Business system anaylsis Problems and Exercises Week 5 Homework Tom Sanders DeVry University Professor Girten September 30‚ 2014 Problems and Exercises Chapter 8 Question 3 - Imagine the worst possible reports from a system. What is wrong with them? List as many problems as you can. What are the consequences of such reports? What could go wrong as a result? How does the prototyping process help guard against each problem? The incorrect data entered‚ or the software error of the system can cause
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This work comprises ACC 201 Week 3 Assignment GAAP Ethics Business - Accounting Read ATC 6-5 of Chapter 6 and answer part a. Additionally‚ given what you have learned about financial accounting so far‚ think of as many ways that you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e.‚ inventory valuation methods.) When
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Practice Problems Ch. 7‚ Practice Problem: 14 Evolutionary theories often emphasize that humans have adapted to their physical environment. One such theory hypothesizes that people should spontaneously follow a 24-hour cycle of sleeping and waking—even if they are not exposed to the usual pattern of sunlight. To test this notion‚ eight paid volunteers were placed (individually) in a room in which there was no light from the outside and no clocks or other indications of time. They could turn the
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Chapter 1 Discussion Questions 1. What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? A major drawback is that there is unlimited liability to the owner. The advantage is simplicity of decision making and low organizational and operating costs. 2. What form of partnership allows some of the investors to limit their liability? Explain briefly. It allows some of the partners to limit their liability. With this arrangement‚ the partners
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1) Explain why strategic management has become crucial in today’s dynamic health care environment. Changes – “Only constant is change” Technological – internet and online banking Social/Cultural – “On Demand” consumer preferences‚ desire for 24 hr service Demographic – Preferences/needs of Baby Boomers vs Generation “Y” Political/Regulatory – Security‚ privacy of financial data Economic – Housing boom‚ housing bust‚ mortgage debacle Competitive – Online-only banks‚ consolidation Customer
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Problem 5-33 First-stage allocation‚ activity-based costing‚ manufacturing sector Overhead Costs: Wages & Salaries Depreciation Rent Other O/H Total O/H Cost $ $ Direct Mfg. Labor Support Wages & Salaries $ 192‚000 Depreciation 15‚000 Rent 36‚000 Other O/H 48‚000 Total O/H Cost $ 291‚000 Activity Rate $ 9.70 Traditional $ 9.70 Order 448200: Direct Mfg. Labor Order Process Design Support Other Direct Materials Direct Labor Direct labor rate/hour Activity Cost Pool Drct Mfg. Labor Order Process
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Chapter 1 Starting up a Proprietorship Proprietorship-an unincorporated business owned by one individual Easy to start Three advantages o Easily and inexpensively formed o Few government regulations o Its income is not subject to public taxation Three limitations o May be difficult for them to obtain capital needed for growth o Proprietor has unlimited personal liability o Life of a proprietorship is limited to the life of the founder Used primarily for small businesses Only account for
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True / False Questions 1. The liability of sole proprietors is limited to the amount of their investment in the company. FALSE AACSB: Communication Abilities Bloom’s: Knowledge Difficulty: Easy Learning Objective: 1-3 2. General partners have limited personal liability for business debts in a limited partnership. FALSE AACSB: Communication Abilities Bloom’s: Knowledge Difficulty: Medium Learning Objective: 1-3 3. The separation of ownership and management is one
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ACC291 Week 5 Exercises -‐ E13-‐1‚ E14-‐1‚ P13-‐9A‚ P13-‐10A‚ P14-‐2 E13-‐1 A. B. C. D. E. F. G. Financing activities Non-‐cash investing and financing activities Noncash investing and financing activities Financing activities Investing activities Operating activities Operating activities E14-‐1 Blevins Inc Condensed Balance Sheet 2012 Assets Current
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Chapter 20 Forming and Operating Partnerships Solution Manual Discussion Questions: 1. [LO 1] What is a flow-through entity‚ and what effect does this designation have on how business entities and their owners are taxed? Flow-through entities are entities that are not taxed on the entity level; rather‚ these entities are taxed on the owner’s level. These types of entities conduct a regular business; however‚ the income earned and deductions allowed are passed to the owners of these
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