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Questions from May 24, 2022

• It is being decided whether or not to replace an existing piece of equipment with a newer, more productive one that costs $80,000 and has an estimated MV of $20,000 at the end of its useful life of...
  May 25, 2022
• Five years ago a chemical plant invested $90,000 in a pumping station on a nearby river to provide the water required for their production process. Straight-line depreciation is employed for tax...
  May 25, 2022
• A partnership has the following account balances: Cash, $70,000; Other Assets, $540,000; Liabilities, $260,000; Nixon (50% of profits and losses), $170,000; Cleveland (30%), $110,000; Pierce (20%),...
  May 25, 2022
• Which is preferable, a data sublanguage based on the relational algebra, or one based on predicate logic? Why? Of two sublanguages based on predicate logic, which is preferable, one that uses tuple...
  May 25, 2022
• In 2017, a certain manufacturing company has some existing semi-automated production equipment which they are considering replacing. This equipment has a present market value of $57,000 and a book...
  May 25, 2022
• Most, but not all, relational DBMS products violate the very basic property of the relational model that a relation, whether base or derived, must not have duplicate rows. Why, and in what ways, does...
  May 25, 2022
• The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively: For how much money must the other assets be...
  May 25, 2022
• A truck was purchased four years ago for $65,000 to move raw materials and finished goods between a production facility and four remote warehouses. This truck (the defender) can be sold at the present...
  May 25, 2022
• A partnership’s balance sheet is as follows: Cash . . . . . . . . . . . . . . . . . $ 40,000 Liabilities . . . . . . . . . . . . . . . . . . . $ 70,000 Other assets . . . . . . . . . . . . 140,000...
  May 25, 2022
• Imagine a firm that hires two types of workers—some with computer skills and some without. If technology advances, so that computers become more useful to the firm, what happens to the marginal...
  May 25, 2022
• During the 1980s and 1990s the United States experienced a significant inflow of capital from other countries. For example, Toyota, BMW, and other foreign car companies built auto plants in the United...
  May 25, 2022
• (This question is challenging.) In recent years some policymakers have proposed requiring firms to give workers certain fringe benefits. For example, in 1993 President Clinton proposed requiring firms...
  May 25, 2022
• A proposal has been made for improving the downtown area of a small town. The plan calls for banning vehicular traffic on the main street and turning this street into a pedestrian mall with tree...
  May 25, 2022
• March, April, and May have been in partnership for a number of years. The partners allocate all profits and losses on a 2:3:1 basis, respectively. Recently, each partner has become personally...
  May 25, 2022
• A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience (holding constant the amount of formal education)....
  May 25, 2022
• A case study in this chapter described how customer discrimination in sports seems to have an important effect on players’ earnings. Note that this is possible because sports fans know the players’...
  May 25, 2022
• The city of Oak Ridge is evaluating three mutually exclusive landscaping plans for refurbishing a public greenway. Benefits to the community have been estimated by a landscaping committee, and the...
  May 25, 2022
• Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people would have incomes of $30,000 and one person would have an income of $10,000. In...
  May 25, 2022
• Which of the following statements is true? a. There are three different types of proprietary funds. b. There are three different types of fiduciary funds. c. There are five different types of...
  May 25, 2022
• Show a consumer’s budget constraint and indifference curves for wine and cheese. Show the optimal consumption choice. If the price of wine is $3 a glass and the price of cheese is $6 a pound, what is...
  May 25, 2022
• Jim buys only milk and cookies. a. In 2001, Jim earns $100, milk costs $2 per quart, and cookies cost $4 per dozen. Draw Jim’s budget constraint. b. Now suppose that all prices increase by 10 percent...
  May 25, 2022
• A large city in the midwest needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $85,000 and have a $20,000 market (salvage) value at...
  May 25, 2022
• Suppose that your state gives each town $5 million in aid per year. The way in which the money is spent is currently unrestricted, but the governor has proposed that towns be required to spend the...
  May 25, 2022
• Refer to Problem 12-8. Assume the following changes: the study period is eight years; the ski lift will be depreciated by using the MACRS Alternative Depreciation System (ADS); the ADS recovery period...
  May 25, 2022
• An energy conservation project is being evaluated. Four levels of performance are considered feasible. The estimated probabilities of each performance level and the estimated before-tax cost savings...
  May 25, 2022