STUDENT’S NAME______________Jill Riester____89.97%_______________ CHAPTER 7 QUIZ Indicate whether the following statements are true or false. (3.35 points each). For any false statement‚ indicate why it is false. (3.33 points) __T___ 1. A direct cause-and-effect relationship exists between the revenues and expenses of an Internal Service Fund. _____________________________________________________________________________________ ___F__ 2. Internal Service Funds are used to account for activities
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CHAPTER 7 Cash and Receivables ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. 2. Accounting for cash. Accounting for accounts receivable‚ bad debts‚ other allowances. Accounting for notes receivable. Assignment and factoring of accounts receivable. Analysis of receivables. Petty cash and bank reconciliations. Questions 1‚ 2‚ 3‚ 4‚ 21 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15 14‚ 15 16‚ 17‚ 18‚ 19 20 22 Brief Exercises 1 2‚ 3‚ 4‚ 5 Concepts Exercises 1‚ 2 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12 18‚ 19
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Chapter 7 1. According to Karl Marx social class depends on a factor of a person’s relationship to the means of production. He distinguished two classes: owner of the means of production (bourgeoisie) and a worker who works on these factories‚ tools and land‚ proletariat. Marx believed that person’s life is shaped only with regard of what he owns and what he works on. Max Weber believed that social class is made up of three elements: property‚ power and prestige. According to Weber‚ property is
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CHAPTER 7 Fraud‚ Internal Control‚ and Cash Study Objectives 1. Define fraud and internal control. 2. Identify the principles of internal control activities. 3. Explain the applications of internal control principles to cash receipts. 4. Explain the applications of internal control principles to cash disbursements. 5. Prepare a bank reconciliation. 6. Explain the reporting of cash. 7. Discuss the basic principles of cash management.
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distinguish each other by personalities as a whole rather than the color of our skin or ethnicity. In fact‚ according to studies by the Huffington Post‚ by 2042 the racial minorities will become the majorities of the United States population. In Richard Rodriguez’s article‚ “Blaxicans and Other Reinvented Americans”‚ he states how immigrants aren’t getting the credit for what they deserve. In addition‚ he describes how the younger generations are changing and forming the cultures in America. I agree
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Drucker: Chapter 7 – The Objectives of a Business The emphasis on profit can misdirect a manager and endanger business survival by: Undermining the future Push the easily sold line to the detriment of others Short-change research‚ promotion and other postponable investments Delay capital spend as it could effect the bottom line leading to obsolescence of equipment Management is the balance of a number of business needs and goals this requires judgement. Objectives are needed in every area where
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Management‚ 10e (Robbins) Chapter 7 Foundations of Planning 1) Planning is concerned with how objectives are to be accomplished‚ not what is to be accomplished. 2) Planning provides direction to managers and nonmanagers alike. 3) Even without planning‚ departments and individuals always work together‚ allowing organizations to move efficiently toward its goals. 4) Research indicates that nonplanning organizations always outperform planning organizations. 5) Goals are the foundation of organizational
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Chapter 7- Outline IntroductionA. Mid 9th century losing control1. Rebellious governors2. New challenging dynastiesB. …but still creative – ironically – a golden age without political stability1. architecture2. fine arts3. literature4. philosophy5. mathematics and scienceC. Territorial growth – warriors‚ traders‚ wandering mystics1. political conquest2. peaceful conversionD. Conduit for exchange – between urban/agrarian centers and between nomadic peoples1. ideas2. plants and medicines3. commercial
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that triggered the decision to break free from what is traditional. Based on “The Achievement of Desire‚” Richard Rodriguez has not broken the hold of tradition over him‚ and that he has not become his own authority because he has remained obedient to all those whom he had considered symbols of authority like his parents‚ his teachers and the society. There are a number of reasons why Rodriguez has not left tradition. Firstly‚ there has not been any event in his life‚ particularly in his school life
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Chapter 7 intermediate 1 points Save Remington Corporation had accounts receivable of $100‚000 at 1/1. The only transactions affecting accounts receivable were sales of $600‚000 and cash collections of $550‚000. The accounts receivable turnover is A. 4.0. B. 4.8. C. 4.4. D. 6.0. 1 points Save The percentage-of-receivables approach of estimating uncollectible accounts emphasizes matching over valuation of accounts receivable. True False 1 points
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