Aug 30‚ 2013 Accounting 200 Chapter 1 Vocabulary Business: An organization in which basic resources (inputs)‚ such as materials and labor‚ are assembled and processed to provide goods or services (outputs) to customers. Service Business: Provide services rather than product to customers Ex. Delta Air Lines (Transportation) Walt Disney Co. (Entertainment) Merchandising Business: Sell products they purchase from other businesses. Ex. Wal-Mart (General Merchandise)
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Practice Quiz (See related pages) The correct answer for each question is indicated by a . Top of Form 1 CORRECT What best describes the separation of ownership and control? A) Shareholders own stocks but do not run the company. B) Shareholders can freely trade the company stocks. C) Shareholders provide necessary information to the company. D) Managers control the company but may also have stock ownership. Feedback: LO: 12-01 Topic: Strategic Management and the Role of Business
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Course Project Title: Balance Sheet and Single-Step Income Statement Objective To prepare a comprehensive balance sheet and Single-Step Income Statement presented in good form and derived from a list of various accounts. The amounts relative to each account will be given and the student will learn to determine whether an account is a balance sheet account or a temporary account that belongs to the income statement. The accounts will be comprised of all the various subgroupings in the balance
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Chapter 12 Homework Questions Q1. What are the two main characteristics of intangible assets? The two main characteristics of intangible assets are: (a) they lack physical substance. (b) they are not a financial instrument. Q4. Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles? When intangibles are created internally‚ it is often difficult to determine the validity of any future service potential. To permit
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STUDY GUIDE: MODULE 1 As you read this week’s textbook reading assignments‚ take notes in response to these questions and statements. This study guide will help you to prepare for your quiz. Fee and Stuart. 1. Know: Hermeneutics is the art and science‚ or as some would say the theory and practice‚ of interpretation. It is the art and science (theory and practice) of interpretation 2. What do they say is the aim of a good interpretation? What is not the aim? The aim of good interpretation
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MGMT6 Chapter 1: Management Pedagogy Map This chapter begins with the learning outcome summaries and terms covered in the chapter‚ followed by a set of lesson plans for you to use to deliver the content in Chapter 1. Lesson Plan for Lecture (for large sections) Lesson Plan for Group Work (for smaller classes) Assignments with Teaching Tips and Solutions What Would You Do? Case Assignment––Netflix Self-Assessment––Is Management for You? Management Decision––Should We Try to Make
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Ver. 04/09 PRACTICE FINANCIAL QUIZ #1 NOTE: The figures in these questions are not representative of any company or industry and are for the purpose of learning certain financial concepts that pertain to marketing. PART I—SALES ANALYSIS The J&J Corporation manufactures television sets‚ DVD players and MP3 players. The wholesale prices to their customers can vary from under $100 to over $1000‚ depending on the technical complexity of the item and the quantity purchased. Analyze the following
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Quiz 1 Study Guide Towns: Chapter I What does “prolegomena” mean? ➢ Things that are said before ➢ The introduction to the study of theology ➢ Pro: to go before ➢ Lego: to say or speak What are the three presuppositions of prolegomena? ➢ 1. There is a God ➢ 2. Truth exists ➢ 3. Person can know the truth What is the contemporary usage of the word “theology?” ➢ Strong writes‚ Theology is the science of God and the relations between God and the universe
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Chapter 9 solutions (P9-28‚ -29‚ -40) 9-28 (10 min.) Capacity management‚ denominator-level capacity concepts. 1. d 2. c‚ d 3. D 4. A 5. C 6. a‚ b 7. A 8. B 9. c‚ d 10. B 11. a‚ b 9-29 (25 min.) Denominator-level problem 1. Budgeted fixed manufacturing overhead costs rates: Budgeted Fixed Budgeted Fixed Denominator Manufacturing Budgeted Manufacturing Level Capacity Overhead per Capacity Overhead Cost -------------------------------------------------
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Wk 3 practice quiz #1 Accumulated depreciation will be the sum of two years of depreciation expense. Annual depreciation for this asset is ($400‚000 - $10‚000)/5 = $78‚000. The sum of two years depreciation is $156‚000 ($78‚000 + $78‚000). | | | Micah Bartlett Company purchased equipment on January 1‚ 2010‚ at a total invoice cost of $400‚000. The equipment has an estimated salvage value of $10‚000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December
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