Chapter 3‚ Problem 8 Information from problem 7. Formulate LPM to determine the number of basketballs and footballs to produce in order to maximize profit. X1 -- # of basketballs X2 -- # of footballs Maximize Z = 12x1 + 16x2 Subject to: 3x1 + 2x2 ≤ 500 4x1 + 5x2 ≤ 800 X1‚ x2 ≥ 0 Transform this model to standard form. Maximize Z = 12x1 + 16x2 + 0s1 +0s2 3x1 + 2x2 + s1 = 500 4x1 +5x2 + x2 = 800 X1‚ x2‚ s1‚ s2 ≥ 0 a). Identify the amount of unused resources (slack) at each of
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Week 5 – Assignment Ilba Rodriguez ACC 205: Principles of Accounting I Prof. Theresa Murray November 16‚ 2014 Problem 1 – Liquidity ratios. A. Edison Stagg Thornton Current ratio 3.56 3.69 3.83 Quick ratio 3.06 2.78 2.5 Current ratio calculations: Edison ($6‚000 (cash) + $3‚000 (short-term investments) + $2‚000 (AR) + $1‚000 (inventory) + $800 (prepaid expenses)) / ($200 (AP) + $3‚100 (notes payable) + $300 (accrued payables)) = 3.56 Stagg ($5‚000 (cash) + $2‚500 (short-term investments) + $2‚500
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Week Five Reflection Summary ACC/290 Principles of Accounting Date Teacher Week Five Reflection Summary Team B In recent years there have been many highly publicized financial accounting scandals. Enron‚ WorldCom‚ and AIG are a few of the well- known corporate companies that have been involved in financial reporting scandals. United Sates regulators and lawmakers made known their concerns of mistrust in corporate accounting‚ because of unethical financial reporting. In 2002 Congress
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Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
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Technological Integration for Progress ACC/542 Technological Integration for Progress Kudler Fine Foods (“The Company ’) has experienced impressive growth over the past few years and it has become apparent that a custom software package that integrates real time inventory with real time financial data. Associates‚ CPAs ‚ at The Company ’s request‚ have evaluated several aspects of the The Company‚ including but not limited to financial statements‚ inventory management systems and interdepartmental
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June 11‚ 2013 Financial Accounting Question #3 3. What are the essential features of the allowance method of accounting for bad debts? The allowance method tries to match the written off account with the period in which the sale was made. There are three essential accounting features to the allowance method: 1. Uncollected debt for accounts receivable are matched against revenues within the same accounting period in which they are recorded. 2. Estimated uncollected
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Week 2 Homework 4-8 |Under SEC rules‚ your close family members include your spouse (or equivalent) and dependents and your parents‚ nondependent | |children‚ and siblings. If you are a covered person‚ your independence is affected if your close family member has an accounting | |role or financial reporting oversight role with the SEC Audit Client (for example‚ the family member is a treasurer‚ CFO‚ | |accounting supervisor‚ or controller) or owns more than 5 percent of a client’s
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Date: 5/12/2013 Re: Recommendations Confidential Ms. Katryna Faith is a 27 year old woman who currently works as a Customer Service Representative for Phoenix Associates. Ms. Faith also has a Bachelor’s in Accounting that she received last year and seeking her Master’s degree in the Accounting. She has no dependents but she does have a puppy. Ms. Faith wants to develop a financial plan that would help her in short-term but more in the long term standing. The financial goals that Ms. Faith wants
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Team D Reflection During Week Two of ACC/291 Team D’s objective was to discuss the week’s topics as outlined in the syllabus. Additionally‚ team members were to discuss any challenges or problems with the topics that may have been experienced. Below is a summary of Team D’s discussion for Week Two. Objective 2.1 Differentiate among accounts payable‚ notes payable and accrued expenses. The team’s objective was first to differentiate and explain accounts payable‚ notes payable and accrued expenses
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This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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