CITC04H3 Study Guide - Midterm Guide: New Left Review, Kingsley Davis, Urban Revolution

190 views2 pages

lavenderwalrus393

24 Oct 2020

School

Department

Course

Professor

For unlimited access to Study Guides, a Grade+ subscription is required.

Document Summary

Please log on to quercus and come into the bb collaborate classroom no later than 9:10 am on october 22. Being in the classroom will allow you to ask questions. Online exam on quercus: the exam including the exam questions will become available at. 9:15am sharp in the assignments section on quercus. We recommend you compose your answers in word or a similar software. Make sure you save your drafts regularly (we recommend every 1-2 minutes). To submit the exam, please cut and paste your answers directly into the text entry box in the assignment section on quercus. It is important, though, that you answer the questions using your own words: please do not copy directly from the slides or the readings. It is also important that each student submits a unique answer. It is okay to study together but make sure you write each answer yourself.

Related Questions

NON-EXCEL help on Growing Annuity Problem

In this problem, we will assume all cash flows occur at theBEGINNING OF THE PERIOD (Annuity Due). Therefore,you need to set the calculator to BEGIN. You maywant to review the Lecture Video on Growing Annuity for help inworking the exam.

Problem:
Assume you are 32 years old and plan to retire in 35 years at age67. You are currently earning $75,000/year and expect averageannual salary increases of 4.0%/year over the next 35 years. Youhave $0 saved for retirement.

You are trying to determine how much money to save (invest) eachyear in your 401(k) Plan to fund your retirement in order to payyourself 70% of your final salary each year (that increases withinflation). [Remember this is an Annuity Due, so your first annualinvestment is made in Year 0â¦.and your final payment is in Year34.] You plan to maintain an investment as a percent of yoursalary, which simply means your payment into the 401(k) will alsoincrease by 4.0% per year as your salary increases 4.0% eachyear.

You believe that you can earn 8.0%/year over the next 35 yearswhile saving for retirement.

Once you retire, you have a life expectancy of 25 years. Youplan to be more conservative in your investments and expect to earnonly 5.0%/year on your investments over the 25 years while inretirement. You also want to maintain your purchasing power byincreasing your âannual retirement payâ by the expected inflationrate of 3.0% each year. [Remember, your first withdrawal will bemade in Year 0 of retirement (i.e., Year 35 on the timeline.]Assume that after you withdraw the 25th payment, you will have $0left in the account.

Instructions:
- SET CALCULATOR TO âBEGINâ!
- Set up and show your Timeline with payments. You MUST âshow yourworkâ in order to get partial credit.
- For this Exam it would be better to handwork the problem and saveas a pdf before submitting.
- BOX in all your ANSWERS!
- You may round all answers to the dollar throughout theproblem.
- Carry your adjusted interest rates out to 6 decimal places toreduce rounding errors.

Questions: [NOTE: there are obviously many steps to get to theseanswersâ¦scoring is below.]
1. What is your final yearâs salary?
What is 70% of your salary? [Round to the dollar.]

2. How much will you need in your 401(k) at retirement in orderto âpay yourselfâ 70% of your final yearâs salary,
AND have that payment to yourself increase at 3.0% each year tomaintain purchasing power?

3. How much do you need to contribute each year (i.e., save,invest) over the next 35 years in order to fund your retirement.Remember, payment into the 401(k) is increasing by 4.0% eachyear.

Scoring (Do not use Excel):

1. Readability of your Exam. Is it organized, do you show allwork, are your answers BOXED in, etc. (10 points)
2. Correctly work problem as an Annuity Due (10 points)
3. Calculate the FV of salary and 70% of salary as first withdrawalfrom your 401(k) in retirement. (15 points)
4. Do you show a Timeline and is it labeled properly? (15points)
5. Calculate adjusted interest rate for Retirement Annuity section.(10 points)
6. Calculate the PVA for the Retirement Annuity. (10 points)
7. Calculate the adjusted interest rate for the saving/investingsection of problem. (10 points)
8. Calculate the adjusted FVA correctly that is used to determineamount to save each year. (10 points)
9. Calculate the amount you need to save each year; where paymentincreases as salary increases. (10 points)

coffeeyak686

1. Identify the ethical issue within the scenario.

You will identify the ethical issue presented in the scenario.Explain in detail why the ethical issue exists and rules thatgovern the handling of the situation. You must use at least twocredible outside source that supports your assertion regarding theethical dilemma.

2. Answer each of the following questions: ï· Who will potentiallybe harmed? ï· Who will potentially benefit? ï· What (ifany) rights or claims will be violated?

In this section of your answer, you need to address thestakeholders involved in the situation. Then, you need to providean explanation of how those stakeholders will be affected. When youdiscuss who might be harmed by the situation, fully explain howthey will be harmed. When you discuss who will potentially benefit,also share in detail how they will benefit. When you discuss theviolation of rights and/or claims, give details about those rightsand/or claims and why the ethical issue will impact those rightsand/or claims.

3. Discuss your responsibility and obligations as an accountingprofessional.

In the concluding paragraph, discuss how the matter should behandled based on your responsibilities and obligations, as well asyour ethical convictions. Describe in detail why you would chooseto deal with the ethical issue in this manner, from the standpointof responsibility as an accounting professional and from an ethicalstandpoint.

For each scenario, you will create a document that answers each ofthe three requirements presented. You should format your documentusing Times New Roman 12 point font with 1â margins on all sides.Please double space your document. You must use correct APAformatting for all citations and include a separate Works Citedpage for each of the ethical scenarios. Any form of plagiarism withresult in a 0 for the entire Capstone Project and you will receivean F as your final grade in the course.

I would suggest separating each of the three requirements into 3different paragraphs. The key to doing well on this section isproviding detail. While you are only required to provide one pageof written material by the assignment instructions, please notethat you will be graded on content and fully answering (in detail)the three numbered requirements.

Scenario #1:

You are employed as an auditor at a CPA firm. One of your clientsis Camp Enterprises, a company who has become quite successful overthe past 4 years. Increases in earnings have averaged around 15%each year. The corporation is planning on a public offering ofstock in January 2016, which in turn would cause a sizeableincrease in fees for your employer. Furthermore, the additionalfinancing would fund an expansion that would bring new jobs for thecommunity, which would help to stimulate the local economy, andallow the company to diversify their products.

On October 31, 2015, as you are working on the audit for the fiscalyear ending June 30, 2015, an issue comes to your attention thatcould potentially have an effect on the significant increase inearnings for the fiscal year. A very large orderwas slated to be shipped FOB Shipping Point to Coral Creations onJuly
14, 2015. The order was completed and stored in the warehouse butwas not segregated. Management included the selling price andrelated expenses in the net income for the fiscal year ending June30, 2015. If the issue is handled in a way thatdecreases net income, Camp Enterprisesâ net income will be lowerthan the amount reported last year.

Scenario #2:

It is July 3, 2015, and you have just been hired on as a staffaccountant at Pace Corporation. You have been tasked on creatingthe financial statements for the 2nd quarter of the fiscal year,and as you create the balance sheet, you notice an account calledMiscellaneous Equipment in the amount of $395,000. This is arelatively large account balance compared to the other fixed assetaccounts, and you are a bit unsure how to classify the account forreporting purposes, since you havenât even found a depreciationschedule for the account.

In order to get more information, you go to the Controller, ScottSmith, and ask about the account. He replies, âThat account needsto be included under Property, Plant & Equipment. Because ourbusiness is cyclical, and we always show higher profits in thethird and fourth quarters of the year, we put all of our equipmentrepair expenses in that account and then expense them off when wehave more revenue to offset it in the last two quarters of theyear. This keeps us from having to show losses in the first andsecond quarters of the year, and makes all of our quarterly reportslook good. It really doesnât matter because our yearly totals areall the same regardless of how we report repair expenses in each ofthe quarters. Weâve done it this way for years, and that is how Iwant you to report it.â

limeleopard598

AEC 316 - Agricultural Marketing
Homework Assignment 2: Chapter 2

Name:____________________ Date:____________________

Multiple choice questions.

There is only one correct answer in multiple choice questions. Please, mark the correct

answer. Each multiple choice question is worth 5 points.

1. A perfectly competitive firmâs demand curve equals its:

Marginal cost curve

Average variable cost curve

Average fixed cost curve

Average revenue curve

None of the above

2. A perfectly competitive firm maximizes profits by setting price equal to:

a. Marginal cost

b. Marginal revenue

c. Average revenue

d. Average total cost

e. Average variable cost

3. In order for a monopoly to continue to be a monopoly:

a. The marginal revenue curve must be downward sloping

b. There must be no close substitutes

c. Marginal revenue must equal marginal costs

d. Average total costs must be decreasing

e. None of the above

4. Marketing strategy which involves dividing a broad target market into subsets of consumers who have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them.

a. Brand name

b. Minor ingredients

c. Market segmentation

d. Product features

e. Packaging

5. What characteristic is indicative of oligopolies?

Low profits

Interdependence of firms

Many firms

Entry is blocked

None of the above

6. At an equilibrium price:

a.The self-interest of consumers is maximized

b.Supply equals demand

c.There is an upward pressure on price

d.There is a downward pressure on price

None of the above

7. When both supply and demand increase, equilibrium quantity will:

a.Decrease

b.Increase

Stay the same

Canât say

None of the above

8. Elasticity is a concept that deals with:

a.Market structure

b.Market equilibrium

c.Perfect competition

d.Consumer and producer sensitivity to changes in prices and income

None of the above

9. A set of competing firms producing similar products or a commodity in a market is called a(n) ___ .

a.Branch

b.Competition

c.Channel

Industry

None of the above

10. A market structure where there is only one buyer of a specific product is called:

a.Monopsony

b.Monopoly

c.Oligopsony

Monopsonistic competition

None of the above

Essay question: 50 points

11. Use the agricultural commodity that you selected in Chapter 1 and choose one agribusiness that buys it. Investigate the agribusiness using the Internet and other resources, and then write an essay addressing all or as many as possible of the following aspects of the agribusiness:

Size

Sales

Scope of product line

Worth (if public)

Number of employees

Locations globally

Market structure

Industry sector

All your answers/discussion should be typed in one essay that is at least 15 lines long (using formal English, correct paragraph and sentence structure, and making sure your ideas flow well from one sentence to another) using Times New Roman, 12 point, double space and 1-inch margins all around. Before submitting the final essay, use the âSpelling & Grammarâ function of the MS Word to correct grammar.

At the end of your essay, provide the full citation record in alphabetical order in your list of references. For examples, visit: http://www.saea.org/wp-content/uploads/2013/08/reference-style-sheet.pdf. Please, note that the list of references does not count toward the minimum required 15 lines. Include your references in the text as â(Smith, 2015)â when citing at the end of a sentence, or âAccording to Smith (2015)â when citing at the beginning of a sentence. For example,

Negative publicity is a key determinant affecting consumersâ buying decisions (Ahluwalia, Burnkrant, and Unnava, 2000).

According to Cawley and Rizzo (2005), pharmaceutical products in the same therapeutic class experienced negative spillover in terms of lost sales.

Note: Most of the future essay questions will build on this essay question and/or the one agricultural commodity that you choose. This means that if there is little information on the agricultural commodity that you have chosen for this essay question, you should consider choosing a more common agricultural commodity on which ample information is available. In addition, this course will require you to compile all your answers to the essay questions into one term paper to be submitted by the end of the course. This means that the more effort you put into answering essay questions now, the more material you will have accumulated for your term paper by the end of the semester.

TYPE YOUR ANSWER TO THE ESSAY QUESTION 11 BELOW USING AS MUCH SPACE AS YOU NEED. THEN, PRINT THE HOMEWORK ASSIGNMENT AND SUBMIT THE HARD COPY.

CITC04H3 Study Guide - Midterm Guide: New Left Review, Kingsley Davis, Urban Revolution

Document Summary

Get access

Related Documents

CITC04H3 Lecture Notes - Grey Literature, Allen Road, United Nations Human Settlements Programme

POL S 7 Study Guide - Midterm Guide: Deliberative Democracy

GS231 Study Guide - Final Guide: Canadian Dimension, Social Reproduction, Fantastic Universe

Related Questions