Problem 1: A project of equipment purchase of Mekong Company Ltd. has the estimated data as follows: The cost of equipment is USD 12‚000‚ the cost for transportation and installation is USD 1‚000 USD. The asset is depreciated according to a straight line depreciation scheme within 5 years. It is expected that the project can produce and sell 7‚500 units of product at the price of USD 2 per unit‚ for the first year. The operating costs for the first year (excluding depreciation) are estimated
Premium Depreciation Corporate tax Net present value
In this document of ACC 491 Week 1 Discussion Question 2 you will find the next information: The Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. What are the specific portions of the legislation that affect the external audit profession‚ and how do they affect the profession? How does the legislation affect the internal audit profession? What are some activities that are implied in the legislation
Premium Auditing Internal control
Baldeo Persaud NT 1230 Unit 5 Problem Set 1 Matching Complete the following exercise by matching the terms with their corresponding definitions. a. automated password guessing b. Windows authorization mechanism c. passwords plus smartcards d. stored in a digital certificate e. standard for smart card support f. decrypts data encrypted with a certificate g. firewall exceptions h. standard for fingerprint scanners and other devices i. potentially destructive software j. firewall rule requiring IPsec
Free Windows Vista Microsoft Windows Spyware
This pack of ACC 380 Week 3 Discussion Question 1 comprises: Internal Service and Enterprise Funds Exercises 6-2 and 6-3 Business - Accounting Accounting and Financial Reporting . From Chapter 1 complete Exercise 1-6 and Exercise 1-9. From chapter 2 complete Exercise 2-2 and post the answers to the discussion board. Do not forget to show all necessary steps and explain how you attained the outcome. Respond to at least two of your classmates’ postings. GASB‚ CAFR ISSUES
Premium Finance 2008 Generally Accepted Accounting Principles
Week One Exercise Solutions -Set A 1. Recognition of normal balances | | | | | | The following items appeared in the accounting records of Triguero’s‚ a retail music store that also sponsors concerts. | Classify each of the items as an asset‚ liability; revenue; or expense from the company’s viewpoint. Also indicate the normal account balance of each item. | | | | | | Classification | Normal Balance | a. The albums‚ tapes‚ and CDs held for sale to customers. | A | Debit
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40‚000 Materials handling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20‚000 Set-ups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10‚000 Quality control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45‚000
Premium Costs Cost accounting Cost
Econ 214 Problem Set 4 1. What determines whether a financial asset is included in the M1 money supply? Why are interest-earning checkable deposits included in M1‚ whereas interest-earning savings accounts and Treasury bills are not? A financial assest is included in the M1 money supply when it can be quickly converted into the physical form of money‚ such as dollars and coins. Interested-earning checkable deposits are included because it can be quickly accessible without limitations
Premium Banking Fractional-reserve banking Federal Reserve System
Supply Curves Full Employment YP=140 P 2 1 LRAS YP=140 P 2 1 LRAS Economic boom 2 1 AS YP=140 2 1 AS YP=140 Recession: P Y 1 SRAS1 P Y 1 SRAS1 YP = 140 SRAS2 LRAS1 200 Answer No. 3 The budget deficit is the excess of expenditure incurred by an economy over the incomes generated by it (Gwartney‚ Stroup‚ Sobel‚ Macpherson p.221). In order to ensure that the budget deficit is financed‚ the government has to ensure it has extra funds
Premium Aggregate demand Economics Supply and demand
Basic Accounting Equations Angela M. Hill-McBride ACC 205 Professor Ivory December 17‚ 2012 Basic Accounting Equations 1. Basic concepts. Jean’s Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A)‚ liability (L)‚ revenue (R)‚ or expense (E) from the firm’s viewpoint. a. The inventory of boating supplies owned by the company. (A) b. Monthly rental charges paid for store space. (L) c. A loan owed to Citizens
Premium Balance sheet Accounts receivable Liability
Problem Set – June 11th 1. How does our spatial representation of time constitute an element of consciousness? Jaynes outlines six essential features to consciousness in modern humans. The first is spatialization. This describes the ability to metaphorically construct abstract concepts in a spatial map. For example‚ think about human history from about 1000 AD to today. How did you conceive of this concept? Did you see a timeline running left to right‚ with bullet points for the Norman Conquest
Premium Consciousness Mind Philosophy of mind