CHAPTER 6| Elasticity: The Responsiveness of Demand and Supply SOLUTIONS TO END-OF-CHAPTER EXERCISES Answers to Thinking Critically Questions 1. Even if the overall demand for gasoline is inelastic‚ a revenue increase for Joe’s Gas-and-Go will occur only if the percentage increase in price is greater than the percentage decrease in quantity demanded. If Joe’s price increase is too large and Joe has other competitors who do not raise their prices‚ then it is possible that the percentage
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Solutions for Review Problems of Chapter 14 1. a. Given the following diagram for a product‚ determine the quantity of each component required to assemble one unit of the finished product. b. Draw a tree diagram for the stapler: a. F: 2 J: 2 x 2 = 4 D: 2 x 4 = 8 G: 1 L: 1 x 2 = 2 J: 1 x 2 = 2 H: 1 A: 1 x 4 = 4 D: 1 x 2 = 2 Totals: F = 2; G = 1; H = 1; J = 6; D = 10; L = 2; A = 4 b. Stapler Top Assembly Base Assembly Cover Spring Slide Assembly Base Strike Pad Rubber Pad 2 Slide
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Chapter 5 |Activity-Based Cost Systems |[pic] | QUESTIONS 5-1 Traditional volume-based cost allocation systems that use only drivers that vary directly with the volume of products produced—such as direct labor dollars‚ direct labor hours‚ or machine hours—are likely to systematically distort product costs because they break the link between the cause for the costs and the basis for assignment
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bonds in an attempt to reduce his taxes. This is not an effective approach because of possible double taxation. The US offers a foreign tax credit‚ but retirement accounts are not eligible since they are not taxed in the US. Furthermore the rates vary between countries and a little homework needs to be done before investing in this venue. 10-Abigail is a widow who is age 80 and blind and is claimed as dependant by her grandson. * Yes Abigail can file a federal income tax return depending on her
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transmission in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording‚ or likewise. For information regarding permission(s)‚ write to: Rights and Permissions Department‚ Pearson Education‚ Inc.‚ Upper Saddle River‚ NJ 07458. 11–2 CHAPTER 11. Balanced Three-Phase Circuits Thus‚ VBC = 415.69/ − 120◦ V AP 11.2 Make a sketch: We know VCN and wish to find VAB . To do this‚ write a KVL equation to find VBC ‚ and use the known phase angle relationship between VAB and VBC to find VAB .
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CHAPTER 6 Audit Evidence |Learning Check | 6-1. a. Audit evidence is all the information used by the auditor in arriving at the conclusion on which the audit opinion is based. Audit evidence includes (1) the accounting records underlying the financial statements and (2) other information that corroborates the accounting records and supports the auditor’s logical reasoning about fair presentation in the financial statements. b. Any information that is obtained
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Chapter 2 Auditing IT Governance Controls Review Questions 1. What is IT governance? Response: IT governance is a relatively new subset of corporate governance that focuses on the management and assessment of strategic IT resources. 2. What are the objectives of IT governance? Response: The key objectives of IT governance are to reduce risk and ensure that investments in IT resources add value to the corporation. 3. What is distributed data processing? Response: Distributed
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Chapter 6 Inventory & Cost of Goods Sold Short Exercises (10 min.) S 6-1 Billions Inventory………………………… 3.8 Cash…………………………... 3.8 Accounts Receivable…………. 19.7 Sales Revenue………………. 19.7 Cost of Goods Sold…………… 4.5 Inventory……………………... 4.5 Cash……………………………… 18.8 Accounts Receivable………. 18.8 (10-15 min.) S 6-2 1. (Journal entries) Inventory………………………………….. 120‚000 Accounts Payable……………………
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CHAPTER 17 PROCESS COSTING 17-1 Industries using process costing in their manufacturing area include chemical processing‚ oil refining‚ pharmaceuticals‚ plastics‚ brick and tile manufacturing‚ semiconductor chips‚ beverages‚ and breakfast cereals. 17-2 Process costing systems separate costs into cost categories according to the timing of when costs are introduced into the process. Often‚ only two cost classifications‚ direct materials and conversion costs‚ are necessary. Direct
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9 Sinusoidal Steady State Analysis Assessment Problems AP 9.1 [a] V = 170/−40◦ V [b] 10 sin(1000t + 20◦ ) = 10 cos(1000t − 70◦ ) . ·. I = 10/−70◦ A [c] I = 5/36.87◦ + 10/−53.13◦ = 4 + j3 + 6 − j8 = 10 − j5 = 11.18/−26.57◦ A [d] sin(20‚000πt + 30◦ ) = cos(20‚000πt − 60◦ ) Thus‚ V = 300/45◦ − 100/−60◦ = 212.13 + j212.13 − (50 − j86.60) = 162.13 + j298.73 = 339.90/61.51◦ mV AP 9.2 [a] v = 18.6 cos(ωt − 54◦ ) V [b] I = 20/45◦ − 50/ − 30◦ = 14.14 + j14.14 − 43.3 + j25 = −29.16 + j39.14 = 48.81/126
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