Note for current students using this exam for practice purposes: exam is formatted for LEGAL SIZE paper. CONCORDIA UNIVERSITY John Molson School of Business Department of Accountancy Course: Introduction to Financial Accounting Number: ACCO 230.2 Sections: Sections A and B (S. Mroz); Section AA (S. Tamas) Examination: FINAL (3 hours) Date: December 19‚ 2009 No. of Pages: Ten (10)‚ including this page. Ensure your copy is complete. Materials Allowed:
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Solutions to Homework Assignments: Chapter 4 6. Are all capital gains (gains on the sale or disposition of capital assets) taxed at the same rate? Explain. No. If a taxpayer holds a capital asset for a year or less the gain is taxed at ordinary tax rates. If the taxpayer holds the asset for more than a year before selling‚ the gain is generally taxed at a maximum 15% rate but could be taxed as high as 20% for high income taxpayers. If the taxpayer sells more than one capital asset during the year
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CHAPTER 4: ACCOUNTING FOR GOVERNMENTAL OPERATING ACTIVITIES ( ILLUSTRATIVE TRANSACTIONS AND FINANCIAL STATEMENTS Solutions to Exercises and Problems 4-2. 1. a. 6. a. 2. c. 7. c. 3. d. 8. c. 4. b. 9. b. 5. d. 10. b. Ch. 4‚ Solutions (Cont’d) 4-3. a. Calculation of Estimated Required Tax Anticipation Financing Estimated Expenditure Requirements: Budgeted expenditures‚ remainder of FY 2011 $2‚470‚000 Current liabilities
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are wants for specific products that are backed by the ability and willingness to buy them. Demand for a product can be either by the end user or its intermediaries. In the paint market the network is as follows: [pic] This simple network of Asian Paints shows that there can be either a pull or a push strategy. If the company adopts a push strategy it will not be successful in the long run if there is no end demand‚ i.e. by the end customers. A pull is created when demand is created in the
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Abstract: This essay discusses about how it is impossible to compare South-East Asian Human Resource practices with those employed in Australian companies due to substantial differences in political‚ legal and social environments. In the political aspect‚ governments from south-east Asian companies and Australian companies are compared based on their compliance with the labor rights and standards. While in the legal aspect‚ the Australian flexibility on labor law and the Philippine labor code which
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any time if subsequent rights restrictions require it. For valuable information on pricing‚ previous editions‚ changes to current editions‚ and alternate formats‚ please visit www.cengage.com/highered to search by ISBN#‚ author‚ title‚ or keyword for materials in your areas of interest. An Introduction to Management Science: Quantitative Approaches to Decision Making‚ Revised Thirteenth Edition David R. Anderson‚ Dennis J. Sweeney‚ Thomas A. Williams‚ Jeffrey D. Camm‚ & Kipp Martin VP/Editorial
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Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson Education‚ Inc. publishing as Prentice Hall 1-1 • Explain why managers are important to organizations • Tell who managers are and where they work • Describe the functions‚ roles‚ and skills of managers • Describe the factors that are reshaping and redefining the manager’s job • Explain the value of studying management Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson
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1. The major disadvantages of long-term debt include: (Points : 3.71) owners are able to maintain controlrelatively high‚ explicit after-tax costdecreased earnings per share through using financial leveragenone of the aboveall of the above 2. The ____ the investor’s required rate of return on a bond‚ the ____ will be the value of the bond to the investor. (Points : 3.71) higher‚ lowerhigher‚ highernone of the above 3. George is 45 years old today and is beginning to plan for his retirement
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Chapter 7 Homework Solutions Q7-1 Absorption and variable costing differ in how they handle fixed manufacturing overhead. Under absorption costing‚ fixed manufacturing overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing‚ fixed manufacturing overhead is treated as a period cost and is expensed on the current period’s income statement. Q7-2 Selling and administrative expenses are treated as period costs under both variable costing and absorption
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CHAPTER 17 PROCESS COSTING 17-16 (25 min.) Equivalent units‚ zero beginning inventory. 1. Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost
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