152 Ghapter 5 Exercises Some people are in favor of reducing federal taxes to increase consumer spending and others are against it. Two persons are selected and their opinions are recorded. Assuming no one is undecided‚ list the possible outcomes. 2. A quality control inspector selects a part to be tested. The part is then declared acceptable‚ repairable‚ or scrapped. Then another part is tested. List the possible outcomes of this experiment regarding two parts. tGE 3. A.r."y of 54 students at
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FIN-516 WEEK 1 – HOMEWORK ASSIGNMENT Problem Based on Chapter 14‚ Residual Dividends Middlesex Plastics Manufacturing had 2011 Net Income of $15.0 Million. Its 2012 Net Income is forecast to increase by 8%. The company’s capital structure has been 35% Debt and 65% Equity since 2010‚ and the company plans to maintain this capital structure in 2012. The company paid $3.0 Million cash dividends in 2011. The company is planning to invest in a major capital project in 2012. The capital budget
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FIN 571 Final Exam Multiple Choice Question 51 You are provided the following working capital information for the Ridge Company: Ridge Company Account $ Inventory $12‚890 Accounts receivable 12‚800 Accounts payable 12‚670 Net sales $124‚589 Cost of goods sold 99‚630 Cash conversion cycle: What is the cash conversion cycle for Ridge Company? 38.3 days 46.4 days 83.5 days 129.9 days Find the final exam answers here FIN 571 Final Exam Multiple Choice Question 58 The cash conversion cycle
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marketing manager at Crunchy Cookie Company; I would not intentionally understate the quarterly sales forecast. Understating the sales forecast is only going to not going to allow the companyAs this is not going to help the company in exceeding 2. What measures might be taken by the company to discourage the manipulation of sales forecasts? Measures that might be taken to discourage the use of manipulation of sales forecasts If I were the marketing manager I would not intentionally understate
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Final Exam Fin 370 When complete‚ please submit your answers to your individual forum. DO NOT discuss this with any other person -- this is an individual final exam!! For the true false answers only submit the question number and answer -- do not include the question in your answer sheet. For other questions/problems‚ please show all of your work for full credit. One Excel attachment is preferred -- do not send in more than one attached file. TRUE/FALSE. Write ’T’ if the statement is true and
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Applications Assignment 1. Take a look at the material on sensation seeking on page 286 (Ch. 11). Do you consider yourself a sensation seeker? Why or why not? What are the advantages and disadvantages of your level of sensation seeking? I do not see myself as a sensation seeker. First reason is because I’m not the type that is a high risk thrill seeker because I am afraid of getting hurt. My level of sensation seeker isn’t to high. Some advantages of being a sensation seeker is the thrill and
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Process Design for Riordan Manufacturing OPS/571 Riordian Manufacturing‚ Inc. Hangzhou‚ China June 21‚ 2012 Motor‚ Inc. 1000 Last Class Flint‚ MI 900012 Dear CEO: At Riordan‚ the electric fan division has revised the process for supplying the electric fans. Part of Riordan’s operations planning‚ Riordan would implement aggregate operations. From Operations Management for Competitive Advantage (2006)‚ “Aggregate operations planning involves translating annual
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Chapter 5— Systems Development and Program Change Activities TRUE/FALSE 1. The objective of systems planning is to link systems projects to the strategic objectives of the firm. ANS: T PTS: 1 2. The Systems Development Life Cycle (SDLC) concept applies to specific applications and not to strategic systems planning. ANS: F PTS: 1 3. An accountant’s responsibility in the SDLC is to ensure that the system applies proper accounting conventions and rules and possesses adequate control. ANS:
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The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in | A. | inventory back into cash‚ or 12 months‚ whichever is longer. | | B. | tangible fixed assets back into cash‚ or 12 months‚ whichever is longer. | | C. | inventory back into cash‚ or 12 months‚ whichever is shorter. | | D. | receivables back into cash‚ or 12 months‚ whichever is longer. | The net assets of a business are equal to
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Case 5-1: KRACO RETAILERS‚ INC. A. 2012 Current ratio = Current assets : Current liabilities = 19‚800 : 12‚600 = 1.57 Acid-test ratio = (Current assets - Inventory) : Current liabilities = (19‚800 - 12‚000) : 12‚600 = 0.62 Times interest earned = EBIT : Interest expense = 14‚920 : 1‚800 = 8.29 Net profit margin = (Net income : Sales) x 100% = (8‚520 : 61‚000) x 100% = 13.97% Asset turnover = Sales : Total assets = 61‚000 : 34‚000 =
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