Question & Answer

Fill in the missing figures in the Table 6.3. (Note that the figures for MC come in the spaces between each level of output.)

three factors that determine whether a taxpayer is required to file a tax return.

What is the meaning of an initial return for an IPO? (LO3)

There are 14 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 15.1 Which one of the following is the most common polymer type in fiber-reinforced polymer composites: (a) elastomers, (b) thermoplastics, or (c) thermosets? 15.2 Most rubber products are properly classified into which of the following categories (three best answers): (a) elastomer reinforced with carbon black, (b) fiber-reinforced composite, (c) particle-reinforced composite, (d) polymer matrix composite, (e) pure elastomer, and (f) pure polymer? 15.3 Other names for open mold processes include which of the following (two best answers): (a) compression molding, (b) contact lamination, (c) contact molding, (d) filament winding, (e) matched die molding, (f) preform molding, and (g) pultrusion? 15.4 Hand lay-up is classified in which of the following general categories of PMC shaping processes (two best answers): (a) closed mold process, (b) compression molding, (c) contact molding, (d) filament winding, or (e) open mold process? 15.5 A positive mold with a smooth surface will produce a good finish on which surface of the laminated product in the hand lay-up method: (a) inside surface or (b) outside surface? 15.6 A molding operation that uses sheet-molding compound (SMC) is a form of which one of the following: (a) compression molding, (b) contact molding, (c) injection molding, (d) open mold processing, (e) pultrusion, or (f) transfer molding? 15.7 Filament winding involves the use of which one of the following fiber reinforcements: (a) continuous filaments, (b) fabrics, (c) mats, (d) prepregs, (e) short fibers, or (f) woven rovings? 15.8 In filament winding, when the continuous filament is wound around the cylindrical mandrel at a helix angle close to 90°, it is called which of the following (one best answer): (a) bi-axial winding, (b) helical winding, (c) hoop winding, (d) perpendicular winding, (e) polar winding, or (f) radial winding? 15.9 Pultrusion is most similar to which one of the following plastic shaping processes: (a) blow-molding, (b) extrusion, (c) injection molding, or (d) thermoforming? 15.10 Water jet cutting is one of several ways of cutting or trimming uncured or cured FRPs; in the case of cured FRPs, the process is noted for its reduction of dust and noise: (a) true or (b) false?

Clancey Inc. issues $2,000,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. What amount will Clancey receive when it issues the bonds?

It is possible that as people get richer they will spend a smaller and smaller fraction of each rise in income (and save a larger fraction). Why might this be so? What effect will it have on the shape of the consumption function?

Independence Corporation needs to replace some of the assets used in its trade or business and is contemplating the following exchanges:   Exchange Asset Given Up by Independence Asset Received by Independence A Office building in Chicago, IL Piece of land in Toronto, Canada B Large warehouse on 2 acres Small warehouse on 22 acres C Office building in Green Bay, WI, used in the business Apartment complex in Newport Beach, CA, that will be held as an investment

If the vertical scale for Figure A1.2 ran from 0 to 5 million, how would this alter your impression of the degree to which unemployment had changed?

Presented below is information related to Langston Hughes Corporation. Price Index LIFO Cost Retail Inventory on December 31, 2014, when dollar-value LIFO is adopted 100 $36,000 $ 74,500 Inventory, December 31, 2015 110 ? 100,100 Instructions Compute the ending inventory under the dollar-value LIFO method at December 31, 2015. The cost-toretail ratio for 2015 was 60%.

Draw up a similar table to Table 24.3, only this time assume that the figures are: LDC 6 wheat or 2 cloth; DC 8 wheat or 20 cloth. What are the opportunity cost ratios now?

The following summarized information relates to the installmentsales activity of Phillips Stores, Inc. for the year 2014. Installment sales during 2014 $500,000 Cost of goods sold on installment basis 350,000 Collections from customers 180,000 Unpaid balances on merchandise repossessed 24,000 Estimated value of merchandise repossessed 11,200 Instructions (a) Prepare journal entries at the end of 2014 to record on the books of Phillips Stores, Inc. the summarized data above. (b) Prepare the entry to record the gross profit realized during 2014.

How do you think accounting irregularities affect the pricing of corporate stock in general? From an investor’s viewpoint, how do you think the information used to price stocks changes in response to accounting irregularities? (LO6)

What is working capital? How does working capital relate to the operating cycle?

Many years ago a famous member of Congress proposed eliminating federal income tax withholding.  What criterion for evaluating tax systems did this proposal violate?  What would likely have been the result of eliminating withholding?

Why are fillers added to a polymer?

Koch Corporation is in the process of preparing its annual financial statements for the fiscal year ended April 30, 2015. Because all of Koch’s shares are traded intrastate, the company does not have to file any reports with the Securities and Exchange Commission. The company manufactures plastic, glass, and paper containers for sale to food and drink manufacturers and distributors. Koch Corporation maintains separate control accounts for its raw materials, work in process, and finished goods inventories for each of the three types of containers. The inventories are valued at the lowerof- cost-or-market. The company’s property, plant, and equipment are classified in the following major categories: land, office buildings, furniture and fixtures, manufacturing facilities, manufacturing equipment, and leasehold improvements. All fixed assets are carried at cost. The depreciation methods employed depend on the type of asset (its classification) and when it was acquired. Koch Corporation plans to present the inventory and fixed asset amounts in its April 30, 2015, balance sheet as shown below. Inventories $4,814,200 Property, plant, and equipment (net of depreciation) 6,310,000 Instructions What information regarding inventories and property, plant, and equipment must be disclosed by Koch Corporation in the audited financial statements issued to stockholders, either in the body or the notes, for the 2014–2015 fiscal year?

Explain how breakeven point would be affected under both absorption and variable costing.

Explain why some hedge funds failed as a result of the credit crisis of 2008–2009. (LO4)

Boilermaker Inc. reported taxable income of $500,000 this year and paid federal income taxes of $105,000. Not included in the company’s computation of taxable income is tax-exempt income of $20,000, disallowed meals and entertainment expenses of $30,000, and disallowed expenses related to the tax-exempt income of $1,000.  Boilermaker deducted depreciation of $100,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $60,000.  Compute Boilermaker’s current E&P.

Why is the Normal statistical table used in a Six Sigma program different from the standard normal tables found in textbooks on probability and statistics?

What is a photoresist?

In the iron-iron carbide phase diagram of Figure 6.4, identify the phase or phases present at the following temperatures and nominal compositions: (a) 650°C (1200°F) and 2% Fe3C, (b) 760°C (1400°F) and 2% Fe3C, and (c) 1095°C (2000°F) and 1% Fe3C.

A 12-inch diameter silicon wafer has a processable area that is circular with a diameter = 11.4 in. The IC chips that will be fabricated on the wafer surface are square with 0.75 in on a side, including an allowance for subsequent chip separation. However, the processable area on each chip is only 0.60 in by 0.60 in. The density of circuits within each chip’s processable area is 100,000 circuits per square inch. (a) How many IC chips can be placed onto the wafer? (b) Using Rent’s Rule with C = 3.8 and m = 0.43, how many input/output terminals (pins) will be needed for each chip package?

A 250 mm diameter silicon wafer has a processable area that is circular with a diameter = 225 mm. The IC chips that will be fabricated on the wafer surface are square with 20 mm on a side. However, the processable area on each chip is only 18 mm by 18 mm. The density of circuits within each chip’s processable area is 465 circuits per mm2. (a) How many IC chips can be placed onto the wafer? (b) Using Rent’s Rule with C = 4.5 and m = 0.35, how many input/output terminals (pins) will be needed for each chip package?

A cylindrical riser is to be used for a sand-casting mold. For a given cylinder volume, determine the diameter-to-length ratio that will maximize the time to solidify.