members ********/
class Node
{
public:
ListElement
data;
Node *
next;
};
Node *first;
// pointer to first
element in linked list
int getListSize() const;
public:
/******** Error Codes ********/
static const int ILLEGAL_LIST_POSITION =
-1;
static const int NO_ERROR = 0;
LinkedList();
~LinkedList();
LinkedList(const LinkedList &
origList);
const LinkedList & operator=(const
LinkedList & rightHandSide);
int insert(ListElement item, int
pos);
int erase(int pos);
int getListElement(int posStart, int
posEnd, ListElement rv[]) const;
}; //--- end of List class
#endif
LinkedList.cpp:
/*-- LinkedList.cpp-----------------------------------------------------------
This file implements List member functions.
-------------------------------------------------------------------------*/
#include <new>
#include <iostream>
#include "LinkedList.h"
//--- Definition of class constructor
// Construct a List object.
// Precondition: None.
// Postcondition : An empty List object is constructed; first ==
nullptr
//--- Definition of class destructor
// Destroys a List object.
// Precondition : The life of a List object is over.
// Postcondition : The memory dynamically allocated to the linked
list is now deallocated
//--- Definition of copy constructor
// Construct a copy of a List object.
// Precondition: A copy of origList is needed; origList is a
const
// reference parameter.
// Postcondition: A copy of origList has been constructed.
//--- Definition of assignment operator
// Assign a copy of a List object to the current object.
// Precondition: rightHandSide List is required.
// Postcondition : A copy of rightHandSide has been assigned to
this
// object. A const reference to this list is returned.
//--- Definition of insert()
// Insert item at pos position.pos 0 is the first element position
in the list
// Precondition : A constructed list, either empty or with
elements
// Postcondition : inserted item into list at pos position
// Returns ILLEGAL_LIST_POSITION for insert that is out of range of
the current list,
// Otherwise return a NO_ERROR.
//--- Definition of erase()
// Erase item at pos position.pos 0 is the first element position
in the list.
// Precondition: A constructed list, either empty or with
elements
// Postcondition : erased item at pos position
// Returns ILLEGAL_LIST_POSITION for erase that is out of range of
the current list,
// Otherwise return a NO_ERROR.
//--- Definition of getListElement()
// Returns list values
// Precondition : A constructed list, either empty or with
elements.
// The rv[] array must be large enough to hold the returned
contents.
// Postcondition : Fills array rv with the list elements
specified
// Returns ILLEGAL_LIST_POSITION for move that is out of range of
the current list,
// Otherwise return a NO_ERROR. Both posStart and posEnd must be
valid positions
// and posStart <= posEnd.posStart is an index to the start of
the data and
// posEnd is an index to the end of the data.To retieve one
element
// posStart and posEnd will be the same value.
int LinkedList::getListElement(int posStart, int posEnd,
ListElement rv[]) const
{
if (posStart < 0 || posStart >=
getListSize() || posEnd < 0 || posEnd >= getListSize() ||
posStart > posEnd)
{ // check for valid paramenters
return
ILLEGAL_LIST_POSITION;
}
Node *current = first; // point
to zero node
for (int i = 0; i < posStart; i++)
{ // loop to find the node
current =
current->next;
}
for (int i = 0; i < ((posEnd - posStart)
+ 1); i++)
{ // put returned elements in the beginning
of the list
rv[i] =
current->data;
current =
current->next;
}
return NO_ERROR;
}
//--- Definition of getSize()
// returns the size of the list. Do not change this.
int LinkedList::getListSize() const
{
int rv = 0;
Node *current = first;
for (; current != nullptr;)
{
rv++;
current =
current->next;
}
return rv;
}
In: Computer Science
QUESTION 40
An even number of meeting participants is best because it allows for an equal number of people on both sides of a disagreement.
True
False
2 points
QUESTION 41
Manager M ichael Scott is deciding how to engage others. Michael should be clear about:
A. |
boundaries, such as rules, procedures and resource constraints |
|
B. |
how the task should be completed |
|
C. |
employee norms but not the specific roles that employees will play in tasks |
|
D. |
All of the above |
2 points
QUESTION 42
You have decided to enforce a new policy on dating in the office. You reason that you should treat other employees the same way that you would like to be treated. Which ethical test are you employing?
A. |
Personal Gain Test |
|
B. |
Moral Integrity Test |
|
C. |
Cost-Benefit Test |
|
D. |
Golden Rule Test |
2 points
QUESTION 43
Which of the following is NOT one of the five P’s of effective meetings?
A. |
Participants |
|
B. |
Plan |
|
C. |
Promotion |
|
D. |
Perspective |
|
E. |
Purpose |
2 points
QUESTION 44
To prevent groupthink:
A. |
the leader of the group should discourage team members from expressing deviant viewpoints. |
|
B. |
the team should invite outside experts to listen to the rationale for the team’s decision and critique it |
|
C. |
the team leader should express an opinion at the outset of the meeting to save time. |
|
D. |
All of the above |
|
E. |
None of the above |
2 points
QUESTION 45
According to the narrated power point presentation on ethics, the utilitarian approach:
A. |
focuses on one’s motives and character - consequences are irrelevant. |
|
B. |
is problematic because it promotes “ends justify the means” thinking |
|
C. |
is the approach that is most commonly used by American managers |
|
D. |
a and b only |
|
E. |
b and c only |
2 points
QUESTION 46
In providing resources so that others may accomplish their work, if individuals believe they have the resources they need to be successful and they have the freedom to pursue what they want to accomplish, you have fostered a sense of which dimensions of empowerment?
A. |
Self-efficacy and self-determination |
|
B. |
Personal control and trust |
|
C. |
Personal control and meaningfulness |
|
D. |
Self-determination and meaningfulness |
2 points
QUESTION 47
Which of the following suggestions for providing effective team feedback is/are provided in the textbook?
A. |
Focus feedback on the emotional release it provides for you, rather than the value it may have for the receiver. |
|
B. |
Focus feedback on inferences rather than observations and on judgments rather than descriptions. |
|
C. |
Focus on giving advice rather than on sharing ideas and information. |
|
D. |
All of the above |
|
E. |
None of the above |
2 points
QUESTION 48
Which of the following consequences would NOT be expected when you foster empowered engagement?
A. |
high morale and motivation |
|
B. |
stronger interpersonal relationships |
|
C. |
more discretionary time |
|
D. |
higher external locus of control when problems occur |
2 points
QUESTION 49
According to the textbook, problems with teams include:
A. |
compromising standards in order to get agreement from everyone |
|
B. |
avoiding the many benefits of groupthink |
|
C. |
moving through the norming stage before completing the storming stage |
|
D. |
All of the above |
|
E. |
None of the above |
2 points
QUESTION 50
What is the purpose of the best-self feedback process?
A. |
Provide individuals the opportunity to receive feedback about their strengths and unique capabilities |
|
B. |
Provide individuals the opportunity to give the organization feedback when they are feeling at their best |
|
C. |
Provide organizations the opportunity to increase individuals’ awareness of their traits and characteristics |
|
D. |
Provide individuals the opportunity to give feedback about other peoples’ weaknesses and unique challenges |
In: Operations Management
Consider the orthogonal coordinate system x = uv cosθ, y = uv
sinθ, z = (u2 −v2)/2, with u,v ≥ 0 and 0 ≤ θ < 2π.
Express the volume element dV in terms of u, v, θ.
In: Advanced Math
Write a beginner's program in Python to determine your car's gas mileage. You should use the input variables "miles_traveled" and "gallons_fuel" and the result should be stored in the variable "miles_per_gallon".
In: Computer Science
Why do you think that someone addicted to an opioid might have a relapse when using a methadone treatment center.
In: Psychology
Executives must consider the benefits and risks of competing internationally when making decisions about whether to expand overseas. Executives also need to determine the likelihood that their companies will succeed when they compete in international markets by examining demand conditions, factor conditions, related and supporting industries, and strategy, structure, and rivalry among its domestic competitors.
For these executives that may face many uncertainties in a global marketplace, assess the three possible risks that may be faced by decision-makes seeking to expand in global markets. Analyze all three risks listed below. In your own words, analyze what conditions may be present in a country that would cause concern for these decision-makers. Explain what political risks may be present. Describe the economic and cultural risks that may also be present. You do not need to select a country. Your responses to all three risks can be a general overview of potential problems that executives want to review and assess the potential negative impacts.
Political risk refers to the potential for government upheaval or interference with business to harm an operation within a country.
Economic risk refers to the potential for a country’s economic conditions and policies, property rights protections, and currency exchange rates to harm a company’s operations within a country.
Cultural risk refers to the potential for a company’s operations in a country to struggle due to differences in language, customs, norms, and customer preferences.
In: Operations Management
Identify and explain the threats and risks to files.
Identify and distinguish between isolation policy and file sharing policy.
What are the common resource permission access rights for files on Windows, for Mac and for Linux?
What are common file permission flags? How are they used?
What is the concept of “least privilege” as it applies to computer security? How is “least privilege” implemented in relation to file access and sharing on computer systems?
In: Computer Science