SOLUTIONS FOR MULTIPLE‑CHOICE QUESTIONS 6.24 a. Correct Risk is high when the company always estimates the inventory but never takes a complete physical count. b. Incorrect Risk is low when the petty cash box is always locked in the desk of the custodian. c. Incorrect Risk is low when management has published a company code of ethics and sends frequent communication newsletters about it. d. Incorrect Risk is low when the board of directors reviews and approves all investment transactions. 6.25
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Problem 6-36 1. Machine supplies: $102‚000 / 34‚000 DLH = $3/hr January: 23‚000 DLH x $3 = $69‚000 Depreciation: Fixed at $15‚000 2. Plant maintenance cost: | March | January | | (34‚000 hrs) | (23‚000hrs) | Total cost*Less: Machine Supplies DepreciationPlant maintenance | $ 586‚000(102‚000) (15‚000)$ 469‚000 | $ 454‚000(69‚000) (15‚000)$ 370‚000 | *Excludes supervisory labor cost Variable maintenance cost
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Kieso‚ Weygandt‚ Warfield‚ Young‚ Wiecek‚ McConomy Intermediate Accounting‚ Tenth Canadian Edition CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL REPORTING ASSIGNMENT CLASSIFICATION TABLE Topic Brief Exercise Usefulness of the Conceptual Framework (CF) and main components of CF Exercise Problem 5‚ 7 Writing assignments 1 Qualitative Characteristics 1‚2‚3‚9 1‚5‚6‚7 2‚3‚4‚5‚7‚8 3‚5 Elements 4‚5‚6‚7 2‚7 2‚3‚5‚8 3 Foundational
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Chapter 8: Salts 1. Salts A salt is an ionic compound. The anion part comes from the acid while the cation part comes from a base. Example: KCl‚ KOH(aq) + HCl(aq) KCl(aq) + H2O(l) A salt is a compound formed when the hydrogen ion. H+ from an acid is replaced by a metal ion or an ammonium ion‚ NH4+. Salts Nitrate salts Carbonate salts Chloride salts Soluble All nitrate salts Potassium carbonate‚ K2CO3 Ammonium carbonate‚ (NH4)2CO3 Sodium carbonate‚ Na2CO3 All chloride salts Except Sulphate salts
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Uncertainty Adapting to the Environment The Internal Environment: Corporate Culture Symbols Stories Heroes Slogans Ceremonies Environment and Culture Adaptive Cultures Types of Cultures New Manager Self-Test: Cultural Preference Shaping Corporate Culture for Innovative Response Managing the High-Performance Culture Cultural Leadership Learning Outcomes Chapter Outline © GE T TY IMAGES/DIGITAL VISION pt2 After studying this chapter‚ you should be able to: 1. Describe the general and task environments
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Chapter 7 Corporate Strategy 1. Corporate strategy is concerned with ’where’ a firm competes (in which industries it competes)‚ while business strategy is concerned with ‘how’ a firm competes in a specific industry. @Pages and References: Pages 308-310 *a. T b. F 2. Product scope‚ international scope‚ and vertical scope are part of corporate level strategy decisions. @Pages and References: Pages 308-310 *a. T b. F 3. "How profitable do we want to be?" is the starting-point of corporate strategy
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Internet Case Study for Chapter 8: Location Strategies. Southwestern University’s Location Decision Question 1: The 5 factors that are selected by Gardner for evaluation seem reasonable. But for a decision as important as this to make it based on just 5 factors seems unwise as it does not reflect the numerous variables. However‚ they are the most important and crucial things that must be considered when deciding which is the best option. Some more factors that could be considered are availability
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Chapter 7 * Encoding-entering/getting information into your memory; forming a memory code * Storage- saving information into your memory over time * Retrieval- being able to recall information from memory * Tip- of-the-tongue phenomenon- when you know certain information but have difficulty being able to recall it. * Attention- focusing your awareness to certain thing * Structural encoding- emphasizes the physical structures of a stimulus * Phonemic encoding- emphasizes
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CHAPTER 1 Goals and Governance of the Firm Answers to Problem Sets 1. a. real b. executive airplanes c. brand names d. financial e. bonds f. investment g. capital budgeting h. financing 2. c‚ d‚ e‚ and g are real assets. Others are financial. 3. a. Financial assets‚ such as stocks or bank loans‚ are claims held by investors. Corporations sell financial assets to raise the cash to invest in real assets such as plant and equipment. Some
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retailers in the U.S. by sales. In its most recent year in 2012‚ Target who has proclaimed itself as “cheap chic” produced over $70 billion in revenue through the sales of apparel‚ house wares‚ electronics and other products (Exhibit 5). At Target‚ corporate governance practices have been in place for more than 50 years‚ and continue to evolve to balance the interests of the Board‚ shareholders and management to maximize efforts. A majority of the 12-member Board is independent and selected based on
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