Chapter 2 Quiz 1.) The cost of goods manufactured for a period is the amount transferred from work in process inventory to finished goods inventory during the period? (TRUE) 2.) Differential costs can only be variable costs? (FALSE) can be fixed or variable 3.) The cost of napkins put on each person’s tray at a fast food restaurant is a fixed cost? (FALSE) 4.) A fixed cost is a constant per unit of product? (FALSE) variable would be true 5.) In a manufacturing firm all costs are product costs? (FALSE)
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CHAPTER Cost Classifications DISTINCTION BETWEEN DIRECT AND INDIRECT COSTS Direct costs can be specifically associated with a particular unit or department or patient. The critical distinction for the manager is that the cost is directly attributable. Whatever the manager is responsible for—that is‚ the unit‚ the department‚ or the patient—is known as a cost object. The somewhat vague definition of a cost object is any unit for which a separate cost measurement is desired. It might
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Chapter 7 Key terms 1. Accuracy- the source’s correctness or truthfulness. 2. American Psychological Association- those who utilize a social scientific approach to exploring communication. 3. Background information- provides context for your topic. 4. Bias- the attempt to unfairly attempt to influence someone or the perception of something is also a concern. 5. Chicago Manual of Style- Who conducts rhetorical research. 6. Communication/ Mass media complete- allows the same for journals and
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ACCT2201 CORPORATE ACCOUNTING Tutorial 8 – Week beginning 5th of May REVIEW QUESTIONS Chapter 15 8. When are potential voting rights considered when deciding if one entity controls another? Potential voting rights are rights to obtain voting rights of an investee‚ such as within an option or convertible instrument. Potential voting rights are only considered if the rights are substantive ie practical or utilitarian. This depends on the terms and conditions associated with the options.
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Chapter 05 - Colonial Society on the Eve of Revolution‚ 1700-1775 I. Conquest by the Cradle 1. By 1775‚ Great Britain ruled 32 colonies in North America. * Only 13 of them revolted (the ones in what’s today the U.S.). * Canada and Jamaica were wealthier than the “original 13.” * All of them were growing by leaps and bounds. 2. By 1775‚ the population numbered 2.5 million people. 3. The average age was 16 years old (due mainly to having several children). 4. Most
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Chapter 01 1. The business entity assumption requires that a business be accounted for separately from other business entities‚ including its owner or owners. 2. The four basic financial statements include the balance sheet‚ income statement‚ statement of retained earnings and statement of cash flows. 3. A balance sheet covers a period of time‚ such as a month or year. 4. The income statement shows the financial position of a business on a specific date.
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Starbucks Case Part I – Prior to reading Starbuck’s Form 10-K‚ please answer the following questions. Your answers should be based upon your general knowledge of Starbucks‚ gained from visiting their stores‚ purchasing their products and/or observing them in the marketplace. a. Up until the economic downturn (Fall of 2008) what do you believe was Starbucks’ growth strategy? Give three examples of specific actions (growth initiatives) you observed Starbucks execute upon as part of their
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unfairly judges another based on race. Racism sees no color. 13th‚ a documentary dealing with the subject of racism‚ acknowledges that racism is about action and systemic discrimination and only those with the power to act‚ and not those who are the targets of discrimination‚ can be racist. In other words‚ this documentary focuses primarily on racism against black people or ¨the targets” rather than racism against all races. The documentary‚ 13th‚ emphasizes the issue of unfair jail sentencings against
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I like how in Chapter 7 Boroson talks about co-teacher. She discusses how both are teachers and that both are equal. Boroson said it well on page 127‚ “It’s not my students‚ and her students. It’s our students.” The students will accept both as their teachers. Hidden curriculum is the curriculum that we don’t have guidelines for. They are the everyday things that must be taught to our students with ADS. One of the hidden curriculum in my classroom and school is expected behavior at recess. I have
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Chapter 7: Katniss sleeps with nightmares‚ and when she drags herself into the shower in the morning‚ she fumbles with the automatic buttons‚ spraying herself in hot and cold streams of water. She dresses herself in a practical outfit that’s been laid out for her and ties her hair in a single braid‚ before heading down to see if there’s food in the dining room. Katniss’s thoughts of Prim and her mother make her homesick‚ but they also motivate her. She wants to give them comfort by performing well
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