ACCT 2060 Introductory Accounting Assignment - Semester 1‚ 2012 Part A Question 1 In the course of the financial year‚ Blackmores’ principal operating activities focused on the development and marketing of natural health products such as vitamins‚ herbal and mineral nutritional supplements. They sell and have operations in the natural health and dietary market throughout Australia‚ New Zealand and Asia region. (Reference: Blackmores’ Annual Report 2011‚ Pg. 37) Question 2 Mr Marcus C. Blackmore
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ACCT505 Part B Capital Budgeting problem Clark Paints‚ Inc. Data: Cost of new equipment $200‚000 Expected life of equipment in years 5 Disposal value in 5 years $40‚000 Life production - number of cans 5‚500‚000 Annual production or purchase needs 1‚100‚000 Initial training costs 0 Number of workers needed 3 Annual hours to be worked per employee 2‚000 Earnings per hour for employees
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1 Indicate the benefits of budgeting. Budgeting Basics The Benefits of Budgeting Requires all levels of management to plan ahead. Provides definite objectives for evaluating performance. Creates an early warning system for potential problems. Facilitates coordination of activities within the business. Results in greater management awareness of the entity’s overall operations. Motivates personnel throughout organization to meet planned objectives. 23-6 LO 1 Indicate the
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Case Study I Solution The following cost items are needed before a schedule of cost of goods manufactured can be prepared: Materials used in production: Prime Costs $545‚000.00 Less Direct Labor Cost $220‚000.00 Direct Materials Cost $325‚000.00 Manufacturing Overhead Cost: Direct Labor Cost/ Percentage of Conversion Cost: rounded to nearest dollar ( this is total
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Exam 2 Ch 6 p 26. If you invest $50‚000 to earn 8% interest‚ which of the following compounding approaches would return the lowest amount after one year? (you aren’t earning interest on interest) a. Daily. b. Monthly. c. Quarterly. d. Annually. p41. An amount is deposited for eight years at 8%. If compounding occurs quarterly‚ then the table value is found at (adjust rate and number of periods!) a. 8% for eight periods. b. 2% for eight periods. c. 8%
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ACCT1501 Practice Exam Questions 2014S1 QUESTION 1 (8 Marks) Financial Reporting Principles‚ Accounting Standards and Auditing‚ & Sustainability Reporting Provide short answers to the following: 1. What are generally accepted accounting principles? (2 Marks) 2. If you have a good idea and expect to make a lot of money from the idea is that a sufficient reason to recognise an asset? Explain why or why not. (2 Marks) 1 ACCT1501 Practice Exam Questions 2014S1 3. How can financial
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Final Review Sheet 1. A 2-for-1 stock split will: A. Increase the total par value of the stock and increase the number of shares outstanding. B. Decrease the total par value of the stock and increase the number of shares outstanding. C. Not change the total par value of the stock and increase the number of shares outstanding. D. Increase total stockholders’ equity. 2. 73. Which statement is true about a stock split? A. Total shareholders’ equity increases. B. Total shareholders’ equity decreases
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E16-1 Solution. 1. Cash ($10‚000‚000x0.99) 9‚900‚000 Discount on bond payable 100‚000 Bond payable 10‚000‚000 Unamortized bond issue cost 70‚000 Cash 70‚000 2. Cash (10‚000‚000x0.98) 9‚800‚000 Discount on bond payable 600‚000 Bond payable 10‚000‚000 Paid in capital -stock warrants 400‚000 3. Debt conversion expense 75‚000 Bond payable 10‚000‚000 Discount on bond payable
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EED 280 – Standards‚ Observation‚ Assessment: 0 - 8 (37317) Chap 3: How Standardized Tests are Used‚ Designed‚ and Selected 1. What is a standardized test? Describe different types of standardized tests. they are psychological test that measure abilities achievements aptitude interest attitude values and personality characteristic . personality test: measures a person’s tendency to behave
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ACCT WINTER 2014 FINAL EXAM Name: Rajvi Pandya Date:12/17/2014 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) All of the following are factors in contributing to the increase in cybercrime except: 1) A) the ability to anonymously access the Internet. B) the Internet’s similarity to telephone networks. C) the ability
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