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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.
A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. What is the monopolist profit maximizing price and quantity? What is the profit?
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
Discuss the difference among inflationary gap and deflationary gap.
Please comprise in your response, the formulas for this problem among with a detailed explanation of how it is solved, and your rationale for reaching your conclusions.
Illustrate what fiscal policy or policies would be the best to get it out of the recession
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
Explain how the central bank in a modern economy operates; in particular, how it tries to control the monetary base (H), and thus the quantity of money (M) via open-market operations.
Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.
Illustrate what is the
Suppose Congress wishes to reduce the budget deficit by reducing government spending. Use the IS-LM model to illustrate graphically.
Comprising a list and description of the tools organizations can use to manage risk in international finance.
Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers firm will employ to maximize profits.
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