Homework Problems Professor Hubler 07/12/2015 1. When an investor uses the equity method to account for investments in common stock‚ cash dividends received by the investor from the investee should be recorded as? D. A deduction from the investment account DI. DII. Sisk Company has owned 10 percent of Maust‚ Inc.‚ for the past several years. This ownership did not allow Sisk to have significant influence over Maust. Recently‚ Sisk acquired an additional 30 percent of Maust and now will use the
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1. Define the decision problem. : The decision problem is that Hurricane Katrina has struck Louisiana now there is no location to have the conference. 2. As part of defining the decision problem‚ the following questions should be addressed: * What is the general nature of the problem? * What event triggered the situation? * Are we imposing any constraints on the situation? * What are the underlying elements of the problem? * Are there dependencies on
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Labelling bias occurs in everyday society. For example‚ within mental illness (Rosenhan‚ 1973). Evidence show that‚ labelling bias is putting‚ or forcing a unique individual in a specific group‚ and the assumptions others may have of that label (Fox & Stinnett‚ 1996). Labels are evocative‚ whether they are for the better‚ or for the worse. This goes to show that label bias are‚ too narrow and very limited of a conception to really define an individual. According to Rolision and Medway (1985) there
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Response Paper 2 1. How would you explain the similarities and differences between fundamental attribution error and self-serving bias to someone who was not familiar with the two concepts? Fundamental attribution error and self-serving bias are similar in that they both are errors made using perception. Fundamental attribution error deals with wrongly explaining a behavior based on some factors that are internal. It can also be explained as over exaggerating a reason behind a person’s behavior or
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call in return. In situation like this‚ it is easy to jump to conclusions in an intuitive manner that your friend wants to avoid you. The danger‚ of course‚ is that you leave this belief unchecked and start to act as though it were true. Confirmation bias occurs from the direct influence of desire on beliefs. When people would like a certain idea/concept to be true‚ they end up believing it to be true. They are motivated by wishful thinking. This error leads the individual to stop gathering information
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quite skilled in making the right decisions or making accurate estimates‚ and decide to just focus on that while disregarding those times where they had made the bad decision that ended in a poor outcomes they are said to have a form of “Confirmation Bias.” It refers to the moments where people choose to search for evidence that confirms prior beliefs‚ with an associated tendency to underweight any evidence to the contrary. “For example‚ those who frequently trade stocks may only remember the instances
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1. What is the Documentary Theory? The Document theory according to Oswald T. Allis comprised of four main areas of high criticism and rationalization. The also lead to the enlightenment. They consisted of: “ The Variations in the Divine Names in Genesis; The Secondary Variations in Diction and Style; The Parallel or Duplicate Accounts (Doublets); The Continuity of the Various Sources. The theory basically tries to debunks Moses as being the author of Genesis through rationalization and
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Assignments from the Readings ACC/400 July 15‚ 2013 Assignments from the Readings Chapter 8‚ Question 3: What are essential features of the allowance method of accounting for bad debt? According to Kimmel‚ Weygandt‚ & Kieso‚2007: 1. Estimated uncollectible accounts receivable: These accounts match them against revenues in the same accounting period. 2. “Record estimated uncollectible as an increase (a debt) to bad debt expense and an increase ( a credit) to Allowance for Doubtful
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Financial Indicators Decision Making Simulation Form Date: 9/11/2013 1. What cost cutting options were chosen? Explain why those were chosen. The cost-cutting that was chosen is to downsize staff and reduce benefits. Downsizing staff will give a moderate savings of $ 5‚030.604 per year and control rising costs. Additionally‚ hospital staff will be given a 60 day notice. Laid off staff will have assistance in searching for new jobs
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(1) Estimated contribution margins for the next fiscal quarter (000s omitted): Computer Place Poster Paper Napkins Mats Board Total Number of units 30 120 45 80 275 Sales $420 $840 $540 $680 $2‚480 Cost of goods sold: Variable costs 225 612 270 360 1‚467 Contribution margin $195 $228 $270 $320 $1‚013 Unit revenue and costs information: Computer Place
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