Problem 1: California Surplus Inc. qualifies to use the installment-sales method for tax purposes and sold an investment on an installment basis. The total gain of $75000 was reported for financial reporting purposes in the period of sale. The installment period is 3 years; one-third of the sale price is collected in 2012 and the rest in 2013. The tax rate was 35% in 2012‚ and 30% in 2013 and 30% in 2014. The accounting and tax data is shown below. Financial Accounting
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except: A.The law of sovereign foreign countries B.Foreign custom and religious law Correct C.Private contracts between parties in different states in the United States D.International treaties and conventions Answer Key: C Question 2 of 10 10.0 Points Political risk is not affected by a weak or volatile rule of law A.True Correct B.False Answer Key: B Question 3 of 10 10.0 Points Which of the following is not a required element for a valid contract in the United States
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29. In fiscal year 2011‚ Starbucks Corporation (SBUX) had revenue of $11.70 billion‚ gross profit of $6.75 billion‚ and net income of $1.25 billion. Peet’s Coffee and Tea (PEET) had revenue of $372 million‚ gross profit of $72.7 million‚ and net income of $17.8 million. a. Compare the gross margins for Starbucks and Peet’s. Gross Marin = Gross Profit/Sales (Page 35) Starbucks: ($6.75 gross profit / $11.70 sales) = 0.57692 x 100 = 58% GM Peet’s: ($72.7 gross profit / $ 372 sales) = 0.19543 x
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Week 7 Problem Set Chapter 26 (page 903): 1. Answer the following questions: a. What is the difference between a firm’s cash cycle and its operating cycle? b. How will a firm’s cash cycle be affected if a firm increases its inventory‚ all else being equal? c. How will a firm’s cash cycle be affected if a firm begins to take the discounts offered by its suppliers‚ all else being equal? 4. The Greek Connection had sales of $32 million in 2012‚ and a cost of goods sold of $20 million. A simplified
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logic‚ arguments are never described as Student Answer: true. valid. inductive. sound. Instructor Explanation: The answer can be found in Chapter Three of An Introduction to Logic. Points Received: 0 of 1 Comments: Question 2. Question : Human reasoning tends to use a mixture of both Student Answer: oil and vinegar. induction and deduction. induction and reduction. reduction and deduction. Instructor Explanation: The answer can be found in Chapter Three of
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Maria Saavedra ECT122 Week 1 05/07/2014 Chapter 1Chapter 2 Chapter 3 Practice Problems *(Be sure to put the units in; volts‚ amps‚ etc.) 1.One coulomb of charge passes a point every 20 seconds. Calculate the value of the current through the point. I=Q/t = 1C/20s = .05C/s= .05 A x10^-3 C = 50mA 2.A total charge of 2.5 × 10-3 C passes a point every 40 seconds. Calculate the value of the current through the point. I=Q/t =0.0025C/40s= 6.25 C/s = 6.25 A 4.A total charge of 50 × 10-3 C passes a point
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Question 1 2 out of 2 points "If a response is followed by a pleasurable consequence‚ it will tend to be repeated. If a response is followed by an unpleasant consequence‚ it will tend not to be repeated." This is a statement of ________________. Answer Selected Answer: Thorndike ’s Law of Effect Question 2 2 out of 2 points A Skinner box is most likely to be used in research on ______. Answer Selected Answer: operant conditioning Question 3 2 out of 2 points A child
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QNT 351 Final Exam1) The main purpose of descriptive statistics is to2) The general process of gathering‚ organizing‚ summarizing‚ analyzing‚ and interpreting data is called3) The performance of personal and business investments is measured as a percentage‚ return on investment. What type of variable is return on investment 4) What type of variable is the number of robberies reported in your city5) What level of measurement is the number of auto accidents reported in a given month6) The names of
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Business system anaylsis Problems and Exercises Week 7 Homework Tom Sanders DeVry University Professor Girten October 14‚ 2014 Problems and Exercises Appendix A Question 1 - The use-case diagram shown in Figure A-1 F captures the Student billing function but does not contain any function for accepting tuition payment from students. Revise the diagram to capture this functionality. Also‚ express some common behavior among two use cases in the revised diagram by using include relationships. The
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information that is not generally known to the public. Ch. 5 8. a. Inv-Sale = Ave. Inventories (CGS / 365) ( (500k+400k)/2 ) / (900k/365) = 182.5 days b. Sales – Cash = Ave Receivables (Net Sales/365) =( (280k+200k)/2 ) / (1.5M/365) = 58.4 days C. Purchase-Pmt = Ave Payables + Ave Accrued Liabilities (COGS / 365) = (160k+130k)/2+(70k+50k)/2 / (900k/365) = 83.1 D. CCC= 182.5 + 58.4 – 83.14 = 157.8 9. a | 2009 | 2010 | Net Sales | $900‚000 | $1‚500‚000 | Net
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