computer questions computer questions Question Question 1 of 20 5.0 PointsViruses that attach themselves to files with certain extensions, such as .doc or .exe., are __________ viruses.A. boot sector B. file infector C. file destroyer D. file command Question 2 of 20 5.0 PointsAccording to the CSI/FBI Cyber Crime Survey, __________ of organizations conduct routine and ongoing security audits.A. 25 percent or less B. 50 percent C. 75 percent D. nearly 90 percent Question 3 of 20 5.0 Points__________ invented the movable-type printing press that accelerated the amount and kind of information that was available to populations.A. Johann Gutenberg B. Phil Zimmerman C. William (Bill) Gates D. Tim Burners-Lee Question 4 of 20 5.0 PointsWhich of the following is NOT an example of a computer crime as listed in the textbook?A. Data diddling B. Salami slicing C. Piggybacking D. Cold calling Question 5 of 20 5.0 PointsOne common way to gain access to a password-protected system is to use a __________ approach.A. back-door B. “sneak peek” C. brute-force D. social engineering Question 6 of 20 5.0 PointsPersons who plant viruses are called:A. computer hackers. B. cyberterrorists. C. vandals. D. predators. Question 7 of 20 5.0 PointsA mechanism using a digital signature to prove that a message did, in fact, originate from the claimed sender is called:A. authentication. B. privacy/confidentiality. C. nonrepudiation. D. integrity. Question 8 of 20 5.0 PointsThe global reach of computer networks has raised concerns over:A. copyrights. B. privacy. C. security. D. All of the above Question 9 of 20 5.0 Points__________ is a type of software for securing information systems by allowing only specific users access to specific computers, applications, or data.A. Access control software B. Computer security software C. Application restriction software D. Data protection software Question 10 of 20 5.0 Pointsencryption software allows users to ensure:A. authentication. B. privacy/confidentiality. C. nonrepudiation. D. All of the above Question 11 of 20 5.0 PointsThe slang term for stolen software is:A. hackerware. B. warez. C. vaporware. D. discountware. Question 12 of 20 5.0 Points__________ are the least used security technology.A. Passwords B. Biometrics C. Encrypted files D. Firewalls Question 13 of 20 5.0 PointsThe Computer Fraud and Abuse Act of 1986 prohibited:A. stealing or compromising data about national defense and foreign relations. B. breaking into any electronic communications service. C. monitoring voice communications. D. stealing trade secrets. Question 14 of 20 5.0 PointsA(n) __________ is an ongoing planning process involving risk assessment, risk reduction planning, and plan implementation as well as ongoing monitoring.A. information systems security plan B. disaster recovery plan C. infrastructure management D. risk assessment plan Question 15 of 20 5.0 PointsCrimes committed against telephone company computers are an example of:A. phreaking. B. spoofing. C. social engineering. D. data diddling. Question 16 of 20 5.0 PointsECPA is an acronym that refers to the:A. Electronic Controls Privacy Act. B. Electronic Communications Privacy Act. C. E-Commerce Customer Protection Association. D. Electric Computer Protection Agency. Question 17 of 20 5.0 PointsTo execute denial of service attacks, intruders often use __________ computers.A. zombie B. monster C. robot D. android Question 18 of 20 5.0 PointsExamples of the ethical conundrum include all EXCEPT:A. using computer time at work to read personal e-mail. B. organizations compiling personal information about shopping habits. C. the government regulating computer crimes. D. using technology to rearrange photographs. Question 19 of 20 5.0 PointsFuturist author Alvin Toffler describes three "waves of change." The third, and biggest, wave of change to occur is the:A. Information Age. B. Industrial Revolution. C. Agriculture and Handwork Age. D. Modern Age. Question 20 of 20 5.0 PointsSome spam e-mail includes __________, which are attempts to trick financial account and credit card holders into giving away their authorization information.A. freaking B. tricking C. phishing D. luring
ACC- The Wendt Corporation ACC- The Wendt Corporation Question The Wendt Corporation had $10.5 million of taxable income.a. What is the company’s federal income tax bill for the year?b. Assume the firm receives an additional $1 million of interest income from some bonds it owns. What is the tax on this interest income?c. Now assume that Wendt does not receive the interest income but does receive an additional $1 million as dividends on some stock it owns. What is the tax on this dividend income?Gardial & Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to20%. What is the company’s total assets turnover? What is the firm’s equity multiplier?Complete the balance sheet and sales information in the table that follows for J. WhiteIndustries using the following financial data:Total assets turnover: 1.5Gross profit margin on sales: (Sales – Cost of goods sold)/Sales = 25%Total liabilities-to-assets ratio: 40%Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 daysInventory turnover ratio: 3.75Partial Income Statement InformationSales _______Cost of goods sold _______Balance SheetCash _______ Accounts payable ______Accounts receivable _______ Long-term debt 50,000Inventories _______ Common stock ______Fixed assets _______ Retained earnings 100,000Total assets $400,000 Total liabilities and equity ________
Winston Company_Incremental analysis Winston Company_Incremental analysis Question WinstonCompanymanufactured5,000 unitsofacomponentpartthatisused in itsproductand incurredthe followingcosts: Directmaterials 35,000 Directlabor 25,000 Variablemanufacturingoverhead 20,000 Fixedmanufacturingoverhead 18,000 98,000 Anothercompanyhasofferedtosellthesamecomponenttothecompanyfor$17.50 per unit.The?xed manufacturingoverheadconsists mainlyofdepreciationonequipmentused to manufacturethepartand wouldnotbereduced ifthecomponentpartwaspurchasedfromtheoutside?rm.If thecomponentpart is purchasedfromtheoutside?rm, WinstonCompanyhastheopportunitytouse the factoryequipment toproduce anotherproductthatisestimatedtohaveacontributionmarginof$19,000 Instructions Prepareanincrementalanalysisforthismakeorbuydecision.Shouldthecomponentbe madeor purchased?
Your company has just purchased a large piece of property Your company has just purchased a large piece of property Question Your company has just purchased a large piece of property, and multiple creditors have a security interest in the property. This security interest must then be perfected, which sets forth the rights of a secured creditor against other creditors who also have a security interest in your property.In an Excel spreadsheet that is 2 pages in length, create 2 charts (1 chart on each page).The guidelines for the first chart are the following:Create a list of the priority of creditors with regard to security interests when there are conflicting claims.Which creditor is given preference, and why?Discuss the creditors that follow in the chain.The guidelines for the second chart are the following:Depict a scenario with 4 different creditors that have a security interest in the property of a company.Be sure to list next to each creditor the date of perfection if the security interest is perfected.List, in order, the creditors. Create a column in which you explain why that creditor is in that place in the chain of priority.How will the lien on the property be shown in the notes to the financial statements?Please submit your assignment.Grading CriteriaProvide a detailed chart that demonstrates the priority of creditors with a security interest in the property.45%Create a chart with a scenario and 4 creditors, discuss their interests and how they affect priority, and explain which creditor will be given priority over the remaining 3 creditors.45%Use proper formatting for the assignment and references. 10%For assistance with your assignment, please use your text, Web resources, and all course materials.Unit Materials
ACC – P22-6, Madrasa Inc ACC – P22-6, Madrasa Inc Question "On December 31, 2010, before the books were closed, the management and accountants of Madrasa Inc. made the following determinations about three depreciable assets." 1. Depreciable asset A was purchased January 2, 2007. It originally cost _____________ and, for depreciation purposes, the straight-line method was originally chosen. The asset was originally expected to be useful for _________ years and have a zero salvage value. In 2010, the decision was made to change the depreciation method from straight-line to sum-of-years'-digits, and the estimates relating to useful life and salvage value remained unchanged. 2. Depreciable asset B was purchased January 3, 2006. It originally cost and, for depreciation purposes, the straight-line method was chosen. The asset was originally expected to be useful for ______ years and have a zero salvage value. In 2010, the decision was made to shorten the total life of this asset to ____ years and toestimate the salvage value at ____________ 3. Depreciable asset C was purchased January 5, 2006. The asset's original cost was ____________and this amount was entirely expensed in 2006. This particular asset has a 10-year useful life and no salvage value. The straight-line method was chosen for depreciation purposes. Additional data: 1. Income in 2010 before depreciation expense amount to ____________ 2. Depreciation expense on assets other than A, B, and C totaled _________ in 2010.3. Income in 2009 was reported at ___________ 4. Ignore all income tax effects. 5. ____________ shares of common stock were outstanding in 2009 and 2010. Instructions: (a) Prepare all necessary entries in 2010 to record these determinations. (b) Prepare comparative retained earnings statements for Madrasa Inc. for 2009 and 2010. The company had retained earnings of_________at December 31, 2008.
History Related MCQs History Related MCQs Question Question: The post–World War II Nuremberg trials concerned war crimes committed by A Nazi leadersB Japanese generalsC Collaborators in all former Nazi-occupied European countriesD All Nazi, Japanese, and Italian war criminals Question: Two events in 1949 that helped precipitate a nationwide Communist witch hunt championed by Senator Joseph McCarthy were A The Soviets' explosion of an atomic bomb and the Communist revolution in ChinaB The downing of an American U-2 aircraft and the arrest of its pilot on espionage chargesC The invasion of South Korea by Communist North Korean forces and the murder of the South Korean president D The defection of top U.S. officials to Moscow and the conviction and execution of Julius and Ethel Rosenberg for providing classified information to the Soviet Union Question: In 1956, an uprising in Hungary finally precipitated an invasion by Soviet forces when A Hungarian leader Imre Nagy announced that Hungary would leave the Warsaw PactB Its leaders expanded their initial purely economic demands to include the establishment of a multiparty systemC The Hungarian army ignored orders from Moscow and refused to repress the rebellionD Marshall Zhukov overthrew Communist premier Imre Nagy Question: In 1949, the Soviet Union created regional economic organizations in order to A Increase Russian production so as to stay ahead of production in eastern Europe B Place high tariffs on goods coming into the USSR from eastern Europe C Prevent western European goods from swamping socialist markets in eastern Europe and the USSRD Facilitate economic cooperation between the Soviet Union and its satellite countries Question: In 1949, the Soviet Union created regional economic organizations of hundreds of SA leaders and other personal enemies, is known as the A Anschluss B Final SolutionC Night of the Long KnivesD Volkgemeinschaft Question: In his 1931 address to the world on social issues, Pope Pius XI A Condemned the rising tide of ethnic tensions in eastern Europe as well as political extremism in countries such as Italy, Germany, and RussiaB Blamed the decline in European fertility rates on the modern neglect of the family, the emancipation of women, and the spread of contraceptionC Condemned the failure of modern societies to provide their citizens with the moral and material conditions necessary for a decent lifeD Called upon Europeans to return to their religious faith in this time of economic distress and to focus on family, thrift, and hard work Question: Military leaders Paul von Hindenburg and Erich Ludendorff, who gained near dictatorial powers over Germany during the war, gained hero status when they A Halted the French advance at VerdunB Beat the American expeditionary force during the AEF's landing in BelgiumC Stopped the massive Russian army on the eastern frontD Called for a “war to the death,” which boosted German morale Question: When, in 1948, the Soviets blockaded Berlin, situated more than 100 miles into the Soviet zone, the United States responded by A Threatening to rescind the Allied agreement concluded at Yalta over the Soviet's role in Korea and ManchuriaB Cutting off negotiations with Stalin over the Soviet Union's possible inclusion in the Marshall PlanC Expelling Soviet diplomats from Washington, D.C., and mobilizing U.S. forces in the American zone of occupation in western GermanyD Staging Operation Vittles, an ongoing airlift that supplied the residents of Berlin with food and fuel into the spring of 1949 Question: Hitler tried to justify his 1941 invasion of the Soviet Union by calling that country the A “Great Slavic devil”B “Final land for Lebensraum”C “Stooge for Britain and France”D “Center of judeo-bolshevism” Question: Yuri Gagarin caused great concern in the United States. What did he do to become famous? A He threatened to “bury” the West during a visit to the United StatesB He was the first man to orbit the earth, thus demonstrating the Soviet Union's advances in space technologyC He was the chief scientist on the Russian nuclear weapons programD He was the chief undercover agent for the Soviet Union based in Washington, D.C Question: The Treaty of Brest-Litovsk, signed by Germany and Russia early in 1918 A Required Germany and Russia to cede territory for the reconstruction of PolandB Withdrew Russia from the war in exchange for German withdrawal from the UkraineC Pulled Russia out of the war and changed the balance of the conflictD Led to the creation of the Third International and its aggressive Marxist agenda Question: Who said “The receptivity of the great masses is very limited; their intelligence is small”? A Joseph Goebbels B Heinrich HimmlerC Adolf Hitler D Friedrich Ebert Question: Of all the penalties imposed by the Treaty of Versailles, the one that generated the most outrage in Germany was the A “War guilt” clauseB Demand for 132 billion gold marks in reparations C French occupation of the western bank of the Rhine and the coal-rich Saar basin D Loss of Alsace and Lorraine Question: Ho Chi Minh (1890–1969) and his peasant guerrilla forces finally forced the French to withdraw from Indochina in 1954 after the savage battle of A Saigon B Dien Bien PhuC Phnom PenhD Nam Dinh Question: An antifascist coalition government like the French Popular Front would have been impossible in democratic countries before 1936 because A Stalin had just reversed his ban on international Communists participating in coalition governmentsB That year saw the defeat of the antifascist Republicans in SpainC That was the year that the League of Nations agreed to such multiparty coalitions D No one recognized that fascism was a growing danger until that year, when Hitler unveiled his new army and air force Question: In the face of total military defeat by late 1944, Hitler continued to beseech the Germans to fight on, believing that A The Germans, failing to secure victory, deserved to dieB They could at least wrest a partial victory from the Allies by holding on to territory in the East C Such resolve would intimidate the Allies into agreeing to a less punishing peaceD Divine providence was on the German side and that a turnaround was still possible Question: The 1935 legislation that deprived German Jews of citizenship, defined Jewishness according to ancestry rather than belief, and prohibited marriages between Jews and other Germans was called the A Aryan Protection ActB Munich DecreesC Nuremberg LawsD Anti-Semitic Defensive Laws Question: Following the assassination of Archduke Francis Ferdinand and his wife in Serbia on July 28, 1914, Austria-Hungary sent an ultimatum to Serbia with certain demands; Serbia accepted all of the many terms of the Austrian ultimatum except one, namely A The presence of Austrian officials in the assassination investigationB Serbian government condemnation of anti-Austrian propaganda C A public condemnation of possible Serbian military involvement in the assassinationD A firm Serbian promise of noninterference in Bosnia Question: Upon the outbreak of World War I, the world quickly devolved into two armed and allied camps: the “Central Powers” consisting of A Austria-Hungary, Germany, and Russia, and the “Allies” consisting of France, Great Britain, Turkey, and ItalyB Austria-Hungary and Germany, and the “Allies,” consisting of France, Great Britain, Russia, and JapanC Austria, Hungary, Czechoslovakia, Germany, and Poland, and the “Allies” consisting of France, Great Britain, Russia, and the United StatesD Austria-Hungary, Germany, Turkey, and Spain, and the “Allies” consisting of France, Belgium, Great Britain, and Russia Question: The U.S. stock market crash led to a global economic depression because A The United States was unable to pay its war debts to European nationsB American lenders called in their international debts, which undermined banks and industry abroadC American banks had borrowed so heavily from foreign lenders that the crash destabilized foreign currenciesD Most foreign companies traded their stock on the U.S. market Question: The inflation in 1923 that made German currency worthless occurred when the German government printed trillions of marks A In an effort to pay the staggering reparations imposed by the Dawes PlanB To cause a financial crisis that would convince the Allies of Germany's inability to pay its reparationsC To ensure that workers were paid and to keep up with reparations payments, even though the government knew the currency was valuelessD In the mistaken belief that it could control the dip in currency values and bring on an improvement in the German balance of trade Question: When it was coined, the term second world referred to A Western EuropeB The United States, Canada, and Great BritainC The Soviet Union and its socialist alliesD The capitalist nations only Question: Following the official end of hostilities on November 11, 1918, the world experienced another devastating blow with the death of some twenty million more people as a result of A TyphusB FamineC Influenza D Colonial uprisings Question: The demands of total war in the Soviet Union had encouraged independent initiative and relaxed Communist oversight, a development that Stalin A Encouraged in his five-year plan of 1946 through a series of decentralization measures designed to increase production levels B Praised as proof of worker flexibility and self-empowerment, two linchpins of socialism C Ruthlessly reversed through increased repression, increased production goals, and a still more radical collectivization of agricultureD Reversed with the gradual adoption of the command and control procedures regularly exercised in the ever-growing Soviet army Question: Great Britain refused to join the European Economic Community (EEC) established by Italy, France, Germany, Belgium, Luxembourg, and the Netherlands in 1957 because A The other countries refused to base the EEC's administration in LondonB It did not want to join in the establishment of a single European-wide currencyC It opposed German membershipD It resisted becoming “just another European country” Question: In 1929, Joseph Stalin intended to end the Soviet Union's backwardness with an ambitious industrial expansion program called the A New Economic PolicyB Struggle for SocialismC Five-Year PlanD Soviet Plan Question: The single most significant aspect of German military policy in terms of its provocative effect on the United States and subsequent U.S. involvement in the war was A Unrestricted submarine warfareB The Germans' purported use of mass executions in BelgiumC Germany's decision to wage a two-front warD The forced removal of entire European populations to labor camps in Germany Question: Following the end of World War II, the British and Americans were alarmed when A Communist insurgents threatened the British-installed, right-wing monarchy in GreeceB Ethnic rivalry in the Balkans left the Serbian Communists as the strongest party in the regionC The French Communist Party experienced phenomenal growthD The German Federal Republic failed to outlaw the German Communist Party Question: One of the lasting effects of World War I was that A International negotiations and peace conferences were abandoned because they had not prevented the warB Certain military terms and soldiers' slang entered common usage, such as lousy, trench coat, rank and file, and basket caseC The horror of mechanized war caused many munitions manufacturers to question innovation in arms makingD The 1920s were a gloomy decade of retrenchment and cultural stagnation Question: One development of the 1920s that made it easier for ordinary people to obtain new consumer goods such as refrigerators, washing machines, and stoves was A Electrical appliance warehouses that sold directly to the consumer at dramatically reduced pricesB The introduction of lower-priced manufactured goods from the colonies, produced by low-paid native labor C Installment buying, which allowed families to pay for goods over timeD Government-sponsored loans that were intended to improve veterans' standard of living Question: In the spring of 1920, a military coup led by members of right-wing paramilitary units (Freikorps) was put down when A The new head of the German High Command sent demobilized military units to retake BerlinB President Friedrich Ebert called a general strike, which brought Berlin to a standstill and revealed the coup to have no popular supportC The communist Spartacists ambushed coup leaders, killing the conspirators at their headquarters in BerlinD The Freikorps clashed with their rivals, the National Socialist “brownshirts,” in a pitched battle in the streets of Berlin Question: Stalin's use of terror tactics to assure fulfillment of the production quotas in the 1930s A Was in keeping with the tactics used by Lenin to inspire compliance with his New Economic Policy in the 1920sB Led to uprisings among factory workers and the imprisonment of so many workers that production dropped some 20 percent by 1938C Led to the emigration of up to half a million skilled and semiskilled workers until Stalin effectively sealed the borders in 1938D Made lying, such as the falsification of production figures, and corruption permanent features of the Soviet Communist system Question: In 1964, after a protracted war, Kenya won formal independence when nationalist fighters from the Kikuyu ethnic group, known as Mau Mau, A Repulsed French forces at MombasaB Overran the capital city of Nairobi, forcing the British to agree to an independence agreement in order to avoid further bloodshedC Defeated the British, but only after the slaughter of some tens of thousands of KikuyusD Resisted British attempts to retain control by promoting a countrywide strike of state-run industries Question: The concentration camp at Auschwitz-Birkenau shows that the camps were part of a larger German war strategy because, in addition to being a place of mass murder A It served as a technical testing ground for new German weaponsB It was built to look like a munitions factory in the hopes that British and American bombers would target itC It was also used as a labor campD It was used in propaganda films to prove to Germans that the prisoners there were lower than animals Question: The Japanese attempted to portray their aggression in Asia as A Restoring ancient religious beliefs and practices, especially Confucianism B Freeing the region from Western imperialismC Establishing democratic governments in place of the ancient monarchies of Asia D A Communist-style state run from a central government located in Japan Question: When Stalin called for the “liquidation of the kulaks,” he was referring to A Prosperous peasants and anyone who opposed his plans to end independent farmingB Coal miners from Siberia who went on strike just before the harsh winter of 1929C The remaining Russian bankers who resisted his plans to nationalize their holdingsD Criminals who were making a profit through buying and selling black market goods Question: In 1936, both France and Britain led Mussolini to believe that they would do little to stop fascist aggression when they A Thwarted an attempt by some members of the League of Nations to impose a rigorous embargo on Italy following Mussolini's invasion of EthiopiaB Forcibly repatriated Italian refugees fleeing arrest by Mussolini's fascist police forceC Agreed to lower import duties on Italian goods despite Italy's seizure of Abyssinia two weeks earlierD Failed to protest or otherwise respond to the virulent rhetoric that accompanied Mussolini's declaration of a Rome–Berlin axis Question: By 1917, efforts to put an end to the war mushroomed across the European continent, including all of the following except A Austria-Hungary's secret request to the Allies for a negotiated peace settlementB The German Reichstag's call for a “peace of understanding and permanent reconciliation of peoples”C A rebellion in Vienna led by students who temporarily took hold of the Austrian parliamentD A widespread mutiny of French soldiers Question: The Council for Mutual Economic Assistance, or COMECON, A Stunted eastern European development by forcing satellite nations to buy exorbitantly priced Soviet-made goods and to sell their own goods to the USSR at a loss B Divided the Soviet eastern European sphere of influence into an agrarian zone in the south and an industrial zone to the northC Propped up many eastern European economies with Soviet-funded subsidies, giving these nations time to produce and sell on their ownD Led to an energizing exchange of goods, ideas, and peoples throughout eastern Europe and the Soviet Union and, thus, to a liberalization of Communist political controlsQuestion: In April 1917, the Germans moved to destabilize Russia by A Sending agents to blow up railway tracks, provoking a tsarist crackdown on dissidentsB Using submarines to cut off the Russian supply lines in the Baltic SeaC Distributing leaflets and forged documents in Russia that purportedly proved that Nicholas II planned to reimpose serfdomD Providing safe rail transportation back to Russia for Lenin and other Bolsheviks Question: The relentless German bombing of British cities in the summer of 1940 is known as A The battle of BritainB The Summer of BombsC The Great Air WarD The battle of the Atlantic Question: In the 1930s, although the views of politicians varied, one concern shared by all was that A Greater popular participation in politics would secure political stability by heightening the sense of shared responsibilityB Pump priming and government-sponsored job programs offered surefire solutions to effect an economic turnaroundC Falling birthrates meant a serious weakening or imminent collapse of individual nations, if not European society altogetherD An expansion of overseas markets would generate impressive revenues and lead to future prosperity Question: World War I was called a “total war” because A All of the countries in Europe, their colonial possessions, and the United States were involved in itB The entire industrial capacity of the state, as well as all civilian and military personnel, was mobilized to fight the warC The new weapons of war, including poison gas and machine guns, killed virtually everyone in their pathD Armies on both sides used a scorched-earth tactic to destroy all crops, livestock, buildings, and infrastructure in their paths Question: The Nuremberg trials against Nazi war criminals, held in the fall of 1945, led to either execution or long-term prison terms for some A 300 senior Nazi SS, Gestapo, and military officersB 24 senior Nazi officialsC 1,000 Nazi officials and concentration camp administratorsD 100 defendants, including 35 Nazi judges Question: Total war had a significant impact on gender roles: women on the home front A Became shockingly liberated and promiscuous in the wake of their newfound Freedom from male chaperones, guardians, and even husbandsB Were dedicated pacifists who were largely out of sympathy with government and military menC Became convinced of veterans' need for a secure family life and retreated from feminism and women's social gains to cultivate a nurturing domesticity D Were more independent, labored at formerly male occupations, changed to practical hairstyles and clothing, and took advantage of greater political and social freedoms Question: In the late 1930s, who helped convince the Swedish government of the importance of providing financial assistance, medical benefits, and child-care services to mothers and families? A Frederika BremerB Alva MyrdalC Selma Lagerlof D Viveca Teuber Question: Which of the following was not a goal of the European Economic Community (the Common Market) in the 1950s? A Reducing tariffs among its membersB Reducing nationalist rivalriesC Developing common trade policies for all membersD Integrating British Commonwealth trade into European markets Question: The Dawes Plan (1924), the Young Plan (1929), and the Treaty of Locarno (1925) tried to A Create a balance of power by limiting the number of battleships each country could buildB Correct some of the more punitive provisions of the Treaty of VersaillesC Avoid an economic depression by establishing a single currency standardD Strengthen the League of Nations with a set of goals for each nation to achieve Question: Among all the combatants the world over, the country that suffered the greatest number of casualties, with some 7.5 million dead during World War I, was A Germany B France C Great BritainD Russia Question: In 1949, German centrist politicians founded the new state of the German Federal Republic, whose first chancellor was the Catholic politician A Willy BrandtB Helmut SchmidtC Konrad AdenauerD Ludwig Erhard
Law question data bank Law question data bank Question 639.#1 One of the tenets of U.S. tax policy is to encourage business development. Which of the following Code sections does not support this tenet? a. Section 351, which allows entities to incorporate tax-free. b. Section 1031, which allows the exchange of stock of one corporation for stock of another. c. Section 368, which allows for tax-favorable corporate restructuring through mergers and acquisitions. d. Section 381, which allows the target corporation’s tax benefits to carryover to the successor corporation. e. All of the above provisions support the tenet. 640.#2 All of the following statements are true about corporate reorganization except: a. Taxable amounts for shareholders are classified as a dividend or capital gain. b. Reorganizations receive treatment similar to corporate formations under § 351. c. The transfers of stock to and from shareholders qualify for like-kind exchange treatment. d. The value of the stock received by the shareholder less the gain not recognized (postponed) will equal the shareholder’s basis in the stock received. e. All of the above statements are true. 641.#3 Which of the following statements is true concerning all types of tax-free corporate reorganizations? a. Assets are transferred from one corporation to another. b. Stock is exchanged with shareholders. c. Liabilities that are assumed when cash is also used as consideration will be treated as boot. d. Corporations and shareholders involved in the reorganization may recognize gains but not losses. e. None of the above statements is true. 642.#4 A shareholder bought 2,000 shares of Zee Corporation for $90,000 several years ago. When the stock is valued at $200,000, Zee redeems these shares in exchange for 6,000 shares of Yea Corporation stock. This transaction meets the requirements of § 368. Which of the following statements is true with regard to this transaction? a. The shareholder has a recognized gain of $110,000. b. The shareholder has a postponed gain of $110,000. c. The shareholder has a basis in the Yea stock of $200,000. d. Gain or loss cannot be determined because the value of the Yea stock is not given. e. None of the above statements is true. 643.#5 Bobcat Corporation redeems all of Zeb’s 4,000 shares and distributes to him 2,000 shares of Van Corporation stock plus $50,000 cash. Zeb’s basis in his 20% interest in Bobcat is $100,000 and the stock’s value is $250,000. At the time Bobcat is acquired by Van, the accumulated earnings and profits of Bobcat are $200,000 and Van’s are $75,000. How does Zeb treat this transaction for tax purposes? a. No gain is recognized by Zeb in this reorganization. b. Zeb reports a $50,000 recognized dividend. c. Zeb reports a $50,000 recognized capital gain. d. Zeb reports a $40,000 recognized dividend and a $10,000 capital gain. e. Not enough information is available to determine proper treatment. 644.#6 Yoko purchased 10% of Toyger Corporation’s stock six years ago for $70,000. In a transaction qualifying as a “Type C” reorganization, Yoko received $50,000 cash and 8% of Angora Corporation’s stock (valued at $100,000) in exchange for her Toyger stock. Prior to the reorganization, Toyger had $200,000 accumulated earnings and profits and Angora had $300,000. How does Yoko treat the exchange for tax purposes? a. As a recognized $50,000 long-term capital gain. b. As a $50,000 dividend. c. As a $20,000 dividend and a $30,000 capital gain. d. As a $30,000 dividend and a $20,000 capital gain. e. None of the above. 645.#7 Korat Corporation and Snow Corporation enter into an acquisitive “Type D” reorganization. Xin currently holds a 20-year, $10,000 Snow bond paying 4% interest. There are 8 years until the bond matures. In exchange for his Snow bond, Xin receives an 8 year $16,000 Korat bond paying 2.5% interest. Xin thinks this is fair because he will still receive $400 of interest each year and both bonds mature on the same date. How does Xin treat this transaction on his tax return? a. Xin recognizes no gain or loss on the exchange of bonds. b. Xin recognizes $750 gain each year for the next 8 years. c. Xin recognizes $6,000 capital gain. d. Xin recognizes $6,000 ordinary gain. e. None of the above. 646.#8 Mars Corporation merges into Jupiter Corporation by exchanging all of its assets for 300,000 shares of Jupiter stock valued at $2 per share and $100,000 cash. Wanda, the sole shareholder of Mars, surrenders her Mars stock (basis $900,000) and receives all of the Jupiter stock transferred to Mars plus the $100,000. How does Wanda treat this transaction on her tax return? a. Wanda recognizes a $100,000 gain. Her Jupiter stock basis is $900,000. b. Wanda recognizes a loss of $100,000. Her Jupiter stock basis is $800,000. c. Wanda recognizes a $100,000 gain. Her Jupiter stock basis is $700,000. d. Wanda realizes a $200,000 loss of which $100,000 is recognized. Her Jupiter stock basis is $1 million. e. None of the above. 647.#9 Xian Corporation and Win Corporation would like to combine into one entity. Xian exchanges 40% of its common and preferred stock plus $200,000 cash for 60% of Win’s assets and liabilities. Win distributes the Xian stock, cash, unwanted assets, and liabilities to its shareholders in exchange for their outstanding stock. Win then liquidates. a. This restructuring will qualify as a “Type A” statutory merger. b. This restructuring will qualify as a “Type B” reorganization. c. This restructuring will qualify as a “Type C” reorganization. d. This restructuring will qualify as an acquisitive “Type D” reorganization. e. This does not qualify as a reorganization under § 368. 648.#10 Racket Corporation and Laocoon Corporation create Raccoon Corporation. Racket transfers $600,000 in assets for all of Raccoon’s common stock. Racket distributes its remaining assets ($300,000) and the Raccoon common stock to its shareholder, Mia, for all of her stock in Racket (basis $950,000) and then liquidates. Laocoon receives all of the preferred stock for its $400,000 of assets. Laocoon distributes its remaining assets ($300,000) and the Raccoon preferred stock to its shareholder, Carlos, for all of his stock in Laocoon (basis $200,000) and then liquidates. How will this transaction be treated for tax purposes? a. This qualifies as a “Type A” reorganization. Mia recognizes no gain or loss, but Carlos recognizes $300,000 gain. b. This qualifies as a “Type C” reorganization. Mia and Carlos recognize $300,000 gain, to the extent of the boot. c. This qualifies as a “Type D” reorganization. Neither Mia nor Carlos recognizes a gain or loss. d. This is a taxable transaction. Mia recognizes $50,000 loss and Carlos recognizes $500,000 gain. e. None of the above. 649.#11 Manx Corporation transfers 40% of its stock and $50,000 in cash to Somali Corporation for $500,000 of assets and all $200,000 of its liabilities. Somali exchanges the Manx stock, cash, and its remaining $100,000 of assets with its shareholders for all of their stock in Somali. After the exchange, Somali liquidates. The exchange qualifies as what type of transaction? a. “Type A” reorganization. b. “Type B” reorganization. c. “Type C” reorganization. d. Acquisitive “Type D” reorganization. e. A taxable exchange. 650.#12 Which of the following statements is true regarding a “Type A” reorganization? a. At least 80% of the acquiring corporation’s consideration must be voting stock but the other 20% can be cash or preferred stock. b. The target shareholders must receive a proprietary interest in the acquiring corporation. This means that target shareholders must receive at least 40% of acquiring’s stock. c. Substantially all of the target’s assets must be transferred to the acquiring corporation. This means at least 90% of the net asset value. d. Assumption of all liabilities for a “Type A” reorganization includes unknown and contingent liabilities. e. None of the above statements is true. 651.#13 Ocelot Corporation is merging into Tiger Corporation under state law requirements. Ocelot transfers $300,000 of assets to Tiger in exchange for 30,000 shares and $200,000 in cash. Ocelot transfers the Tiger stock, $200,000 cash, and all of its liabilities ($50,000) to its shareholder, Van, in exchange for all of his Ocelot stock (basis $100,000). Ocelot then liquidates. How will this transaction be treated for tax purposes? a. Since this qualifies as a “Type A” reorganization, Van recognizes no gain. b. Since this qualifies as a “Type C” reorganization, Van recognizes a $200,000 gain. c. Since this qualifies as a “Type A” reorganization, Van recognizes a $150,000 gain. d. Since this does notqualify as a reorganization, Van recognizes a $350,000 gain. e. None of the above. 652.#14 Red Corporation redeems all of its common and preferred stock. Red then exchanges this redeemed stock with Blue Corporation for 40% of Blue’s voting common stock. The Blue stock is distributed to the Red shareholders. After the transaction, both Red and Blue corporations still exist. The former Red shareholders are now shareholders of Blue. This transaction qualifies as a(n): a. “Type A” reorganization. b. “Type B” reorganization. c. “Type C” reorganization. d. Acquisitive “Type D” reorganization. e. Taxable event. 653.#15 Which of the following statements regarding “Type B” reorganizations is true? a. Since a parent-subsidiary relationship is created, the tax attribute carryover limitations are problematic. b. The acquisition of liabilities can cause problems when the liabilities of the target are greater than 20% of the total consideration and the acquiring owned target stock prior to the “Type B” reorganization. c. The acquisition of common and preferred target stock by the acquiring can be directly from the shareholders or from the target corporation. d. The acquiring corporation must distribute the target stock it obtains to its shareholders. The acquiring shareholders do not always have to turn in acquiring stock in exchange for the target stock. e. All of the above statements are true. 654.#16 Siamese Corporation purchased 25% of Persian Corporation 8 years ago for $250,000. Siamese now wants to acquire the remaining 75% of the Persian stock. Siamese acquires 70% of Persian’s stock (worth $900,000) by exchanging its common voting stock with the shareholders of Persian. Since 5% of the Persian shareholders are not interested in being common shareholders of Siamese, they retain their shares. This transaction qualifies as what type of reorganization? a. “Type A” reorganization. b. “Type B” reorganization. c. “Type C” reorganization. d. Acquisitive “Type D” reorganization. e. A taxable exchange. 655.#17 GreenCo transfers $400,000 of its common voting stock and $50,000 cash to CurryCo in exchange for 80% of CurryCo’s assets. CurryCo uses all of its remaining assets and the cash received from GreenCo to pay its liabilities. CurryCo then distributes the GreenCo stock to its shareholders in exchange for all of their shares of CurryCo. Lastly, CurryCo liquidates. This restructuring qualifies as a: a. “Type A” reorganization. b. “Type B” reorganization. c. “Type C” reorganization. d. “Type D” reorganization. e. Taxable exchange. 656.#18 Ula purchased stock in Purple, Inc., 6 years ago for $150,000. Purple has assets with a value of $180,000 (basis of $75,000) and liabilities of $25,000. Purple transfers most of its assets and all of its liabilities to White Corporation in exchange for $140,000 of White common stock. Purple distributes the White stock and its remaining $15,000 cash to Ula in exchange for all of her Purple stock. Purple then liquidates. How will this transaction be treated for tax purposes? a. Ula recognizes a $5,000 gain on the reorganization. b. Ula recognizes a $15,000 gain on the reorganization. c. Ula recognizes a $15,000 gain and Purple recognizes a $25,000 gain on the reorganization. d. Purple recognizes a $40,000 gain on the reorganization. e. None of the above. 657.#19 The Long Corporation has $500,000 of assets (basis of $350,000) and liabilities of $125,000. ShortCo acquires Long’s assets and $100,000 of liabilities by exchanging $400,000 of its voting stock. Long distributes the ShortCo stock and remaining liabilities to its shareholder in exchange for her Long stock (basis of $275,000) and then it liquidates. Which, if any, of the following statements is correct? a. This restructuring qualifies as a “Type A” reorganization with no recognized gains or losses. b. This restructuring qualifies as a “Type C” reorganization with no recognized gains or losses. c. This qualifies as either a “Type A” or “Type C” and the shareholder has a $25,000 recognized gain. d. The restructuring is taxable because liabilities cannot be distributed to shareholders in a tax-free reorganization. e. None of the above statements is correct. 658.#20 North Corporation acquires 90% of South’s assets (basis of $700,000) by exchanging $600,000 of its voting stock and assuming $300,000 of South’s liabilities. South distributes North stock, its remaining $100,000 in assets, and associated $40,000 in liabilities to its shareholder in exchange for his South stock (basis of $500,000). South then liquidates. How will this transaction be treated for tax purposes? a. As a “Type A” reorganization and South recognizes $100,000 of gain. b. As a “Type A” reorganization and South recognizes $60,000 of gain. c. As a “Type C” reorganization and the shareholder recognizes $60,000 of gain. d. As a “Type C” reorganization and the shareholder recognizes $100,000 of gain. e. As a taxable transaction. 659.#21 Rabbit Corporation and Fox Corporation would like to merge into one company. Rabbit’s only asset is a nontransferable chemical process that has a value of $300,000 and Rabbit has liabilities of $100,000. Fox has the manufacturing plant and experience in the production of Rabbit’s chemical process. Its manufacturing plant has a value of $900,000 with a mortgage of $200,000. Which type of reorganization would be the most appropriate for Rabbit and Fox? a. “Type A” consolidation reorganization. b. “Type B” reorganization. c. “Type C” reorganization. d. Acquisitive “Type D” reorganization. e. None of the above is appropriate. 660.#22 In which type of divisive corporate reorganization do the shareholders receive stock in another corporation without relinquishing any of their stock in the original corporation? a. “Type A” consolidation reorganization. b. “Type D” split-up reorganization. c. “Type D” split-off reorganization. d. “Type D” spin-up reorganization. e. Some other type of reorganization. 661.#23 Dirty Corporation has owned two chemical manufacturing facilities for the last 20 years. One facility is located in Oklahoma while the other is in Oregon. There have been some environmental investigations at the Oregon facility. Therefore, Dirty creates a new corporation, called Clean, and places the assets of the Oregon plant into Clean in exchange for all of Clean’s stock. Dirty distributes this stock proportionately to its shareholders in exchange for 40% of their Dirty stock. How will this transaction be treated for tax purposes? a. As a split-up “Type D” reorganization. b. As a split-off “Type D” reorganization. c. As a spin-off “Type D” reorganization. d. This transaction does not qualify as a reorganization, because Dirty does not have two active lines of business. e. None of the above. 662.#24 Contra Corporation is owned 50% by Terry and 50% by Sammy. Due to news articles damaging Contra’s reputation, Terry and Sammy decide to liquidate Contra, which has been in existence for 4 years. They create Alpha and Beta Corporations to receive all of the manufacturing assets of Contra’s two picture frame plants. Alpha receives the urban plant manufacturing assets and Beta receives the country manufacturing plant. Terry receives 60% Alpha stock and 40% of the Beta stock and Sammy receives 40% Alpha stock and 60% of the Beta stock. Terry and Sammy turn in their Contra stock and Contra then liquidates. Assuming all other requirements are met, how will this transaction be treated for tax purposes? a. As a taxable transaction. b. As a “Type A” deconsolidation. c. As a “Type D” split-off reorganization. d. As a “Type D” split-up reorganization. e. None of the above. 663.#25 Vintage Corporation has four shareholders: Robin, Quinton, Paula, and Orvil. Paula and Orvil started the business 10 years ago, and Robin and Quinton bought their stock 6 years ago. Vintage’s historical business is buying and selling antiques. When Robin and Quinton joined Vintage, it added a new business, trading in collectibles. Lately, there has been a disagreement about the future of Vintage. Orvil and Quinton are not interested in collectibles, but Robin and Paula enjoy this part of the business. To resolve this issue, Paula suggests that two new corporations be created, Antique and Collectible. Antique would receive all of the assets of the antique part of the business, and Collectible would receive all of the assets of the collecting part of Vintage. All of the stock of these two corporations would be received by Vintage and distributed to the appropriate shareholders. Vintage would then terminate. a. The transaction qualifies as a spin-off “Type D” reorganization. b. The transaction qualifies as a split-off “Type D” reorganization. c. The transaction qualifies as a split-up “Type D” reorganization. d. The transaction is taxable. e. None of the above. 664.#26 ScottishCo is owned by Gordon Bryson and his four nieces and nephews. Gordon owns all the voting stock. He wants to relinquish control; accordingly, ScottishCo redeems all of Gordon’s voting common stock and issues him preferred stock and $50,000 in bonds. The nonvoting preferred shares owned by the nieces and nephew are exchanged for voting common stock. Which of the following statements is correct? a. None of this transaction is taxable because it qualifies as a “Type E” reorganization. b. The exchange of common for preferred is not taxable but the exchange of preferred stock for common stock is taxable. c. The exchange of common stock for a bond is taxable. d. All of these transactions are taxable. e. None of the above statements is correct. 665.#27 Qadira exchanges 40% of her common stock for 80% of newly issued preferred stock in the Pinto Corporation. There was no Pinto preferred stock previously outstanding, and Qadira received only stock. The other 20% of the preferred stock was received by another shareholder, solely in exchange for 10% of his common stock in Pinto. How is this transaction treated for tax purposes? a. This is a taxable transaction. b. This transaction qualifies as a “Type E” reorganization. c. This transaction qualifies as a “Type B” reorganization. d. This transaction qualifies as like-kind exchange. e. None of the above. 666.#28 Western, Inc. is a corporation located in California. In June of the current year, Western moves to Georgia and changes its name to Southern Corporation. Its sole shareholder, Dharma, exchanges all of her stock in Western and receives all of the stock in Southern. a. This transaction qualifies as a “Type F” reorganization. b. This transaction qualifies as a “Type E” reorganization. c. This move has no tax significance for Federal purposes. d. This is treated as a liquidation of Western and incorporation of Southern. Thus, gain can be recognized on the liquidation of Western. e. None of the above. 667.#29 Loser Corporation has outstanding bonds of $800,000 and assets valued at $600,000. It also has a $200,000 NOL and capital loss carryovers of $160,000. Loser is solely owed by Dai Won. Loser is restructured and the successor company is LouderCo. Which of the following statements is false? a. This transaction qualifies as a “Type G” reorganization. b. LouderCo can utilize the full amount of Loser’s NOL and capital loss carryover, if it elects to reduce the basis in the transferred depreciable assets by the amount of the debt relief it receives. c. Dai Won must receive a controlling interest in LouderCo for the restructuring to qualify as a tax-free reorganization. d. The bondholders of Loser become shareholders of LouderCo. e. All of the above statements are true. 668.#30 In which type of reorganization could bonds and other liabilities be exchanged for stock and not be treated as boot? a. A “Type G” reorganization. b. A “Type E” reorganization. c. An acquisitive “Type D” reorganization. d. A “Type A” consolidation. e. None of the above. 669.#31 Burmese Corporation is interested in acquiring Javanese Corporation by transferring 30% of its stock for all of Javanese’s assets valued at $500,000 (basis of $150,000) and its $200,000 of liabilities. Javanese has created $50,000 in general business research credits which it cannot use. Javanese concentrates on pharmaceutical research whereas Burmese manufactures sun glasses. Burmese uses a discount factor of 8% and the Federal applicable rate is 4%. Javanese will terminate after the restructuring. How will this transaction be treated for tax purposes? a. Since Javanese has liabilities in excess of its basis, this excess will be taxable to Javanese. b. The most that Burmese can use of the general business credits in any year is $4,200. c. This transaction could qualify as a “Type A” or a “Type C” reorganization. d. All of the above. e. None of the above. 670.#32 Which of the following statements is false? a. A “Type B” reorganization is most likely to run afoul of the continuity of interest doctrine because the target remains a separate corporation. b. Liabilities are problematic for “Type A” and “Type C” reorganizations. c. The step transaction doctrine can be problematic in acquisitive “Type D” and “Type C” reorganizations. d. “Type E” and “Type F” are not likely to be subject to the § 382 limitation. e. All of the statements are true. 671.#33 Sweet Corporation is in the candy business and sells most of its products in Europe. Lucky Corporation manufactures horse shoes for domestic consumption. Lucky would like to acquire Sweet Corporation because Sweet has large built-in losses in its business assets and foreign tax credit carryovers. To benefit from the built-in ordinary losses, Lucky will sell most of Sweet’s business assets upon completion of the reorganization. Those assets with built-in gains will be distributed proportionately before the reorganization to Sweet’s shareholders in exchange for 60% of their stock. All of the Sweet shareholders will receive Lucky stock for their remaining shares in Sweet. Which of the following statements is false? a. The step transaction can be applied to this transaction. b. The continuity of business enterprise test is failed. c. There is no sound business purpose for this restructuring. d. Continuity of interest does not exist for the Sweet shareholders. e. All of the above statements are true. 672.#34 Which of the following is not a requirement for receiving tax-free treatment for a corporate reorganization? a. The step transaction doctrine should apply. b. The continuity of business enterprise test must be met. c. There must be a sound business purpose for the restructuring. d. There must be a plan of reorganization. e. All of the above are requirements. 673.#35 Burl Corporation has assets with a value of $500,000 (basis of $300,000) and liabilities of $350,000. Wood Corporation is considering merging with Burl by exchanging 30% of its voting stock and $50,000 cash for Burl. a. This restructuring can qualify as a “Type A” merger only if Wood acquires all of Burl’s assets and liabilities. b. This restructuring can qualify as a “Type B” only if Wood acquires substantially all of Burl’s assets. c. This restructuring can qualify as a “Type C” only if Wood acquires none of Burl’s liabilities. d. This restructuring cannot qualify as a tax-free reorganization for Burl because its liabilities are in excess of the basis of its assets. e. None of the above. 674.#36 Weaver Corporation has net assets valued at $800,000 and an NOL of $250,000. On September 30 of the current year, Weaver is acquired by Loom Corporation, a calendar year taxpayer, in a restructuring qualifying as a tax-free reorganization. Weaver shareholders receive 30% of Loom’s shares in exchange for all of their Weaver stock. Assuming that the Federal long-term tax-exempt rate is 8%, what is the maximum amount of Weaver’s NOL available to Loom in the current year? a. $250,000. b. $240,000. c. $75,000. d. $64,000. e. None of the above. 675.#37 Heart Corporation has net assets valued at $1 million and an NOL of $250,000. On December 31 of last year, Heart is acquired by Brain Corporation, a calendar year taxpayer, in a restructuring qualifying as a tax-free reorganization. Heart shareholders receive 45% of Brain’s shares in exchange for all of the Heart stock. Assuming that the Federal long-term tax-exempt rate is 5% and Brain’s discount factor is 10%, what is the maximum amount that Brain can use of Heart’s NOL this year? a. $12,500. b. $80,000. c. $100,000. d. $250,000. e. None of the above. 676.#38 YesCo acquired NoCo on January 1 of this year for $1 million when the Federal long-term tax-exempt rate was 3%. Two of the tax attributes that YesCo found appealing are NoCo’s NOL of $500,000 and its negative E & P of $300,000. Before applying any of NoCo’s tax benefits, YesCo has taxable income of $35,000 and E & P of $350,000. YesCo pays a dividend of $100,000 to its shareholders. How much of this dividend is taxable? a. $5,000 is taxable. b. $50,000 is taxable. c. $55,000 is taxable. d. $100,000 is taxable. e. None of the above. 677.#39 Miro Corporation exchanged 10% of its stock with Lobo shareholders for all of the Lobo stock outstanding. At the time of the acquisition by Miro, the fair market value of Lobo was $1.5 million, and the Federal long-term tax-exempt rate was 5%. In the current year, Miro has $600,000 of taxable income. Lobo has excess credits from prior years amounting to $40,000. What is Miro’s Federal income tax for the year, if it is in the 34% tax bracket? a. $204,000. b. $178,000. c. $96,000. d. $55,000. e. $27,540. 678.#40 Which of the following statements is false regarding the tax benefits from a loss corporation’s carryovers that are taken in the current year? a. The § 382 yearly limitation is applied first to the loss carryovers (built-in loss, capital loss, or NOL) and then the credits (foreign, business, or minimum tax). b. The § 382 yearly limitation determines the maximum benefit that the successor corporation can obtain in one year from all tax credits and loss carryovers for the year. c. In addition to the § 382 yearly limitation, a year-of-transfer limitation may also apply. d. The IRS can disallow tax benefits carryovers when § 269 applies. e. All of the above statements are true.
columbia Southern BBA3331 unit V assessment columbia Southern BBA3331 unit V assessment Question Question 1 1. Discuss at least three drivers of m-commerce and an example for each of how you believe this driver will improve user experience? Name three mobile devices and give some benefits for each.Question 2 1. Describe at least three characteristics of Web 2.0. In your own opinion discuss what features and benefits you believe Web 3.0 will bring in the future.
Explain the principal-agent problem as it pertains to equity contracts Explain the principal-agent problem as it pertains to equity contracts Question Essay # 1Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length.Discuss each of the following in a complete paragraph.1. Explain the principal-agent problem as it pertains to equity contracts.2. Why does the free-rider problem occur in the debt market?3. Your bank has the following balance sheet:Assets Reserves $50 million Securities $50 million Loans $150 million Liabilities Checkable deposits $200 million Bank capital $50 million If the required reserve ratio is 10%, what actions should the bank manager take if there is an unexpected deposit outflow of $50 million? 4. How can specializing in lending help to reduce the adverse selection problem in lending? Essay # 2Your response should be a minimum of one (1) single spaced page to a maximum of two (2) pages in length.Briefly explain what inflation targeting is and list the five (5) main elements related to it. Then discuss the four (4) advantages and three (3) disadvantages of this type of monetary policy strategy.
Stateline Shipping and Transport Company Stateline Shipping and Transport Company Question Stateline Shipping and Transport CompanyRachel Sundusky is the manager of the South-Atlantic office of the Stateline Shipping and Transport Company. She is in the process of negotiating a new shipping contract with Polychem, a company that manufactures chemicals for industrial use. Polychem wants Stateline to pick up and transport waste products from its six plants to three waste desposal sites. Rachel is very concerned about this proposed arrangement. The chemical wastes that will be hauled can be hazardous to humans and the environment if they leak. In addition, a number of towns and communities in the region where the plants are located prohibit hazardous materials from being shipped through their municipal limits, Thus, not only will the shipments have to be handled carefully and transported at reduced speeds, they will also have to traverse circuitous troutes in many cases.Rachel has estimated the cost of shipping a barrel of waste from each of the six plants to each of the three waste disposal sites as shown in the following table:Waste Disposal SitePlant Whitewater Los Canos DurasKingsport $12 $15 $17Danville 14 9 10Macon 13 20 11Selma 17 16 19Columbus 7 14 12Allentown 22 16 181. In Excel or other suitable program, develop a model for shipping the waste directly from the 6 plants to the 3 waste disposal sites.2. Solve the model you developed in #1 (above) and clearly describe the results.3. In Excel, or other suitable program, develop a transshipment model in which each of the plants and disposal sites can be used as intermediate points.4. Solve the model you developed in #3 (above) and clearly describe the results.5. Interpret the results and draw conclusions that address the question posed in the case problem. What are teh limits of the study? Write at least one paragraph.