Module 2 Exercises Problem 1: 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. ANSWER = TRUE 2. A process cost system is used when each finished unit is indistinguishable from another. ANSWER = TRUE 3. Companies that produce soft drinks‚ motion pictures‚ and computers chips would all use process cost accounting. ANSWER = FALSE -Companies that produce soft drinks and computer chips would all use process cost accounting
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TEST 2 MGF 301 Corporation Finance Fall 2013 Please sign name in box (Note: Total Points = 100; Multiple Choice = 4 points each unless otherwise indicated) 1. YT Inc. is considering implementing a new project. Which of the following is a cash flow that should be taken into account for capital budgeting purposes? (a) Expected lost sales in a related YT Inc. product caused by the new product (b) The annual bonus paid to the YT Inc. President based on last year’s earnings
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Module 2 Homework Total Points: 40 Chapter 3 1) Unearned revenues are reported as liabilities on the balance sheet. True or False Answer: Unearned revenues are payments provided to a company before the goods or services are provided. Unearned revenues are liabilities reported on the balance sheet. 2) Colby Corporation has provided the following information: Operating revenues were $199‚700. Operating expenses were $111‚000. Interest expense was $9‚200. Gain from sale of plant and equipment
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Module 2 Homework + Answers Total Points: 40 Chapter 3 1) Unearned revenues are reported as liabilities on the balance sheet. True or False Answer: Unearned revenues are payments provided to a company before the goods or services are provided. Unearned revenues are liabilities reported on the balance sheet. 2) Colby Corporation has provided the following information: Operating revenues were $199‚700. Operating expenses were $111‚000. Interest expense was $9‚200. Gain from sale of
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The Project Charter Project Name: 10 Year Anniversary Celebration Project Manager: Crystal Clousher Project Tracking Number: PMIT-301-01 Date: May 20‚ 2013 Project Justification: This project will present the opportunity to have a traditional wedding and honeymoon that was never had. The official wedding was carried out in front of a Justice of the Peace with only three guests and there was no honeymoon. In undertaking this project the Husband and Wife will be able to have a traditional
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In my assignment I will explain what is assessment and how is used‚ evaluate assessment methods and process that I use in my teaching practise. How will the results of student’s work help me and the student to give and get the right guidance to achieve their goal in the set criteria and standard. There are many assessing methods‚ which are used to assess student’s skill‚ knowledge‚ understanding and ability. As Gray states ‘assessment is a process by which evidence of student achievement is obtained
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BARTENDING MODULE The Bartenders Station/Bar Set up/Liquor Arrangement Parts of a Bar 1. Front Bar 2. Back Bar 3. Under Bar Bar Design and Layout What is a Cocktail? Cocktail-is a class of alcoholic beverage that is derived by mixing one or more of the other classes of alcoholic beverages with or without flavoring‚ eggs‚ non-alcoholic beverages‚ juices or water. It is also a mixed drinks. The modern definition of a cocktail is a drink composed of at least two ingredients
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Angela Samuda Modules 2 Select an assessment cycle from a course on which you teach. Using appropriate assessment terminology and relevant theories‚ evaluate the assessment cycle in terms of:- * The overall purpose and type of assessment processes used of the assessment method * The appropriateness and effectiveness the assessment methods * How assessment is recorded and used to promote learning * How inclusively is maintained within the cycle Evaluate the effectiveness of
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Ensure that you repeat the case question in full and verbatim on the title page of your submission. Excluding your title and reference pages‚ your paper should be no more than four pages long. Please submit your case for grading by the end of this module. In answering this case question aim to demonstrate your learning not only of the materials from MOD04‚ but also those from MOD01-03. Use information from the background readings and any good quality sources you can find. Cite all sources and
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units $64) $336‚000 Labor (3‚500 equivalent units $162) 567‚000 Overhead (3‚500 equivalent units $21) 73‚500 976‚500 Total cost accounted for $1‚964‚500 b. Finished Goods Inventory 988‚000 Work in Process Inventory 988‚000 Task: 2 a) Let the BEP sales be x dollars‚ x * 0.40 + 300‚000 = x a) So‚ x = 500‚000 dollars Total Selling price = 500‚000 Total Variable cost = 200‚000 Total fixed cost = 300‚000 b) For a monthly profit of $ 60‚000 Let sales be x dollars So‚ x - 60000 = 0.4
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