Copyright © 2011 John Wiley & Sons‚ Inc. Weygandt‚ Accounting Principles‚ 10/e‚ Solutions Manual (For Instructor Use Only) 1-33 PROBLEM 1-1B (a) VINCE’S TRAVEL AGENCY | | | | | | | | | | | | | Owner’s Equity | | | Cash | + | AccountsReceivable | + | Supplies | + | Equipment | = | AccountsPayable | + | Owner’sCapital | – | Owner’s Drawings | + | Revenues | – | Expenses | | | | | | | | | | | | | | | | | | | | 1.2.3.4.5.6.7.8.9.10. | | +$15
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Distinguish between internal and external sources of funds. Do corporations rely more on external or internal funds as sources of financing? Question 1 of 20 5.0/ 5.0 Points Which transaction would be recorded in a cash basis system of accounting? A.Purchase of equipment by signing a note B.Purchase of supplies on credit C.Sale of goods against a note Correct D.Sale of goods for cash Answer Key: D Question 2 of 20 0.0/ 5.0 Points The credit terms of a sale are normally
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ASSIGNMENT Accounting Manager Decision Making Submitted by: Ashish Lakhani Submitted to: Tariq Shameem Case 5-35 | (a) | Stage 1: Allocation of S1 and S2 costs to production departments | | | | Department P1 | Department P2 | | | Directly traceable | $480‚000 | $780‚000 | | | S1 | 1‚176‚000 × = 420‚000 | 1‚176‚000 × = 756‚000 | | | | | | | | S2 | 1‚120‚000 × = 280‚000 | 1‚120‚000 × = 840‚000 | | | | | | | | Total support | $1‚180‚000 | $2
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Multiple Choice (12 marks) Choose the best answer for each of the following 8 multiple choice questions. Circle your answer directly on the quiz booklet. Only one answer will be accepted for each multiple choice question. There is no penalty for guessing. Question No. 1 (2 marks) Bobcat Company uses a job-order costing system. During April‚ the following costs appeared in the Work in Process Inventory account: Beginning balance $ 24‚000 Direct material used 70‚000 Direct labor incurred 60
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Study Guide Chapter 5 1. “More than a toleration of an alien culture is required…there is need for affirmative acceptance as different but equal.” Elaborate. This statement refers to cultural adaptation. It is important for different cultures to meet in the middle and not lose what makes their culture unique. There are three aspects to adaptation. These are‚ cultural imperatives‚ cultural electives‚ and cultural exclusives. Imperatives are aspects of business that all cultures come
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Ex 9-2 1 D 2 A 3 C 4 D 5 D 6 B 7 B 8 D 9 C 10 A Ex 13-1 1 B 2 D 3 C 4 A 5 C 6 D 7 D 8 B 9 A 10 A 9-10. MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit 1. DEPRECIATION EXPENSE Accrual 674300 BUILDINGS & EQUIPMENT Accural 674300 2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123 3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049 4. BONDS PAYABLE Accural 50000
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ACCT3563 Issues in Financial Reporting & Analysis Semester 1 – 2010 Version 0.5.0 1st April 2010 Contents Page 3 Page 7 Page 12 Page 17 Page 20 Positive Accounting Theory Ethics in Accounting Accounting for Physical Assets & Intangible Assets Accounting for Assets in Mining & Agricultural Industries ounting Accounting for Provisions Copyright © Ka Hei Yeh 2010 Fifth Revision published April 2010 2010. This work is licensed under the Creative Commons Attribution Attribution-Non-CommercialNo
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Budget Proposal For [20011-2015] BUSN-278 Professor: Michael Abner DeVry University Table of Contents Section Title Subsection Title Page Number 1.0 Executive summary 3 2.0 Sales Forecast 2.1 Sales Forecast 4 2.2 Methods and Assumptions 4 3.0 Capital Expenditure Budget 5 4.0 Investment Analysis 6 4.1 Cash flows 6 4.2 NPV Analysis 7 4.3 Rate of Return Calculations 8 4.4 Payback Period Calculations 9 5.0 Pro Forma Financial Statements 10 5.1 Pro Forma Income Statement
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Vania Yarijanian Acct 325 Leader and Follower Society is made up of leaders and followers. While many wants to‚ not all can be leaders. A leader is somebody who guides or directs others by showing them the way. A leader is someone that can influence people. He is someone that people want to follow and respect‚ makes good decisions‚ can think quickly. He is self-confident‚ and knows what to do next. A leader is someone who can guide others to their own empowerment. My parents always told me to be
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Case Study 2 – Internal Control A review of policies and procedures for LBJ Company has been conducted‚ and there is a distinct lack of internal control that must be addressed in order for the company to go public. Internal control is identified as: “the process designed to ensure reliable reporting‚ effective and efficient operations‚ and compliance with laws and regulations” (Edwards‚ 1994). Additionally‚ to attract prospective investors‚ LBJ Company must follow the guidelines identified by the
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