Exam Chapter 1-5 Name 1) Managers usemanagement accounting information to A) implement C) communicate strategy. B) choose D) All of these answers are correct. 2) Place the four business functions in the order they appear along the value chain: Customer service Design Marketing Production A) Design‚ Production‚ Marketing‚ Customer Service B) Customer Service‚ Design‚ Production‚ Marketing C) Design‚ Customer Service‚ Production‚ Marketing D) Customer Service‚ Marketing
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Merchandise: Products that a company acquires to resell to customers. Merchandisers earn net income by buying and selling merchandise. -Wholesalers or retailers Wholesaler: An intermediary that buys products from manufacturers and sells them to retailers or wholesalers. Retailer: An intermediary that buys products from manufacturers or wholesalers and sells them to consumers. Cost of goods sold: The expense of buying and preparing merchandise. Gross profit: Net sales of a product – Cost of goods
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Mankiw – Chapter 13 SOLUTIONS TO TEXT PROBLEMS: Quick Quizzes 1. Farmer McDonald’s opportunity cost is $300‚ consisting of 10 hours of lessons at $20 an hour that he could have been earning plus $100 in seeds. His accountant would only count the explicit cost of the seeds ($100). If McDonald earns $200 from selling the crops‚ then McDonald earns a $100 accounting profit ($200 sales minus $100 cost of seeds) but makes an economic loss of $100 ($200 sales minus $300 opportunity cost). 2. Farmer
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Challenging Issues Under Accrual Accounting: Long-Lived Depreciable Assets – A Closer Look Discussion Questions 8-1. Some factors determining the estimated useful life of assets might include: a. prior experience the company b. industry norms c. anticipated technological advancements d. the way the asset will be used e. anticipated company growth An important point that needs to be made during the discussion of this question
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Tutorial – week 5 Review Questions 1. What ethical‚ social‚ and political issues are raised by information systems? Explain how ethical‚ social‚ and political issues are connected and give some examples. Figure 4.1 can be used to answer this question. Information technology has raised new possibilities for behavior for which laws and rules of acceptable conduct have not yet been developed. The introduction of new information technology has a ripple effect‚ raising new ethical‚
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Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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Microbiology 2210 Answer Key Practice Test 1 Directions: Choose the most correct response to answer the statement. ___1. Archaea a. belong to the kingdom Protista b. have petidoglycan in their cell walls c. belong to the domain Bacteria d. are prokaryotic
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Examination #2 - Chapters 4‚5‚ and 6 Study Guide Chapter 4 - Chemical Quantities and Aqueous Reactions * Reactions Stoichiometry * mole-mole conversions * mass-mass conversions * Limiting Reactants * What is the Limiting Reagent * How do we find the L.R. * Solutions * Molarity - definition and how to calculate * Dilutions Calculations (M1V1 = M2V2‚ careful with M2) * Solution Stoichiometry * volume-volume conversions * volume-mass
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HOMEWORK EXAM 3: Chapter 19: The half life of 90Sr is 29 years. What fraction of the atoms in a sample of 90Sr would remain 175 years later? Answer 0.166 0.125 0.062 here 0.015 Which relation is not correct? Answer 11p = 11H = proton 0-1e = 0-1β = electron here +10e = +10β= positron 10n = neutron As a result of beta decay‚ the product nucleus is Answer one atomic number lower than the original element. two atomic number
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Chemistry Study Guide Oct 2nd 1 hour Exam Chapter 9- Thermodynamics KE= ½ mv2 w= F∆x w= force × distance ∙ A state function refers to a property of the system that depends only on its present state. ∙Internal Energy = heat + work ∆E = q + w ∙Pressure = Force/Area = P = F/A ∙Work= - external pressure × change in volume w = - P∆V Enthalpy H = E + PV qp = ∆E + P∆V ∆H = qp ∆H = H products H reactants
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