Question & Answer

Define and sketch a groove weld.

Glass is classified as a ceramic material; yet glass is different from the traditional and new ceramics. What is the difference?

Name some products that are produced by extrusion.

Determine whether a taxpayer who is claimed as a dependent on another return is entitled to an addition to the standard deduction for age or blindness. (Hint: Read the calculation of the standard deduction under §63.)

What is the blown-film process for producing film stock?

Quality of decisions Maria and Tracey became good friends while working at the same entity. Two years ago, they both decided to increase their savings so that they could eventually purchase homes. Each began by putting a portion of each month's salary into a savings account. At the end of the first year, they had each accumulated $4000. Because their savings accounts paid a very small interest rate, they decided to invest the savings to earn a higher rate of return. Maria and Tracey both hoped to save enough money to buy homes within five years.   Maria decided to take an investment course offered through the entity. The course taught her about different types of investments and strategies for investing. She then purchased and read an investment book to learn more. Maria learned that some investments are riskier than others, and that investors must balance risk against desired return. Higher risk leads to higher returns on average; but, higher risk could also lead to low returns or even loss. She also learned that investment advisers recommend diversifying risky investments. One way to diversify is to invest in mutual funds, which invest in many different organisations. Maria decided that she was willing to assume some risk, but was not comfortable with a high level. She decided to invest her $4,000 in a share market mutual fund. She read consumer reports to learn about different mutual funds, and selected a fund that invests conservatively in fairly stable companies. However, the share market did not do well in the first year. The value of her mutual fund at the end of a year was $4050.   Tracey talked with her boyfriend and other friends about how they invest. Her boyfriend’s cousin recommended investing in a start-up company that sells video games. He told her that the games were very popular with teenagers and that the company would probably be acquired, resulting in big gains for investors. This opportunity sounded good to Tracey, so she decided to invest her entire $4000 in the company’s shares. After 10 months, she was excited to learn that the company was being acquired. She received shares in the acquiring company in exchange for her original shares. At the end of the year, the market value of her shares was $8200.   Required Evaluate the quality of the investment decisions made by Maria and Tracey. Hint: Refer to figure 1.3 (on page 18). (a)          List the information used by Maria in making her investment decision. (b)          List the information used by Tracey in making her investment decision. (c)           Did Maria appear to use high-quality information? Explain. (d)          Did Tracey appear to use high-quality information? Explain. (e)           Describe Maria’s decision-making process. What did she do to explore her options? Did she appear to be biased? What were her priorities? How did she reach a conclusion? (f)           Describe Tracey’s decision-making process. What did she do to explore her options? Did she appear to be biased? What were her priorities? How did she reach a conclusion? (g)          Did Maria appear to use a high-quality decision-making process? Explain. (h)          Did Tracey appear to use a high-quality decision-making process? Explain. (i)            Given your analyses of the information and decision-making processes used by Maria and Tracey, which investor made a higher-quality decision? Explain.

Geri has a certificate of deposit at the local bank. The interest on this certificate was credited to their account on December 31 of last year but they didn’t withdraw the interest until January of this year. When is the interest income taxed?

What is wire drawing and bar drawing?

What is meant by ‘the poverty trap’? What design of benefit system would offer the best solution to the problem of the poverty trap?

How does the above argument about firms’ responses to a rise in demand relate to the shape of their marginal cost curves?

Charity Property Cost FMV Athens Academy School Cash $ 5,000 $5,000 United Way Cash 4,000 4,000 American Heart Association Antique painting 15,000 75,000 First Methodist Church Coca Cola stock 12,000 20,000 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990.

An RSW operation is used to join two pieces of sheet steel having a unit melting energy of 130 Btu/in3. The sheet steel has a thickness of 1/8 in. The weld duration will be set at 0.25 sec with a current of 11,000 amp. Based on the electrode diameter, the weld nugget will have a diameter of 0.30 in. Experience has shown that 40% of the supplied heat melts the nugget and the rest is dissipated by the metal. If the electrical resistance between the surfaces is 130 micro-ohms, what is the thickness of the weld nugget assuming it has a uniform thickness?

Assume the following conditions. The last time the FOMC met, it decided to raise interest rates. At that time economic growth was very strong, so inflation was relatively high. Since the last meeting, economic growth has weakened, and the unemployment rate will likely rise by 1 percentage point over the quarter. The FOMC’s next meeting is tomorrow. Do you think the FOMC will revise its targeted federal funds rate? If so, how? (LO4)

What would be the amount paid out in Figure 3.14 if instead of the government buying the surpluses, export subsidies were given to farmers so as to guarantee them a price (plus subsidy) of Pmin?

Explain why gains from depreciable property sold to a related taxpayer are treated as ordinary income under §1239.

Jimmy has fallen on hard times recently.  Last year he borrowed $250,000 and added an additional $50,000 of his own funds to purchase $300,000 of undeveloped real estate.  This year the value of the real estate dropped dramatically and Jimmy’s lender agreed to reduce the loan amount to $230,000.  For each of the following independent situations, indicate the amount Jimmy must include in gross income and explain your answer: a.       The real estate is worth $175,000 and Jimmy has no other assets or liabilities. b.       The real estate is worth $235,000 and Jimmy has no other assets or liabilities. c.       The real estate is worth $200,000 and Jimmy has $45,000 in other assets but no other liabilities.

1.      :  What does nice mean to you? Is being considered nice a good trait for managers to have or is it the kiss of death?

1.       : How would you apply systems thinking to a problem such as poor performance in your current academic studies? What about a problem with a romantic partner or family member? For each situation, try to identify all the elements and their interdependencies.

There are 20 correct answers in the following multiple choice questions (some questions have multiple answers that are correct). To attain a perfect score on the quiz, all correct answers must be given. Each correct answer is worth 1 point. Each omitted answer or wrong answer reduces the score by 1 point, and each additional answer beyond the correct number of answers reduces the score by 1 point. Percentage score on the quiz is based on the total number of correct answers. 6.1 Which of the following properties or characteristics are inconsistent with the metals (two correct answers): (a) good thermal conductivity, (b) high strength, (c) high electrical resistivity, (d) high stiffness, and (e) ionic bonding? 6.2 Which one of the metallic elements is the most abundant on the earth: (a) aluminum, (b) copper, (c) iron, (d) magnesium, or (e) silicon? 6.3 The predominant phase in the iron-carbon alloy system for a composition with 99% Fe at room temperature is which one of the following: (a) austenite, (b) cementite, (c) delta, (d) ferrite, or (e) gamma? 6.4 A steel with 1.0% carbon is known as which one of the following: (a) eutectoid, (b) hypoeutectoid, (c) hypereutectoid, or (d) wrought iron? 6.5 The strength and hardness of steel increases as carbon content (a) increases or (b) decreases? 6.6 Plain carbon steels are designated in the AISI code system by which of the following: (a) 01XX, (b) 10XX, (c) 11XX, (d) 12XX, or (e) 30XX? 6.7 Which one of the following elements is the most important alloying ingredient in steel: (a) carbon, (b) chromium, (c) nickel, (d) molybdenum, or (e) vanadium? 6.8 Which one of the following is not a common alloying ingredient in steel: (a) chromium, (b) manganese, (c) nickel, (d) vanadium, (e) zinc? 6.9 Solid solution alloying is the principal strengthening mechanism in high-strength low-alloy (HSLA) steels: (a) true or (b) false? 6.10 Which of the following alloying elements are most commonly associated with stainless steel (two best answers): (a) chromium, (b) manganese, (c) molybdenum, (d) nickel, and (e) tungsten? 6.11 Which of the following is the most important cast iron commercially: (a) ductile cast iron, (b) gray cast iron, (c) malleable iron, or (d) white cast iron? 6.12 Which one of the following metals has the lowest density: (a) aluminum, (b) magnesium, (c) tin, or (d) titanium.? 6.13 Which of the following metals has the highest density: (a) gold, (b) lead, (c) platinum, (d) silver, or (e) tun gsten? 6.14 From which of the following ores is aluminum derived: (a) alumina, (b) bauxite, (c) cementite, (d) hematite, or (e) scheelite? 6.15 Which of the following metals is noted for its good electrical conductivity (one best answer): (a) copper, (b) gold, (c) iron, (d) nickel, or (e) tungsten? 6.16 Traditional brass is an alloy of which of the following metallic elements (two correct answers): (a) aluminum, (b) copper, (c) gold, (d) tin, and (e) zinc? 6.17 Which one of the following metals has the lowest melting point: (a) aluminum, (b) lead, (c) magnesium, (d) tin, or (e) zinc?

Within the area where you live, work, or attend school, name three businesses that would likely use job costing.

For the preceding problem, use the inverse lever rule to determine the proportions of liquid and solid phases present in the alloy.

For the preceding problem, use the inverse lever rule to determine the proportions of liquid and solid phases present in the alloy.

Ford Motor Co. is considering alternate methods of accounting for the cash discounts it takes when paying suppliers promptly. One method suggested was to report these discounts as financial income when payments are made. Comment on the propriety of this approach.

Suppose you asked your favorite AI query tool the following question: “In 2024, Josie is age 14, has $5,000 of interest income and no earned income. How much is Josie's standard deduction for federal income tax purposes?”  The AI tool provided the following response:   For the tax year 2024, the standard deduction amount for a dependent child like Josie with only unearned income (such as interest income) and no earned income is generally limited to the greater of: 1. $1,200, or 2. Her earned income plus $350 (but not more than the regular standard deduction amount). Since Josie has no earned income in 2024, we would consider the first option: Josie's standard deduction = $1,200 Therefore, Josie's standard deduction for federal income tax purposes in 2024 would be $1,200. Please note that tax laws and figures can change from year to year, so it's essential to refer to the most up-to-date IRS guidelines and tax tables for the specific tax year in question.   Is the AI response correct? Explain.

Dennis contributed business assets to a new business in exchange for stock in the company. The exchange did not qualify as a tax-deferred exchange. The fair market value of these assets was $287,000 on the contribution date. Dennis’s original basis in the assets he contributed was $143,000, and the accumulated depreciation on the assets was $78,000. a. What is the business’s basis in the assets it received from Dennis?  b. What would be the business’s basis if the transaction qualified as a tax-deferred exchange?