Please answer the following questions about the material in Chapters 2 and 3:

  1. Which value is typically larger, accounting profits or economic profits?  When are accounting profits equal to economic profits?
  2. Please refer to the Cadbury income statement in Table 3.1.  Suppose the depreciation and amortization expenses are based on the prices for buildings and other facilities purchased several years ago, and the annualized opportunity cost for these capital assets is approximately 80% higher in the current market.  What is the firm’s economic profit?
  3. The authors explain in Chapter 2 that subsidies are the opposite of taxes.  Recently, the Trump administration announced that US soybean farmers will receive subsidies to offset the tariffs imposed by China on soybeans imported from the US.  Prior to the imposition of tariffs by the US and China, soybeans were selling for about $11 per bushel in the US.  The 25% tariff imposed on US soybean imports to China reduced US soybean prices by about 12.5% (because tariffs or taxes are shared by buyers and sellers and only part of the US soybean crop is exported to China).  To offset this impact, the US federal government will pay US soybean farmers $1.65 per bushel on one-half of their 2018 production.  Does this subsidy completely offset the tariff impact for US soybean farmers?
 
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Are mental states identical to physical processes
? Explain the disagreement between two philosophers while arguing for your thesis; one who says yes, one who says no.  Philosophers who say yes are Smart and Churchland, philosophers who say no are Gertler and Nagel.

Format: Papers must be 4-6 pages, have 1 inch margins, and be in 12pt Times New Roman font, double spaced, with no extra spaces between paragraphs.  Please insert page numbers into your document.  You may choose either: APA, Chicago, or MLA style for citations.  Turn in an MS Word document through the Moodle site (this uses the software Turnitin, which automatically checks for plagiarism) and bring a paper copy to class.

Organization: The paper should have three parts, listed below (no need for headings though). THIS IS SUPER IMPORTANT !!!!

Introduction:  This is typically the first paragraph.  Longer papers (10 pages and over) may have an introductory section made up of a few paragraphs.

·      In this section, you present to the reader the issue or debate your paper will address.  You will also state explicitly the position you will defend and how you will defend it. 

·      Even though this is the first paragraph the reader reads, it is often the last paragraph the writer writes or rewrites.  The reason for this is simple:  the introduction is supposed to present the reader with a bird’s eye view of the whole paper, but sometimes you will not have a clear picture of the whole paper until after you have finished it.

Development:  This is the main body of your paper, and it consists of all the paragraphs after the “Introduction” and before the “Conclusion.” 

·      Part 1:  To start off the development section of your paper, you will explain the background or context of the issue or debate of your paper.  To do this, you need to describe two different philosopher’s views.

·      Part 2:  After initiating the development, you will actually work on the development.  This consists of presenting your own argument about the issues.

·      Part 3:  In this section you will defend your argument by considering possible counterarguments and offering a reply.

Conclusion:  In this section, you explain to the reader what your paper accomplished.  You may want to hint at some future questions for research that your paper did not answer or draw a larger moral from the discussion.

Here is what our professor expects from a typical paper :

1. Start your paper with a fact or a story, not a generalization.

            e.g. “Descartes believes that the mind and body are separate.” Or “In 2011 a computer system named Watson beat both Ken Jennings and Brad Rutter on the game show Jeopardy!”  NOT “People have argued about the mind since the beginning of time.”  Avoid talking about the past like this, it is too general.

2. Show why an argument is bad; don’t just say that it is bad.

            e.g. “Turing holds that thinking is simply a matter of acting as if you are thinking.  But usually we make a distinction between acting as if you are in some mental state and actually being in that mental state.”  NOT simply “Turing’s argument is hard to believe.”

3. Do not argue from authority.

            e.g. “Thinking is a matter of neural networks connecting, according to Science magazine.”  It doesn’t matter who said this, in your paper you must give reasons for the claims you are making, so if you want to quote an outside source in this manner you must tell us the reasons that Science magazine says that thinking is a matter of neural networks connecting.   The fact that someone said this is not reason enough to believe it, even if that someone is a famous philosopher.

4. Do not rely entirely on empirical claims.

            e.g. “Studies show that depressed people have low levels of serotonin, therefore depression is identical to the physical state of low seratonin.”  This claim, if properly cited, can be used in a paper.  But a scientific study cannot be your only argument for your thesis.  You must say something more.

 
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Lab Report                                                                Name: ____________________

                                                                                                Section: ___________________

Static Electricity or Electrostatics

Part 1:

You are asked to make observations throughout the procedure and to record them.

In step 1C you are asked to make predictions before performing the test

Questions:

A.    What happened when you brought the rubbed ruler close to the paper, salt, and pepper? 

1.      Were all three substances affected equally?

2.      What explanations can you offer for why this happened?

B.     What combinations of cloth and ruler seemed to produce the greatest effects?

Part 2:

Again, you are asked to make observations throughout the procedure and to record them.

In step B4 you are asked “What do you observe when the strips are far apart?”

In step B5 you are asked “What do you observe when the strips are brought close together?“

In step E1 you are asked “What happens as you separate these?”

Questions:

  1. Why do you think the charged ruler affected the original suspended strip as it did?
  1. What happened when you brought the two separated tapes close to each other? What explanations can you offer for this?
  1. How many types of charge did you work with in this activity? How do you know?
  1. If a third type of charge existed, how would it affect the two oppositely charged strips in this activity?
  1. Why do you think the charged ruler affected the two suspended tapes as it did?
  1. How would you explain the attraction or repulsion between each of the suspended tapes and the uncharged paper strip?
  1. How would you explain the fact that a charged ruler can attract an uncharged object like the paper bits, salt and pepper?
Part 3:

Again, you are asked to make observations in each step of the procedure and to record them.

In step D you are asked “What conclusions can you make regarding charged Styrofoam®?

Part 4:

Again, you are asked to make observations throughout the procedure and to record them.

  1. What can you make the balloon stick to? Does it stick better to some surfaces? Why?
  1. Does rubbing with fur work as well as, better than, or worse than if you rub the balloon against your hair instead?  
  1. How does the rubbed balloon affect the paper bits?
  1. Does the same thing happen when other charged objects are brought near the water?

Part 5:

Again, you are asked to make observations in each step of the procedure and to record them.

     A.

In step A4 you are asked “Why does this happen? Use appropriate diagrams to help you explain”. 

B.

In step B3 you are asked “What does this observation mean in terms of the charge on the ball and the ruler? “

In step B4 you are asked “Exactly what was the purpose of touching the ball while the ruler was nearby?

In step B5 you are asked “Draw appropriate diagrams to support your verbal descriptions. You should draw more than one illustrative diagram for this section.”

C.

Describe what you observe just after they touch. Explain why this happens in both words and appropriate diagrams. 

 
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1. Review the Inquirer to determine Digby’s current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue.
Select: 5
Seek high automation levels
Seek the lowest price in their target market while maintaining a competitive contribution margin
Seek excellent product designs, high awareness, and high accessibility
Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
Increase demand through TQM initiatives
Seek high plant utilization, even if it risks occasional small stockouts
Reduce cost of goods through TQM initiatives
Add additional products
Offer attractive credit terms
Reduce labor costs through training and recruitment
2. Rank the following companies from high to low cumulative profit, (in descending order, 1=highest, 4=lowest).
Rank in order from 1 to 4
Digby
Andrews
Baldwin
Chester
3. Which description best fits Baldwin in your industry? For clarity:

– A differentiator competes through good designs, high awareness, and easy accessibility.
– A cost leader competes on price by reducing costs and passing the savings to customers.
– A broad player competes in all parts of the market.
– A niche player competes in selected parts of the market.

Which of these four statements best describes this competitor?
Select: 1
Baldwin is a niche cost leader
Baldwin is a broad differentiator
Baldwin is a broad cost leader
Baldwin is a niche differentiator
4. If Baldwin issued 1000 shares of common stock at last year’s end price, the effect on the balance sheet would be:
Select: 1
Retained earnings would increase by $4,413
Retained earnings would increase by $44,128
Equity would decrease by $4,413
Equity would increase by $44,128
5. The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP)
Select: 1
$4,908,000
$5,453,333
$2,454,000
$2,726,667
6. What is the Quick Ratio of Chester?
Select: 1
2.01
.50
1.46
.69
7. Chester has a ROA of 0.13 (ROA = Net income/Total Assets). That means:
Select: 1
Every dollar of Chester’s assets result in earnings of $0.13.
Chester uses $0.87 of each dollar earned to purchase assets.
Chester uses $0.13 of each dollar earned to purchase assets.
Every dollar of Chester’s assets result in earnings of $0.87.
8. Midyear on July 31st, the Digby Corporation’s balance sheet reported:

Total Liabilities of $25.571 million
Cash of $2.010 million
Total Assets of $41.126 million
Total Common Stock of $1.270 million.

What were the Digby Corporation’s retained earnings?
Select: 1
$16.295 million
$16.825 million
$18.835 million
$14.285 million

 
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