CHAPTER 4 THE ACCOUNTING CYCLE: ACCRUALS AND DEFERRALS OVERVIEW OF BRIEF EXERCISES‚ EXERCISES‚ PROBLEMS‚ AND CRITICAL THINKING CASES Brief Exercises B. Ex. 4.1 B. Ex. 4.2 B. Ex. 4.3 B. Ex. 4.4 B. Ex. 4.5 B. Ex. 4.6 B. Ex. 4.7 B. Ex. 4.8 B. Ex. 4.9 B. Ex. 4.10 Learning Objectives 3‚ 4 3‚ 4 3 3 6 4 5 5 5 8 Topic Deferred expenses and revenue Deferred expenses and revenue Accounting for supplies Accounting for depreciation Accrued revenue Unearned revenue Accrued salaries Accrued interest Accrued
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Chapter 4 Problems 1‚ 2‚ 3 = straightforward‚ intermediate‚ challenging Section 4.1 The Position‚ Velocity‚ and Acceleration Vectors 1. A motorist drives south at 20.0 m/s for 3.00 min‚ then turns west and travels at 25.0 m/s for 2.00 min‚ and finally travels northwest at 30.0 m/s for 1.00 min. For this 6.00-min trip‚ find (a) the total vector displacement‚ (b) the average speed‚ and (c) the average velocity. Let the positive x axis point east. 2. A golf ball is hit off a tee at the
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Jennifer Poldo Week 4 Homework EC 141 Principles of Macroeconomics 2. How many recessions has the United States experienced since 1950? Which ones were the longest in duration? Which ones were the most severe in terms of declines in real output? The united States has had a total of 10 recessions since 1950. The years that were the longest in duration were 2007-2009 which ran for 18 months. Second fell 1973-75 and 1981-82 which ran for 16 months. The most severe was in 1973-75 with -4.9%
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Andre has asked you to evaluate his business‚ Andre’s Hair Stylling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year‚ regardless of the number of haircuts. Rent and other fixed expenses are $1‚750 per month. Hair shampoo used on all clients is .40 per client. Assume that the only service performed is the giving of haircuts‚ the unit price of which is $12. Andre has asked you to find the following information
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Ch. 4 SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 4-1 STARR CO. Income Statement For the Year 2010 Revenues Sales $540‚000 Expenses Cost of goods sold $330‚000 Wage expense 120‚000 Other operating expenses 10‚000 Income tax expense 25‚000 Total expenses 485‚000 Net income $55‚000 Earnings per share $0.55* *$55‚000 ÷ 100‚000 shares. Note: The increase in value of the company reputation and the unrealized
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Letersky Altvater Altvater Aiken 3. Before any row can be entered in the SECTION table‚ the COURSE_ID to be entered must already exist in the COURSE table. Write an SQL assertion that will enforce this constraint. 4. Write SQL definition commands for each of the following queries: a. How would you add an attribute‚ CLASS‚ to the STUDENT table? b. How would you remove the IS_REGISTERED table? c. How would you change the field for FACULTY_NAME from 25
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Indicate the effects of the transactions listed in the following table on total current assets‚ current ratios‚ and net income. Use (+) to indicate an increases‚ (-) to indicate decrease‚ and (0) to indicate either no effect or an indeterminate effect. 4-10 | Total Current Assets | Current Ratio | Effect on New Income | a. Cash in acquired through issuance of additional common stock | + | + | 0 | b. Merchandise is sold for cash | + | + | + | c. Federal income tax sue for the previous year
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via recruitment agencies‚ college placement offices‚ executive search firms‚ job centers and so forth. Today with online recruitment (through company’s website or websites of companies that specialize in that (Cariera‚Indeed‚etc)) and with social recruiting‚ HR specialist can target a wide population of applicants and search for the appropriate candidate without spending much money or time. Social media offer a better bounce rate‚ higher quality and lower cost per reach comparing to other recruitment
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= -2.174‚ c = .461‚ and d = 1.909‚ 1. Determine the price elasticity of demand. =-2.174 2. Determine the income elasticity of demand. = 0.461 3. Determine the cross price elasticity of demand =1.909 4. How would you characterize the demand for haddock? -2.175 = demand is elasticity as it is more than 1 0.461=if income went up 1% its effect is minimum. 1.909=if price elasticity is 1.909 it will effect haddock. 5. Suppose
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1. List at least five reasons why people visit Web sites. • Learn about products or services that the company offers • Buying products or services that the company offers • Obtaining information about warranty‚ service‚ or repair policies for products purchased • Obtaining general company or organization information • Obtaining financial information for making an investment in the compnay or organization • Identifying the people that manage the organization • Obtaining contact information
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