Econ 301 Intermediate Macroeconomics, Professor Kornilov, Park University Online,
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Final Test (Weight 300 Points) STUDENT NAME _
Multiple choice Questions. (Weight 5 points each) Choose the best answer.
1) Generally, the higher the lev
1) The unemployment rate is the number of persons unemployed (jobless individuals who are actively looking for work or are on temporary layoff) divided by the
total of those employed and unemployed, (Pg 3).
The unemployment rate is the number of
A) jobles
ASSIGNMENT
Exercise 2-7 (Assumptions, Principles, and Constraints)
Presented below are the assumptions, principles and constraints used in this chapter
1) Economic entity assumption
3) Monetary unit assumption
5) Historical-cost principle
7) Full disclosu
1.
Question :
Student Answer:
Sam Hurd Company has the following items: common stock, $720,000;
treasury stock, $85,000; deferred taxes, $100,000; retained earnings,
$313,000. What total amount should Sam Hurd Company report as
stockholders equity?
$848,0
NAME: Alisha McNeal
Submit your answers in the Dropbox or fax them. You may discuss concepts in the Q&A
thread and where to find answers but do not give specific answers to specific questions.
1. (7 points) How are presidential election outcomes related t
5. What is offshoring of white collar service jobs, and how does it relate to international
trade? Why has it recently increased? Why do you think more than half of all offshored
jobs have gone to India? Give an example of how offshoring can eliminate som
EC301 Open-Book Midterm Exam (Weight 160 points) NAME: _
Submit your answers in the Dropbox or fax them. You may discuss concepts in the Q&A
thread and where to find answers but do not give specific answers to specific questions.
1. (10 points) How are pr
Chapter 11
Q1)The money markets can be characterized as having securities that trade in one year or less,
are of large denomination, and are very liquid.
Q12)Federal funds are sold by banks to other banks. They are used to invest excess reserves
and to ra
CHAPTER 17
Q2 No, because bank president is not managing bank well. Since the bank has never incurred
costs as result of deposit outflow means the bank is holding a lot of reserves, earning no
interest. Profits are low, hence would not but stock.
Q12ROE w
Chapter 3
3)
Years to Maturity
3
3
3
6
9
9
Yield to Maturity
5%
7%
9%
7%
5%
9%
Current Price
1,054.46
1,000.00
949.37
1,000.00
1,142.16
880.10
When the coupon rate is equal to the yield to maturity then the current bond price is equal to the bonds
face va
Alisha McNeal
Chapter 23
WE1) Creditworthiness is a measure of your reliability to repay a loan. Lenders judge your
creditworthiness on three factors 3Cs:
Factor 1: Character-is a measure of your sense of financial responsibility
Factor 2: Capacity-Is a m
Chapter 1
2) With increase in the interest rates the investment, spending and saving decision of the consumer
changes. It will make savings more attractive than borrowing as borrowing will attract more interest, and
the consumer will need to pay off more
Chapter 11
Q1) The money markets can be characterized as having securities that trade in one year or
less, are of large denomination, and are very liquid.
Q12) Federal funds are sold by banks to other banks. They are used to invest excess reserves
and to
Chapter 9
5)The Board of Governors sets reserve requirements and the discount rate; the FOMC directs
open market operations. In practice, however, the FOMC helps make decisions about reserve
requirements and the discount rate.
12)Eliminating the Feds inde
Chapter 7
3) No. Asymmetric information is the inability of knowing the borrowers exact intentions. A) Whether its
adverse selection (Before transaction) where crooks try to take out loans and never repay. Or B) whether
its moral hazard (After Transaction
Alisha McNeal
Chapter 1
2) The board of directors and senior management are responsible for ensuring that the
institution's system of internal controls operates effectively. Bonus is paid to individuals to
increase the morale and to encourage employees to
Alisha McNeal
Chapter 2
2)
a) Google will likely grow more than GM, which is stable. Higher P/E usually indicates
higher growth in the future.
b) A high debt-to-equity ratio implies that a company has been aggressively financing its
growth with debt. I th
Financial Leverage is the third and final component of Return on Equity. Financial
Leverage is a measure of how much we use equity and debt to finance our assets. As debt
increases, we financial leverage increases. Generally, management tends to prefer eq
For JP Morgan Chase, in response to recent market and economic conditions, the United States
government, particularly the U.S. Department of the Treasury (the U.S. Treasury), the Board of
Governors of the Federal Reserve System (the Federal Reserve) and t
FI 415
Week 1 Homework Solutions
2) Management is either dumb or thinks its board is. Earning $100 million on a $3 billion equity
investment is a return of less than 4 percent, a figure well below any reasonable cost of equity.
As a board member, I would
The process of attempting to predict the future condition of the economy. This involves
the use of statistical models utilizing variables sometimes called indicators. Some of the most
well-known economic indicators include inflation and interest rates, GD
Alisha McNeal
Chapter 18
P18-1) The pesos has depreciated.
The percentage increase in one dollar is (9.4805-9.0395)/9.0395 = 4.88% .
The percentage decrease in one peso is (0.1055-0.1107)/0.1107=-4.7%.
P18-9 A) The law of one price does not hold and the g
(Multiple-step Statement with Retained Earnings) Presented below is information related
to Ivan Calderon Corp. for the year 2007.
Net sales
$1,300,000
Write-off of inventory due to obsolescence
$ 80,000
Cost of goods sold
780,000
Depreciation expense omit
ASSIGNMENT
Exercise 2-7 (Assumptions, Principles, and Constraints)
Presented below are the assumptions, principles and constraints used in this chapter
1) Economic entity assumption
3) Monetary unit assumption
5) Historical-cost principle
7) Full disclosu
A.
Cash flow Statement
Add: Net cash flows from financing activities
Company
A
$
150
$
(300)
$
(900)
$
1,200
Company
B
$
150
$
(300)
$
(30)
$
210
Company
C
$
150
$
300
$
(90)
$
(240)
Cash balance at the end of the year
$
150
$
30
$
120
Cash balance at the
1.
Question :
Student Answer:
Sam Hurd Company has the following items: common stock, $720,000;
treasury stock, $85,000; deferred taxes, $100,000; retained earnings,
$313,000. What total amount should Sam Hurd Company report as
stockholders equity?
$848,0
1
Financial Accounting and
Accounting Standards
CHAPTER LEARNING OBJECTIVES
1.
Identify the major financial statements and other means of financial reporting.
2.
3.
Explain how accounting assists in the efficient use of scarce resources.
Identify the obje
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