CH. 1 Exercise 1-1 1. The traditional business model of accounting is inadequate for governments and not-for-profit organizations primarily because businesses differ from governments and not-for-profit organizations in that A. They have different missions CH. 1 Questions 1. What is the defining distinction between for-profit businesses and not-for-profit entities‚ including governments? What are the implications of this distinction for financial reporting? The defining distinction is that for profit
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Auerbach Enterprises Pamela Jay Ashford University BUS630: Managerial Accounting Thomas Wilson June 17‚ 2013 Auerbach Enterprises Auerbach Enterprises is an air conditioning company who manufactures air conditioners for automobiles and trucks. Their business provides these products across North America. In evaluating the type of costing method Auerbach Enterprises would benefit from the most‚ they fall into job order costing system due to the variety of auto and truck air conditioning
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resources/files/Excerpt_9780801038792.pdf>. New International Version. Retrieved January 17‚ 2015‚ from https://www.biblegateway.com Paris‚ S. (2014) Presentation #1. Ethics-Intro & Christian Worldview Paris‚ S. (2014) Presentation #2. Major Ethical Systems Part 1 Paris‚ S. (2014) Presentation #3. Major Ethical Systems Part 2
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Today‚ the world is experiencing significant technological revaluation at the main part of which is the information technology. There is a general belief that information technology eases and contributes to many aspects of our life (Nunn & Quinet‚ 2002). And new technologies has drastically changed our way of life to include attitudes‚ thoughts‚ perceptions and community at large. In particular‚ Information Technology has transformed our big world into a global village. Unlike the traditional means
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Thompson Deal Too Many. Retrieved from http://www.businessweek.com/stories/2008-06-02/wachovia-one-thompson-deal-too- manybusinessweek-business-news-stock-market-and-financial-advice Givray‚ H. S. (2007‚ Sep 03). When CEO’s Aren’t Leaders. Business Week‚ 102-102. Retrieved from http://search.proquest.com/docview/236777071?accountid=35812 Rising‚ A. (2013). Wachovia Corporation Timeline. Retrieved from http://charlotte.about.com/od/jobsbusiness/a/wachovia.htm
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Analysis Process: 1. Display program welcome message 2. Ask for item name 3. Ask for item price 4. Ask for pound weight 5. Ask for ounces 6. Convert pounds to ounces then add to input ounces 7. Divide total price by ounces 8. Display the price per ounce. Input: Item Name Item Price Item Weight in pounds Ounces as integer Output: Unit price Main Module Declare Name as String Declare Price as real Declare Lbs as integer Declare Oz as integer Declare UnitPrice
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| | | Recorded as operating transfers to the debt service fund | | | | Included as revenues of the debt service fund | | | | Both A and B are correct | | | | Points Received: | 1 of 1 | | Comments: | | | | 2. | Question : | If taxes and/or special assessments are levied by the General Fund and then are subsequently transferred to the debt service fund‚ they are: | | | Student Answer: | | Recorded as revenues of the debt service fund | | |
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daily sales are $20‚000. What is the level of its accounts receivable? Assume there are 365 days in a year. Formula for DSO = Receivables/ Ave sales per day = Receivables/( Annual sales/365) = 20 days x $20‚000= $400‚000 Solution: AR = $400‚000 3-2 Debt Ratio Vigo Vacations has an equity multiplier of 2.5. The company’s assets are financed with some combination of long-term debt and common equity. What is the company’s debt ratio? Formula for Debt ratio = Debt Ratio + Equity Ratio = 1 Equity
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E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan painted on new
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Question 1 . 0 out of 4.4 points CEO’s of major companies often exhibit: Selected Answer: low openness to experience. . Question 2 . 4.4 out of 4.4 points Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization is producing a large number of defective products. This is an example of: Selected Answer: feedback control. . Question 3 . 4.4 out of 4.4 points Which of the following is most likely to be used in
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