FIN 534- Homework Set #1 1. $502‚640 + 120‚000-169‚056=$453‚584- 17050= $436‚534 2. If Congress change the tax laws Berndt’s‚ the reported profit would decrease and the net cash flow would most likely remain the same. 3. Current Ratios (Current Assets / Current Liabilities): $2‚680‚112 / $1‚039‚800 = $2.577 /Ratio= 2:6:1 Quick Ratios (Cash + Marketable Securities +Accounts Receivable)/ Current Liabilities: $14‚000 + $71‚632 + $878‚000/$1‚039‚800= $0.926/ Ratio= 0:9:1 The company’s liquidity
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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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------------------------------------------------- ACCT 201 ------------------------------------------------- ------------------------------------------------- Chapter 1 Solutions The Financial Statements ------------------------------------------------- Short Exercises (5 min.) S 1-1 Computed amounts in boxes | | | | | | | | Total Assets | = | Total Liabilities | + | Stockholders’ Equity | | | | | | | a. | $340‚000 | = | $130‚000 |
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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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Case Study 2: Application Architecture Ravinell Rose Instructor Name: Mark Stone CIS 210 9/2/2014 Strayer University: Piscataway In designing and building a payroll program for a large organization with offices spread across the country‚ which possesses quite a few changelings to overcome and must be done in a particular manner. Thus having the right application architecture is important where the design is concerned. Because the company has one large data center that each office
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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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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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Annie: A Case Summary Leigh Anne Haygood July 7‚ 2011 Liberty University COUN 510 Dr. Suzie Johnson  Annie is a 53-year-old Caucasian woman who presents for counseling due to problems in her past affecting her current marriage. Michael‚ age 53 and Annie met on the internet‚ dated a few months‚ then married. They have been married 10 years. This is Annie’s fourth marriage; Michael’s second marriage. They have no children together but each has children from previous marriages. There
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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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CHAPTER 9 INVENTORIES: ADDITIONAL VALUATION ISSUES MULTIPLE CHOICE—Conceptual Answer d d c b a c d b d a d a a d b d c a d b a b c c No. Description 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. *22. 23. *24. Knowledge of lower of cost or market valuations. Appropriate use of LCM valuation. Definition of "market" under LCM. Definition of "ceiling." Definition of "designated market value." Application
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