Additional Practice Problems for Midterm Exam Preparation of Multiple-Step Income Statement Zoomy Zombie Inc. manufactures a wide variety of children’s products including educational toys‚ safety products‚ and outdoor toys. Skellan Davis‚ the company’s controller‚ had to leave unexpectedly while preparing the 2011 financial statements. Prior to his departure‚ Skellan had calculated 2011 income from operations before taxes of $22‚850‚000 (total for all divisions). Additional events and transactions
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There may be a question on the midterm relating to discounting and present value. This topic is covered in Chapter 1 of your text. Here’s an example problem. The present value of a stream of income or expenses is found the following process. First‚ a discount rate‚ r‚ is selected that reflects the opportunity cost of funds involved. For example‚ a risk free discount rate may be equal to the current rate of Treasury securities‚ about 2.5% to 3% currently. A discount rate that reflects greater
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Midterm Exam Econ 601-002 Fall 2012 Total points: 100. Please answer all of the following questions. There are 4 multiple choice questions‚ each is worth 5 points. Consider the following diagram where a perfectly competitive firm faces a price of $40. Figure 1 1) Refer to Figure 1. The profit-maximizing output is A) 30. B) 54. C) 60. D) 67. E) 79. 2) Refer to Figure 1. At 67 units of output‚ profit is A) maximized and zero. B) maximized and negative. C) maximized and positive. D) not maximized
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Midterm Study Guide Answers 1. A hypothesis is an explanation of observations. “If the floor is wet‚ I will slip.” 2. A controlled experiment is when only one variable is changed. 3. If the plant you are experimenting with has a disease that is an unavoidable experimental error. 4. An enzyme speeds up reactions and lowers the energy it takes to produce something‚ a lock and key. 5. Autotrophs make their own food by producing sugars from sunlight and various chemicals. 6
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Midterm Review Name: ______________________________ Date: ___________ Circle Period R1 R2 R3 S1 S2 S3 Chapter 1 – About Science Vocabulary: Define each term. Fact: Hypothesis: Law: Theory: Check Concepts: 1. Why is physics the most basic science? 2. Why is mathematics important to science? 3. Is a scientific fact something that is absolute and unchanging? Defend your answer. Chapter 2 – Mechanical Equilibrium Vocabulary: Define each term. Force: Net Force: Vector:
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SOLUTIONS Introductory Financial Accounting Midterm Exam Professor Yanfeng Xue Note: 1. You have 90 minutes to finish this exam. The total score for this exam is 100 points. Please use your time wisely. 2. Please show your work because I do give partial credit. 3. If you cannot remember the name of a particular account‚ do your best at guessing and at least indicate the type of the account (asset‚ retained earnings‚ etc.) 4. Good luck!
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Grammar – MIDTERM EXAM #1 1. Underline the subject‚ operator and predication in the following sentences: 1. Peter carefully searched the room. 2. Most people enjoy listening to good music. 3. CD players have improved the quality of recorded music. 4. Mary’s sister is sleeping. 5. Music with a fast rhythm is good for dancing. 6. I have a brother. 7. Charlie Chaplin was given an Academy Award in 1972. 8. You should have told me that before! 9. The process of changing a computer programmed
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Indonesian Chinese Wedding Ceremony A wedding ceremony in my family‚ as Indonesian Chinese‚ is quite complicated. There are a lot of things to do before the wedding‚ such as the proposal. The future groom will have a very important role in the proposal and in the wedding. A lot of rules need to be followed not only by the future groom and bride but also their family members. Usually it will take a long time —usually about a year— to organize the proposal and the wedding. Besides taking
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MSB 605: ETHICS IN THE GLOBAL MARKETPLACE: SPRING 2015 REVIEW Touro College: Midterm: March 2015 CHAPTER 1 1) In business ethics‚ there is no right and wrong‚ everything is relative. T or F 2)According to the text morality is the standard that an individual’s or a group has about what is RIGHT and WRONG or GOOD and EVIL (P.8) 3) Name six characteristics of moral standards (P.12) Moral standards include the norms we have about the kinds of actions we believe are morally right or wrong
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The reasons of South Korea promoted popular culture and the ideologies behind In 1998‚ there was an economic downturn in South Korea. Since most of the industries were affected‚ so‚ the government decided to develop entertainment industry in order to recover the economy. The internal reason was comforting the emotions of the public. The government first promoted drama series. They were mainly about love story with a sad ending. The first ideology was the government wanted the public to articulate
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