Week Two Exercise Assignment Revenue and Expenses 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters‚ parties‚ conventions‚ and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense‚ (2) unearned revenue‚ (3) accrued expense‚ (4) accrued revenue‚ or (5) none of the foregoing. a. Interest owed on the company’s bank loan‚ to be paid in early July Prepaid expense
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Nude Art Tiffany ART/101 3/22/2013 Summer Nickerson Nude Art Marcel Duchamp’s Nude Descending a Staircase piece of art had a lot of controversy amongst Americans when it was first exhibited in the Amory Show of 1913. In this piece of art he did not have a women pose nude‚ but he used a series of pictures to portray a women walking nude down a flight of stairs. Many people when the first seen the work of art felt as though he was being disrespectful to the audience. The audience
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Kudler Fine Foods Product Offering Foods Product Offering Kudler Fine Foods (KFF) is a grocery store that is looking to offer its quality brand of products in new parts of the world. To start the process Team “A” will analyze market desires and market progress‚ perform a SWOT analysis‚ and outline the product offering and its opposition. Market Needs Kudler’s research and development (R &D) department has completed a market needs assessment and revealed that there is a steady increase
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A firm’s external environment is divided into various subcategories that include Remote industry operating This is considered a collection of firms that offer similar products or services that customers perceive to be substitutable for one another..Industry Because the quantity‚ quality‚ price‚ and accessibility of financial‚ human‚ and material resources are rarely ideal‚ assessment of suppliers and creditors is critical to an accurate evaluation of which of the firm’s external environments? Operating
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. (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. Rate‚ based on budgeted factory overhead cost and budgeted activity‚ that is established before a period begins. 2‚250‚000/415‚000 Budgeted
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Activity B: Crash Cost = ($350 - $250) / (3-1) = $100 / 2 = $50 per day Activity C: Crash Cost = ($900 - $400) / (6-4) = $500 / 2 = $250 per day Activity D: Crash Cost = ($500 - $200) / (3-2) = $300 / 1 = $300 per day Activity E: Crash Cost = ($550 - $300) / (2-1) = $250 / 1 = $250
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Moreover‚ multiple functions will disappear after using new technology such as eliminating multiple data entry‚ using paperless tools to transfer and validate data etc. This represents a huge risk to workers and they try to escape from this change. 2. Worker might commit number of frauds or defalcations due to weakness or gap in the manual process‚ and the technology will expose these activities. 3. People used to tradition ways to do their works. They prefer face to face meeting instead of conference
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Required: 1) Prepare the journal entries to record the income tax expense‚ deferred income taxes‚ and the income taxes payable for 2012‚ 2013‚ and 2014. No deferred income taxes existed at the beginning of 2012. 2) Explain how the deferred taxes will appear on the balance sheet at the end of each year. (Assume Installment Accounts Receivable is classified as a current asset.) 3) Show the income tax expense section of the income statement for each year‚ beginning
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error or weakness in the security system B.A negative effect or influence on an information system C.The probability of loss of a valued resource D.An external situation or event with the potential to cause harm to an IT system Question 2 of 20 In which of the IT domains is a hub considered a major component of risk? A.LAN-WAN Domain B.User Domain C.Workstation Domain D.LAN Domain Question 3 of 20 How does risk management impact an organization? A.Affects the survivability
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It is noted in this week’s lesson that the success of a project comes from the contribution of many different people or stakeholders. As it is indicated in our text “working successfully in these new project-oriented organizations requires that project managers and project team members recognize the different people who define and influence the work environment‚ understand their unique roles‚ and know how to work with these people to create the greatest chances for successfully completing projects”
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