1. Two primary external users of accounting information are investors and creditors. TRUE 2. The economic resources that are owned by a business are called stockholders’ equity. FALSE 3. Net income for the period is determined by subtracting total expenses and dividends from revenues. FALSE 4. The heading for the income statement might include the line “As of December 31‚ 20xx.” TRUE 5. Net income is another term for revenue. FALSE 6. The primary purpose of the statement of cash
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Homework Week 1 1) Define the steps in the risk management process. There are 5 steps involved in risk management. 1) risk identification‚ 2) risk analysis‚ 3) risk control‚ 4) treatment‚ and 5) risk financing. Risk identification is the identification of the cause or causes of an accidental loss. Risk analysis is the examination of risk management techniques or methods in order to prevent future accidental losses. Risk contril is developing the besy risk manaegemtn techniques and methods
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Homework 1: Developing Research Questions 1. I would like to study reality television and if it influences behavior in relationships. There are many reality dating television shows that I enjoy watching and it made me wonder if watching these television shows give me a skewed view of reality and a healthy relationship‚ so I would like to explore that topic. 2. Descriptive: a. Do reality television shows influence behavior in relationships? b. Do reality dating television shows influence sexual behavior
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KEY to Homework Questions for Sedimentary and Metamorphic Rocks Lecture 6-7 Use these questions to test your knowledge of Sedimentary and Metamorphic Rocks A. Short answer: 1. A rounded pebble would be a type of particle found in a conglomerate. 2. Salt and other minerals that form when a body of water dries up are called evaporites. 3. Sands are the size of detrital sediments larger than mudstones and smaller than conglomerates and breccias.
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Homework 2 1. What common programming language statement‚ in your opinion‚ is most detrimental to readability and why do you think that? The go to statement in my opinion can be the most detrimental to program readability‚ because it makes it difficult to keep track of where the program has been and will go during debugging. Extensive use of go to statements make it difficult to impossible to keep the program code in a top down format. 2. How does the distinguishing between
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Asignación 1 acct. 1162 Pág.870 E19-3 a. Identify each of the costs as direct materials (DM)‚ direct labor (DL)‚ manufacturing overhead (MO)‚ or period costs (PER). Direct materials Materials used in product. Direct labor Labor cost of assembly-line workers Manufacturing overhead Depreciation on plant‚ property taxes on plant‚ delivery expense‚ factory supplies used. Period cost Advertising expense PER Property taxes on store. b. Explain the difference in
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Ronice M. Bruce Week 3_Course Project A - CASE STUDY ACCT 505- Prof Main January 26‚ 2013 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 Average variable cost per passenger $70 Fixed operating cost per month $3‚150‚000 a. What is the break-even point in passengers and revenues
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ACCT 2332 Managerial Accounting Instructor Dr. Michael Yampuler E-mail: myampuler@uh.edu Office: 380K MH Managerial accounting helps managers make decisions A company manufactures a cell phone. It uses machines‚ engineers‚ utilities‚ supervisors etc. How much is the cost of one phone? How much should we sell it for? A footwear company manufactures dress shoes‚ casual shoes‚ and sandals in the same factory. Sandals do not seem to sell well enough. Is it beneficial to discontinue
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Economic benefit doctrine – Occurs when one receives a tax benefit from deduction and later receives reimbursement‚ it must be picked up as income (taxable) {Chapter 4} (will be on Homework ES and needs multiple questions) Applies to cash basis taxpayer; Income is taxable to the recipient when it is set aside on his behalf‚ made available to him‚ or is used to satisfy some of his indebtedness . A very narrow exception exists if to take possession of that income would result in undue hardship.
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ACCT 361 Chapter 19: Quality‚ Time and the Theory of Constraints (TOQ) Quality on the production line (conformance to technical specifications) reduces costs and supports a cost leadership strategy Quality may also differentiate one product from what might otherwise be a selection of substitutes and this way supports a value-leadership strategy The term quality refers to a wide variety of factors – fitness for use‚ the degree to which a product satisfies the needs of a customer‚ or the degree to
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