1. Conversion cost is the sum of direct labor cost and direct materials cost. F 2. Depreciation on office equipment would be included in product costs. F 3. When the predetermined overhead rate is based on direct labor-hours‚ the amount of overhead applied to a job is proportional to the estimated amount of direct labor-hours for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods
Premium Variable cost Costs Fixed cost
Accounting Fraud at WorldCom Vanessa Gail Woods Strayer University Connor-Green/ACC 576 March 21‚ 2010 Accounting Fraud at WorldCom The break up of AT&T opened the long distance service market to small companies during the mid- to late-1980s and 1990s. Long Distance Discount Service (LDDS) opened in 1983 with moderate growth until its stock went public in 1989. CEO Bernie Ebbers decided to grow the organization through acquisitions (70 companies over the course of its lifetime)
Premium Enron Audit Fraud
CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems 5‚ 6‚ 7‚ 11 1A‚ 2A‚ 4A 1B‚ 2B‚ 4B 3 6‚ 7‚ 8‚ 10‚ 11 1A‚ 2A‚ 4A‚ 5A 1B‚ 2B‚ 4B‚ 5B 4 8‚ 9‚ 12‚ 13‚ 2A‚ 3A‚ 14‚ 15‚ 16‚ 17 4A‚ 5A 2B‚ 3B‚ 4B‚ 5B Learning Objectives Questions Do It! Exercises 1. Explain what accounting is. 1‚ 2‚ 5 1 1 2. Identify the users and uses of accounting. 3‚ 4 1 2 3. Understand why ethics is a fundamental business concept. 4. Explain accounting
Premium Balance sheet Generally Accepted Accounting Principles Revenue
The Bill of rights‚ the constitution and the amendments of the constitution are the national foundation of freedom. The 14th amendment has become one of the most important parts of the constitution. The 14th amendment is divided into four sections. The 14th Amendment was designed in 1868 to stamp out lawless tyranny. Section one is to make former slaves citizens. The 14th amendment states‚ “All persons born or naturalized in the United States are citizens of the United States and of the state wherein
Premium Law United States United States Constitution
FIN 502 – Personal Financial Planning Chapter 1 – Module 2 Time value of money * How to compare monetary amounts you pay or receive at different times * The arithmetic with which we convert money between periods‚ or calculate what rate of return is implied by a given set of cash flows Single Period – Rate of Return * N = amount of years * I% = x (what we’re trying to find) * PV = How much it’s worth today * FV = How much it’s worth at maturity date
Premium Time value of money Net present value Money
r1- )2*P1+( r2- )2*P2+( r3- )2*P3+ etc then square rooted (-50% - 11.40%)2(0.1) + (-5% - 11.40%)2(0.2) + (16% - 11.40%)2(0.4) + (25% - 11.40%)2(0.2) + (60% - 11.40%)2(0.1) = 712.44 standard deviation = square root of 712.44 = 26.69% coefficient of variation= CV= σ/ = 26.69%/11.40% = 2.34 expected return = = P1r1+P2r2+P3r3 expected return market= .3*15%+.4*9%+.3*18%= 13.5% expected return stock j= .3*20%+.4*5%+.3*12%=11.6% standard deviation =( r1- )2*P1+( r2- )2*P2+( r3- )2*P3 then
Premium Standard deviation Investment Risk
print for 30 days only. Student Number Date Graded 06/08/10 Examination 06052900 Grade 75 Document ID 41658789 Question Number Your Answer Answer Reference 1. B Correct 2. D Correct 3. C Correct 4. A Correct 5. A Correct 6. B Correct 7. D Correct 8. D Correct 9. C Correct 10. A Correct 11. B A PAGE 35 12. B
Premium Prime number Grade Question
Living in the Environment : Concepts‚ Connections and Solutions Miller and Spoolman 16th Edition Practice Questions: Chapters 1-25 2009 - 2010 Practice Questions – Chapter 1 Environmental Problems‚ Their Causes‚ and Sustainability 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Describe what is meant by the phrase “an environmentally sustainable society” as related to the human population. Distinguish between (a) natural capital (b) natural resources (c) natural services (d) solar capital
Premium Management Organization Psychology
Exercise 2-1 (10 minutes) 1. The wages of employees who build the sailboats: direct labor cost. 2. The cost of advertising in the local newspapers: marketing and selling cost. 3. The cost of an aluminum mast installed in a sailboat: direct materials cost. 4. The wages of the assembly shop’s supervisor: manufacturing overhead cost. 5. Rent on the boathouse: a combination of manufacturing overhead‚ administrative‚ and marketing and selling cost. The rent would most likely be prorated
Premium Costs Variable cost Fixed cost
the companies cannot set the price of gasoline by itself; the price of gasoline is set by market forces (the supply of oil and the demand by customers) Ex: farm products or minerals Other situations: 1. The Company set the prices. (Special order) 2. A company can effectively differentiate its product or service from others. (In competitive market‚ like coffee) Target cost The cost that will provide the desired profit on a product when the seller does not control over the product’s price Market
Premium Variable cost Costs Total cost