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The total variable cost of unit 3 is $165.00 while that of unit 6 is $522.50;The average total cost of unit 5 is $99.00, while the average variable cost of unit 4 is $55.00; The total cost of unit 1 i
A securities analyst claims that, given a specific list of 6 common stocks, it is possible to predict, in the correct order, the 3 that wil perform best during the coming year. What is the probability
Colleges and universities frequently get graduating seniors to donate money to them. A very common practice is to divide this money up over a number of years
Investment tax credit (assume no investment tax credit carryforward problem): All of the cash benefits in the form of lower taxes are received in the year of asset acquisition. The enterprise may reco
Two members of the FASB voted against the standard. They wanted the three types of securities to be carried at market value and unrealized gains and losses of the three “types” to go throu
Refer to either a current intermediate accounting text or a guide to current “generally accepted accounting principles.” Give at least one example for each of the four cells of Exhibit 9-1
Firm A and B are exactly the same size as are Firm C and Firm D. Firm A acquires for cash 100 percent of the common stock of Firm C. Firm B acquires 100 percent of Firm D by exchanging one share of it
What are the possible benefits of a disclosure process that is integrated with major policies in marketing, production, and finance? Do you think only “good news” items should be disclosed
An argument against additional disclosure is that financial analysts aggressively seek this information, which is then sold to their customers, resulting in an adequate market solution to the problem
Effect regards a lease period of 75 percent or more as a relevant circumstance in distinguishing between capital and operating leases. What economic factors (cash flow differentials) lie behind this p
If uniformity means eliminating alternative accounting treatments, then surely comparability of financial statements of different enterprises would be improved. Do you agree with this statement? Comme
Circumstances are a condition or set of conditions that develop from an event or series of events, which may occur almost imperceptibly and may converge in random or unexpected ways to create situatio
This ASR appeared shortly after the passage of the Foreign Corrupt Practices Act. Do you think this type of disclosure is primarily protective or informative in nature?
If the firm has not paid dividends in the past despite the availability of cash, and the corporate intention is to continue to forgo paying dividends in the foreseeable future, disclosure of this poli
Finite and rigid uniformity would result in different information being received by users of financial statements. What difference would this make in terms of resource allocation when viewed from a ma
Data collected in the imaginary economy of Kharkeez reveals that when the price of a bork increased by 20%, the quantity of bork sold decreased by 30%, and the quantity of perf demanded increase by 15
Is Cadenhead’s conception of circumstantial variables as the only permissible departure from prescribed accounting methods closer to finite or rigid uniformity?
Purchasing Power Parity Theorem (PPPT). The inflation rate in the United States is projected at 3 percent per year. The New Zealand rate is projected to be 5 percent.
Covered Interest Arbitrage. The spot and 360-day forward rates on the Swiss franc are SF 2.1 and SF 1.9, respectively. The risk-free interest rate in the US is 6 percent, and the riskfree rate in Swit
Danny “Dimes” Donahue is a neighborhood’s 9-year old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $1.75 each, he sells 250.
Show how the consumer’s opportunity set changes if income increases by $300. How does the $300 increase in income alter the market rate of substitution between goods X and Y?
Identify at least five locational attributes that are important in the location of a fast-food restaurant. Compare notes with someone in the industry such as a local restaurant manager or owner.
Interest-Rate Parity. If the interest rates on the 30-day instruments in the US and Switzerland are 12 and 10 percent (annualized), respectively, what is the correct price of the 30-day forward SF?
Under the terms of the swap, 6-month LIBOR is exchanged for 12% per annum (compounded semiannually). The average of the bid-offer rate being exchanged for 6-month LIBOR in swaps of all maturities is c
You’ve recently learned that the company where you work is being sold for $275,000. The company’s income statement indicates current profits of $10,000, which have yet to be paid out as di