FI 512 Week 2 Answer Key Chapter 3 1. [Business Organization and Intellectual Property] Phil Young‚ founder of the Pedal Pushers Company‚ has developed several prototypes of a pedal replacement for children’s bicycles. The Pedal Pusher will replace existing bicycle pedals with an easy release stirrup to help smaller children hold their feet on the pedals. The Pedal Pusher will glow in the dark and will provide a musical sound as the bicycle is pedaled. Phil plans to purchase materials
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1) As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. 2) What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
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Systems Development Life Cycle SDLC (Systems Development Life Cycle) is the process of creating or modifying existing systems and the models and methodologies that are used in the process. In the fields of software engineering and information systems‚ SDLC denotes a framework of methodologies aimed at the creation of an information/software system‚ i.e. the software development process. SDLC covers many activities across well defined phases. These include questioning why the information system
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unions all of the above 4. Expenses can be found in the: a. b. c. statement of owner’s equity income statement balance sheet d. e. both b and c all of the above 5. This account does not appear on the income statement: a. b. c. accumulated depreciation depreciation expense sales revenue d. e. marketing expense interest expense 6. A brand new company has a building costing $10‚000‚ machinery costing $5‚000‚ cash of $700‚ and a bank loan of $7‚850. What is the owner’s equity? a. b. c. $8‚850 $15‚700
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that does not exist in private sector organizations but do exists in public sectors which are heritage assets‚ military assets and infrastructure assets. Issues relating to these heritage assets are regarding the life cycle of the assets. As we know‚ heritage assets have a long life cycle compared to other assets. The acquisition costs of most of the assets are unknown. Some of them are found by the archaeological researchers while the others may be acquired or seized during the war and so forth. This
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Chapter 4 Completing the Accounting Cycle Exercises (20-30 min.) E 4-13 Req. 1 Telegraphic Link Worksheet Month Ended November 30‚ 2012 ACCOUNT TITLE TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash $4‚000 $4‚000 $4‚000 Accounts receivable 3‚200 (a) $600 3‚800 3‚800 Prepaid rent
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ALCAR approach: the Alcar Group Inc. a management education and software company‚ developed an approach to VBM which is based on discounted cash flow analysis Determinants of shareholder value: according to Alfred Rappaport author of creating share holder value; a guide to managers and investors‚ who is regarded as father of share holder value‚ the following seven factors called “value drivers” affect shareholder value 1. Rate of sales growth 2. Operating profit margin 3. Income tax rate 4. Investment
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Zesna Auto Ltd Zesna is considering the manufacture of a new bike‚ Gale‚ for which the following information has been gathered. Gale is expected to have a product life cycle of five years after which it will be withdrawn from the market. The sales revenue from this product is expected to be as follows: Year 1 2 3 4 5 Sales (Rs. in million) 700 850 1100 1000 800 1. The capital equipment required for manufacturing Gale costs Rs.600 million and
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MARKETING FINANCE- NOTES Marketing is the management process responsible for identifying‚ anticipating and satisfying customer requirements profitably.’ The new one is: ‘The strategic business function that creates value by stimulating‚ facilitating and fulfilling customer demand. It does this by building brands‚ nurturing innovation‚ developing relationships‚ creating good customer service and communicating benefits. By operating customer-centrically‚ marketing brings positive return on investment
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heavy reliance on direct labor hours. The ETO served as a central cost center‚ and transferred the costs to other divisions at direct costs plus allocated burden. Being in the late 1970s and early 1980s‚ technology testing of components required fewer cycles‚ and less complicated structures. Hence‚ such testing on products could be carried out by direct labor. The products included Integrated circuits‚ capacitor resistors‚ transistors and similar components. The testing center would handle about 500 components
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