NAME Week 2‚ Exercise 1 November 16‚ 2014 XACC/290 Week 2‚ Exercise 1 (a) 1. Stockholders invested $20‚000 cash in the business. 2. Purchased equipment for $5‚000‚ paying $1‚000 in cash and the balance of $4‚000 on account. 3. Paid $750 in cash for supplies. 4. Earned $9‚500 in revenue‚ receiving $4‚100 in cash and $5‚400 on A/R. 5. Paid $1‚500 in cash on accounts Payable. 6. Paid $2‚000 in cash dividends to stockholders. 7. Paid $800 in cash as expenses (rent). 8. Earned $450 in cash from
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00 - $230‚000 = $70‚000 Average markup percentage = 70‚000/230‚000 x 100 = 30.43% Instructor Explanation: $60‚000 + $40‚000 + $30‚000 + $50‚000 + $20‚000 + $30‚000 = $230‚000 ($300‚000 - $230‚000) / $230‚000 = 30.4% Points Received: 5 of 5 Comments: Question 2. Question : Related to Problem 1‚ compute the average markup percentage for setting prices as a percentage of the variable cost of the product. Student Answer: Direct materials $60‚000 Direct manufacturing labor $40
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Ela Gavrilas Performance Plus Steve Cook introduced with the approval of his top management a full service program called Performance Plus and organized a cross functional Performance Team by pulling members of his existent management team in order to achieve in the next 3 years their division goal of 60% of its revenue from products generated within the last five years. First step that Cook should’ve had to think about when creating cross functional team was teamwork‚ in order to improve
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widely performed. Both doctors and outpatient providers use Category I codes. There are six different sections of category I codes – they are as follows: 1. Evaluation and Management 2. Anesthesiology 3. Surgery 4. Radiology 5. Pathology and Laboratory 6. Medicine An example of Category I code * 99204 office visit for evaluation and management of new patient Buzz word for Category I codes Common - Category I codes are the most used category therefore this is
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Understanding “Arc Flash” Simply put‚ an arc flash is a phenomenon where a flashover of electric current leaves its intended path and travels through the air from one conductor to another‚ or to ground. The results are often violent and when a human is in close proximity to the arc flash‚ serious injury and even death can occur. Arc flash can be caused by many things including: Dust Dropping tools Accidental touching Condensation Material failure Corrosion Faulty
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or add interest to a particular location. So if this art is not appreciated‚ would it be prudent to attempt to educate the public to change their opinion‚ or has the art already failed its purpose? The prompt mentions a piece of art entitled Tilted Arc by contemporary artist Richard Serra‚ of which I have attached a photograph below. Installed outside the Jacob K. Javits Federal Building in Manhattan‚ New York City‚ it immediately garnered complaints ranging from its obstructiveness to entering the
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Kehinde wiley is one artist I admire so much and I’ve never had the opportunity to really go into details who exactly he is other than what’s on the surface. I choose this article from GQ.com because it explains in detail the creative process of one of the most celebrated painters in the world. Wiley is not your regular painter‚ he’s in a world of his own and his uniqueness sets him apart from his contemporaries. He is well known for portraits of young African-American men staged in heroic poses
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Joan of arc Joan of Arc‚ who was nicknamed the “Maid of Orleans”‚ was a patroness of soldiers and of France. She is declared to be one of the most courageous women in French history. She was determined‚ dedicated‚ and smart. Joan of Arc is truly the definition of a leader. Joan of arc was born to parents of the peasant class. At a very early age‚ it is said that she heard the voices of St. Michael‚ St. Catherine and St. Margaret. When she first began to hear the messages‚ they weren’t very personal;
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CHFD311 Quiz 5 Question 1 of 30 1.0 Points Which one of the following statements is consistent with B. F. Skinner’s view of language development? A.“Children initially use language primarily in their interactions with other people‚ but increasingly they also use it to help them think more effectively.” B.“From a very early age‚ children are motivated to learn how to speak‚ because speech enables them to interact with other people and‚ ultimately‚ to get what they want.” C.“Although children
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False Question 4. 4. When it comes to mandatory bargaining issues‚ the employer can only make unilateral changes once it has fulfilled its duty to bargain with the union in good faith. (Points : 1) True False Question 5. 5. Employers are legally allowed to survey their employees about their opinions on collective bargaining issues during the negotiation period. (Points : 1) True False Question 6. 6. If an employer denies a request for voluntary recognition
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