Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero ’s‚ a retail music store that also sponsors concerts. Classify each of the items as an asset‚ liability‚ revenue‚ or expense from the company ’s viewpoint. Also indicate the normal account balance of each item. a. The albums‚ tapes‚ and CDs held for sale to customers. b. A long-term loan owed to Citizens Bank. c. Promotional costs to
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P9-7A The intangible assets section of Redeker Company at December 31‚ 2011‚ is presented below. Patent ($70‚000 cost less $7‚000 amortization) $63‚000 Franchise ($48‚000 cost less $19‚200 amortization) 28‚800 * Total $91‚800 * The patent was acquired in January 2011 and has a useful life of 10 years. The franchise was acquired in January 2008 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2012. Jan. 2 Paid $45‚000
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Homework 1 1. CORRECT You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker‚ and the trade occurred on the NYSE. This is an example of D. Secondary market transaction 2. CORRECT Which of the following statements is CORRECT? E. Capital market instruments include both long-term debt and common stocks 3. Talbot Enterprises recently reported an EBITDA of $9.0 million and net income of $2.7 million. It had $3.24 million of interest expense‚ and its corporate
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Business system anaylsis Problems and Exercises Week 7 Homework Tom Sanders DeVry University Professor Girten October 14‚ 2014 Problems and Exercises Appendix A Question 1 - The use-case diagram shown in Figure A-1 F captures the Student billing function but does not contain any function for accepting tuition payment from students. Revise the diagram to capture this functionality. Also‚ express some common behavior among two use cases in the revised diagram by using include relationships. The
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ANSWER: Choice "c" is correct. Value added costs are those resource uses that provide value to the consumer. The cost of inventorying products‚ generally moving‚ handling and storing them‚ does not add value to the product and is generally considered one of the most significant non-value activities/costs that a manufacturer should reduce because it can be controlled. Choice "a" is incorrect. Costs of materials that cannot be traced to an individual product are often not controllable and are thus less
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Assignment Print View http://ezto.mhecloud.mcgraw-hill.com/hm_accounting.tpx 10/5/12 11:41 AM Page 1 of 6 Assignment Print View 1. 10/5/12 11:41 AM award: 10.00 points Classify each cost as either variable or fixed with respect to the number of units produced and sold. Also indicate whether each cost would typically be treated as a direct cost or an indirect cost with respect to units of product. Cost Behavior Variable Fixed Cost Item To Units of Product Direct Indirect 1.Electricity
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To my knowledge the three dimensions to business problems will be organizational‚ people‚ and technology. The people dimension contains a shortage of worker being trained‚ lack of worker support‚ the environment for the work place‚ and poor management. The issue or problems with the worker I believe will be weak recruitment‚ poor performance evaluation‚ problem with obey by the rules‚ and finally worker support and motivation. The organization problem consist of inadequate business that each should
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ACC 400 Week 1 E-text Individual Assignments – Problem Set P7-3B & Exercise E9.4 & Exercise 9.8.doc To Purchase this Tutorial Copy And Paste Below Link In Your Browser http://www.homework-bank.com/downloads/abs-497-complete-course-material/ For Any Information or Any Class Which you Did not find on Our Website ‚ Just Hit US Email On below address Email Address: hworkbank@gmail.com Visit Our Website : http://www.homework-bank.com/ ACC 400 Week 1 E-text Individual Assignments – Problem Set
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company. Gene One is a company facing these very issues. Background of Gene One Gene One was founded by five people: Don Ruiz‚ CEO of Gene One; Michelle Houghton‚ Chief Financial Officer; Teri Robertson‚ Chief Technology Officer and two others no longer with Gene One. In the past eight years‚ Charles Jones‚ Marketing Officer; Greg Thompson Chief Human Resources Officer; John Kirby‚ Executive Director Board Member; and Susan Wells‚ Executive Board Member have joined the family of Gene One. The groundbreaking
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There have been several concepts learned and discussed that will be beneficial to persons holding positions in the accounting field. Some skills required to be successful are; differentiating between accrual-basis and cash-basis accounting‚ detailing what creating adjusting entries entails‚ and the logistics of preparing an adjusted trial balance. These two methods are somewhat alike but do have a couple differences. Both methods have been tested and proven to be effective ways for companies to
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