Question & Answer

What is the difference between a tax deduction and a tax credit? Is one more beneficial than the other? Explain.

What implications would a vertical short-run aggregate supply curve have for the effects of demand management policy?

A p chart is to be constructed. Six samples of 25 parts each have been collected, and the average number of defects per sample was 2.75. Determine the center, LCL and UCL for the p chart.

Use the information for Hanson Company from BE10-2 and BE10-3. Compute avoidable interest for Hanson Company.

A 3.5 in diameter through hole is to be cut in a block of pure iron (Valence = 2) by electrochemical machining. The block is 2.0 in thick. To speed the cutting process, the electrode tool will have a center hole of 3.0 in which will produce a center core that can be removed after the tool breaks through. The outside diameter of the electrode is undersized to allow for overcut. The overcut is expected to be 0.005 in on a side. If the efficiency of the ECM operation is 90%, what current will be required to complete the cutting operation in 20 minutes?

Determine the value of the strain-hardening exponent for a metal that will cause the average flow stress to be 3/4 of the final flow stress after deformation

Campbell’s tax return was audited because they failed to report on their tax return interest they earned.  What IRS audit selection method identified their tax return?

Describe the order in which different types of tax credits are applied to reduce a taxpayer’s tax liability.

What disclosures should be made by lessees and lessors related to future lease payments?

What is the difference between a pattern and a core in sand molding?

1.   Talk to the manufacturing vice president and emphasize the responsibility that Petro-Tech has as an industry leader to set an example. Present her with a recommendation that Petro-Tech participate in voluntary pollution reduction as a marketing tool and as a way to position itself as the environmentally friendly choice.

Relative to arm’s-length transactions, why do related-party transactions receive more IRS scrutiny?

1. Give other examples of each of the four types of externality. 2. Redraw Figure 12.4, only this time assume there is only one producer, which is thus a monopoly. How does the existence of power affect the relationship between the private and the social optimum positions? 3. Redraw Figure 12.4, only this time assume that at low levels of production the good generates no external costs. Only once a certain outcome is reached (Qx) does the production of additional units generate rising external costs.

A direct extrusion operation produces the cross section shown in Figure P19.32(a) from a brass billet whose diameter = 125 mm and length = 350 mm. The flow curve parameters of the brass are K = 700 MPa and n = 0.35. In the Johnson strain equation, a = 0.7 and b = 1.4. Determine (a) the extrusion ratio, (b) the shape factor, (c) the force required to drive the ram forward during extrusion at the point in the process when the billet length remaining in the container = 300 mm, and (d) the length of the extruded section at the end of the operation if the volume of the butt left in the container is 600,000 mm3 .

What is the purpose of using a coolant in the grinding process?

Describe the process of “borrowing at the Federal Reserve.” What rate is charged, and who sets it? Why do banks commonly borrow in the federal funds market rather than through the Federal Reserve? (LO2)

What is a machining center?

The frontal working area of the electrode in an ECM operation is 2000 mm2. The applied current = 1800 amps and the voltage = 12 volts. The material being cut is nickel (valence = 2), whose specific removal rate is given in Table 26.1. (a) If the process is 90% efficient, determine the rate of metal removal in mm3/min. (b) If the resistivity of the electrolyte = 140 ohm-mm, determine the working gap.

What are the mechanics whereby the central bank raises the rate of interest?

What are two other names for ram type EDMs?

The following article appeared in the Wall Street Journal. Bond Markets Giant Commonwealth Edison Issue Hits Resale Market With $70 Million Left Over new york—Commonwealth Edison Co.’s slow-selling new 9¼% bonds were tossed onto the resale market at a reduced price with about $70 million still available from the $200 million offered Thursday, dealers said. The Chicago utility’s bonds, rated double-A by Moody’s and double-A-minus by Standard & Poor’s, originally had been priced at 99.803, to yield 9.3% in 5 years. They were marked down yesterday the equivalent of about $5.50 for each $1,000 face amount, to about 99.25, where their yield jumped to 9.45%. Instructions (a) How will the development above affect the accounting for Commonwealth Edison’s bond issue? (b) Provide several possible explanations for the markdown and the slow sale of Commonwealth Edison’s bonds.

Cross-linking (curing) of thermosetting plastics is accomplished by one of three ways. Name the three ways

Assume the same information as in IFRS17-12 except that Roosevelt has an active trading strategy for these bonds. The fair value of the bonds at December 31 of each year-end is as follows. 2014 $534,200 2017 $517,000 2015 $515,000 2018 $500,000 2016 $513,000 Instructions (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest received and recognition of fair value for 2014. (c) Prepare the journal entry to record the recognition of fair value for 2015.

What are the disadvantages and drawbacks of soldering?

Roley Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. On July 1, Roley purchased $60,000 of inventory, terms 2/10, n/30, FOB shipping point. Roley paid freight costs of $1,200. On July 3, Roley returned damaged goods and received credit of $6,000. On July 10, Roley paid for the goods. Prepare all necessary journal entries for Roley.