Acct 3230 Quiz # 1 Name-------SOLUTIONS------------------------------ Winter 2011 1) On occasion‚ the FIFO and the weighted-average methods of process costing will result in the same dollar amount of costs being transferred to the next department. Which of the following scenarios would have that result? A) when the beginning and ending inventories are equal in terms of unit numbers B) when the beginning and ending inventories are equal
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B.) Current Assets $ 1‚520‚000 $ 1‚090‚000 Current Liabilities $ 800‚000 $ 430‚000 Current Ratio 1.90 to 1 2.53 to 1 (c.assets / c.liabilities) C.) Quick Assets * Cash + Marketable Securities + Accts. Recievable $ 550‚000 $ 468‚000 Current Liabilities $ 800‚000 $ 430‚000 Acid-test Ratio 0.69 to 1 1.09 to 1 (quick assets / c.liabilities) D.) Sales on Account $ 5‚000‚000 $ 4‚350‚00 Average Recievable
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ACCT 330 – TEST 2 CHAPTER 6 – DEDUCTIONS AND LOSSES Criteria for deducting business and investment expenses – must be… * Related to a profit-motivated activity of the taxpayer * Ordinary‚ necessary‚ and reasonable in amount * Properly documented * An expense of the taxpayer Expenditure is not deductable if it is… * A capital expenditure * Expense related to tax-exempt income * Illegal or in violation of public policy‚ or * Specifically disallowed by tax law Business
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A. PENALTIES 1. Penalties that maybe imposed (Article 21) No felony shall be punishable by any penalty not prescribed by law prior to its commission. Note: Article 21 simply announces the policy of the State as regards punishing crimes. This provision prohibits the government from punishing any person for any felony with any penalty which has not been prescribed by the law. Article 21 - Is not a penal provision. It neither defines a crime nor provides a punishment for one. It has
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Name________________________________________________ TRANSACTIONS LIST A Instructor_______________________Date Due_________________ (Accounts with no activity in this worksheet are excluded in this solution.) 12/31/2012 12/31/2013 ADJUSTED INCOME BALANCE ACCT ACCOUNT POST CLOSING UNADJUSTED YEAR-END ADJUSTMENTS TRIAL BALANCE STATEMENT SHEET NO. TITLE TRIAL BALANCE TRIAL BALANCE DEBIT CREDIT DEBIT CREDIT ID # DEBIT ID # CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
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Ratio Analysis Memo July 9‚ 2012 Memo To: From: Date: July 9‚ 2012 RE: Kudler Fine Foods ratio analysis One of the things that we will be going over is some of the ratios for Kudler Fine Foods through Liquidity‚ Profitability‚ and solvency ratios. We will look into some of the finding that were found through these ratios and discuss them. One of the things that we found was where Kudler Fine Foods’ position is with these ratios. The first area that we look at is profitability
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ACCT 1080 ACCOUNTING THEORY WORK INTEGRATED LEARNING INDIVIDUAL REFLECTION An individual often learn best through personal experiences as it enables the mind to remember information for the long term. This assignment provides the reflection of my learning experience working as a team member. 1. Positive Aspects of Working within a Team The greatest advantage working within a team is the distribution of workload. This reduces the workload for each member and also allows each member
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SYLLABUS FOR MANAGEMENT ACCOUNTING – ACCT 5100/7100 PROFESSOR LINDA BAMBER Fall 2012 Date 8/14 Tue. Topic Introduction to Management Accounting and Professionalism Chapter and Reading Course Outline Syllabus eLC Student Orientation: http://elc.uga.edu/student_orientation /index.html Assignment Due Today 1) Hand in your ACCT 5100/7100 profile. 2) Form teams of four with no more than one MBA student per team (I will try to fill out teams of two or three). One team member should email
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being may be able to grasp. The Personal and Collective Unconscious by Carl Jung believes that "the unconscious contains only those parts of the personality which could just as well be conscious and are in fact suppressed only through upbringing"(344). In a more simplistic form‚ he says that the human brain is actually a more unconscious thought process and that what the brain produces to be conscious can actually be described as unconscious. Francis Crick ’s The General Nature of Consciousness
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| Cash and cash equivalents‚ end of period | $2‚832 | | | Supplemental disclosure of cash flow information | | Income taxes paid | -- | Interest paid | $45 | | | Cash | | Accounts Receivable | Allow Doubt Accts
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