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Questions and Answers of Economics

The manager of Sam’s Food Mart guarantees that none of his cartons containing a dozen eggs will contain more than one bad egg, despite the fact that 4% of individual eggs are known to be bad.
Prepare normal costing journal entries for each of the following events. You will also need the following information: Overhead was estimated at $50,000 for the year and direct labor hours (used to
On a national tour of a rock band, the demand for T-shirts is given by p = 15 - 4lnx; 1
What are the similarities between the two branding efforts? What are the differences?
You have collected the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the project €œdirect costs€ are given below.The network for this project is
Solve the following trigonometric equations in [0, 2π](a) sin2x + sin x = cos2 x(b) sin2x cos x + cos2x sin x = 1
If a function f(x) is defined for all real x and has an inverse f-1(x), does it necessarily follow that also g(x) = [f(x)2] has an inverse g-1(x)?Explain why it does, or given an example when it does
Why do Nell and Sulfa watch Chicken Little drown? (Perkins_2011_week12 pg 346) Consider the significance of his name and his death, especially in relation to the name of the neighborhood "Bottom."
Do you notice any similarities between Carver's style of writing and Hemingway's? If so, explain.
O'Brien's Going after Cacciato focuses on the experience of Paul Berlin during the Vietnam War. This section, "Night March" depicts Paul's first day. What is significant about how this chapter is
Students arrive at the Administrative Services Office at an average of one every 10 minutes, and their requests take on the average five (5) minutes to be processed.a) Calculate the average arrival
The following four jobs must be processed in two processes A and B. All jobs must go through process A first then process B. The process times are given below in minutes.a. Determine the optimal
I need a help for the paper. Here is the question. In less than 100 words, please apply one of the public policy issues that I have confronted or currently confront in either my personal life or job.
Suppose that dividends are growing at 3%. If today's dividend is $2.5 and the required rate of return is 8%, determine P0, P5, P8.
Enciso Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $31,000. Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000.
Bill Anders retires in 8 years. He has $650,000 to invest and is considering a franchise for a fast food outlet. He would have to purchase equipment costing $500,000 to equip the outlet and invest an
Compare and contrast attributes that are most and least important to a project manager when building a team. Provide a work or project example to support your answer. Back up your answer with
Please select and research one of the forum topics listed below using a minimum of 3 reference sources in addition to the textbook and then write a 1,000-word or more response to the forum topic. APA
What are some drawbacks of preparing consolidations in Microsoft® Excel®? What are some advantages of preparing consolidations in Microsoft® Excel®? Given that Microsoft® Excel® is the dominant
What is securitization? What part did securitization play in the financial crisis of 2008?Provide some insights as to what caused the financial crisis of 2008. Discuss the role of securitization in
All of the following factors support the proposition that dividend policy matters excepta) Perfect capital marketsb) Investors desire to minimize and defer taxes and capital gains get preferential
Orange growers sell $17 million of their crop to orange juice processors and $4 million of their crop to supermarkets. The orange juice processors sell their orange juice to supermarkets for $19
Suppose coffee is sold in a monopolistically competitive market, where coffee is differentiated by coffee shop location. As firms enter in the long run and the price of coffee falls:A) The market
Consider an economy populated with students who consume three goods: textbooks, cola, and pizzas. In 2010, they purchased 17 textbooks, 420 cans of cola, and 255 pizzas. The following table shows the
If the firm's lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if?a. The market price is $51b. The price is $36c. The
A company could produce and sell any product as long as there is a market for it. Comment on the statement.
What is forecasting? Why is it so important in the management of business firms and other enterprises? What are the different types of forecasting?
Economist Joseph Schumpeter, who taught at Harvard from 1932 until his death in 1950, popularized the term “creative destruction” to describe the capitalist process in which entrepreneurs
Visit the OECD’s ‘Glossary of Statistical Terms’ at the following web address:stats.oecd.org/glossary/detail.asp?ID=3254 When the market fails there are calls for the government to step in and
Provide some examples of game theory and how they can help in understanding situations of mutual interdependence.
Max Whitley manger construction build new homes in booming community in Midwest although sales have showed because of a national recession, it now looks as if the recession is about to end . Max
Three months ago, Bank X issued an $ 80 million, one-year maturity CD denominated in euros. On the same date, $ 40 million was invested in a euro-denominated loan and $ 20 million in a U.S. T-bill.
The company has $200,000,000 in common stock equity with an estimated 10% annual cost of capital. You recently issued $100,000,000 in corporate bonds that currently pay a 6% annual yield. Finally,
Assume you own a portfolio consisting of the following stocks:a. Determine the expected return on your portfolio.b. Determine the portfolio beta (Î²P).c. Given the portfolio beta and the
A stock has a beta of 1.2 and the standard deviation of its return is 25%. The market risk premium is 5% and the risk-free rate is 4%.A) What is the expected return for the stock?B) What are the
As an employer wants to reduce the production cost during the economic recession, he or she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for
1. Why were the Germans, it seemed, destined, to become the aggressors in World War 1?2. Which principle made it easy for the Europeans to colonize Africa when they must have known of the racial
What new religious freedoms and opportunities were women afforded due to the Protestant and Catholic reformations? Provide specific examples.
Discuss the Columbian exchange. What was exchanged? What were the immediate consequences of the encounters between the Old and New Worlds?
During the 16th century, The Age of Confessional Division produced religious wars in France, Spain, and the Netherlands. Choose one of these conflicts and discuss the events, causes, and outcomes.
Thomas Hobbes defined the idea of absolutism in the early 17th century. How did France and Spain attempt to apply this political theory? Were they successful? Provide specific examples and examine
What impact did Gorbachev’s ideas of glasnost (openness), perestroika (restructuring), and demokratizatsiia (democratization) have on Communist society? Were these principles compatible with
World War II was one of the most significant events in world history, and certainly for the United States. The war fundamentally changed the way America viewed its role in the world and it redefined
Complete Problem 31 of Chapter 10 (shown below), and submit your work to your instructor. Show your calculations and the algebraic manipulation of the price equation for the bond. In addition to
Suppose that Kate and Anne enter into a pooling arrangement. Assume that both women have the following loss distributions and that losses are independent.$50,000 with probability of 0.005$20,000 with
Leland Manufacturing uses 10 units of part KJ37 each month in the production of radar equipment. The accountant says that Leland’s cost for manufacturing each unit of KJ37 is as presented
A company just completed a physical inventory count at year-end, December 31. Items were counted and costed on a FIFO basis.The inventory amounted to $40,000. The following information was not
Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted basis of $40,000 and a fair market value of $100,000.a. How much gain, if
The Diamond Glitter Company is in the process of preparing its financial statements for 2012. Assume that no entries for depreciation have been recorded in 2012. The following information related to
If the ownership is 100% would there be a difference between upstream and downstream sales?
A boat company currently sells motor boats for $6,000. It has costs of $4,650. A competitor is bringing a new motor boat to the market that will sell for $5,500. Management believes it must lower the
An investor in the United States bought a one year Singapore security valued at 150,000 Singapore dollars. The U.S. dollar equivalent was $100,000.00. The Singapore security earned 15% during the
The Gamecock Corporation is working at full production capacity production 10,000 units of the unique product, R250. Manufacturing cost per unit for R250 is as follows:Direct Materials ......... $
You were asked to investigate extremely high, unexplained merchandise shortages at a department store chain. Classify each of the five situations as a fraudulent act, an indicator of fraud, or an
The information listed below was obtained from the accounting records of Williams Company as of December 31, 2013, the end of the company’s fiscal year.(a) On August 1, 2013, the company borrowed
The following information pertains to Sensei Company on December 31, 2014:Prepare the property, plant, and equipment section of Sensei Company€™s balance sheet on December 31,2014.
Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not?
Compare and contrast the AICPA’s Code of Professional Conduct and the IFAC Code of Ethics for Professional Accountants.
The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 8percent.Â
The following information describes the job order manufacturing activities of Peak Manufacturing Company for May:Raw material purchases ... $16,000Factory payroll cost ..... 15,400Overhead costs
List and describe three ways a firm can determine long-run prices. As part of your answers, be sure to describe when each method would be most appropriate and the strengths and weaknesses of each
1. Our theory depends on being given the population standard deviation. This number is normally not available. Speculate on what we should do.2. The effect of the size n of samples on the standard
In a WORD doc develop the solution to the following problem:Find the dataset in STATDISK that corresponds to Data Set 16 in Appendix B.Use the weights of cars and the corresponding braking
Many people think that a national lobby's successful fight against gun control legislation is reflecting the will of a minority of Americans. A previous random sample of 4000 citizens yielded 2250
An insurance company writes policies for a large number of newly-licensed drivers each year. Suppose 40% of these are low-risk drivers, 40% are moderate risk, and 20% are high risk. The company has
An unfair coin has a probability of coming up heads of 0.65. The coin is flipped 50 times. What is the probability it will come up heads 25 or fewer times? (Give answer to at least 3 decimal places).
Use the following scenario to answer the next 3 questions. Plastic bags used for packaging produce are manufactured so that the breaking strength of the bag is normally distributed with a mean of 5
1. Use the following scenario to answer the next 3 questions. Historically, 93% of the deliveries of an overnight mail service arrive before 10:30 the following morning. Random samples of 500
A researcher is interested in comparing the response times of two different cab companies. Companies A and B were each called at 50 randomly selected times. The calls to company A were independently
A researcher developed the following multiple regression model to explain the variation in hours worked by married women.H = Î²0 + Î²1X1 + Î²2X2 + Î²3X3 +
1. Airlines charge lower fares to flyers who make a Saturday night stopover, or who make flight reservations at least two weeks in advance. They charge even lower fares to standby passengers. Explain
1. Why should countries engage in international trade rather than remaining self-sufficient and avoiding the unfair competition of low-paid foreign workers? 2. If our country can make everything
Answer the following questions fully and clearly. Be sure to explain why you answer you did, stating the logical reasons for reaching your conclusions.1. There are federal and state laws setting
From the questions and answer above, what do you conclude in general about the advantages and disadvantages of price control laws that set price ceilings and price floors for any and all goods and
Indicate whether each of the following statements are true or false and give the reason.(a) A firm should stop expanding output after reaching diminishing returns (b) If large and small firms operate
Given that the new company is now run as a monopoly, how will this benefit the stakeholders involved, such as the government, businesses, and consumers? Given the transition from a monopolistically
How important is saving for a household and the economy? How much should be saved?
Leonora and Joshua are having disagreements about Leonora returning to work after staying home with their child, Christa, who is now 3 months old. There is constant rejection and retaliation as
An organization has the following breakdown for cost of quality:• Prevention 22%• Appraisal 30%• Internal Failures 33%• External Failures 15%Use your critical thinking skills and discuss what
Write TWO PAGE about your position on "Is gender discrimination the primary reason why men are paid more than women for the same position?" and offer some solutions on how to minimize the difference
Imagine that you're working as a video game developer at the Chicago office of Electronic Arts (EA), and you’ve been offered a transfer to the EA development studio in Tokyo, Japan. You're not too
Mica Co. agreed to build a commercial storage building by September 1 for Pack Rat Storage. It was hard to predict Pack Rat's losses if the building was not completed on time. The parties estimated
The 1995 Random House Compact Unabridged Dictionary defines "Plagiarism" as: "use or close imitation of the language and thoughts of another author and the representation of them as one's own
Explain, from a marketing perspective, why you would expect gross margin percentage, expenses-to-sales ratio, net profit margin, inventory turnover, and asset turnover to be different for a grocery
Describe a work report that you are required (or have been required) to complete on a regular basis. How would you present the information related to this report in a visual manner? Would a visual
Religious Publications, Inc. was established by several religious organizations to print religious materials for the religious organizations that created Religious Publications. By using Religious
The Love Company has provided the following information:Income tax rate .......... 30%Selling price per unit.........$6.60Variable cost per unit.........$5.28Total fixed costs ...........
Swensen Company is considering the replacement of equipment used in operations. The following data are available:Required:A) Prepare a cost comparison for replacing the old equipment. Use only
Jeff Company produces a part that is used in the manufacture of one of its products. The annual costs associated with the production of 11,000 units of this part are as follows:Direct materials
The winter daily temperatures in East Lansing can be described by a normal model. The mean winter temperature is 26.2 degrees F; the standard deviation is 3.88 degrees F. Find two values that will
Please locate an internet article that discusses how to establish a mentoring program in an organization.2. Next, summarize the key points. Then provide a 3-5 step training plan for implementing the
How can firms avoid legal and ethical problems when setting or changing their prices?
In recent years, about two-thirds of US households purchased ground coffee. Consider the annual ground coffee expenditures for households purchasing ground coffee. Assuming that these expenditures
The Oil Price Information Center of greater Houston reports the mean price per gallon of gas is $3 with a population standard deviation of .18. Assume a random sample of 40 gasoline stations is
You are asked to find the probability of the sample mean being within .01 of the population mean 3.0. This problem comes from the section on Sampling Methods and the Central Limit Theorem.
The random variable x takes on the values 1, 2, and 3 with probabilities (1 + 3k) / 3, (1 + 2k) / 3, and (0.5 + 5k) / 3, respectively. a) Find the appropriate value of kb) Find the mean variance of
Chuck, a dentist, raises prize rabbits for breeding and showing purposes. Assume that the activity is determined to be a hobby. During the year the activity generates the following items of income
List at least FIVE sources you will use to obtain information about the firm’s strengths, weaknesses, opportunities, and threats. Discuss what categories of the SWOT elements of information are
Chez Henri is a restaurant chain that operates in 40 different cities. It hired an economist to estimate the factors affecting the demand for its sales. The following equation was estimated using
Given the following information about Mega Corp€™s costs, provide answers to the questions below.(a) Total fixed costs equal.€¨(b) When the rate of output is equal to 1, AVC is

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