Accounting 202 Homework Chapter 1-Managerial Accounting ‚ the Business Organization‚ and Professional Ethics 1-40 Use of Accounting Information in Hospitals Most U.S. hospitals do not derive their revenue directly from patients. Instead‚ revenues come through third parties‚ such as insurance companies and government agencies. Until the 1980s‚ these payments generally reimbursed the hospital’s costs of serving patients. Such payments ‚ however ‚ are now generally flat fees for specified services
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ACT 202 Chapter 18: Managerial Accounting Concepts and Principles THE MANAGEMENT PROCESS PLANNING: Strategic planning v. operational planning long term (5-10 years) v. day-to-day operations DIRECTING: the process by which managers run day-to-day operations CONTROLLING: monitoring operating results and comparing actual results with the expected results IMPROVING: using feedback to support continuous process improvement (the process of continually improving employees‚ business
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Questions from old Midterm Question 4 On December 31‚ 2012‚ Milton Company had $600‚000 of short-term debt in the form of notes payable due February 2‚ 2013. On January 21‚ 2013‚ the company issued 12‚500 shares of its common stock for $36 per share‚ receiving $450‚000 proceeds after brokerage fees and other costs of issuance. On February 2‚ 2013‚ the proceeds from the stock sale‚ supplemented by additional $150‚000 cash‚ are used to liquidate the $600‚000 debt. The December 31‚ 2012‚ balance
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1 What changes when an ion is formed from an atom? A. Neutrons are lost or gained. B. Protons are lost or gained. C. The nucleus disintegrates. D. Electrons are lost or gained. E. Either protons or electrons are lost or gained. 2 When comparing a 10.00 g sample of iron with a 10.00 g sample of lead: A. each sample has the same number of atoms. B. there are more iron atoms than lead atoms. C. there are more lead atoms than iron atoms. D. it is not possible to tell which sample contains
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CHAPTER 12 STATEMENT OF CASH FLOWS SUMMARY OF QUESTIONS BY OBJECTIVES AND BLOOM’S TAXONOMY |Item | |1. | |42.
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ACCOUNTING 202: Principles of Accounting SPRING 2011 |Instructor: Denise White‚ CPA | |Office Phone: 293-7846 | | | |Web: access the course Web site through WVU eCampus | |Section 001 MWF 10:30 CRN 10655 | |E-mail: dwhite@mix.wvu.edu Always
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Exercise 3-13. Costing Units Completed and Ending Work in Process [LO 2‚3‚4] At the start of November‚ Penco Refinery had Work in Process inventory consisting of 4‚000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The cost of the units was $38‚000 ($25‚000 of material cost and $13‚000 of labor and overhead). During November‚ the company started 44‚000 units and incurred $421‚970 of material cost and $394‚880 of labor and
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E1-5 Cougar’s Accounting Services provides low – cost tax advice and preparation to those with financial need. At the end of the current period‚ the company reports the following amounts: Asset – 19000; Liabilities – 15000; Revenues – 28000; Expenses = 33000 Required: 1. Calculate net loss. 2. Calculate stockholders’ equity at the end of the period. Net loss *Revenues – Expenses = (5000) Stockholders * Assets – Liabilities = 4000 E1-6 Cash 5400 Salaries expense 2200 Accounts payable 3400
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2.14) a) Zirconium melting point is a physical property. b) Zirconium being resistant to corrosion is a chemical property. c) Zirconium having a greyish-white appearance is a physical property. d) It is a chemical property that allows Zirconium to ignite in the air when cut into small pieces. e) It is a physical property that Zirconium is a shiny metal. 2.18) a) Potential energy b) Kinetic energy c) Kinetic energy d) Kinetic energy 2.22) I would advise my friends to read the instructions
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CHAPTER 2 Conceptual Framework for Financial Reporting ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. 2. 3. 4. 5. 6. Conceptual framework– general. Objectives of financial reporting. Qualitative characteristics of accounting. Elements of financial statements. Basic assumptions. Basic principles: a. Measurement. b. Revenue recognition. c. Expense recognition. d. Full disclosure. Accounting principles– comprehensive. Constraints. Assumptions‚ principles‚ and constraints. 28‚ 29‚ 30 10 11 Questions
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