The following selected transactions were completed by Reuben’s Delivery Service during October: 1. Received cash from owner in exchange for capital stock‚ $20‚000. 2. Purchased supplies for cash‚ $900. 3. Paid rent for October‚ $3‚000. 4. Paid advertising expense‚ $2‚500. 5. Received cash for providing delivery services‚ $23‚100. 6. Billed customers for delivery services on account‚ $41‚750. 7. Paid creditors on account‚ $4‚500. 8. Received cash from customers on account‚ $36‚200. 9. Determined that
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2. Do you think the CAPM model is an appropriate way to calculate the cost of equity for these projects? Why or why not? Yes‚ the CAPM model is an appropriate way to calculate the cost of equity for these projects because they are short-term and it takes into account the riskiness of each project. 5. Which of the projects are unacceptable and why? Projects A and B are unacceptable because they both have negative Net Present Values. 7. Which project do you recommend and why? Explain why each
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Accounting 525 01W‚ 02W and 03W Advanced Managerial Accounting Spring 2013 Instructor: Class Hours: Online Course Office Hours: Online Course Class meeting dates: January 14th – May 10th Text: Managerial Accounting‚ 14th ed.‚ by Garrison‚ Noreen and Brewer. ISBN 9780077503932 (Hard cover bundle – text and Connect access) or 9780077909703 (Loose leaf bundle) or 9780077317751 (electronic Connect Plus with on line text) Prerequisites:
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1. (TCO 1) Historical research involves four main tasks. Interpret refers to the task of: (Points : 4) locating primary sources to learn the facts asking questions like "Who created the source and why?" analyzing all the available primary sources and judging which is the most accurate distributing the new findings to the world 2. (TCO 6) The main fronts in World War I were in: (Points : 4) France and Russia Germany and Austria Italy and
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Week 5: Case Study 2 - Internal Control Acct Fin: Managerial Use‚Anlys 1. Inform the President of any new internal control requirements if the company decides to go public. (7 points) Answer – Based on facts given in the case‚ new internal control requirements that are needed for the company to go public are listed below a. Compliance with Sarbanes-Oxley Act Regulations b. Compliance with SEC‚ GAAP and IFRS procedures to record all transactions c. Internal audit on company financial
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ACCT 2010: Fall 2012 Sections L08‚ L09‚ and L15 GROUP PROJECT Please form groups of four to five students. Each group should analyze three cases provided below and write a short report. The objectives of the project are to help you develop the ability to 1) evaluate situations that have ethical implications‚ 2) identify the stakeholders and their interests‚ 3) describe ethical dilemmas and propose solutions‚ and 4) explain the importance of social responsibility. Each group should submit a written
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ACCT 350—TENTATIVE SCHEDULE—Spring 2015 DATE TOPICS/CLASS WORK HOMEWORK 1-14 Course Introduction Chapter 2: Basic Cost Management Concepts 1-21 Chapter 2 continued Chapter 4: Activity-Based Costing Read Chapters 2 and 4 Ch 2: 28‚ 32‚ and 33 Ch 4: 28 and 29 1-28 Chapter 4 continued Chapter 7: Allocating Costs of Support Departments and Joint Products Introduce Time-Driven ABC article and Kemps LLC case Read Chapter 7 Ch 4: 30‚ 32‚ and 33 Ch 7: 7‚ 8‚ 9‚ 12‚ 20‚ 21‚ and 34 2-4 Chapter 7 continued
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Patrick Treadwell Acct 301 Project 4 Case 9-1 Hudson has been dealing with substantial warehouse costs. Hudson should account for these warehouse costs related to inventories by removing them from the cost of inventories. We learn that certain criteria need to be met in order to establish this which includes: cost incurred to bring inventory in a location to sale (Spiceland). Hudson Company uses the lower-of-the-cost-or-market method for the reason that is allows you not to place greater value
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Test 1 Chapters 1-4 Student: ___________________________________________________________________________ 1. A cause-and-effect relationship is implicit in the: A. Realization principle. B. Historical cost principle. C. Matching principle. D. Going concern assumption. 2. Accounting standard setting has been characterized as: A. A political process. B. Using the scientific method. C. Pure deductive reasoning. D. Pure inductive reasoning. 3. The FASB ’s conceptual framework ’s qualitative
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ACCT 712 Final Exam 1. Net cash will be different from a company’s net income because of the changes in working capital (inventories‚ receivables‚ etc.) which is derived in the operating flows on a cash flow statement. By taking net income and making adjustments to reflect the changes‚ net cash flow from operating section will show how cash was generated. Another main reason is the translation process from accrual accounting to cash accounting because for example revenue reported on a accrual
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