___________________________________________________________________________ 1. Inventory is usually reported as a long-term asset in the balance sheet. True 2. Cost of goods sold is an asset reported in the balance sheet and inventory is an expense reported in the income statement. True 3. False Using the first-in‚ first-out method (FIFO)‚ the first units purchased are assumed to be the first ones sold. True 9. False Companies are not allowed to report inventory costs by assuming which units of inventory are sold and which units
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BIBL 104 STUDY GUIDE: MODULE 3 As you read this week’s textbook reading assignments‚ take notes in response to these questions and statements. This study guide will help you to prepare for your quiz. Harbin Chapter 8 1. Why does the book of Numbers begin with a census? It was directed by God‚ it gave a count of people and organized them (structure)‚ a baisis to use for dividing the land‚ helped inpress with the great work of God’s sustenance 2. What is a Nazirite? set apart‚ no hair cut
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stockholders and managers? Student Response 1. Congress passes a law that severely restricts hostile takeovers. 2. A firm’s compensation system is changed so that managers receive larger cash salaries but fewer long-term options to buy stock. 3. The company changes the way executive stock options are handled‚ with all options vesting after 2 years rather than having 20% of the options awarded vest every 2 years over a 10-year period. 4. The company’s outside auditing firm is given a lucrative
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Murray the Potato Jason Question 2 1 out of 1 points During the Age of _____‚ children lived with their parents for 100 years before turning into arrogant adults. Selected Answer: Silver Answers: Silver Bronze Heroes Iron Question 3 1 out of 1 points Prometheus knew that the sea nymph _____ was going to give birth to a son who was mightier than his father. Selected Answer: Thetis Answers: Thetis Amphitrite Galatea Mayella Question 4 1 out of 1 points Hera’s
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FINANCE INSTRUCTOR: DR. FALEEL JAMALDEEN COURSE: ACT 240 MANAGERIAL ACCOUNTING STUDENT NAME: STUDENT I.D.: Part Total Marks Part 1 20 Part 2 40 Part 3 40 TOTAL 100 Marks Obtained Instructions 1. All the answers need to be submitted hand written as hard copy. 2. The last date for submission of the assignment is 15th October 2014 3. If the assignment was found plagiarized or copied from another sources you will lose 10 marks) Total grade 10 Answer all the questions Part I Question 1 (5
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the following: A) the present value of future dividends to be paid. B) the total par value of common stock. C) retained earnings. D) B and C‚ but not A. 3. A corporate charter specifies that the company may sell up to 20 million shares of stock. The company sells 12 million shares to investors and later buys back 3 million shares. Of the 3 million shares bought back‚ the company cancels 2 million and holds 1 million. The number of authorized shares after these
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St. George County Council Trade is both: 1. The act of transporting/delivering (at least for reward) : ANA Case 2. All commercial arrangements of which transportation is a direct and necessary result form part of trade or commerce : McArthur 3. The preliminary mutual communings‚ negotiation and bargaining oral or written. McArthur 4. Intangibles (gas‚ electricity‚ visual signs‚ communication: Bank Nationalisation case 5. Profit element is Not essential : St George CC Are professions
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semi-annually. Regions Best (EAR) = (1 + 13.17/12)12 – 1 = 14% compounded monthly. 2.) National First Bank would be the best choice. The reason being is that they provide a lower interest rate‚ which is determined from the solution above. 3.) EAR = ( 1 + 8.6/12)12 - 1 = 8.95% compounded monthly. Monthly payment = 8.95% of $69‚50‚000 = $622025 PVA = C({1 – [1/(1 + r)]t } / r) $6‚950‚000 = $C[1 – {1 / [1 + (.086/12)]60} / (.086/12)] Solving for the payment‚ we get: C = $6
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Record the letter next to the number. 1. _____ Fetherston Company’s goods in transit at December 31 include: sales made purchases made (1) FOB destination (3) FOB destination (2) FOB shipping point (4) FOB shipping point Which items should be included in Fetherston’s inventory at December 31? a. (2) and (3) b. (1) and (4) c. (1) and (3) d. (2) and (4) 2. _____ Cost of goods sold is computed from the following equation: a. beginning inventory – cost of goods purchased + ending inventory.
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of faulty logic is an example of _____. Student Answer: hasty generalization appeal to authority false dilemma false analogy free wheeling Points Received: 4 of 4 Comments: Question 3. Question : Do you have only a few select friends or a large circle of friends? What fallacy is operating here? Student Answer: Straw man Appeal to fear Ad hominem False dilemma Questionable statistics
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