ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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More significantly‚ they acknowledge the fact that it is wrong and unethical to use animals in the experiments if alternative methods of testing would provide equally compelling results. Scientists use animal experiments to test chemicals and medicines‚ as well as to study how animal and human bodies function (in health and
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most suspect kind”(Sunstein‚ 2004). Peter Singer‚ a wrold renowned animal rights activist travels to New York‚ and walks around 5th Avenue‚ which has high-end‚ boutique stores‚ for luxury shopping‚ and raises the question‚ is their something unethical about the way we spend our money? The argument being raised by Peter Singer is if ethics is the study of choices we as humans make‚ and we make the choice to spend lots of money on these types of items that reflect our social
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Model organisms are organisms used for research. They are alive‚ non-human species used for the purpose of studying different human diseases or other related experiments in which human testing would be considered either unsafe or unethical. Scientists study a particular biological phenomenon on a model organism and try to relate their findings to other types of organisms that are more difficult to study. As an example‚ 60% of human disease genes have an equivalent in the fruit fly and nematode worm
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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Did you know that people were intentionally given a disease that could lead to death? The text Tuskegee Experiment: The Infamous Syphilis Study explains the events of the Tuskegee Syphilis Experiment that started in 1932. There were 600 African American sharecroppers that were involved in the study. Only 399 of the men had latent syphilis‚ and the other 201 had not been injected with the disease. Others may argue that these experiments were needed to develop proper medical treatment for syphilis
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meltdown‚ as many Countrywide borrowers have defaulted on their loans. Countrywide has harmed its shareholders and squandered its own corporate net worth on unethical practices and an unsustainable business model (Unknown‚ 2008). This paper will outline the act that deregulated the financial system that allowed Countrywide to act in the unethical manner they did‚ Countrywide’s unscrupulous tactics‚ Bank of America’s merger with Countrywide and inheriting burdens associated with the merger.
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DNA is the “blueprint” for the individuality of an organism. The organism relies upon the information stored in its DNA for the management of every biochemical process. The life‚ growth and unique features of the organism depend on its “blueprint”. The parts of DNA which have been linked with specific features or functions of an organism are called genes. Molecular biologists have discovered many enzymes which change this structure in living organisms. Some of these enzymes can cut and join strands
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congruent with the organizational goals‚ but various dysfunctional behaviors occurs in the organization due to some unethical reason or sometimes situational impression. Performance appraisals lead to dysfunctional or optimistic behaviors which affect organizational performance. (Gary Dessler‚ 2006)‚ Hence‚ dysfunctional behaviors lead an organization performance downstairs which arises for a lot of causes. Dysfunctional behavior in any form is usually the result of the behaviour of the person trying
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