CAS LF 211 Study Guide - Midterm Guide: Tenuis Consonant, English Language In England, Chapter 27

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19 Nov 2017

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Consonants do not differ dramatically in french and in english. Pronunciation differences: the french difference is based on voiced as opposed to unvoiced consonants. The english (and cantonese) difference is based on aspiration. Cantonese does not differentiate between unvoiced & voiced consonants. Beware of the letter j pronounced as in the word measure (as opposed to. L (only one articulation in french) look not cool. R exists in cantonese but not in english. Pas - bas: tout - doux, fou - vous, cas - gars, cou - go t, chou - joue.

Related Questions

1.Pension benefits represent deferredcompensation for current service.

A) True
B) False

2.Pension costs are recognized on an accrualbasis over the years employees earn pension benefits.

A) True
B) False

3.Almost all new pension plans pay definedbenefits.

A) True
B) False

4.Defined contribution plans require employersto make fixed payments to but not from a pension fund.

A) True
B) False

5.Defined contribution retirement benefits paidto retired employees dependend on how well the pension planactaully performs.

A) True
B) False

6.In chapter 17, our text's authors seem tosuggest that actual results rarely differ from actuarialestimates.

A) True
B) False

7.US GAAP requires that corporations reportboth pension plan assets and liabilities on their balancesheets.

A) True
B) False

8.Our text indicates that actuarial estimatesof projected benefits may be more reliable than actuartialestimates of accumulated benefits.

A) True
B) False

9. In Illustraton 17-6A on page 1005,retirement benefits have been discounted at 6%.

A) True
B) False

Retroactive changes to the way pension benefits are determeinedcan result in prior service costs.

A) True
B) False

11.

When calculating the present value of retirement benefits, lowerdiscount rates reduce PBO estimates.

A) True
B) False

12.

Retriement benefits paid to employees always reduce projectedbenefit obligations.

A) True
B) False

13. In chapter 17, our authors suggest thattoday, it's very unusual for pension plans to be underfunded.

A) True
B) False

14. A company's PBO is reported as a separatelibilitiy on its balance sheet.

A) True
B) False

15. Pension expense calculatons are made usingexpected returns on plan assets.

A) True
B) False

16. Prior service costs are amortized overtime, not immediately expensed when incurred.

A) True
B) False

17. Gains or losses arise whenever the PBO orreturn on plan assets turn out to be different than expected.

A) True
B) False

18. Amortizing net gains would will makepension expense calculations grow larger.

A) True
B) False

19. Amortized gains and losses are reclassifiedfrom OIC to net income.

A) True
B) False

20. Service and interest costs increase PBOcalculation.

A) True
B) False

21. Under International Financial ReportingStandards (IFRS) OCI gains and losses are not amortized butaccumulate.

A) True
B) False

22. Given an actual return on plan assets of$30 and a gain on plan assets of $3, expected return on plan assetswould be $27.

A) True
B) False

23. Given a beginning PBO of $400 and adiscount rate of 6%, interest cost would be $24.

A) True
B) False

24. Analysis of exercise 17-8 on page 1043indicates Sterling Properties earned a $9,000 gain on plan assetsin 2016.

A) True
B) False

25. The actual return on plan assets Abbot andAbbot earned in exercise 17-10 was less than their expectedreturn.

A) True
B) False

26. Fahy Transportation's pension expense wouldinclude an interest cost of $51.1 million in exercise 17-7.

A) True
B) False

27. In CPA Exam Question 1 on page 1050, WolfInc. would report a net pension liability of $85,000 on its balancesheet.

A) True
B) False

28. The correct answer to CPA Exam Question 8on page 1051 is letter c.

A) True
B) False

29. Analysis of Judgment Case 17-3 on page 1061indicates LDG Consulting's pension is overfunded by $405,000 at theend of 2016.

A) True
B) False

30. After studying chapter 17, it would bereasonable to conclude athat GM would account for its pension planamendment in Real World Case 17-9 on page 1063 as a prior servicecost.

A) True
B) False0

PROBLEM SET ONE -2 - PRICE-ELASTICITY OF DEMAND

	P₁	P₂	Q_D1	Q_D2	I	II	III	IV	V
1	1	2	10	5
2	5	3	40	90
3	12	20	200	200
4	3	2	9	9
5	0.40	1.40	30	15
6	1.2	4.0	20	15
7	7.5	4.6	40	30
8	5	5.000â¦01	1x10⁶	0
9	5	4.9999â¦.	10	1x10⁹
10	6	12	12	6
11	18	36	360	180
12	7	15	24	16
13	7	16	78	78
14	25	65	150	100
15	65	91	1300	780
16	4	5	21	11
17	8	4	30	54
18	140	275	625	495
19	78	91	780	780
20	91	78	780	780

Column I - determine the Price-Elasticity of Demand Coefficient. Find material in Chapter 6 and the Powerpoint of Elasticity Chap 004 19e.ppt

change in quantity demanded change in price

E_D = ---------------------------------------- â ----------------------------

sum of quantities demanded / 2 sum of prices / 2

The data in the first four columns represent price (P) and quantity demanded (Qd) in time 1 (before change in price) and time 2 (after change in price). Note that results should be expressed in absolute terms (see paragraph Elimination of Minus Sign). For example, -1 should be expressed as â1â.

Column II â Based on topic concerning Interpretations of E_D, indicate which applies based on how the quantity demanded changed subsequent to a change in price (elastic, inelastic, etc.)

Column III - you need to determine if the good in question would be considered a necessity, a luxury or neither.

Column IV â Indicate, in monetary terms, how much is the change in total revenue or total expenditure (TR = P X Q_D), from the first price level to the second.

Column V - the direction of the change, also in monetary terms, that is, increasing or decreasing, and by how much? (show a + sign for increasing and a â sign for decreasing).

Note: for any monetary result please include the applicable currency symbol ($, â¬, etc.)

salmoneagle868

Acct 510 - MN CAFR Independent Assignment Page 1

Chapter 18 Lab => Government Accounting - MN Comprehensive Annual

Financial Report (CAFR)

Note: The MN CAFR is available online in the state of MN website (www.finance.state.mn.us).

NOTE: If you are not sure if you are interpreting a question correctlyâ¦just note your assumption.

Introduction Section

Transmittal Letter

1. What basis of accounting is this system maintained?

State Principal Officials

1. List the following:

a. Governor â

b. Attorney General â

c. State Auditor â

d. Chief Justice of the MN Supreme Court -

Financial Section

Management Discussion and Analysis (MD&A)

1. List the government wide financial statements.

2. List the three types of government activities broken down in the government wide financial

statements.

3. What type of activity would Metropolitan State University considered?

4. List the stateâs top three component units.

5. The stateâs funds are separated into three types of funds;

a. List the three fund types.

b. What fund is Metropolitan State University a part?

6. Explain in your own words the difference between Budgetary Basis vs. GAAP?

Basic Financial Statements

1. What % of Total Assets do Cash and Cash Equivalents (unrestricted) represent?

2. Why would the state of MN carry such a high % of cash and cash equivalents?

3. What is the amount of General Obligation Bonds Payable?

Acct 510 - MN CAFR Independent Assignment Page 2

a. Current

b. Noncurrent

c. Total

4. In descending order, list the five largest âGeneral Revenueâ sources and the dollar amounts

(exclude âOther Taxesâ from your list). Hint: All are found in the tax section.

5. What is the difference between Program Revenues and General Revenues?

6. List the three largest net expenditures for the state; in the following format.

Description Expense Revenue Total Net Expenditure

1st

2nd

3rd

7. Compare Net Assets of Governmental Activities to the Total Fund Balance for Governmental

Funds.

a. What is the total difference?

b. List the largest asset and the largest liability driving this difference. Why do these

differences exist? Be specific (provide examples) in your explanation for the

difference.

c. Explain in your own words why there is a $ revenue difference.

8. Compare the Change in Net Assets of Governmental Activities to the Net Change in Fund

Balances for Governmental Funds.

a. What is the total difference?

b. List and explain the three largest reconciling differences.

9. How does the University of Minnesota compare to the State Colleges and Universities from

a financial perspective?

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CAS LF 211 Study Guide - Midterm Guide: Tenuis Consonant, English Language In England, Chapter 27

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