NAME: ___Seth Johnson__________________ Quiz Questions for Chapter 6 **ANSWERS ARE HIGHLIGHTED 1. A truck was purchased for $25‚000. It has a six-year life and a $4‚000 salvage value. Using straight-line depreciation‚ what is the asset’s carrying value (book value) after 2 years? d. $18‚000. 2. The sale for $2‚000 of equipment that cost $8‚000 and has accumulated depreciation of $6‚700 would result in what reflected in the income statement? d. loss of $1‚300. The following
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Week 2 Quiz Instructions: Select the correct answer for each question. You may use this worksheet to highlight the correct answer using the highlight function or simply create a Word Document‚ number from 1-15 and provide the correct letter for each corresponding question. Each question is worth .2 points. 1) What is a credit utilization rate? a. How many open credit accounts you have b. The percentage of all your reported credit accounts that are open accounts c. Your total outstanding balance
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Managerial Accounting and the Business Environment Chapter 1 © 2010 The McGraw-Hill Companies‚ Inc. Learning Objective 1 Understand the role of management accountants in an organization. McGraw-‐Hill/Irwin Slide 2 Organizational Structure Decentralization is the delegation of decisionmaking authority throughout an organization. Corporate Organization Chart Board of Directors President Purchasing Personnel Vice President Operations Chief Financial Officer Controller
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CHAPTER 1 THE ACCOUNTANT’S ROLE IN THE ORGANIZATION TRUE/FALSE 1. Management accounting information focuses on external reporting. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: management accounting Management accounting information focuses on internal reporting. 2. A good cost accounting system is narrowly focused on a continuous reduction of costs. Answer: False Difficulty: 2 Objective: 1 Terms to Learn: cost accounting A good cost accounting system
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Challenge question for Quiz 2 1. What group of compounds are usually the second most abundant (by weight) in fruit after water? 2. What is the major difference between fruit and vegetables in terms of their botanic origin? 3. List the intrinsic and external factors which can affect the respiration rate of fruit and vegetables 4. What are the major differences between climacteric and non-climacteric fruits? 5. What is role of ethylene in fruit ripening? 6. Describe the relationship between temperature
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Chapter Outline Chapter 2 I. Developmental theories and the issues they raise A. The Importance of Theories 1. Guides the collection of new information a. what is most important to study b. what can be hypothesized or predicted c. how it should be studied B. Qualities of a Good Theory 1. Internally consistent-- its different parts are not contradictory 2. Falsifiable-- generates testable hypotheses 3. Supported by data-- describes‚ predicts‚ and explains human development C. Four Major
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14 Accounting publications and research in twentieth-century Japan1 14.1 Introduction Japan’s interest in modern accounting began in the late nineteenth century with Alexander Shand [1844–1930].2 The Japanese translation of Shand’s (1873) Bank bookkeeping proved to be so important that his system of bank accounting became legally obligatory for the newly established banking system of the Meiji era. In the same year‚ Fukuzawa (1873–74) published a Japanese translation of Bryant and Stratton’s (1871)
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implicit cost is $190‚000($175‚000+.15X$100‚000). The total economic costs is $983‚000($793‚000+$190‚000). b. The accounting profit in 2010 is $177‚000($970‚000-$793‚000) c. The economic profit in 2010 is $-13‚000($970‚000-$793‚000-$190‚000). d. The owner should not leave his job because the economic profit is negative‚ which means he will earn less if he does his own business. 2. a. The type of agency problem that is involved here is principal-agent problem. Marriott wants to maintain a certain
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The Pink Door Non Profit Organization that tries to create financial relief for women battling any type of cancer. The organization became a nationally classified non profit in October of 2007. The 990 form is a public document that discloses a company policies and financial stability. Many stake holder look to evaluate this form to develop interest in getting involved financially with a company. It is important that a non profit organization is operating in the most efficient way in order to gain
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Chapter 1 Read chapter 1 (“What is Organizational Behavior”) in your e-text‚ answer these questions‚ and watch the chapter 1 quiz video for course mentor clarification. 1) Johanna Reid‚ a campaign manager at a child rights organization‚ recently started working on an illiteracy project. During the project‚ she needs to motivate team members to attain their project milestones and direct them through different phases of the project. Which of the following kinds of functions will these tasks be covered
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