Sonya Huffman, the accountant, is a perfectionist

Question
	Sonya Huffman, the accountant, is a perfectionist. No one can do the job as well as she can. Indeed, she has found budget information provided by the various departments to be worthless. She must change everything they give her. She has to admit that her estimates have not always been accurate, but she shudders to think of what would happen if she used the information applied by the marketing and operating departments. No one seems to are about accuracy. Indeed, some of the marketing staff have even become insulting. When Ms. Huffman confronted one of the salesmen with the fact that he was behind in meeting his budgeted sales forecast, he responded by saying, "They're your numbers. Why don't you go out and make the sales? It's a heck of a lot easier to sit there in your office and make up numbers than it is to get out and get the real work done." Ms. Huffman reported the incident, but, of course, nothing was done about it. Write a short report suggesting how the budgeting process could be improved.	

Evolutionary theories often emphasize that humans

Question
	

Chapter 7

Evolutionary theories often emphasize that humans have adapted to their physical environment. One such theory hypothesizes that people should spontaneously follow a 24-hour cycle of sleeping and waking—even if they are not exposed to the usual pattern of sunlight. To test this notion, eight paid volunteers were placed (individually) in a room in which there was no light from the outside and no clocks or other indications of time. They could turn the lights on and off as they wished. After a month in the room, each individual tended to develop a steady cycle. Their cycles at the end of the study were as follows: 25, 27, 25, 23, 24, 25, 26, and 25.
Using the .05 level of significance, what should we conclude about the theory that 24 hours is the natural cycle? (That is, does the average cycle length under these conditions differ significantly from 24 hours?) (a) Use the steps of hypothesis testing. (b) Sketch the distributions involved, (c) Explain your answer to someone who has never taken a course in statistics.
	

Your ethical code of conduct plan for your

Question
	
Your ethical code of conduct plan for your company's international business expansion plan should include all of the different concepts and ideas covered over the pass several weeks.

 Correction to be made for my code of ethical plan: Inclusion of a letter from leadership to the reader of the Code of Ethics. This sets the tone and lets the reader know why the Board of Directors and management consider the code of Ethics important.
2. Accetable and unacceptable behavior on the part of employees.
3. Resources for more information and what to do if unethical behavior is seen such as contact information for an Ethics Compliance Officer or if someone needs to report unethical conduct. This includes reporting procedures.
4. Ethics training and awarness program for your company.
5. Consequences of unethical /or illegal behavior
6. The legal regulations of conducting business overseas.
7. The ethical code of conduct for employees and vendors
8. Distingushing between right and wrong in business dealings when the action is legal
9. Identifying the issues surrounding the motivation behind unethical or illegal business operations when the consequences are properly documented.
10. Anything else that you deem important support your ethical code of conduct plan.
11. Your ethical code of conduct plan should demonstrate your understanding of the concepts and ideas covered throughout the course.
 1,250--1,500 words and references.
	

Man versus Wild Paper

Question
	

Man versus Wild
What is our personal responsibility toward the natural world, toward what we term our natural resources? 
What power do we have to influence events? 
How far do we go?
Require a research paper on Man V/s Wild in 1800-2000 words
	

Your first task is to post your

Question
	
Your first task is to post your Key Assignment Outline ( Code of Conduct Plan) to the discussion board area so that other students are able to review your plan.

Attach your document to the main discussion board and include any notes you feel are approprate.
Business Ethical plan, your Ethical Code of Conduct for your company be real or fictitious. Please format the outline with sections and headings and include information under each heading, please ensure these are fully and completely addressed for full points!
	

Toro’s No Risk Program

Question
	
Assignment 1
In the mid-eighties, the Toro company launched a promotion in which snowblower purchasers could refund a portion of their purchase if the next winter brought modest snowfalls. The amount of their refund was tied to snowfall amounts and so, the program was prey to certain risks and uncertainties. You will explore those risks and choices from a variety of perspectives.
Review the case study “The Toro Company S’No Risk Program” by David E. Bell (1994) from this module’s assigned readings. Click here to download the Toro Excel worksheet which contains data exhibits from the article; the exhibit titles match the tabs long the bottom of the worksheet. Use this tool to conduct your data analysis for this assignment.
Analyze the risks of the program from the following points of view:
Toro

The insurance company

The consumers

Write a 4–6 page analysis paper that addresses the following:
Why did the insurance company raise the rates so much? How would you estimate a fair insurance rate?

From the perspective of the consumer, how were the paybacks structured and how might they be restructured to entice you at an equal or lower cost of insurance? How does the program influence your decision to purchase?

What are the common decision traps which each group in point (2) is susceptible to? Develop a matrix or decision tree in order to compare the groups. How does the program impact the consumer’s “regret”? (Hint: Map the possible outcomes for the consumer)

From either Toro’s or the insurance company’s perspective, how would you frame your argument to achieve your desired objective?

Was the program successful? Why or why not?

If you were Dick Pollick, would you repeat the program? Assume you manage the S’No Risk program and argue your case. To what biases are you susceptible in this case?
	
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PXE Company presented the following comparative balance sheets

Question
	

P1. PXE Company presented the following comparative balance sheets at December 31, 2005 and 2006, and the income statement for the year ended December 31, 2006:
PXE Company
Balance Sheets
December 31, 2006 and 2005
December 31, 2006 December 31, 2005
Assets 
Cash $ 12,200 $ 28,200
Accounts receivable 16,000 18,000
Inventory 19,500 22,000
Prepaid rent 200 300
Total current assets $ 47,900 $ 68,500
Land 58,000 30,000
Equipment 65,000 60,000
Accumulated depreciation (11,000) (4,000)
Total assets $159,900 $154,500
Liabilities and stockholders’ equity 
Accounts payable $ 13,000 $ 25,000
Salaries payable 2,000 2,500
Interest payable 2,500 4,000
Income tax payable 6,500 3,000
Dividends payable 4,000 0
Total current liabilities $ 28,000 $ 34,500
Long-term notes payable 10,000 40,000
Common stock, $1 par 30,000 28,000
Preferred stock, $4 par 24,000 10,000
Additional paid-in capital 45,000 30,000
Retained earnings 22,900 12,000
Total liabilities and stockholders’ equity $159,900 $154,500







PXE Company
Income Statement
For the Year Ended December 31, 2006
Sales $ 400,000
Cost of goods sold (250,000)
Gross profit $ 150,000
General and administrative expenses $80,000 
Salaries expense 31,000 
Rent expense 3,600 
Depreciation expense 7,000 
Total operating expenses (121,600)
Other revenue and expenses: 
Gain on sale of land $ 3,000 
Interest revenue 300 
Interest expense (2,800) 500
Income before income taxes $ 28,900
Income tax expense (8,000)
Net income $ 20,900
Additional information:
a. The company declared dividends in the amount of $10,000 during the year.
b. Additional land and equipment were purchased for cash.
c. Land that had originally cost $9,000 was sold for $12,000 cash.
d. All accounts payable are related to merchandise purchases.
e. The company uses a perpetual LIFO inventory system and uses straight-line depreciation for all depreciable assets.
Required:
1. Prepare the operating activities section of the statement of cash flows using the indirect method.
P2. Salary expense on the books was $43000. Salary payable at the beginning of the year was $11000 and at the end of the year was $12500. How much cash was paid out for salaries?

P3. Rent expense on the books was $15000. Prepaid rent at the beginning of the year was $3000 and at the end of the year was $1250. How much cash was paid out for rent?

P4. Sales revenue on the books was $118000. Accounts receivable at the end of the year was $14000 and accounts receivable at the beginning of the year was $16000. How much cash was received for sales?

P5. Sales revenue on the books was $175000. Unearned revenue at the end of the year was $12000 and unearned revenue at the beginning of the year was $4500. How much cash was received from revenue?


P6. Harp’s Business Machines Inc. reported the following items from its comparative balance sheet for the calendar year 2008:
2008 2007
Inventory $125,000 $100,000
Land 100,000 200,000
Building 570,000 500,000
Equipment 45,000 30,000
Accumulated depreciation (105,000) (50,000)
Notes payable 100,000 150,000
Common stock 300,000 200,000
Additional information for 2008:
1. A piece of land was sold for $65,000, resulting in a $5,000 gain.
2. A smaller section of land was sold for $26,000, resulting in a $14,000 loss.
3. A building was started and completed costing $70,000. All costs were paid in cash.
4. Depreciation expense totaled $55,000 for the year.
Required:
Determine the cash flows from investing activities for Harp’s Business Machines Inc. for 2008.
P7. Checker’s Games Co. reported the following items on its comparative balance sheet for 2008:
2008 2007
Accounts payable $200,000 $175,000
Dividends payable 10,000 0
Notes payable 280,000 240,000
Common stock 315,000 290,000
Additional paid-in capital 120,000 100,000
Land 175,000 150,000
Goodwill 45,000 75,000
Additional information for 2008:
1. A $70,000 note payable was issued for cash.
2. Interest expense totaled $15,000 for the year of which $13,500 was paid in cash.
3. Stock was issued for cash (the transaction involved common stock).
4. A note payable for $30,000 was repaid.
5. Dividends of $50,000 were declared of which $40,000 have been paid.
Required: Prepare the financing section of the cash flow statement in good form for Checker’s Games Co.
P8. On January 1, 2006, ABC Company bought equipment for $12,000 with an estimated useful life of 5 years and no salvage value. ABC uses straight-line depreciation. On January 1, 2008, it was decided that the sum-of-the-years-digits was more appropriate.
What journal entry do you make on January 1, 2008?
	

If you are using a Windows computer, use FTK Imager

Question
	
If you are using a Windows computer, use FTK Imager (or another forensic tool, if you prefer) to preview your local drive and examine the contents of your own user profile folder. If you are using a Macintosh computer, you can use the Macintosh OS X Finder to view your user profile. Now, pretend you are a digital forensic examiner analyzing the data of a suspect in a forgery case. Select a professional report format of your choice, report on the documents/files you find in your “My Documents” folder (or similar folder on a Mac). What could these documents tell a digital forensic examiner about you and your activities? Are the metadata for these files important? Are there any files of particular significance? Feel free to use screenshots or file data in your report, if it can be presented in a professional manner.	

The initial owners of stock of a newly formed corporation are called directors

Question
	
1. The initial owners of stock of a newly formed corporation are called directors.

2. The paid-in capital from sale of treasury stock account is debited if the sales price of the treasury stock sold is greater than its cost.

3. Bonds of major corporations are traded on bond exchanges.

4. An equal stream of periodic payments is called an annuity.

5. If the amount of a bond premium on an issued 11%, 4-year, $100,000 bond is $12,928, the annual interest expense is $5,500.

6. There is a loss on redemption of bonds when bonds are redeemed above carrying value.

7. Income tax expense reported on the income statement is the total taxes to be paid.

8. Cash, as the term is used for the statement of cash flows, could indicate either cash or cash equivalents.

9. Using the indirect method, if land costing $85,000 was sold for $145,000, the amount reported in the financing activities section of the statement of cash flows would be $85,000.

10. One of the prerequisites to paying a cash dividend is sufficient retained earnings.

11. Cash paid to acquire treasury stock should be shown on the statement of cash flows from investing activities.

12. In the vertical analysis of an income statement, each item is generally stated as a percentage of total assets.

13. If a company's rate of return on common stockholders' equity is greater than its rate of return on total assets, the company is effectively using leverage.

14. Generally, all deductions made from an employee's gross pay are required by law.

15. The main source of paid-in-capital is from issuing stock.

Multiple Choice:
16. The journal entry a company uses to record the payment of a discounted note is
a. debit Notes Payable and Interest Expense; credit Cash
b. debit Notes Payable; credit Cash
c. debit Cash; credit Notes Payable
d. debit Accounts Payable; credit Cash

17. An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the net amount to be paid the employee?
a. $568.74
b. $601.50
c. $660.00
d. $574.90

18. The following totals for the month of April were taken from the payroll register of Magnum Company.
Salaries $12,000
FICA taxes withheld 550
Income taxes withheld 2,500
Medical insurance deductions 450
Federal Unemployment Taxes 32
State Unemployment Taxes 216

The journal entry to record the monthly payroll on April 30 would include a
a. credit to Salaries Payable for $8,500.
b. debit to Salaries Expense for $8,500.
c. debit to Salaries Payable for $8,500.
d. debit to Salaries Payable for $8,252.

19. Elgin Company sells merchandise with a one year warranty. In 2009, sales consisted of 2,500 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2009 and 70% in 2010. In the 2009 income statement, Elgin should show warranty expense of
a. $7,500
b. $17,500
c. $25,000
d. $0

20. The excess of issue price over par of common stock is termed a(n)
a. discount
b. income
c. deficit
d. premium

21. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?
a. $60,000
b. $5,000
c. $100,000
d. $55,000

22. The liability for a dividend is recorded on which of the following dates?
a. the date of record
b. the date of payment
c. the date of announcement
d. the date of declaration

23. When the market rate of interest was 11%, Munson Corporation issued $1,000,000, 12%, 8-year bonds that pay interest semiannually. The selling price of this bond issue was
a. $1,052,310
b. $1,154387
c. $1,000,000
d. $ 720,495

24. A $300,000 bond was redeemed at 103 when the carrying value of the bond was $315,000. The entry to record the redemption would include a
a. loss on bond redemption of $6,000.
b. gain on bond redemption of $6,000.
c. gain on bond redemption of $9,000.
d. loss on bond redemption of $9,000.

25. When the effective-interest method is used, the amortization of the bond premium
a. increases interest expense each period
b. decreases interest expense each period
c. increases interest expense in some periods and decreases interest expense in other periods
d. has no effect on the interest expense in any period

26. Long-term investments are held for all of the listed reasons below except
a. their income
b. long-term gain potential
c. influence over another business entity	

economics question 6

Question
	
5.2

7.


The public debt is the:

A) Amount of U.S. paper
currency in circulation

B) Ratio of all past deficits to all past surpluses

C) Total of all past deficits minus all past surpluses

D) Difference between current government expenditures and revenues

11.


Which is an important
problem associated with the public debt?

A) Payments of interest on the debt lead to greater income equality

B) Interest payments on the debt tend to improve economic incentives to work
and produce more unemployment

C) Government borrowing to finance the debt may increase the level of private
investment

D) Payment of interest on the debt held by foreigners transfers real resources
to other countries

5.3

2.


Which of the following is
an example of representative money?

A) an IOU note

B) diamonds

C) gold earrings

D) a fur coat

4.


Which is the definition of
liquidity?

A) Liquidity is the rate of return on assets held in banks

B) Liquidity is the tax rate applied to the earnings from assets held in banks

C) Liquidity is the ease with which financial assets can be converted into
money

D) Liquidity is the profit margin banks can earn on demand deposits

5.


When money specifies the
value of something, what function does it serve?

A) medium of exchange

B) store of value

C) unit of measurement

D) standard of payment

6.


What function does money
serve when you trade it for some good or service?

A) medium of exchange

B) unit of measurement

C) store of value

D) standard of payment

7.


Match the statement to the
definition that fits the best.


 

 

 
A.Johnny washes Mrs. Smith’s car. She offers to pay Johnny with
 cookies but Johnny prefers cash.
 

 

 

 
B.Johnny puts the money he earns from washing cars under his
 mattress. He will spend it later.
 

 

 

 
C.Johnny has $30. He knows he can either buy one pair of jeans or
 two CDs with that money.
 





Measure of Value

Medium of Exchange

Store of Value


 

 

 
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allowed is {0}.








 

 

 
1.
 
If the
 Required Reserve Ratio is 20%, and a bank receives a $1,000 dollars, they
 would have to keep this amount in reserve, not to be loaned out.
 
A)
 $1,000

 B) $800

 C) $600

 D) $200

 E) None of it
 
2.
 
 
If the
 Required Reserve Ratio is 20%, and a bank receives a $1,000 dollars, they
 would loan out this amount.
 
A)
 $1,000

 B) $800

 C) $600

 D) $200

 E) None of it
 
3.
 
 
The
 name for the amount of reserves banks can loan out is
 
A)
 Required Reserves

 B) Additional Reserves

 C) Private Reserves

 D) Excess Reserves

 E) Minimum Reserves
 
4.
 
 
The
 maximum amount of dollars that can be created from a $1,000 through the
 fractional reserve system with a required reserve ratio of 20% is
 
A)
 $2,000

 B) $5,000

 C) $8,000

 D) $10,000

 E) No limit applies
 
5.
 
 
Which
 of the following Required Reserve Ratios would allow for the fractional
 Reserve System to create the greatest amount of money?
 
A) 10%

 B) 20%

 C) 50%

 D) 75%

 E) 100%
 











5.4

3.


When a commercial bank has
“excess reserves:

A) it is in a position to make additional loans

B) its actual reserves are less than its required reserves

C) it is charging too high an interest rate on its loans

D) its reserves exceed its assets

E) the supply of its loans exceeds the demand for its loans

5.


Which of the following is
correct?

A) The Federal Reserve has 14 regional banks. The Board of Governors
has 12 members who serve 7 year terms.

B) The Federal Reserve has 12 regional banks. The Board of Governors has 7
members who serve 14-year terms.

C) The Federal Reserve has 12 regional banks. The Board of Governors has 14
members who serve 7-year terms.

D) None of the above is correct.

6.


When the Fed wants to
change the money supply, it most frequently

A) conducts open market operations.

B) changes the discount rate.

C) changes the reserve requirement.

D) issues Federal Reserve notes.

8.


Under a fractional reserve
banking system, banks

A) hold more reserves than deposits.

B) generally lend out a majority of the funds deposited.

C) cause the money supply to fall by lending out reserves.

D) All of the above are correct.






 

 

 
1.
 
If a
 bank has $100 in demand deposits and the reserve requirement is 20%, the
 amount of the Required Reserves is is __________, and excess reserves
 ____________?
 
A)
 0, $0

 B) $80, $20

 C) $0, $100

 D) $20, $80

 E) Impossible to determine
 
2.
 
 
If the
 FED wanted bank reserves to increase (that is, encourage creation of money),
 it could do which of the following with the corresponding tools:__________the
 reserve requirement _________the discount rate__________ government
 securities or bonds
 
A)
 raise, lower, sell

 B) lower, lower, buy

 C) raise, raise, buy

 D) raise, lower, buy

 E) lower, lower, sell
 
3.
 
 
If the
 FED wanted bank reserves to decrease (that is, to discourage creation of
 money), it could do which of the following with the corresponding tools:
 __________the reserve requirement_________the discount rate__________
 government securities or bonds
 
A)
 raise, raise, sell

 B) lower, raise, sell

 C) raise, lower, buy

 D) lower, lower, buy

 E) raise, raise, buy
 
4.
 
 
If the
 FED sells bonds, the public holds _________ money, and the money supply is
 _______________________.
 
A)
 less, higher

 B) more, higher

 C) less, lower

 D) more, lower
 
5.
 
 
If the
 FED buys bonds, the public holds _________ money, and the money supply is
 ________________________.
 
A)
 less, higher

 B) more, higher

 C) less, lower

 D) more, lower
 
6.
 
 
Lowering
 the discount rate makes borrowing __________attractive to banks and may
 result in a(n) ___________________ in the money supply.
 
A)
 less, increase

 B) more, increase

 C) less, decrease

 D) more, decrease
 
7.
 
 
Raising
 the discount rate makes borrowing _________ attractive to banks and may result
 in a(n) ___________________ in the money supply.
 
A)
 less, increase

 B) more, increase

 C) less, decrease

 D) more, decrease
 

 

 

 
1.
 
Which
 list contains only actions that increase the money supply?
 
A) raise the discount rate, make open market purchases

 B) raise the discount rate, make open market sales

 C) lower the discount rate, make open market purchases

 D) lower the discount rate, make open market sales
 
2.
 
 
Which
 list contains only actions that decrease the money supply?
 
A) raise the discount rate, raise the reserve requirement ratio

 B) raise the discount rate, lower the reserve requirement ratio

 C) lower the discount rate, raise the reserve requirement ratio

 D) lower the discount rate, lower the reserve requirement ratio
 
3.
 
 
Which
 of the following lists ranks the Fed’s monetary policy tools from most to
 least frequently used?
 
A) discount rate changes, reserve requirement changes, open market
 transactions

 B) reserve requirement changes, open market transactions, discount rate
 changes

 C) open market transactions, discount rate changes, reserve requirement
 changes

 D) None of the above lists ranks the tools correctly.
 
4.
 
 
Which
 of the following is not a tool of monetary policy?
 
A) open market operations

 B) reserve requirements

 C) the prime rate

 D) the discount rate
 
5.
 
 
To increase
 the money supply, the Fed could
 
A) sell government bonds.

 B) increase the discount rate.

 C) decrease the reserve requirement.

 D) Both a and c are correct.
 
6.
 
 
To
 decrease the money supply, the Fed could
 
A) sell government bonds.

 B) increase the discount rate.

 C) increase the reserve requirement.

 D) All of the above are correct.
 
7.
 
 
Reserve
 requirements are regulations concerning
 
A) the amount of deposits banks are allowed to accept.

 B) the amount of reserves banks must hold against deposits.

 C) the types of loans banks are allowed to make.

 D) the interest rate at which banks can borrow from the Fed.
 
8.
 
 
When
 the Fed increases the discount rate, banks will borrow
 
A) more, banks will lend more, and the money supply will increase.

 B) more, banks will lend less, and the money supply will decrease.

 C) less, banks will lend more, and the money supply will decrease.

 D) less, banks will lend less, and the money supply will decrease.
 
9.
 
 
The
 discount rate is
 
A) the interest rate the Fed charges banks.

 B) one divided by the reserve ratio.

 C) the interest rate banks receive on reserve deposits with the Fed.

 D) the interest rate that banks charge on loans to their best customers.
 
10.
 
 
When
 the Fed buys government bonds, the reserves of the banking system
 
A) increase, shifting the money supply curve to the right.

 B) increase, shifting the money supply curve to the left.

 C) decrease, shifting the money supply curve to the right.

 D) decrease, shifting the money supply curve to the left.
 
11.
 
 
Which
 of the following shifts aggregate demand to the right?
 
A) an increase in the price level.

 B) an increase in the money supply.

 C) a decrease in the price level.

 D) a decrease in the money supply.
 
12.
 
 
If the
 Fed conducts open-market sales, the money supply
 
A) increases and aggregate demand shifts right.

 B) increases and aggregate demand shifts left.

 C) decreases and aggregate demand shifts right.

 D) decreases and aggregate demand shifts left.
 

 



8.


What is the opportunity
cost for America to make 1 bulldozer instead of cars?

A) 1 car

B) 2 cars

C) 1/2 car

9.


What is the opportunity
cost for Japan to make 1 bulldozer instead ofcars?

A) 1 car

B) 1/3 car

C) 3 cars

10.


Which country has the
lower opportunity cost in making bulldozers?

A) Japan

B) America

C) neither

11.


Who has the absolute
advantage in making cars?

A) Japan

B) America

C) neither

12.


What is the opportunity
cost for Japan making 1 car?

A) 1 bulldozer

B) 3 bulldozers

C) 1/3 of a bulldozer

13.


Who has the comparative
advantage in making bulldozers?

A) Japan

B) America

C) neither