CHAPTER 17 SUGGESTED ANSWERS Exercise 17 - 1 Jan. 5 Purchases 1‚789‚200 Accounts Payable 1‚789‚200 70‚000 x P25.56 Mar. 9 Purchases 16‚780 Accounts Payable 16‚780 100‚000 x P.1678 May 10 Accounts Payable 1‚789‚200 Foreign Exchange Gain or Loss 2‚800 Cash 1‚792‚000 70‚000 x P25.60 = P1‚792‚000 16 Accounts Payable 16‚780 Foreign Exchange Gain or Loss 1‚280 Cash 15‚500
Premium Balance sheet Generally Accepted Accounting Principles Liability
APES Ch 7 and 17 Study Guide Water Resources and Pollution Chapter 7 Water Resources Vocabulary Precipitation Infiltration Runoff Capillary water Transpiration Evaporation Percolation Gravitational water Ground water Water table Aquifer Recharge area Seep Spring Acidity Turbidity Hardness Salinity Dissolved oxygen BOD pH Chapter 17 Water Pollution Vocabulary Turbid Phytoplankton Eutrophication Nonbiodegradable Point source pollution Nonpoint source pollution
Premium Water pollution Water
Chapter 1 Managerial accountingis the process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organizations goals. Managerial accounting is an integral part of the management process‚ and managerial accountants are important strategic partners in an organizations management team. Four fundamental management processes that help organizations attain their goals Decision making‚ Planning(developing a detailed financial and operational description of
Premium Management accounting Variable cost Costs
Chapter7&8 discussion questions CHAPTER 7 Discussion Questions : #2. Why is there a trend toward cross-functional integrated enterprise systems in business? Due to positive turnout of many businesses‚ cross-functional integrated systems is not only becoming a trend but will be here to stay. The whole system provides savings from time‚ cost and quality compared to manually re-entering of data from one business function system into another system especially if it is still on a non-integrated
Premium Accounting software Supply chain management Accounts receivable
to below Great Lakes region‚ made Catholicism the religion; Admin of Justice Act – English officials accused of murdering colonists while enforcing royal stuff tried in England; Gov. Act – no more assembly 1st Continental Congress meets b/c this; 12/13 colonies represented; The Continental Association formed – boycott on all British goods; Suffolk Resolves said Mass. didn’t follow Int. Acts‚ put Mass. in a state of rebellion (according to British)‚ provisional gov. for Mass. w/ tax‚ defensive measures
Premium Samuel Adams American Revolutionary War American Revolution
Management Accounting Managerial accounting is the process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organization’s goals. Managerial accounting is an integral part of the management process‚ and managerial accountants are important strategic partners in an organization’s management team. The relation between accounting and management has been commonly expressed by the phrase‚ “Accounting is a tool of management”. Accounting practice has
Premium Management accounting Management Strategic management
Chapter 7 Stock Valuation Solution to Problems P7-1. LG 2: Authorized and Available Shares Basic (a) Maximum shares available for sale Authorized shares 2‚000‚000 Less: Shares outstanding 1‚400‚000 Available shares 600‚000 (b) $48‚000‚000Total shares needed 800‚000 shares$60== The firm requires an additional 200‚000 authorized shares to raise the necessary funds at $60 per share. (c) Aspin must amend its corporate charter to authorize the issuance of additional shares. P7-2. LG 2: Preferred Dividends
Premium Stock market Stock Preferred stock
A reporter who had previously interviewed Gatsby before the information about his early life was known‚ headed to New York in anticipation of interviewing him again. The truth is Gatsby was born James Gatz in North Dakota on a farm. He attended St. Olaf’s in Minnesota while working as a janitor to pay his tuition‚ but dropped out after only two weeks. The next summer while he worked on Lake Superior digging for clams and fishing for salmon‚ he spotted a yacht owned by Dan Cody‚ who was a wealthy
Premium Jay Gatsby The Great Gatsby F. Scott Fitzgerald
CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
Premium Costs Variable cost Total cost
This is a reasonably accurate definition but I think you need a little more information to help you understand how to use this concept. There are certain features of direct costs that I would like to explain with this note. In the problems in Chapter 2‚ it is generally assumed that direct costs are physically traceable and that they relate only to production costs. In other words‚ they are direct with respect to the product. When we talk about direct costs we need to be clear about what we mean
Premium Cost Cost accounting Costs