Accounting 3 & 4 Exercises Set # 1 Lee E. 1. Fred has owned and operated a sole proprietorship for several years. On January 1‚ he decides to terminate this business and become a partner in the firm Sears and Roebucks. Fred’s investment in the partnership consists of P12‚000 in cash‚ and the following assets of the proprietorship: accounts receivable P14‚000 less allowance for doubtful accounts of P2‚000‚ and equipment P20‚000 less accumulated depreciation of P4‚000. It is agreed that the allowance
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Question 1 0 out of 1 points Suppose a firm is collecting €1250 in total revenues and the total costs of its variable factors of production are €1000 at its current level of output. In the short run‚ one can predict that the firm will Selected Answer: earn a profit. Correct Answer: continue to operate. Question 2 1 out of 1 points Melissa is trying to decide how to divide her time between her jobs as a night-receptionist in the dormitory‚ which pays €9/hr for as many
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Assignment 2 Question 1 1. The maintenance of capital doctrine is developed to prohibit a company from reducing its share capital because a reduction in capital would reduce the pool of funds available to the company to pay its creditors. Section 254T provides that dividends are only payable out of profits. This provision ensures that capital is not return to shareholders in the form of dividend. The term “profit” is not defined in the Corporation Act. In Re Spanish Prospecting Co Ltd (1911)‚ it
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information in the first table. • In the second table‚ sort information about your 5 people and/or documents into the topics. • Answer the questions below the table in complete sentences using correct grammar. People/documents: • Montesquieu • The Magna Carta • Aristotle • Constitutional Convention • John Locke and Thomas Hobbes • English Petition of Right • Habeas Corpus Act • British Bill of Rights Sources Person or document #1 Montesquieu #2 John Locke and Thomas Hobbes #3 Aristotle URL Evaluation
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Q-1 Financial ratio analysis is conducted by three main groups of analysts: credit analysts‚ stock analysts‚ and managers. What is the primary emphasis of each group‚ and how would that emphases affect the ratios they focus on? Credit analyst for extending loans Stock analysts for buy and sell recommendations Managers to help manage the finances of the company Q-6 If a firm’s ROE is low and management wants to improve it‚ explain how using more debt might help. If the ROE is low you might
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Compensation‚ 7e (Martocchio) Chapter 4 Incentive Pay 1) Which of the following is true concerning incentive pay? A) The award is earned only when the predetermined work objective is totally completed. B) Motivates employees to be more productive‚ but does little to control payroll costs. C) Awards are granted in one-time payouts. D) Incentive levels are generally subjective in nature. Answer: C Difficulty: Difficult Type: Concept Learning Obj: 1 2) Which of the following is true of incentive pay? A)
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Ateneo Graduate School of Business MBA Standard Financial Accounting TEAM DAVAO Group Members: Martha Herrera‚ Katrina Ortega‚ Chris Almeda‚ Gil Fernandez Presentation for Case 4-1 CASE PC Depot was a small retail store for personal computers and hand-held calculators‚ selling several national brands in each product line. The store was opened in early September by Barbara Thompson‚ a young woman previously employed in direct computer sales for a national firm specializing in business computers
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Question 1 0 out of 2 points Product mix problems cannot have "greater than or equal to" (≥) constraints. Answer Selected Answer: True Correct Answer: False Question 2 0 out of 2 points Fractional relationships between variables are permitted in the standard form of a linear program. Answer Selected Answer: True Correct Answer: False Question 3 2 out of 2 points In a media selection problem‚ instead of having an objective of maximizing profit or minimizing
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Harvard Business School 9-597-063 Rev. November 14‚ 1997 DO Computron‚ Inc. (1996) In July 1996‚ Thomas Zimmermann‚ manager of the European Sales Division of Computron‚ was trying to decide what price to submit on his bid to sell a Computron 1000X digital computer to Kšnig & Cie.‚ AG‚ GermanyÕs largest chemical company. If Zimmermann followed ComputronÕs standard pricing policy of adding a 33 1 3 % markup to factory costs and then including transportation costs and import duty‚ his bid would
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Lab 22: 4-Methylcyclohexene Abstract: We treated 4-methylcyclohexanol with phosphoric acid‚ and after purification we produced the end product 4-methylcyclohexene. We determined we had a pure product based on the results of the tests with Br2 and KMnO4‚ as well as the IR absorbtion spectrum of the final product. Purpose: The purpose of this experiment is to obtain pure 4-methylcyclohexene by reacting 4-methylcyclohexanol and phosphoric acid. Through distillation
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