Exam1 Spring 2015 Key 1. Nelson’s Landscaping Services just completed a pro forma statement using the percentage of sales approach. The pro forma has a projected external financing need of -$5‚500. What are the firm’s options in this case? With a negative external financing need‚ the firm has a surplus of funds that it can use to reduce current liabilities‚ reduce long-term debt‚ buy back common stock‚ or increase dividends. If acceptable opportunities exist‚ the firm might also use the extra funds
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Solutions to the Homework Assignment Problems P1.31 Key Financial Statement Relations: Balance Sheet‚ Income Statement‚ and Statement of Cash Flow. Missing Values 2007 2008 Balance sheet: Cash 15‚000 Property‚ plant and equipment 162‚000 Intangible assets 10‚000 Accounts payable 21‚000 Interest payable 8‚000 Long-term debt 52‚000 Treasury stock (10‚000) Income statement
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critical physical‚ chemical and biological processes that control aerobic landfill bioremediation. The research is directed at understanding the process of aerobic landfill bioremediation so that optimal engineering designs can be developed. In a 340 L tank filled with 70 kg of fresh solid waste‚ parameters like BOD‚ COD‚ pH‚ conductivity‚ anions and heavy metals have been measured for 14 months. The waste is subjected to various combinations of leachate recirculation along with air injection
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as expenses before the item or service has been received‚ except as discussed in paragraph 340-20-25-2. For example: * a. The costs of television airtime shall not be reported as advertising expense before the airtime is used. Once it is used‚ the costs shall be expensed‚ unless the airtime was used for direct-response advertising activities that meet the criteria for capitalization under paragraph 340-20-25-4. Answer 2: The FASB Interpretation states that the costs of showing the ad
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CHAPTER 1: INTRODUCTION Multiple Choice a 1. The controller of a company or other organization is a. a staff manager. b. an operating manager. c. an accountant‚ not a manager. d. a natural manager. c 2. Which item is NOT an IMA Standard for Ethical Conduct? a. Integrity. b. Competence. c. Loyalty. d. Objectivity. d 3. Which statement about the degree of detail in a report is true? a. It depends on the level of the manager receiving the
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330 : Safeguarding of Assets. 340 : Economical and Efficient Use of Resources. 350 : Accomplishment of Established Objectives and Goals for Operations or Programs 330 Safeguarding of Assets -- Internal auditors should review the means of safeguarding assets and‚ as appropriate‚ verify the existence of such assets Safeguarding of assets is those policies and procedures that "provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition‚ use or disposition
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Atonement “…the novel is itself the act of atonement that Briony Tallis needs to perform; yet we are very much in the land of the unreliable narrator‚ where evasion and mendacity both shadow and undermine the story that is told” (Nicholas Lezard). Discuss this criticism of Atonement. When one reaches atonement‚ it means that they feel forgiven‚ regardless whether they are actually absolved for an offence or not. In Atonement‚ a novel of drama‚ war and romance‚ the author Ian McEwan characterizes
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FIFO costing: Beg Balance Cost of Goods Sold (20 Units) July 1st (5 Units @ 12) $60 5 @ $12 $60 July 3rd (10 Units @ 15) $150 10 @ $15 $150 $295 July 15th (25 Units @ 17) $425 5 @ $17 $85 End Balance (20 Units @ $17) $340 Under the FIFO method‚ the costs of goods of the oldest items in the inventory are accounted first. The ending inventory is based on the latest costs of the units. For this example‚ $17
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That is‚ the entering group does not for the most part have the same position on the ring as that purged by the halogen substituent. Case in point‚ the hydrolysis of 4-chloromethylbenzene at 340° gives an equimolar mix of 3-and 4-methylbenzenols: Significantly all the more striking is the elite development of 3-methoxybenzenamine in the amination of 2-chloromethoxybenzene. Notice that this outcome is an infringement of the standard of minimum
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Nursing Theorist Grid Use grid below to complete the Week 4-Nursing Theorists assignment. Please see the “Nursing Theorists’ Grading Criteria” document‚ located on the Materials page of the student Web site. Theorist Selected: Ida Jean Orlando Pelletier Description of Theory: Ida Orlando developed the theory that nurses are people who act deliberately. “Orlando’s theory is a reflective practice theory that is based on discovering and resolving problematic situations
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