The following information applies to the questions displayed below.] Dittman’s Variety Store is completing the accounting process for the year just ended‚ December 31‚ 2011. The transactions during 2011 have been journalized and posted. The following data with respect to adjusting entries are available: a. Wages earned by employees during December 2011‚ unpaid and unrecorded at December 31‚ 2011‚ amounted to $4‚000. The last payroll was December 28; the next payroll will be January 6‚ 2012
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1. A major advantage of the partnership form is that the personal assets of the partners are protected from creditors in case of legal action- False 2. A partnership is considered an “entity” for accounting purposes- True 3. “Mutual agency” means that one partner can legally bind all the other partners to a contract if it appears that he or she is acting appropriately- True 4. Partners are taxed on their drawings regardless of their share of the income. False 5. If a partnership agreement
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Nanosolar Inc. Case Study Analysis Nanosolar is a start-up company and expects to be one of the first manufacturers to produce thin-film solar panels using copper indium gallium (di)selenide (CIGS) technology. Nanosolar is focused on selling a single type of thin-film Photovoltaic (PV) module called the “Nanosolar Utility Panel”. The utility panel is 50% less energy efficient than c-Si modules‚ but being 90% less expensive to produce. Strategic Options: (1) Continue to invest in European and
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AIS Case#1 Sun Ho Sin University of Maryland University College Abstract Answer for question #52; Coupon Accounting and #55; Evan Charter on Chapter3 is given in this assignment. #52; Coupon Accounting a. Yes‚ this situation called “Coupon Accounting Abuse” can happen to a company with a good control environment. This situation would fall under management fraud where top-level manager within the company conduct a fraudulent financial reporting in order to receive personal benefit. Managers
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Petrina Barkley IP 2 Managerial Accounting Karina KasztelnikAmerican Intercontinental University On-line Consider the following scenario: Andre has asked you to evaluate his business‚ Andre’s Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year‚ regardless of the number of haircuts. Rent and other fixed expenses are $1‚750 per month. Hair shampoo used on all clients is $0.40 per client
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E4-3. The following control procedures are used in Elke Company for over-the-counter cash receipts. 1. Cashiers are experienced; thus‚ they are not bonded.Internal Control Weakness: There is a higher chance of theft with more experienced cashiers. Change: Cashiers should be bonded experience or not experienced. 2. All over-the-counter receipts are registered by three clerks who share a cash register with a single cash drawer.Internal control weakness: Disorganization and interference may
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Lesson 03.01: History of the Periodic Table Explain how scientific observations led to the development of‚ and changes to‚ the periodic table. Russian chemist Dmitri Mendeleev set out to organize the 63 known elements according to their properties. Mendeleev wrote the name‚ mass‚ and chemical properties of each element on a separate card and arranged the cards by various properties‚ looking for trends and patterns. When he arranged the elements by increasing atomic mass‚ Mendeleev noticed that similar
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least one way that they are alike and one way that they are different. In a series circuit‚ electrons travel only one path‚ while in a parallel circuit there is more than one path the electrons can follow. Both circuits have a current which can flow. 3. Ohm’s law is represented by the equation I = V/R. Explain how the current would change if the amount of resistance decreased and the voltage stayed the same. In accordance with the law‚ is resistance decreased and voltage stayed the same the current
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market share by fulfilling the customer needs. 3.To study the factors affecting the consumption pattern. Ethical considerations 1.I should have the permission of the people who you will be studying to conduct research involving them. 2. I don’t want to do anything that would cause physical or emotional harm to your subjects. This could be something as simple as being careful how you word sensitive or difficult questions during your interviews. 3. Objectivity against subjectivity in my research
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Video Case Chapter 3 Tom’s Shoes Video Summary Attention to social causes and social responsibility are two big trends in the marketing environment today. It is for this reason that Tom’s Shoes‚ a new startup company‚ is off to a big start. Their entire business is organized around one concept‚ one-for-one giving. For every pair of shoes that are purchased‚ the company gives a pair of shoes to a child in need somewhere in the world. Questions and Answers 1. What trends in the
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