Statics: Force Vectors

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

A company reports a significant drop in net profit despite an increase in sales revenue. Which of the following could explain this scenario?

  • Reduction in the effective tax rate.
  • Decrease in operating expenses.
  • Decrease in interest expenses.
  • Increase in the cost of goods sold. (correct)

In a period of rising inflation, using the FIFO (First-In, First-Out) inventory valuation method will generally result in a higher reported net income compared to using the LIFO (Last-In, First-Out) method.

True (A)

Explain how accelerated depreciation methods impact a company's financial statements in the early years of an asset's life compared to straight-line depreciation.

Accelerated depreciation results in higher depreciation expense, lower net income, and lower asset book value in early years compared to straight-line depreciation.

The accounting equation states that Assets = Liabilities + ______.

<p>Equity</p> Signup and view all the answers

Match the following financial ratios with their primary purpose:

<p>Current Ratio = Measures a company's ability to pay short-term obligations Debt-to-Equity Ratio = Indicates the proportion of debt and equity a company uses to finance its assets Gross Profit Margin = Shows the percentage of revenue remaining after deducting the cost of goods sold Inventory Turnover Ratio = Measures how many times a company's inventory is sold and replaced over a period</p> Signup and view all the answers

Which accounting principle requires that revenue be recognized when it is earned, regardless of when cash is received?

<p>Revenue recognition principle (B)</p> Signup and view all the answers

A contingent liability should always be recorded on the balance sheet, regardless of the probability of the obligation materializing.

<p>False (B)</p> Signup and view all the answers

Describe the difference between direct and indirect methods of preparing the statement of cash flows.

<p>The direct method reports operating cash flows by summing actual cash inflows and outflows, while the indirect method reconciles net income to operating cash flows, adjusting for non-cash items.</p> Signup and view all the answers

Goodwill is an intangible asset that arises when one company ______ another company for a price higher than the net identifiable assets' fair value.

<p>Acquires</p> Signup and view all the answers

Match the following accounting terms with their definitions:

<p>Accrued Expense = An expense that has been incurred but not yet paid in cash. Deferred Revenue = Cash received for services or goods to be provided in the future. Prepaid Expense = Cash paid for expenses that will be used or consumed later. Allowance for Doubtful Accounts = An estimate of uncollectible accounts receivable.</p> Signup and view all the answers

Which of the following is an example of a contra-asset account?

<p>Accumulated Depreciation (D)</p> Signup and view all the answers

Under the double-entry accounting system, every transaction affects at least two accounts.

<p>True (A)</p> Signup and view all the answers

Explain the purpose of a bank reconciliation and what types of discrepancies it helps identify.

<p>Bank reconciliation verifies the accuracy of bank and book balances and identifies outstanding checks, deposits in transit, and bank errors.</p> Signup and view all the answers

The income statement reports a company's financial performance over a ______ of time.

<p>Period</p> Signup and view all the answers

Match the following financial statement elements with the financial statement on which they appear:

<p>Revenue = Income Statement Cash = Balance Sheet Salaries Expense = Income Statement Accounts Payable = Balance Sheet</p> Signup and view all the answers

What is the primary purpose of the Sarbanes-Oxley Act (SOX)?

<p>To protect investors from fraudulent accounting practices. (D)</p> Signup and view all the answers

A purchase of land for cash will decrease total assets on the balance sheet.

<p>False (B)</p> Signup and view all the answers

What are the key differences between financial accounting and managerial accounting?

<p>Financial accounting is for external reporting, while managerial accounting is for internal decision-making.</p> Signup and view all the answers

The process of allocating the cost of a tangible asset over its useful life is called ______.

<p>Depreciation</p> Signup and view all the answers

Match the following inventory costing methods with their characteristics:

<p>FIFO = Assumes the first units purchased are the first units sold LIFO = Assumes the last units purchased are the first units sold Weighted-Average = Assigns a weighted-average cost to each unit available for sale Specific Identification = Tracks the actual cost of each individual item</p> Signup and view all the answers

Flashcards are hidden until you start studying

Study Notes

  • This chapter covers force vectors in statics.

Scalars and Vectors

  • Scalars have only magnitude, which can be positive or negative.
  • Length, area, volume, mass, time, and temperature are examples of scalars.
  • Vectors possess magnitude, direction, and sense.
  • Position, force, and moment are examples of vectors.
  • Vector representation can be symbolic (A) or by magnitude (A or |A|) and direction (angle θ).

Vector Operations

  • Multiplying a vector A by a scalar a results in a new vector B where ${\bf{B}} = a{\bf{A}}$.
  • The magnitude of B is $B = \left| a \right|A$.
  • If a is positive, B has the same direction as A, but if a is negative, B has the opposite direction.

Vector Addition

  • The triangle rule and parallelogram law are methods for graphically adding vectors.
  • Resultant force ${\bf{F}}_R$ is the sum of individual forces: ${\bf{F}}_R = {\bf{F}}_1 + {\bf{F}}_2$.

Vector Subtraction

  • Vector subtraction is defined as ${\bf{A}} - {\bf{B}} = {\bf{A}} + (-{\bf{B}})$.

Cartesian Vectors

  • Uses a right-handed coordinate system.
  • A vector ${\bf{A}}$ can be expressed in terms of its rectangular components: ${\bf{A}} = A_x{\bf{i}} + A_y{\bf{j}} + A_z{\bf{k}}$.
  • $A_x{\bf{i}}$, $A_y{\bf{j}}$, $A_z{\bf{k}}$ are vector components of A in the x, y, z directions while $A_x$, $A_y$, $A_z$ are scalar components of A in the x, y, z directions.

Magnitude of Cartesian Vector

  • The magnitude is $A = \sqrt{A_x^2 + A_y^2 + A_z^2}$.

Direction of a Cartesian Vector

  • Direction is defined by angles $\alpha$, $\beta$, $\gamma$, and direction cosines $\cos \alpha = \frac{A_x}{A}$, $\cos \beta = \frac{A_y}{A}$, and $\cos \gamma = \frac{A_z}{A}$.
  • $\alpha$, $\beta$, and $\gamma$ are the direction angles of A with respect to the x, y, and z axes, respectively.
  • The relationship between directional cosines is $\cos^2 \alpha + \cos^2 \beta + \cos^2 \gamma = 1$.

Unit Vector

  • A unit vector ${\bf{u}}_A = \frac{{\bf{A}}}{A} = \cos \alpha {\bf{i}} + \cos \beta {\bf{j}} + \cos \gamma {\bf{k}}$ defines the direction of A.
  • Direction angles can be found by determining the components of the unit vector uA and using the inverse cosine function.
  • Cartesian vector representation is ${\bf{A}} = A{\bf{u}}_A = A \cos \alpha {\bf{i}} + A \cos \beta {\bf{j}} + A \cos \gamma {\bf{k}}$ or ${\bf{A}} = A_x{\bf{i}} + A_y{\bf{j}} + A_z{\bf{k}}$.

Addition of Cartesian Vectors

  • The resultant vector R from adding vectors A and B is ${\bf{R}} = {\bf{A}} + {\bf{B}} = (A_x + B_x){\bf{i}} + (A_y + B_y){\bf{j}} + (A_z + B_z){\bf{k}}$.

Position Vectors

  • A position vector r locates a point in space relative to another point: ${\bf{r}} = x{\bf{i}} + y{\bf{j}} + z{\bf{k}}$.
  • The position vector from point A to point B is ${\bf{r}} = (x_B - x_A){\bf{i}} + (y_B - y_A){\bf{j}} + (z_B - z_A){\bf{k}}$.

Force Vector Along a Line

  • ${\bf{F}} = F{\bf{u}} = F \frac{{\bf{r}}}{r}$ where u is a unit vector and r is a position vector defining the line's direction, and F is the force magnitude.

Dot Product

  • The dot product is defined as ${\bf{A}} \cdot {\bf{B}} = AB \cos \theta$.
  • A and B are the magnitudes of vectors A and B, and θ is the angle between them.
  • The dot product is commutative: ${\bf{A}} \cdot {\bf{B}} = {\bf{B}} \cdot {\bf{A}}$.
  • Multiplication by a scalar: $a({\bf{A}} \cdot {\bf{B}}) = ({\bf{aA}}) \cdot {\bf{B}} = {\bf{A}} \cdot (a{\bf{B}})$.
  • The dot product is distributive: ${\bf{A}} \cdot ({\bf{B}} + {\bf{C}}) = ({\bf{A}} \cdot {\bf{B}}) + ({\bf{A}} \cdot {\bf{C}})$.
  • In Cartesian form: ${\bf{A}} \cdot {\bf{B}} = A_xB_x + A_yB_y + A_zB_z$.

Applications of the Dot Product

  • Allows for finding the angle between two vectors using $\theta = \cos^{-1} \left( \frac{{\bf{A}} \cdot {\bf{B}}}{AB} \right)$.
  • It determines the component of a vector in a specified direction: $A_{\parallel} = A \cos \theta = {\bf{A}} \cdot {\bf{u}}$.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Cosenos Directores y Vectores en 3D
18 questions
Statics Chapter 2: Vectors
20 questions

Statics Chapter 2: Vectors

SelfSatisfactionSagacity9026 avatar
SelfSatisfactionSagacity9026
Use Quizgecko on...
Browser
Browser