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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Individual Exercise 3 (10 points) 1. A shoe manufacturer’s data show that the distribution of shoe size is normal with a mean of 11inches and SD 1.5 inches. * A manger of the company claims that 70% of the times shoe size will be between 8 and 12 inches. What do you think? In your deliverables‚ write a few lines about what you think of the manager’s claim and what would you advise him to do. (1 point) * How would you modify the manager’s claim if the distribution of shoe size was not
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five positive NPV projects to choose from. However‚ there is not enough manufacturing space in your plant to select all of the projects. Use profitability index to choose among the projects‚ given that you only have 100‚000 square feet of unused space. Project NPV Square feet needed Project 1 100‚000 40‚000 Project 2 88‚000 30‚000 Project 3 80‚000 38‚000 Project 4 50‚000 24‚000 Project 5 12‚000 1‚000 Total 330‚000 133‚000 Solution Compute the PI for each project Project NPV Square feet needed
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Question 3 (35 marks) - Words: 2 – 2.5 Pages The R&D department is planning to bid on a large project for the development of a new communication system for commercial planes. The accompanying table shows the activities‚ time‚ and sequences required; Activity Immediate Predecessor Time (Weeks) A -- 3 B A 2 C A 4 D A 4 E B 6 F C‚D 6 G D‚F 2 H D 3 I E‚G‚H 3 a. Draw the network diagram. b. What is the critical path? c. Suppose you want to shorten the completion time as much as possible‚ and you have
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ECONOMICS MANAGEMENT ACCOUNTING (1202) HANDBOOK OF EXERCISES 2014 / 2015 Page 1 / 69 NOVA SCHOOL OF BUSINESS AND ECONOMICS MANAGEMENT ACCOUNTING (1202) HANDBOOK OF EXERCISES 2014-20151 I - Introduction to Management Accounting Exercise 1 Exercise 2 Exercise 3 Exercise 4 Exercise 5 Exercise 6 - The MA Company - The Alimentar Company - The Alfa Company - The Metalex Company - The Reparadora Company - The DoceAroma Company II - Inventory Valuation and Profit Measurement Exercise 7 - The Beta
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Management‚ 10e (Robbins) Chapter 7 Foundations of Planning 1) Planning is concerned with how objectives are to be accomplished‚ not what is to be accomplished. 2) Planning provides direction to managers and nonmanagers alike. 3) Even without planning‚ departments and individuals always work together‚ allowing organizations to move efficiently toward its goals. 4) Research indicates that nonplanning organizations always outperform planning organizations. 5) Goals are the foundation of organizational
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Question 1 South American Adventures Unlimited SA Adventures Unlimited was formed four years ago by Michael and Jill Rodriguez. Michael was a trained geologist‚ while Jill had a master’s degree in Spanish. They were both avid outdoor enthusiasts and fell in love while trekking across the Andes in Chile. Upon graduation they seized upon the idea of starting their own specialized tour business that would focus on organizing and leading “high-end” adventure trips in South America. Their first
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Understanding Project Management Learning Objectives By the end of this chapter‚ you should be able to: • • focus • • Identify the differences between functional and project management. Explain why project management is necessary in business today. Name the major organizational structures and explain the advantages and disadvantages of each. Identify the requirements of an effective project management system. Many people become project managers by accident. Someone assigns them to manage a project because
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Chapter 1: 1. Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization? A project is a complex‚ no routine‚ off-time effort limited by time‚ budget‚ resources‚ and performance specifications designed to meet customer needs • An established objective • A defined life span with a beginning and an end • Involvement of several departments • Doing something unique • Time‚ cost ‚ and performance
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LORENZO BROWN EN1420 exercise 3.1 Identify the Logical Fallacies 1. Mabel is not qualified to lead the school board because she used to drink liquor in her 20s. A. Ad Hominem; This is under Ad Hominem because the arguer is supporting her claim by pulling information from the her personal life instead of using the knowledge they know about the subject being a leader. 2. A child can be either an athlete or a good student. a. Either-or; this is under the Either-or category because the argument comes
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