Week 12 Class Exercises Solutions: Exercise 13-29 1. Average investment in productive assets: Balance on 12/31/x1 $12‚600‚000 Balance on 1/1/x1 ($12‚600‚000 1.05) 12‚000‚000 Beginning balance plus ending balance $24‚600‚000 Average balance ($24‚600‚000 2) $12‚300‚000 a. ROI = = = 20% b. Income from operations before income taxes $ 2‚460‚000 Less: imputed interest charge: Average productive assets $12‚300‚000 Imputed interest rate .15 Imputed
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Exercise E-4 a) Describe each transaction 1. $20‚000 in cash is invested in exchange for common stock 2. $5000 in equipment is received‚ with $1000 paid in cash‚ and $4000 billed through Accounts Payable 3. $750 cash is paid for supplies 4. $9500 in services was preformed‚ with $4100 paid for in cash‚ and $5400 billed through Accounts Receivable 5. $1500 was paid to Accounts Payable 6. $2000 was paid in cash in dividends
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“Suggested Solutions to Exercise” in Financial Accounting for Management by Ramachandran & Kakani Authored by Ram Kumar Kakani‚ “Copyright with Tata McGraw Hill Education Private Limited‚ 2011” CHAPTER 2 Balance Sheet Note: Answers to only half the questions have been provided. It gives you an opportunity to work on the rest problems and discuss about the relevant solutions. You are requested to complete this chapter before attempting the questions. MULTIPLE CHOICE QUESTIONS 1. 2. 3. 4. 5. 6. 7
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to organize‚ secure‚ store and retrieve information Read more: http://www.businessdictionary.com/definition/data-management-technology.html#ixzz2rAwMqNOi Microsoft spreadsheet and a antivirus software Networking Is when you have more than one computer linked together or on a network. Sharing information. http://www.techterms.com/definition/network The world wide web (www) and the network that the gaming world uses (xbox 360‚ or Playstation) Telecommunications Is the transmission of
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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. * Asset; Normal account balance is debit b. A long-term loan
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Focus on Application: Week Two Student’s Name MAT/205 Due Date Instructor’s Name For the example of a ball being thrown up into the sky and then landing on the ground‚ we can model a quadratic equation to show the path of the projectile at various points in time (projectile motion). That is to say‚ each point plotted on the graph (parabola) will be a measurement to this effect: Suppose a ball is thrown into the sky at a velocity of 64ft/sec from an initial height of 100ft. We would set the
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creditors on the assets of a business. Stockholders’ equity represents the claims of owners on the assets of the business. This equity is divided into two parts: common stock and retained earnings. The balance sheet reports assets and claims to assets at one specific point in time. Claims to assets are subdivided into two categories: claims of creditors and claims of owners. The accounting equation must always balance. Each transaction has a dual effect on the equation. As an example if an individual asset
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It/205 week five assignments 1. List and describe the security controls in place. Where are the weaknesses? The TJX was still using the old wired equivalent Privacy (WEP) encryption system‚ which is relatively easy for hackers to crack. An auditor also later found the company had neglected to install firewalls and data encryption‚ on many of the computers using the wireless network‚ And did not properly install another layer of security software it had already purchased .TJX also retained
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Exercise 6 Solution Chapter 6 Elasticity: The Responsiveness of Demand and Supply 6.1 The Price Elasticity of Demand and Its Measurement 1) Price elasticity of demand measures A) how responsive suppliers are to price changes. B) how responsive sales are to changes in the price of a related good. C) how responsive quantity demanded is to a change in price. D) how responsive sales are to a change in buyers’ incomes. Answer: C Comment: Recurring Diff: 1 Page
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EXERCISE 13-25 (20-25 minutes) (a) 1. | Current ratio = | $773‚000 | = 3.22 times | | | $240‚000 | | 2. | Acid-test ratio = | $52‚000 + $198‚000 + $80‚000 | = 1.38 times | | | $240‚000 | | 3. Accounts receivable turnover = $1‚640‚000 | $80‚000 + $198‚000 | = 11.8 times | | 2 | | (or approximately every 31 days) | 4. Inventory turnover = $800‚000 | $360‚000 + $440‚000 | = 2 times | | 2 | | (or approximately every 183
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