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External link to Question : 41) The consumption function based a number of assumptions. Given : 1384368
Economics

Question : 41) The consumption function based a number of assumptions. Given : 1384368

  41) The consumption function is based on a number of assumptions. Given these assumptions, which of the following statements is true? A) Below a certain level of income, APC > 1 and MPC < 0. B) The MPC and APC are always less than unity. C) As income rises, the MPC falls and the APC rises. D) The MPC is greater than zero and […]

External link to Question : 36.Which of the following not among the alternatives for relationships : 1302964
Economics

Question : 36.Which of the following not among the alternatives for relationships : 1302964

  36.Which of the following is not among the alternatives for relationships among people in Kluckhohn and Strodtbeck’s model? a.individualistic b.mixed (pages 22-23, moderate) c.group d.hierarchical 37.Which of the following is not a dimension in Hofstede’s model of cultures? a.high versus low power distance b.task versus relationship orientation (page 23, moderate) c.individualism versus collectivism d.high versus low uncertainty avoidance e.masculinity versus femininity 38.Hofstede says that […]

External link to Question : 81.Which of the following assisted by incubation in the creative : 1243913
Economics

Question : 81.Which of the following assisted by incubation in the creative : 1243913

  81.Which of the following is assisted by incubation in the creative process?  A.Escalation of commitment B.Prospect theory effect C.Convergent thinking D.Divergent thinking E.Decision choice 82.In the creative process, which of the following refers to the experience of suddenly becoming aware of a unique idea?  A.Incubation B.Illumination C.Preparation D.Verification E.Convergent thinking 83.The insight stage in the creative process:  A.provides a tested solution to complex problems. […]

External link to Question : 71) The above figure shows the supply curves in four : 1239182
Economics

Question : 71) The above figure shows the supply curves in four : 1239182

  71) The above figure shows the supply curves in four different markets. If each of the markets has an identical downward sloping demand curve and the same tax is levied on suppliers, which market would produce the largest amount of deadweight loss? A) A B) B C) C D) D E) A and D 72) Tax incidence refers to A) how government taxes are […]

External link to Question : 11) One requirement for an industry to be perfectly competitive : 1226188
Economics

Question : 11) One requirement for an industry to be perfectly competitive : 1226188

    11) One requirement for an industry to be perfectly competitive is that A) there are no restrictions on entry into or exit from the market. B) there are multiple restrictions on entry into or exit from the market. C) there are many firms selling different products. D) sellers and buyers have imperfect information about prices. E) the many firms sell slightly different products. […]

External link to Question : 91.Ataxincreasehas a.amultipliereffectbutnotacrowdingouteffect b.acrowdingouteffectbutnotamultipliereffect c.bothacrowdingoutandmultipliereffect d.neitheramul : 1262214
Economics

Question : 91.Ataxincreasehas a.amultipliereffectbutnotacrowdingouteffect b.acrowdingouteffectbutnotamultipliereffect c.bothacrowdingoutandmultipliereffect d.neitheramul : 1262214

  91.Ataxincreasehas a.amultipliereffectbutnotacrowdingouteffect b.acrowdingouteffectbutnotamultipliereffect c.bothacrowdingoutandmultipliereffect d.neitheramultiplierorcrowdingouteffect 92.Whichofthefollowingsequencesbestrepresentsthecrowding-outeffect? a.governmentpurchases↑⇒GDP↑⇒supply ofmoney↓ b.governmentpurchases↓⇒GDP↓⇒demandformoney↓ c.governmentpurchases↑⇒GDP↑⇒demandformoney↑ d.taxes↑⇒GDP↓⇒demandformoney↓⇒equilibriuminterestrate↑ 93.AnaidetoaU.S.Congressmancomputestheeffectonaggregatedemandofa$20billiontaxcut.Theactualincreaseinaggregatedemandislessthantheaideexpected.Whichofthefollowingerrorsintheaide’scomputationwouldbeconsistentwithanoverestimationoftheimpactonaggregatedemand? a.TheactualMPCwaslargerthantheMPCtheaideusedtocomputethemultiplier. b.Theaidethoughtthetaxcutwouldbepermanent,buttheactualtaxcutwastemporary. c.Theincreaseinincomeshiftedmoneydemandlessthantheaidehadanticipated. d.Theincreaseinincomeresultedininvestmentrisingmorethantheaidehadanticipated. 94.Initially,theeconomyisinlong-runequilibrium.Aggregatedemandthenshiftsleftwardby$50billion.Thegovernmentwantstoincreaseitsspendinginordertoavoidarecession.Ifthecrowding-outeffectisalwaysone-thirdasstrongasthemultipliereffect,andiftheMPCequals0.6,thenbyhowmuchdogovernmentpurchaseshavetoincreaseinordertooffsetthe$50billionleftwardshift? a.by$90billion b.by$60billion c.by$20billion d.by$30billion 95.Initially,theeconomyisinlong-runequilibrium.Theaggregatedemandcurvethenshifts$50billiontotheleft.Thegovernmentwantstochangeitsspendingtooffsetthisdecreaseindemand.TheMPCis0.80.Supposetheeffectonaggregatedemandfromachangeintaxesis4/5thesizeofthechangefromgovernmentexpenditures.Thereisnocrowdingoutandnoacceleratoreffect.Whatshouldthegovernmentdoifitwantstooffsetthedecreaseinaggregatedemand? a.Raisebothtaxesandexpendituresby$5.56billiondollars. b.Raisetaxesby$40billiondollarsandincreaseexpendituresby$50billiondollars. c.Reducetaxesby$10billiondollarsandincreaseexpendituresby$10billiondollars. d.Reducetaxesby$5.56billiondollarsandincreaseexpendituresby$5.56billiondollars. 96.Initially,theeconomyisinlong-runequilibrium.Theaggregatedemandcurvethenshifts$80billiontotheleft.Thegovernmentwantstochangespendingtooffsetthisdecreaseindemand.TheMPCis0.75.Supposetheeffectonaggregatedemandofataxchangeis3/4asstrongastheeffectofachangeingovernmentexpenditure.Thereisnocrowdingoutandnoacceleratoreffect.WhatshouldthegovernmentdoifitwantstooffsetthedecreaseinrealGDP? a.Raisebothtaxesandexpendituresby$80billiondollars. b.Raisebothtaxesandexpendituresby$10billiondollars. c.Reducebothtaxesandexpendituresby$80billiondollars. d.Reducebothtaxesandexpendituresby$10billiondollars. 97.SupposetheMPCis0.9.Therearenocrowdingoutorinvestmentacceleratoreffects.Ifthegovernmentincreasesitsexpendituresby$30billion,thenbyhowmuchdoesaggregatedemandshifttotheright?Ifthegovernmentdecreasestaxesby$30billion,thenbyhowfardoesaggregatedemandshifttotheright? a.$283billionand$254.7billion b.$283billionand$283billion c.$300billionand$270billion d.$300billionand$300billion 98.SupposetheMPCis0.60.Assumetherearenocrowdingoutorinvestmentacceleratoreffects.Ifthegovernmentincreasesexpendituresby$200billion,thenbyhowmuchdoesaggregatedemandshifttotheright?Ifthegovernmentdecreasestaxesby$200billion,thenbyhowmuchdoesaggregatedemandshifttotheright? a.$300billionand$180billion b.$300billionand$300billion c.$500billionand$300billion d.$500billionand$500billion 99.Ataxcutshiftsaggregatedemand a.bymorethantheamountofthetaxcut. b.bythesameamountasthetaxcut. c.bylessthanthetaxcut. d.Noneoftheaboveisnecessarilycorrect. 100.Ifhouseholdsviewataxcutastemporary,thenthetaxcut a.hasnoeffectonaggregatedemand. b.hasmoreofaneffectonaggregatedemandthanifhouseholdsviewitaspermanent. c.hasthesameeffectaswhenhouseholdsviewthecutaspermanent. d.haslessofaneffectonaggregatedemandthanifhouseholdsviewitaspermanent.    

External link to Question : 41.Characterize EACH of the three given statements as being TRUE : 1309600
Economics

Question : 41.Characterize EACH of the three given statements as being TRUE : 1309600

    41.Characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices: (1) Two moles of O2 molecules contain twice Avogadro’s number of atoms. (2) The actual yield of a product in a chemical reaction is a measured rather than calculated quantity. (3) In an equation-based “grams of A to […]

External link to Question : 61) Which of the following statements a normative statement? A) Inflation : 1225982
Economics

Question : 61) Which of the following statements a normative statement? A) Inflation : 1225982

    61) Which of the following statements is a normative statement? A) Inflation has been at an all time low this year. B) The minimum wage should be increased to $8.50 per hour. C) Unemployment this month has increased by less than 0.5 percentage point.. D) Additional spending on education has not produced any rise in test scores. E) Pepsi is less expensive than […]

External link to Question : 13.4   Comparing Monopolistic Competition and Perfect Competition 1) How does the : 1387844
Economics

Question : 13.4   Comparing Monopolistic Competition and Perfect Competition 1) How does the : 1387844

  13.4   Comparing Monopolistic Competition and Perfect Competition   1) How does the long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive industry? A) A firm in monopolistic competition will earn economic profits, but a firm in perfect competition earns zero profit. B) A firm in monopolistic competition will charge a price higher than the average cost of production, but […]

External link to Question : 12.5   Integrative Questions 1) The dominant factor why the nominal interest : 1240497
Economics

Question : 12.5   Integrative Questions 1) The dominant factor why the nominal interest : 1240497

  12.5   Integrative Questions   1) The dominant factor why the nominal interest rate differs among nations is that ________ differs among nations. A) potential GDP B) the unemployment rate C) inflation rate D) the price level E) the quantity of money   2) If the inflation rate is zero, the nominal interest rate is A) greater than the real interest rate. B) less than […]

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July 1, 2023
    

 

Learning Objective 11-3

 

1) How can you tell if a company is taking big bath charges this year?

A) Compare this year's accounts receivable with last year's. If this year's accounts receivable are much bigger, there must have been many charges.

B) Compare this year's income statement with several previous years', looking for unusual expenses or write-offs.

C) Compare this year's cash flow from operating activities with several previous years'. If this year's cash flow from operating activities is much smaller, there must have been many charges.

D) Look for a note titled "Big Bath Charges" in the annual report.

 

2) Which of the following may indicate a company is setting up a cookie jar reserve this year?

A) The current year's estimated warranty liability is significantly larger than prior years'.

B) The current year's warranty expense is significantly smaller than several previous years'.

C) The current year's cash flow from operating activities is significantly larger than previous years'.

D) There is a note titled "Cookie Jar Reserves" in the annual report.

 

3) What may be the effect on a company's financial statements in the year a company sets up a cookie jar reserve?

A) Net income and total assets may be too high.

B) Net income and total liabilities may be too low.

C) Net income may be too high and total assets may be too low.

D) Net income may be too low and total liabilities may be too high.

 

4) What may be the effect on a company's financial statement in the year a company sets up a cookie jar reserve?

A) Net income and total assets may be too high.

B) Net income and total assets may be too low.

C) Net income may be too high and total assets may be too low.

D) Net income and total liabilities may be too high.

5) Out of Africa, a multi-national corporation, had a very bad year. Management decided to write off a large amount of its long-term assets because they might lose value in future years. Management is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too early

D) setting up a cookie jar reserve

 

6) RH Company shipped goods to a customer on December 31, 2011 that the customer had not ordered. RH Company recorded a credit sale of $75,000. What is the effect of recording this sale on RH Company's 2011 financial statements?

A) Net income and total assets are too high.

B) Net income and total assets are too low.

C) Net income is too high and total assets are too low.

D) Net income is too low and total assets are too high.

 

7) RH Company shipped goods to a customer on December 31, 2011 that the customer had not ordered. RH Company recorded a credit sale of $75,000. As a result of recording this sale, which of the following will be overstated on RH Company's 2011 financial statements?

A) sales

B) accounts receivable

C) earning per share

D) all of these

 

8) Trading Places, a multi-national corporation, had a very successful year and was more than meeting analyst's expectations. Management decided to increase the amount of its warranty expense to more than was needed. Management is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too late

D) setting up a cookie jar reserve

9) GB Company had a very bad year in 2011. The controller knew that the company already had a significant loss for the year, so he put the paperwork in his bottom drawer for some of the shipments made in the last two weeks of 2011. As a result, $100,000 of sales were not recorded and the customers weren't billed until 2012. The controller is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too late

D) setting up a cookie jar reserve

 

10) GB Company had a very bad year in 2011. The controller knew that the company already had a significant loss for the year, so he put the paperwork in his bottom drawer for some of the shipments made in the last two weeks of 2011. As a result, $100,000 of sales were not recorded and the customers weren't billed until 2012. What is the effect of omitting these sales from GB Company's 2011 financial statements?

A) Net income and total assets are too high.

B) Net income and total assets are too low.

C) Net income is too high and total assets are too low.

D) Net income is too low and total assets are too high.

 

 

default image
July 1, 2023
    

 

Learning Objective 11-3

 

1) How can you tell if a company is taking big bath charges this year?

A) Compare this year's accounts receivable with last year's. If this year's accounts receivable are much bigger, there must have been many charges.

B) Compare this year's income statement with several previous years', looking for unusual expenses or write-offs.

C) Compare this year's cash flow from operating activities with several previous years'. If this year's cash flow from operating activities is much smaller, there must have been many charges.

D) Look for a note titled "Big Bath Charges" in the annual report.

 

2) Which of the following may indicate a company is setting up a cookie jar reserve this year?

A) The current year's estimated warranty liability is significantly larger than prior years'.

B) The current year's warranty expense is significantly smaller than several previous years'.

C) The current year's cash flow from operating activities is significantly larger than previous years'.

D) There is a note titled "Cookie Jar Reserves" in the annual report.

 

3) What may be the effect on a company's financial statements in the year a company sets up a cookie jar reserve?

A) Net income and total assets may be too high.

B) Net income and total liabilities may be too low.

C) Net income may be too high and total assets may be too low.

D) Net income may be too low and total liabilities may be too high.

 

4) What may be the effect on a company's financial statement in the year a company sets up a cookie jar reserve?

A) Net income and total assets may be too high.

B) Net income and total assets may be too low.

C) Net income may be too high and total assets may be too low.

D) Net income and total liabilities may be too high.

5) Out of Africa, a multi-national corporation, had a very bad year. Management decided to write off a large amount of its long-term assets because they might lose value in future years. Management is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too early

D) setting up a cookie jar reserve

 

6) RH Company shipped goods to a customer on December 31, 2011 that the customer had not ordered. RH Company recorded a credit sale of $75,000. What is the effect of recording this sale on RH Company's 2011 financial statements?

A) Net income and total assets are too high.

B) Net income and total assets are too low.

C) Net income is too high and total assets are too low.

D) Net income is too low and total assets are too high.

 

7) RH Company shipped goods to a customer on December 31, 2011 that the customer had not ordered. RH Company recorded a credit sale of $75,000. As a result of recording this sale, which of the following will be overstated on RH Company's 2011 financial statements?

A) sales

B) accounts receivable

C) earning per share

D) all of these

 

8) Trading Places, a multi-national corporation, had a very successful year and was more than meeting analyst's expectations. Management decided to increase the amount of its warranty expense to more than was needed. Management is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too late

D) setting up a cookie jar reserve

9) GB Company had a very bad year in 2011. The controller knew that the company already had a significant loss for the year, so he put the paperwork in his bottom drawer for some of the shipments made in the last two weeks of 2011. As a result, $100,000 of sales were not recorded and the customers weren't billed until 2012. The controller is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too late

D) setting up a cookie jar reserve

 

10) GB Company had a very bad year in 2011. The controller knew that the company already had a significant loss for the year, so he put the paperwork in his bottom drawer for some of the shipments made in the last two weeks of 2011. As a result, $100,000 of sales were not recorded and the customers weren't billed until 2012. What is the effect of omitting these sales from GB Company's 2011 financial statements?

A) Net income and total assets are too high.

B) Net income and total assets are too low.

C) Net income is too high and total assets are too low.

D) Net income is too low and total assets are too high.

 

 

default image
July 1, 2023
    

 

Learning Objective 11-3

 

1) How can you tell if a company is taking big bath charges this year?

A) Compare this year's accounts receivable with last year's. If this year's accounts receivable are much bigger, there must have been many charges.

B) Compare this year's income statement with several previous years', looking for unusual expenses or write-offs.

C) Compare this year's cash flow from operating activities with several previous years'. If this year's cash flow from operating activities is much smaller, there must have been many charges.

D) Look for a note titled "Big Bath Charges" in the annual report.

 

2) Which of the following may indicate a company is setting up a cookie jar reserve this year?

A) The current year's estimated warranty liability is significantly larger than prior years'.

B) The current year's warranty expense is significantly smaller than several previous years'.

C) The current year's cash flow from operating activities is significantly larger than previous years'.

D) There is a note titled "Cookie Jar Reserves" in the annual report.

 

3) What may be the effect on a company's financial statements in the year a company sets up a cookie jar reserve?

A) Net income and total assets may be too high.

B) Net income and total liabilities may be too low.

C) Net income may be too high and total assets may be too low.

D) Net income may be too low and total liabilities may be too high.

 

4) What may be the effect on a company's financial statement in the year a company sets up a cookie jar reserve?

A) Net income and total assets may be too high.

B) Net income and total assets may be too low.

C) Net income may be too high and total assets may be too low.

D) Net income and total liabilities may be too high.

5) Out of Africa, a multi-national corporation, had a very bad year. Management decided to write off a large amount of its long-term assets because they might lose value in future years. Management is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too early

D) setting up a cookie jar reserve

 

6) RH Company shipped goods to a customer on December 31, 2011 that the customer had not ordered. RH Company recorded a credit sale of $75,000. What is the effect of recording this sale on RH Company's 2011 financial statements?

A) Net income and total assets are too high.

B) Net income and total assets are too low.

C) Net income is too high and total assets are too low.

D) Net income is too low and total assets are too high.

 

7) RH Company shipped goods to a customer on December 31, 2011 that the customer had not ordered. RH Company recorded a credit sale of $75,000. As a result of recording this sale, which of the following will be overstated on RH Company's 2011 financial statements?

A) sales

B) accounts receivable

C) earning per share

D) all of these

 

8) Trading Places, a multi-national corporation, had a very successful year and was more than meeting analyst's expectations. Management decided to increase the amount of its warranty expense to more than was needed. Management is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too late

D) setting up a cookie jar reserve

9) GB Company had a very bad year in 2011. The controller knew that the company already had a significant loss for the year, so he put the paperwork in his bottom drawer for some of the shipments made in the last two weeks of 2011. As a result, $100,000 of sales were not recorded and the customers weren't billed until 2012. The controller is ________.

A) acting ethically and being conservative

B) recording big bath charges

C) recognizing revenue too late

D) setting up a cookie jar reserve

 

10) GB Company had a very bad year in 2011. The controller knew that the company already had a significant loss for the year, so he put the paperwork in his bottom drawer for some of the shipments made in the last two weeks of 2011. As a result, $100,000 of sales were not recorded and the customers weren't billed until 2012. What is the effect of omitting these sales from GB Company's 2011 financial statements?

A) Net income and total assets are too high.

B) Net income and total assets are too low.

C) Net income is too high and total assets are too low.

D) Net income is too low and total assets are too high.

 

 

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Tourism, 1 page
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Philosophy, 5 pages
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August 5, 2021
    

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Psychology, 4 pages
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August 5, 2021
    

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customer #17823
Business, 8 pages

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550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
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