quiz A-revised
6 Pages

quiz A-revised

Course Number: BBA 1023, Spring 2010

College/University: University of Macau

Word Count: 934

Rating:

Document Preview

QUIZ A CLASS: Student Number: 1. The characteristics of a liability include: A. A past transaction or event. B. A present obligation. C. A future payment of assets or services. D. Both (a) and (b). E. All of these. Student Name: 2. Unearned revenues are: A. Also called deferred revenues. B. Amounts received in advance from customers for future delivery of products or services. C. Also called collections in...

Unformatted Document Excerpt
Coursehero >> Macau >> University of Macau >> BBA 1023

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

A QUIZ CLASS: Student Number: 1. The characteristics of a liability include: A. A past transaction or event. B. A present obligation. C. A future payment of assets or services. D. Both (a) and (b). E. All of these. Student Name: 2. Unearned revenues are: A. Also called deferred revenues. B. Amounts received in advance from customers for future delivery of products or services. C. Also called collections in advance. D. Also called prepayments. E. All of these. 3. On November 1, Carter Company signed a 120-day, 10% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? A. Debit interest expense, $0; credit interest payable, $0. B. Debit interest expense, $100; credit interest payable, $100. C. Debit interest expense, $150; credit interest payable, $150. D. Debit interest expense, $200; credit interest payable, $200. E. Debit interest expense, $300; credit interest payable, $300. 4. Employee vacation benefits: A. Are estimated liabilities. B. Are contingent liabilities. C. Are recorded as an expense when the employee takes a vacation. D. Are recorded as an expense when the employee retires. E. Increase net income. 5. Buying stock in a corporation is attractive to investors because: A. Stockholders are not liable for the corporation's actions and debts. B. Stock is easily transferred. C. A corporation has unlimited life. D. Shareholders are not agents of the corporation. E. All of these. 6. Prior period adjustments are reported in the: A. Income statement. B. Balance sheet. C. Statement of retained earnings. D. Statement of cash flows. E. Notes to the financial statements. 7. Shamrock Company had net income of $30,000. On January 1, the number of shares of common stock outstanding were 8,000. There were no other stock transactions. The company's earnings per share is: A. $3.75. B. $3.00. C. $3.33. D. $15.00. E. $3.16. 8. A company issued 60 shares of $100 par value stock for $7,000 cash. The total amount of paid-in capital is: A. $ 100. B. $ 600. C. $1,000. D. $6,000. E. $7,000. 9. The retirement of stock: A. Reduces the number of issued shares. B. Does not reduce the number of authorized shares. C. Removes all paid-in capital amounts related to the retired shares. D. Reduces retained earnings if the purchase price exceeds the net amount removed from paid-in capital. E. All of these. 10. A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were available immediately prior to the dividend: The amount that total stockholders' equity will increase (decrease) as a result of recording this stock dividend is: A. $45,000. B. $135,000. C. $(90,000). D. $(135,000). E. $0. 11. Bonds that have an option exercisable by the issuer to retire them at a stated dollar amount prior to maturity are known as: A. Convertible bonds. B. Sinking fund bonds. C. Callable bonds. D. Serial bonds. E. Junk bonds. 12. A company borrowed $300,000 cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity at 8% for 5 years is 3.9927. Each payment annuity equals $75,137. The present value of the note is: A. $ 75,137. B. $ 94,013. C. $ 300,000. D. $ 375,685. E. $1,197,810. $75,137 x 3.9927 = $300,000 13. Which of the following statements is true? A. Interest on bonds is tax deductible. B. Interest on bonds is not tax deductible. C. Dividends to stockholders are tax deductible. D. Bonds do not have to be repaid. E. Bonds always decrease return on equity. 14. The party that has the right to exercise the call option on callable bonds is(are): A. The bondholders. B. The bond issuer. C. The bond indenture. D. The bond trustee. E. The bond underwriter. 15. A discount on bonds payable: A. Occurs when a company issues bonds with a contract rate less than the market rate. B. Occurs when a company issues bonds with a contract rate more than the market rate. C. Increases the Bond Payable account. D. Decreases the total bond interest expense. E. Is not allowed in many states to protect creditors. 1. 11. 2. 12. 3. 13. 4. 14. 5. 15. 6. 7. 8. 9. 10. PROBLEM: 1. On December 1, Gates Company borrowed $45,000 cash from FirstBank by signing a 90-day, 9% note payable. a. Prepare Gate's journal entry to record the issuance of the note payable. b. Prepare Gate's journal entry to record the accrued interest due at December 31. c. Prepare Gate's journal entry to record the payment of the note on March 1 of the next year. 2. Stalls Company is authorized to issue 750,000 shares of $50 par value, 8%, cumulative, fully participating preferred stock and 750,000 shares of $5 par value common stock. Stalls has 50,000shares of common stock outstanding. Prepare journal entries to record the following selected transactions: May 5 issued 1,550 shares of preferred stock for $50 cash per share. Oct. 20 issued 1,000shares of preferred stock at $55 cash per share. Nov.1 A cash dividend of $0.50 per share was declared by the board of directors to common stockholders of record on Nov.20, payable Dec. 1. Dec.1 paid the cash dividend Dec. 8 exchanged 2,000 common stock for a building with a market value of $135,000. Dec.18 purchased 1,000 of its own common share at $8 per share cost. 3.Hornet Corporation has a loan agreement that provides it with cash today, and the company must pay $25,000 one year from today, $15,000 two years from today, and $5,000 three years from today. Hornet agrees to pay 10% interest. The following are factors from a present value table: What is the amount of cash that Hornet receives today? 4.Braeburn issues $3,500,000 of 8%, 15-year bonds dated January 1, 2009, that pay interest semiannually on June 30 and December 31. Assume that the bonds are issued at a price of $3,024,000. Requirement a.Prepare the January 1, 2009, journal entry to record the bonds' issuance. b.Determine the total bond interest expense to be recognized over the bonds' life. c.Use the straight-line method to amortize the discount for these bonds. What’s the amount of the first amortization? What’s the carrying value of the bond after first amortization? d.Prepare the journal entries to record the first two interest payments.

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

University of Macau - BBA - 1023
ANSWER TO QUIZ B 1-5 BCEDE 6-10DBCBA11-15BCEBBPROBLEM 1. November 14, 11 14 (=60-31-15)2.June 20, Cash.55000 (55*1000) Preferred stock.50000 (50*1000) Paid-in capital in excess of par value, preferred stock.5000(5*1000)Sept.1, Retained earnings.15,00
University of Macau - BBA - 1023
QUIZ B CLASS: Student Number: Student Name: 1. Obligations due to be paid within one year or the company's operating cycle, whichever is longer, are: A. Current assets. B. Current liabilities. C. Earned revenues. D. Operating cycle liabilities. E. Bills.
University of Macau - BBA - 1023
ANSWERS TO QUIZ C 1-5 AECDE 6-10BAAAE PROBLEM 1.11-15CEACE2. (1)$231,000 $500,000-$23,000=477,000 $477,000+net income$72,000-cash dividend$278,000-stock dividend$40,000=$231,000 (2) Statement of Retained earnings for the year 2010 Retained earnings, Dec
University of Macau - BBA - 1023
QUIZ C CLASS: Student Number: 1. Unearned revenue is initially recognized with a: A. Credit to unearned revenue. B. Credit to revenue. C. Debit to revenue payable. D. Debit to revenue. E. Debit to unearned revenue.Student Name:2. Employers' responsibili
University of Macau - BBA - 1023
ANSWERS TO QUIZ D 1-5BBABB 6-10ACCBB PROBLEM 1.11-15CCAAC2.3. (1)$258,200=250,000+23,000+36,000-30800-20000=258,200 (2)statement of retained earnings for 20104.
University of Macau - BBA - 1023
QUIZ D CLASS: Student Number: Student Name: 1. A contingent liability: A. Is always of a specific amount. B. Is a potential obligation that depends on a future event arising from a past transaction or event. C. Is an obligation not requiring future paymen
University of Macau - BBA - 1023
ANSWERS TO QUIZ E 1-5ACCCA 6-10 CACBD PROBLEM 1.11-15 ECCCE2.a. Feb.15 Retained earnings 200,000(5%*8*500,000) Common stock dividend distributable.125,000(5%*5*500,000) Paid-in capital in excess of par value, common stock75,000 Mar 20, Common stock divi
University of Macau - BBA - 1023
QUIZ E CLASS: Student Number: Student Name: 1. Contingent liabilities must be recorded if: A. The future event is probable and the amount owed can be reasonably estimated. B. The future event is remote. C. The future event is reasonably possible. D. The a
University of Macau - BBA - 1023
ANSWERS TO QUIZ F 1-5EDAEB 6-10CCBCC PROBLEM 1.11-15ECCAC2. a. Feb.15 Retained earnings 1,250,000 (50%*5*500,000) Common stock dividend distributable.1,250,000(50%*5*500,000) Mar 20, Common stock dividend distributable.1,250,000(5%*5*500,000) Common sto
University of Macau - BBA - 1023
QUIZ F CLASS: Student Number: 1. Known liabilities: A. Include accounts payable, notes payable, and payroll. B. Are obligations set by agreements, contracts, or laws. C. Are measurable. D. Are definitely determinable. E. All of these. 2. Liabilities invol
University of Macau - BBA - 1023
ANSWERS TO QUIZ G 1-5CAADA PROBLEM 1.6-10EDECE11-15CEBECSubject to Tax a. FICA-Social Security. FICAMedicare. FUTA. SUTA. b. FICA-Social Security. FICAMedicare. FUTA. SUTA. c. FICA-Social Security. FICAMedicare. FUTA. SUTA. 2. $2,100 2,100 1,100 1,100
University of Macau - BBA - 1023
QUIZ G CLASS: Student Number: Student Name: 1. Amounts received in advance from customers for future products or services: A. Are revenues. B. Increase income. C. Are liabilities. D. Are not allowed under GAAP. E. Require an outlay of cash in the future.
University of Macau - BBA - 1023
ANSWERS TO QUIZ H 1-5EBEBC PROBLEM 1.6-10CCDEE11-15 CEADE2. Feb.15 Retained earnings 200,000(5%*8*500,000) Common stock dividend distributable.125,000(5%*5*500,000) Paid-in capital in excess of par value, common stock75,000 Mar 20, Common stock dividen
University of Macau - BBA - 1023
QUIZ H CLASS: Student Number: 1. Contingent liabilities can be: A. Probable. B. Remote. C. Reasonably possible. D. Estimable. E. All of these. 2. Liabilities: A. Must be certain. B. Must sometimes be estimated. C. Must be for a specific amount. D. Must al
University of Macau - BBA - 1023
* K H K H ) * p Question 1: Score 3/311* K H Quick Study 11-1: Classifying liabilities L.O. C1 Which of the following items are normally classified as a current liability for a company that has a 15-month operating cycle? (Select all that apply.) Cho
University of Macau - BBA - 1023
1 13 1 *1. 1. 2. P[S* 3. 8b* 8b P.S.:* m+ p:b* * 8 3 F _:1 3F 3F ` 3 -_|, mb ,1 facebook~ @m+ _ S+ 1 Question 1: Score 5/5Your response Quick Study 13-8: Accounting for small stock dividend L.O. C2, P3 The stockholders' equity section of Atari Company
University of Macau - BBA - 1023
1 14 11 *4 Question 1: Score 4/4Your response Quick Study 14-6: Bond retirement by call option L.O. P4 On July 1, 2009, Teller Company exercises a $4,000 call option (plus par value) on its outstanding bonds that have a carrying value of $208,000 and
University of Macau - BBA - 1023
* 18C18Question 1: Score 5/5Your response Quick Study 18-2: Managerial accounting versus financial accounting L.O. C1 Identify whether each description most likely applies to managerial or financial accounting. 1. It is directed at external users in
University of Macau - BBA - 1023
1 19 1Xq i*Question 1: Score 10/10Your response Exercise 19-2: Analysis of cost flows L.O. C2, P1, P2, P3 As of the end of June, the job cost sheets at Tracer Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Direct
University of Macau - BBA - 1023
2 20 2( S*e^D+ RQuestion 1: Score 15/15Your response Exercise 20-2: Journal entries in process cost accounting L.O. P1, P2, P3 Festive Toy Company manufactures toy trucks. Prepare journal entries to record its following production activities for Janua
University of Macau - BBA - 1023
2 22 2 *La+ R iPhone w OQuestion 1: Score 10/10Your response Problem 22-7A: Break-even analysis with composite units L.O. P4, C3 Patriot Co. manufactures and sells three products: red, white, and blue. Their unit sales prices are red, $74; white, $108
HKUST - ACCT - acct 101
1. The revenue that electric company earned should be considered as unrecorded revenue. The company will need to make an estimation on how much it is supposed to earn based on each customers past consumption of electricity. By doing this, the company can
University of Phoenix - HSM - hsm 270
Capstone Checkpoint 1.Cynthia Walker HSM 270 Axia College1. Programs are often smaller pieces of a larger human services organization. How will the organizations mission affect your program?The organizations mission is still a direct part of your progr
Kaplan University - CM105 - CM105
You Cant Learn to Write Without Reading 1You Cant Learn to Write Without Reading Jennifer Johnson Kaplan University CM105-02: College Composition I for Business Majors Rathi Krishnan May 24, 2010You Cant Learn to Write Without Reading 2Morris Freedman
Kaplan University - CM105 - CM105
Jennifers Restaurant Memorandum To: All employees From: Jennifer Johnson, Owner Date: May 31, 2010 Subject: Reduction of Staff Fist I would like to thank everyone for your hard work and dedication over the last several months. As you are probably aware, t
Kaplan University - CM105 - CM105
Unit 5 Project Running Head: UNIT 5 PROJECT1Unit 5 Project: Outline for The Glass Ceiling and Women in the Workplace Jennifer Johnson Kaplan UniversityCM105-O2 Rathi Krishnana June 13, 2010Unit 5 Project2I. Introduction A. "Glass ceiling" is the ter
Kaplan University - CM105 - CM105
Unit 6 Project Hi Jennifer,1Thank you for sharing your work with the KU Writing Center! I hope you will find my feedback helpful, not just for this project but also for others to come. To make sure you can read my comments in Microsoft Word, please sele
Kaplan University - CM105 - CM105
Unit 7 Project1Running Head: UNIT 7 PROJECTUnit 7 Project: The Glass Ceiling and Women in the Workplace Jennifer Johnson Kaplan UniversityCM105-O2 Rathi Krishnana June 16, 2010Unit 7 Project2The Glass Ceiling and Women in the WorkplaceWomen are ve
Kaplan University - CM105 - CM105
Peer Review of Jennifer Merino Running Head: PEER REVIEW OF JENNIFER MERINOUnit 8 Peer Review Exercise Jennifer Johnson Kaplan UniversityCM105-02 Professor Krishnan June 16, 2010Peer Review of Jennifer Merino 1. Were all parts of the subject covered in
Kaplan University - CM105 - CM105
Numeric grade: 24/30 Comments: (none) <Close WindowLetter grade:Autograde Summary Date Taken: 6/2/2010 6:55:49 PM Time Spent: 0:11:45 Points Received: 24 / 30 (80%) These are the automatically computed results of your exam. Grades for essay questions, a
Kaplan University - CM225 - cm225
Time Management1Running Head: TIME MANAGEMENTTime ManagementJennifer Johnson Kaplan UniversityCM225-03 Susan Schmitt August 8, 2010Time Management In order to improve in the area of time management I must fist know where my opportunities lie? One wa
Kaplan University - CM225 - cm225
TelecommutingRunning head: TELECOMMUTING1Telecommuting Jennifer Johnson Kaplan UniversityCM225-03 Susan Schmit August 31, 2010Jennifers AlarmsMemoTo: John Morley, supervisor, Jennifers Alarms From: Jennifer Johnson CC: Werner Zehr, manager, Jennife
Kaplan University - CM225 - cm225
Peer Review Running head: PEER REVIEW1Peer Review Unit 7 Jennifer Johnson Kaplan UniversityCM225-03 Susan Schmit September 12, 20101Jennifers AlarmsMemoTo:Amanda Distler From: Jennifer JohnsonCC: Date:Susan Schmitt 07:01:33Re:Recommendations f
Kaplan University - CM225 - cm225
Transmittal Memo 1 Running head: TRANSMITTAL MEMOTransmittal Memo Jennifer Johnson Kaplan UniversityCM225-03 Susan Schmit September 15, 2010Transmittal Memo 2Jennifers AlarmsMemoTo: JohnMorley,supervisor,JennifersAlarms From: JenniferJohnson Re: Tel
Kaplan University - CM225 - cm225
TelecommunicationsJennifer Johnson CM 225-03 Professor Susan Schmit September 26, 2010What is Telecommuting?Telecommuting is working from a remote location using computers, telephones, fax machines, and other remote capabilities, rather than in a tradi
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalUnit2Assignment:TimeManagementName: JenniferJohnson Section:15Instructions:Downloadthisdocumentandsaveittoyourcomputerbeforestartingtheassignment.Save thedocumentasYourNameCS113Unit2Assignment(YourNamesh
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalUnit3LASSIInventoryProjectName: JenniferJohnson Section:15Instructions:Downloadthisdocumenttoyourcomputerbeforefillingitout.Allofthegrayboxesbelow shouldbeappropriatelyfilledinandthedocumentsavedagainbef
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalUnit4WritingName: JenniferJohnsonSection:15Instructions:Downloadthisdocumenttoyourcomputerbeforefillingitout.Allofthegrayboxesbelow shouldbeappropriatelyfilledinandthedocumentsavedagainbeforesubmittingto
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalUnit5TakingNotesonLASSIModulesName: JenniferJohnson Section:15Instructions:Downloadthisdocumenttoyourcomputerbeforefillingitout.Allofthegrayboxesbelow shouldbeappropriatelyfilledinandthedocumentsavedagai
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalUnit6CriticalThinking: ResearchandEvaluationofSourcesName: JenniferJohnson Section:15Instructions:Downloadthisdocumenttoyourcomputerbeforefillingitout.Allofthegrayboxesbelow shouldbeappropriatelyfilledin
Kaplan University - CS113 - CS113
- 1 -ReflectingReflecting Jennifer Johnson CS113As I reflect on this course and all of the concepts and topics that were covered the one that really stands out is the SMART goal concept. I believe that by using the SMART goal I will be a benefit to any
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalInterviewwithaProfessional(duewiththeFinalProject)Name:JenniferJohnsonSection:15Instructions:Downloadthisdocumenttoyourcomputerbeforefillingitout.Allofthegrayboxesbelow shouldbeappropriatelyfilledin;m
Kaplan University - CS113 - CS113
CS113AcademicStrategiesfortheBusinessProfessionalUnit9:CareerActionPlanName: JenniferJohnson Section:15Instructions:Downloadthisdocumenttoyourcomputerbeforefillingitout.Allofthegrayboxesbelow shouldbeappropriatelyfilledinandthedocumentsavedagainbefores
Kaplan University - MT140 - MT140
Syllabus Acknowledgement Contract I have read and have had explained to my satisfaction the contents of the syllabus.Your Name: Jennifer Johnson Todays Date: 12/2/09
Kaplan University - MT140 - MT140
By: Jennifer JohnsonI believe that Behavioral theory is the most important approach to management. I have tried most or worked with someone who used all of these styles. I have found that the Behavioral theory works the best. With this style of managemen
Kaplan University - MT140 - MT140
By Jennifer Johnson1. By creating a new middle management position between the CEO/CFO (upper management) and the location managers ( lower level management) this will help the business grow, by freeing up Jack to focuses on helping Jenny to make decisio
Kaplan University - MT140 - MT140
By: Jennifer Johnson When using the SWOT analysis I do not believe that Jack and Jenny should not commit to a large- scale expansion at this time. They would, however, be able to commit to a small business venture. Sandwich Blitz does have the financial r
Kaplan University - MT140 - MT140
By: Jennifer Johnson1. I believe Jack and Jenny have Legitimate power, Coercive power and Reward power. Legitimate because they have the authority and right, to tell the employees what to do. Coercive power because they have the right to punish the emplo
Kaplan University - MT140 - MT140
By: Jennifer Johnson Step 1: Setting performance standards. If I were Jenny, the first thing I would do is evaluate the current guide lines in place and determine what is not covered. Next I would cover the schedule swap and the other missing policies in
Kaplan University - MT140 - MT140
By: Jennifer JohnsonCurrently I would say that Jack and Jenny have a traditional environment at Sandwich Blitzs. Jack and Jenny would benefit if they transition to a team environment as this would lay the foundation for the store locations to have self-m
Kaplan University - MT140 - MT140
By: Jennifer Johnson 1. Ethical Responsibility - Jack and Jenny will need to do the right thing and advise the county of what occurred with the zoning inspector. They should also commend the unitmanager for doing the right thing as well and action on wha
Kaplan University - MT140 - MT140
By: Jennifer Johnson1. Clearly identify the problem that Jack and Jenny are faced with The problem that Jack and Jenny are facing is employees who are overwhelmed by the volume of customers. Because of this their quality of service and product has declin
Kaplan University - MT140 - MT140
By: Jennifer Johnson As I look back on this class and reflect one of the topics that I believe makes me a stronger candidate to enter the business world, is understanding about ethics and corporate responsibility. By having a clear understanding of corpor
Kaplan University - MT203 - MT203
Learn to Walk in the Customers Shoes 1 h: LEARNING TO WALK IN THE CUSTOMERS SHOESLearning to Walk in the Customers Shoes Jennifer Johnson Kaplan University MT203: Human Resources Management Carol Hannon March 21, 2010Learn to Walk in the Customers Shoes
Kaplan University - MT203 - MT203
Roles of an HR ManagerRoles of an HR Manager Jennifer Johnson Kaplan University MT203: Human Resources Management Carol Hannon March 3, 2010Roles of an HR Manager Human resource managers are involved in a number of roles in todays company environment. T
Kaplan University - MT203 - MT203
Human Resource Management1Personality Tests Jennifer Johnson Kaplan University MT203: Human Resources Management Carol Hannon March 11, 2010Human Resource Management After taking the personality assessment, I found out my MBTI letters are INTJ which st
Kaplan University - MT203 - MT203
The Union Drive at Apollo Corporation 1 h: THE UNION DRIVE AT APOLLO CORPORATIONThe Union Drive at Apollo Corporation Jennifer Johnson Kaplan University MT203: Human Resources Management Carol Hannon April 8, 2010The Union Drive at Apollo Corporation 2
Kaplan University - MT203 - MT203
Florida Company/Nike/Performance Sports1 h: FLORDIA COMPANY/NIKE/PERFORMANCE SPORTSFlorida Company Fasten Its Sights on Global Growth Nike: Hiring Gets Off on the Right Foot Pay Decisions at Performance Sports Jennifer Johnson Kaplan University MT203: Hu
Kaplan University - MT203 - MT203
1 ReflectionReflection Jennifer Johnson Kaplan University MT203: Human Resources Management Carol Hannon May 1, 20102 ReflectionAll my courses thus far have impacted my future in a positive way. This class helped me understand that human resource manag
Kaplan University - MT203 - MT203
Grade Details1.Question: Units begin on Wednesday at 12:00 am EST and end on the following Tuesday at 11:59 pm ET. Therefore, all assignments for the current Unit are due no later than the following Tuesday by 11:59 pm ET. Your Answer: CORRECTTrue Fals
Kaplan University - MT203 - MT203
Grade for Jennifer Johnson: Unit 5 Review Numeric grade: 42/50 Comments: (none) <Close WindowLetter grade:Autograde Summary Date Taken: 4/7/2010 11:52:21 AM Time Spent: 1:30:59 Points Received: 42 / 50 (84%) These are the automatically computed results