According to Classical Economistsm which type of fiscal policy finan.pdf
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According to Classical Economistsm which type of fiscal policy financing produces inflation? A. Tax increases B. Monetizing Debt C. Borrowing D. Charging user fees to those who use government services Solution B If government monetizes debt inflation will just increase.
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According to the definition of emotional intelligence adopted by the.pdf
According to the definition of emotional intelligence adopted by the textbook authors, how many
abilities are involved with emotional intelligence?
Solution
Four abillites are involved with emotional intelligence. They are;
1. ability to diagnose and recognize emotions
2.ability to control emotions
3. ability to respond appropriately to other emotional cues
4.ability to respond and diagnose emotions displayed by others.
According to NOAAs report, 3 tornadoes struck Massachusetts per ye.pdf
According to NOAA\'s report, 3 tornadoes struck Massachusetts per year between 1961 and
1990, which follows a Poisson distribution. Let T be the time until the occurrence of the fifth
tornado in Massachusetts. Find the probability that T is between 1 and 2 years.
Solution
0.6 = P(A).
According to Aristotles conception of virtue which of the followin.pdf
According to Aristotle\'s conception of virtue which of the following occupations provides the
best metaphor for a morally virtuous person?
A highly skilled craftsmen
A nun
A naturally talented but unaccomplished pianist
awesome
A highly skilled craftsmen
A nun
A naturally talented but unaccomplished pianist
awesome
Solution
A naturally talented but unaccomplished pianist
option C is correct.
According to Census data, in 1950 the population of the US amounted .pdf
According to Census data, in 1950 the population of the US amounted to 151.3 millions persons,
and 13.4% of them were living in the West. In 2000, the population was 281.4 million, and
22.5% of them were living in the West. Is the difference in percentages practically significant?
Statistically significant? Or do these questions make sense? Explain briefly please
Solution
population in west in 1950 - 20.72 million
population in west in 2000- 63.315 million
this is both practically & statistically signiicant becoz this shows the change in population in 50
years in west . this change can be due to more development in west or other reasons . practically
it is significant becoz population increases in the areas where more development is there &
statically it shows the % change in the population in 50 years..
According to Higher Education Research Institute, 55 of college fre.pdf
According to Higher Education Research Institute, 55% of college freshmen in 4-year colleges
and universities during 2003 were female. Suppose 12 freshmen are randomly selected and the
number of female is recorded. Find the probability that exactly 10 of them are female A) 0.034
B) 0.55 C) 0.043 D) 0.45
Solution
a.
According to Census data, in 1950 the population of the U.S. amounte.pdf
According to Census data, in 1950 the population of the U.S. amounted to 151.3 million persons,
and 13.4% of them were living in the West. In 2000, the population was 281.4 million, and
22.5% of them were living in the West. Is the difference in % practically significant?
statistically significant? Or do these questions make sense? Explain briefly.
Solution
population in west in 1950 - 20.72 million
population in west in 2000- 63.315 million
this is both practically & statistically signiicant becoz this shows the change in population in 50
years in west . this change can be due to more development in west or other reasons . practically
it is significant becoz population increases in the areas where more development is there &
statically it shows the % change in the population in 50 years..
According to Harpers Index, 50 of all federal inmates are serving t.pdf
According to Harpers Index, 50% of all federal inmates are serving time for drug dealing. A
random sample of 10 federal inmates is selected. Find the probability that exactly 4 of them are
serving time for drug dealing A) 0.205 B) 0.795 C) 0.400 D) 0.500
Solution
C) 0.400.
According to Classical economists, which type of fiscal policy finan.pdf
According to Classical economists, which type of fiscal policy financing produces \"crowding
out\"
A. Tax Increases
B. Monetizing Debt
C. Borrowing
D. Charging user fees to those who use government services
Solution
A) Tax Increases
Crowding out happens when governments increase too much tax and leaving business with less
money, This happened in India before 1990s when there was socialistic economic structure and
also in china, before 80\'s. Their economies were just super bad..
Recommended
According to the definition of emotional intelligence adopted by the.pdf
According to the definition of emotional intelligence adopted by the textbook authors, how many
abilities are involved with emotional intelligence?
Solution
Four abillites are involved with emotional intelligence. They are;
1. ability to diagnose and recognize emotions
2.ability to control emotions
3. ability to respond appropriately to other emotional cues
4.ability to respond and diagnose emotions displayed by others.
According to NOAAs report, 3 tornadoes struck Massachusetts per ye.pdf
According to NOAA\'s report, 3 tornadoes struck Massachusetts per year between 1961 and
1990, which follows a Poisson distribution. Let T be the time until the occurrence of the fifth
tornado in Massachusetts. Find the probability that T is between 1 and 2 years.
Solution
0.6 = P(A).
According to Aristotles conception of virtue which of the followin.pdf
According to Aristotle\'s conception of virtue which of the following occupations provides the
best metaphor for a morally virtuous person?
A highly skilled craftsmen
A nun
A naturally talented but unaccomplished pianist
awesome
A highly skilled craftsmen
A nun
A naturally talented but unaccomplished pianist
awesome
Solution
A naturally talented but unaccomplished pianist
option C is correct.
According to Census data, in 1950 the population of the US amounted .pdf
According to Census data, in 1950 the population of the US amounted to 151.3 millions persons,
and 13.4% of them were living in the West. In 2000, the population was 281.4 million, and
22.5% of them were living in the West. Is the difference in percentages practically significant?
Statistically significant? Or do these questions make sense? Explain briefly please
Solution
population in west in 1950 - 20.72 million
population in west in 2000- 63.315 million
this is both practically & statistically signiicant becoz this shows the change in population in 50
years in west . this change can be due to more development in west or other reasons . practically
it is significant becoz population increases in the areas where more development is there &
statically it shows the % change in the population in 50 years..
According to Higher Education Research Institute, 55 of college fre.pdf
According to Higher Education Research Institute, 55% of college freshmen in 4-year colleges
and universities during 2003 were female. Suppose 12 freshmen are randomly selected and the
number of female is recorded. Find the probability that exactly 10 of them are female A) 0.034
B) 0.55 C) 0.043 D) 0.45
Solution
a.
According to Census data, in 1950 the population of the U.S. amounte.pdf
According to Census data, in 1950 the population of the U.S. amounted to 151.3 million persons,
and 13.4% of them were living in the West. In 2000, the population was 281.4 million, and
22.5% of them were living in the West. Is the difference in % practically significant?
statistically significant? Or do these questions make sense? Explain briefly.
Solution
population in west in 1950 - 20.72 million
population in west in 2000- 63.315 million
this is both practically & statistically signiicant becoz this shows the change in population in 50
years in west . this change can be due to more development in west or other reasons . practically
it is significant becoz population increases in the areas where more development is there &
statically it shows the % change in the population in 50 years..
According to Harpers Index, 50 of all federal inmates are serving t.pdf
According to Harpers Index, 50% of all federal inmates are serving time for drug dealing. A
random sample of 10 federal inmates is selected. Find the probability that exactly 4 of them are
serving time for drug dealing A) 0.205 B) 0.795 C) 0.400 D) 0.500
Solution
C) 0.400.
According to Classical economists, which type of fiscal policy finan.pdf
According to Classical economists, which type of fiscal policy financing produces \"crowding
out\"
A. Tax Increases
B. Monetizing Debt
C. Borrowing
D. Charging user fees to those who use government services
Solution
A) Tax Increases
Crowding out happens when governments increase too much tax and leaving business with less
money, This happened in India before 1990s when there was socialistic economic structure and
also in china, before 80\'s. Their economies were just super bad..
According to Plato is it better to know the truth and be unhappy tha.pdf
According to Plato is it better to know the truth and be unhappy than to be happy but ignorant?
Solution
Yes, being happy without knowing truth is muffleheadedness, The wise is one who search for
truth that makes him happy. Being happy with ignorance is unhuman decesion, without
ignorance if you remain unhappy it is better than remaining happy with ignorance..
Adam Smith is called the father of modern economics and his book.pdf
Adam Smith is called the \"father of modern economics\" and his book The Weath of Nations, a
fundamental work in the field of economics, is considered the first modern book on economics.
In addition, economics first became a study in 1776 when The Wealth of Nations was published.
Why is the word \"modern\" used in both descriptions? I know that individuals throughout the
centuries and even Aristotle have dabbled with some economic theories, but I do not recall
anyone making any significant contributions to economics before Adam Smith.
Were there important contributions to economics made before 1776? If not, then why do we use
the term \"modern\" even if there was no one in the study previously?
Solution
Direct predecessors to Adam Smith within the classical tradition (maybe a more useful
distinction than modern) include Hume, Locke and Dudley North. Before the classical
economists, there were the physiocrats (18th century), such as Francois Quesnay and Turgot. The
physiocrats emphasised agricultural productivity as a driver of the wealth of nations. They were
contemporaneous with, but also preceded by mercantilists (16th century - 18th century).
Mercantilists mostly concentrated on creating a favorable balance of trade, which would allow
reserves to accumulate in the possession of an absolute ruler. They emphasized government
control of the economy as an extension of state power. The mercantilists had a lot of influence in
the policies of nations, for instance in the form of Colbert. Famous writers might include de
Malynes and Mun. Mercantilists were one of the main targets of Adam Smith\'s critique. The
distinction being that mercantilists believed the quantity of reserves to be the ultimate source of a
nation\'s wealth and so emphasized protectionism, while Smith focused more on trade allowing
inputs to become more productive. In doing so he was very influenced by Quesnay to whom he
had considered dedicating The Theory of Moral Sentiments. The inclusion of gains from trade,
self-interest and competition leading to increased productivity, and division of labor
distinguishes Smith from these earlier writings and forms the link to \"modern\" economics.
There were also \"economists\" long before the 16th century, the connections between them and
economics is we understand it tends to become more tenuous the farther back you go. Iba
Khaldun is a good example, Aristotle (or more likely one of his students) literally wrote a book
called \"Economics\" (this deals with economics in the literal sense of management of a
household), you could also talk about Hesiod\'s \"Works and Days\" (a very old text indeed)
being an example of early economics..
Accounts Requiring AdjustmentIndicate with a Yes or No whether or .pdf
Accounts Requiring Adjustment
Indicate with a Yes or No whether or not each of the following accounts normally requires an
adjusting entry:
Classifying Assets
Identify each of the following as a current asset or property, plant, and equipment:a. Building
YES/NOb. Cash YES/NOc. Interest Expense YES/NOd. Miscellaneous Expense YES/NOe.
Common Stock YES/NOf. Prepaid Insurance YES/NO
Solution
Accounts Requiring Adjustment
a) Building : Yes
b) Cash : No
c) Interest Expense : Yes
d) Miscellaneous Expense : No
e) Common Stock : Yes
f) Prepaid Insurance : Yes
Classifying Assets
1. Accounts Receivable : Current Asset
2. Building : Property Plant and Equipment
3. Cash : Current Asset
4. Equipment : Property Plant and Equipment
5. Prepaid Insurance : Current Asset
6. Supplies ; Current Asset.
Accrual accounting consists of all the techniques developed by accou.pdf
Accrual accounting consists of all the techniques developed by accountants to apply the
matching rule. What is the importance of the matching rule?
Solution
Answer: Matching Principle requires that expenses incurred by an organization must be charged
to the income statement in the accounting period in which the revenue, to which those expenses
relate, is earned.
Importance of matching:
The matching principle a basic accounting principle that is adhered to in order to ensure
consistency in a company\'s financial statements: i.e. the income statement, balance sheet, etc.
If expenses are recognized at the wrong time, the financial statements may be greatly distorted:
in turn jeapordizing the quality of the statements and providing an unfair representation of the
financial position of the business.
For example:.
Accounting is the information system that identifies records and com.pdf
Accounting is the information system that identifies records and communicates the economic
events of an organization to interested users. True False
Bookkeeping deals with the record-keeping process and is only one aspect of accounting.
True False
Internal users are those who manage the business. True False
The Financial Accounting Standards Board is a private organization that establishes broad
reporting guidelines of general applicability as well as specific accounting rules.
True False
Certified Public Accountants are only permitted to prepare audit reports and tax returns.
True False
The economic entity assumption requires that the activities of the entity be kept separate and
distinct from the activities of its owners and all other economic entities. True False
Collection of account receivable will increase both cash and accounts receivable.
True False
An expense paid with cash would result in an equal decrease in liabilities and owner’s equity.
True False
Liabilities represent the owner ship claim on total assets. True False
Net Income is the excess of revenues over expenses for the accounting period. True
False
Assets are increased by debits and liabilities are decreased by credits. True False
The owner’s capital account is increased by credits True False
An account will have a credit balance if the total debit amounts exceed the total credit amounts.
True False
The ledger is the entire group of accounts and is referred to as the book of original entry.
True False
The basic steps in the recording process are (1) to analyze each transaction, (2) to enter the
transaction in a journal, and (3) to transfer the journal entry to the appropriate ledger accounts.
True False
The procedure of transferring journal entries to the ledger accounts is called posting and should
be performed in chronological order. True False
Assets = Liabilities + owner’s capital - owner’s drawing + revenues – expenses is a correct form
of the expanded basic accounting equation. True False
In posting, one should enter “J2” in the post ref. column on page two of the journal.
True False
When the columns of the trial balance equal each other, it proves no errors occurred in recording
and posting. True False
The double entry system is possible because all business transactions may be expressed in equal
debit and credit entries. True False
All of the following are external users of accounting information except
labor unions
taxing authorities
regulatory agencies
company officers
Recording consists of:
identifying and measuring economic events
preparing and disturbing accounting reports
Keeping a systematic, chronological diary of events measured in dollars and cents.
Identifying measuring, receiving, and communicating economic events to interested users.
Accounting for government, foundations, hospitals, labor unions, colleges/universities, and
charities is part of which broad category within the accounting profession?
Not-for-profit accounting
Management accounting
Public.
According to a study, the scale of scores on an IQ test of adults is.pdf
According to a study, the scale of scores on an IQ test of adults is approximately Normal with
mean 99 and standard deviation 17. The organization MENSA, which calls itself \"the high-IQ
society,\" requires an IQ score of 130 or higher for membership.
What percent of adults (
Solution
u=99
s=17
x=130
z = (x-u)/s = 2
P(X>130) = P(Z>2)
= 1 - P(Z<2)
= 1 - 0.9772
= 0.0228.
According to the Us Census Bureau, in 2007 about 10 of persons betw.pdf
According to the Us Census Bureau, in 2007 about 10% of persons between 25 and 30 years old
live alone. Let S be the event a person lives alone. If five persons in that are group are randomly
selected,
a) Find the probabilty of the sequence SFFSF.
b) Find the probability of exactly 2 S\'s.
Solution
a) p = 0.1 * 0.9 * 0.9 * 0.1 * 0.9 = 0.00729
b) p = 5C2 * ( 0.1 )^2 * ( 0.9 ) ^3 = 0.0729.
Accordingly to Whitman and Mattord the containment phase is the thir.pdf
Accordingly to Whitman and Mattord the containment phase is the third stage of the incident
response phase. Two-bit level copies of the system\'s hard drive will be made once the system is
in the posession of the incident-handling team. What are the two copies and why are they made?
Solution
A bit-stream copy is a bit-by-bit copy of the original storage medium. A bit-stream copy is an
exact duplicate of the original disk, while a backup copy is nothing but a compressed file stored
in a folder. Bit-streaming can create an exact image of a disk, as it is copied bit-by-bit.
A bit-stream image is a file that contains a duplicate copy of all the data on a disk or disk
partition. To create a bit-stream image of an evidence disk, an investigator should copy the bit-
stream image to a target work disk, which is identical in all aspects to the evidence disk. Before
copying the disk, the investigator must ensure that the disk used for copying is similar (in other
words, the manufacturer and model of the target disk must be the same as the manufacturer and
model of the original evidence disk).
Although some software tools that create bit-stream images can accommodate a target disk of a
different size, it is better to have the same size disks. The computer is used only when the bit-
stream copies of the disk drives and floppy disks are made..
According to the Texas Department of State Health Services, there ar.pdf
According to the Texas Department of State Health Services, there are approximately 17.7
million adults (age 18+) living in Texas, of which 1.47 million have diabetes. In 2010, 341,430
adult Texans were diagnosed with diabetes for the first time.
What is the incidence of diabetes in Texas? Express your answer in units of per 1000 persons
per year.
Solution
191 Patients with hepatocellular carcinoma (HCC) within Milan criteria receive
priority on the liver transplant(LT) waiting list(WL) and compete with non-HCC candidates. We
compared dropout from the WL using a competing risks approach to assess the relative access to
transplant for these two groups. The cohort consists of all candidates listed 4/14/04 - 12/31/2007
with HCC candidates identifi ed via initial exception application. Status 1 and pediatric patients
were excluded. Dropouts included removals for candidate death, too sick, and for other. A
multivariable waiting list analysis was performed using a Cox model of time to dropout and
competing risks model. Results: Non-HCC patients had a signifi cantly higher dropout rate from
the WL compared with HCC patients over one year after listing/exception. This was reproducible
across all regions. Ablation had little infl uence on HCC dropout. Larger tumor size, higher
MELD score and/or AFP were associated with increased dropout. Multivariable analysis with
competing risks showed that MELD, log AFP, max tumor size were of signifi cance in predicting
dropout for HCC patients. % dropout Days after Listing 30 60 90 180 365 Non-HCC All MELD
6.5 9 10.6 13.9 17.9 No Ablation 2.2 4 6 9.2 11.8 Ablation 1.4 3.1 4.7 8 11.2 Non-HCC MELD
<21 1.4 2.9 4.4 8.1 13.1 HCC + MELD < 8 0.6 1.4 1.9 4 6.6 HCC + MELD 8-11 0.9 2.4 3.7 6.1
8.5 HCC + MELD 11-14 1 2.8 4.3 7.8 10.3 HCC + MELD >14 3.9 6.6 9.4 13.9 17.7 Tumor < 2
cm 0.9 2.6 4.9 8.2 11.2 2-2.6 1.8 3.4 5.1 8 10.4 2.6-3.3 2.3 3.8 5.2 8.4 11.1 > 3.3 2 4.4 6.3 10
13.4 AFP < 500 1.7 3.2 4.8 7.5 10.2 500-1000 2.8 6.4 9.2 15.3 18.2 >1000 4 8.3 13 21.8 27.8
Conclusions: HCC patients appear to be advantaged in the current allocation scheme as shown
by lower dropout rates. This advantage is consistent through the UNOS regions. A continuous
score incorporating MELD, AFP and tumor size would help prioritize HCC with non-HCC
patients to help equate dropout rates and equalize the allocation scheme. Abstract# 4 Primary
Outcomes from a Randomized, Phase III Study of Belatacept vs Cyclosporine in Kidney
Transplant Recipients (BENEFIT Study). F. Vincenti,1 J. M. Grinyo,2 B. Charpentier,3 J. D.
Medina-Pestana,4 L. Rostaing,5 Y. Vanrenterghem,6 G. B. Di Russo,7 P. Garg,7 C.-S. Lin,7 C.
Larsen.8 1UCSF; 2Univ Hospital of Bellvitge; 3Hopital Bicetre; 4Hospital do Rim e Hipertensao
Unifesp; 5CHU Ranguell; 6Univ Hospital Kuleuven; 7Bristol-Myers Squibb; 8Emory Univ
School of Medicine. Introduction: Belatacept, a co-stimulation blocker, is being developed as an
immunosuppressant for kidney transplant recipients to avoid the renal and.
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Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
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According to Plato is it better to know the truth and be unhappy tha.pdf
According to Plato is it better to know the truth and be unhappy than to be happy but ignorant?
Solution
Yes, being happy without knowing truth is muffleheadedness, The wise is one who search for
truth that makes him happy. Being happy with ignorance is unhuman decesion, without
ignorance if you remain unhappy it is better than remaining happy with ignorance..
Adam Smith is called the father of modern economics and his book.pdf
Adam Smith is called the \"father of modern economics\" and his book The Weath of Nations, a
fundamental work in the field of economics, is considered the first modern book on economics.
In addition, economics first became a study in 1776 when The Wealth of Nations was published.
Why is the word \"modern\" used in both descriptions? I know that individuals throughout the
centuries and even Aristotle have dabbled with some economic theories, but I do not recall
anyone making any significant contributions to economics before Adam Smith.
Were there important contributions to economics made before 1776? If not, then why do we use
the term \"modern\" even if there was no one in the study previously?
Solution
Direct predecessors to Adam Smith within the classical tradition (maybe a more useful
distinction than modern) include Hume, Locke and Dudley North. Before the classical
economists, there were the physiocrats (18th century), such as Francois Quesnay and Turgot. The
physiocrats emphasised agricultural productivity as a driver of the wealth of nations. They were
contemporaneous with, but also preceded by mercantilists (16th century - 18th century).
Mercantilists mostly concentrated on creating a favorable balance of trade, which would allow
reserves to accumulate in the possession of an absolute ruler. They emphasized government
control of the economy as an extension of state power. The mercantilists had a lot of influence in
the policies of nations, for instance in the form of Colbert. Famous writers might include de
Malynes and Mun. Mercantilists were one of the main targets of Adam Smith\'s critique. The
distinction being that mercantilists believed the quantity of reserves to be the ultimate source of a
nation\'s wealth and so emphasized protectionism, while Smith focused more on trade allowing
inputs to become more productive. In doing so he was very influenced by Quesnay to whom he
had considered dedicating The Theory of Moral Sentiments. The inclusion of gains from trade,
self-interest and competition leading to increased productivity, and division of labor
distinguishes Smith from these earlier writings and forms the link to \"modern\" economics.
There were also \"economists\" long before the 16th century, the connections between them and
economics is we understand it tends to become more tenuous the farther back you go. Iba
Khaldun is a good example, Aristotle (or more likely one of his students) literally wrote a book
called \"Economics\" (this deals with economics in the literal sense of management of a
household), you could also talk about Hesiod\'s \"Works and Days\" (a very old text indeed)
being an example of early economics..
Accounts Requiring AdjustmentIndicate with a Yes or No whether or .pdf
Accounts Requiring Adjustment
Indicate with a Yes or No whether or not each of the following accounts normally requires an
adjusting entry:
Classifying Assets
Identify each of the following as a current asset or property, plant, and equipment:a. Building
YES/NOb. Cash YES/NOc. Interest Expense YES/NOd. Miscellaneous Expense YES/NOe.
Common Stock YES/NOf. Prepaid Insurance YES/NO
Solution
Accounts Requiring Adjustment
a) Building : Yes
b) Cash : No
c) Interest Expense : Yes
d) Miscellaneous Expense : No
e) Common Stock : Yes
f) Prepaid Insurance : Yes
Classifying Assets
1. Accounts Receivable : Current Asset
2. Building : Property Plant and Equipment
3. Cash : Current Asset
4. Equipment : Property Plant and Equipment
5. Prepaid Insurance : Current Asset
6. Supplies ; Current Asset.
Accrual accounting consists of all the techniques developed by accou.pdf
Accrual accounting consists of all the techniques developed by accountants to apply the
matching rule. What is the importance of the matching rule?
Solution
Answer: Matching Principle requires that expenses incurred by an organization must be charged
to the income statement in the accounting period in which the revenue, to which those expenses
relate, is earned.
Importance of matching:
The matching principle a basic accounting principle that is adhered to in order to ensure
consistency in a company\'s financial statements: i.e. the income statement, balance sheet, etc.
If expenses are recognized at the wrong time, the financial statements may be greatly distorted:
in turn jeapordizing the quality of the statements and providing an unfair representation of the
financial position of the business.
For example:.
Accounting is the information system that identifies records and com.pdf
Accounting is the information system that identifies records and communicates the economic
events of an organization to interested users. True False
Bookkeeping deals with the record-keeping process and is only one aspect of accounting.
True False
Internal users are those who manage the business. True False
The Financial Accounting Standards Board is a private organization that establishes broad
reporting guidelines of general applicability as well as specific accounting rules.
True False
Certified Public Accountants are only permitted to prepare audit reports and tax returns.
True False
The economic entity assumption requires that the activities of the entity be kept separate and
distinct from the activities of its owners and all other economic entities. True False
Collection of account receivable will increase both cash and accounts receivable.
True False
An expense paid with cash would result in an equal decrease in liabilities and owner’s equity.
True False
Liabilities represent the owner ship claim on total assets. True False
Net Income is the excess of revenues over expenses for the accounting period. True
False
Assets are increased by debits and liabilities are decreased by credits. True False
The owner’s capital account is increased by credits True False
An account will have a credit balance if the total debit amounts exceed the total credit amounts.
True False
The ledger is the entire group of accounts and is referred to as the book of original entry.
True False
The basic steps in the recording process are (1) to analyze each transaction, (2) to enter the
transaction in a journal, and (3) to transfer the journal entry to the appropriate ledger accounts.
True False
The procedure of transferring journal entries to the ledger accounts is called posting and should
be performed in chronological order. True False
Assets = Liabilities + owner’s capital - owner’s drawing + revenues – expenses is a correct form
of the expanded basic accounting equation. True False
In posting, one should enter “J2” in the post ref. column on page two of the journal.
True False
When the columns of the trial balance equal each other, it proves no errors occurred in recording
and posting. True False
The double entry system is possible because all business transactions may be expressed in equal
debit and credit entries. True False
All of the following are external users of accounting information except
labor unions
taxing authorities
regulatory agencies
company officers
Recording consists of:
identifying and measuring economic events
preparing and disturbing accounting reports
Keeping a systematic, chronological diary of events measured in dollars and cents.
Identifying measuring, receiving, and communicating economic events to interested users.
Accounting for government, foundations, hospitals, labor unions, colleges/universities, and
charities is part of which broad category within the accounting profession?
Not-for-profit accounting
Management accounting
Public.
According to a study, the scale of scores on an IQ test of adults is.pdf
According to a study, the scale of scores on an IQ test of adults is approximately Normal with
mean 99 and standard deviation 17. The organization MENSA, which calls itself \"the high-IQ
society,\" requires an IQ score of 130 or higher for membership.
What percent of adults (
Solution
u=99
s=17
x=130
z = (x-u)/s = 2
P(X>130) = P(Z>2)
= 1 - P(Z<2)
= 1 - 0.9772
= 0.0228.
According to the Us Census Bureau, in 2007 about 10 of persons betw.pdf
According to the Us Census Bureau, in 2007 about 10% of persons between 25 and 30 years old
live alone. Let S be the event a person lives alone. If five persons in that are group are randomly
selected,
a) Find the probabilty of the sequence SFFSF.
b) Find the probability of exactly 2 S\'s.
Solution
a) p = 0.1 * 0.9 * 0.9 * 0.1 * 0.9 = 0.00729
b) p = 5C2 * ( 0.1 )^2 * ( 0.9 ) ^3 = 0.0729.
Accordingly to Whitman and Mattord the containment phase is the thir.pdf
Accordingly to Whitman and Mattord the containment phase is the third stage of the incident
response phase. Two-bit level copies of the system\'s hard drive will be made once the system is
in the posession of the incident-handling team. What are the two copies and why are they made?
Solution
A bit-stream copy is a bit-by-bit copy of the original storage medium. A bit-stream copy is an
exact duplicate of the original disk, while a backup copy is nothing but a compressed file stored
in a folder. Bit-streaming can create an exact image of a disk, as it is copied bit-by-bit.
A bit-stream image is a file that contains a duplicate copy of all the data on a disk or disk
partition. To create a bit-stream image of an evidence disk, an investigator should copy the bit-
stream image to a target work disk, which is identical in all aspects to the evidence disk. Before
copying the disk, the investigator must ensure that the disk used for copying is similar (in other
words, the manufacturer and model of the target disk must be the same as the manufacturer and
model of the original evidence disk).
Although some software tools that create bit-stream images can accommodate a target disk of a
different size, it is better to have the same size disks. The computer is used only when the bit-
stream copies of the disk drives and floppy disks are made..
According to the Texas Department of State Health Services, there ar.pdf
According to the Texas Department of State Health Services, there are approximately 17.7
million adults (age 18+) living in Texas, of which 1.47 million have diabetes. In 2010, 341,430
adult Texans were diagnosed with diabetes for the first time.
What is the incidence of diabetes in Texas? Express your answer in units of per 1000 persons
per year.
Solution
191 Patients with hepatocellular carcinoma (HCC) within Milan criteria receive
priority on the liver transplant(LT) waiting list(WL) and compete with non-HCC candidates. We
compared dropout from the WL using a competing risks approach to assess the relative access to
transplant for these two groups. The cohort consists of all candidates listed 4/14/04 - 12/31/2007
with HCC candidates identifi ed via initial exception application. Status 1 and pediatric patients
were excluded. Dropouts included removals for candidate death, too sick, and for other. A
multivariable waiting list analysis was performed using a Cox model of time to dropout and
competing risks model. Results: Non-HCC patients had a signifi cantly higher dropout rate from
the WL compared with HCC patients over one year after listing/exception. This was reproducible
across all regions. Ablation had little infl uence on HCC dropout. Larger tumor size, higher
MELD score and/or AFP were associated with increased dropout. Multivariable analysis with
competing risks showed that MELD, log AFP, max tumor size were of signifi cance in predicting
dropout for HCC patients. % dropout Days after Listing 30 60 90 180 365 Non-HCC All MELD
6.5 9 10.6 13.9 17.9 No Ablation 2.2 4 6 9.2 11.8 Ablation 1.4 3.1 4.7 8 11.2 Non-HCC MELD
<21 1.4 2.9 4.4 8.1 13.1 HCC + MELD < 8 0.6 1.4 1.9 4 6.6 HCC + MELD 8-11 0.9 2.4 3.7 6.1
8.5 HCC + MELD 11-14 1 2.8 4.3 7.8 10.3 HCC + MELD >14 3.9 6.6 9.4 13.9 17.7 Tumor < 2
cm 0.9 2.6 4.9 8.2 11.2 2-2.6 1.8 3.4 5.1 8 10.4 2.6-3.3 2.3 3.8 5.2 8.4 11.1 > 3.3 2 4.4 6.3 10
13.4 AFP < 500 1.7 3.2 4.8 7.5 10.2 500-1000 2.8 6.4 9.2 15.3 18.2 >1000 4 8.3 13 21.8 27.8
Conclusions: HCC patients appear to be advantaged in the current allocation scheme as shown
by lower dropout rates. This advantage is consistent through the UNOS regions. A continuous
score incorporating MELD, AFP and tumor size would help prioritize HCC with non-HCC
patients to help equate dropout rates and equalize the allocation scheme. Abstract# 4 Primary
Outcomes from a Randomized, Phase III Study of Belatacept vs Cyclosporine in Kidney
Transplant Recipients (BENEFIT Study). F. Vincenti,1 J. M. Grinyo,2 B. Charpentier,3 J. D.
Medina-Pestana,4 L. Rostaing,5 Y. Vanrenterghem,6 G. B. Di Russo,7 P. Garg,7 C.-S. Lin,7 C.
Larsen.8 1UCSF; 2Univ Hospital of Bellvitge; 3Hopital Bicetre; 4Hospital do Rim e Hipertensao
Unifesp; 5CHU Ranguell; 6Univ Hospital Kuleuven; 7Bristol-Myers Squibb; 8Emory Univ
School of Medicine. Introduction: Belatacept, a co-stimulation blocker, is being developed as an
immunosuppressant for kidney transplant recipients to avoid the renal and.
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