1. Calculate the effect on the financial statements in Tables 1 and 2 if the accounting system were changed to incorporate the cost of barrels ($31.50 each) into the inventory accounts. a. What would pretax profit be in 1961? Booker Jones increased production by 20‚000 barrels. If the cost of barrels is $31.50‚ then these 20‚000 barrels would cost $630‚000. This will be added to inventory account and hence will generate pretax profit of $630‚000 – 407‚000 = $223‚000. b. If the change were made
Premium Generally Accepted Accounting Principles Inventory Balance sheet
Name: ________________________ Class: ___________________ Date: __________ ID: A Chapter 13 Reformation Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. The northern Christian humanists a. felt pessimistic about the future of humanity. b. were sophisticated and realistic in their expectations. c. totally rejected the primacy of the Catholic Church. d. doubted that education could solve the world’s problems. e. championed the study
Premium Christianity Protestant Reformation Religion
BADM 112 Chapter 15: Case Study – Nordstrom 1. Nordstrom is a department store retailer‚ carrying household goods‚ electronics‚ apparel‚ cosmetics & sometimes furniture. Each department has their own area of checkout & the few other department stores include Macy’s‚ JCPenney‚ Sears‚ & Dillard’s. All these department stores carry the same type of products‚ but from different manufacturers. 2. Nordstrom would be considered a full service store because their employees can be persuasive in purchases
Premium Department store Customer service Sales
Constitutional Convention through the Age of Jackson‚ our nation was forged and held together by compromises.” I chose to cover 5 different compromises from this time period. They are: “The Great Compromise”‚ “The 3/5ths Compromise”‚ “Presidency Compromise”‚ “Tariff Compromise”‚ and “The Missouri Compromise”. At the Constitutional Convention‚ which started May 1887‚ one of the nation’s first compromises was reached. There were two plans that were up for debate. William Paterson of New Jersey had
Premium United States Constitution Thomas Jefferson United States
CElaine Church History 151 Midterm #1 The Compromise of 1877 The Compromise of 1877 marked the dawn of a new era in American History. Most events after the compromise‚ decades down the road‚ are direct results of the compromise. Specifically blacks were most affected by this. Rights they were promised when they fought with the north in the civil war were gone. The rights were not taken away per say‚ but simply not enforced. The compromise that most likely saved the nation from breaking back
Premium Southern United States Ku Klux Klan African American
Chapter 15: Decision Making Models and Knowledge Management 1) Why are knowledge management and decision making processes important in the study of accounting information systems? Knowledge management and decision making processes are important in the study of accounting information systems because these are concepts that are able to improve the processing of financial data. By making the process of financial data more efficient‚ these concepts assist managers in making accurate decisions for
Premium Decision making Cognition Management
Robert T. Kiyosaki focuses on the different life decisions that determine or contribute to a person’s future in hopes that people will realize that they could turn their life around if they really were determined to do so. In chapter one‚ Mike and Robert Kiyosaki feel like outcasts `because they go to an elementary school full of rich students where they seem to be the only ones who are poor and it hurt them but “that hurt was good‚ because it inspired us to keep thinking of a way to make money”
Premium Education High school School
“If the freedom of speech is taken away then dumb and silent we may be led‚ like sheep to the slaughter”. George Washington served most of his life in the Military and lead the Continental Army to multiple victories which had an enormous significance in getting France involved in the war for their independence. However‚ Washington wrote his “Farewell Address” at the end of second term of his presidency stating that he will no longer serve as the president of the United States America. But why? Was
Premium
E15-1 (Recording the Issuances of Ordinary Shares) during its first year of operations‚ Sitwell Corporation had the following transactions pertaining to its ordinary shares. Instructions 1. (a) Prepare the journal entries for these transactions‚ assuming that the ordinary shares have a par value of €3 per share. 2. (b) Briefly discuss how the entries in part (a) will change if the shares are nopar with a stated value of €2 per share. E15-2 (Recording the Issuance of Ordinary and Preference Shares)
Premium Dividend Stock market Corporate finance
Chapter 15: Designing and Managing Value Networks and Channels GENERAL CONCEPT QUESTIONS Multiple Choice 1. Intermediaries who buy‚ take title to‚ and resell the merchandise are called ________. a. retailers b. facilitators c. marketers d. agents e. merchants Answer: e Page: 468 Level of difficulty: Easy 2. Companies that search for customers and may negotiate on the producer’s behalf but do not take title to the goods are called ________
Premium Marketing