Question 2
Assignment Instructions The Research Paper will consist of 15-20 double spaced pages (not including title page and reference page). The research will address one of the following five topics: 1. Terrorism and Organized Crime: Similarities and Differences (Connected to Course Learning Objective #4, i.e., Report on how terrorism differs from organized crime). 2. History of Organized Crime in the U.S. (Connection to several Course Learning Objectives #2. Assess organized crime?s ability to continue flourishing through the application of sociological and criminological theory; #3 Interpret the historical and socio-political patterns of organized crime in the United States; #6 Compare the origins, characteristics, and national makeup of Asian Crime and Russian organized crime groups, #7. Separate traits and characteristics of the two main Italian Mafia groups, that is, the well-known Cosa Nostra and the newer Calabrian 'Ndrangheta; and #8. Scrutinize major organized crime statutes, such as the Harrison Act, the Racketeer Influenced and Corrupt Organizations Act (RICO), and Prohibition). 3. Explaining Organized Crime Through the Lens of Rational Choice Theory, or another sociological and or criminological criminal justice theory of your choice. (Connected to Course Learning Objective #2, i.e., Assess Transnational Organized Crime?s ability to continue flourishing through the application of criminological theory). 4. Which Poses the Biggest Threat to the U.S....Russian or Asian Organized Crime? (Connected to Course Learning Objective #6. Compare the origins, characteristics, and national makeup of Asian Crime and Russian organized crime groups) 5. A topic of interest to the student, which is fully related to this course, and approved in advance by the instructor. Note: Any proposed topic must be shown to directly connect to one of the course learning objectives identified in the syllabus This paper must have at least 10 references from primary sources, for example the weekly readings, peer-reviewed journals, etc. Use of newspapers, news magazines, and similar periodicals must be kept to a minimum but a fine for background material. Students are encouraged to use the APUS online library in order to utilize peer-reviewed journals to the maximum extent possible. Web sources should be evaluated based on the site sponsor, among other things, such as: How long has the site existed? Is there sufficient information to judge credentials, authenticity, credibility, and bias? Are facts supported by cited sources? Is the material published only on the web? Wikipedia is not an acceptable source. The paper will be evaluated on the grading rubric listed in your week 6 lesson. It is also attached to this posting. The research paper must be written using American Psychological Association (APA) style. In part this must include the following: (b) Times New Roman style, (c) 12-point font, (d) double-spaced, with (e) 1 inch page margins all around. For general guidance see the Publication Manual of the American Psychological Association, 6th Edition, 2010; and, web links at: http://www.apastyle.org/ http://owl.english.purdue.edu/handouts/print/research/PDFs/r_apa.pdf http://www.vanguard.edu/faculty/ddegelman/index.cfm?doc_id=796 http://webster.commnet.edu/apa/apa_index.htm
Question 3
Ques. 1) Which of the following is not an advantage of the corporate form of business organization? a. Sell debt or equity in public capital markets b. Owners have limited liability c. Owners are subject to double taxation d. May continue in business in perpetuity Ques. 2) Working capital management involves decisions related to the following: a. Purchase of production machines b. Extending credit to customers c. Signing a 3 year lease for an office building d. Negotiating with city officials a 2-year tax abatement plan for a new factory Ques. 3) Which of the following statements is correct: a. Market forces provide sufficient incentives for ethical behavior b. It would be easier to do business if there were no ethical norms c. Government regulations are necessary to ensure ethical behavior d. An ethical culture with good internal controls promotes ethical behavior Ques. 4) In 2010, Jack's Art Gallery sold 200 original works of art for $1,240,520. The gallery acquired the works sold for $530,000. Each painting was framed using predesigned framing kits in the gallery's own workshop. The firm bought 100 kits in January for $50,000, 100 kits in March for $60,000.,100 kits in May for $40,000 and 100 kits in August for $30,000. Other costs of operation, including salaries, supplies, rent, etc., totaled $200,000. The company depreciated its assets by $120,000 and paid interest on loans totaling $55,000. Assuming no other costs and that Jack's Art Gallery used FIFO in its inventory management, the firm's EBITDA for 2010 was: a. $280,520 b. $230,520 c. $400,520 d. $440,520 Ques. 5) Jake Smith opened his Balinese coffee shop business in downtown Boise on January 1st 2010. On December 31st, 2010, he sat down with his accountant to figure out how his business had done in its first year and heaved a sigh of relief when his accountant reported that his EBT came to $20,000. Revenues, at $1,050,000 looked good. His expenses were as follows: Salaries and benefits paid to employees $210,000 Jake's own salary $100,000 Supplies (coffee, tea, milk, pastries, etc.) $620,000 Cost of Restaurant grade coffee machine $30,000 Miscellaneous operating costs $44,000 Interest on loan $12,000 How much did Jake's accountant allocate for depreciation and amortization? a. $44,000 b. $14,000 c. $4,000 d. $0.00 Ques. 6) Timber firewood company reported the following numbers in its 2010 income statement: EBIT $520,000 Depreciation $35,000 Interest expenses $24,000 General expenses $110,000 If it's marginal tax rate was 30%, what were Timber's cash flows from operating activities for 2010? a. $347,200 b. $382,200 c. $496,000 d. $520,000 Ques. 7) For the year ending June 30, 2008, the Austin Corporation has current assets of $ 275,000 and total assets of $ 900,000. It also has current liabilities of $ 150,000, equity of $ 200,000, and retained earnings of $ 100,000. The marginal tax rate for the firm is 30%. How much long-term debt does the firm have? a) $ 250,000 b) $ 350,000 c) $ 315,000 d) $ 450,000 Ques. 8) The Johnson and Baker Company increased investments in foreign securities by $ 120,000, funded fixed asset acquisitions by $ 1,500,000, and sold $ 90,000 of long-term debt. Also, the firm had a net inflow of $ 300,000 from the sale of assets. What is the net cash used in investing activities? a) $ 1,320,000 b) $ 1,230,000 c) $ 1,410,000 d) $ 1,800,000 Ques. 9) Net working capital is: a) equal to the expenses on the income statement b) a traditional measure of a firm?s liquidity c) reduced by the firm?s outstanding treasury stock to determine profits d) equal to total assets plus total liabilities Ques. 10) Intangible Assets include all the following except: a. Trademarks b. Goodwill c. Patents d. Capital leases e. All of the above Ques. 11) Owners Equity consists of all the following except: a. Additional paid in capital. b. Par value stock c. Debentures outstanding d. Retained earnings Ques. 12) On the statement of cash flows an increase in accounts receivables is considered: a. A cash inflow b. A use of cash c. A source of cash d. None of the above Ques. 13) Which of the following best describes how corporations are taxed on dividend income? a. Like individuals, corporations are taxed on all dividends received. b. Seventy percent of dividend income received by corporations is tax exempt. c. Varying amounts of dividend income received by corporations are tax-exempt, depending on the percent of the paying corporation that the receiving corporation owns. d. In order to avoid triple taxation of earnings, dividend income received by one corporation from another in which it owns stock is 100% tax-exempt. Ques. 14) Kleaner Kars has a return on assets of 6.75 percent, a total asset turnover rate of 1.3, and an equity multiplier of 1.6. Using the Dupont Identity, what is the return on equity? a. 8.30 percent b. 8.78 percent c. 10.80 percent d. 14.04 percent e. 14.33 percent Ques. 15) Jefferson and Sons has total assets of $807,200, total equity of $509,500, total sales of $945,300, and net income of $25,600. What is the profit margin? a. 1.17 percent b. 1.86 percent c. 2.71 percent d. 3.17 percent e. 5.02 percent Ques. 16) A firm has a debt-to-equity ratio of 0.5. What is the firm?s equity multiplier? a. 0.33 b. 1.50 c. 0.50 d. 2.00 e. 5.00 Ques. 17) Knox Corp. plans to sell 1,000 units in 2011 at an average sale price of $40 each. Cost of goods sold will be 40% of the sale price. Depreciation expense will be $2,500, interest expense $1,500, and other expenses will be $3,000. Wessel's tax rate is 35%. What will Knox Corp.'s net income be for 2011? a. $ 9,500 b. $ 6,875 c. $14,200 d. $11,050 e. $28,430 Ques. 18) What is the return on stockholders' equity for a firm with a net profit margin of 4.9 percent, sales of $350,000, an equity multiplier of 1.6, and total assets of $215,000? a. 12.76% b. 15.24% c. 12.57% d. 8.88% Ques. 19) Assume a firm has an average inventory of $50,000, sales of $250,000, gross profit of $100,000, and net income of $25,000. The preferred formulation for an inventory turnover results in an inventory turnover of: a. 1 time b. 3 times c. 4 times d. 5.5 times Ques. 20) The higher the rate of interest: a. the smaller the future value of an amount invested to-day b. the smaller the present value of a future sum of money c. the larger the present value of a future sum of money d. all of the above Ques. 21) Holding all other variables constant, an increase in the interest rate will cause ________ to decrease. a. Future values b. Annuity payments c. Present values d. Growth rates Ques. 22) You have just calculated the present value of the expected cash flows of a potential investment. Management thinks your figures are too low. Which of the following actions would increase the present value of your cash flows? a. assume a longer stream of cash flows of the same amount b. decrease the discount rate c. increase the discount rate d. a and b Ques. 23) Ed Sloan wants to withdraw $25,000 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 10% compounded annually? a. $25,000 times the future value of a 5-year, 10% ordinary annuity of 1. b. $25,000 divided by the future value of a 5-year, 10% ordinary annuity of 1. c. $25,000 times the present value of a 5-year, 10% ordinary annuity of 1. d. $25,000 divided by the present value of a 5-year,10% ordinary annuity of 1. Ques. 24) What amount will be in a bank account three years from now if $5,000 is invested each year for four years with the first investment to be made today? a. ($5,000 x 1.260) + ($5,000 x 1.166) + ($5,000 x 1.080) + $5,000 b. $5,000 x 1.360 x 4 c. ($5,000 x 1.080) + ($5,000 x 1.166) +($5,000 x 1.260) + d. ($5,000 x 1.360) e. $5,000 x 1.080 x 4 Ques. 25) On January 1, 2004, Carly Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $30,000 at 9% each January 1 beginning in 2004. What will be the balance in the fund, within $10, on January 1, 2009 ( one year after the last deposit)? The following 9% Interest factors may be used. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 4 periods 3.2397 4.5731 5 periods 3.8897 5.9847 6 periods 4.4859 7.5233 a. $195,699 b. $179,541 c. $163,500 d. $150,000 Ques. 26) Your uncle promises to give you $550 per quarter for the next five years starting today. How much is his promise worth right now if the interest rate is 8% compounded quarterly? a. $9,173.14 b. $13,363.57 c. $13,630.84 d. $8,993.27 Ques. 27) Your bank account pays a 6% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT? a. The periodic rate of interest is 1.5% and the effective rate of interest is 3%. b. The periodic rate of interest is 6% and the effective rate of interest is greater than 6%. c. The periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. d. The periodic rate of interest is 3% and the effective rate of interest is 6%. e. The periodic rate of interest is 6% and the effective rate of interest is also 6%. Ques. 28) Suppose an ExxonMobil Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond worth today? a. $2,819.52 b. $2,967.92 c. $3,116.31 d. $3,272.13 e. $3,435.74 Ques. 29) You want to go to Europe 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? a. $18,369 b. $19,287 c. $20,251 d. $21,264 e. $22,327 Ques. 30) A portfolio with a level of systematic risk the same as that of the market has a beta that is: a. equal to zero b. equal to one c. less than the beta of the risk-free asset d. less than zero Ques. 31) The expected return on KarolCo. stock is 16.5 percent. If the risk-free rate is 5 percent and the beta of KarolCo is 2.3, then what is the risk premium on the market assuming CAPM is true? a. 2.5% b. 5.0% c. 7.5% d. 10.0% Ques. 32) Using the above information, what is the rate of return on the market? a. 2.5% b. 5.0% c. 7.5% d. 10.0% Ques. 33) The expected return for Stock Z is 30 percent. If we know the following information about Stock Z: Return Probability Poor 0.2 0.25 Lukewarm ? 0.5 Dynamite! 0.4 0.25 What return will stock Z produce in the Lukewarm state of the world? A) 20% B) 30% C) 40% D) It is impossible to determine. Ques. 34) The risks that diversification cannot eliminate are: a. Interest rate risk. b. risk due to a recession. c. inflation risk. d. systematic risk. e. all of the above Ques. 35) Kevin purchased a stock a year ago that pays a dividend. He has earned a 50%. The stock was purchased for $16 and is now worth $21. What is the amount of dividends received during the year? a. $5 b. $4 c. $3 d. $2 Ques. 36) John is investing in the S&P 500. His expected return on the S&P 500 is 10% with a standard deviation of 4%. If John is investing $200,000, then what is the dollar range of returns that John can have with 90 percent confidence at the end of the year? a. $212,000 - $228,000 b. $206,840 - $233,160 c. $204,320 - $235,680 d. $199,400 - $240,600 Ques. 37) Microsoft?s beta is 1. The risk free rate of return is 2%. If the expected return on the market is 12 percent, then the expected return on Microsoft is: a. 12 percent b. 15 percent c. 8 percent d. 10 percent Ques. 38) What is the relationship between present value and future value interest factors? A. The present value and future value factors are equal to each other. B. The present value factor is the exponent of the future value factor. C. The future value factor is the exponent of the present value factor. D. The factors are reciprocals of each other. E. There is no relationship between these two factors. Ques. 39) An investment that costs $50,000 will return $15,000 operating cash flows per year for five years. Determine the net present value of the investment if the required rate of return is 14 percent. Should the investment be undertaken? ( Your answer might be slightly different due to rounding. Select the best answer from those available.) A. Yes, the profit is $25,000. B. No, the accounting return is less than 14%. C. No, the net present value is negative at $11,045. D. Yes, the net present value is positive at $1,496.50. Ques. 40) What is the net present value of a project with the following cash flows if the required rate of return is 15 percent? Year Cash Flow 0 -$42,398 1 13,407 2 21,219 3 17,800 A. -$1,574.41 B. -$1,208.19 C. -$842.12 D. -$2,991.34 E. $1,311.16,Thank you! Will you email me with the answers and then should I accept, I'm not sure how it works.,I downloaded the answer sheet but the questions and answers are not what I asked for, they are a different set of questions altogether. Please help with this question.
Question 4
Garcia's inventory increased during the year. On the basis of this information, income reported under absorption costing: Answer will be the same as that reported under variable costing. will be higher than that reported under variable costing. will be lower than that reported under variable costing. will differ from that reported under variable costing, the direction of which cannot be determined from the information given. will be less than that reported in the previous period. Which of the following product-costing systems is/are required for tax purposes? Answer Absorption costing. Variable costing. Throughput costing. Either absorption or variable costing. Either absorption, variable costing, or throughput costing. Which of the following situations would cause variable-costing income to be higher than absorption-costing income? Answer Units sold equaled 39,000 and units produced equaled 42,000. Units sold and units produced were both 42,000. Units sold equaled 55,000 and units produced equaled 49,000. Sales prices decreased by $7 per unit during the accounting period. Selling expenses increased by 10% during the accounting period. Which of the following formulas can often reconcile the difference between absorption- and variable-costing income? Answer Change in inventory units ? predetermined variable-overhead rate per unit. Change in inventory units ? predetermined variable-overhead rate per unit. Change in inventory units ? predetermined fixed-overhead rate per unit. Change in inventory units ? predetermined fixed-overhead rate per unit. (Absorption-costing income - variable-costing income) ? fixed-overhead rate per unit. Which of the following conditions would cause absorption-costing income to be lower than variable-costing income? Answer Units sold exceeded units produced. Units sold equaled units produced. Units sold were less than units produced. Sales prices decreased. Selling expenses increased. Gourmet Restaurants has the following flexible-budget formula: Y = $13PH + $450,000 where PH is defined as process hours. Which of the following statements is (are) true? Answer Gourmet has $450,000 of fixed costs. Each additional hour of process time is expected to cost Gourmet $13. Y would equal the amount shown as "total cost" in the company's flexible budget. Choices "A" and "B" are true. Choices "A," "B," and "C" are true. Darling Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 12,000 Actual fixed overhead incurred: $730,000 Actual machine hours worked: 60,000 Budgeted fixed overhead: $720,000 Planned level of machine-hour activity: 50,000 If Darling estimates four hours to manufacture a completed unit, the company's standard fixed overhead rate per machine hour would be: Answer $12.00. $14.40. $14.60. $15.00. some other amount. The budget variance arises from a comparison of: Answer budgeted fixed overhead expenditures with budgeted fixed overhead costs. actual fixed overhead costs with budgeted fixed overhead costs. actual variable overhead expenditures with budgeted variable overhead costs. variable overhead costs with budgeted fixed overhead costs. static-budget amounts with flexible-budget amounts. Smithville uses labor hours to apply variable overhead to production. If the company's workers were very inefficient during the period, which of the following statements would be true about the variable-overhead efficiency variance? Answer The variance would be favorable. The variance would be unfavorable. The nature of the variance (favorable or unfavorable) would be unknown based on the facts presented. The variance would be the same amount as the labor efficiency variance. None of these. The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $2.50 per square foot Direct material purchased: 30,000 square feet at $2.60 per square foot Direct material consumed: 29,200 square feet Manufacturing activity: 9,600 units completed Assume that the company computes variances at the earliest point in time. The direct-material price variance is: Answer $2,880U. $2,920F. $2,920U. $3,000F. $3,000U. Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's sole product. According the production specifications, each completed unit requires five pounds of direct material at a standard cost of $7.80 per pound. Direct materials consumed by the end of the period totaled 53,500 pounds in the manufacture of 10,900 finished units. An examination of Taylor's payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour. Assume that the company computes variances at the earliest point in time. Taylor's direct-material price variance was: Answer $16,050F. $16,050U. $16,800F. $16,800U. None of these. Consider the following statements: I. Behavioral scientists find that perfection standards often discourage employees and result in low worker morale. II. Practical standards are also known as attainable standards. III. Practical standards incorporate a certain amount of inefficiency such as that caused by an occasional machine breakdown. Which of the above statements is (are) true? Answer I only. II only. III only. II and III. I, II, and III. Lead indicators guide management to: Answer take actions now that will have positive effects on organizational performance now. take actions now that will have positive effects on organizational performance in the future. take actions in the future that will have positive effects on organizational performance now. take actions in the past that will have positive effects on organizational performance in the future. pursue identical strategies as those implemented with lag indicators. Newbill Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $456,000. If the standard labor cost per hour is $19.20, Newhart's labor rate variance is: Answer $1,920U. $1,920F. $4,800U. $4,800F. None of these. In the calculation of manufacturing cycle efficiency, which of the following activities results in value-added time? Answer Moving. Processing. Inspection. Waiting. All of these. Generally speaking, budgets are not used to: Answer identify a company's most profitable products. evaluate performance. create a plan of action. assist in the control of profit and operations. facilitate communication and coordinate activities. Coleman, Inc. anticipates sales of 50,000 units, 48,000 units, and 51,000 units in July, August, and September, respectively. Company policy is to maintain an ending finished-goods inventory equal to 40% of the following month's sales. On the basis of this information, how many units would the company plan to produce in July? Answer 46,800. 49,200. 49,800. 52,200. Some other amount. Which of the following statements about financial planning models (FPMs) is (are) false? Answer FPMs express a company's financial and operating relationships in mathematical terms. FPMs allow a user to explore the impact of changes in variables. FPMs are commonly known as "what-if" models. FPMs have become less popular in recent years because of computers and spreadsheets. Statements "C" and "D" are both false. A company's plan for the issuance of stock or incurrence of debt is commonly called a: Answer pro-forma budget. master budget. financial budget. profit plan. capital budget An organization's budgets will often be prepared to cover: Answer one month. one quarter. one year. periods longer than one year. All of these. Sainte Claire Corporation has a highly automated production facility. Which of the following correctly shows the two factors that would likely have the most direct influence on the company's manufacturing overhead budget? Answer Sales volume and labor hours. Contribution margin and cash payments. Production volume and management judgment. Labor hours and management judgment. Management judgment and indirect labor cost.
Question 5
"Shown below are selected data from the balance sheet of Certain Value Hardware, a small retail store (dollar amounts are in thousands): Cash $ 40 Accounts receivable 200 Inventory 390 Total assets 900 Current liabilities 300 Non-current liabilities 240 From this information, compute the (a) acid test ratio (b) the current ratio (c) the working capital (in thousands) Shown below are selected data from the financial statements of Beck Intelligent Systems (dollar amounts are in millions, except for the per-share data). Income statement data: Net sales $4,000 Cost of goods sold 1,800 Operating expenses 1,400 Net income 600 Balance sheet data: Average total equity 3,000 Average total assets 5,000 Per share data (these amounts stated in actual dollars, not millions): Beck Intelligent Systems reported earnings per share for the year of $2 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Beck Intelligent Systems? capital stock as trading at $100 per share. From this information, compute the: (d) Gross margin ratio (e) Return on total assets (f) Return on equity (g) Price/earnings ratio at year end Given below are comparative balance sheets and an income statement for Ringer Corporation Ringer Corporation Balance Sheets - 2011 Dec. 31 Jan. 1 Ringer Corporation Income Statement for 2011 Cash $ 15,000 $ 14,000 Sales $205,000 Accounts receivable 45,000 37,000 Cost of goods sold (117,250) Inventory 32,000 35,000 Gross profit on sales $ 87,750 Equipment (net) 55,000 65,000 Operating expenses (57,950) $147,000 $151,000 Operating income $ 29,800 Accounts payable 25,000 28,000 Interest expense and income taxes (6,225) Dividends payable 8,000 4,000 Net income $ 23,575 Long-term note payable 14,000 14,000 Capital stock, $5 par 70,000 70,000 Retained earnings 30,000 35,000 $147,000 $151,000 All sales were made on account. Cash dividends declared during the year totaled $28,575. From this information, compute the: (h) Accounts receivable turnover (i) Inventory turnover (j) Debt ratio rounded to the nearest percent (k) Earnings per share (l) Return on common stockholders? equity,Thanks
