ACCT 304 Week 2 Quiz Perfect A+ Answer

ACCT 304 Week 2 Quiz Perfect A+ Answer

1. (TCO 4) Current assets include cash and all other assets expected to become cash or
be consumed
2. (TCO 4) Rent collected in advance is
3. (TCO 4) Janson Corporation Co.s trial balance included the following account
balances at December 31, 2011:
What amount should be included in the current liability section of Jansons December
31, 2011 balance sheet?
4. (TCO 4) Which of the following would be disclosed in the summary of significant
accounting policies disclosure note?
5. (TCO 4) Below is the partial balance sheet ($ in thousands) for Paisano Seafood Inc.

ACCT 212 Financial Accounting Final Exam Answer

ACCT 212 Financial Accounting Final Exam Answer
ACCT 212 Financial Accounting Final Exam Answer
1. (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1)
Explain why this process is required (10 points) and (2) provide an example of the
closing of an expense account, Income Tax Expense in the form of a journal entry (10
points). (Points : 20)
2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that
includes 10 steps to complete the accounting cycle. (1) Explain which financial reports
can be generated (10 points) and (2) provide an example of information that those
financial reports would provide. (10 points) (Points : 20)
3. (TCO 5) Internal Control Procedures are required to safeguard company assets and
to ensure ethical operation of the business. (1) Explain how comparisons and
compliance monitoring can satisfy the purpose of internal control (10 points) and (2)
provide an example of how this control could be implemented (10 points). (Points : 20)
4. (TCO 4) Inventory valuation methods determine the cost of goods sold and the
inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10
points) and (2) provide an example of the impact that this method of inventory
valuation will have on Cost of Goods Sold (COGS). (10 points) (Points : 20)
5. (TCO 1) To evaluate the financial operation and health of a business, ratio analysis is
used. (1) Provide the formula for Accounts Receivable Turnover and explain how it is
computed (10 points) and (2) provide an example of how this ratio can be used in
decision-making in business. (10 points) (Points : 20)

6. (TCO 6) Depreciation is a process to allocate the cost of long-life assets to each

periods income statement and adjusts the value of the asset on the balance sheet. (1)
Explain how the straight-line method is computed (10 points) and (2) provide an
example of how this method could be used on a new delivery truck purchased for
$25,000 to be used for 4 years with a salvage value of $0 for year one only. (15 points)
(Points : 25) 27. (TCO 6) To raise capital, companies might sell bonds. This allows them to bypass
lenders such as banks and go directly to the investing public. Your company is planning
to sell bonds with a face amount of $10,000 and paying 5% annual interest. (1) The day
the bonds hit the market, the bond price is quoted at 101.5. What is the bonds selling
price? (10 points) and (2) how does the company record this sale in its accounting
information system? Use journal entries to support your answer. (15 points) (Points :
25) 38. (TCO 1) Financial statement analysis is used by investors, creditors, and managers of
business to evaluate the operation and health of the business. This information is in part
the basis for decision-making. (1) Identify ratios used to evaluate the profitability of a
company (10 points) and (2) provide an example of how the results of this analysis could
be used to make business decisions. (15 points) (Points : 25) 19. (TCO 7) There are three different forms of business; sole-proprietor, partnership, and
corporation. (1) Explain why a corporations government regulations may be a
disadvantage (10 points) and (2) as a stockholder explain why a stockholder would want
to own preferred stock. (15 points) (Points : 25) 210. (TCO 4) Inventory valuation methods allow management to select a method that
best fits their business model. Given the following data, what is the value of the cost of
goods sold as determined by the First in First out (FIFO) method? Show all
computations. (25 points) Sales revenue 300 units at $15 per unit Purchases 240 units at
$10 per unit Beginning inventory 120 units at $8 per unit 311. (TCO 5) Most businesses extend credit to other businesses as a way of increasing
sales. The risk is that some of the accounts may not pay the amount due. In these cases,
we have to account for uncollectible receivables. (1) Explain how the percent-of -sales
method works (10 points) and (2) provide an example of a journal entry that would
adjust accounts for the loss.
1. (TCO 6) BagODonuts Company bought a used delivery truck on January 1, 2010, for
$19,200. The van was expected to remain in service 4 years (30,000 miles). BagODonuts
accountant estimated that the trucks residual value would be $2,400 at the end of its
useful life. The truck traveled 8,000 miles the first year, 8,500 miles the second year,
5,500 miles the third year, and 8,000 miles in the fourth year.
1. Calculate depreciation expense for the truck for each year (2010-2013) using the:
a. Straight-line method.
b. Double-declining balance method.
c. Units of Production method.
(For units-of-production and double-declining balance, round to the nearest two
decimals after each step of the calculation.)

2. Which method best tracks the wear and tear on the van?
3. Which method would BagODonuts prefer to use for income tax purposes? Explain in
detail why BagODonuts prefers this method. (Points : 25)
A. 6400
B. 16800
C.
2. (TCO 7) ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized
the following capital stock:
Preferred Stock: 7%, par value $100 per share, 100,000 shares.
Common Stock: $1 par value, 500,000 shares.
The following transactions occurred during the year:
1/19/12 Issued 100,000 shares of common stock for $17 cash per share.
1/31/12 Issued 3,000 shares of preferred stock for $115 cash per share.
11/1/12 Repurchased 30,000 shares of common stock for $22 cash per share.
12/1/12 Declared and paid a total dividend of $95,000.
Required:
1. Prepare the journal entry for each transaction listed above.
2. In your own words, explain the main differences between common and preferred
stock.
(Points : 25)
3. (TCO 5) Fraud is an intentional misrepresentation of facts, made for the purpose of
persuading another party to act in a way that causes injury or damage to that party. In
our readings and discussions we have seen several examples of fraud in business. Using
that experience (1) provide an example of a common fraudulent practice in business
with an explanation of how the practice works and (2) name and describe each of the
elements of the Fraud Triangle.
(Points : 25)
4. (TCO 5) Internal Control Procedures are in place to protect the assets of every
business as mentioned in the textbook and our discussions. Of the seven internal control
procedures, list five of these controls and describe how each procedure is implemented
(Points : 25)
5. (TCO2) Below are the accounts of Super Pool Service, Inc. The accounts have normal
balances on June 30, 2012. The accounts are listed in no particular order.
Account Balance
Common stock $5,100
Accounts payable $4,400
Service revenue $17,100
Land $28,800
Note payable $9,500
Cash $5,200
Dividends $6,100

Utilities expense $2,100

Accounts receivable $10,600
Delivery expense $700
Retained earnings $25,600
Salary expense $8,200
Prepare the companys trial balance as of June 30, 2012, listing accounts in proper
sequence, as illustrated in the chapter. For example, Accounts Receivable comes before
Land. List the expense with the largest balance first, the expense with the next largest
balance second, and so on.
6.
(TCO4) Lindas Lampshades started business on Jan. 1, 2001. They had the following
inventory transactions:
Journals Jan. 2001
Purchases
Supplier Date Received Quantity Unit Cost Amount
Donna 01/10/01 110 12.00 1320.00
Thomas 01/15/01 160 14.00 2240.00
Cindy 01/18/01 150 15.00 2250.00
Sales
Customer Date shipped Quantity Sel. Price Amount
Norilene 01/16/01 200 25.00 5000.00
1. Calculate the ending inventory, using the perpetual inventory method:
A. Using FIFO
B. Using LIFO
C. Using Average Cost
2. Prepare the following statement
Using
FIFO LIFO Average Cost
Sales
Cost of Sales
Gross Profit
(Points : 25)
7. Depreciation is a process to allocate the cost of long-life assets to each periods income
statement and adjusts the value of the asset on the balance sheet. (1) Explain how the
Units-of-Production method is computed (10 points) and (2) provide an example of how
this method could be used on a new delivery truck purchased for $25,000 to be used for
100,000 miles with a salvage value of $5,000 for year one only (25,000 miles driven in
year one)
Set 2:

1. (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1)
Explain why this process is required (10 points) and (2) provide an example of the
closing of an expense account, Income Tax Expense in the form of a journal entry.
2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that
includes 10 steps to complete the accounting cycle. (1) Explain which financial reports
can be generated (10 points) and (2) provide an example of information that those
financial reports would provide. (10 points) (Points : 20)
3. (TCO 5) Internal Control Procedures are required to safeguard company assets and
to ensure ethical operation of the business. (1) Explain how comparisons and
compliance monitoring can satisfy the purpose of internal control (10 points) and (2)
provide an example of how this control could be implemented (10 points). (Points : 20)
4. (TCO 4) Inventory valuation methods determine the cost of goods sold and the
inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (10
points) and (2) provide an example of the impact that this method of inventory
valuation will have on Cost of Goods Sold (COGS). (10 points) (Points : 20)
5. (TCO 1) To evaluate the financial operation and health of a business, ratio analysis is
used. (1) Provide the formula for Accounts Receivable Turnover and explain how it is
computed (10 points) and (2) provide an example of how this ratio can be used in
decision-making in business. (10 points) (Points : 20)
6. (TCO 6) Depreciation is a process to allocate the cost of long-life assets to each
periods income statement and adjusts the value of the asset on the balance sheet. (1)
Explain how the straight-line method is computed (10 points) and (2) provide an
example of how this method could be used on a new delivery truck purchased for
$25,000 to be used for 4 years with a salvage value of $0 for year one only. (15 points)
(Points : 25)
7. (TCO 6) To raise capital, companies might sell bonds. This allows them to bypass
lenders such as banks and go directly to the investing public. Your company is planning
to sell bonds with a face amount of $10,000 and paying 5% annual interest. (1) The day
the bonds hit the market, the bond price is quoted at 101.5. What is the bonds selling
price? (10 points) and (2) how does the company record this sale in its accounting
information system? Use journal entries to support your answer. (15 points) (Points :
25)
8. (TCO 1) Financial statement analysis is used by investors, creditors, and managers of
business to evaluate the operation and health of the business. This information is in part
the basis for decision-making. (1) Identify ratios used to evaluate the profitability of a
company (10 points) and (2) provide an example of how the results of this analysis could
be used to make business decisions. (15 points) (Points : 25)
9. (TCO 7) There are three different forms of business; sole-proprietor, partnership, and
corporation. (1) Explain why a corporations government regulations may be a
disadvantage (10 points) and (2) as a stockholder explain why a stockholder would want
to own preferred stock. (15 points) (Points : 25)

10. (TCO 4) Inventory valuation methods allow management to select a method that
best fits their business model. Given the following data, what is the value of the cost of
goods sold as determined by the First in First out (FIFO) method? Show all
computations. (25 points) Sales revenue 300 units at $15 per unit Purchases 240 units at
$10 per unit Beginning inventory 120 units at $8 per unit.
11. (TCO 5) Most businesses extend credit to other businesses as a way of increasing
sales. The risk is that some of the accounts may not pay the amount due. In these cases,
we have to account for uncollectible receivables. (1) Explain how the percent-of -sales
method works (10 points) and (2) provide an example of a journal entry that would
adjust accounts for the loss.

GM 588 Week 8 Final Exam Complete Answer

GM 588 Week 8 Final Exam Complete Answer
GM 588 Week 8 Final Exam Complete Answer
GM 588 Week 8 Final Exam Complete Answers
(TCO E) Suggested reasons why many customer satisfaction efforts fail include all of
the following EXCEPT:
(TCO D) The Six-Sigma problem solving approach contains the phases of:
(TCO C) Terms such as kanban, single minute exchange of dies, and visual
controls are most closely associated with:
(TCO C) Poka-yoke focuses on two aspects:
(TCO B) _____ measures are generally tracked by senior leadership to gauge overall
organizational performance.
(TCO I) The cost of purchasing copies of a textbook on quality for employees as part of
their training program in process improvement methods is considered:
TCO A) Which of the following is NOT a characteristic of a Six Sigma project?
(TCO B) A set of financial, market, operational, and employee performance measures
for management review and use is an example of:
(TCO D) The Baldrige Award criteria, as a tool for self-assessment:
(TCO H) Focusing on how to maintain improvements occurs in which DMAIC phase?
(TCO B) Explain why it is difficult to obtain a single, universal definition of quality. Be
specific in your response.

(TCO I) What criterion is used to classify a failure cost as internal versus external?
Give three examples of an internal failure cost and three examples of an external failure
cost.
(TCO I) What criterion is used to classify a failure cost as internal versus external?
Give three examples of an internal failure cost and three examples of an external failure
cost.
(TCO F) Explain in detail why change is necessary in organizations. Describe the effects
that change can have on quality management with respect to employee commitment and
quality levels.
(TCO H) Describe the six basic steps required to build the House of Quality. Describe,
in general, where in the House are customer and technical requirements located. Also
explain why it is important that each area of the House is linked with the others.
(TCO H) Describe the six basic steps required to build the House of Quality. Describe,
in general, where in the House are customer and technical requirements located. Also
explain why it is important that each area of the House is linked with the others.

ECON 545 Business Economics Course Week 8 Final

Exam All Sets A+ Answer
ECON 545 Business Economics Course Week 8 Final Exam All Sets Answer
Set 1
1. Question :(TCO A) Suppose you are hired to manage a small manufacturing facility
that produces Widgets.
(a.) (15 points) You know from data collected on the Widget Market that market
demand and market supply have both increased recently. As manager of the facility,
what decisions should you make regarding production levels and pricing for your
Widget facility?
Remember that supply and demand are about the market supply and market demand,
which is bigger than your own company. You are being given data on supply and
demand for the whole market and are being asked what effect that has on you as a small
part of that market.
(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a
substitute good goes up in price, and your costs of production increase. What new
decisions will you make regarding production levels and pricing for your Widget
facility?
(TCO B) Here is some data on the demand for marshmallows:
Price Quantity
$10 100
$ 8 300

$ 6 700
$ 4 1300
$ 2 2200
(a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do you
know?
(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what
is that firms marginal revenue as it increases output from 1300 units to 2200 units?
Show all work. (Be careful here!)
3. Question : (TCO C) You have been hired to manage a small manufacturing facility
whose cost and production data are given in the table below.
Total Total
Workers Labor Cost Output Revenue
1 $500 100 $700
2 1000 280 1150
3 1500 440 1440
4 2000 540 1570
5 2500 600 1670
6 3000 630 1710
7 3500 640 1730
(a.) (6 points) What is the marginal product of the second worker?
(b.) (6 points) What is the marginal revenue product of the fourth worker?
(c.) (6 points) What is the marginal cost of the first worker?
(d.) (12 points) Based on your knowledge of marginal analysis, how many workers
should you hire? Explain you answer.
4. Question : (TCO C) Answer the next questions on the basis of the following cost data
for a firm in pure competition:
OUTPUT TFC - TVC
0 $100.00 0.00
1 100.00 70.00
2 100.00 120.00
3 100.00 150.00
4 100.00 200.00
5 100.00 270.00
6 100.00 360.00
(a.) (15 points) Refer to the above data. If the product price is $45 at its optimal output,
will the firm realize an economic profit, break even, or incur an economic loss? How
much will the profit or loss be? Show all calculations.
(b.) (15 points) Refer to the above data. If the product price is $75 at its optimal output,
will the firm realize an economic profit, break even, or incur an economic loss? How
much will the profit or loss be? Show all calculations.

5. Question : (TCO D) A software producer has fixed costs of $18,000 per month and her
Total Variable Costs (TVC) as a function of output Q are given below:
Q TVC Price
1,000 $15,000 $25
2,000 20,000 24
3,000 30,000 23
4,000 50,000 22
5,000 80,000 20
(a.) (15 points) If software can only be produced in the quantities above, what should be
the production level if the producer operates in a monopolistic competitive market
where the price of software at each possible quantity is also listed above? Why? (Show
all work).
(b.) (15 points) What should be the production level if fixed costs rose to $48,000 per
month? Explain.
6. Question : (TCO F)
(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270
billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999
and 2001, the real GDP rose by what percent?
(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 270 million, the
number of residents under the age of 16 is 38 million, the number of institutionalized
adults is 15 million, the number of adults who are not looking for work is 17 million,
and the number of unemployed is 10 million.
(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor
force in the United States for the given year?
(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate
in the United States for the given year?
7. Question : (TCO G and H)
(a.) (15 points) Suppose your local Congress representative suggests that the federal
government intervenes in the gasoline market to stop runaway price increases. Would
you say that this view basically supports the Keynesian or the Monetarist school of
thought? Why? What position would the opposing school of thought take on this issue?
(Be brief you can answer this in 2 or 3 brief paragraphs).
(b.) (10 points) Any change in the economys total expenditures would be expected to
translate into a change in GDP that was larger than the initial change in spending. This
phenomenon is known as the multiplier effect. Explain how the multiplier effect works.
(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the
economy goes toward consumption (as opposed to saving). Estimate the GDP impact of
a positive change in government spending that equals $20 billion.

8. Question : (TCO G)
(a.) (20 points) Third National Bank is fully loaned up with reserves of $20,000 and
demand deposits equal to $100,000. The reserve ratio is 20%. Households deposit $5,000
in currency into the bank. How much excess reserves does the bank now have, and what
is the maximum amount of new money that can be created in the banking system as a
result of this deposit? Show all work.
(b.) (20 points) What is the discount rate in the banking system? Explain how the Fed
manipulates this rate to achieve macroeconomic objectives.
9. Question : (TCO E and I) Let the exchange rate be defined as the number of dollars
per British pound. Assume there is a decrease in U.S. interest rates relative to that of
Britain.
(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease
relative to the demand for the pound? Why?
(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the pound?
(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more
expensive for Americans? Are American exports cheaper or more expensive for
importers of U.S. goods in Great Britain? Illustrate by showing the price of a U.S. cell
phone in Britain before and after the change in the exchange rate.
(d.) (10 points) If you had a business exporting goods to Britain, and U.S. interest rates
fell as they have in this example, would you plan to expand production or cut back?
Why?
Set 1 Additional Questions:
Question 2. (TCO B) Suppose the governor of California has proposed increasing toll
rates on Californias toll roads, and has presented two possible scenarios to implement
these increases. Following are projected data for the two scenarios for the California toll
roads:
Scenario 1: Toll rate in 2012: $10.00. Toll rate in 2016: $22.50
For every 100 cars using the toll roads in 2012, only 81.6 cars will use the toll roads in
2016.
Scenario 2:
Toll rate in 2012: $10.00. Toll rate in 2016: $17.50
For every 100 cars using the toll roads in 2012, only 96.2 cars will use the toll roads in
2016.
a. Using the midpoint formula, calculate the price elasticity of demand for Scenario 1
and Scenario 2. (10 points)
b. Assume 10,000 cars use California toll roads every day in 2012. What would be the
daily total revenue received for each scenario in 2012 and in 2016? (6 points)
c. Is demand under Scenario 1 and under Scenario 2 price elastic, inelastic, or unit
elastic. Briefly explain. (4 points)
(Points : 30)
Question 3. 3. (TCO C) You have been hired to manage a small manufacturing facility
whose cost and production data are given in the table below.

Total Total
Workers Labor Cost Output Revenue
1 $500 100 $700
2 1000 280 1150
3 1500 440 1440
4 2000 540 1570
5 2500 600 1670
6 3000 630 1710
7 3500 640 1730
(a.) (6 points) What is the marginal product of the second worker?
(b.) (6 points) What is the marginal revenue product of the fourth worker?
(c.) (6 points) What is the marginal cost of the first worker?
(d.) (12 points) Based on your knowledge of marginal analysis, how many workers
should you hire? Explain you answer.
(Points : 30)
Question 4. 4. (TCO C) Answer the next questions (Parts A and B) on the basis of the
following cost data for a firm operating in pure competition:
OUTPUT TFC - TVC
0 $500.00 0.00
1 500.00 70.00
2 500.00 130.00
3 500.00 170.00
4 500.00 200.00
5 500.00 300.00
6 500.00 510.00
(a.) (15 points) Refer to the above data. If the product price is $185 at its optimal output,
will the firm realize an economic profit, break even, or incur an economic loss? How
much will the profit or loss be? Show all calculations.
(b.) (15 points) Refer to the above data. If the product price is $200 at its optimal
output, will the firm realize an economic profit, break even, or incur an economic loss?
How much will the profit or loss be? Show all calculations. (Points : 30)
Question 5. 5. (TCO D) A software producer has fixed costs of $20,000 per month and
her Total Variable Costs (TVC) as a function of output Q are given below. Complete the
table (TC, MC, TR, and MR), then answer Parts A and B.
Q TVC Price
2,000 $5,000 $25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1

(a.) (15 points) If software can only be produced in the quantities above, what should be
the production level if the producer operates in a monopolistic competitive market
where the price of software at each possible quantity is also listed above? Why? (Show
all work.)
(b.) (15 points) What should be the production level if fixed costs rose to $70,000 per
month? Explain.
(Points : 30)
Question 6. 6. (TCO F)
(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270
billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999
and 2001, the real GDP rose by what percent?
(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 270 million, the
number of residents under the age of 16 is 38 million, the number of institutionalized
adults is 15 million, the number of adults who are not looking for work is 17 million,
and the number of unemployed is 10 million.
(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor
force in the United States for the given year?
(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate
in the United States for the given year? (Points : 30)
Question 7. 7. (TCO G and H)
(a.) (15 points) What are the arguments for and against the use of fiscal policy to fight
inflation, lower unemployment, and raise GDP (Keynesian and Monetarist)?
(b.) (10 points) Any change in the economys total expenditures would be expected to
translate into a change in GDP that was larger than the initial change in spending. This
phenomenon is known as the multiplier effect. Explain how the multiplier effect works.
(c.) (15 points) You are told that 80 cents out of every extra dollar pumped into the
economy goes toward consumption (as opposed to saving). Estimate the GDP impact of
a positive change in government spending that equals $10 billion. (Points : 40)
Question 8. 8. (TCO G)
(a.) Reserve requirement for banks is set at 5%. Your firm withdraws $42,000 on its line
of credit at the Security Bank to purchase equipment for expansion. The equipment
vendor deposits the amount that he receives from you at his bank, The Highland Bank.
(10 points) By how much has each banks excess reserves changed as a result of your
withdrawal and expenditure?
(10 points) What is the maximum amount of new money that can be created in the
banking system as a result of your purchase? Show all work.

(b.) (10 points) Suppose that the Security Bank discovers its reserves will temporarily
fall slightly short of those legally required. How might it remedy this situation through
the Federal Funds market?
(10 points) Explain how the Fed manipulates the Federal Funds Rate in order to achieve
macroeconomic objectives.
(Points : 40)
Question 9. 9. (TCO E and I) Let the exchange rate be defined as the number of dollars
per Japanese yen. Assume that there is a decrease in U.S. interest rates relative to that of
Japan.
(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease
relative to the demand for the yen? Why?
(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?
(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more
expensive for Americans? Are American exports cheaper or more expensive for
importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in
Japan before and after the change in the exchange rate.
(d.) (10 points) If you had a business exporting goods to Japan, and U.S. interest rates
fell as they have in this example, would you plan to expand production or cut back?
Why? (Points : 40)
Set 2
1. (TCO A) Suppose you are hired to manage a small manufacturing facility that
produces Widgets.
(a.) (15 points) You know from data collected on the Widget Market that market
demand has recently increased and market supply has recently decreased. As manager
of the facility, what decisions should you make regarding production levels and pricing
for your Widget facility?
Remember that supply and demand are about the market supply and market demand,
which is bigger than your own company. You are being given data on supply and
demand for the whole market and are being asked what effect that has on you as a small
part of that market.
(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a
substitute good goes up in price, and your costs of production decrease. What new
decisions will you make regarding production levels and pricing for your Widget
facility? (Points : 30)
2. (TCO B) Here is some data on the demand for lettuce:
Price Quantity
$10 100

$ 8 120
$ 6 140
$ 4 160
$ 2 180
(a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do you
know?
(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what
is that firms marginal revenue as it increases output from 160 units to 180 units? Show
all work. (Be careful here!) (Points : 30)
. (TCO C) You have been hired to manage a small manufacturing facility whose cost
and production data are given in the table below.
Total Total
Workers Labor Cost Output Revenue
1 $200 50 $350
2 400 140 675
3 600 220 1120
4 800 270 1570
5 1000 300 1865
6 1200 315 2070
7 1400 320 2170
(a.) (6 points) What is the marginal product of the second worker?
(b.) (6 points) What is the marginal revenue product of the fourth worker?
(c.) (6 points) What is the marginal cost of the first worker?
(d.) (12 points) Based on your knowledge of marginal analysis, how many workers
should you hire? Explain you answer. (Points : 30)
4. (TCO C) John operates a small business out of his home and has very little in terms
of fixed costs. Answer the next questions (Parts A and B) on the basis of the following
cost data for Johns firm operating in pure competition:
OUTPUT TFC - TVC
0 $30.00 0.00
1 30.00 70.00
2 30.00 120.00
3 30.00 150.00
4 30.00 200.00
5 30.00 270.00
6 30.00 360.00
(a.) (15 points) Refer to the above data. If the product price is $60, at its optimal output,
will the firm realize an economic profit, break even, or incur an economic loss? How
much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $55 at its optimal output,
will the firm realize an economic profit, break even, or incur an economic loss? How
much will the profit or loss be? Show all calculations. (Points : 30)
5. (TCO D) A software producer has fixed costs of $30,000 per month and her Total
Variable Costs (TVC) as a function of output Q are given below:
Q TVC Price
3,000 $ 5,000 $5
13,000 25,000 4
23,000 50,000 3
33,000 80,000 2
43,000 120,000 1
(a.) (15 points) If software can only be produced in the quantities above, what should be
the production level if the producer operates in a monopolistic competitive market
where the price of software at each possible quantity is also listed above? Why? (Show
all work.)
(b.) (15 points) What should be the production level if fixed costs rose to $50,000 per
month? Explain.
6. (TCO F)
(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270
billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999
and 2001, the real GDP rose by what percent?
(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 270 million, the
number of residents under the age of 16 is 38 million, the number of institutionalized
adults is 15 million, the number of adults who are not looking for work is 17 million,
and the number of unemployed is 10 million.
(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor
force in the United States for the given year?
(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate
in the United States for the given year? (Points : 30)
7. (TCO G and H)
(a.) (15 points) Suppose your local Congress representative suggests that the federal
government intervenes in the gasoline market to stop runaway price increases. Would
you say that this view basically supports the Keynesian or the Monetarist school of
thought? Why? What position would the opposing school of thought take on this issue?
(Be brief you can answer this in 2 or 3 brief paragraphs).
(b.) (10 points) Any change in the economys total expenditures would be expected to
translate into a change in GDP that was larger than the initial change in spending. This
phenomenon is known as the multiplier effect. Explain how the multiplier effect works.
(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the
economy goes toward consumption (as opposed to saving). Estimate the GDP impact of
a positive change in government spending that equals $20 billion.

(Points : 40)
8. (TCO G)
(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits of $28,000
into the Third National Bank.
(10 points) How much excess reserve does your deposit generate for the bank?
(10 points) What is the maximum amount of new money that can be created in the
banking system as a result of this deposit? Show all work.
(b.) (10 points) What is the Federal Funds Rate in the banking system?
(10 points) Explain how the Fed manipulates this rate in order to achieve
macroeconomic objectives. (Points : 40)
9. (TCOs E and I) Let the exchange rate be defined as the number of dollars per
Japanese yen. Assume that there is a relatively lower rate of inflation in the U.S. relative
to that of Japan.
(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease
relative to the demand for the yen? Why?
(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?
(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more
expensive for Americans? Are American exports cheaper or more expensive for
importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in
Japan, before and after the change in the exchange rate.
(d.) (10 points) If you had a business exporting goods to Japan, and U.S. inflation fell as
discussed above in this example, would you plan to expand production or cut back?
Why? (Points : 40)
Set 3
1. Suppose you are hired to manage a samll manufacturing facility that produces
widgets
A. You know form data collected on the widget marekt that the market demand has
recently increased and mareket supply has recently decreased. As manager of the
facility, what decison should you make regarding production levels and pricing for you
wideget facility?
Remember that supply and deman are about the makert supply and market demand,
which is bigger than your own company. You are being given data on supply and
demand for the whole market and are being asked what effect that has on you as a small
part of that market
B. Now suppose that follwing the supply and demand changes in (a) a subsitute good
goes up in price, and your cost of product decrease. What decisons will you make
regarding production levels and pricing for your widget facility?

2. Here is data on the demand for lettuce

Price Quantity
10$ 100
8$ 120
6$ 140
4$ 160
2$ 180
A. Is demand elastic or inelastic in the 6-8$ price range? How do you know?
(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what
is that firms marginal revenue as it increases output from 160 units to 180 units? Show
all work. (Be careful here!) (Points : 30)
3.A Suppose nominal GDP in 1999 was 100billion and in 2001 it was 260billion. The
general price index in 199 was 100, and in 2001 it was 180. Between 1999 and 2001, the
real GDP rose by what present?
4. Suppose your local congress representive suggest that the federal government
intervenes in the gasonline market to stop runaway price increases. Would you say that
this view bsically supports the Keynesin or Monetarist school of thought? Why? What
postion would the opposting school of though tke on this issue?
b. Any change in the economys total expenditures would be expected to translate into
change in GDP that was larger than the initial change in spending. This phenomenon os
known as the multiplier effect. Explain the multipler effect works.
c. you are told that 90 cents our of every extra dollar pumpled into the econoomy goes
toward consumption (as opposed to saving) Estimate the GDP impact of positive change
in govenment spending that equals 20 billion.
5. Reserve requirment for banks is set at 5%. Your firm depositis it profits of 28,000 inot
the Third National Bank.
A. How much excess reserve does your deposit generate for the bank?
What is the maximum amount of new money that can be created in the banking system
as a result of this deposit? Show all work
B. What is the federal funds rate in the banking system?
Explain how the fed manipulates this rate in order to achieve macroeonmic objectives?
6. Let the exchange rate be defined as the number of dollars per Japanese yen. Assume
there is a increase in U.S interest ratres relative to that of Japan.
A. Would this event cause the demand for the dollar to increase or decrease relative to
the demand for the yen? Why?
b.) Has the dollar appreciatred or depreciated in value relative to the yen?
c.) Does this change in the value of the dollar make imports cheaper or more expensive
for Americans? Are American exports cheaper or more expensive for importers of U.S
goods in Japan? Illustrate by showing the price of a U.S e reader in japan before and
after the change in the exchange rate.
d.) If you had a business exporting good to japan, and u.s interest rate rose as they have
in this example, would you plan to expand production or cut back? Why
1. A software producer has fixed cost of 20,000 per month and her total variable costs
TVC as a function fo output Q are given below. Complete the table (TC, MC, TR, and

MR)
Q TVC Price
2,000 5,000 25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1
A. If software can only be produced in the quantities above, what should be the
production level if the producer operates in a monopolistic cometitive market whre the
price of software at each possible quantity is also listed above? Why? (show work)
B. What should be the production level if fixed cost rose to 70,000 per month? Explain
1. A software producer has fixed cost of 20,000 per month and her total variable costs
TVC as a function fo output Q are given below. Complete the table (TC, MC, TR, and
MR)
Q TVC Price
2,000 5,000 25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1
A. If software can only be produced in the quantities above, what should be the
production level if the producer operates in a monopolistic cometitive market whre the
price of software at each possible quantity is also listed above? Why? (show work)
B. What should be the production level if fixed cost rose to 70,000 per month? Explain

NAPSR Online Exam Quiz MCQ Answer

NAPSR Online Exam Quiz MCQ Answer
NAPSR Online Exam Quiz MCQ Answer
NAPSRx Pharmaceutical sales training manual
Napsronline org
NAPSRx Exam MCQ Quiz Solution.
Just Few Question are Below ( In answer there are total 160 Question )
1. How are drugs sorted into therapeutic groups and classes?
A. first by the conditions that they are used to treat. and then by their mechanisms of
action
B. first by their mechanisms of action. and then by their therapeutic effects
C. first by their side effects. and then by their therapeutic effects
D. first by their toxicity. and then by their effectiveness
2. Bone marrow transplants
A. require that the patient first undergo chemotherapy or radiation to kill the diseased
stem cells and promote white blood cell production.
B. are a type of stem cell therapy. unless patients own cells are reinjected.
C. are always a type of stem cell therapy.
D. can help people with leukemia. a condition in which the body does not produce
enough white blood cells.
3. What does AMA stand for?

A. American Medical Academy

B. American Medical Accreditation
C. American Medical Association
D. Association of Medical Assistants
4. What section of a drugs package insert describes situations in which the drug should
not be used because the risks outweigh the therapeutic benefits?
A. adverse reactions
B. contraindications
C. overdosage
D. warning/precautions
5 What is tertiary care?
A. adding medications together to achieve a better clinical effect
B. highly specialized medical and surgical care provided by a large medical center for
unusual or complex medical problems
C. receiving medical or surgical care that does not require an overnight stay in the
treatment facility
D. seeing a physician for routine checkups and general healthcare
6. Which of the following is NOT one of the stages in the classic approach to brand
development strategy covered in your manual?
A. brand personality
B. brand positoning
C. brand quality
D. brand values
7 What are vasodilators used to do?
A. decrease vascular resistance and increase blood flow
B. mimic pathogens to stimulate the immune system
C. narrow the blood vessels
D.stimulate the CNS to make the heart beat faster
8. What is the name of the condition that occurs after a specific dose of a drug is given
at such regular intervals that absorption and elimination (and therefore drug plasma
concentration) have become fairly constant?
A. homeostasis
B. steady state
C. titration
D. tolerance
9. Which statement is TRUE about ocular administration?
A. Ocular administration is primarily for drugs that must cross the blood-brain barrier.
B. Ocular administration is used primarily to treat the eye.
C. Ocular administration is used when a drug must enter the bloodstream immediately.
D. Ocular administration is used when a drug must produce immediate effects on the
brain or spinal cord.
10. Which entities invests the most money in pharmaceutical R&D?

A. Canadian pharmaceutical companies

B. the NIH
C. the U.S. Government
D.U.S. pharmaceutical companies
11. How are most drugs excreted?
A. via the bloodstream
B. via the heart
C. via the kidneys
D. via the skin
12. Over the last few decades, what has happened to legal limitations on sales reps
discussions about off label uses?
A. Limitations have decreased.
B. Limitations have increased significantly.
C. Limitations have increased slightly.
D. Limitations have remained about the same.
14. What does it mean if two drugs are at parity?
A. Both drugs are essentially in a neutral position.
B. Both drugs are generics.
C. Both drugs have exclusive preferred status.
D. The two drugs are bioequivalent.
15 Who is most likely to benefit from electronic sampling programs?
A. Everyone would benefit equally from electronic sampling programs
B. physicians in hospitals who are too busy to see representatives
C. physicians in rural areas who are not as frequently visited by representatives
D. physicians in urban areas who are too busy to see representatives
upto 160 Question

Assignment 1 Discussion Finance Organization and Long

Term Planning Answer
Assignment 1 Discussion Finance Organization and Long Term Planning Answer
Assignment 1: DiscussionFinance Organization and Long-Term Planning
Considering Genesis Energys aggressive growth plan, Sensible Essentials suggested
that its client should broaden the scope of financing beyond short-term loans and

consider long-term financing options. These options would greatly enhance the ability of
the operations management team to fund the capital investments and growth
in operating expenses.
One option is selling more equity in the company. A public stock offering might be a
possibility; however, a company as young and small as Genesis Energy might be
hard to value. Sensible Essentials believes that another private investor might require
preferred stock dividends in order to mitigate some of the financial risk. Another
option is a long-term bank loan.
Acting as the finance expert for Sensible Essentials, respond to the following:
Determine the cost of debt and equity for Genesis Energy and its weighted average cost
of capital. Go to www.yahoofinance.com and look under SEC filings. Use a
US publicly traded company, such as Apple, Google, DuPont, etc.
Identify the sources of long-term financing for Genesis Energy.
Analyze the potential costs and benefits of each option.
Explain how relative risk (from the investors perspective) impacts the cost of capital
for Genesis Energy.
Determine the cost of debt and equity for Genesis Energy and its weighted average cost
of capital.
Calculate the required rate of return for Genesis Energy using the capital asset pricing
model (CAPM). What is the required return for Genesis Energy shareholders?
Write your initial response in 57 paragraphs. Apply APA standards to citation of
sources.
By Saturday, June 28, 2014, post your response to the appropriate Discussion Area.
Through Wednesday, July 2, 2014, review and comment on at least two peers
responses. In your response, do the following:
Respond with substantial comments to enrich discussion and the learning experience.
Contribute new, relevant information or quotes from course readings, Web sites, or
other sources. Build on the remarks or questions of others, or share practical
examples of key concepts from your experience, professional or personal.
Assignment 1 Grading Criteria
Maximum Points
Initial response:
Was insightful, original, accurate, and timely.
Was substantive and demonstrated advanced understanding of concepts.
Compiled/synthesized theories and concepts drawn from a variety of sources to
support statements and conclusions.

Discussion response and participation:

Responded to a minimum of two peers in a timely manner.
Offered points of view supported by research.
Asked challenging questions that promoted the discussion.
Drew relationships between one or more points in the discussion.
Writing:
Wrote in a clear, concise, formal, and organized manner.
Responses were error free.
Information from sources, where applicable, was paraphrased appropriately and
accurately cited.

PROJ 595 Proj Risk Management Week 7 Risk Paper 2

Complete A+ Answer
PROJ 595 Proj Risk Management Week 7 Risk Paper 2 Answer
PROJ 595 Proj Risk Management Week 7 Risk Paper 2 Answer
Risk Paper 2
Risk Paper 2 is due this week.
Write a two- to four-page paper that describes an event in the past from either your
personal or professional life in which you used a contract. Answer the following
questions.
1. How did assumption of risk play a part in the type of contract used?
2. What type of contract was finally settled upon in this situation?
3. Was this type of contract appropriate for this situation or was there a better type that
should have been used?
4. Did the type of contract impact the success of the project?
You must use references to support your conclusions. Remember to cite and reference
any sources that were used in the comparison and contrast. At a minimum, students
should connect this assignment back to the text and support their decision-making
process with key concepts from the text. You are also welcome to use any of the
checklists from the text to support the decision-making process.

DeVry ACCT 429 TAX RESEARCH MEMORANDUM

ASSIGNMENT 1 and 2 Week 3 Research Project
assignment Answer
DeVry ACCT 429 TAX RESEARCH MEMORANDUM ASSIGNMENT 1 and 2 Week 3
Research Project assignment Answer
TAX RESEARCH MEMORANDUM ASSIGNMENT 1
Week 3 Research Project (Set #1)
DeVry University Acct 429
One of your clients is an incorporated funeral home, Peaceful Pastures Funeral Home,
Inc.

(Peaceful). Peaceful, an accrual basis taxpayer, provides a full line of funeral services
and sells goods related to those services. Over the last few years, however, the cost of
these goods and services have risen dramatically. As a result, more of Peacefuls
customers have had difficulties paying their bills or have selected goods and services
that cost less, sharply impacting Peacefuls bottom line.
As a result, Peaceful has attempted to design an approach that allows customers to
prepay for
their funeral goods and services. Under this program, the customer pays in advance for
the
goods and services that will be provided at the time of their death, often at a significant
discount. Under the terms of the contract, the payments are refundable at the contract
purchasers request any time until the goods and services are provided to them. Given
that it is an accrual basis taxpayer, Peaceful has included these payments and income
for the year the funeral service is provided.
This year, the IRS sent Peaceful an audit notice. It contends that the amount prepaid
under
Peacefuls program constitutes prepaid income that must be included in Peacefuls
income (and therefore subject to tax) in the year in which it is received. Peaceful has
come to you for
advice. Is the IRS correct?
COMPOSE A TAX FILE MEMORANDUM CONCERNING THIS ISSUE USING
THESE FACTS AND THE RESEARCH MATERIALS PROVIDED TO YOU IN THE
NEXT FEW PAGES (30 POINTS).
TAX RESEARCH MEMORANDUM ASSIGNMENT 2
Week 3 Research Project (Set #1)
DeVry University Acct 429
MegaCorp, Inc. purchased all of the assets of Little, Inc. As part of this acquisition,
MegaCorp also acquired some of Littles liabilities. In particular, Little was involved in
a particularly nasty patent infringement case whereby another company (Ideas, Inc.)
was alleging that Little had violated its patents and, therefore, owed that company a
substantial amount of money. MegaCorp agreed that it would be legally responsible for
any judgment that Little would have to pay Ideas in the lawsuit. As part of this process,
the opinions of various experts determined that the likelihood that a significant
contingent liability would arise from this obligation was quite remote (between 0% and
5%).
Unfortunately for MegaCorp, a jury disagreed. After hearing evidence in the case, the
jury
concluded that Little did indeed infringe Ideas patent and awarded Ideas $5 million in
damages. As agreed, MegaCorp paid Ideas the $5 million judgment and deducted this
payment as an ordinary and necessary business expense under 162. Upon audit, the
IRS has disagreed with this characterization. The IRS reclassified the $5 million
payment as a capital expenditure under 263 and disallow the deduction. MegaCorp
has come to you for advice. Is the IRS correct, or is MegaCorp entitled to the
deduction?
COMPOSE A TAX FILE MEMORANDUM CONCERNING THIS ISSUE USING
THESE FACTS AND THE RESEARCH MATERIALS PROVIDED TO YOU IN THE
NEXT FEW PAGES (30 POINTS).

RESEARCH ESSAY ASSIGNMENT 1

Week 3 Research Project (Set #1)
DeVry University Acct 429
As we covered in Weeks 2 and 3, the passive loss limitation rules impose real limitations
on the ability of owners of certain types of ventures to take losses from those ventures
and use them to reduce other income. That hardly means, however, that people dont
try. One such area often involves various oil and gas ventures. Often operated as
publicly traded partnerships, sophisticated investors often purchase limited partnership
interests in these ventures. They are, however, subject to a particularlyrestrictive set of
passive loss limitation rules. Locate at least three such oil and gas publicly traded
partnerships on the web that are marketed to new investors. Describe the benefits that
the promoters of each of these partnerships claim will result from the investments and
describe the disclaimers, if any, that they provide detailing what limitations may be
placed on the losses.
NOTE: You must either (1) submit complete citations to these online resources so that
your
instructor may find these studies online or (2) submit complete copies of these online
resources with your submission. Failure to do so will result in a zero for the assignment.
PLEASE RESEARCH THIS ISSUE ON THE INTERNET AND COMPOSE AN
ESSAY INCLUDING YOUR ANALYSIS OF THE ISSUE (20 POINTS).

HRM 587 Managing Organizational Change Week 7 Part

5 Annotated Bibliography Answer
HRM 587 Managing Organizational Change Week 7 Part 5 Annotated Bibliography
Answer
Part 5 Annotated Bibliography
List of all of your references you used in the project to date (you should have at least 12
at this point) and create an annotated bibliography. Basically, for this assignment, you
will use your reference list, in alphabetical order, and provide a 2-4 sentence summary
(brief!!) of what that reference said. This is a summary style document! Your grade will
be based on your ability to BRIEFLY summarize the important points in the document
as well as the strength of your reference materials. (i.e. if you used mainly low-level
reference documents like encyclopedias, online dictionaries, anonymous articles, etc.
this will negatively impact your grade.)
A. Use of at least 12 references, properly annotated: 24 points (roughly 2 points each)
B. Strength of references overall: 6 points (roughly .5 points each.)
C. Use of one of the 5 Keller-approved citation methods

HRM 590 Human Resource Management Week 7 Final

Course Project Submission Compensation Decisions
Answer
HRM 590 Human Resource Management Week 7 Final Course Project Submission
Compensation Decisions Answer

HRM 590 Human Resource Management Week 7 Final Course Project Submission
Compensation Decisions Answer
Final Course Project Submission: Compensation Decisions Due Week 7
Purpose: To apply critical thinking skills in completing the employee process from job
analysis to compensation based on performance. In Weeks 3 and 5, you submitted
information to help you in completing the final project. Feedback was provided to assist
you in maximizing points earned on this final paper. To properly complete this final
project, you must include the instructor feedback provided to this final paper. You are
now going to make compensation decisions based on performance.
Category Criteria Points
Compensation Decisions Make compensation decisions and explain how you would
compensate each of the employees with the budget dollars provided (see Compensation
Template in Doc Sharing). You must provide substantiation for your salary decisions.
Even with the decisions you make, what might be some consequences? Input your
decisions into the template. Include your risk analysis.
Literature Review Then, write a 610 page paper providing an overall review of the
entire process created from job analysis to compensation. Would you change anything in
your process at this point? Why? Why not? Include four scholarly articles related to
compensation: two articles focused on general compensation and two articles on making
compensation decisions. Do not use any verbiage/portion of your previously submitted
article reviews from Written Assignments 1 or 2. This article review should be original
to this final project assignment.
Readability Follow Guidelines and Best Practices sections below.
Deliverables Submit the following:
1. Compensation decisions with substantiation and risk analysis
2. Article review