Case Study On Biomedical Ethics In The Christian Narrative

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Write a 1,200-1,500 word analysis of “Case Study: Healing and Autonomy.” In light of the readings, be sure to address the following questions:

  1. Under the Christian narrative and Christian vision, what sorts of issues are most pressing in this case study?
  2. Should the physician allow Mike to continue making decisions that seem to him to be irrational and harmful to James?
  3. According to the Christian narrative and the discussion of the issues of treatment refusal, patient autonomy, and organ donation in the topic readings, how might one analyze this case?
  4. According to the topic readings and lecture, how ought the Christian think about sickness and health? What should Mike as a Christian do? How should he reason about trusting God and treating James?

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

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    PHI-413V-RS-T3CaseStudy.docx

Case Study Analysis: Adulthood

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Case Study Analysis: Adulthood

For this assignment, you will complete an analysis of a case study that deals with one of the following stages of lifespan development: middle adulthood or later adulthood.

Select one of the following case studies from your Broderick and Blewitt textbook to complete an analysis of the developmental and contextual issues related to the selected case:

•David, page 554.

•Lupe, page 524.

Each of the case studies includes a set of questions that can guide your analysis of the pertinent issues for the particular case.

Expectations

Address the following in your case study analysis:

•Analyze lifespan development theories to determine the most appropriate theory or theories to apply to the case study.

•Apply the appropriate lifespan development theory to support an identified intervention process.

•Describe the potential impact of individual and cultural differences on development for the current age and context described in the case study.

•Write in a manner that is scholarly, professional, and consistent with expectations for graduate-level composition and expression.

Content

The case study analysis should be a maximum of 5 pages in length, including the introduction and conclusion, each of which should be approximately a half page in length. The body of the paper should not exceed 4 pages.

Provide the following content in your paper:

•An introduction that includes an overview of the paper contents, including a brief summary and background information regarding the case study.

•The body of the case study, including:

◦The presenting challenge or challenges and primary issue or issues.

◦The appropriate lifespan development theory and research-based alternatives that explain the presenting challenges.

◦The potential impact of individual and cultural differences on development for the current age and context described in the case study.

◦Evidence-based support from lifespan development theory and current scholarly research to support appropriate interventions.

•A conclusion that summarizes what was introduced in the body of the paper, with respect to the case study context, challenges, and interventions.

Requirements

Submit a professional document, in APA style, that includes the following required elements identified with headings and subheadings:

•Title page.

•Introduction (half page).

•Case study analysis (4 pages).

•Conclusion (half page).

•Reference page: Include a minimum of 5 scholarly resources from current peer-reviewed journals as references, in addition to referencing the textbook in which the case study is embedded.

•Font: Times New Roman, 12 point.

Resources

Website icon Case Study Analysis: Adulthood Scoring Guide.

Presentation icon APA Guide: The Title Page: Course Papers.

Website icon APA Style and Format.

PDF icon Professional Communications and Writing Guide.

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    CASESTUDY.docx

One Status, Three Takes

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Read the three statuses below and think of three different scenarios where the original status listed could be interpreted to mean something different.

For example, if the status update was, “Goodbye, cruel world!” it could be a reach out for help, a reference to pop culture (Pink Floyd album or several other songs), or someone being overly dramatic and silly. What it meant to the original poster depends on their situation and personality, and what it means to the reader varies as well. Be sure to consider biases and different social groups as you write.

For each of the statuses below, discuss each interpretation of the status. Your paper should be 2-3 pages in length.

  • Status 1: They’re always trying to keep me down!
  • Status 2: A very good day. I didn’t have to see any of the sickly, disgusting mites that live around here.
  • Status 3: I love my life!

Overview of Social Media Theories and Influences:

Cultivation theory looks at how we are subtly influenced over the course of time. For example, think about language. In your house, certain words might have been forbidden and you would be startled to hear them. But as you got older, you might hear them more and more at school, on the bus, at work, with your friends, etc. Suddenly, it wasn’t such a big deal. You may have even found those words slipping out of your own mouth!

For social media, cultivation theory could be applied to look at political views, religious views, shopping habits, and more. But let’s look at something a little different – biases. Our social media groups tend to reflect aspects of ourselves. Many of us have friends with views that we don’t wholeheartedly agree with. What if we read something from them, time-after-time, which was a little uncomfortable, like all of those xyz people are stupid?

If you read something to that effect over and over again, do you think it would affect how you think about xyz people? Even if you just say something in passing conversation, like “I’ve heard that xyz people are stupid.” What you read, especially over and over again, affects you and your beliefs.

Social learning theory describes the way we learn behaviors. We get encouragement and motivation to repeat a behavior when we are validated for it. Social learning theory can help us understand things like attraction. Pleasant attributes, like humor, make a person more attractive to us. When a date (significant other/spouse) says something funny, and we laugh, both sides of the interaction get pleasure out of it. Humor is likely to be something we both appreciate and share more of in the future.

To take this idea into the social media realm, let’s look at Facebook statuses. If a person posts something funny (pleasant, cute, etc.), people can give them a little “zing” of pleasure by “liking” their status. That “like” is the encouragement or motivation to repeat the behavior, or to post more. A comment (either positive or negative) is more interaction. Even something as simple as a “poke” could be interpreted as pleasant attention as well – someone is thinking of me!

If a person was posting and it hung out there in dead space with no interaction, they might be less likely to post something similar again. The person posting might find themselves waiting to update their status until they know more people are at their Facebook pages. People are remarkably good at figuring out the best and worst times to post.

Our social media sites and usage are shaped by us – but also by our audience! You know how concerned parents are about who their kids are hanging out with? It’s just as important online. Who we socialize with (and how we socialize with them) is important, both online and in-person, as we all mutually influence each other.

Agenda setting theory examines how social media can direct us where to focus our attention, but not what to think. In other words, if we see enough coverage of a topic, we will think it is an important topic and begin to think and research more about it. In this way, social media can drive what we are reading and viewing. It filters and shapes media, leading us to decide that what is often discussed is actually important – and it may not be something as important as another topic. This is where you may hear about “spinning” a story. If something else becomes a focus, that may become the important thing that everyone is talking about (leading to whatever needed to be spun being pushed to the side or perhaps even forgotten.)

Politics are a great example of agenda setting theory. What is the big issue people are talking about now? With our agenda set by social media, we are free to go off and learn more about it, but it might not be something of major importance. However, people tend to think about things they see or hear about and other (important) topics may be ignored. This is one way social media influences our learning.

An example is someone behaving poorly – say a politician who just raged on about bad driving gets pulled over for speeding. If it’s a slower news day, this may be big news. People would be likely to hear about it and maybe click on related links. If something else major came up (like someone else behaving even worse!), we might be less likely to direct our attention that way if others did the same.

Most researchers ask, “What does media do to people?” Instead, uses and gratification theory really turns around the question and asks, “What do people do to media?”

This theory says that we are active users of media, and that we determine what we want to read, watch, and/or consume social media content. So, we can play games online with friends to escape, or watch a YouTube video on something and then comment, or research our upcoming vacation using other people’s reviews and comments. Blogs represent a pervasive form of leisure activity and informational learning as well. What do you think you can tell about someone by looking at what blogs they read?

To take Uses and Gratification theory a bit farther, we can assume that any effects from consuming the media we choose are intended affects – or at least could be anticipated if we considered. For example, choosing to read a somewhat controversial blog would likely result in a lot of consideration and discussion of the topics from the blog. It might result in changing attitudes and learning new things as well.

Let’s think about this theory using something most (if not all) of us have: our cell phones. We use our cell phones to stay in touch with people, to call for help when needed, play a simple game, maybe even to make a fashion or technology statement. But add in a smart phone (which again, many of us have) and we have instant access to social media. People are taking more pictures, using different apps, and connecting in different ways – especially using social media tools. How often do we see people waiting in line, sitting on public transportation, or walking down the street while typing away on their phones?

With the proliferation of smart phones and other gadgets, we have instant and (nearly) constant connection with our friends and connections on social media. We can use our phone to seek many different gratifications: escape into a game, show off a beautiful project, seek approval of an outfit, research a political position, and more.

Schemas are ways we organize information to help us better understand it. Schemas are especially important as we talk about social media and biases.

A bias is a tendency or way of looking at feelings, ideas, and opinions. We rarely look at something unbiased, we are influenced by our experiences, attitudes, the kind of day we’ve been having, our friends, and even our social media. When you hear about someone having a bias, it usually refers to a slightly skewed way of thinking (not necessarily wrong), but influenced by what the person knows.

As we’re organizing information using schemas, our biases have a way of working into that process. For example, if you were thinking about people you would never want to hire; perhaps those “stupid xyz people” from our earlier example. You might not have heard of them before, or met anyone from that group, but if everything you have read or seen on social media leads you to believe they are “stupid,” then you are already biased.

Of course, we all have biases. The purpose here is to be aware of the lens through which these things come our way. We want to be open to experiencing another viewpoint, make our own decisions, and recognize biases.

Learning And Cognition Handbook

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The primary goal of the Learning and Cognition Handbook assignment is to integrate concepts from the discipline of learning and cognitive psychology into a usable and professional guide that is designed for a specific audience based on your career goals. The purpose of this handbook is to share helpful strategies and apply what you have learned from the course to six major topics in the field. You will incorporate your findings from required sources and the relevant sources you researched in the Week 2 Discipline-Based Literature Review, as well as those from the Week 3 Assignment: Choosing Your Focus.

To complete this assignment, you may utilize the Learning and Cognition Handbook templatePreview the document or create your own using the template as a guide. Your handbook should include the sections listed below, incorporating a minimum of one visual (e.g., table, figure, or image (Links to an external site.)Links to an external site.) with a maximum of five visuals per section. Each image must be retrieved and cited based on current copyright laws. You may wish to use the Where to Get Free ImagesPreview the document guide for assistance with accessing freely available public domain and/or Creative Commons licensed images.

Handbook Sections:

Table of Contents
List all sections and subsections included in the handbook with the applicable page numbers.

Preface (100 to 150 words)
Provide an overview of the handbook and its potential use by your chosen audience.

Introduction to the Major Topics (200 to 300 words)
Provide an introductory summary of the six topics listed below and discuss any careers in psychology specifically related to at least one of them: Career (Teacher)

  • Traditional learning theories: Operant and classical conditioning
  • Traditional learning theories: Behaviorism and social learning theory
  • Attention and memory
  • Decision-Making
  • Language acquisition
  • Organizational and lifelong learning

Describe how one or more of these areas may be connected to your future career goals. (Teacher)

Major Topics (1 to 2 pages for each major topic)
Communicate the extent to which the six major topics of learning and cognition affect related sub-topics by synthesizing the course learning principles and/or theories. Consider how these sub-topics may be related to your future career goals. For instance, if you intend to become an applied behavior analyst, behaviorism and related technique for learning may be directly connected to your future role. For each major topic, apply basic research methods and skeptical inquiry to explain the theoretical perspectives and empirical research that substantiate the relationship between the topic and at least two related sub-topics. In your review, consider how these topic and sub-topics are directly connected to evaluations and interventions in psychology practice in various fields. Focus on the areas most related to your future area of practice, paying particular attention to how theories are examined in research studies. The following are some sub-topics to consider:

  • Comprehension
  • Operant and classical conditioning
  • Behaviorism
  • Social learning theory
  • Problem solving
  • Memory development/retention
  • Lifelong learning
  • Individual and group learning
  • Organizational learning
  • Mentorship
  • Apprenticeship models of learning
  • Effects of demographic differences (e.g., gender, socioeconomics, religious affiliation, race) on learning

Although creative liberties are encouraged, all information incorporated should be supported and professionally presented through the consistent application of ethical principles and adherence to professional standards of learning and cognition psychology as applied to the chosen audience.

Conclusion (200 to 300 words)
Summarize the importance of the topics within the learning and cognition domain and their applicability within the psychology profession for the chosen audience.

Example of the handbook and material that can be used is attached.

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    PSY620LearningCognitionHandbookTemplate1.docx
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    PSY620_Week3Choosing_Your_Focus_13315807-notes-export.pdf
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    PSY620_Week2

Case Study 2 MIS

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Assignment 1: Discuss case 9.2 HSBC Combats Fraud in Split-second Decisions. 

APA Format 600 Words, 2-3 references.

pg # 329

Questions

1. Analyze the reasons to invest millions of dollars to detect

and prevent fraudulent transactions. In your evaluation,

do a cost–benefi t analysis to show why the investment

cost is worthwhile.

2. Review the two outcomes of the fraud scenario. Assess

the business implications of each of the following two

goals. Explain why these goals are confl icting.

a. To minimize rejecting legitimate purchases by authorized

customers

b. To minimize the risk of making customers victims of

fraud

3. The Fraud Management solution is based on a scoring

model. For example, assume the scores range from 1 to

10, with 10 being the highest probability that the transaction

is fraudulent. What cutoff score would you use to

decide to approve a purchase? What cutoff score would

you use to decide not to approve a purchase? If those

cutoff scores are not the same, how do you suggest

those falling between scores be treated?

4. Why are approval decisions made in a split second? Would

customers tolerate a brief delay in the approval process if

it reduced their risk of identity theft? Explain your answer.

5. Research ATM or other banking transaction fraud. How

has a fi nancial fi rm been defrauded or harmed?

Assignment 2: Discuss case 13.2 Steve Jobs’ Shared Vision Project Management Style. 

APA Format 600 Words, 2-3 references.

Pg # 436

Questions

1. Steve Jobs shows the importance of people skills. Explain

Jobs’ way of motivating people. For example, did he try

to get everyone to like him? Did he try to get everyone to

get along with each other?

2. Why did Jobs’ approach to project management work so

well for him?

3. What lessons can project managers learn from Jobs?

4. Research Steve Jobs’ management style from reputable

sources. What did you learn about how people reacted to

Jobs’ style?

5. Create a checklist of effective project management

practices.

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    ITforMgmntDigitalStrategiesforInsightActionandSustainablePerformanceV101.pdf

Business Writer

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 Details:

As the country focuses on the restructuring of the U.S. health care delivery system, nurses will continue to play an important role. It is expected that more and more nursing jobs will become available out in the community, and fewer will be available in acute care hospitals.

  1. Write an informal presentation (500-700 words) to educate nurses about how the practice of nursing is expected to grow and change. Include the concepts of continuity or continuum of care, accountable care organizations (ACO), medical homes, and nurse-managed health clinics.
  2. Share your presentation with nurse colleagues on your unit or department and ask them to offer their impressions of the anticipated changes to health care delivery and the new role of nurses in hospital settings, communities, clinics, and medical homes.
  3. In 800-1,000 words summarize the feedback shared by three nurse colleagues and discuss whether their impressions are consistent with what you have researched about health reform.
  4. A minimum of three scholarly references are required for this assignment.

While APA format is not required for the body of this assignment, solid academic writing is expected and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

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    RubricsforEvolvingPracticeofNursingandPatientCareDeliveryModelsweek2.docx

P14-5 P14-6 And P14-7

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P14-5 P14-6 and P14-7

P14-5 (Comprehensive Bond Problem) In each of the following independent cases the company closes its 5 books on December 31.
1. Sanford Co. sells $500,000 of 10% bonds on March 1, 2014. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2017. The bonds yield 12%. Give entries through December 31, 2015.
2. Titania Co. sells $400,000 of 12% bonds on June 1, 2014. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2018. The bonds yield 10%. On October 1, 2015, Titania buys back $120,000 worth of bonds for $126,000 (includes accrued interest). Give entries through December 1, 2016.
Instructions
For the two cases prepare all of the relevant journal entries from the time of sale until the date indicated. Use the effective-interest method for discount and premium amortization (construct amortization tables where applicable). Amortize premium or discount on interest dates and at year-end. (Assume that no reversing entries were made.)
P14-6 (Issuance of Bonds between Interest Dates, Straight-Line, Redemption) Presented below are selected transactions on the books of Simonson Corporation.
01-May-14
Dec. 31
Jan. 1, 2015 April 1
Dec. 31
Instructions
Bonds payable with a par value of $900,000, which are dated January 1, 2014, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2024. (Use interest expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds, and the amortiza- tion of the proper amount of premium. (Use straight-line amortization.) Interest on the bonds is paid. Bonds with par value of $360,000 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. (Round to two decimal places.)
Prepare journal entries for the transactions above.
P14-7 (Entries for Life Cycle of Bonds) On April 1, 2014, Seminole Company sold 15,000 of its 11%, 15-year, $1,000 face value bonds at 97. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2015, Seminole took advantage of favorable prices of its stock to extinguish 6,000 of the bonds by issuing 200,000 shares of its $10 par value common stock. At this time, the accrued interest was paid in cash. The company’s stock was selling for $31 per share on March 1, 2015.
Instructions
Prepare the journal entries needed on the books of Seminole Company to record the following.
(a)    April 1, 2014: issuance of the bonds.
(b)   October 1, 2014: payment of semiannual interest.
(c)    December 31, 2014: accrual of interest expense.
(d)    March 1, 2015: extinguishment of 6,000 bonds. (No reversing entries made.)

Apply Economic Theories PT 2

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Overview

 

Why do things cost what they do, and why do prices change? How should we make decisions about where to spend money? In this Project, you’ll use fundamental economic and financial principles to analyze the changes in the price of Furbies over time and analyze choices about buying and selling Furbies.

 

Directions

 

Remember “Furby,” that strange furry toy from 1998? According to Wikipedia, Furbies originally sold for $35 each. However, they were so in-demand during the 1998 holiday season that they often resold for over $300. Today, you can buy a 1998 Furby for less than $15! Why? Complete the Supply and Demand Worksheet to find out!

Before you start the Supply and Demand Worksheet, make sure you are familiar with the following terms and concepts:

Economics concepts:

  • Supply and demand graphs
  • Surplus and shortage
  • Equilibrium point
  • Shifts vs. movements

Finance concepts:

  • The present value of money
  • Stocks vs. bonds

 

 

DELIVERABLES

  • Completed Supply and Demand Worksheet 

     

    Accepted File Types: .doc, .docx, .odt, .rtf, .txt, .pdf

    Reading Material 

    https://www.saylor.org/site/textbooks/Principles%20of%20Economics.pdf

    https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/v/market-equilibrium

    https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/present-value/v/introduction-to-present-value

    https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/stocks-intro-tutorial/v/bonds-vs-stocks

    http://cfaresources.s3.amazonaws.com/AA%20General%20Studies/1%20-%20Common%20Resources/How%20to%20Draw%20in%20Microsoft%20Word%20and%20Google%20Drive%20Documents.pdf

    https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/interest-basics-tutorial/v/introduction-to-interest

    https://www.khanacademy.org/math/pre-algebra/pre-algebra-arith-prop/pre-algebra-order-of-operations/v/order-of-operations

    https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/present-value/v/time-value-of-money

    http://www.ehow.com/about_5086994_furbys.html

     

     

     

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    furby_mania_-_supply_and_demand_worksheet.docx

1. Including Manufacturing Overhead Costs In Product Costs Ensures That Each Product Will Earn A Profit.

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1. Including manufacturing overhead costs in product costs ensures that each product will earn a profit.

True

False

 

2. Nonmanufacturing costs are expensed as incurred, rather than charged to jobs.

True

False

 

3. If direct labor-hours is used as the allocation base in a job-order costing system, but overhead costs are not caused by direct-labor-hours, then jobs with high direct labor requirements will tend to be overcosted relative to jobs with low direct labor requirements.

True

False

 

4. The cost of goods manufactured equals ending work in process inventory, plus the total manufacturing cost charged to jobs, less beginning work in process inventory.

True

False

 

5. Two of the reasons why overhead may be underapplied are: (1) the estimated overhead cost may be too low, and (2) the estimated amount of the allocation base may be too high.

True

False

 

6. Which of the following statements is correct concerning job-order costing?

 

Job-order costing would be appropriate for a textbook publisher.

All the costs appearing on a job cost sheet are actual costs.

Indirect materials are charged to a specific job.

Job-order costing is mainly used in firms with homogeneous products such as oil refineries.

 

7. In a job-order costing system, the incurrence of indirect labor costs would be recorded as a charge to:

 

Manufacturing Overhead Incurred.

Finished Goods.

Work in Process.

Cost of Goods Sold.

 

8. If a predetermined overhead rate in a job-order costing system is based on machine-hours, which of the following would be used in the numerator and denominator?

 

Numerator                                 Denominator

 

Estimated manufacturing overheadActual machine-hours

Actual manufacturing overheadEstimated machine-hours

Estimated manufacturing overheadActual machine-hours

Estimated manufacturing overheadEstimated machine-hours

 

9. Able Company uses a job-order costing system. In reviewing its records at the end of the year, the company has discovered that $2,000 of raw materials has been drawn from the storeroom and used in the production of Job 110, but that no entry has been made in the accounting records for the use of these materials. Job 110 has been completed but it is unsold at year end. This error will cause:

 

Work in Process to be understated by $2,000 at year end.

Cost of Goods Manufactured to be overstated by $2,000 for the year.

Finished Goods to be understated by $2,000 at the end of the year.

Cost of Goods Sold to be overstated by $2,000 for the year.

 

10. Elliott Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company manufactures tools to customer specifications. The following data pertain to Job 1501:

 

Direct materials used ————————        $4,200

Direct labor-hours worked ———————-      300

Direct labor rate per hour ———————         $8.00

Machine-hours used —————————-            200

Predetermined overhead rate per machine-hour —-  $15.00

 

What is the total manufacturing cost recorded on Job 1501?

 

$8,800

$9,600

$10,300

$11,100

 

11. Job 910 was recently completed. The following data have been recorded on its job cost sheet:

 

Direct materials  —————————–  $3,193

Direct labor-hours —————————    21 labor-hours

Direct labor wage rate ———————— $12 per labor-hour

Machine-hours ———————————- 166 machine-hours

 

The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

 

$3,220

$3,760

$5,935

$3,445

 

12. Linh Corporation applies manufacturing overhead to jobs on the basis of pounds of direct material used. Linh estimated 160,000 pounds of material usage and $200,000 of manufacturing overhead cost for the year. During the year, Linh actually used 150,000 pounds of material and incurred $171,000 of manufacturing overhead cost. What was Linh’s underapplied or overapplied overhead for the year?

 

$12,500 underapplied

$16,500 overapplied

$17,600 underapplied

$29,000 overapplied

 

13. Chipata Corporation applies manufacturing overhead to jobs on the basis of machine-hours. Chipata estimated 25,000 machine-hours and $10,000 of manufacturing overhead cost for the year. During the year, Chipata incurred 26,200 machine-hours and $11,300 of manufacturing overhead. What was Chipata’s underapplied or overapplied overhead for the year?

 

$480 overapplied

$820 underapplied

$1,300 overapplied

$1,300 underapplied

 

14. Reamer Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company has provided the following estimated costs for next year:

 

Direct materials  ———————–  $1,000

Direct labor  —————————-   $3,000

Sales commissions ——————–   $4,000

Salary of production supervisor —– $2,000

Indirect materials ———————–  $400

Advertising expense ——————-  $800

Rent on factory equipment ———– $1,000

 

Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be:

 

$6.80

$6.00

$3.00

$3.40

 

15. Daffe Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $165,600. At the end of the year, actual direct labor-hours for the year were 11,900 hours, manufacturing overhead for the year was overapplied by $10,760, and the actual manufacturing overhead was $160,600. The predetermined overhead rate for the year must have been closest to:

 

$14.40

$13.92

$13.50

$14.90

 

16. The following information relates to Araceli Manufacturing Company:

 

Total estimated manufacturing overhead cost at beginning of year ———–  $864,000

Predetermined overhead rate (based on machine-hours) —————–    $7.20

Total manufacturing overhead cost incurred during the year ————   $885,000

Total machine-hours incurred during the year ——————————-  118,000 hours

 

What was Araceli’s underapplied or overapplied overhead for last year?

 

$35,400 overapplied

$35,400 underapplied

$15,000 underapplied

$21,000 overapplied

 

17. Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for June was:

 

$141,000

$139,000

$134,000

$136,000

 

18. Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239,700 and 4,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor-hours were 4,600.

The overhead for the year was:

 

$5,100 underapplied

$7,400 underapplied

$5,100 overapplied

$7,400 overapplied

 

19. Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any underapplied or overapplied manufacturing overhead is closed to Cost of Goods Sold at the end of each month. Additional information is available as follows:

 

Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month:

 

Direct materials  —————————-   $4,000

Direct labor ———————————-   $2,000

Applied manufacturing overhead ——   $3,000

 

 

 Jobs 102, 103, and 104 were started during February.

 Direct materials requisitions for February totaled $26,000.

 Direct labor cost of $20,000 was incurred for February.

 Actual manufacturing overhead was $32,000 for February.

 The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor.

 

The cost of goods manufactured for February was:

 

$77,700

$78,000

$79,700

$85,000

 

20. Caple Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $16,660. Actual manufacturing overhead for the year amounted to $25,000 and actual machine-hours were 1,460. The company’s predetermined overhead rate for the year was $11.90 per machine-hour.

 

The predetermined overhead rate was based on how many estimated machine-hours?

 

1,400

2,101

2,742

1,460

BUSI 530 Exam 1

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1.      If a project’s value is less than its required investment, then the project is financially attractive.

2.      Which of the firm’s financial managers is most likely to be involved with obtaining financing for the firm?

3.      Which one of the following is a real asset?

4.      A corporate director:

5.      When a corporation fails, the maximum that can be lost by an individual shareholder is:

6.      In a firm having both a treasurer and a controller, which of the following would most likely be handled by the controller?

7.      Which of these duties are responsibilities of the corporate treasurer?  Which one of the following statements is not characteristic of mutual funds?  They are always considered to be financial institutions.

8.      The markets for long-term debt and equity are called capital markets.

9.      You can buy silver in the:

10.  The rates of return on investments outside the corporation set the minimum return for investment projects inside the corporation.

11.  U.S. bonds and other debt securities are mostly held by:

12.  A mother in a developing country wants to borrow the equivalent of $20 to enable her to start a small restaurant run by her family. Which type of financing is she looking to obtain?

13.  During the Financial Crisis of 2007-2009, the U.S. government bailed out all firms in danger of failing.

14.  In general, what is changing as you read down the left-hand side of a balance sheet? Assume tax rates on single individuals are 10% on taxable income up to $9,075, 15% on income of $9,076 to $36,900 and 25% on income of $36,901 to $89,350. What is the tax liability for a single individual with $52,000 of taxable income, which includes $2,000 of dividends?

15.  Accrual accounting, which attempts to match sales revenues and the expenses associated with the production of the goods, is conducted in an attempt to: reduce bias in reported profitability measures.

16.  Assume a firm generates $2,000 in sales and has a $500 increase in accounts receivable during an accounting period. Based solely on this information, cash flow will increase by:

17.  The existence of goodwill on a corporate balance sheet indicates that the corporation has: intangible assets from past acquisitions.

18.  According to GAAP, assets and liabilities are typically recorded on the balance sheet at:

19.  What happens to a firm’s net worth as it uses cash to repay accounts payable? Perhaps the best method for estimating the market value of shareholders’ equity is to

20.  When Tri-C Corp. compares its ratios to industry averages, it has a higher current ratio, an average quick ratio, and a lower inventory turnover. What might you assume about Tri-C

21.  A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. What is the long-term debt ratio?

Equity = assets – liabilities
Equity = $1,000 – 350
Equity = $650

Long-term debt ratio = long-term debt/(long-term debt + equity)
Long-term debt ratio = ($350 – 130)/[($350 – 130) + $650]
Long-term debt ratio = .25

22.  Assume BDS acquired its main supplier, ABC. As a result of the acquisition, BDS finds that its profit margin increased but its ROA remained constant. A decrease in which one of these ratios is most apt to be the reason why the ROA did not increase with the increase in the profit margin?

23.  Which one of these changes indicates an improvement in a firm’s asset management efficiency?

24.  What is the ROA of a firm with $150,000 in average receivables, which represents 60 days sales, average assets of $750,000, and a profit margin of 9%?

Sales = ($150,000/60) × 365 = $912,500
ROA = Profit margin × Asset turnover
= .09 × ($912,500/$750,000)
= .1095, or 10.95%

25.  Which one of these costs accounts for the difference between accounting income and economic value added?

26.  Calculate the average collection period for Dots Inc. if its accounts receivables were $550 at the beginning of a year in which the firm generated $3,000 of sales?

Average collection period = $550/($3,000/365) = 67 days

27.  Efficiency ratios:

28.  A major disadvantage of partnerships is that they have double taxation of profits.

29.  Which one of these determines the minimum acceptable rate of return on a capital investment?

30.  Making good investment and financing decisions is the chief task of the financial manager

31.  Financial assets have value because they are claims on the firm’s real assets and the cash that those assets will produce.

32.  Which one of the following statements more accurately describes the controller than the treasurer?

33.  A corporate board of directors should provide support for the top management team: Maximizing profits is the same as maximizing the value of the firm.

34.  The reinvestment of cash back into the firm’s operations is an example of a flow of savings to investment.

35.  The stocks of major corporations trade in many markets throughout the world on a continuous or near-continuous basis.

36.  A capital investment that generates a 10% rate of return is worthwhile if: “Balanced” mutual funds:

37.  Which one of these transports income forward in time?

38.  Which one of these parties cannot invest in a hedge fund?

39.  How is the relationship between a bond’s credit rating and its interest rate best defined?

40.  According to GAAP, assets and liabilities are typically recorded on the balance sheet at:

41.  In a statement of cash flows, which category includes depreciation expense as a line item?

42.  Which one of the following is an intangible asset?

43.  Which one of the following statements is correct for a corporation with a negative net income in both the present and the last fiscal year?

44.  Which of the following assets is likely to be considered the most liquid? 

45.  In general, what is changing as you read down the left-hand side of a balance sheet? Professor Diehard found an effective antibiotic for the DEPRESS bacteria, and patented the drug. He believes that he can sell the patent for $20 million. He then formed a corporation and invested $400,000 in setting up a production plant. There are 2 million shares of stock outstanding. If the professor’s belief is correct, what would be the price per share and the book value per share?

 

46.  What is the overall change in cash resulting from: $300 increase in inventories, $150 increase in accounts payable, $120 decrease in accounts receivable, $60 decrease in other current assets, $150 decrease in other current liabilities?  

47.  Instead of increasing its long-term debt by borrowing money from a bank to purchase new stereo equipment, Jay’s Jams Inc. decides to lease the equipment on a long-term basis. How will the long-term debt ratio differ if the lease option is selected over the bank-debt option?   A firm’s profit margin when ignoring the effects of financing is 20% with an EBIT of $1.5 million and sales of $5 million. How much did the firm pay in taxes?

48.  After-tax operating income for a leveraged firm is defined as:

49.  An asset turnover ratio of 1.75 can be interpreted as: XYZ Corp. has an operating profit margin of 7%, a debt burden of .8, and has financed two-thirds of its assets through equity. What asset turnover ratio is necessary to achieve an ROE of 18%?

50.  Which of the following is the least effective measure of operating performance?

51.  In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with a face value of $1million, market value of $.92 million, and a coupon rate of 8%. What is the firm’s times interest earned ratio?

52.  Which one of these ratios is commonly referred to as the acid-test ratio?