CHAPTER 6 ACCOUNTING FOR MERCHANDISING BUSINESSES PRACTICE EXERCISES PE 6–1A $140‚775 ($127‚500 + $435‚600 – $422‚325) PE 6–1B $31‚850 ($17‚500 + $141‚750 – $127‚400) PE 6–2A Cost of merchandise sold: Merchandise inventory‚ July 1 $ 88‚370 Purchases $681‚400 Less: Purchases returns and allowances $9‚250 Purchases discounts 7‚000 16‚250 Net purchases $665‚150 Add transportation in 3‚180 Cost of merchandise purchased 668‚330 Merchandise available
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Chapter 6 1. Why are people willing to take the risks of entrepreneurship? People are willing to take the risks of entrepreneurship because it allows them freedoms and many opportunities that they feel are worth the risks involved. Many are finding that the corporate world is just as risk involved these days as owning their own business‚ since it is becoming more and more common to see hard working and long term employees being fired when times got hard. 2. What are the advantages of entrepreneurial
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CHAPTER 10 Standard Costing and Performance Measures for Today’s Manufacturing Environment ANSWERS TO REVIEW QUESTIONS 10-1 Management by exception is a managerial technique in which only significant deviations from expected performance are investigated. 10-2 Any control system has three basic parts: a predetermined or standard performance level‚ a measure of actual performance‚ and a comparison between standard and actual performance. The system works by making the comparison between
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Chapter 6 Switched Wired Networks 1) Baseband transmission dominates in LANs because it is ________ than broadband transmission. A) faster B) less expensive C) Both A and B D) Neither A nor B Answer: B 2) Using link aggregation with two or three trunk lines ________ going to a single faster Ethernet port. A) is less expensive than B) is just as fast as C) Both A and B D) Neither A nor B Answer: A 3) The 802.3 100BASETX standard is defined at the ________ layer. A) physical
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CASE 6 – ACCIDENT OR HOMICIDE? The shooting of Yoshi Hattori CHAPTER 6 – PRINCIPLES OF THE CRIMINAL LAW Factual guilt- guilty based upon the facts‚ though not necessarily legally guilty Legal guilt - proof of criminal liability beyond a reasonable doubt by admissible evidence within a court of law. Criminal liability - the degree of blameworthiness assigned to the defendants as a result of legal adjudication Elements of a crime – the five key elements common to almost all criminal statutes
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generally in the form of a problem set. The solution to the first problem in a set contains detailed information on how to solve that particular type of problem. The remaining solutions are also fairly detailed and may contain further required information that wasn’t given in the first problem‚ but they probably won’t contain explicit instructions or reasons for performing a certain step in the solution process. It was my intention in writing the solutions to make them detailed enough that someone
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CHAPTER I INTRODUCTION 1.1 BACKGROUND OF THE STUDY Asia Technological School of Science and Arts (ASIATECH) are in the education business since 2010. It started opening vocational or two year program in the field of information technology and hospitality management. To date‚ ASIATECH is now offering programs in the tertiary education with eight baccalaureate programs. With the increase of students enrolling in the institution‚ it is also a requirement that they increase the
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In chapters six and seven of Slaughterhouse Five‚ Vonnegut discusses why each moment of life should be enjoyed‚ that hope can be found in dark places‚ and how life is constantly moving forward. For instance‚ in chapter six a theme is to enjoy life while possible‚ because time is always running out and moving forward. When Lazzaro threatens to kill Billy‚ he tells him not to worry about it and to just enjoy life while he can. In life‚ there will always be something in the future that could happen
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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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Chapter 6 MULTIPLE CHOICE Name: Jared Senseman 1. C If you need to convey information that contains good- or neutral-news‚ you should a. use letters but not e-mail or voice mail. b. use e-mail but not letters or voice mail. c. use e-mail and letters but not voice mail. d. use e-mail‚ memos‚ or voice mail. 2. A Business messages should be organized based on a. a prediction of the receiver’s reaction to the main idea. b. the
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