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1.) Central Med Medical Clinic recently bought an Electec model 1555 mobile CT Scanner for $225,000. Typically CMMC depreciates their medical machine over a 3 year life, but they believe that the usage of the new mobile device and technology of the field will render the item obsolete within 1.5 years.
Which of the following depreciation methods would best allocate the cost of the CT scanner over it's estimated useful life?Answer:A. Straight Line methodB. Allowance methodC. Double Declining Balance methodD. Units of Production method
2.) Which of the following situations is an example of adequate internal controls?Answer:A. Fresh Florist's accountant was Mary Smith. After fifteen years of work, Mary was found to have been depositing small cash payments from clients into her own personal account when taking the daily bank deposit for the company. It's estimated that Mary had stolen up to $63,000 over the last two years alone. Mary's position was not insured against theft or loss by Fresh Florist.B. The warehouse employees of Barnyard, Industries are to provide shipping documents and inventory confirmations to the purchasing department/accounting department in a timely manner for reconciling of sales orders. Currently the warehouse is submitting only about 88% of all shipping documents which are being received 35-40 days following shipment by the purchasing/accounting department.C. Ted opens the mail and receives the check payments from clients, and counts the cash received through the mail unsupervised, before preparing the deposit slip and taking it to the bank the following date.D. HiTimes Motorcycles is a small cycle shop in Destin Florida. Eddie Cruzin, the company accountant, prepares a full bank reconciliation following receipt of the monthly bank statements, that he receives online and confirms all differences between the company's cash account and the bank account within one business day. Additionally Javier, the business owner, signs off on the bank reconciliation immediately following his review of it's preparation.
Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.
Compute the price of the stock. A stock has a P/Sales ratio of 3. Sales per share is $16. Find the price of the stock.
Explain how does the Central Bank measure the money supply in the contary. Does the Central Bank have an interest rate policy.
Office building maintenance makes call for the stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology.
If there is a recessionary gap in the short run, then in the long run a new equilibrium arises when input prices and expectations adjust downward,
Suppose you are the owner-manger of an innovative computer software company, and your latest product is so revolutionary.
Explain how are the Bank of Canada's transactions in the foreign exchange market from part (a) reflected in the balance of payments account.
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
Illustrate what was the economy's biggest risk--inflation or unemployment.
Explain how do you solve for a, b, c, e in the equations: Qd = a-bW and Qs = c+eW when you know the equilibrium wage (or price) is $4, there are 100,000 people employed, Elasticity of demand is equal to -0.4 and Elasticity of supply is equal to 0...
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
illustrtae what are some of the price and how do expectations inluence the effects of inflation.
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