EXERCISE 18-1 (10-15 minutes) Add or deduct from accounting income (a) 2 deduct (b) 1 add (c) 3 add (d) 1 add (e) 2 deduct (f) 2 deduct (g) 1 add (h 3 deduct (i) 3 deduct (j) 1 add (k) 1 add (l) 1 add EXERCISE 18-3 (15-20 minutes) (a) Accounting income $105‚000 Permanent differences: Non-deductible fines 11‚000 116‚000 Timing differences: Excess of CCA over amortization (16‚000 ) Excess rent collected over rent earned 24‚000 Taxable income $124‚000
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Quiz chapter 2 1. __________ refers to the change in the firm’s current assets relative to its current liabilities over some time period. A) Operating cash flow B) Capital spending C) Cash flow to creditors D) Cash flow from assets E) Additions to net working capital 2. If total assets = $550‚ fixed assets = $375‚ current liabilities = $140‚ equity = $265‚ long term debt = $145‚ and current assets is the only remaining item on the balance sheet‚ what is the value of net working
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assumes that most of the variables will vary in proportion to sales. However‚ firms can increase sales without increasing their fixed assets but by running their companies at higher capacity and considering to pay their employees overtime. In this case‚ assets would rise less than proportionally to sales‚ but the wages would raise more since the overtime wage rates are higher than the normal rates. Working capital could rise less than proportionally to sales since firms can exploit economies of scale
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iMINICASE STUDY #2 Unforeseen Opportunity in an Election You are in charge of the advertising staff for Cindy Smith ’s election campaign. Cindy is trying to prevent the eight term incumbent‚ Jesse Jones‚ from getting another term in the U.S. House of Representatives. Cindy decided to run against Jesse because he wrote 150 bad checks in the House banking scandal‚ voted to not disclose the names of the people involved in the scandal‚ and voted to give himself a substantial pay raise at taxpayers’
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Work Book Fractures When caring for a resident who has a cast‚ “elevate” the extremity that is in a cast to help stop swelling. Keep the cast “dry and clean” at all times. A bone must be “immobilized” to allow the fusion of fractured parts. Signs and symptoms of a fracture include “swelling.” Fractures are broken bones and may be caused by “osteoporosis.” You can place a wet cast on “Pillows” so that its shape is not altered as it dries. When can a resident insert something
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Intitech vs The Coffee Bean 1. How would you gauge Peter’s achievement orientation? What are some of the needs not being met for Peter Gibbons at Initech? What changes might improve Peter’s motivation? Peter Gibbons is clearly subjected to a bad work environment‚ and lack of motivation which is his primary fuel for really hating his job. His achievement orientatin is low at best‚ and he has developed an lack of motivation to achieve success. This could have been created by Initech itself‚
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Points for Discussion 1. Analyze the social and economic conditions of the South in the aftermath of the war. Southern planters lost their slaves due to emancipation as well as all of the capital they held in Confederate bonds and currency. Many families had to make money without the help of males. Some even faced starvation and poverty. Great leaders during the war were also revered by communities. Life got worse for slaves who had no possessions. 2. Analyze the political‚ economic‚ and emotional
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Chapter 18 is an in-depth look at how Jesus was sentenced for the crime of claiming to be the Messiah and how Jesus died and was buried. This is again a very morbid chapter but does give insight into what he went through and all the factors involved with his death. Pontius Pilate was essentially the deciding factor in Jesus being convicted and sentenced to a crucifixion. This chapter talks about the severe agony that Jesus went through and how much he had to endure. The last chapter discussed how
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1. What were the most important elements of the Columbian exchange? How did this “trade” in plant and animal species shape the future development of both Europe and the Americas? The Columbian exchange was named after Christopher Columbus and not the Country of Columbia. There were four important elements to the Columbian exchange‚ which included diseases‚ animals‚ plants and people. When the Europeans made initial contact with the natives in
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Glory During the American Civil War‚ the Massachusetts army engages Confederate forces in a bloody battle. Captain Robert Shaw is injured in the battle and assumed lost‚ but is found alive by a gravedigger named John Rawlins and sent to a field hospital. Shaw visits his family‚ and is introduced to Frederick Douglass. Shaw is offered a promotion to the rank of Colonel‚ and command of the first all-black regiment the 54th Massachusetts Volunteer army. He accepts the responsibility‚ and asks his
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