12\. Which of the following is most likely to occurif the Federal Reserve engages in open market operations to reduce inflation? (A) A decrease in interest rates B) A decrease in reserves in the banking system C) A decrease in the govemment deficit D) An increase in the money supply increase in exports pon
12Brown Protein Powder produces a dietary supplement. The standard cost of producing one unit is: Material (1.30 pounds × $2.30)$2.99 Labor (1.20 hours × $10.00)12.00 Overhead? Standard variable overhead is $8.00 per unit, and fixed annual overhead is $100,800. At the start of 2014, expected production was 25,200 units. During 2014, 30,000 units were produced. The following information, related to actual costs incurred in 2014, is available: 1.Purchased 40,000 pounds of material for $84,400. 2.Used 39,010 pounds of material. 3.Worked 32,455 labor hours costing $371,700. 4.Actual overhead incurred was $325,600. Compute the standard overhead rate per unit. (Round answer to 2 decimal places, e.g. 15.25.)
Common transactions affecting stockholders equity accounts
13-35 LO 1 Identify common transactions affecting stockholders’ equity accounts.
13-39Identify fraud risks associated with debt obligations.
13-45 LO 6 What type of audit approach is typically planned for debt obligations? Why is this most often the most appropriate approach?
13-51 Review the _Auditing in Practice_ feature “SEC Focus on Debt Presentation and Disclosure” and identify potential audit problems related to presentation and disclosure of debt.
14-62 Each of the following is an independent situation related to a contingency. Describe what the auditor should do in each case.
a. The lawyer refused to furnish the requested information.
b. The lawyer was unable to form an opinion on the probability or amount of a pending lawsuit, but the auditor believes that the amount could be material.
c. The client stated that it had not consulted lawyers during the
What are the inherent limitations in an auditor’s ability to detect material misstatements relating to the client’s compliance with laws and regulations?
The audit of GolfDay Company, a manufacturer of bicycle racks and golf carts, is almost finished. Krista Heiss is the most experienced auditor on this audit and is in charge of performing final analytical procedures. The company ships most of its products to a combination of distributors and retailers. The business in totally within the United States at the present time and is seasonal.
a. Why is it important that final analytical procedures be per-
formed by experienced auditors?
b. What are some analytical procedures that Heiss might perform?
c. How can these procedures be useful at this stage of the audit to help ensure audit quality?
13.25 WACC for a firm: The Imaginary Products Co. currently has $300 million of market value debt outstanding. The 9 percent coupon bonds (semiannual pay) have a maturity of 15 years and are currently priced at $1,440.03 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $12.00. The preferred shares offer an annual dividend of $1.20. Imaginary also has 14 million shares of common stock outstanding with a price of $20.00 per share. The firm is expected to pay a $2.20 common dividend one year from today, and that dividend is expected to increase by 5 percent per year forever. If Imaginary is subject to a 40 percent marginal tax rate, then what is the firm’s weighted average cost of capital? Capital componentNumber outstandingCurrent price Bonds300,000 $1,440.03 Preffered stock2,000,000 $12.00 Common stock14,000,000 $20.00 Coupon rate on debt9% Coupon frequency (per year)2 Bond maturity (years)15 Preferred dividend (annual)$1.20 Expected dividend on common (D1)$2.20 Constant annual dividend growth rate (forever)5% Marginal tax rate40% Capital componentMarket ValueWeightAfter-tax costWeighted Cost (%) Bonds Preferred stock Common stock Total capital (market value) WACC
13 A hemisphere of diameter 84 mm is having its circular face parallel to HP on the upper side. A regular pentagonal prism of base side 24 mm and height 55 mm, is resting centrally on it, with a base side, away from the observer, parallel to VP and their common axis perpendicular to HP. Draw its isometric projection. Give all dimensions.
13\. Energy spectral density defines
a) Signal energy per unit area
b) Signal energy per unit bandwidth
c) Signal power per unit area
d) Signal power per unit bandwidth
14\. Power spectrum describes distribution of _________ under frequency domain.
d) None of the mentioned
15\. How can power spectral density of non periodic signal be calculated?
a) By integrating
b) By truncating
c) By converting to periodic
d) None of the mentioned
13) If you have a question regarding your concerns of nanomaterials, ask____ a) Lab manager b) Department safety coordinator c) Office of environmental health and safety manager d) OSHA and NIOSH specialists e) All of above 14) What is the most effective practice when using protective gloves? a) Change gloves routinely when using nanomaterials or if contamination is suspected. b) Choose the darkest glove color to see any contaminations. c) Use always latex gloves d) Wash hands frequently
13\. Inoculation programs against certain diseases such as small pox, polio, and whooping cough create
positive externalities in consumption.
external costs to society equal to the costs of the program.
13\. Knoke Corporation’s contribution margin ratio is 29% and its fixed monthly expenses are $17,000. If the company’s sales for a month are $98,000, what is the best estimate of the company’s net operating income? Assume that the fixed monthly expenses do not change. A. $81,000 B. 11,420 C. $52,580 D. $28,420
13\. On January 3, 2011, Haskins Corporation acquired 40 percent of the outstanding common stock of
Clem Company for $990,000. This acquisition gave Haskins the ability to exercise significant influence
over the investee. The book value of the acquired shares was $790,000. Any excess cost over
the underlying book value was assigned to a patent that was undervalued on Clem’s balance sheet.
This patent has a remaining useful life of 10 years. For the year ended December 31, 2011, Clem
reported net income of $260,000 and paid cash dividends of $80,000. At December 31, 2011, what
should Haskins report as its investment in Clem under the equity method?