ACCT 340 – Fall 2013 Exam 2 Review Problems: Chapters 5‚7‚8‚9 Chapter 5: 1. On February 1‚ 2007‚ Nance Contractors agreed to construct a building at a contract price of $6‚000‚000. Nance estimated total construction costs would be $4‚000‚000 and the project would be finished in 2009. Information relating to the costs and billings for this contract is as follows: 2007 2008 2009 Costs incurred in current year $1‚500‚000 $1‚140‚000 $1‚960‚000 Estimated costs to complete 2
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Complete Problem 4-8A. P4-8A Dana La Fontsee opened Pro Window Washing Inc. on July 1‚ 2012. During July the following transactions were comple July 1 Issued 12‚000 shares of common stock for $12‚000 cash. 1 Purchased used truck for $8‚000‚ paying $2‚000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1‚800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3‚700 for cleaning services. 18 Paid $1‚000 cash on amount owed
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John Green Philosophy 105 – 001 – 008 In the first part of this term paper‚ I am testing the validity of the following argument: “There is no reason to believe that banning violent video games will reduce violent crime. If there is no reason to believe that banning violent video games will reduce violent crime‚ then banning violent video games will reduce violent crime. If Congress does not ban violent video games‚ then Congress must be corrupt. So‚ banning video games will reduce violent crime
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ECON 545: Course Project- Part #1 Instructor: Date: Student: Exercise #1: Everyone’s Gasoline Problem. We are familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area‚ and attempt to relate any fluctuations you observe to documented supply and demand factors outline in our book. Be sure to cite any references used. Answer: Below is the supply and demand
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To what effects are the causes‚ characteristics and effects of urbanisation different in countries at different stages of economic development? Urbanization is the increasing number of people that migrate from rural to urban areas. It predominantly results in the physical growth of urban areas‚ be it horizontal or vertical. An example of urbanisation for an LEDC is Rio de Janeiro and Mumbai which has a population of 18.3 million put together and is still expanding; an example of an MEDC is Manchester
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Unit 1 Problem Set 1 26. Surgery Versus Splints A study compared surgery and splinting for subjects suffering from carpal tunnel syndrome. It was found that among 73 patients treated with surgery‚ there was a 92% success rate. Among 83 patients treated with splints‚ there was a 72% success rate. Calculations using those results showed that if there really is no difference in success rates between surgery and splints‚ then there is about 1 chance in 1000 of getting success rates like the ones obtained
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http://philcivilserviceexam.blogspot.com/ PROBLEM SOLVING 1. Miss Roxas bought 20 blouses for P1800 and marked them to sell at P110 each. After selling 16 pieces at this rate‚ she decided to sell the remaining blouses at a lower price. At what price may she sell each remaining blouse and still realize a gross profit of P360 on the 20 blouses? 1. P100 4. P115 2. P105 5. P120 3. P110 Solution: No. of Blouses Bought = 20 Original Price for 20 Blouses = 1800 Original Price Per Blouse = 1800 / 20 =
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Financial Reporting Problem‚ Part I ACC/290 March 18‚ 2013 Tony Ames Financial Reporting Problem‚ Part I In today’s markets there are several factors that make up a public company and allow it to be desired by investors. * Total Current Assets: Previous Annual Reporting Period * * The total current assets at the end of the previous annual reporting period‚ December 31‚ 2011‚ was $22‚985‚000 in comparison to the most current year of 2012’s results of $22‚706‚000. Therefore
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Your assignment is worth 50 points. Question 1 of 25 What property of a compound light microscope enables a person to change objectives without major focusing adjustments? resolving power magnification parfocal focusing resolution Question 2 of 25 How does closing the iris diaphragm affect image brightness and contrast? decreases both increases both decreases brightness and increases contrast increases brightness and decreases contrast decreases brightness but
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CHAPTER 16 (fin man); chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial
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