Budgeting and Forecasting 278 Midterm 2014 (TCO 1) The type of budget that is updated on a regular basis is known as a _____. Student Answer: continuous budget revised budget updated budget flexible budget TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales‚ assuming each period has equal influence on the prediction of future sales‚ is the _____. Student Answer: moving average model weighted moving average
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N/A Grade Details Page: 1 2 1. Question : (TCO 11) Define point estimate. Student Answer: Approximation of a single quantity or a single numerical value‚ instead of that of a whole range of values. Instructor Explanation: A point estimate occurs when a single value‚ which is the result of sampling‚ is used to estimate a population parameter. (See p. 501) Points Received: (not graded) Comments: 2. Question : (TCO 11) Define standard error of the mean. Student Answer:
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1. (TCO A) Use future or present value techniques to solve the following problems. (Note: You can use tables or a financial calculator. If you use a calculator‚ please provide the inputs you used to solve the problems.) (5 points each = total 20 points) a. Starting with $20‚000‚ how much will you have in 20 years if you can earn 5% on your money? b. If you inherited $100‚000 today and invested all of it in a security that paid an 8% rate of return‚ how much would you have in 15 years? c. If
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hikers are concerned. They depend almost entirely on GPS satellites. Apply as many TCOs to PND devices as possible. TCO A- TOMTOM has created a PND through innovation of a product that is multi-useful and dependable. The system runs on the AT&T Network. It is dependable and user-friendly to the vehicle owning public. TCO B- TOMTOM makes an effective use of its patents where their designs are concerned. TCO C- TOMTOM has created a robust navigational device that has millions of updated information
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below. Date Taken: 2/1/2015 Time Spent: 1 h ‚ 22 min ‚ 27 secs Points Received: 190 / 190 (100%) Question Type: # Of Questions: # Correct: Multiple Choice 10 10 Short 4 4 Grade Details - All Questions Page: 1 of 2 Question 1. Question : (TCO 1) Which of the following is NOT a difference between Financial Accounting and Managerial Accounting? Student Answer: Financial Accounting is concerned with the past‚ while Managerial Accounting is concerned with the future. Managerial Accounting
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TCO B Questions 1. (TCO C) The following overhead data are for a department of a large company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable costs: Indirect materials $6‚850 $6‚600 Electricity $1‚312
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Essay 4 N/A Grade Details - All Questions Page: 1 2 Question 1. Question : (TCO F) Computing unit product costs involves averaging in Job-Order Costing Process Costing A Yes No B Yes Yes C No Yes D No No Student Answer: Choice A. Choice B. Choice C. Choice D. Instructor Explanation: Chapter 3 Points Received: 0 of 5 Comments: Question 2. Question : (TCO F) Which of the following companies would be most likely to use a job-order costing system
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submit the exam when you are finished. To earn full credit your response to each essay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics: TCO 1 Chapters 1‚ 2‚ 3‚ 5‚ 6‚ 13 and 15 Weeks 1‚ 2‚ 4 and 5 Given a description of a typical business‚ demonstrate how that business acts within our economic system to achieve its goals as well as those of society‚ along with an understanding
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R1R3 is equal to R2R4. Nonetheless‚ R1R3 is not generally equal to R2R4. The pressure sensor‚ thus‚ has an offset: equation(2) V0=S0K0VB Turn MathJaxon where S0 = R1R3 − R2R4‚ K0 = (R1 + R2)(R3 + R4). The temperature coefficient of offset (TCO) is [17]: equation(3) ∂V0∂T=VBK0∂S0∂T−VBS0K20∂K0∂T=V0S0∂S0∂T−V0K0∂K0∂T≈V0S0∂S0∂T=VBK0[(α1+α3)R01R03−(α2+α4)R02R04] Turn MathJaxon where
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1. (TCO C) Which of the following should not be reported in the income statement? (Points : 5) Goodwill amortization Trade name amortization expense Patent impairment losses All of the above Question 2. 2. (TCO C) Which of the following costs incurred with developing computer software for internal use should be capitalized? (Points : 5) Evaluation of alternatives Coding Training Maintenance Question 3. 3. (TCO C) Mini Corp.
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