ACC 211-MIDTERM EXAM (Chap 1 thru 5) MC Qu. 113 An example of a financing activity is: An example of a financing activity is: Buying office supplies. Obtaining a long-term loan. Buying office equipment. Selling inventory. Buying land. MC Qu. 114 An example of an operating activity is: An example of an operating activity is: Paying wages. Purchasing office equipment. Borrowing money from a bank. Selling stock. Paying off a loan. MC Qu. 117 Net Income: Net Income:
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EXAM 1 – FORM A ACC 242 Fall‚ 2013 Name__________________________________ 1. The following information relates to a job cost system in a factory: For the year Estimated Actual Factory Overhead $600‚000 $635‚000 Direct Labor $500‚000 $525‚000 Direct Materials $500‚000 $520‚000 Direct Labor Hours 300‚000 hrs. 290‚000 hrs. The factory uses a predetermined overhead rate per direct labor hour to apply factory overhead. During the year jobs which cost $1‚200
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Phase 5 Task 2 IP Kimberly Karg CJUS141-1301A-09 Introduction to Criminal Justice CTU Online February 12‚ 2013 Professor Lisa G. RatliffVillarreal Case Scenario Around 2:30 p.m. on the afternoon of September 18‚ the victim‚ a prominent citizen in the community‚ was assaulted and robbed of his wallet by the defendant while walking home from work. He was assaulted‚ pushed up against a car‚ and threatened with a knife. Because of the victim’s prominence in the community‚ this crime generated
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Clients Understanding ACC/541 Rose Barden January 16‚ 2012 Kenneth Burton Adjusting Lower Cost The paperwork is needed so that the inventory can be check and figured out the true value of the inventory. A better way at looking any logical justification for cost or market inventory valuation is that a stock of items is necessary to expedite production and sales. If inventory become obsolescence‚ goes through physical deterioration‚ and price declines occur‚ or even if the stock when finally
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Guillermo Furniture Store Analysis ACC/561 September 25‚ 2010 Guillermo Furniture Store Analysis Emerging markets‚ new processes and increased competition affect business decisions for many small businesses. Guillermo Furniture Store is a small business currently experiencing the affects of emerging competition. Because of this‚ the organization decided to take a more prominent role in distributing. The authors will be taking a deeper look into this decision and will provide a detailed
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ACC/260 Week 8 Individual The situation in “Locker Room Talk”‚ centers on Albert Gable‚ a partner in a CPA firm. Mr. Gable took on a married couple‚ Larry and Susan Wilson‚ as clients for financial planning‚ and as he worked their case he became their personal friends. Albert knew that their marriage had some problems‚ and as he was auditing a bank‚ which he did annual audits for‚ he discovered some discrepancies in the information that the Wilson’s gave him and the information that the bank had
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technical skills with the need for articulate managers. The second paradox is the auditee paying the auditor causing independence problems. The third paradox is the precision of bookkeeping and the subjectivity of applied accounting theory. The fourth and final paradox is the education of accountants (Flegm). The first paradox deals with the relationship between the two main personalities. The introvert is someone who has the technical skills. An extravert is someone who has the articulate skills. While many
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Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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“Something’s are just wrong” Jessica Barnett SOC120 Richard Abshier Aug. 27‚ 2012 In "Some Moral Minima‚" Lenn Goodman argues that there are certain things that are simply wrong. Do you think Goodman is right? One of the most controversial subjects is that of pornography. So many people argue over whether or not it should be legal. I would agree that something’s are just wrong‚ however is is really our place to attempt to force others to live according to our beliefs? I think trying to force
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Ratio Analysis Memo ACC 291 Ratio Analysis Memo For this assignment we need to choose a virtual organization and prepare a memo to the CEO to discuss the findings from our ratio calculations and also submit a horizontal and vertical analysis for the balance sheet and the income statement. The virtual organization our team chose was Berry’s Bug Blasters. Listed first in this paper will be the ratio calculations; liquidity‚ profitability‚ and solvency. Solvency Ratios | Debt to Total
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