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CIS 500 Week 8 Case Study 2 – Strayer New

CIS 500 Week 8 Case Study 2 – Strayer New

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 Case Study 2: Wireless and Mobile Technologies

 In this very competitive climate, many companies are seeking ways to connect with customers in ways that add value. Mobile and wireless computing have become key focal points to attract and retain customers. 

Review this Article titled “Delta Named Top Tech-Friendly U.S. Airline”, located here. 

http://news.delta.com/index.php?s=20295&item=123856

Use Internet or Strayer Library to search articles on wireless and mobile technologies as well as the application in business. Select one (1) company other than Delta which uses mobile and wireless technology.

Write a four to six (4-6) page paper in which you:

1.      Define wireless technologies and mobile technologies. Next, determine at least three (3) ways which companies or organizations utilize such technologies to improve business efficiency. 

2.      Determine the wireless technologies and mobile technologies that Delta has implemented. Next, evaluate the level of efficiency of the technology implementation. Provide a rationale for your response. 

3.      Specify the overall manner in which the company that you selected from your research implements organizational systems, wireless technologies, and mobile technologies. Next, evaluate the level of efficiency of such implementation within the selected company. Provide rationale for your response.

4.      Give your opinion as to which company (i.e., Delta or the selected company from your research) is using the mobile and wireless technologies more strategically. Justify your response.

5.      Determine the operational and enterprise systems that support wireless and mobile technologies for each company. Provide a rationale for your response. 

6.      Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources. 

Your assignment must follow these formatting requirements:

·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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BUS 322Assignment 3: Leadership, Teambuilding, and Communication

BUS 322Assignment 3: Leadership, Teambuilding, and Communication

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Due Week 8 and worth 250 points Use the Internet or the Strayer Library to research a company for which you would like to work (or your current company if you are already employed). Write a six to eight (6-8) page paper in which you: 1. Examine traditional, contemporary, and emerging leadership theories and interpersonal forms of power. Create a profile of the ideal leader for the company you researched in which you describe the most appropriate leadership characteristics in terms of leadership style and interpersonal forms of power; and how these characteristics impact organizational performance. 2. Based on your research, analyze the organizational stressors (e.g., task demands, role demands, physical demands, and interpersonal demands) to determine their likely impact on organizational performance as well as how those stressors could be addressed. 3. Analyze critical elements for effective group and work team performance to determine the steps you would take to develop an effective team or work group within the company you researched. 4. Identify potential sources of conflict within the group or work team. Evaluate the five (5) conflict management styles (e.g., competing, collaborating, compromising, avoiding, accommodating) and explain which style of conflict management is most appropriate for the potential sources of conflict described above. 5. Determine potential barriers to communication, how these barriers may impact group and work team performance, and two (2) recommendations for addressing them. 6. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources. Your assignment must follow these formatting requirements: •Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. •Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

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PAD 530 Week 8 Discussion Questions – Strayer NEW

PAD 530 Week 8 Discussion Questions – Strayer NEW

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  Week 8 DQ 1

"Public Sector Pensions and Benefits" Please respond to the following:

·         Review the author’s statement in Chapter 13: “New-generation human resource managers must add to their work portfolios how to help employees make appropriate decisions about participation, contribution, and even investment in their benefit packages so that they better enable themselves when they retire to maintain the standard of living they had when they were working.” Analyze your own retirement pension and benefits package, (or absence of a company-provided package) and offer three pieces of advice to Generation X-ers and Generation Y-ers regarding their retirement.

·          

o    Discuss at least two pros and two cons of allowing public employees to bargain collectively with their agencies about their retirement benefits (OPEB). (Refer to Table 13.4 Benefits Reform Dimensions in Chapter 13.)

 Class, please follow this format when responding:

Analyze your own retirement pension and benefits package, (or absence of a company-provided package) and offer three pieces of advice to Generation X-ers and Generation Y-ers regarding their retirement:

1) (place your response here)

2) (place your response here)

3) (place your response here)

 Discuss at least two pros and two cons of allowing public employees to bargain:

Pro 1: (place your response here)

Pro 2: (place your response here)

Con 1: (place your response here)

Con 2: (place your response here)

  Week 8 DQ 2

"Managing Human Resources to Improve Organizational Productivity" Please respond to the following:

·         Debate It: According to the Office of Personnel Management, federal regulations provide for four forms of awards that can be given to federal employees: lump-sum cash awards, honorary awards, informal recognition awards, and time-off awards. Take a position on which award is favorable to current (a) Baby Boomers already employed in public service, (b) Baby Boomers returning to public service after retirement, (c) Generation  X-ers,  and (d) Generation Y-ers. Provide a rationale for your views.

·         Debate It: Take a position for or against this statement: A performance appraisal with no monetary component can be effective. Provide a rationale for your views.

Class, please follow this format when responding:

Debate It: Take a position on which award is favorable to current (Provide a rationale for your views)

(a) Baby Boomers already employed in public service (Place your response here)

(b) Baby Boomers returning to public service after retirement (Place your response here)

(c) Generation  X-ers (Place your response here)

(d) Generation Y-ers (Place your response here)

 Debate It: Take a position for or against this statement: A performance appraisal with no monetary component can be effective. (Provide a rationale for your views)

(Place your response here)

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CIS 518 Week 8 Case Study 2 – Strayer

CIS 518 Week 8 Case Study 2 – Strayer Click On The Link Below To Purchase A+ Graded Material Instant Download http://budapp.net/CIS-518-Week-8-Case-Study-2-Strayer-NEW-CIS518W8C.htm Case Study 2: Why Six-Sigma Efforts Do Not Apply to Software Due Week 8 and worth 150 points Read the case study titled, “Why Six-Sigma Efforts Do Not Apply to Software” located in Chapter 9 of the textbook and consider a situation where you are working for a large software development company that is considering applying the Six-Sigma quality constraints to the software it produces. Write a five to six (5-6) page paper in which you: 1. Explain the Six-Sigma quality constraints and provide a justification as to why the software development company should consider it. 2. Compare and contrast quality control processes for both hardware and software. 3. Examine the arguments presented in the case study and evaluate their applications to control the quality of software produced in the organization. 4. Propose a testing strategy for a software development project that ensures high quality of the software delivered. 5. Describe the idiosyncrasies of software, and explain why software needs a different set of rules for testing and for quality control as opposed to those used in hardware. 6. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: •  Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. •  Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 
The specific course learning outcome associated with this assignment is: •  Compare and contrast testing techniques and concepts to include functional, performance, acceptance, and installation. •  Use technology and information resources to research issues in software engineering. •  Write clearly and concisely about advanced software engineering topics using proper writing 
mechanics and technical style conventions.

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BUS 499 Week 8 Assignment 4 – Strayer NEW

BUS 499 Week 8 Assignment 4 – Strayer NEW Click On The Link Below to Purchase A+ Graded Material Instant Download

http://budapp.net/BUS-499-Assignment-4-Strayer-NEW-BUS499A4.htm Assignment 4: Merger, Acquisition, and International Strategies Due Week 8 and worth 300 points Choose two (2) public corporations in an industry with which you are familiar – one (1) that has acquired another company and operates internationally and one (1) that does not have a history of mergers and acquisitions and operates solely within the U.S. Research each company on its own Website, the public filings on the Securities and Exchange Commission EDGAR database (http://www.sec.gov/edgar.shtml), in the University's online databases, and any other sources you can find. The annual report will often provide insights that can help address some of these questions. Write a six to eight (6-8) page paper in which you: 1. For the corporation that has acquired another company, merged with another company, or been acquired by another company, evaluate the strategy that led to the merger or acquisition to determine whether or not this merger or acquisition was a wise choice. Justify your opinion. 2. For the corporation that has not been involved in any mergers or acquisitions, identify one (1) company that would be a profitable candidate for the corporation to acquire or merge with and explain why this company would be a profitable target. 3. For the corporation that operates internationally, briefly evaluate its international business-level strategy and international corporate-level strategy and make recommendations for improvement. 4. For the corporation that does not operate internationally, propose one business-level strategy and one corporate-level strategy that you would suggest the corporation consider. Justify your proposals. 5. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources. Your assignment must follow these formatting requirements: •  Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. •  Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. 
The specific course learning outcomes associated with this assignment are: •  Identify various levels and types of strategy in a firm. •  Use technology and information resources to research issues in business administration. •  Write clearly and concisely about business administration using proper writing mechanics.

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CIS 341 Week 8 Assignment 2 – Strayer

CIS 341 Week 8 Assignment 2 – Strayer

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Assignment 2: Identifying Potential Risk, Response, and Recovery

Due Week 8 and worth 75 points

In Assignment 1: Identifying Potential Malicious Attacks, Threats, and Vulnerabilities, you were recently hired as an Information Security Engineer for a videogame development company. After viewing a growing number of reports detailing malicious activity, the CIO requested you identify and draft a report identifying potential malicious attacks, threats, and vulnerabilities specific to your organization. He asked you to include a brief explanation of each item and the potential impact it could have on the organization.

After review of your report, the CIO requests that you develop a follow-up plan developing a strategy for dealing with all risks (i.e., risk mitigation, risk assignment, risk acceptance, or risk avoidance) identified in Assignment 1. Further, your plan should identify controls (i.e., administrative, preventative, detective, and corrective) that will be used to mitigate each risk previously identified.

Write a four to five (4-5) page paper in which you:

1.  For each malicious attack and threat identified in Assignment 1, choose a strategy for dealing with the risk (i.e., risk mitigation, risk assignment, risk acceptance, or risk avoidance).

2.  For each malicious attack and threat identified in Assignment 1, develop controls (i.e., administrative, preventative, detective, and corrective) that will be used to mitigate each risk.

3.  For each vulnerability identified in Assignment 1, choose a strategy for dealing with the risk (i.e., risk mitigation, risk assignment, risk acceptance, or risk avoidance).

4.  For each vulnerability identified in Assignment 1, develop controls (i.e., administrative, preventative, detective, and corrective) that will be used to mitigate each risk.

Your assignment must follow these formatting requirements:

•     Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.

•     Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. 
The specific course learning outcomes associated with this assignment are:

•     Explain the concepts of information systems security as applied to an IT infrastructure.

•     Describe the principles of risk management, common response techniques, and issues related to recovery of IT systems.

•     Describe how malicious attacks, threats, and vulnerabilities impact an IT infrastructure.

•     Explain the means attackers use to compromise systems and networks, and defenses used by 
organizations.

•     Use technology and information resources to research issues in information systems security.

•     Write clearly and concisely about network security topics using proper writing mechanics and technical style conventions.

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ACC 410 Week 8 Quiz – Strayer

ACC 410 Week 8 Quiz – Strayer

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 Quiz 6 Chapter 10 and 11

 Chapter 10

 Permanent Funds and Fiduciary Funds

 TRUE/FALSE (CHAPTER 10)

 1.    Per GASB Statement No. 34, permanent funds are classified as fiduciary funds.

 2.    In accounting for permanent funds only the income can be spent; the principal must be preserved intact.

 3.    Fiduciary funds focus on current financial resources and use a full accrual basis of accounting.

 4.    Fiduciary funds are excluded from the government-wide statements.

 5.    The concept of major versus nonmajor funds does not apply to fiduciary funds, as it does to governmental and proprietary funds.

 6.    Accounting for the employer’s contribution in a defined contribution plan is straight forward, because the employer is obligated only to make annual contributions in the amount specified in the plan terms.

 7.    Accounting for the employer’s contribution in a defined benefit plan is straight forward, because the employer is obligated only to make annual contributions in the amount specified in the plan terms.

 8.    Most public pension plans are defined benefit plans.    

 9.    An employer may have a liability to a defined benefit plan other than for its annual required contributions, depending on the future financial health of the plan.

 10.  In an agency fund, assets always equals fund balance because there are no liabilities.

  MULTIPLE CHOICE (CHAPTER 10)

 1.   A governmental entity receives a gift of cash and investments with a fair value of $200,000.  The donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested.  The $200,000 gift should be accounted for in which of the following funds?

      a)   Investment trust fund.

      b)   Private-purpose trust fund.

      c)   Agency fund.

      d)   Permanent fund.

 2.   In previous years, Center City had received a $400,000 gift of cash and investments. The donor had specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested.  During the current year, the earnings from this gift were $24,000.  The earnings from this gift should generally be considered revenue to which of the following funds?

      a)   Special revenue fund.

      b)   Private-purpose trust fund.

      c)   Agency fund.

      d)   Permanent fund.

 3.   Which of the following activities of a governmental entity should be accounted for in a fiduciary fund?

      a)   Funds received from the federal government to support public transportation activities.

      b)   Funds received from an individual who specified that the principal must be kept intact but the income can be used to support families of police officers killed in the line of duty.

      c)   Funds received from the state government that must be used to purchase capital assets.

      d)   Funds received from a contractor to assist with the development of utility infrastructure.

 4.   What basis of accounting is used to account for transactions of a governmental private-purpose trust fund?

      a)   Full accrual basis of accounting.

      b)   Modified accrual basis of accounting.

      c)   Cash basis of accounting.

      d)   Budgetary basis of accounting.

 5.   Which of the following would NOT be accounted for in a fiduciary fund of a governmental entity?

      a)   Nonexpendable resources held for the benefit of other governmental units.

      b)   Nonexpendable resources held for the benefit of the government holding the resources.

      c)   Expendable resources held for the benefit of other governmental units.

      d)   Funds held as an agent for other entities.

 6.   Permanent funds are classified as

      a)   Governmental funds.

      b)   Proprietary funds.

      c)   Fiduciary funds.

      d)   Trust funds.

 7.      Which of the following is NOT a fiduciary fund?

a)   Pension trust funds.

      b)   Investment trust funds.

      c)   Permanent funds.

      d)   Private-purpose trust funds.

 8.   What basis of accounting is used to account for transactions of a government permanent fund?

      a)   Full accrual basis of accounting.

      b)   Modified accrual basis of accounting.

      c)   Cash basis of accounting.

      d)   Budgetary basis of accounting.

  Use the following information to answer #9-#12

Previously a city received a $1 million gift, the income from which was restricted to support maintenance of city-owned parks. During the current year the endowment earned $70,000 of which  $50,000 was transferred to the City Park Special Revenue Fund.

 9.   On the year-end fund financial statement, the endowment fund would report revenues of:

      a)   $0.

      b)   $50,000.

      c)   $70,000.

      d)   None of the above.

 10.  On the year-end fund financial statement, the endowment fund would report the $50,000 transferred to the Special Revenue Fund as:

      a)   A reduction of revenues.

      b)   A nonreciprocal transfer out.

      c)   A reduction of equity.

      d)   An expenditure.

 11.  On the year-end financial statements, the endowment fund would report, as a result of these transactions, a fund balance (net assets) of:

      a)   $1,000,000

      b)   $1,070,000

      c)   $1,050,000

      d)   $1,020,000

 12.  On the year-end financial statements, the special revenue fund will report

      a)   $50,000 Nonreciprocal Transfer In

      b)   $70,000 Nonreciprocal Transfer In

      c)   $50,000 Revenue

      d)   $70,000 Revenue

 13.  Cedar City has a permanent fund that reported current year investment earnings (realized and unrealized) of $80,000.  The endowment principal is $800,000 and the city council has adopted a policy of considering only the inflation adjusted rate of return to be available for transfer to the recipient fund.  During the current year the Council declared the inflation-adjusted rate of return to be 8%. How much revenue would be recognized in the permanent  fund?

      a)   $ 0.

      b)   $ 64,000.

      c)   $ 80,000.

      d)   Unable to determine.

 14.  At the beginning of the year, the permanent fund of  Rapid City had an investment portfolio with a historical cost of $200,000 and a fair value of $220,000.  There were no purchases or sales of securities during the year.  At year end the portfolio had a fair value of $240,000. At the end of the year Rapid City will account for this increase in fair value in which of the following ways?

      a)   Credit Investment Income, $20,000.

      b)   Credit Investment Income, $40,000.

      c)   Credit Fund Balance, $20,000.

      d)   No entry is made to recognize increase in fair value.

 15.  Several years ago, a donor gave $5 million to the City and specified that the principal was to be kept intact but the earnings were to be used to support operations of the city parks.  During the current year, the City earned $300,000 on the gift.  To what type of fund should the City transfer accountability for the $300,000 earnings.

      a)   It should not transfer accountability. The $300,000 should remain in the Permanent Fund.

      b)   A special revenue fund.

      c)   The General Fund.

      d)   An enterprise fund.

 16.  A defined contribution pension plan is one in which the employer agrees to which of the following?

      a)   The employer agrees to make specific payments to a specified pension plan with no guarantee of a specific pension amount to be paid to the employee.

      b)   The employer agrees to make specific payments to a specified pension plan AND guarantees that the employee will receive a specified pension (usually determined by length of service and salary).

      c)   The employer agrees to make necessary payments to a specified pension plan that guarantees that the employee will receive a specified pension (usually determined by length of service and salary).

      d)   The employer agrees to pay a specified amount (usually determined by length of service and salary) to the employee, but the employer makes no specific guarantee to make payments to the specified pension plan.

  17.  Hill City Light & Water (a proprietary fund) contributes to a defined  benefit plan for its employees.  During 1999 Hill City contributed $27 million to its pension plan.   On February 15, 2000,  Hill City made an additional $3 million contribution related to 1999.   The actuarially determined contribution amount was $32 million.   The amount of pension expense recognized by Hill City Light & Water for 1999 should be:

      a)   $ 0

      b)   $ 27 million

      c)   $ 30 million

      d)   $ 32 million

 18.  During the fiscal year ended December 31, 2001, the Highland City General Fund contributed $48 million to a defined benefit pension plan for its employees.   On February 27, 2002, Highland made an additional $2 million contribution related to the 2001 pension contribution requirements.  The actuarially determined contribution amount for 2001 is $52 million.   The amount of pension expenditure recognized by Highland City General Fund for 2001 should be:

      a)   $ 0

      b)   $ 48 million

      c)   $ 50 million

      d)   $ 52 million

 19. The Schedule of Changes in Long-Term Obligations contains an account Net Pension Obligation.  Which of the following describes the event that gave rise to this account?

      a)   The actual contribution by a proprietary fund was less than the actuarially required contribution.

      b)   The actual contribution by a governmental fund was less than the actuarially required contribution.

      c)   The actuarially computed pension liability exceeded the pension plan assets.

      d)   The pension plan assets exceeded the actuarially computed pension liability.

 20.  Required disclosure by a government General Fund related to its pension plan does NOT include which of the following?

      a)   The employer’s funding policy.

      b)   The components of the pension cost.

      c)   The key assumptions used in determining the pension costs.

      d)   The present value of the future benefits to be paid.

 21.   A plan’s unfunded actuarially accrued liability is the excess of

      a)   The actuarially-determined plan cost over the actual contribution.

      b)   The actuarially-determined plan cost over the plan assets.

      c)   The actuarially-determined pension liability over the plan assets.

      d)   The actuarially-determined pension liability over the total contributions.

  22.  Citizens within a defined geographic area of Hill City created a special assessment district to facilitate the construction of sidewalks.  Hill City was responsible for overseeing the entire construction project. Hill City issued bonds in its own name to pay the contractor for the construction.   However, Hill City was not responsible in any manner for the bonds. The bonds were secured by the special assessments which would be levied against the property within the special assessment district.  Collections of special assessments would be recorded in which of the following funds of Hill City?

      a)   Special Assessment Fund.

      b)   Agency Fund.

      c)   Special Revenue Fund.

      d)   Debt Service Fund

 23.  The City of Highland Hills receives a federal grant to assist in nutrition (feeding) programs for senior citizens.  The City will select the contractors to provide the feeding and approve the participants in the program.  The proceeds of this grant should be accounted for in which of the following funds of the City?

      a)   General Fund.

      b)   Special Revenue Fund.

      c)   Agency Fund.

      d)   Expendable Trust Fund.

 24.  The City of Highland Hills receives a federal grant to assist in nutrition (feeding) programs for senior citizens.   Senior citizens whose income is below a specified amount (the amount was specified by the Federal government) are eligible to participate in the program. Monthly checks of $100 (this amount was specified by the Federal government) will be mailed to eligible senior citizens.  The proceeds of this grant should be accounted for in which of the following funds of the City?

      a)   General Fund.

      b)   Special Revenue Fund.

      c)   Agency Fund.

      d)   Expendable Trust Fund.

 25.  Financial assets held by a governmental investment pool should be valued at

      a)   Cost.

      b)   Amortized cost.

      c)   Fair value on the date of the financial statements.

      d)   Fair value computed by a weighted-average approach.

  PROBLEMS (CHAPTER 10)

 1.   Name the two financial statements and two schedules of required supplementary information required by GASB Statement No. 25 for each defined benefit pension plan.

  2.   The City of Shane received a cash gift of $125,000 from a citizen who specified that the gift must be used to support recreational activities for youth of the City. The City accounted for this gift in the appropriate fund.    During the year the City engaged in the following activities.  Prepare the appropriate journal entries.

        a)   The City accepted the donation.

        b)   The City engaged in a fund-raising effort to provide additional funds to support youth recreational activities. The City raised $6,000 in pledges.   The City collected $2,000 in cash with the remaining pledges collectible shortly after the end of the year.

        c)   The City temporarily invested $50,000 of the gift in marketable securities.

        d)   The City spent $26,000 on goal posts, nets, etc., for the soccer field.

        e)   The City received $2,000 in dividends and interest earned on the temporary investment.

        f)   At year-end the temporary investments had a market value of $51,000.

        g)   The City closed the revenue and expense accounts.

  3.   Assume a state government qualifies as a “cash conduit” on a $1 million pass-through grant from the federal government to a local government.  Record the following transactions in the state’s Pass-Through Agency Fund.

        a)   Receipt of the $1 million in cash.

        b)   Cash disbursement of $1 million to the local government.

  ESSAYS (CHAPTER 10)

 1.   Explain the difference between public-purpose trusts and private-purpose trusts.

 2.   Agency funds are excluded from the face of the external financial statements for a governmental entity.    What are agency funds?  Should they be presented on the face of the government's financial statements?   Could, or should, they be presented elsewhere?

 3.   Why do agency funds have no fund equity or operating accounts?  

    Chapter 11

 Issues of Reporting, Disclosure, and Financial Analysis

 TRUE/FALSE (CHAPTER 10)

 1.    Governments must incorporate their blended component units into both the fund and government-wide statements.

 2.    Governments must incorporate their discretely presented component units into both the fund and the government-wide statements.

 3.    A related organization is a contractual arrangement, whereby two or more participants agree to carry out a common activity and share its risks and rewards.

 4.    A related organization must be incorporated into the primary government’s financial statements.

 5.    The comprehensive annual financial report (CAFR) is divided into three main sections: the table of contents section, the auditors’ report section, and the financial section.

 6.    The typical audit is designed to cover all information included in the CAFR.

 7.    There are only two government-wide statements:  the statement of net assets and the statement of activities.

 8.    Required notes are an essential element of the basic financial statements.

 9.    Required supplementary information (RSI) is considered part of the basic financial statements.

 10.  Public colleges and universities must adhere to the same GASB pronouncements as other types of governments.

MULTIPLE CHOICE (CHAPTER 11)

  1.   Which of the following is NOT a primary government?

      a)   A state government.

      b)   A general purpose local government with the ability to determine its own budget.

      c)   A general purpose local government whose tax levies must be approved by the state.  

      d)   A special purpose local government whose tax levies must be approved by the state.

 2.   Which of the following is NOT required for a special purpose local government to be considered a primary government?

      a)   It must have a separately elected governing body.

      b)   It must have the power to issue tax exempt debt.

      c)   It must be legally separate from other primary governments.

      d)   It must be fiscally independent of other governments.

 3.   Which of the following is NOT a necessary condition for a governmental entity to be considered fiscally independent?

a)   It must be able to determine its own budget.

      b)   It must be able to levy taxes and/or set rates for its services.

      c)   It must be able to issue bonds.

      d)   It must be able to issue bonds that are tax-exempt.

 4.   Which of the following is NOT a necessary characteristic of a component unit?

      a)   It is legally separate from the other government.

      b)   The other government appoints a voting majority of the component unit’s governing body or a voting majority of the unit's governing body is composed of officials of the other government.

      c)   The other government can impose its will on the unit or the unit has the potential to provide a financial benefit to or impose a financial burden on the other government.

      d)   The other government provides services that are used by both governments.

 5.   The Marsh River School District, a legally separate school district that has a separately elected governing body, cannot enter into any debt agreements without the approval of the County Commission.   Marsh River School District would be considered a:

a)   Primary government.

      b)   Component unit.

      c)   Related organization.

      d)   Affiliated organization.

 6.   The County Commission appoints a voting majority of the members of the Board of a particular organization.  The County Commission cannot impose its will upon the organization.  There is no potential for the organization to provide any financial benefit to the County nor is there is any potential for the organization to impose any financial burden on the county.  The organization is an example of a:

a)   Primary government.

      b)   Component unit.

      c)   Related organization.

      d)   Affiliated organization.

 7.   The State has a legally separate State Building Authority which has a board appointed by the Governor.  The Authority issues debt in its own name, holds title to buildings in its own name, and leases its building exclusively to the State.  The authority would be considered a

      a)   Primary government.

      b)   Component unit.

      c)   Related organization.

      d)   Affiliated organization.

 8.   The State has a legally separate State Building Authority which has a board appointed by the Governor.  The Authority issues debt in its own name, holds title to buildings in its own name, and leases its building exclusively to the State.  In what manner would the Authority be included in the State’s Basic Financial Statements?

a)   Blended.

      b)   Discretely presented.

      c)   Note disclosure only.

      d)   Not included in any manner.

 9.   The City created a legally separate Housing Authority to provide low-income housing to residents of the City.  The City issues debt for the Housing Authority in the name of the City, but the Housing Authority is responsible for repayment of the debt.  The Housing Authority is governed by a board composed of all 5 members of the City Council.  Actions can be taken by the Authority upon receiving an affirmative vote by a simple majority of the board.  The Housing Authority would be considered a:

      a)   Primary government.

      b)   Component unit.

      c)   Related organization.

      d)   Affiliated organization.

 10.  The City created a legally separate Housing Authority to provide low-income housing to residents of the City.  The City issues debt for the Housing Authority in the name of the City, but the Housing Authority is responsible for repayment of the debt.  The Housing Authority is governed by a board composed of all 5 members of the City Council. Actions can be taken by Authority upon receiving an affirmative vote by a simple majority of the board.  In what manner would the Authority be included in the City’s Basic Financial Statements?

      a)   Blended.

      b)   Discretely presented.

      c)   Note disclosure only.

      d)   Not included in any manner.

 11. The County created a legally separate County Hospital authority.   Members of the board of the County Hospital are elected in county-wide elections.  The hospital receives no financial support from the County, except that the County pays the hospital bills for county indigents.  All revenues of the Hospital are user fees.  The County Hospital would be considered a

      a)   Primary government.

      b)   Component unit.

      c)   Related organization.

      d)   Affiliated organization.

 12.  The County created a legally separate County Hospital authority.   Members of the board of the County Hospital are elected in county-wide elections. The hospital receives no financial support from the County, except that the County pays the hospital bills for county indigents.  All revenues of the Hospital are user fees.  In what manner would the Hospital be included in the County’s Basic Financial Statements?

a)   Blended.

      b)   Discretely presented.

      c)   Note disclosure only.

      d)   Not included in any manner.

 13. The City created a legally separate Port Authority.  Members of the board of the Port Authority are elected in general city elections.  The Port Authority receives no tax dollars; it is supported entirely by user fees. The Port Authority determines its budget, sets user fees, and has the power to issue bonded debt.  The Authority would be considered a  

      a)   Primary government.

      b)   Component unit.

      c)   Related organization

      d)   Affiliated organization.

 14.  The City created a legally separate Port Authority. Members of the board of the Port Authority are elected in general city elections.  The Port Authority receives no tax dollars; it is supported entirely by user fees.  The Port Authority determines its budget, sets user fees, and has the power to issue bonded debt.  In what manner would the Port Authority be included in the City’s Basic Financial Statements?

      a)   Blended.

      b)   Discretely presented.

      c)   Note disclosure only.

      d)   Not included in any manner.

 15.  The City created a legally separate entity to operate a County Hospital. The City Council appoints a voting majority of the board of the Hospital.  The City cannot impose its will on the Hospital and there is no potential for a financial benefit or financial burden to the City.  The County Hospital would be a

      a) Primary government.

      b)   Component unit.

      c)   Related organization.

      d)   Affiliated organization.

 16.  The City created a legally separate entity to operate a County Hospital. The City Council appoints a voting majority of the board of the Hospital.  The City cannot impose its will on the Hospital and there is no potential for a financial benefit or financial burden to the City.  In what manner would the Hospital be included in the City’s Basic Financial Statements?

      a)   Blended.

      b)   Discretely presented.

      c)   Only by note disclosure of the relationship.

      d)   Not included in any manner.

 17.  A Comprehensive Annual Financial Report for the City of Highland Hills need not include which of the following sections?

      a)   Condensed summary data.

      b)   Introductory section.

      c)   Financial section.

      d)   Statistical section.

 18.  The introductory section of a CAFR does NOT include which of the following?

      a)   Table of Contents.

      b)   Letter of Transmittal.

      c)   Auditor’s Opinion on the Basic Financial Statements.

      d)   GFOA Certificate of Achievement.

 19.  The financial section of a CAFR does not include:

      a)   Letter of Transmittal.

      b)   MD&A and Other RSI.

      c)   Basic Financial Statements.

      d)   Notes to the financial statements.

 20.  Which of the following statements is not a required part of the General Basic Financial Statements of the City of Highland Hills?

      a)   Government-wide Statement of Net Assets.

      b)   Statement of Revenues, Expenditures, and Changes in Fund Balances for all Governmental Funds.

      c)   Statement of Revenues, Expenses, and Changes in Net Assets for all Proprietary and Fiduciary Funds.

      d)   Statement of Cash Flows for all Proprietary Funds.

 21.  The auditor’s report generally includes an opinion on which of the following sections of the CAFR?

      a)   The introductory section, the financial section, and the statistical section.

      b)   The introductory and the financial sections only.

      c)   The statistical and the financial sections only.

      d)   The financial section only.

 22.  Government-wide financial statements include which of the following?

      a)   Balance Sheet; Income Statement.

      b)   Balance Sheet; Income Statement; Statement of Cash Flows.

      c)   Statement of Net Assets; Statement of Activities.

      d)   Statement of Net Assets; Statement of Activities; Statement of Cash Flows; Statement of Changes in Long-Term Obligations.

 23.  Fund Financial Statements include which of the following for a proprietary fund?

      a)   Balance Sheet; Statement of Revenues, Expenses, and Changes in Net Assets.

      b)   Statement of Net Assets; Statement of Revenues, Expenses, and Changes in Net Assets; Statement of Cash Flows.

      c)   Statement of Net Assets; Statement of Changes in Net Assets.

      d)   Statement of Net Assets; Statement of Changes in Net Assets; Statement of Cash Flows.

 24.  Fund Financial Statements include which of the following for a governmental fund?

      a)   Statement of Net Assets; Statement of Changes in Net Assets.

      b)   Statement of Net Assets; Statement of Changes in Net Assets; Statement of Cash Flows.

      c)   Balance Sheet; Statement of Revenue, Expenditures, and Changes in Fund Balance; Statement of Cash Flows.

      d)   Balance Sheet; Statement of Revenue, Expenditures, and Changes in Fund Balance.

 25.  Fund financial statements for Fiduciary Funds include which of the following?

      a)   Balance Sheet; Income Statement.

      b)   Balance Sheet; Income Statement; Statement of Cash Flows.

      c)   Statement of Fiduciary Net Assets; Statement of Changes in Fiduciary Net Assets.

      d)   Statement of Fiduciary Net Assets; Statement of Changes in Fiduciary Net Assets; Statement of Cash Flows.

 26.  With regard to combining statements, which of the following statements is true?  

      a)   Combining statements for nonmajor governmental funds are optional.

      b)   Combining statements for nonmajor governmental funds are required.

      c)   Combining statements for nonmajor internal service funds are optional.

      d)   Combining statements for all internal service funds is optional.

 27.     With regard to MD&A, which of the following is true?

      a)   Is necessary to understanding a government’s financial standing.

      b)   Is necessary to provide information not already provided by the basic financial statements.

      c)   Is necessary to provide information not already provided by the CAFR.

      d)   Should not be required.

    PROBLEMS (CHAPTER 11)

 1.   For each of the following independent cases state whether or not the entity described should be included in the financial statements of the primary government and if so, how?  Be concise but adequately defend your answer using GASB criteria.

        a)   The Planning and Development Authority is a separate legal entity with a five-member board appointed as follows: one member appointed by the School District, one member appointed by the City, one member appointed by the County, and two members elected by the three appointed members.  The Planning and Development Authority borrowed $50,000 from the City.  The money was used to make loans to businesses agreeing to relocate to the immediate area.  Repayments of the principal and interest by borrowers is available for lending to new entities.

        b)   The State created a Public Building Authority, a separate legal entity.  The Governor appoints a voting majority of the board of the Authority. The Authority issues bonds, backed by the assets financed with the proceeds.  The Authority leases the buildings to the State and use the proceeds of the leases to service the debt on the bonds.

        c)   Bane County Hospital is built on land donated to the hospital by the US Bureau of Land Management.  The hospital board members elect replacements to the Board without outside nominations.  The hospital is entirely supported by revenues generated by the hospital.  The County Commission must approve the budget each year, but the County Commission has never questioned any item in the budget.

        d)   The State University board of trustees are elected in a statewide general election.  The State provides approximately half of the operating revenues necessary to fund University programs.  State laws apply to the conduct of business at the University.

 2.   Outline the required parts of a Comprehensive Annual Financial Report.

  ESSAYS (CHAPTER 11)

 1.   The state established the State Housing Authority to finance construction of low-income housing.  The Authority, a state-owned corporation, is governed by an independent board of directors, the members of which are appointed by the governor.  They can be removed only for cause.  The board of directors has complete control over the Authority’s operations.  The Director is hired by the Board and reports to the Board; the Director cannot be removed by the Governor. Although the State Constitution limits the State to $2 million of bonds, the Authority issued $970 million in bonds to finance construction projects.  Older debt issues are issued by the Authority but are backed by the taxing power of the State.  The newer bonds are issued by the Authority but are revenue bonds only.

 The Authority uses the proceeds of its debt to make loans to finance housing construction. Debt is serviced from monies received in repayment of loans made by the Authority.

Do you believe the State should include the Authority in its reporting entity?  If so, how?  Justify your answer using the GASB Financial Reporting Entity criteria.

 2.   A Comprehensive Annual Financial Report includes a Statistical Section.  What kinds of information are found in the statistical section?    To what use would a reader put the information found in the statistical section?  In your opinion, is the statistical section worth the effort put into its preparation?

 3.   GASB reporting standards require that legally separate component units be included on the face of the financial statements of the primary government.   Small City created a legally separate City Utility Service. The Small City Council appoints the Utility board members, authorizes the bonds of the Utility, and approves its budget.  Small City’s general fund revenues are $58 million; the revenues of the Public Utility are $100 million (the Public Utility owns a generating plant and sells its excess power to other communities).  Discuss the appropriate reporting for the Public Utility.  Do you think that this presentation is meaningful? Why or why not?

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HRM 500 Week 8 Assignment 3: Performance Management

HRM 500 Week 8 Assignment 3: Performance Management Click on the Link Below to Purchase A+ Graded Course Material

http://budapp.net/HRM-500-Assignment-3-Performance-Management-200.htm Due Week 8 and worth 250 points Imagine that you are the HR manager for a retail store. Your store sells clothing, shoes, handbags, linens, etc. The company recently had its worst quarter, and you want to improve employee performance through sales of the merchandise and through offering excellent customer service. The employees are less motivated, due to the recent negative media attention the company has been getting about its earnings. You want to implement a new performance management system, modify the employees’ current behavior, and link compensation directly to performance. Write a four to six (4-6) page paper in which you: 1. Create a job description for a retail sales associate. Create an organizational behavior modification (OBM) plan to define a set of three (3) key behaviors that are necessary for job performance. 2. Determine two (2) ways that an HR manager would measure whether prospective employees exhibit the key job performance behaviors. Propose two (2) methods that an HR manager can use to inform employees of the new performance standards. 3. As the HR manager, create a plan with two (2) methods of providing feedback to employees. Include the frequency with which the feedback would be provided. Propose two (2) actions that company leaders should take to reinforce positive employee behaviors. 4. As the HR manager, determine three (3) benefits the organization would gain if it adopts a management by objects (MBO) approach in which the employees’ goals are aligned with the organization’s goals. Provide two (2) reasons why it is important to align pay with performance. 5. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: •Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. •Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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BUS 310 Week 8 Assignment 2 – Strayer

BUS 310 Week 8 Assignment 2 – Strayer Click On The Link Below to Purchase A+ Graded Material Instant Download

http://budapp.net/BUS-310-Assignment-2-Strayer-NEW-BUS310A2.htm Assignment 2: Creating Your Dream Job Due Week 8 and worth 300 points In this assignment, you get the chance to create your dream job and to build its compensation plan and appraisal performance. Write a six to eight (6-8) paper paper in which you: 1. Create a job description and specifications for your dream job. 2. Design a compensation and benefits package related to your dream job. 3. Rationalize your compensation and benefits package. Be sure to indicate the research and considerations that went into the design of the compensation and benefits package. 4. Imagine this is the only position of its kind in the organization. From this perspective, design a performance appraisal program to assess your job performance. 5. Rationalize your performance appraisal program. Be sure to indicate the research and considerations that went into the design of the performance appraisal program. 6. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: •Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. •Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 
The specific course learning outcomes associated with this assignment are: •Discuss job analysis, job descriptions, and specifications. •Analyze various techniques, considerations, and designs of employee compensation programs. •Analyze various techniques, considerations, and designs of performance appraisal programs. •Use technology and information resources to research issues in human resource management. •Write clearly and concisely about human resource management using proper writing mechanics.

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CIS 524 Week 8 Assignment 3 – Strayer NEW

CIS 524 Week 8 Assignment 3 – Strayer NEW Click On The Link Below to Purchase A+ Graded Material Instant Download

http://budapp.net/CIS-524-Assignment-3-Strayer-NEW-CIS524A3.htm Assignment 3: Direct Manipulation Due Week 8 and worth 80 points Early computer systems relied on command line interfaces to perform all actions. Today, the majority of systems use direct manipulation rather than a command line interface. The goal of designing a direct manipulation interface is to make use of the system intuitive to the end user. One industry that has been extremely successful designing intuitive direct manipulation inputs is the video game industry. Most game players are able to learn controls as they play a game and then apply the same controls to similar games. Rarely do they need to read a user manual. Write a four to five (4-5) page paper in which you: 1. Describe the three (3) principles of direct manipulation and give examples as to how they are used in video game controls. 2. Analyze video game-type interfaces and discuss three (3) reasons why video game-type interfaces would not be effective for real-world applications. 3. Describe at least three (3) advantages of direct manipulation versus command line interfaces. 4. Evaluate direct manipulation and describe three (3) problems with it. 5. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: •Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. •Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 
The specific course learning outcomes associated with this assignment are: •Describe direct manipulation and virtual environments. •Use technology and information resources to research issues in human-computer interaction. •Write clearly and concisely about HCI topics using proper writing mechanics and technical style conventions.

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ECO 450 Week 8 Quiz – Strayer

ECO 450 Week 8 Quiz – Strayer

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Quiz 6 Chapter 11 and 12

CHAPTER 11 Taxation, Prices, Efficiency, and the Distribution of Income TRUE/FALSE QUESTIONS 1. A lump-sum tax results in both income and substitution effects.   2. A consumer currently pays $500 a year retail sales taxes. She would be better off if she paid the same amount annually as a lump-sum tax.   3. Clothing is sold in perfectly competitive markets where no externalities prevail. An excise tax on clothing will result in a market price for clothing that equals the marginal social benefit and mar¬ginal social cost of service.   4. Assuming that the income effects are negligible and that beer is sold in a competitive market, a 10 cent per can tax on beer that causes a 10,000 can per month decline in sales will result in an excess burden of $1,000 per month.   5. A tax on land results in an income effect on landlords but no substitution effect. Then it follows that the excess burden of a tax on land will be zero.   6. The excess burden of a tax on interest income is $5 billion per year. Total interest income per year is $50 billion. The tax currently collects $15 billion in revenue per year. The efficiency-loss ratio of the tax is therefore 0.33.   7. A payroll tax results in a difference between the gross wages paid by employers and the net wages received by workers.   8. If the market supply of labor services is perfectly inelastic, a tax on labor income will reduce the net wages received by workers by the full amount of the tax per labor hour.   9. If a $10 per unit tax is levied on the output of a monopolist, more of that tax will be shifted to con¬sumers than would be the case if the same good were produced by a competitive industry.   10. A study indicates that taxes in the United States reduce the Gini coefficient for the nation by 10 percent. This implies that taxes make the income distribution more equal.   11. A lump-sum tax only results in income effects.   12. An income tax is an example of a price-distorting tax.   13. The more price-elastic the demand of a taxed item, the lower the excess burden of a tax on the sale of that item.   14. If the tax on the sale of gasoline is doubled from 20 cents per gallon to 40 cents per gallon, the excess burden of the tax will quadruple.   15. If the compensated elasticity of supply of labor is zero, then a tax on labor earnings will have zero excess burden.   16. Lump-sum taxes do not prevent prices from equaling the marginal social cost and benefit of any goods and services.   17. Lump-sum taxes can vary in amount based on income level.   18. A lump-sum tax can distort prices and affect consumption behavior.   MULTIPLE CHOICE QUESTIONS 1. A lump-sum tax: a. distorts market prices so that they do not simultaneously equal MSB and MSC. b. can result in price changes but does not prevent prices from simultaneously being equal to MSB and MSC. c. results in substitution effects that change prices. d. results in both substitution effects and income effects that change prices. 2. The current price of compact discs, which are traded in perfectly competitive markets, is $10. A $1 per unit tax is levied on the discs. Annual record sales decline from five million to four million as a result of the tax. Assuming that the income effect of the tax-induced price change is negligible, the excess burden of the tax will be: a. $500,000 per year. b. $1 million per year. c. $2 million per year. d. $2.5 million per year. 3. The elasticity of supply of land is zero.A tax on land results only in an income effect to landlords. Then it follows that a 10-percent tax on land rents will: a. have a positive excess burden. b. be shifted forward to tenants. c. be paid entirely by landlords. d. have zero excess burden. e. both (c) and (d) 4. Currently, a 10-cent per gallon tax is levied on gasoline consumption.The tax is increased to 20 cents per gallon. The excess burden of the tax will: a. remain the same. b. double. c. increase four times. d. decline. 5. The supply of new cars is perfectly elastic. A $400 per car tax is levied on buyers. As a result of the tax, a. the price received by sellers will fall by $400. b. the price paid by buyers, including the tax, will increase by $400. c. the quantity of cars sold per year will be unchanged. d. the excess burden of the tax will be zero. e. both (c) and (d) 6. Other things being equal, the more inelastic the demand for a taxed good, a. the greater the portion of the tax paid by sellers. b. the greater the excess burden of the tax. c. the greater the portion of the tax paid by buyers. d. the less the portion of a tax on sellers that can be shifted to buyers. 7. The market supply of labor is perfectly inelastic. However, the income effect of tax-induced wage changes are believed to be substantial. Then it follows that a tax on labor income will: a. have zero excess burden. b. have positive excess burden. c. be paid entirely by workers as a reduction in net wages. d. both (a) and (c) e. both (b) and (c) 8. Suppose an economy is comprised of only two markets: one for food and the other for housing. A tax on food used to finance transfer payments is likely to: a. decrease the price of food. b. increase the price of housing. c. decrease the price of housing. d. have no effect on either the price of food or housing. 9. Differential tax incidence measures the effect: a. that a tax and the expenditures it finances have on the distribution of income. b. that one tax alone has on the distribution of income. c. on the distribution of income of substituting one tax for another while holding the size and composition of the budget fixed. d. on the distribution of income of substituting one tax for another while changing the kinds of government services financed. 10. Most studies of tax incidence assume that taxes on labor income and other input services are borne entirely by the workers and other input owners that supply the services. This implies that the: a. supply of those input services is very elastic. b. supply of those input services is of unitary elasticity. c. supply of those input services is perfectly inelastic. d. demand for those input services is perfectly elastic. 11. Most studies show that the price elasticity of demand for gasoline is –0.2. If the price elasticity of supply is 2, then a tax on gasoline will: a. have no effect on the market equilibrium price of gasoline. b. cause the market equilibrium price of gasoline to fall. c. cause the market equilibrium price paid by buyers to rise. d. cause the net price received by sellers to fall. e. both (c) and (d) 12. The demand for medical care is very inelastic. If a 10-percent tax is levied on the sale of medical services and is collected from medical-care providers, then: a. the incidence of the tax is likely to be borne entirely by medical-care providers. b. most of the tax is likely to be shifted to those who purchase medical care. c. the market equilibrium price of medical care will fall. d. the excess burden of the tax is likely to be very high. 13. Which of the following is true about a lump-sum tax? a. It prevents efficiency from being attained in competitive markets. b. It causes substitution effects. c. It causes income effects. d. It causes both income effects and substitution effects. 14. Housing construction is generally believed to be an industry of constant costs. In the long run, whichof the following is true if a $10 per square foot tax on housing construction is collected directly from builders? a. The incidence of the tax will be borne by builders. b. The excess burden of the tax will be zero. c. The quantity of new construction supplied will be unaffected. d. The tax will be fully shifted to buyers of new construction. 15. If the price elasticity of supply of labor is equal to 0.5 and the price elasticity of demand for labor is –2, then which of the following is likely to result from a tax on labor earnings? a. The tax will be fully borne by workers. b. Some of the tax will be shifted to employers as market equilibrium wages increase. c. Market equilibrium wages will decline. d. There will be no effect on market equilibrium wages. 16. If a lump-sum tax is imposed, the slope of the new budget line relative to the budget line prior to the tax: a. remains unchanged. b. increases. c. decrease. d. can increase and decrease in different regions. 17. Viewed from origin a price distorting tax creates a new budget line with a ______ slope relative to the budget line without the tax. a. less steep b. more steep c. similar d. varying 18. A $0.30 per unit tax is imposed on a good that reduces the quantity supplied and demanded by 1000 units.  What is the deadweight loss (ignore price elasticities)? a. $300.00 b. $100.00 c. $150.00 d. Cannot be determined. 19. If a per unit tax is imposed, but the quantity supplied and demanded does not change then: a. the demand is perfectly inelastic. b. the supply is perfectly inelastic. c. there is no deadweight loss. d. All of the above. 20. The efficiency-loss ratio relative to tax is: a. the deadweight loss less the tax revenue. b. the deadweight loss divided by the tax revenue reduced by one. c. the excess burden divided by the tax revenue. d. None of the above.

CHAPTER 12 Budget Balance and Government Debt TRUE/FALSE QUESTIONS 1. From 1950 to 2009, the federal government budget has been in balance in most years.   2. The high employment budget deficit implies that increases in economic activity will not eliminate the actual deficit.   3. Other things being equal, an increase in government borrowing is likely to increase interest rates.   4. If taxpayers anticipate future tax increases when government borrows to finance deficits, increased government borrowing will increase interest rates.   5. As of 2008, the amount of feder

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ACC 350 Week 8 Quiz – Strayer

ACC 350 Week 8 Quiz – Strayer

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http://budapp.net/ACC-350-Week-8-Quiz-Strayer-345.htm

Quiz 6 Chapter 7  

Flexible Budgets, Direct-Cost Variances, and Management Control

1)

The master budget is one type of flexible budget.  

2)

A flexible budget is calculated at the start of the budget period.  

3)

Information regarding the causes of variances is provided when the master budget is compared with actual results.  

4)

A variance is the difference between the actual cost for the current and previous year.  

5)

A favorable variance results when budgeted revenues exceed actual revenues.  

6)

Management by exception is the practice of concentrating on areas not operating as anticipated (such as a cost overrun) and placing less attention on areas operating as anticipated.  

7)

The essence of variance analysis is to capture a departure from what was expected.  

8)

A favorable variance should be ignored by management.  

9)

An unfavorable variance may be due to poor planning rather than due to inefficiency.  

10)

The only difference between the static budget and flexible budget is that the static budget is prepared using planned output.  

11)

The static-budget variance can be subdivided into the flexible-budget variance and the sales-volume variance.  

12)

The flexible-budget variance may be the result of inaccurate forecasting of units sold.  

13)

Decreasing demand for a product may create a favorable sales-volume variance.  

14)

An unfavorable variance is conclusive evidence of poor performance.  

15)

A company would not need to use a flexible budget if it had perfect foresight about actual output units.  

16)

The flexible-budget variance pertaining to revenues is often called a selling-price variance.  

17)

Cost control is the focus of the sales-volume variance.  

18)

The term efficiency variance is the direct-cost portion of the flexible-budget variance.  

19)

Managers generally have more control over efficiency variances than price variances.  

20)

To prepare budgets based on actual data from past periods is preferred since past inefficiencies are excluded.   21)

All budgets are based on standard costs.  

22)

A standard is attainable through efficient operations but allows for normal disruptions such as machine breakdowns and defective production.  

23)

One advantage of using standard times to develop a budget is they are simple to compile, are based solely on the past actual history, and do not require expected future changes to be taken into account.  

24)

The presumed cause of a material price variance will determine how a company responds.  

25)

The price variance is the difference between the actual price and the budgeted price of the input, multiplied by the actual quantity of input.  

26)

For any actual level of output, the efficiency variance is the difference between actual quantity of input used and the budgeted quantity of input allowed to produce actual output, multiplied by the actual price.  

27)

The use of high-quality raw materials is likely to result in a favorable efficiency variance and an unfavorable price variance.  

28)

The direct manufacturing labor price variance is likely to be favorable if higher-skilled workers are put on a job.  

29)

Although computed separately, price variances and efficiency variances should not be analyzed separately from each other.  

30)

A favorable variance can be automatically interpreted as "good news."   31)

Variances often affect each other.  

32)

If variance analysis is used for performance evaluation, managers are encouraged to meet targets using creativity and resourcefulness.  

33)

When using variance for performance evaluation, managers often focus on effectiveness and efficiency as two of the common attributes used in comparing expected results with actual results.  

34)

For critical items such as product defects, a small variance may prompt investigation.  

35)

A particular variance generally signals one particular problem.  

36)

If budgets contain slack, cost variances will tend to be favorable.  

37)

Continuous improvement budgeted costs target price reductions and efficiency improvements.  

38)

Improvement opportunities are easier to identify when products have been on the market for a considerable period of time.  

39)

It is best to rely totally on financial performance measures rather than using a combination of financial and nonfinancial performance measures.  

40)

From the perspective of control, the direct materials price variance should be isolated at the time the direct materials are requisitioned for use.  

41)

The goal of variance analysis is for managers to understand why variances arise, to learn, and to improve future performance.  

42)

Employees logging in to production floor terminals and other modern technologies greatly facilitate the use of a standard costing system.  

43)

Performance variance analysis can be used in activity-based costing systems.  

44)

Price variances can be calculated for batch-level costs as well as for output unit-level costs.  

45)

Benchmarking is the continuous process of measuring products, services, and activities against the best possible levels of performance, either inside or outside the organization.  

46)

When benchmarking, the best levels of performance are typically found in companies that are totally different.  

47)

One problem with benchmarking is ensuring that numbers are comparable.  

48)

When benchmarking it is best when management accountants simply analyze the costs and allow management to provide the insight as to why the revenues and costs differ between companies.  

49)

The master budget is:   A)

a flexible budget   B)

a static budget   C)

developed at the end of the period   D)

based on the actual level of output  

50)

A flexible budget:   A)

is another name for management by exception   B)

is developed at the end of the period   C)

is based on the budgeted level of output   D)

provides favorable operating results  

51)

Management by exception is the practice of concentrating on:   A)

the master budget   B)

areas not operating as anticipated   C)

favorable variances   D)

unfavorable variances  

52)

A variance is:   A)

the gap between an actual result and a benchmark amount   B)

the required number of inputs for one standard output   C)

the difference between an actual result and a budgeted amount   D)

the difference between a budgeted amount and a standard amount  

53)

An unfavorable variance indicates that:   A)

actual costs are less than budgeted costs   B)

actual revenues exceed budgeted revenues   C)

the actual amount decreased operating income relative to the budgeted amount   D)

All of these answers are correct.  

54)

A favorable variance indicates that:   A)

budgeted costs are less than actual costs   B)

actual revenues exceed budgeted revenues   C)

the actual amount decreased operating income relative to the budgeted amount   D)

All of these answers are correct.  

Answer the following questions using the information below:

Abernathy Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.

Actual Budgeted Units sold 92,000 units 90,000 units Variable costs $450,800 $432,000 Fixed costs $ 95,000 $100,000

55)

What is the static-budget variance of revenues?   A)

$20,000 favorable   B)

$20,000 unfavorable   C)

$2,000 favorable   D)

$2,000 unfavorable  

56)

What is the static-budget variance of variable costs?   A)

$1,200 favorable   B)

$18,800 unfavorable   C)

$20,000 favorable   D)

$1,200 unfavorable  

57)

What is the static-budget variance of operating income?   A)

$3,800 favorable   B)

$3,800 unfavorable   C)

$6,200 favorable   D)

$6,200 unfavorable  

Answer the following questions using the information below:

Bates Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.

Actual Budgeted Units sold 495,000 units 500,000 units Variable costs $1,250,000 $1,500,000 Fixed costs $ 925,000 $ 900,000

58)

What is the static-budget variance of revenues?   A)

$50,000 favorable   B)

$50,000 unfavorable   C)

$5,000 favorable   D)

$5,000 unfavorable  

59)

What is the static-budget variance of variable costs?   A)

$200,000 favorable   B)

$50,000 unfavorable   C)

$250,000 favorable   D)

$250,000 unfavorable  

60)

What is the static-budget variance of operating income?   A)

$175,000 favorable   B)

$195,000 unfavorable   C)

$225,000 favorable   D)

$325,000 unfavorable  

Answer the following questions using the information below:

Racine Filter Corporation used the following data to evaluate their current operating system. The company sells items for $14.50 each and had used a budgeted selling price of $15 per unit.

Actual Budgeted Units sold 206,000 units 200,000 units Variable costs $965,000 $950,000 Fixed costs $ 53,000 $ 50,000

61)

What is the static-budget variance of revenues?   A)

$90,000 favorable   B)

$13,000 favorable   C)

$13,000 unfavorable   D)

$6,000 favorable  

62)

What is the static-budget variance of variable costs?   A)

$13,000 favorable   B)

$13,000 unfavorable   C)

$15,000 favorable   D)

$15,000 unfavorable  

63)

What is the static-budget variance of operating income?   A)

$31,000 unfavorable   B)

$26,000 favorable   C)

$28,000 favorable   D)

$28,000 unfavorable  

64)

Regier Company had planned for operating income of $10 million in the master budget but actu

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ECO 550 Week 8 Discussion Question – Strayer New

ECO 550 Week 8 Discussion Question – Strayer New

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Week 8 Discussion

" Moral Hazard" The managerial economist runs into moral hazard issues frequently. It is also in our political system.  Just listen to Donald Trump as he describes contributing to all sorts of campaigns of people with both parties so he could get favors later on. He knows how the system works, and says correctly it is filled with moral hazard, and he wishes to put a damper on it. He says our system is broken. WATCH THIS VIDEO  .  https://www.youtube.com/watch?v=BtvPewHoXtM http://www.youtube.com/watch?v=HxPfJ0RpVaw http://www.youtube.com/watch?v=s7E0iVXura4 http://www.youtube.com/watch?v=QJqZDtVXPUU http://www.youtube.com/watch?v=_SdtoKeFTi0

Robert Reich interesting observations--Corporate tax "reform" is high on the Republican agenda because the GOP's corporate patrons are demanding payoff from their investments in the 2014 election. Watch your wallets. Here are the four biggest right-wing whoppers about corporate taxes: 1. The U.S. corporate tax rate of 35% is one of the highest among advanced countries. True but misleading. The effective corporate income-tax rate – what corporations actually pay after all deductions, credits, and loopholes – is 27.7%, close to the average of all rich countries (27.2%). 2. Today's corporate tax rate is high by historic standards. Baloney. In the 1950s it was over 50%. 3. The corporate tax reduces corporate profits, which makes it harder for corporations to hire. Wrong. Corporate profits today are the highest they've been since World War II as a percentage of the economy. 4. Lowering the corporate income-tax would spur economic growth. Baloney. There's no relation between corporate tax rates and growth. In the 1950s and 60s, when the corporate tax was over 50%, the economy grew faster (at an annual average rate of 3.9%) than it has since the rate was reduced. Moral Hazard--4 short but fascinating videos on President Andrew Jackson, as well as various U.S. founding fathers,  on fearing the actions and corruptions of big bankers!!!  Sound familiar to today!! 1 President Andrew Jackson and Big Banks--sounds like today!!!) --(from History Channel)-http://www.youtube.com/watch?v=Knf8KA5aAjw&feature=related 2 (Also Thomas Jefferson)  --- http://www.youtube.com/watch?v=3cnItVN1Gk0 and 3  http://www.youtube.com/watch?v=H7yjfI19b7s 4 ( from HBO film mini series on President John Adams-- (Watch at the dinner table--George Washington, Thomas Jefferson- who had just returned from Paris, Alexander Hamilton, our first Secretary of the Treasury, and John Adams)   http://www.youtube.com/watch?v=UrxKOO0nKwc

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ACC 577 Week 8 Assignment 1 – Strayer NEW

ACC 577 Week 8 Assignment 1 – Strayer NEW

Click On The Link Below To Purchase A+ Graded Material Instant Download

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Assignment 1: Emerging Issues Task Force Due Week 8 and worth 280 points

Review the Emerging Issues Task Force (EITF) on the FASB Website, located at http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1218220137512. Next, review the Description and Status of Current Issues section, located at http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1218220137528, along with the Exposure Drafts and Public Comment Documents, located at http://www.fasb.org/cs/ContentServer?site=FASB&c=Page&pagename=FASB%2FPage%2FSectionPage&cid=1176157086783.

Write a four to five (4-5) page paper in which you: 1. Analyze the primary way in which Emerging Issues Task Force (EITF) influences Generally Accepted Accounting Principles (GAAP). Based on your analysis, recommend one (1) improvement that the EITF could take in order to more effectively influence GAAP. 2. From the Description and Status of Current Issues section of the FASB Website, choose one (1) of the current issues, and analyze the EITF’s conclusion(s). Based on your analysis, make at least two (2) recommendations that would enhance the EITF’s conclusion(s).  Provide a rationale to support your recommendation.   3. From the Exposure Drafts and Public Comment Documents section of the FASB Website, choose one (1) public comment on the most recent exposure draft issued by EITF. Analyze the chosen public comment, and give your opinion on whether or not you agree with the commenter. Support your position with at least two (2) examples.   4. Imagine that your company has tasked you with proposing a new agenda item for the EITF to consider. Create a scenario for one (1) accounting issue that you would propose, and support that proposal with a brief statement of the issue(s).   5. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, your name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are: • Analyze the financial principles and concepts related to consolidated financial statements, intercompany transactions, combined financial statements, financial instruments, derivatives, hedging and contingencies, and commitments. • Analyze the financial principles and concepts related to earnings per share, disclosures and reporting, and foreign currency transactions. • Use technology and information resources to research issues in financial accounting and reporting. • Write clearly and concisely about financial accounting and reporting using proper writing mechanics.

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BUS 599 Week 8 Assignment 3 – Strayer New

BUS 599 Week 8 Assignment 3 – Strayer New

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Assignment 3 Part 1: Operation, Technology, and Management Plan Due Week 8 and worth 70 points Use the “NAB Company Portfolio”. Write a three to six (3-6) page paper in which you provide the following information below. Operations Plan (1 – 2 pages) Note: Remember to assign a dollar amount to each operational cost you find, as you will need these figures for your income statement and cash flow in Week 8. 1. Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form - Click here for help accessing a specific page number in your eBook). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences. 2. Provide a rationale for the competitive advantages section using appropriate functional-level and business-level strategies to explain the competitive advantages. o Note: Much of the research pertaining to the hints provided here can be found in the NAB company portfolio. o Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company. o Hints: One of your biggest expenses as a startup non-alcoholic beverage company will be transitioning from a small batch prototype of your beverage to production on a large scale. Research the equipment you will need (vats, refrigerators, burners, ovens, bottling equipment, and so on), whether you will rent or buy, how you will maintain and clean it, and so forth. Consider how you will ensure quality control. What capacity do you intend to reach? o Hints: Deliberate your inventory control. Where do your supplies come from and what is your turnaround time to produce your beverage once you have received an order? o Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of class. o Hints: How will you stay abreast of new developments in your industry? What new products do you have in development now, in addition to your flagship product? Describe your research and development activities and explain how they will contribute to the company. Technology Plan (1 – 2 pages) 4. Create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form ). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences. 5. Provide a rationale for the personnel needs section by incorporating appropriate functional-level strategies. o Hints: Consider the type of technology your company will use to conduct the following activities: manage personnel; take, fulfill, and track orders; manage inventory; communicate with customers and provide customer service; and produce your beverage. Management & Organization (1 – 2 pages) 6. Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form ). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences. 7. Using the flow charts on p. 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported / included in the MS Word document. 8. Provide a rationale for the management structure and style section by incorporating appropriate functional-level strategies. 9. Format your assignment according to these formatting requirements: a. Cite the resources you have used to complete this exercise. Note: There is no minimum requirement for the number of resources used in the exercise. b. Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. c. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. The specific course learning outcomes associated with this assignment are: • Create a plan to implement a firm’s strategy and manage the change from current operations. • Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals. • Use technology and information resources to research issues in strategic management. • Write clearly and concisely about strategic management using proper writing mechanics.

Assignment 3 Part 2: Business Plan – Draft Due Week 8 and worth 30 points This assignment consists of two (2) sections: a draft of your business plan and an income statement containing your business plan financials (i.e. Week 7 Discussion "The Financials"). Note: You must submit both sections as separate files for the completion of this assignment. You must intend to raise money for your startup company. You can start with money from friends and family but at some point you will need funds from outside investors, either angels or venture capitalists, depending on how much money you project you will need to raise. Another possible angle is to develop money through crowdfunding, assuming your product meets the demand of such audiences. Before you can raise money, you must develop a business plan that convinces an investor that your company will succeed. Section 1: Business Plan (MS Word or equivalent) Read Chapters 18 and 19 of the course text: Successful Business Plan. Use the Plan Preparation Forms at the end of each chapter of Successful Business Plan as a rough guide. Write an approximately fifteen to twenty (15-20) page draft of your business plan in which you: 1. Revise the components of the following previously submitted sections based on the feedback you have received. 1. a. Company Description (Assignment 1) b. Industry Analysis and Trends (Assignment 1) c. Strategic Position & Risk Assessment (Assignment 1) d. Target Market (Assignment 2) e. Competition (Assignment 2) f. Marketing Plan & Sales Strategy (Assignment 2) 2. Create an Ethics & Social Responsibility Plan. Note: The Ethics & Social Responsibility plan should account for approximately three to five (3-5) pages of the Business Plan Draft. 2. a. Describe the ways in which your company is committed to being a good corporate citizen. • o Hints: Consider the following areas:  Creating jobs  Following the laws of every jurisdiction in which your company operates  Fair and honest treatment of employees  Non-discrimination of employees and increasing diversity of your work force o Hints: If your company is designed as a social venture—in which you have a primary purpose of achieving a social or environmental goal—describe what that goal is and what aspects of your company are designed to reach that goal. Provide a rationale for why you have or why you have not chosen this to be a social venture. 3. b. Discuss how your company’s activities will affect the environment and identify the steps you will take to mitigate any negative impacts. • o Hints: As a beverage company, consider such issues as your choice of packaging, disposal of bottles / packages by consumers, and your use of resources, such as water in areas where water may be scarce. 4. c. Determine any health issues / claims related to the product you are making, whether negative or positive. Suggest the strategy your company will use to mitigate any negative issues, and to ensure any positive claims are true. 5. d. Many beverage products have negative health impacts on certain segments of a population (e.g., children, pregnant mothers, etc.). Suggest your company’s plan, through advertising, distribution, and / or other methods, to target and reach only appropriate market segments. 3. Format your assignment according to these formatting requirements: a. Cite the resources you have used to complete the exercise. Note: There is no minimum requirement for the number of resources used in the exercise. b. Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. c. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. Section 2: Business Plan Financials (MS Excel worksheets template) 4. For year one, revise and submit the Income Statement, Cash Flow Projections, and Balance Sheet sections from the “Business Plan Financials” MS Excel template (see: Course Required Files in Week 1). The specific course learning outcomes associated with this assignment are: • Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals. • Create a plan to implement a firm’s strategy and manage the change from current operations. • Analyze strategies for exerting the internal leadership needed to drive the implementation of strategic initiatives and improve operating excellence. • Use technology and information resources to research issues in strategic management. • Write clearly and concisely about strategic management using proper writing mechanics. BUS 599 Week 8 Assignment 3 – Strayer New

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ACC 557 Week 8 Quiz – Strayer NEW

ACC 557 Week 8 Quiz – Strayer NEW

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Quiz Chapter 11

All possible questions with answers

TRUE-FALSE STATEMENTS

A corporation is not an entity which is separate and distinct from its owners.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A corporation can be organized for the purpose of making a profit or it may be not-for-profit.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A corporation acts under its own name rather than in the name of its stockholders.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

If a corporation pays taxes on its income, then stockholders will not have to pay taxes on the dividends received from that corporation.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A corporation must be incorporated in each state in which it does business.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A stockholder has the right to vote in the election of the board of directors.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Interaction, IMA: FSA

A proxy is a legal document that instructs a stockholder’s agent how to vote shares of stock for the stockholder.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Interaction, IMA: FSA

As soon as a corporation is authorized to issue stock, an accounting journal entry should be made recording the total value of the shares authorized.

Ans:LO: 1, Bloom: C, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Corporate Finance

The par value of common stock must always be equal to its market value on the date the stock is issued.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Business Economics

When no-par value stock does not have a stated value, the entire proceeds from the issuance of the stock becomes legal capital.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Reporting

A corporation can issue more shares than it is authorized in its charter, if the board of directors approves of an increase in the number of authorized shares.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

The market value of a corporation's stock is determined by the number of shares that the corporation has been authorized to issue.

Ans:LO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

Stock can be issued only in exchange for cash.

Ans:LO: 2, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: FSA

The par value of stock issued for noncash assets is never a factor in determining the cost of the assets received.

Ans:LO: 2, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: FSA

The acquisition of treasury stock by a corporation increases total assets and total stockholders' equity.

Ans:LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

Treasury stock should not be classified as a current asset.

Ans:LO: 3, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

Treasury stock purchased for $25 per share that is reissued at $20 per share, results in a Loss on Sale of Treasury Stock being recognized on the income statement.

Ans:LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: Ethics, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

Treasury stock is a contra stockholders' equity account.

Ans:LO: 3, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

The number of common shares outstanding can never be greater than the number of shares issued.

Ans:LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

Preferred stock has contractual preference over common stock in certain areas.

Ans:LO: 4, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting

Preferred stockholders generally do not have the right to vote for the board of directors.

Ans:LO: 4, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: None, AICPA PC: None, IMA: Investment Decisions

Dividends in arrears on cumulative preferred stock are considered a liability.

Ans:LO: 4, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: None, IMA: Reporting

Dividends may be declared and paid in cash or stock.

Ans:LO: 5, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: Business Economics

Cash dividends are not a liability of the corporation until they are declared by the board of directors.

Ans:LO: 5, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: Business Economics

The amount of a cash dividend liability is recorded on the date of record because it is on that date that the persons or entities who will receive the dividend are identified.

Ans:LO: 5, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A 10% stock dividend will increase the number of shares outstanding but the book value per share will decrease.

Ans:LO: 5, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A 3-for-1 common stock split will increase total stockholders' equity but reduce the par or stated value per share of common stock.

Ans:LO: 5, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

Retained earnings represents the amount of cash available for dividends.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Business Economics

Net income of a corporation should be closed to retained earnings and net losses should be closed to paid-in capital accounts.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: None, IMA: Business Economics

A debit balance in the Retained Earnings account is identified as a deficit.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A correction in income of a prior period involves either a debit or credit to the Retained Earnings account.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

Prior period adjustments to income are reported in the current year's income statement.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

Retained earnings that are restricted are unavailable for dividends.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

Restricted retained earnings are available for preferred stock dividends but unavailable for common stock dividends.

Ans:LO: 6, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: FSA

A retained earnings statement shows the same information as a corporation income statement.

Ans:LO: 6, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: Reporting

A detailed stockholders' equity section in the balance sheet will list the names of individuals who are eligible to receive dividends on the date of record.

Ans:LO: 7, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: Reporting

Common Stock Dividends Distributable is shown within the Paid-in Capital subdivision of the stockholders' equity section of the balance sheet.

Ans:LO: 7, Bloom: K, Difficulty: Easy, Min: 1, AACSB: Communications, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: Communication, IMA: Reporting

Return on common stockholders’ equity is computed by dividing net income by ending stockholders’ equity.

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IN 350 Week 8 Quiz – Strayer

FIN 350 Week 8 Quiz – Strayer

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Quiz 7 Chapter 16 and 17

Chapter 16—Foreign Exchange Derivative Markets

1. At any given point in time, the price at which banks will buy a currency is ____ the price at which they sell it. a. higher than b. lower than c. the same as d. none of the above

2. Which of the following is most likely to provide currency forward contracts to their customers? a. commercial banks b. international mutual funds c. brokerage firms d. insurance companies

3. The ____ allowed for the devaluation of the dollar in 1971. a. Bretton Woods Agreement b. Louvre Accord c. Smithsonian Agreement d. none of the above

4. The Bretton Woods Era was the era a. of free-floating exchange rates. b. of floating rates without boundaries, but subject to government intervention. c. in which governments maintained exchange rates within 1 percent of a specified rate. d. in which exchange rates were maintained within 10 percent of a specified rate.

5. A system whereby exchange rates are market determined without boundaries but subject to government intervention is called a. a dirty float. b. a free float. c. the gold standard. d. the Bretton Woods era.

6. A system whereby one currency is maintained within specified boundaries of another currency or unit of account is a a. pegged system. b. free float. c. dirty float. d. managed float.

7. A country that pegs its currency is still able to maintain complete control over its local interest rates. a. True b. False

8. If the demand for British pounds ____, the pound will ____, other things being equal. a. increases; appreciate b. decreases; appreciate c. increases; depreciate d. B and C

9. A(n) ____ in the supply of euros for sale will cause the euro to ____. a. increase; appreciate b. increase; depreciate c. decrease; depreciate d. none of the above

10. Beginning with an equilibrium situation, if European inflation suddenly ____ than U.S. inflation, this forced ____ pressure on the value of the euro. a. becomes much higher; upward b. becomes much higher; downward c. becomes much less; upward d. becomes much less; downward e. B and C

11. Purchasing Power Parity suggests that the exchange rate will on average change by a percentage that reflects the ____ differential between two countries. a. income b. interest rate c. inflation d. tax

12. In reality, exchange rates do not always change as suggested by purchasing power parity. a. True b. False

13. If U.S. interest rates suddenly become much higher than European interest rates (and if it does not cause concern about higher inflation there), the U.S. demand for euros would ____, and the supply of euros to be exchanged for dollars would ____, other factors held constant. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decrease

14. Assume interest rate parity exists. If the spot rate on the British pound is $2 and the 1-year British interest rate is 7 percent, and the 1-year U.S. interest rate is 11 percent, what is the pound's forward discount or premium? a. 3.74 percent premium b. 3.74 percent discount c. 3.60 percent premium d. 3.60 percent discount

15. When a government influences factors, such as inflation, interest rates, or income, in order to affect currency's value, this is an example of a. direct intervention. b. indirect intervention. c. a freely floating system. d. a pegged system.

16. Which of the following statements is incorrect? a. Central banks often consider adjusting a currency's value to influence economic conditions. b. If the U.S. central bank wishes to stimulate the economy, it could weaken the dollar. c. A weaker dollar could cause U.S. inflation by reducing foreign competition. d. Direct intervention occurs when the central bank influences the factors that determine the dollar's value.

17. Direct intervention is always extremely effective. a. True b. False

18. If the U.S. government imposed trade restrictions on U.S. imports, this would ____ the U.S. demand for foreign currencies, and would place ____ pressure on the values of foreign currencies (with respect to the dollar). a. increase; upward b. increase, downward c. limit; upward d. limit; downward

19. If a commercial bank expects the euro to appreciate against the dollar, it may take a ____ position in euros and a ____ position in dollars. a. short; short b. long; short c. short; long d. long; long

20. Generally, a ____ home currency can ____ domestic economic growth. a. weak; dampen b. strong; stimulate c. strong; dampen d. A and B

21. A ____ home currency can ____ domestic inflation. a. strong; increase b. weak; decrease c. strong; decrease d. A and B

22. If the forward rate of a foreign currency ____ the existing spot rate, the forward rate will exhibit a ____. a. exceeds; discount b. is below; premium c. is below; discount d. A and B

23. ____ forecasting involves the use of historical exchange rate data to predict future values. a. Technical b. Fundamental c. Market-based d. Mixed

24. ____ forecasting is usually based on either the spot rate or the forward rate. a. Technical b. Fundamental c. Market-based d. Mixed

25. Fundamental forecasting has been found to be consistently superior to the other forecasting techniques. a. True b. False

26. Which of the following is not a method of forecasting exchange rate volatility? a. using the volatility of historical exchange rate movements b. using a time series of volatility patterns in previous periods c. using the volatility of future exchange rate movements d. using the exchange rate's implied standard deviation

27. Assume the following information.

• Interest rate on borrowed euros is 5 percent annualized • Interest rate on dollars loaned out is 6 percent annualized • Spot rate for €0.83 per dollar (one € = $1.20) • Expected spot rate in five days is €0.85 per dollar • Alonso Bank can borrow €10 million

What is the euro profit to Alonso Bank over the five-day period from shorting euros and going long on dollars? a. €200,311.11 b. €207,111.11 c. €201,555.56 d. none of the above

28. Which of the following statements is incorrect? a. Forward contracts are contracts typically negotiated with a commercial bank that allow the purchase or sale of a specified amount of a particular foreign currency at a specified exchange rate on a specified future date. b. The forward market is located in New York City. c. Many of the commercial banks that offer foreign exchange on a spot basis also offer forward transactions for the widely traded currencies. d. Forward contracts can hedge a corporation's risk that a currency's value may appreciate over time.

29. If the spot rate of the British pound is $2, and the 180-day forward rate is $2.05, what is the annualized premium or discount? a. 2.5 percent discount b. 2.5 percent premium c. 10 percent premium d. 5 percent discount e. 5 percent premium

30. Currency futures contracts differ from forward contracts in that they a. are an obligation. b. are not an obligation. c. are standardized. d. can specify any amount and maturity date.

31. If the spot rate ____ the exercise price, a currency ____ option would not be exercised. a. remains below; call b. remains below; put c. remains below; put d. A and B

32. The pegged exchange rate system is no longer used by any countries. a. True b. False

33. If a firm planning to hedge receivables is certain of the future direction a spot rate will move, and requires a tailor-made hedge in terms of amount and maturity date, it should use a a. call options contract traded on an exchange. b. futures contract traded on an exchange. c. forward contract. d. put options contract traded on an exchange.

34. Assume that a British pound put option has a premium of $.03 per unit, and an exercise price of $1.60. The present spot rate is $1.61. The expected future spot rate on the expiration date is $1.52. The option will be exercised on this date if at all. What is the expected per unit net gain (or loss) resulting from purchasing the put option? a. $.01 loss b. $.09 loss c. $.09 gain d. $.05 gain

35. The speculative risk of purchasing a ____ is that the foreign currency value ____ over time. a. put option; increases b. put option; decreases c. call option; increases d. futures contract; increases

36. Bank A asks $.555 for Swiss francs and Banks B and C are willing to pay $.557 for francs. An institution could capitalize on these differences by engaging in a. covered interest arbitrage. b. triangular arbitrage. c. locational arbitrage. d. witching hour arbitrage.

37. According to interest rate parity, if the interest rate in a foreign country is ____ than in the home country, the forward rate of the foreign country will have a ____. a. higher; discount b. lower; premium c. higher; premium d. A and B

38. ____ serve as financial intermediaries in the foreign exchange market by buying or selling currencies to accommodate customers. a. Pension funds b. International mutual funds c. Insurance companies d. Commercial banks e. None of the above

39. In the Wall Street Journal, you observe that the British pound (£) is quoted for $1.65. The Australian dollar (A$) is quoted for $0.60. What is the value of the Australian dollar in British pounds? a. A$2.75 b. A$0.36 c. £2.75 d. £0.36 e. none of the above