Nimo Lorenzo ACCTG 117 Payroll Accounting Management Monday Morning Class 02/04/2014 Matching Quiz 1. B 2. D 3. F 4. A 5. H 6. I 7. J 8. C 9. E 10. G Questions for Review 1. The Department of Labor enforces the Fair Labor Act which sets the basic federal minimum wage at $ 7.25 per hour and for the state of California’s minimum wage is $ 8.00 per hour. 2. The information that needs to be maintained by FLSA concerning employees’ wages earned is data about hours worked. 3. An employer
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Chapter 1 Review Questions 1. A project is defined‚ according to the Project Management Insitute‚ as a temporary endeavor undertaken to create a unique product‚ service‚ or result. Five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization are as follows: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually‚ the involvement of serveral departments and professionals. 4. Typically
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Solution to Chapter 11 Problems 11-33 Special Order (15 min) 1. Current Special Order Revenue per unit $ 45 $ 35 Variable costs per unit: Direct materials $ 9 $ 9 Direct labor $ 8 $ 8 Variable factory overhead $ 4 $ 4 Variable nonmanufacturing costs $ 8 29 $ 4 25 Contribution margin per unit $ 16 $ 10 Contribution margin for 5‚000 units $ 80‚000 $ 50‚000
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How did the priorities of the FBI have to be reoriented with regards to issues of national security and terrorism? As a result of the vicious attacks‚ on that day‚ the FBI role in fighting against terrorism have changed drastically. They are now able to search telephone records‚ emails‚ etc. without a court order. The FBI has a new focus. Post 911 they have reorganized technology‚ investigations‚ operations etc. They have become more proactive in fighting against terrorism. It is no easy task
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‘But you will join us later‚ won’t you?’ asked Mama. ‘Besides‚ you promised to take us to the Christmas Fair.’ ‘Well‚ I don’t think… not this year… but perhaps...’ He faltered when he saw his wife’s crestfallen face. ‘Yes‚ perhaps I will attend after all. I may even sell you to the gypsies‚ although I have to admit you are priceless…’ Blushing softly at his backhanded compliment‚ Mama gently stroked her husband’s cheek. ‘You old romantic‚’ she whispered. Then she realised her three daughters were
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Empirical Finance 4.2 – Case 3 Julinda Kllapi‚ 2514073‚ j.kllapi@student.vu.nl Valkana Lesseva‚ 1836994‚ v.h.lesseva@student.vu.nl Introduction The recent financial crisis saw CDS spreads soaring across the Euro area as the full picture behind the public finances of many European countries became apparent. As a result many countries‚ such as Portugal and Ireland lined up for a bailout from the rest of the Eurozone as they found it harder and prohibitively expensive to borrow from the
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GOALS OF ECONOMIC SYSTEMS Every economic entity is confronted with three basic issues 1. what to produce 2. how to produce it 3. how to allocate the final output Organization: National economies Central planning Free Markets Firms and Households Centralized decision making One authority for decision making Pareto efficiency A distribution of resources where there are no alternative allocations that keeps all individuals at least as well off but makes even one person better off. When
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CHAPTER 11 KEY CONCEPTS: ERP: are multiplemodule software packages that evolved primarily fromtraditional manufacturing resource planning (MRP II) systems. - objective of ERP is to integrate key processes of the organization - a single computer system can serve the unique needs of each functional area. - facilitate the sharing of information and to improve communications across the organization Closed Database structure: - similar in concept to the basic flat-file model. - database
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Chapter 01 1. The business entity assumption requires that a business be accounted for separately from other business entities‚ including its owner or owners. 2. The four basic financial statements include the balance sheet‚ income statement‚ statement of retained earnings and statement of cash flows. 3. A balance sheet covers a period of time‚ such as a month or year. 4. The income statement shows the financial position of a business on a specific date.
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Chapter 10 Prices‚ Output‚ and Strategy: Pure and Monopolistic Competition Solutions to Exercises 1. Pepsi and Coca-Cola bottlers face enormous supplier power from the syrup manufacturers‚ sell primarily to concentrated grocery store chains‚ and are constantly presented with many substitute firms who could provide their role in the value chain. Thus‚ despite high barriers to entry from high capital requirements‚ high switching costs‚ and closed distribution channels‚ their sustainable profitability
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