Question 1 2 out of 2 points | | | The cost concept is the basis for entering the exchange price into the accounting records.Answer | | | | | Selected Answer: | True | | | | | Question 2 2 out of 2 points | | | Allen Marks is the sole stockholder of Great Marks Company. As of the end of its accounting period‚ December 31‚ 2011‚ Great Marks Company has assets of $940‚000 and liabilities of $300‚000. During 2012‚ Allen Marks purchased an additional $65‚000 of capital
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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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Team Experience We have a lot to learn from one another‚ in terms of academic and business. To me‚ a good team player is one who contributes‚ is willing to take and act on criticism‚ believes in healthy debate and‚ once an agreement is reached‚ works towards it as a team member‚ irrespective of his or her personal stand. I also believe that we must play different roles in different work groups. While pursuing my bachelor’s degree‚ we worked in student groups and this allowed each of us to contribute
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Supply chain management is completely producer-driven. ANS: F Supply chain management is completely customer-driven. PTS: 1 REF: 486 OBJ: 14-1 TOP: AACSB Reflective Thinking KEY: CB&E Model Distribution MSC: BLOOMS Level I Knowledge 2. Companies that use supply chain management techniques typically also use a push promotional strategy. ANS: F They typically use a pull strategy. PTS: 1 REF: 486 OBJ: 14-1 TOP: AACSB Reflective Thinking KEY: CB&E Model Promotion MSC: BLOOMS Level
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KAI uses an inappropriate volume- based cost allocation method that causes inefficient resource allocation‚ disincentive among employees and weaker financial performance. To improve the existing method‚ Senior Management should consider reviewing the current situation to identify the problems‚ followed by adopting an alternative cost allocation method. The current revenue-based cost allocation method causes inefficient resource allocation‚ resulting in excess overhead costs. It lacks consideration
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1. Question : (TCO A) Which of the following statements is CORRECT? Student Answer: One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. One of the advantages of the corporate form of organization is that it avoids double taxation. One of the advantages of a corporation from a social standpoint is that every stockholder has
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These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. | Date Taken: | 8/3/2013 | Time Spent: | 24 min ‚ 43 secs | Points Received: | 90 / 100 (90%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 9 | | | Grade Details - All Questions | 1. | Question : | (TCO A) Which of the following statements is CORRECT? | | | Student Answer: | |
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Valerie Simmons Math533 Dr. Mark Beintema July 22‚ 2012 Course Project PART A The report below represents the detailed statistical analysis of the data collected from a sample of credit customers in the department chain store AJ DAVIS. The 1st individual variable is LOCATION which is a categorical variable. The three subcategories are Urban‚ Suburban and Rural. Since Location is a categorical variable‚ the measures of central tendency have not been calculated for this variable. The frequency
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E6-5 (Computation of Present Value) Using the appropriate interest table‚ compute the present values of the periodic amounts‚ shown on page 344‚ due at the end of the designated periods. (a) $50‚000 receivable at the end of each period for 8 periods compounded at 12%. 50‚000* 4.9676= $248‚380 (b) $50‚000 payments to be made at the end of each period for 16 periods at 9%. 50‚000* 8.3126= $415‚630 (c) $50‚000 payable at the end of the seventh‚ eighth‚ ninth‚ and tenth periods at 12%. 50‚000*
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UNIVERSITY OF SOUTH AUSTRALIA UNISA BUSINESS SCHOOL SCHOOL OF COMMERCE at er ia ls fo rU N IS A ACCT 2005 (Study Period 2‚ 2014) Study guide FA 2 20 14 M FINANCIAL ACCOUNTING 2 Course coordinator Sue McGowan A IS N rU fo at er ia ls M 14 20 2 FA © University of South Australia 2014 IS A CONTENTS N HOW TO USE THIS STUDY GUIDE rU INTRODUCTION INTRODUCTION AND OVERVIEW OF REPORTING ENVIRONMENT TOPIC 2:
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