notate for me where you are putting your answer!! When you don’t know what you are doing‚ DO IT NEATLY! Accounting 208—Evening Session‚ Fall 2013 Instructor: Allison 1 Name: _____________________________________ Date: _________________ Third Midterm -- Chapters 8‚ 9‚ 10 & 11 100 points True/False (1 points each) True False T T T F T F T T F F T T F T F F T T F T F T F T T Question The Sarbanes-Oxley Act requires that financial statements
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An information system is the set of formula procedures by which data are collected‚ processed into information‚ and distributed to users. AIS vs. MIS AIS process: Financial transactions; e.g. sales of goods And nonfinancial transaction 1. Data collection Capturing transaction data Recording data onto forms Validating and editing the data 2. Data (Transaction) Processing Classifying Transcribing Sorting Batching Merging Calculating summarizing Comparing 3. Data Management
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more important than any job‚ no matter what the pay is. It says that Mr. Vandivier was well known for his engineering skills so finding another job‚ should not have been as hard of a decision. Velasquez‚ M. (2012). Business ethics: Concepts and cases (7th ed.). Upper Saddle River:
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1. Within 4 weeks‚ J.T. will maintain a planner to pay her bills‚ remembering to pay all of her utility bills on time for the month. 1. Within 2 weeks‚ J.T. will create a budget for herself‚ appropriately accounting for her monthly bills. 1. J.T. has difficulty with financial management. She doesn’t have enough money to pay the bills after excessive shopping for clothes. Consequently‚ her credit history has been affected. 2. Within 2 weeks‚ J.T. will manage a bill payment planner in order to remind
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According to our textbook the closing process serves a dual purpose 1. The temporary accounts (revenues‚ expenses‚ gains and losses) are reduced to zero balances‚ ready to measure activity in the upcoming accounting period‚ and 2. These temporary accounts are closed (transferred) to retained earnings to reflect changes that have occurred during that accounting period. (Spiceland p. 79). There are three times during an accounting period when a company should perform a closing process‚ daily‚ monthly
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Endocrine Disorders Harina Dardi NSG/340 March 3‚ 2015 Sandra Gilderson Endocrine Disorders 1. A normal sugar level is less than 100 mg/dl‚ the normal range for hemoglobin A1c test is between 4% and 5.6%. A hemoglobin A1c range between 5.7% and 6.4% indicates an increased risk for diabetes. Total cholesterol level of 256 is very high. Triglycerides level of less than 150 mg/dl is considered normal but Y.L’s level is 346 high. Level of LDL at 155 is at borderline high‚ HDL level of 32 is very
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Case Study 1: Green Computing Research Project – Part 1 BACKGROUND: Read the Green Computing Research Project‚ Part 1 in Appendix C. Assume the project budget is $500‚000 and will take six months to complete and that you must select the project team as soon as possible. Use project charter examples from Chapters 3 and 4 as support in your answer. Prepare a project charter for the Green Computing Research Project. Write a two to three (2-3) page paper in which you include the following:
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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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Problem: Currently occupying the leading position in the soft contact lens market‚ Vistakon decided to be one step ahead its competition by launching 1 Day Acuvue – the one-day disposable lens concept. Although Vistakon obtained positive results in the test market‚ it faced unexpected problems that deterred the success of the new product. Despite a solid logistics plan for product delivery and a costly regional marketing campaign‚ Vistakon encountered challenges on its main part of the distribution
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that action? Would your answer change if the error was not likely to affect other aspects of the operation such as employment? Why or why not? In my opinion the sooner the employee reports an error the better‚ regardless the error. If Daniels in our case does not report the error immediately there are consequences such as; an increase in cost of goods sold‚ and cost of hiring new employees to meet the production required for sale. Numerous employees may be laid off because of the losses the company
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