Effort to Move the Economy Out of a Recession Case Assignment

Effort to Move the Economy Out of a Recession Case Assignment

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

Effort to Move the Economy Out of a Recession Case Assignment

Number of Pages: 9 (Double Spaced)]

Writing Style: APA

Number of sources: 5

Final Paper: Expansionary Economic Policy Focus of the Final Paper In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal and monetary policies: Expansionary Fiscal Policy:  Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: •The necessary change in taxes and government spending,  •The effect on aggregate demand, GDP, and employment.  Expansionary Monetary Policy:  The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.

Explain the actions of the Fed in regard to the three tools. •When the required reserve ratio is increased or decreased  •When the discount rate is increased or decreased  •Buying or selling government securities when conducting expansionary monetary policy  Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment.  Writing the Final Paper The Final Paper: 1.Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in your approved styled guide.  2.Must include a title page that includes:  a.Title of paper  b.Student’s name  c.Course name and number  d.Instructor’s name  e.Date submitted  3.Must include an introductory paragraph with a succinct thesis statement.

4.Must address the topic of the paper with critical thought.  5.Must conclude with a restatement of the thesis and a conclusion paragraph.  6.Must use at least four scholarly resources, including the textbook. Two sources must come from the Ashford Library.  7.Must use APA style as outlined in your approved style guide to document all sources.  8.Must include, on the final page, a reference List that is completed according to APA style as outlined in your approved style guide.

ACC 349 Final Exam MCQs. 87/87. Get An A++.

What is the best way to handle manufacturing overhead costs in order to get the timeliest job cost information?

The company should add actual manufacturing overhead costs to jobs as soon as the overhead costs are incurred.

The company should determine an allocation rate as soon as the actual costs are known, and then apply manufacturing overhead to jobs.

The company should apply overhead using an estimated rate throughout the year. D. The company should account for only the direct production costs.

At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?

The company incurred more manufacturing overhead costs than the manufacturing overhead assigned to jobs

The actual manufacturing overhead costs were less than the manufacturing overhead assigned to jobs

The company incurred more total job costs than the amount budgeted for the job

Estimated manufacturing overhead was less than actual manufacturing overhead costs

Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material?

A decrease to work in process inventory

A decrease to applied overhead

An increase to finished goods

An increase to cost of goods sold

Which of the following would be accounted for using a job order cost system?

The production of textbooks

The production of town homes

The pasteurization of milk

The production of cans of spinach

Which one of the following is NEVER part of recording the issuance of raw materials in a job order cost system?

Debit Manufacturing Overhead

Debit Finished Goods Inventory

Debit Work in Process Inventory

Credit Raw Materials Inventory

Finished Goods Inventory is debited when goods are transferred from work in process to finished goods, not when raw materials are issued for a job.

What is unique about the flow of costs in a job order cost system?

It involves accumulating material, labor, and manufacturing overhead costs as they are incurred in order to determine the job cost

Each job is costed separately in a Work in Process subsidiary ledger

Job costs cannot be measured until all overhead costs are determined

There are no costs remaining in Work in Process at year end

7) Which one of the following costs would be included in manufacturing overhead of a lawn mower manufacturer?

The cost of the fuel lines that run from the motor to the gas tank

The cost of the wheels

Depreciation on the testing equipment

The wages earned by motor assemblers

Depreciation on testing equipment would be included in manufacturing overhead because it is indirectly associated with the finished product.

8) What broad functions do the management of an organization perform?

Planning, directing, and controlling

Directing, manufacturing, and controlling

Planning, directing, and selling

Planning, manufacturing, and controlling

9) Which of the following represents the correct order in which inventories are reported on a manufacturer’s balance sheet?

Work in process, finished goods raw materials

Raw materials, work in process, finished goods

Finished goods, work in process, raw materials

Work in process, raw materials, finished goods

10) In traditional costing systems, overhead is generally applied based on

machine hours

direct labor

direct material dollars

units of production

11) An activity that has a direct cause-effect relationship with the resources consumed is a(n)

overhead rate

product activity

cost driver

cost pool

12) A well-designed activity-based costing system starts with

computing the activity-based overhead rate

analyzing the activities performed to manufacture a product

identifying the activity-cost pools

assigning manufacturing overhead costs for each activity cost pool to products

13) Which of the following factors would suggest a switch to activity-based costing?

Overhead costs constitute a significant portion of total costs

Production managers use data provided by the existing system.

Product lines similar in volume and manufacturing complexity

The manufacturing process has been stable

14) All of the following statements are correct EXCEPT that

the objective of installing ABC in service firms is different than it is in a manufacturing firm

the general approach to identifying activities and activity cost pools is the same in a service company as in a manufacturing company

activity-based costing has been widely adopted in service industries

a larger proportion of overhead costs are company-wide costs in service industries

15) What sometimes makes implementation of activity-based costing difficult in service industries is

identifying activities, activity cost plus, and cost drivers

attempting to reduce or eliminate nonvalue-added activities

the labeling of activities as value-added

that a larger proportion of overhead costs are company-wide costs

Effort to Move the Economy Out of a Recession Case Assignment

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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