Additional Practice Problems for Midterm Exam Preparation of Multiple-Step Income Statement Zoomy Zombie Inc. manufactures a wide variety of children’s products including educational toys‚ safety products‚ and outdoor toys. Skellan Davis‚ the company’s controller‚ had to leave unexpectedly while preparing the 2011 financial statements. Prior to his departure‚ Skellan had calculated 2011 income from operations before taxes of $22‚850‚000 (total for all divisions). Additional events and transactions
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Saturday (06:00 pm to 09:00 pm) Q. No. 1. How have GM’s strategy‚ structure‚ and decision-making processes evolved over time? How well aligned were they in each of the three major eras? Alfred Sloan’s GM: Revving up (1920–1956) Sloan‚ Jr.‚ a manager whose ball bearing company GM had acquired in 1918‚ to reorganize GM’s structure and management processes to be in line with its strategies. Strategy: First‚ Sloan developed a "pricing pyramid" to structure the pricing of the various different
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Response Ayanna Jackson Period 1 5.12.14 Word Count: 743 Genetically modified (GM) foods have been around for thousands of years. In the 1990s‚ they started being sold commercially in the United States‚ which was the start of this controversy: Are GM foods good or bad for us? Do the pros outweigh the cons? In my opinion‚ genetically modified foods are nothing to worry about. GM foods are produced from genetic engineering. Scientists take a certain gene from an organism that is
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There may be a question on the midterm relating to discounting and present value. This topic is covered in Chapter 1 of your text. Here’s an example problem. The present value of a stream of income or expenses is found the following process. First‚ a discount rate‚ r‚ is selected that reflects the opportunity cost of funds involved. For example‚ a risk free discount rate may be equal to the current rate of Treasury securities‚ about 2.5% to 3% currently. A discount rate that reflects greater
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General Motors Corp. (NYSE: GM)‚ the world’s largest automaker‚ has been the global industry sales leader for 75 years. Founded in 1908‚ GM today employs about 327‚000 people around the world. With global headquarters in Detroit‚ GM manufactures its cars and trucks in 33 countries. In 2005‚ 9.17 million GM cars and trucks were sold globally under the following brands: Buick‚ Cadillac‚ Chevrolet‚ GMC‚ GM Daewoo‚ Holden‚ HUMMER‚ Opel‚ Pontiac‚ Saab‚ Saturn and Vauxhall. GM operates one of the world’s
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Midterm Exam Econ 601-002 Fall 2012 Total points: 100. Please answer all of the following questions. There are 4 multiple choice questions‚ each is worth 5 points. Consider the following diagram where a perfectly competitive firm faces a price of $40. Figure 1 1) Refer to Figure 1. The profit-maximizing output is A) 30. B) 54. C) 60. D) 67. E) 79. 2) Refer to Figure 1. At 67 units of output‚ profit is A) maximized and zero. B) maximized and negative. C) maximized and positive. D) not maximized
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Midterm Study Guide Answers 1. A hypothesis is an explanation of observations. “If the floor is wet‚ I will slip.” 2. A controlled experiment is when only one variable is changed. 3. If the plant you are experimenting with has a disease that is an unavoidable experimental error. 4. An enzyme speeds up reactions and lowers the energy it takes to produce something‚ a lock and key. 5. Autotrophs make their own food by producing sugars from sunlight and various chemicals. 6
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CAUSE AND EFFECT ON GM FOODS I have selected to research and write about the potential dangers and benefits of genetically modified (GM) foods. Genetically modified foods are produced from organisms that have had specific changes introduced into their DNA using methods of genetic engineering. These techniques have allowed far greater control over food’s genetic structure than past methods like selective breeding. Genetically modified foods were introduced commercially for sale in 1994. No thorough
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Midterm Review Name: ______________________________ Date: ___________ Circle Period R1 R2 R3 S1 S2 S3 Chapter 1 – About Science Vocabulary: Define each term. Fact: Hypothesis: Law: Theory: Check Concepts: 1. Why is physics the most basic science? 2. Why is mathematics important to science? 3. Is a scientific fact something that is absolute and unchanging? Defend your answer. Chapter 2 – Mechanical Equilibrium Vocabulary: Define each term. Force: Net Force: Vector:
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Food shortage‚ world hunger‚ and starvation are three reasons as to why scientists have decided to modify foods. GM foods are a new genetically modified way to "improve" crop production‚ but these new improvements are not as helpful as scientists planned them to be. GM foods should play no role in the global food supply because GM foods have no beneficial role within humans lives. GM foods were supposed to be made to benefit humans lives‚ and help to make more plants to give to the people. Instead
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