Question & Answer

Define legal–political risk and give an example of how it can affect an international corporation.

What are integral fasteners?

As you move down a straight-line demand curve, what happens to elasticity? Why?

Identify the factors affecting the premium paid on a put option. Describe how each factor affects the size of the premium. (LO2)

Calculation of indirect cost rates Wright Medical Centre has identified the following activities and cost drivers for the coming financial year.     Required Calculate the activity cost rate for each activity.

What is pocket milling?

Flexible budget and variances Black Industries has a static budget based on production and sales of 24 000 units. Sales revenue is expected to be $96 000, variable costs $36 000 and fixed costs $32 000. Actual production and sales were 30 000 units with a profit of $50 000.   Required (a) Calculate the amount of profit in the flexible budget. (b) Calculate the overall variance between the flexible budget and actual results.

1.       : List some possible advantages and disadvantages of using artificial intelligence for managerial decision making.

The common stock of Alexander Hamilton Inc. is currently selling at $120 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Nine million shares are issued and outstanding. Instructions Prepare the necessary journal entries assuming the following. (a) The board votes a 2-for-1 stock split. (b) The board votes a 100% stock dividend. (c) Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding.

The assets of Fonzarelli Corporation are presented below (000s omitted).   Instructions Indicate the deficiencies, if any, in the foregoing presentation of Fonzarelli Corporation’s assets.

A cylindrical billet that is 100 mm long and 50 mm in diameter is reduced by indirect (backward) extrusion to a 20 mm diameter. The die angle is 90°. The Johnson equation has a = 0.8 and b = 1.4, and the flow curve for the work metal has a strength coefficient of 800 MPa and strain hardening exponent of 0.13. Determine (a) extrusion ratio, (b) true strain (homogeneous deformation), (c) extrusion strain, (d) ram pressure, and (e) ram force.

Identify the four different types of responsibility centres and explain the general objectives of each.

List the preforming operations discussed in the forming video.

Which casting process is the most important commercially?

What is precision in measurement?

How did the creation of money market deposit accounts influence the overall cost of funds for a savings institution? (LO2)

What impact has the SEC’s Regulation Fair Disclosure (FD) had on securities firms? (LO2)

Describe the melting characteristics of a noncrystalline material such as glass.

How would you set about assessing whether or not a country had made a net dynamic gain by joining a customs union? What sort of evidence would you look for?

What kinds of products are produced by blow molding?

Name some of the important chemical cleaning methods.

What is the connection between the concepts of 'hysteresis’ and ‘propagation mechanisms’?

What are unemployment taxes?

Myers Company provides you with the following condensed balance sheet information. Assets Liabilities and Stockholders’ Equity Current assets $ 40,000 Current and long-term liabilities $100,000 Equity investments (trading) 60,000 Stockholders’ equity Equipment (net) 250,000 Common stock ($5 par) $ 20,000 Intangibles 60,000 Paid-in capital in excess of par 110,000 Total assets $410,000 Retained earnings 180,000 310,000 Total liabilities and stockholders’ equity $410,000 Instructions For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders’ equity. (Each situation is independent.) (a) Myers declares and pays a $0.50 per share cash dividend. (b) Myers declares and issues a 10% stock dividend when the market price of the stock is $14 per share. (c) Myers declares and issues a 30% stock dividend when the market price of the stock is $15 per share. (d) Myers declares and distributes a property dividend. Myers gives one share of its equity investment (ABC stock) for every two shares of Myers Company stock held. Myers owns 10,000 shares of ABC. ABC is selling for $10 per share on the date the property dividend is declared. (e) Myers declares a 2-for-1 stock split and issues new shares.

A connecting rod is designed to be hot forged in an impression die. The projected area of the part is 6,500 mm2 . The design of the die will cause flash to form during forging, so that the area, including flash, will be 9,000 mm2 . The part geometry is considered to be complex. As heated the work material yields at 75 MPa, and has no tendency to strain harden. Determine the maximum force required to perform the operation.