Module 1 – Financial Statement Analysis & Valuation‚ 3 edition by Easton‚ McAnally‚ Sommers & Zhang Practice Quiz 1. Which of the following organizations does not contribute to the formation of GAAP? a. b. c. d. FASB (Financial Accounting Standards Board) IRS (Internal Revenue Service) AICPA (American Institute of Certified Public Accountants) SEC (Securities and Exchange Commission) 2. Colgate-Palmolive reports the following dollar balances in its retained earnings account. During 2005‚ Colgate-Palmolive
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Quiz-Taking Tips There are four quizzes to be completed by 11:59 p.m. (ET) on Sunday of Modules/Weeks 1‚ 3‚ 5‚ and 7. Each quiz consists of 20 objective-type questions‚ is timed for 30 minutes‚ and covers two units within the textbook: • Quiz 1: Units 1 & 2 • Quiz 3: Units 5 & 6 • Quiz 2: Units 3 & 4 • Quiz 4: Units 7 & 8 The quizzes are specifically derived from the exercises located at the end of each unit in the textbook. The exercises at the end of each unit serve two
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between 200 and 500 micrometers in diameter C) characteristic of eukaryotic but not prokaryotic organisms D) characteristic of both prokaryotic and eukaryotic organisms Answer: D Reference: Section 1.4 Bloom’s Taxonomy: Level 1 Knowledge 2) How does a scientific theory differ from a scientific hypothesis? A) Theories are proposed to test scientific hypotheses. B) A theory is an explanation for a very general phenomenon or observation; hypotheses treat more specific observations. C)
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Question 1 .0.5 out of 0.5 points What is the future value of $1‚200 a year for 40 years at 8 percent interest? Assume annual compounding. Answer Selected Answer: c. $310‚868 Correct Answer: c. $310‚868 . Question 2 .0.5 out of 0.5 points Gerold invested $6‚200 in an account that pays 5 percent simple interest. How much money will he have at the end of ten years? Answer Selected Answer: b. $9‚300 Correct Answer: b. $9‚300 . Question 3 .0.5 out of
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Which of the following is NOT among the underpinnings of the JIT approach? Zero inventories Which of the following is NOT a principles reason for holding FINISHED GOODS inventory? Prevention of production shutdown. Which of the following applies to the "value of service" pricing model? The model only considers the supply side of the transport pricing function. Which does NOT belong as a legal freight document? Routing guide Which applies when rates are based upon the "cost of service"? The
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The general manager of the grocery store Wegmans in Canandaigua‚ NY‚ wants to know the average (typical) amount of time it takes for a customer to check out of his grocery store. Last Saturday between the hours of 8 am and noon the manager‚ along with a team of helpers‚ measured the amount of time it took the first 200 customers to check out at each of its open registers. The helpers recorded the time (in minutes) using a stop watch‚ starting when a customer first arrived at a line and ending when
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represents a __________ code the definition large in size represents a __________ code sounds like pig represents a ________code. (C) A.structural phonemic semantic B.phonemic semantic structural C.structural semantic phonemic D.phonemic structural semantic 2. Carl Rogers is to ________‚ as Abraham Maslow is to ________. (B) A. social cognitive humanistic B. unconditional positive regard hierarchy of needs C. environmental psychological D. free will externally controlled 3. Miles is listening
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Should abortions be legal? Abortion should be legal‚ because there are too many things that go wrong. A women could be raped and need to get one because she doesn’t want to look at the child and doesn’t want to feel it grow‚ freedom of choosing what to do and how government involvement in personal decisions such as this could lead to potentially having the government deem how many children you can have or even how many pregnancies you are allowed‚ medical reasons for abortion‚ and the ability
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or the healthcare entity rendering the care. The third party is the payer‚ and uninvolved insurance company or health agency that pays the physician‚ clinic‚ or other secondary party provider for the care or services rendered to the first party. 2. Compare the UCR and the CPR payment systems. The usual‚ customary‚ and reasonable (UCR) is one version of discounted fee-for-service payment method. The UCR is a type of fee-for-service payment method in which the third party payer pays for fees that
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insurance on manufacturing facilities. 2 CORRECT All of the following would be classified as product costs except: A) the cost of air-conditioning the factory foreman’s office. B) depreciation on the machinery in the factory. C) the cost of shipping units of product to one of the company’s customers. D) All of the above would be classified as product costs. Feedback: The correct answer is C (Learning Objective 2): All selling and administrative costs are
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