Sou SOLUTIONS TO EXERCISES EXERCISE 18-1 (15-20 minutes) (a) Huish could recognize revenue at the point of sale based upon the time of shipment because the books are sold f.o.b. shipping point. Because of the return policy one might argue in favor of the cash collection basis. Because the returns can be estimated‚ one could argue for shipping point less estimated returns. (b) Based on the available information and lack of any information indicating that any of the criteria in FASB Statement
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EXERCISE 18-1 (10-15 minutes) Add or deduct from accounting income (a) 2 deduct (b) 1 add (c) 3 add (d) 1 add (e) 2 deduct (f) 2 deduct (g) 1 add (h 3 deduct (i) 3 deduct (j) 1 add (k) 1 add (l) 1 add EXERCISE 18-3 (15-20 minutes) (a) Accounting income $105‚000 Permanent differences: Non-deductible fines 11‚000 116‚000 Timing differences: Excess of CCA over amortization (16‚000 ) Excess rent collected over rent earned 24‚000 Taxable income $124‚000
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Affirmative Action Should a man be hired for his skills or for the color of his skin? Is racial diversity in the business world more important then the most qualified workers? Affirmative action has become an important topic in today ’s society to better diversify the different races in America. Affirmative action is a set of public policies that were designed for the elimination of discrimination toward race‚ color‚ sex‚ etc. These policies are under attack today because of the unfairness toward
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issues facing Northern leaders in devising a plan for Reconstruction. Reconstruction was a struggle to define the meaning of freedom. Northern leaders faced a variety of problems. Many northerners believed that the South should be punished for their actions and that the region should be transformed into the North’s urbanized image. As for reconstruction‚ conservatives wanted the South to accept abolition. The Radicals urged for the punishment of Confederate leaders and the aid of freemen. 3. Analyze
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assumes that most of the variables will vary in proportion to sales. However‚ firms can increase sales without increasing their fixed assets but by running their companies at higher capacity and considering to pay their employees overtime. In this case‚ assets would rise less than proportionally to sales‚ but the wages would raise more since the overtime wage rates are higher than the normal rates. Working capital could rise less than proportionally to sales since firms can exploit economies of scale
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1. Dr. Baker spends a long time listening to (auscultating) Caleb’s heart. a. Where on the thoracic surface do you auscultate to the tricuspid‚ mitral (bicuspid)‚ pulmonary‚ and aortic valves? Auscultation for the tricuspid valve would be in the left sternal margin of the 5th intercostal space. The mitral valve sounds are heard over the apex of the heart (5th intercostal space) in line with the middle of the clavicle. Pulmonary valve sounds are auscultated at the 2nd intercostal space at the left
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Case 4: Cracking the Whip at Wyeth Wyeth is one of the world’s largest research-driven pharmaceutical and health care product companies. It is a leader in the discovery‚ development‚ manufacturing and marketing of pharmaceuticals‚ vaccines‚ biotechnology products and non-prescription medicines. Case synopsis When Robert Ruffolo was appointed executive Vice President for R&D at Wyeth‚ he was given the mandate of shaking up the drug maker’s mediocre performance in that division. His controversial
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Chapter 6 Basic Motivation Concepts MULTIPLE CHOICE Defining Motivation 1. Jim is a student who cannot work at writing a paper for more than 30 minutes‚ yet he can spend many hours writing comments on blogs. What accounts for the change in motivation in this case? a. his ability b. the situation c. his personality d. the congruence e. the structure of the task (b; Moderate; Motivation; p. 175) {AACSB: Analytic Skills} 2. Motivation is best defined as a process
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The "Helga Pictures” by Andrew Wyeth are a fantastic compilation of tempera and dry brush paintings‚ watercolours and pencil studies secretly created within a span of over fifteen years. Andrew Wyeth created over two hundred and forty individual works of neighbor Helga Testorf from 1971 to 1985 without telling a single person‚ including his wife. He stated that he would not have been able to have finished the project with everyone looking at it. (Allen) The large number of works and the palpable
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Work Book Fractures When caring for a resident who has a cast‚ “elevate” the extremity that is in a cast to help stop swelling. Keep the cast “dry and clean” at all times. A bone must be “immobilized” to allow the fusion of fractured parts. Signs and symptoms of a fracture include “swelling.” Fractures are broken bones and may be caused by “osteoporosis.” You can place a wet cast on “Pillows” so that its shape is not altered as it dries. When can a resident insert something
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