Accounting 3200 Midterm Exam‚ Term 3 - Chapters 1 - 5 and 17 1‚7‚ Questions #1‚ 6 and 9 are SIX points each. Questions #2 and 7 are FIVE points each. Question #3 is TEN points. Questions #4 and 5 are EIGHT points each. Question #8 is TWELVE points. Question #10 is SIXTEEN points. Question #11 is EIGHTEEN points. BE SURE TO SHOW ALL SUPPORTING COMPUTATIONS. NO COMPUTATIONS = NO POINTS IF ANSWER IS WRONG. Version: HMT03midon 1) Describe management accounting and financial accounting. Managerial
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UNIVERSITY OF TORONTO RSM 222 H1S MIDTERM EXAM‚ Winter 2014 Midterm Details: Duration: Total number of pages: Total number of marks: 110 minutes (1 hour 50 minutes) 15 (double-sided; including this cover page) 100 Please write clearly. Illegible responses may result in a mark of zero. When giving a quantitative answer‚ please show your supporting calculations. For nonquantitative questions‚ you may answer in point form‚ if appropriate. You may use a pen and/or pencil‚
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ICtonal music‚ chant (plainsong‚ plainchant)‚ organum‚ motet‚ Reformation‚ a cappella‚ word painting‚ counterpoint‚ chanson‚ madrigal‚ modulation‚ continuo‚ doctrine of affections‚ libretto‚ overture‚ recitative‚ aria‚ ensemble‚ chorus‚ cantata‚ oratorio‚ fugue‚ rondo‚ theme and variations‚ minuet and trio‚ metre‚ texture‚ suite‚ sonata‚ concerto‚ composers‚ instruments‚ historical periods‚ the Enlightenment‚ syllabic‚ melismatic‚ sonata-allegro form La peri fanfare Boulez Bird Chopin
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What should you know about Financial Accounting? 1. How to measure assets? How to present assets? *Assets are economic resources owned or controlled by the company and can be measured by dollars. *Measure assets by the Principle of Historical Cost. *The cost of asset includes all expenditures that make that asset in place and ready for use. * Present assets in the Balance Sheet by the rank of liquidity. 2. How to measure profits? How to present profits? * Operating
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Chapter -1 Multiple Choice Questions 21. Which of the following is not one of the three basic activities of a manager? A) Planning B) Controlling C) Directing and motivating D) Compiling management accounting reports Answer: D Level: Easy LO: 2 22. The delegation of decision making to lower levels in an organization is known as: A) the planning and control cycle. B) controlling. C) decentralization
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1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a Student Answer: Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as
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Introductory & Informative Unit 1. Identify the major similarities and differences between public speaking and everyday conversation. Similarities | Differences | ~ Logical organization of thoughts (Message organized by a speaker)~ Tailoring your message to your audience (explain something differently to a child than you would to a grandparent‚ or a peer)~ Telling stories/relaying information for maximum impact (Build up‚ adjustment to punch line)~ Adapting to listener feedback (react
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Ateneo de Zamboanga University SCHOOL OF MANAGEMENT AND ACCOUNTANCY Accounting 206: Cost Accounting and Cost Management‚ Part II Midterm Examination Kelvin J. Culajara‚ BSA‚ CPA Name: _____________________________________ Date: _______________ Score: __________ Test 1: Comprehensive Problem/Reporting Assume that you are the newly-hired chief cost accountant of Wapayutana Company. As the chief officer‚ you are tasked to monitor the flow of costs throughout the process‚ and hence‚ you are
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allocation transaction that does not involve an external party (all the other transactions involve an external party) both accounts receivable (asset)‚ and Service revenue (equity) increase here There is no cash involved in this transaction accrual accounting recognizes revenue when earned and expenses when incurred in earning that revenue (irrespective of when cash is received or paid) adjustments are usually involve prepayments or accruals. If expense is recognized when cash is paid‚ there is no need
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in thousands of chips and dollars per chip‚ respectively)‚ and Intel’s marginal cost of producing chips is constant at $50 per chip. Intel is planning its strategy to set the P80 chip price. (a) Determine the residual demand Intel faces after accounting for the quantity supplied by the competitive fringe for any level of price. The residual demand that Intel can work with is the difference between total quantity demanded and the quantity supplied by the fringe at any given price. Total demand
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