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Michigan State University - ISP - 205
Quiz: Homework Set 4https:/angel.msu.edu/section/content/default.asp?WCI=pgTool%5FQu.Homework Set 41. [1 pt each, 5 pts total] The following events are thought to have happened during the formation of the Solar System. Sort them into the correct
Michigan State University - ISP - 205
Quiz: Homework Set 2https:/angel.msu.edu/section/content/default.asp?WCI=pgTool%5FQu.Homework Set 21. [2 pts] The picture shows a wave at a certain instant in time. The amplitude of the oscillation is plotted versus the distance from the source
Michigan State University - ECON - EC 301
ECONOMICS 301 PROBLEM SET 2 BYUNG-CHEOL KIM SPRING 2007 This problem set will be collected at the beginning of March. 21, 2007 (Wed) class with no excuse. The grade for this problem set is worth of 5% for your total grade. You can work on this paper
Michigan State University - ISP - 205
Quiz: Homework Set 5https:/angel.msu.edu/section/content/default.asp?WCI=pgTool%5FQu.Homework Set 51. [3 pts] You observe two stars of equal mass in a binary system. Each of the stars is in a circular orbit about their common center of mass. Yo
Michigan State University - ISP - 205
Quiz: Homework Set 6https:/angel.msu.edu/section/content/default.asp?WCI=pgTool%5FQu.Homework Set 61. [1 pt. each] Using the Hertzprung-Russell diagram in the sketch, match the number with the type of star that is located at that position. 1. S
Michigan State University - ISP - 205
Quiz: Homework Set 7https:/angel.msu.edu/section/content/default.asp?WCI=pgTool%5FQu.Homework Set 71. [1 point each] Match the galaxy shown in the figure to its Hubble Type. Refer to Section 15.1 of the text, and particularly to Fig. 15.7, for
Michigan State University - ECON - EC 480
ECN 3890 Spring 2007 Answers to Homework 1 a.)Income1410slope = -12210 Leisure 100b.)Income1410 1340 0 210 140slope = -12Leisure 100c.)Income 2010slope = -18slope = -121410210 Leisure 100d.)Income1410 1290slope = -12
Michigan State University - ECON - EC 420
EC 420, Spring 2008 David Ifeanyi-Nwanze A36520022 Problem Set 2 - Due February 7 NOTE: For questions using Stata, please type your answers into a word processing document (using MS Word or something similar). Insert the relevant part of your Stata l
Michigan State University - ECON - EC 480
ECN 4890 Spring 2006 Answers to Homework 3 Suppose that there are two types of workers: "Quicks" and "Slows". Quicks can earn $36 per hour in alternative employment, while Slows can earn $20. Quicks can produce 20 widgets per hour, while Slows can pr
Michigan State University - ECON - EC 480
ECN 3890 Name_ Spring 2007 Answers to In-class Assignment (Homework 5)Assume that a unit of labor is measured in worker-hours rather than workers. Union A faces a demand curve in which a wage of $4 per hour leads to quantity demanded of 20,000 work
Michigan State University - ACCT - 201
Important Information Businesses finance acquisition of their assets from two sources: funds supplied by creditors (debt) and funds provided by owners (equity). The mixture of debt and equity a business uses is called its capital structure. In additi
Michigan State University - ACCT - 201
To calculate interest, three variables must be considered: the principal, the annual interest rate, and the time period for the loan. The interest formula is principal times interest rate times time. When computing interest for one year, "Time" equal
Michigan State University - ACCT - 201
In many cases, a company's need for debt capital exceeds the financial ability of any single creditor. In these situations, the company may issue publicly traded debt called bonds. Bonds will be discussed in detail in the next chapter. Many companies
Michigan State University - ACCT - 201
The present value of an annuity is the value now of a series of equal amounts to be received (or paid out) for some specified number of periods in the future. Example: What is the present value of receiving $1,000 each year for three years at an inte
Michigan State University - ACCT - 201
Some pension plans create obligations during employees' service periods that must be paid during their retirement periods. The amounts contributed during the employment period are determined using present value computations of the estimate of the fut
Michigan State University - ACCT - 201
Take away Define, measure, and report current liabilities. Strictly speaking, accountants define liabilities as probable future sacrifices of economic benefits that arise from past transactions. They are classified on the balance sheet as either curr
Michigan State University - ACCT - 201
Accrued LiabilitiesExpenses that have been incurred but have not been paid at the end of the accounting period.AnnuityA series of periodic cash receipts or payments that are equal in amount each interest period.Capital Leasemeets at least o
Michigan State University - ACCT - 201
Chapter 1: Balance Sheet, Income Statement, Statement of Retained Earnings, Statement of Cash flows Know purpose of each of the financial statements & equations Balance Sheet: Reports the amount of assets, liabilities, andstockholders' equity of an
Michigan State University - ACCT - 201
Chapter 2: Balance Sheet Know what's in it Assets: Current: Cash, Marketable Securities, Accounts/Notes/Interest (Receivables), Inventory, (Prepaid) Insurance/Rent, Supplies. Long Term Investments: LT Notes Receivables, Securities Stocks, LT Bound I
Michigan State University - ACCT - 201
Chapter 3: Income Statement Know what's in it Revenues: Gross Sales, Sales Rents/Allowances (contra), Sales Discounts(contra), Service Revenue, Rent Rev.Expenses: Wages/Salary/Depreciation/Utilities/Rent/Supplies/BadDebt/AmortizationOther Item
Michigan State University - ACCT - 201
Chapter 4: Trial Balance (Balance Sheet) Know what's in it Definitions Contra-Account: An account that is an offset to, or reduction of,the primary account.Permanent (Real) Accounts: The balance sheet accounts that carrytheir ending balances in
Michigan State University - ACCT - 201
Chapter 5: Definitions p. 239, 243 Cost-Benefit Constraint: Suggests that the benefits of accountingfor and reporting of information should outweigh the costs.Relevant Information: Information that can influence a decision;it is timely and has p
Michigan State University - ACCT - 201
Chapter 6: Sales Revenue FOB Shipping vs. destination point o FOB shipping point: Free on Board at the shipping point the buyer is paying the freight so they take control when the freight is shipped so they take control when the good are shipped =
Michigan State University - ACCT - 201
Chapter 7: Inventory COGS equation BI + P - EI = COGS. Cash flow assumptions pg. 346The choice of an inventory costing method is NOT based on the physical flow of goods. (applies before any sales and cost of goods are recorded) How to use, which
Michigan State University - ACCT - 201
Perpetual vs. periodic inventory Perpetual inventory: detailed inventory record is maintained, recording each purchase amd sale during the accounting period. Periodic inventory: ending inventory and cost of goods sold are determined at the end of th
Michigan State University - ACCT - 201
Chapter 9: Liabilities Current ratio While high ratio normally suggests good liquidity, too high a ratio suggests inefficient use of resources. Current Ratio = Current Assets / (divide) Current liabilities Accounts Payable turn-over ratio: The acc
Michigan State University - ACCT - 201
Present Value = [1 / (divide) (1 + i)^n ] x Amount o Present Values of an Annuity is a series of periodic cash receipts or payments that are equal in amount each interest period; an Annuity must: 1) an equal dollar amount each interest period. 2) In
Michigan State University - ACCT - 201
Chapter 10 Bonds How to calculate a schedule, what is a bond, advantages/disadvantages of bonds Bond: securities issue (sold) to the public (creditors) to meet large cash needs. Advantages: Tradable, Not diluted, Interest is tax deductible, Cheaper
Michigan State University - ACCT - 201
Chapter 11: Owner's Equity: Stock Preferred vs. Common stock, Treasury stock (Calculations, definition)All corporations must issue common stock, but only some issue preferred stock.Preferred Stock: This stock has specific rights over common stoc
Michigan State University - ACCT - 201
Chapter 13 Cash flows (look page 80,136) What's in it See page 663 and know it Exhibit 13.2 Operating vs. Investing Operating: Cash Flow directly related to earning from normal operations. Investing: Cash Flow related to the acquisition or sale of
Michigan State University - ACCT - 201
Michigan State University - ACCT - 201
Michigan State University - ACCT - 201
Michigan State University - ACCT - 201
Michigan State University - ACCT - 201
Michigan State University - ACCT - 201
These are extra notes on different principles and the reasoning behind certain problems in the practice tests and extra notes for the course pack. Ch. 1 Owners of the company Sole proprietorship 1 owner who has complete responsibility (legal entity)
Michigan State University - ACCT - 201
STATEMENT OF RETAINED EARNINGS: Shows the effect of earnings or losses and dividends on the amount of earnings we have that roll over every year. BEG. RE-DIVIDENDS+NET INCOME=END. RE *Ending RE is shown on the balance sheet STATEMENT OF CASH FLOWS: S
Michigan State University - ACCT - 201
Conservatism: don't overstate assets and revenues or understate liabilities and expenses For transactions determine what's happening, the classifications that are affected, for example if you're buying inventory you know that your assets are increasi
Michigan State University - ACCT - 201
Adjusting Entries update revenue and expenses, and updating, correcting errors to permanent accounts 1. Expense Permanent Account (Liab. Or Asset) 2. Unearned Revenue Revenue Closing Process: CLOSE ALL TEMPORARY ACCOUNTS: REVENUES, EXPENSES, GAINS, L
Michigan State University - ACCT - 201
Answers: 1. E 2. D 3. D 4. D 5. E 6. E 7. E 8. D 9. D 10. A 11. B 12. D 13. A 14. C 15. C 16. B 17. D 18. C 19. D 20. C
Michigan State University - ACCT - 201
ACC201Test 1Form 1_ Name_ Section NumberDO NOT OPEN THIS BOOKLET UNTIL TOLD TO DO SOInstructions: 1. Complete the bubble sheet with your printed name, PID number, Section Number, and Form Number. Then bubble in this information too. Be carefu
Michigan State University - ACCT - 201
1. Melanie's Party Corporation should generally list its assets on the balance sheet in the order of their: a. b. c. d. e. current fair market value historical cost date of acquisition liquidity importance of the operation of the business2 Adam's T
Michigan State University - ACCT - 201
8. Below are several accounts from Winnie Export Company's accounting records: Total assets, end of year Total liabilities, end of year Capital stock, end of year Net income for year Dividends for the period Retained earnings, beginning of year $119,
Michigan State University - ACCT - 201
d. Accounts receivable e. Dividend payable 12. On December 31, 2007, Ruthele's Skating Rink sold $60,000 of season passes for skating to take place during the spring of 2008. The effect of this transaction is: a. Total Assets decrease, Total Liabilit
Michigan State University - ACCT - 201
Accounts Receivable Bonds Payable Cash Contributed Capital Equipment Interest Expense Interest Payable15,000 50,000 5,000 100,000 40,000 1,000 400Prepaid Insurance Retained Earnings Sales Wages Expense Wages Payable3,000 8,000 60,000 20,000 4,0
Michigan State University - ACCT - 201
After recoding these adjustments, net income for March is: a. $118,000 b. 119,000 c. 112,400 NI= Rev and Exp. d. 118,400 e. 117,000 19. On Lisa's records, which of the following accounts is a contra account? a. b. c. d. e. buildings notes payable acc
Michigan State University - ACCT - 201
Answers: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. D B E C D E C D D A C B C A A C E B C B
Michigan State University - ACCT - 201
Sample Test 1 Form 2 1. Which of the following is false regarding Retained Earnings? A. B. C. D. E. 2. Retained Earnings normally have a credit balance. Retained Earnings are ultimately increased by revenues. Retained Earnings are decreased by divide
Michigan State University - ACCT - 201
On December 31, 2007 Larry's Golf Shop Inc. purchased a one-year fire insurance policy for the year 2008, paying $5000 cash. What is the net effect of this transaction on Total Assets, Total Liabilities and Total Stockholders' Equity as of December 3
Michigan State University - ACCT - 201
Oberliessen's Craft Shop had the following information available at year-end: Ending Retained Earnings Dividends declared and paid Beginning Retained Earnings Total Expenses 8. $130,000 $ 10,000 $ 90,000 $ 50,000Based on the above information, what
Michigan State University - ACCT - 201
9. Under accrual accounting, sales revenue is recorded when the: A. B. C. D. The earnings process is complete or nearly so. Collection of the cash for the goods is probable. Sales transaction is completed. All of the above.10. 1/31/07, 450 accounti
Michigan State University - ACCT - 201
16. On 12/31/07 Don's Dentist's Inc. failed to recognized depreciation on equipment it use in his business. What is the effect of this error on Total Assets, Total Liabilities, and Total Stockholders' Equity? A. Total Assets overstated, Total Liabili
Michigan State University - ACCT - 201
18. Little Blue had the following account balances at 12/31/07 (This is a complete list): Cash Accounts Receivable Inventory Building & Equipment Accounts Payable Notes Payable-long term Contributed Capital Retained Earnings What is the working capit
Michigan State University - COM - 240
Sep 11 2007 Com 240 Classical: Human Relations: Human Resources: Employees can be resources to the organization. They have knowledge, insight Person-centered approached that people make a difference Blake and mouton: Managerial leadership gird devel
Michigan State University - COM - 240
Study Guide Exam 2 Com 240 Fall, 2007My Office Hours for Monday November 5th will be held in room 151 Com Arts from 3:00-4:30. External Communication Types of stakeholders: Those that help the org function, those that establish norms or regulate
Michigan State University - COM - 240
Systems and Communication Networks (Chapter 4) Metaphor: organization as organisms System characteristics 1. Patterned activities: Working toward common goal. Ex: all MSU faculties working together to make it a better college. 2. Parts are interdepen
Michigan State University - COM - 240
Culture (Chapter 5) Artifacts: some thing you can see that reflects culture. Deal and Kennedy's aspects Values: beliefs / vision Heroes: Individual who exemplify the values Rites/Rituals: ceremonies through witch organ celebrate values Cultural Netwo
Michigan State University - COM - 240
Monday 7-8:30 pm 171 Com arts. Office hrs. COM 240 External Communication Stakeholders of an organization: Help Organization function Suppliers Customers Stockholders; Boards of Directors Establish norms or regulate operations Professional associatio
Michigan State University - COM - 240
Assimilations/ Socialization Learning about different types of jobs/fields as well as specific companies We start to learn about different types of jobs when we are very your 1. 2. 3. 4. Conversations with others Media (shows, reports, ext.) Marketin
Michigan State University - COM - 240
Study Guide Exam 3 Com 240, Fall 2007 This exam is worth 40 points (about 20-25 questions). All exam questions are multiple choices. There will be questions concerning definitions of concepts, application of concepts, as well as relating concepts t
Michigan State University - COM - 240
Conflict (Chapter 9) Levels of organizational conflict Interpersonal: (between tow People) Individual members of the organization perceive goal incompatibility (don't have same goal) Intergroup: (between tow different groups) aggregates of people wit