Question & Answer

Which is preferable: general subsidies for public transport, or cheap fare policies for specific groups (such as children, students and pensioners)?

Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the following balances relate to this plan. Plan assets $480,000 Projected benefi t obligation 600,000  Pension asset/liability 120,000 Accumulated OCI (PSC) 100,000 Dr. As a result of the operation of the plan during 2014, the following additional data are provided by theactuary. Service cost $90,000 Settlement rate, 9% Actual return on plan assets 55,000 Amortization of prior service cost 19,000 Expected return on plan assets 52,000 Unexpected loss from change in projected benefi t obligation, due to change in actuarial predictions 76,000 Contributions 99,000 Benefi ts paid retirees 85,000 Instructions (a) Using the data above, compute pension expense for Webb Corp. for the year 2014 by preparing a pension worksheet. (b) Prepare the journal entry for pension expense for 2014.

What is the purpose of a cash flow hedge?

What are some of the possible defects in drawn sheet-metal parts?

There are 19 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. 16.1 The particle size that can pass through a screen is obtained by taking the reciprocal of the mesh count of the screen: (a) true or (b) false? 16.2 For a given weight of metallic powders, the total surface area of the powders is increased by which of the following (two best answers): (a) larger particle size, (b) smaller particle size, (c) higher shape factor, and (d) smaller shape factor? 16.3 As particle size increases, interparticle friction (a) decreases, (b) increases, or (c) remains the same? 16.4 Which of the following powder shapes would tend to have the lowest interparticle friction: (a) acicular, (b) cubic, (c) flakey, (d) spherical, and (e) rounded? 16.5 Which of the following statements is correct in the context of metallic powders (three correct answers): (a) porosity + packing factor = 1.0, (b) packing factor = 1/porosity, (c) packing factor = 1.0 - porosity, (d) packing factor = - porosity, (e) packing factor = bulk density/true density? 16.6 Repressing refers to a pressworking operation used to compress a sintered part in a closed die to achieve closer sizing and better surface finish: (a) true or (b) false? 16.7 Impregnation refers to which of the following (two best answers): (a) filling the pores of the PM part with a molten metal, (b) putting polymers into the pores of a PM part, (c) soaking oil by capillary action into the pores of a PM part, and (d) something that should not happen in a factory? 16.8 In cold isostatic pressing, the mold is most typically made of which one of the following: (a) rubber, (b) sheetmetal, (c) textile, (d) thermosetting polymer, or (e) tool steel? 16.9 Which of the following processes combines pressing and sintering of the metal powders (three best answers): (a) hot isostatic pressing, (b) hot pressing, (c) metal injection molding, (d) pressing and sintering, and (e) spark sintering? 16.10 Which of the following design features would be difficult or impossible to achieve by conventional pressing and sintering (three best answers): (a) outside rounded corners, (b) side holes, (c) threaded holes, (d) vertical stepped holes, and (e) vertical wall thickness of 1/8 inch (3 mm)?

What is torque-turn tightening?

Clem is married and is a skilled carpenter. Clem’s wife, Wanda, works part-time as a substitute elementary school teacher. Determine the amount of Clem’s expenses that are deductible for AGI this year (if any) under the following independent circumstances:

Define the term manufacturing system.

In Figure 24.6, which countries’ terms of trade improved in the 2000s?

The adjusted trial balance of Eastwood Company and other related information for the year 2014 are presented as follows.   Additional information: 1. The LIFO method of inventory value is used. 2. The cost and fair value of the long-term investments that consist of stocks and bonds is the same. 3. The amount of the Construction in Progress account represents the costs expended to date on a building in the process of construction. (The company rents factory space at the present time.) The land on which the building is being constructed cost $85,000, as shown in the trial balance. 4. The patents were purchased by the company at a cost of $40,000 and are being amortized on a straight-line basis. 5. Of the discount on bonds payable, $2,000 will be amortized in 2015. 6. The notes payable represent bank loans that are secured by long-term investments carried at $120,000. These bank loans are due in 2015. 7. The bonds payable bear interest at 8% payable every December 31, and are due January 1, 2025. 8. 600,000 shares of common stock of a par value of $1 were authorized, of which 500,000 shares were issued and outstanding. Instructions Prepare a balance sheet as of December 31, 2014, so that all important information is fully disclosed.

Which elements are the noble metals?

What are the basic differences between civil and criminal tax penalties?

What does the term anisotropic mean?

The payroll of YellowCard Company for September 2013 is as follows. Total payroll was $480,000, of which $110,000 is exempt from Social Security tax because it represented amounts paid in excess of $113,700 to certain employees. The amount paid to employees in excess of $7,000 was $400,000. Income taxes in the amount of $80,000 were withheld, as was $9,000 in union dues. The state unemployment tax is 3.5%, but YellowCard Company is allowed a credit of 2.3% by the state for its unemployment experience. Also, assume that the current FICA tax is 7.65% on an employee’s wages to $113,700 and 1.45% in excess of $113,700. No employee for YellowCard makes more than $125,000. The federal unemployment tax rate is 0.8% after state credit. Instructions Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.

A portion of the combined statement of income and retained earnings of Seminole Inc. for the current year follows. Income before extraordinary item $15,000,000 Extraordinary loss, net of applicable income tax (Note 1) 1,340,000 Net income 13,660,000 Retained earnings at the beginning of the year 83,250,000 96,910,000 Dividends declared: On preferred stock—$6.00 per share $ 300,000 On common stock—$1.75 per share 14,875,000 15,175,000 Retained earnings at the end of the year $81,735,000 Note 1. During the year, Seminole Inc. suffered a major casualty loss of $1,340,000 after applicable income tax reduction of $1,200,000. At the end of the current year, Seminole Inc. has outstanding 8,500,000 shares of $10 par common stock and 50,000 shares of 6% preferred. On April 1 of the current year, Seminole Inc. issued 1,000,000 shares of common stock for $32 per share to help finance the casualty. Instructions Compute the earnings per share on common stock for the current year as it should be reported to stockholders.

What is an integrated circuit?

1. What determines the slope of the E function? 2. How does the slope of the E function affect the size of the multiplier? (Try drawing diagrams with E functions of different slopes and see what happens when they shift.)

What are some design recommendations for ceramic parts?

Define what an electrical arc is.

According to the injection molding video, what is the most common type of injection molding machine used in industry?

Carow Corporation purchased, as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison, Inc. for $65,118, which provides a 6% return. The bonds pay interest semiannually. Prepare Carow’s journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used.

In Figures 2.21 and 2.22, the initial change in price was caused by a shift in the demand curve. Redraw these two diagrams to illustrate the situation where the initial change in price was caused by a shift in the supply curve (as would be the case in the wheat market that we have just considered).

What is flash in die casting?

Harris Corp. is a technology start-up and is in its second year of operations. The company didn’t purchase any assets this year but purchased the following assets in 2023:

Using the IS/MP framework illustrate how the financial accelerator affects the extent of the rise in output following a positive demand-side shock.