CHAPTER 7 Inventory LEARNING OBJECTIVES 1. Identify what items and costs should be included in inventory and cost of goods sold. 2. Account for inventory purchases and sales using both a perpetual and a periodic inventory system. 3. Inventory is composed of goods held for sale in the normal course of business. Cost of goods sold is the cost of inventory sold during the period. For a manufacturing firm‚ the three types of inventory are raw materials‚ work in process‚ and
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Homework Assignment: Week 1 Keller School of Management ACCT 573 Accounting Fraud Criminology and Ethics How can corporations ensure that their employees behave ethically? There are many things that a corporation can do to make sure that their associates are behaving in an ethic manner. Management must be ambitious and give enticements to work hard in the interests of stockholders and shareholders. Their behavior must also be analyzed to safeguard they do
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Week 7 Ecosystems and Environment Organisms and Their Environment CLICK link below to hear a Science Course Mentor provide an overview to this section‚ “Organisms and their Environment”: http://wgu.connectpro.acrobat.com/p35559917/ Use Chapter 21‚ Conceptual Integrated Science‚ to address the following items in your notes: 1. What are abiotic and biotic factors? ABIOTIC is non living things such as temperature‚ precipitation ponds‚ rocks‚ sunlight and so forth. Abiotic also includes BIOTIC
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1.Inventec Corporation Case Study Q1: Despite its growth and size‚ why is Inventec not very profitable? It can be concluded into 3 main factors : 1. Rivalry existed In the existing ODM industry‚ there are lots of competitors such as Quanta‚ Mitac and Compal. Because of the fierce competition‚ there is increase difficulty for completing differentiation. Moreover‚ client companies tend to limit ODM use to highly commoditized products commoditized products. There is also inherent risk associated
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Part A: Accounting for income tax For journal entries‚ narration is NOT required. The accounting profit before tax of Happy Star Ltd for the year ended 31 December 2012 amounted to $10‚000 after including the following information. The financial year of the company was from 1 January 2012 to 31 December 2012. Equipment: The Company purchased the equipment for the amount of $100‚000 on 1 January 2011. Ending balance of equipment based on accounting as at 31 December 2011 was $100‚000
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CHEM120 Week 7 iLab: DNA‚ mRNA‚ and Protein (30 points) Complete the two questions below. Each question has four parts. This assignment is two pages long. Question 1: For the following double-stranded DNA sequence‚ -CATTGACCGTAA- -GTAACTGGCATT- Answer the following questions: a) Assume that RNA polymerase will read the top strand of DNA as the “template” to synthesize mRNA. What will be the sequence of the mRNA synthesized? (3 points) The new mRNA sequence will be GUAACUGGCAUU
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Week 7 assignment March 11‚ 2012 PSY/201 IQ Test 1) Did you feel the results were accurate? No‚ I don’t feel the test was accurate‚ the reason I feel the test is not accurate is because to me a person’s intelligence cannot be measured by stupid questions. Not everyone can do well on test‚ especially if the test is being timed and I am one of those people. 2) Was the test biased in any way? I feel measuring some one’s IQ can be considered biased. The reason I feel
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Week 7 MA 3110 11/5/2012 Pg. 485 Q: 8 Number in group 129 805 n’s Number experiencing insomnia 19 13 x’s a= 0.05 (a) p-bar= (x1+x2)/(n1 + n2) 0.034261242 n1 = 129 (b) z= (p-hat diff)/sqrt(p-bar*q-bar*(1/n1+1/n2)) 7.601787316 n2 = 805 q-hat’s (c) za/2 = ± 1.96 p1-hat= 0.147286822 0.852713178 (d) P-value= 2.93099E-14 p2-hat= 0.016149068 0.983850932 Q: 10 (a) E= 0.06177357
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Week 7 Homework Mohamed E. Abdelrahman Prof: James Glenn International Finance FIN: 535 Strayer University Spring 2013 15. DFI Strategy: A. What comparative advantage does JCPenney have when establishing a store in a foreign country‚ relative to an independent variety store? B. Why might the overall risk of JCPenney decrease or increase as a result of its recent global expansion? C. JCPenney has been more cautious about entering China. Explain the potential obstacles associated with
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Week 7 16-1 Cash Management Williams & Sons last year reported sales of $10 million and an inventory turnover ratio of 2. The company is now adopting a new inventory system. If the new system is able to reduce the firm’s inventory level and increase the firm’s inventory turnover ratio to 5 while maintaining the same level of sales‚ how much cash will be freed up? Inventory = Sales / inventory turnover ratio =10 mil/2 = 5 mil Inventory = Sales / inventory turnover
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