1.) Suppose, that the elasticity of demand for soda is -0.8 and the elasticity of supply is 1.0. If so, would the tax fall more strongly on sellers or on buyers? 2) Setting self-interest to one side, what is your opinion regarding the effects of a soda tax on other people? Do you side with those who think the government should use taxes to nudge […]
(TCO H) Mike audits the financial statements of a small business. During the course of his audit, he notices that all five members of top management have purchased new BMWs. Given that each manager’s salary is less than $100,000 per year, Mike becomes suspicious about how all five of them were able to buy such expensive automobiles. He decides to double-check the bank statements for the […]
Question:Based on Peter Weill article : The strengths, weakness and rotatable features of the article? Mention logical argument and sufficient details. 3) Provide a critical discussion of the key issues raised in the article. Attachment 1 Attachment 2 Attachment 3 Attachment 4 Attachment 5 Attachment 6 Attachment 7 Attachment 8 Attachment 9 Attachment 10 Attachment 11 Attachment 12 Attachment 13 Attachment 14 Attachment 15 Attachment […]
The following accounts were taken from the unadjusted trial balance of Washington Co., a congressional lobbying firm. Indicate whether or not each account would normally require an adjusting entry. If the account normally requires an adjusting entry, use the following notation to indicate the type of adjustment: AE—Accrued Expense AR—Accrued Revenue PE—Prepaid Expense UR—Unearned Revenue To illustrate, the answer for the first account is shown […]
Companies increasingly use non-financial measures to supplement financial measures of performance. One of the most important areas of non-financial performance is customer service. The last decade has brought an increased focus on the customer, and this focus is reflected in many companies’ management control systems, where companies use “customer-value metrics.” That is, they develop measures that monitor how well the company is meeting its customers’ […]
3-C This portion of the continuous problem continues the General Fund and special revenue fund examples by requiring the recording and posting of the budgetary entries. To reduce clerical effort required for the solution use control accounts for the budgetary accounts, revenues, expenditures and encumbrances. Subsidiary accounts are not required. Budget information for the City includes: a) As of January 1, 2015 the city council […]
1. How does collateral affect the interest rate on a bond? How does subordination affect the interest rate on a bond too? What else might affect the interest rate on a bond? 2. What is Chapter 7 liquidation and Chapter 11 reorganization? When should each be used? Please choose one company that has gone through either type of bankruptcy proceeding and describe the circumstances leading […]
A. Suppose we know the standard deviation of the population is 3.7. We have a sample size of 625. We also have a sample mean of 46. We also have a population mean of 43. We want to test the hypothesis for the sample mean with 78% confidence level and do a two-tailed test on the hypothesis. State the null and alternate hypothesis for the […]
4. Which of the following statements is correct? (Points : 1) In general, the NPVs of riskier cash flows should be found using relatively high discount rates. However, if a cash flow is negative, it should be evaluated using a low discount rate.If a project has only costs (no revenues) as would certain environmental projects, then the project is likely to have two regular IRRs.If […]
3. (TCOs 1, 2, and 4) You currently volunteer at the local community center and have been asked to assist in the coordination of a fundraiser art show auction to benefit the center. You have been tasked with developing a spreadsheet to track the attendees and to calculate the associated cost. Each donor is allowed to bring one guest to the art show. There is […]
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