Understanding the evolution of our banking system is important because it helps us understand the features of modern banking. Today we have a managed money supply that is accepted by everyone simply because people have faith in it. Which of the following is true about our banking system today?

Our banking system is shifting away from electronic bookkeeping.

Design an elevator-like device that can lift you to your dorm room by blowing air across the top surface of the elevator. Be sure to provide the details in your design and indicate any difficulties you might encounter.

On January 2, 2017, Raconteur Corp. reported the following intangible assets: (1) copyright with a carrying value of $15,000, and (2) a trade name with a carrying value of$8,500. The trade name has a remaining life of 5 years and can be renewed at nominal cost indefinitely. The copyright has a remaining life of 10 years.

At December 31, 2017, Raconteur assessed the intangible assets for possible impairment and developed the following information.

$$\begin{array}{lcc} &\text{Estimated Undiscounted}\\ &\text{\underline{Expected Future Cash Flows}}&\text{\underline{Estimated Fair Value}}\\ \text{Copyright}&\text{\$\hspace{5pt}20,000}&\text{\$\hspace{5pt}16,000}\\ \text{Trade name}&\text{\hspace{10pt}10,000}&\text{\hspace{14pt}5,000}\\ \end{array}$$

Accounting Prepare any journal entries required for Raconteur’s intangible assets at December 31, 2017.

Analysis Many stock analysts indicate a preference for less-volatile operating income measures. Such measures make it easier to predict future income and cash flows, using reported income measures. How does accounting for impairments of intangible assets affect the volatility of operating income?

Principles Many accounting issues involve a trade-off between the primary characteristics of relevant and representationally faithful information. How does the accounting for intangible asset impairments reflect this trade-off?

Design a parallel RLC circuit which produces an exponentially damped sinusoidal pulse with a peak voltage of 1.5 V and at least two additional peaks with voltage magnitude greater than 0.8 V. Verify your design with an appropriate PSpice simulation.

How would suburbanization have contributed to the construction of new highways in the United States? How would highway construction have facilitated suburbanization?

How does fractional reserve banking help banks earn a profit?

Design a half-adder circuit using only NAND gates.

A citrus farmer wants to know which of three fertilizers (A, B, and C) is most effective for increasing the number of oranges on his trees. He is willing to use 30 mature trees of various sizes from his orchard in an experiment with a randomized block design. Explain why a randomized block design might be preferable to a completely randomized design for this experiment.

It is required to design an amplifier with a gain of 100 that is accurate to within $\pm 1 \%.$ You have available amplifier stages with a gain of 1000 that is accurate to within $\pm 30 \%.$ Provide a design that uses a number of these gain stages in cascade, with each stage employing negative feedback of an appropriate amount. Obviously, your design should use the lowest possible number of stages while meeting specification.

For the following term or person, write a sentence explaining its connection to the expansion of the United States in the mid-19th century: James K. Polk

Cathode ray tubes (CRTs) used in old -style televisions have bee n replace d by modern LCD and LED screens. Part of the CRT included a set of accelerating plates separated by a distance of about 1.50 cm. If the potential difference across the plates was 25.0 kV, find the magnitude of the electric field in the region between the plates.

Write the answers to the following problems in the Working Papers.

You are authorized to sign checks for Grantsburg Accounting.

4. Prepare check stubs and write the following checks. Use June 30 of the current year as the date.

a. Check No. 151 to A1 Computers for repairs, $148.00.

Consider the activities undertaken by a medical clinic in your area.

Required 1. Do you consider a job order cost accounting system appropriate for the clinic?
2. Identify as many factors as possible to lead you to conclude that it uses a job order system.

Which of the following is true of sustainable long-run economic growth? A. Long -run growth can continue in the face of the limited supply of natural resources. B. It was predicted by Thomas Malthus. C. Modern economies handle resource scarcity problems poorly. D. It is less likely when we find alternatives to natural resources. E. All of the above are true.