CHAPTER 8 Valuation of Inventories: A Cost-Basis Approach ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Inventory accounts; determining quantities‚ costs‚ and items to be included in inventory; the inventory equation; balance sheet disclosure. Perpetual vs. periodic. Recording of discounts. Inventory errors. Flow assumptions. 10‚ 11 7 12‚ 13‚ 16‚ 18‚ 20 4 5‚ 6‚ 7 Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 8‚ 9 Brief Exercises 1‚ 3 Exercises 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 10 Problems 1‚ 2‚ 3 Concepts for Analysis 1
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COMPREHENSIVE EXAMINATION E PART 5 (Chapters 18-21) Approximate Problem Topic Time E-I Long-Term Contracts. 15 min. E-II Installment Sales Method. 20 min. E-III Deferred Income Taxes. 25 min. E-IV Pensions. 15 min. E-V Leases. 25 min. 100 min. Problem E-I — Long-Term Contracts. Edwards Company contracted on 4/1/14 to construct a building for $2‚400‚000. The project was completed in 2016. Additional data follow: 2014 2015 2016 Costs incurred
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Intermediate Accounting Test 2 The accountant of Weatherspoon Shoe Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31‚ 2012. | Rental revenue | $29‚000 | | Interest expense | 18‚000 | | Market appreciation on land above cost | 31‚000 | | Wages and salaries-sales | 114‚800 | | Materials and supplies-sales | 17‚600 | | Income tax | 30‚600 | | Wages and salaries-administrative | 135‚900 |
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Chapter 11 Mini Case‚ Q1-4 ONLY‚ pgs. 353-354 1. Compute the yield to maturity and the after-tax cost of debt for the two bond issues. Bond 1 | | Maturity | 12 | Coupone | 3‚5% | Par | 1000 | Flotation | 0 | PV | 1031 | Before tax | 3‚19% | After tax cost of Bond | 2‚10% | Bond 2 | | Maturity | 32 | Coupone | 4‚0% | Par | 1000 | Flotation | 0 | PV | 1035 | Before tax | 3‚8% | After tax cost of Bond | 2‚5% | 2. Compute BioCom’s cost of preferred stock
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Chapter 11: Communication *I didn’t write definitions for obvious terms. Communication must include both the transfer and understanding of meaning pg. 336 1. Function of communication 2. Communication process a. Communication Process (1) the sender‚ (2) encoding‚ (3) the message‚ (4) the channel‚ (5) decoding‚ (6) the receiver‚ (7) noise‚ and (8) feedback. Pg.338 b. Formal Channels are established by the organization and transmit messages related to the professional activities of members
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Student name: Ihtishaam Ali Date submitted: 3/1/15 Chapter: 11 Chapter Review Questions Questions are at the end of each chapter under the “For Review” heading 1. Consideration is an essential element in the formation of any contract not by deed. To be valid the consideration must be real and genuine 2. Promises to make gifts for charitable or educational purposes are often enforced‚ despite absence of consideration. 3. No 4. It must be for a reasonable period‚ not excessive in duration
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11 Chapter 11 Relevant Costs for Decision Making Solutions to Questions 11-1 A relevant cost is a cost that differs between alternatives in a decision. 11-2 An incremental cost (or benefit) is the change in cost (or benefit) that will result from some proposed action. An opportunity cost is the benefit that is lost or sacrificed by not taking some course of action. A sunk cost is a cost that has already been incurred‚ and that cannot be changed by any future decision. 11-3 No. Variable
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Chapter 11 Student: ___________________________________________________________________________ 1. As coca-cola faced problems in the late 1990s‚ Douglas Daft changed strategies and focussed on ____________? A. price B. quantity C. quality D. tailoring strategy to meet local needs E. centralizing firm decisions in Atlanta 2. Profit can be defined as: A. costs minus profits B. the difference between time and money C. quantity times profit D. sales plus costs E. the difference between TR and TC
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Chapter 11 Section Assessments Section 11.1 7. How do you write a word equation? To write a word equation‚ write the names of the reactants separated by plus signs followed by an arrow‚ and followed by the names of the products separated by plus signs. 8. How do you write a skeleton equation? To write a skeleton equation‚ write the formulas of the reactants to the left of the arrow and the formulas of the products to the right of the arrow. 9. Describe the steps in writing a balanced chemical
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Kendra Hall 9-11-13 Laurie Willis Chapter 11 DEA Short-Answer Questionss 1. The size and shape of teeth determine their functions because primary teeth are different shape and size of adult teeth‚ so they do different things‚ and aren’t able to do as much work as adult teeth. 2. Incisors: Incisors are designed to cut food without using heavy force. The tongue side is shaped like a shovel to guide food into the mouth. Canines: Canines are designed for cutting and tearing foods‚ which needs
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