chap006
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chap006

Course Number: ACCOUNTING BAD 1, Spring 2011

College/University: Santa Rosa

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Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash True / False Questions 1. "F.O.B. destination" means that title to the shipped goods passes to the buyer on the shipment date. FALSE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 1 2. Most companies record revenue when they ship goods to customers not when they are delivered to customers. TRUE AACSB Tag: Relative...

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006: Chapter Reporting and Interpreting Sales Revenue, Receivables, and Cash True / False Questions 1. "F.O.B. destination" means that title to the shipped goods passes to the buyer on the shipment date. FALSE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 1 2. Most companies record revenue when they ship goods to customers not when they are delivered to customers. TRUE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 1 3. Credit terms "2/10, n/30" mean that if payment is made in two days, a 10% discount will be given; if not paid within two days, the full invoice price will be due in thirty days. FALSE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 2 4. The sales returns and allowances account should be reported as a deduction from sales revenue because it is a contra-revenue account. TRUE AACSB Tag: Communications Difficulty: Medium L.O.: 2 6-1 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 5. Sales returns and allowances should be included as a selling expense. FALSE AACSB Tag: Communications Difficulty: Easy L.O.: 2 6. Many merchants accept credit cards for the sale of goods because it can increase the number of customers. TRUE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 2 7. A company is thinking of borrowing money at an 18% annual interest rate in order to pay a $30,000 invoice within the discount period. The invoice terms are 2/10, n/30. They should borrow the money because they will still have a net savings of 19.2%. TRUE AACSB Tag: Analytic Difficulty: Medium L.O.: 2 8. An entry to bad debts expense and the allowance for doubtful accounts is made to write off a customer's account during the year when it is determined to be uncollectable. FALSE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 6-2 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 9. When a particular account receivable is determined to be uncollectible, the entry to write off the account requires a debit to the allowance for doubtful accounts. TRUE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 10. The allowance for doubtful accounts normally has a debit balance after the year-end adjustment. FALSE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 4 11. An entry to write off an uncollectible account does not change the net realizable value (book value) of accounts receivable. TRUE AACSB Tag: Relative Thinking Difficulty: Hard L.O.: 4 12. Accounts Receivables turnover is computed as net credit sales divided by net trade accounts receivable at the end of the accounting period. FALSE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 5 6-3 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 13. When a company reports a higher accounts receivable turnover ratio, then the number of days it takes to collect the receivables has also increased. FALSE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 5 14. While preparing the statement of cash flows, the reason that we must adjust sales revenue for the change in accounts receivables to convert the figure to cash collected from customers is that accounts receivable represent sales revenue not collected from customers at the beginning and end of the accounting year. TRUE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 5 15. Effective internal control of cash should include the separation of the duties for receiving and disbursing cash. TRUE AACSB Tag: Ethics Difficulty: Medium L.O.: 6 16. If a check received from a customer that has been deposited by the seller is returned with the bank statement marked not sufficient funds (NSF), it would appear on the seller's bank reconciliation as a deduction from the ending bank statement balance. FALSE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 6-4 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 17. The primary purpose of preparing a bank reconciliation is to reconcile the bank balance at the end of the period with the company's book balance at the end of the period. TRUE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 6 18. When completing a bank reconciliation, bank service charges should be deducted from the company's cash balance. TRUE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 6 19. If a customer pays for merchandise using a credit card, the Sales Revenue recorded by the retailer will be more than the amount of Cash recorded. TRUE AACSB Tag: Relative Thinking Difficulty: Medium L.O.: Sup A 20. Under the completed-contract method of accounting for long-term construction projects, revenue is not recognized until the project is complete. TRUE AACSB Tag: Relative Thinking Difficulty: Easy L.O.: Sup B 6-5 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash Multiple Choice Questions 21. Which of the following statements is true? A. revenue is usually recorded when goods are shipped B. revenue is recorded when cash collection is made. C. revenue is usually recorded upon delivery to the customer. D. revenue is recorded either when the sale is made, collection occurs and/or delivery is made. It is the company's decision. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 1 22. A company that sells magazines and collects subscription fees prior to the publication and distribution of the magazine. As the cash is received in advance from the customers, the company should record a debit to Cash and a credit to A. Sales revenue. B. Prepaid expenses. C. Unearned revenue. D. Accounts payable. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 1 23. Most companies usually recognize revenue as earned and record the revenue when A. the customer's order is received B. the order is shipped C. the order is delivered D. the return period is over. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 1 6-6 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 24. When a company ships product to a customer with the terms FOB (free on board) destination, which of the following is true? A. The seller will pay the shipping charges and title will not be exchanged until goods are received by the customer. B. The buyer will pay the shipping charges and title is exchanged at point of shipment. C. The seller will pay the shipping and title is exchanged at point of shipment. D. The buyer will pay the shipping and title is exchanged when the goods are received by the customer. AACSB Tag: Relative Thinking Difficulty: Hard L.O.: 1 25. On the income statement, the amount of sales returns and allowances is normally A. added into selling expenses. B. subtracted from gross margin to determine net sales. C. added in the calculation of cost of goods sold. D. subtracted from gross sales to determine net sales. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 2 26. Which of the following statements is false? A. Sales returns and allowances is always treated as a contra-revenue. B. Sales returns and allowances, sales discounts and credit card discounts are always treated as selling expenses. C. Credit card discounts and sales discounts can be treated as contra-revenue accounts or as selling expenses. D. Sales discounts are used to encourage early payment by customers. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 2 6-7 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 27. Credit terms of 2/10, n/30 indicate that a A. two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month to of sale. B. two percent discount for early payment is available within ten days of the date of sale. C. ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice. D. two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 2 28. Miranda Corp. received an order from a customer on October 1. The toys were shipped on October 15. The customer sent a check for full payment on November 5. Miranda received the check on November 10 and deposited it in the bank account. Miranda should record sales revenue related to this series of transactions on A. October 1. B. October 15. C. November 5. D. November 10. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 2 29. A customer purchased $5,000 of goods on credit from Discount Paper Supply on September 1. The customer received the bill on September 13 and mailed a $5,000 check on September 30. Discount Paper Supply received the check on October 4. In recording this transaction, Discount Paper Supply should credit Sales Revenue for $5,000 on A. September 1. B. September 13. C. September 30. D. October 4. AACSB Tag: Analytic Difficulty: Easy L.O.: 2 6-8 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 30. When a credit sale is made with terms of 2/10, net 30 on May 10 and the customer's check is received on May 19, which of the following is true about the May 19 journal entry? A. The debit to cash will equal the credit to accounts receivable because the discount was recorded on May 10. B. There will be a debit to sales discounts on May 10. C. The debit to cash will be less than the credit to accounts receivable on May 19. D. There will be a credit to sales discounts on May 19. AACSB Tag: Analytic Difficulty: Medium L.O.: 2 31. When goods are sold to a customer with credit terms of 2/10, n/30, the customer will receive a A. 10% discount if they pay within 2 days. B. 2% discount if they pay 10% of the amount due within 30 days. C. 10% discount if they pay within 30 days. D. 2% discount if they pay within 10 days. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 2 32. A company had the following partial list of account balances at year-end: The amount of Net Sales shown on the income statement would be A. $91,900. B. $90,700. C. $89,900. D. $88,600. AACSB Tag: Analytic Difficulty: Medium L.O.: 2 6-9 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 33. A company purchased goods on credit with credit terms of 3/15, n/45. Although the company does not have cash available to pay within the discount period, the manager of the company is considering borrowing money to take advantage of the discount. In order to make the appropriate decision, the manager computed the annual interest rate associated with the sales discount. This annual rate is approximately A. 56%. B. 38%. C. 25%. D. 18%. AACSB Tag: Analytic Difficulty: Hard L.O.: 2 34. When credit terms for a sale are 2/15, n/40, the customer saves by paying the bill early. Approximately what percent would this savings amount to on an annual basis? A. 18%. B. 20%. C. 30%. D. 37%. AACSB Tag: Analytic Difficulty: Hard L.O.: 2 35. What is the annual interest rate of a sales discount of 3/10, n/60? A. 21.9% B. 22.6% C. 18.8% D. 14.6% AACSB Tag: Analytic Difficulty: Medium L.O.: 2 6-10 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 36. Which of the following accounts is not treated as a contra-revenue? A. Sales discounts B. Credit card discounts C. Sales returns and allowances D. Purchase discounts AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 2 37. By treating sales returns and allowances, sales discounts, and credit card discounts as contra-revenues, we have the following impact A. Gross margin is reduced by sales returns and allowances, sales discounts and credit card discounts B. Gross margin is increased by sales returns and allowances, sales discounts and credit card discounts C. Gross margin is unchanged by sales returns and allowances, sales discounts and credit card discounts D. Net income is increased by sales returns and allowances, sales discounts and credit card discounts AACSB Tag: Relative Thinking Difficulty: Hard L.O.: 2 38. In 2006, Deckers gross profit percentage was 46.4% while their competitor, Timberland's percentage was 47.3%. Which was the most likely reason for Timberland's higher percentage? A. Higher selling prices B. Lower product cost as a percentage of sales C. Ability to differentiate their product in consumers' eyes D. Lower cost of goods sold AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 3 6-11 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 39. Which of the following is the most likely cause of a decrease in a company's gross profit percentage? A. They discounted their prices. B. They reduced product cost as a percentage of sales. C. They reduced their operating costs. D. They sold fewer products. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 3 40. Which of the following is the most likely cause of an increase in gross profit percentage? A. selling products for higher prices B. selling products with lower margins C. higher product costs D. selling fewer products AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 3 41. In 2009, Worldwide Waffles reported net operating revenues of $18.2 billion and cost of goods sold for $10.8 billion. Their gross profit percentage for 2009 was A. 29.9% B. 40.7% C. 69.6% D. None of these AACSB Tag: Analytic Difficulty: Easy L.O.: 3 6-12 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 42. Dillon Company uses the allowance method to account for bad debts. The entry to writeoff a bad account (one that will never be collected) should be: A. B. C. D. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 4 43. When using the allowance method for accounting for bad debts, accounts receivable is reported on the balance sheet at the expected net realizable value. When a particular receivable from a customer ultimately is determined to be uncollectible and is written off, the recording of this event will A. decrease the net realizable value of the accounts receivable. B. have an effect that is not determinable from the information given. C. increase the net realizable value of the accounts receivable. D. have no effect on the net realizable value of the accounts receivable. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 44. Assuming the allowance method for bad debts is used, when a customer's uncollectible account is written off, a credit should be made to A. Bad debt expense. B. Allowance for doubtful accounts. C. Sales revenue. D. Accounts receivable. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 4 6-13 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 45. On January 31, 2009, Klein Company wrote off an uncollectible account of $5,000. The allowance method is used. The write-off would cause bad debt expense to A. decrease by $5,000. B. increase by $5,000. C. increase by $10,000. D. not change. AACSB Tag: Analytic Difficulty: Medium L.O.: 4 46. Accrual accounting requires that the loss resulting from the failure of credit customers to pay their bills should A. not be recorded until cash is collected from the customer in settlement of the account because that is the only sure event. B. be estimated in the period in which sales are made but should not be recorded until the customer defaults because of the matching principle. C. be estimated and recorded in the period in which sales are made so that expenses are matched with revenues. D. be recognized in the period in which the account receivable proves to be uncollectible because that is the only date when the loss will really be known. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 4 47. Which generally accepted accounting principle best supports the establishment of the account, allowance for doubtful accounts? A. Matching principle. B. Continuity principle. C. Exception principle. D. Revenue principle. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 4 6-14 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 48. When the allowance method is used, the entry which is appropriate when a particular account is written off as uncollectible should include a A. debit to accounts receivable. B. debit to bad debt expense. C. debit to allowance for doubtful accounts. D. debit to sales revenue. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 49. Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of the $21,500 just prior to writing off as worthless an account receivable for Hyland Company of $5,000. The net realizable value of accounts receivable as shown by the accounting record before and after the write-off was as follows: A. B. C. D. AACSB Tag: Analytic Difficulty: Medium L.O.: 4 6-15 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 50. Woodland Company uses the allowance method to account for bad debts. During 2009, a customer became bankrupt and a receivable of $10,000 was deemed uncollectible. The entry to record the uncollectible amount is: A. B. C. D. AACSB Tag: Analytic Difficulty: Medium L.O.: 4 51. At year end, Chief Company has a balance of $10,000 in accounts receivable of which $1,000 is more than 30 days overdue. Chief has a credit balance of $100 in the allowance for doubtful accounts before any year-end adjustments. Chief estimates its bad debts losses at 1% of current accounts and 10% of accounts over thirty days. What adjustment should Chief make to the allowance for doubtful accounts? A. $120 (credit). B. $100 (credit). C. $90 (credit). D. No adjustment as the current balance is correct. AACSB Tag: Analytic Difficulty: Hard L.O.: 4 6-16 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 52. Which of the following is not an accurate description of allowance for doubtful accounts? A. contra-account. B. balance sheet account. C. offset account. D. income statement account. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 4 53. LRP Company uses the allowance method to record its bad debt expense. When the account of a particular customer is deemed to be uncollectible and is written off, LRP will prepare a journal entry with a A. debit to bad debt expense. B. credit to bad debt expense. C. debit to accounts receivable. D. debit to allowance for doubtful accounts. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 54. If a customer pays her bill after her account has already been written off, the company receiving the payment should record the account reinstatement with A. a credit to bad debt expense. B. a credit to allowance for doubtful accounts. C. a credit to cash. D. a debit to bad debt expense. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 6-17 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 55. When using the allowance method of accounting for bad debts, bad debt expense should be recorded A. as an adjusting entry at the end of the accounting period. B. when a particular account is written off. C. whenever the allowance for doubtful accounts has a debit balance. D. whenever the allowance for doubtful accounts has a zero balance. Difficulty: Medium L.O.: 4 56. Bad debt expense should A. appear on the balance sheet as a contra-asset. B. appear on the income statement as part of selling expenses. C. appear on the income statement as a contra-revenue. D. not appear in the financial statements. AACSB Tag: Communications Difficulty: Easy L.O.: 4 57. Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works estimated that $5,000 of the current $98,000 of accounts receivable would be uncollectible. The allowance for doubtful accounts had a $400 debit balance at year-end prior to adjustment. The amount of bad debt expense that should appear in Rosco's income statement for the year is A. $5,000. B. $5,400. C. $4,600. D. $0. AACSB Tag: Analytic Difficulty: Medium L.O.: 4 6-18 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 58. Which of the following entries will affect both the balance sheet and the income statement? A. A debit to bad debts expense and a credit to the allowance for doubtful accounts B. A debit to the allowance for doubtful accounts and a credit to accounts receivable C. A debit to accounts receivable and a credit to the allowance for doubtful accounts D. None of the entries affects the balance sheet and income statement AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 4 59. In 2009, Deckers reported an accounts receivables turnover ratio of 6.8 and their competitor, Timberland's, reported a ratio of 8.4. Which of the following is false? A. Deckers needs to increase their ratio in order to improve collection time. B. Deckers needs to focus on improving their credit and collection process. C. Deckers has done a better job of collecting their accounts receivables than Timberland's. D. Deckers requires more time to collect accounts receivables than Timberland's. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 5 60. An increase in the accounts receivable turnover ratio will have what type of effect on cash? A. Cause an increase in cash flow from operations B. Cause a decrease in cash flow from operations C. Cause no change in cash flow from operations D. The effect on cash flow cannot be determined with the above information. AACSB Tag: Relative Thinking Difficulty: Hard L.O.: 5 6-19 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 61. If Worldwide Waffles accounts receivable balance was $1,973 million in 2009 and $1,814 million in 2008, the impact on the statement of cash flows would be A. An increase in cash flow from investing activities. B. A decrease in cash flow from operating activities. C. An increase in cash flow from operating activities. D. A decrease in cash flow from investing activities. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 5 62. Net income for Trex Outdoors in 2009 was $9,154 (in thousands). There was an addition to net income on the statement of cash flows for $2,106 (in thousands) for the change in accounts receivable. The accounts receivable balance on December 31, 2008 was $20,851 (in thousands). How much was the accounts receivable balance on December 31, 2009? A. $11,260 (in thousands) B. $18,745 (in thousands) C. $22,957 (in thousands) D. $20,851 (in thousands) AACSB Tag: Analytic Difficulty: Hard L.O.: 5 63. The Mickey Company reported revenue of $30,752 million for 2009. Their accounts receivable balance was $5,330 million in 2009 and $4,912 million in 2008. Cash collected from customers equals A. $25,013 million B. $28,926 million C. $30,334 million D. None of the answers is correct AACSB Tag: Analytic Difficulty: Medium L.O.: 5 6-20 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 64. For accounting purposes, cash includes A. notes receivable from employees. B. supplies. C. balances on deposit in banks. D. a note received from a customer in settlement of an overdue account receivable. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 6 65. When a depositor receives a bank statement indicating a "NSF check", he should A. credit the cash account for the amount of the check. B. record the amount as an expense of the current period. C. credit a special receivable for the amount of the check. D. debit sales revenue. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 66. A deposit in transit on a bank reconciliation should be A. added to the depositor's book cash balance. B. subtracted from the depositor's book cash balance. C. added to the bank statement balance. D. subtracted from the bank statement balance. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 6-21 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 67. Linetech Company's bank statement showed an ending balance of $8,000. Items appearing in the bank reconciliation included: outstanding checks, $500; deposits in transit, $1,000; bank service charges, $50; and Driver Company's check erroneously deducted from Linetech's bank account by the bank, $250. The correct cash balance at the end of the month should be reported as A. $10,600 B. $8,750 C. $8,500 D. $8,250 AACSB Tag: Analytic Difficulty: Hard L.O.: 6 68. Which of the following demonstrates a poor internal control procedure? A. The bookkeeper makes cash deposits and records journal entries related to cash, while the treasurer prepares the bank reconciliation. B. The president, who does no bookkeeping, prepares the bank reconciliation each month. C. The treasurer signs all checks after the bookkeeper prepares the supporting documents. D. One bookkeeper prepares cash deposits and the other bookkeeper enters the collections in the journal and ledger. AACSB Tag: AACSB Ethics Difficulty: Medium L.O.: 6 69. The cash records and the bank statement of Frankel Company showed the following at the end of February 2009: Outstanding checks at the end of January 2009, $8,000; checks written by Frankel Company during February 2009, $50,000; and checks cleared by the bank during February 2009, $54,000. Therefore, the outstanding checks at the end of February 2009, amounted to A. $2,000. B. $4,000. C. $6,000. D. $8,000. AACSB Tag: Analytic Difficulty: Hard L.O.: 6 6-22 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 70. The cash account and the December bank statement of Gomez Company showed the following: Deposits made by Gomez Company December during 2009, $90,000; deposits reflected on the December 2009 bank statement, $88,000; and deposits in transit on November 30, 2009, $5,000. Therefore, the deposits in transit at the end of December 2009 amounted to A. $10,000. B. $ 7,000. C. $ 5,000. D. $ 2,000. AACSB Tag: Analytic Difficulty: Hard L.O.: 6 71. To aid internal control, the individual authorized to sign checks should be the A. supervisor of receiving. B. accounts payable bookkeeper. C. treasurer. D. purchasing agent. AACSB Tag: Ethics Difficulty: Easy L.O.: 6 72. Effective control of cash requires that A. one person handle the receipts and disbursements of cash. B. cash be deposited monthly in a bank. C. there be approval of cash payments. D. a reconciliation of the bank balance with the cash balance be prepared twice a year. AACSB Tag: Ethics Difficulty: Medium L.O.: 6 6-23 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 73. When preparing the monthly bank reconciliation, the accountant for Fareway Corporation discovered that a check correctly written to one of Fareway's suppliers for $159 had been incorrectly recorded in the books as $195. To correct the error, the accountant prepared an adjusting entry which required a debit to A. Cash. B. Bad debt expense. C. Accounts receivable. D. Purchases. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 74. When preparing a bank reconciliation, which of the following would be deducted from the company's cash balance? A. Interest paid by bank. B. Deposits in transit. C. Outstanding checks. D. Bank service charges. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 6 75. Merchandise was sold on credit for $10,000, terms 2/10, n/30. The entry to record the cash collection should include a A. debit Cash, $10,000, and credit Accounts Receivable, $10,000, if collected within the discount period. B. debit Cash, $10,000, and credit Accounts Receivable, $9,800, and Sales Discount, $200, if collected within the discount period. C. debit Cash, $10,000, and credit Accounts Receivable, $9,800, and Sales Discount, $200, if collected after the discount period. D. debit Cash, $10,000, and credit Accounts Receivable, $10,000, if collected after the discount period. AACSB Tag: Analytic Difficulty: Hard L.O.: Sup A 6-24 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 76. A customer purchased a $2,000 item at ApplianceWorld, paying with a credit card (VISA). The merchant is charged a 2% fee by the credit card company. When recording this sale, the merchant would: A. debit accounts receivable for $2,000. B. credit sales revenue for $2,000. C. credit sales revenue for $1,800. D. credit unearned sales revenue for $2,000. AACSB Tag: Analytic Difficulty: Medium L.O.: Sup A 77. Under the installment method, revenue is recognized when the customer A. orders the merchandise. B. receives the merchandise. C. receives the bill. D. makes a cash payment. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: Sup B 78. Under the percentage-of-completion method, revenue is recognized A. when construction begins on the project. B. when the project is complete. C. throughout the project, based upon the amount of work completed each year. D. throughout the project, based upon the amount of cash received from the customer. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: Sup B 6-25 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 79. If a company uses the completed-contract method rather than the percentage-ofcompletion method, the total net income the company recognizes from the beginning of the project throughout its completion A. will be greater if the completed-contract method is used. B. will be greater if the percentage-of-completion method is used. C. will be the same for both methods. D. will be greater for the completed-contract method only if the project takes longer than five years to complete. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: Sup B Essay Questions 80. The following data were taken from the records of Cerro Gordo, Incorporated, at December 31, 2009: Requirements: A. Prepare a complete single-step income statement for the company (including pretax income and earnings per share). B. Prepare a complete multiple-step income statement for the company (including gross margin, pretax income, and earnings per share). 6-26 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash AACSB Tag: Analytic Difficulty: Hard L.O.: 2 6-27 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 81. The following data were taken from the records of Lilo Corporation on December 31, 2010: Items not included in above amounts: Estimated bad debt loss, 1% of credit sales. Average income tax rate, 35%. Number of shares of common stock outstanding, 10,000 Requirements: A. Based on the above data, prepare a multiple-step income statement (including gross margin, pretax income, and earnings per share). B. 1. How much was the gross margin? 2. What was the gross margin ratio? 3. Explain what these two amounts mean. 6-28 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash B. 1. $940,000 $610,000 = $330,000 2. $330,000/$940,000 = 35.1% 3. Gross margin in dollars is the amount of markup earned on the good sold during 2010. This is the amount "left" to cover operating expenses and income tax expense with any remainder accruing to the owners. Gross margin ratio is the average percent (rate) markup earned during 2010. Here, 35.1 cents of each sales dollar is left to cover operating expenses and income tax expense with the remainder accruing to the owners. AACSB Tag: Analytic Difficulty: Hard L.O.: 2 6-29 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 82. A portion of the income statement for Oscar Company is shown below. Provide the missing account titles and amounts. A. Sales revenue B. $350,000 $348,000 = $2,000 C. Net sales D. Cost of goods sold; $348,000 $90,000 = $258,000 AACSB Tag: Analytic Difficulty: Medium L.O.: 2 83. A portion of the income statement for Lone Star Company is shown below. Provide the missing account titles and amounts. A. Sales revenue B. $380,000 $20,000 = $360,000 C. Gross margin D. $360,000 $100,000 = $260,000 AACSB Tag: Analytic Difficulty: Medium L.O.: 2 6-30 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 84. Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of each account by entering either Dr or Cr. 1. Cr; 2. Dr; 3. Dr; 4. Cr; 5. Dr; 6. Dr; 7. Cr; 8. Dr AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 2 85. Anthony Inc. reported the following amounts on their 2009 and 2008 income statements: A. Compute the gross profit percentage for both years. B. Provide at least two potential causes for the change in Anthony's gross profit percentage. A. 2009 = 61.1% ($12,495/$20,438) 2008 = 59.7% ($12,169/$20,367) B. Anthony may have higher sales prices, lower costs of producing their product, a change in the sales mix of their products toward selling more of the higher margin products, lower inventory losses, and lower storage costs. AACSB Tag: Analytic Difficulty: Medium L.O.: 3 6-31 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 86. PhotoFly has reported the following information on their income statements for the years 2008 through 2012: A. Compute the gross profit percentage for each year. B. Has the gross profit ratio for PhotoFly improved over time or worsened? Explain your Register to View Answer2012 = 31.0% ($3,517/$11,332) 2011 = 29.9% ($3,541/$11,862) 2010 = 26.7% ($2,979/$11,170) 2009 = 30.2% ($3,328/$11,038) 2008 = 30.6% ($3,040/$9,932). B. The gross profit margin was eroding from 2008 through 2010 but then it recovered from the low of 26.7% in 2010 to its highest level in 2012 of 31.0%. AACSB Tag: Analytic Difficulty: Medium L.O.: 3 87. Hickory Corporation recorded sales revenue during the year of $350,000 of which $100,000 was on credit. The company has experienced an average loss rate of 2% of credit sales. Give the adjusting journal entry at the end of the year to record bad debt expense. AACSB Tag: Analytic Difficulty: Medium L.O.: 4 6-32 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 88. Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Cash collections on accounts receivable during 2010 amounted to $450,000. Sales revenue during 2010 amounted to $800,000, of which 75% was on credit, and it was estimated that 2% of the credit sales made in 2010 would ultimately become uncollectible. Before adjusting entries were made for 2010, (A) a $10,000 account was determined to be uncollectible and written off by Stivers and (B) bad debt expense was recorded to 2010. These adjustments are not reflected in the account balances above. After the above entries were posted to the ledger, calculate the balances of the allowance for doubtful accounts, bad debt expense and accounts receivable. Indicate whether the balance is a debit or a credit. Allowance for doubtful accounts $3,000 credit ($1,000 + $12,000 $10,000) Bad debt expense $12,000 debit [($800,000 75%) 2%)] Accounts receivable $340,000 debit [$200,000 $450,000 + ($800,000 75%) $10,000] AACSB Tag: Analytic Difficulty: Hard L.O.: 4 6-33 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 89. On December 31, 2009, Colonial Corporation had the following account balances related to credit sales and receivables prior to recording adjusting entries: Required: Present the necessary year-end adjusting entry related to uncollectible accounts for each of the following independent assumptions: A. An aging of accounts receivable is completed. It is estimated that $2,150 of the receivables outstanding at year-end will be uncollectible. B. It is estimated that 1% of credit sales for the year will prove to be uncollectible. C. Assume the same information presented in (1. above except that prior to adjustment, the Allowance for Doubtful Accounts had a debit balance of $200 rather than a credit balance of $200. A. B. C. AACSB Tag: Analytic Difficulty: Medium L.O.: 4 6-34 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 90. American Company uses the allowance method to account for uncollectible accounts. On January 1, The Allowance for Doubtful Accounts had a credit balance of $3,000. The balance in the Accounts Receivable account on that date was $75,000. On January 2, prior to any credit sales, a $500 account from National Company was deemed to be uncollectible and written off. Required: A. Compute the net realizable value of American's receivables on January 1. B. Present the journal entry American would record on January 2 related to the write-off of National's account. C. Compute the net realizable value of American's receivables on January 2, immediately following the write-off of National's account. A. $75,000 B. $3,000 = $72,000. C. $72,000 = ($75,000 $500) ($3,000 $500) AACSB Tag: Analytic Difficulty: Medium L.O.: 4 6-35 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 91. Cyclone Inc. reported the following figures from their financial statements for the years 2009 through 2011: Calculate the gross profit ratio for all three years: 2011 = 78.1% ($560,421/$717,422) 2010 = 86.5% ($960,434/$1,110,178) 2009 = 84.3% ($498,605/$591,786) AACSB Tag: Analytic Difficulty: Easy L.O.: 3 92. Cyclone Inc. reported the following figures from their financial statements for the years 2009 through 2011: Calculate how the change in accounts receivable will effect the statement of cash flows for 2011 and 2010: 2011 = $21,913 increase in cash [$90,561 $68,648] 2010 = ($34,107) decrease in cash [$56,454 $90,561] AACSB Tag: Analytic Difficulty: Medium L.O.: 5 6-36 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 93. Cyclone Inc. reported the following figures from their financial statements for the years 2009 through 2011: Calculate the accounts receivable turnover for 2011 and 2010: 2011 = 9.01 ($717,422/$79,604.5) 2010 = 15.1 ($1,110,178/$73,507.5) AACSB Tag: Analytic Difficulty: Medium L.O.: 5 94. Cyclone Inc. reported the following figures from their financial statements for the years 2009 through 2011: Calculate the days' sales in receivables for 2011 and 2010: 2011 = 40.5 days, (365/9.01) 2010 = 24.2 days (365/15.1) AACSB Tag: Analytic Difficulty: Medium L.O.: 5 6-37 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 95. A recent annual report for Pap's Pop contained the following data: A. Calculate the accounts receivable turnover ratio and average days' sales in receivables for 2011. B. Explain the meaning of each number. A. Accounts receivable turnover ratio = 9.6 ($18,158/$1,893.5) Average days' sales in receivables = 38 days (365 days/9.6). B. The turnover ratio indicates the number of times on average that the receivables are collected while the days sales in receivables shows the length of time in days it takes the company to collect its receivables from the credit customers. The higher the turnover ratio, the fewer days it takes to collect our receivables, thereby increasing liquidity of the receivables. AACSB Tag: Analytic Difficulty: Medium L.O.: 5 6-38 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 96. During 2009, Charles Inc. recorded credit sales of $2,000,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. At the beginning of the year, the balance in accounts receivable, net was $150,000. At the end of the year, but before the bad debt expense adjustment was recorded and before any bad debts had been written off, the balance in accounts receivable, net was $125,000. A. Assume that on December 31, 2009, the appropriate bad debt expense adjustment was recorded for the year 2009 and accounts receivable totaling $10,000 were written off for the year, what was the receivables turnover ratio for the year? B. Assume that on December 31, 2009, the appropriate bad debt expense adjustment was recorded for the year 2009 and accounts receivable totaling $12,000 were written off for the year, what was the receivables turnover ratio for the year? C. Explain why the answers to parts 1 and 2 differ or do not differ. A. 15.69 ($2,000,000/ [$150,000 + $105,000]/2) B. 15.69 (same calculation) C. The ratio stayed the same because only the adjusting entry affects the balance of accounts receivable, net while the actual write off of customer accounts simply offset the asset against the contra-asset account so that net receivables do not change. AACSB Tag: Analytic Difficulty: Hard L.O.: 5 6-39 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 97. Where, if at all, do items A through G (listed below) belong in the following bank reconciliation? Items: A. Checks written during June that had not cleared the bank by June 30. B. Bank service charges for June which were not known until the June 30th bank statement arrived. C. Deposit made on June 30 that did not reach the bank until July 1. D. Upon reviewing the company's cash receipts book after June 30, it was discovered the accounting clerk had neglected to post one receipt to the cash account. E. The bank statement reported a "NSF check" during June. F. The bank incorrectly deducted the check of another company to the bank account during June. G. The company was paid interest on its account by the bank. (1.) C, F; (2.) A; (3.) D, G; (4.) B, E. AACSB Tag: Relative Thinking Difficulty: Hard L.O.: 6 98. Why is the reconciliation of a company's cash account to the bank statement so important for effective internal control for cash? The reconciliation of the cash account is very important in determining the correct, up-to-date balance for cash to be presented on the company's balance sheet. It is also a good tool for detecting errors in the cash account. AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 6-40 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 99. Illinois Company prepared the following bank reconciliation at May 31: Give all of the journal entries for Illinois Company required by the May 31 bank reconciliation. AACSB Tag: Analytic Difficulty: Medium L.O.: 6 6-41 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 100. Chicago Company has hired you to reconcile its bank statement and cash account. For June, the Cash account showed the following: The June bank statement, just received, showed the following: There were neither outstanding checks nor deposits in transit at May 31. A. Prepare the bank reconciliation. B. Prepare the adjusting journal entries needed due to the bank reconciliation. C. What is the June 30 ending cash balance? 6-42 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash AACSB Tag: Analytic Difficulty: Medium L.O.: 6 6-43 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 101. A comparison of the balance in Cottonwood Company's cash account (per its books) as of April 30, 2009, and the bank statement dated April 30, 2009, revealed the following information: Required: Prepare a bank reconciliation using the format below. Indicate the proper handling of each of the items given above by listing the appropriate item code (letter) and amount under each section of the reconciliation statement form below. Then determine the correct cash balance. Note: If one or more of the items given above should not appear on the reconciliation statement, do not include the item(s). 6-44 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash AACSB Tag: Analytic Difficulty: Medium L.O.: 6 6-45 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 102. Burke Company has just received its June 30 bank statement from Urban Bank. The bank statement and the cash account, summarized below, are to be reconciled for the month of June. Required: A. Prepare a bank reconciliation. B. Give the journal entries that should be made in the accounts of Burke Company as a result of the above bank reconciliation. 6-46 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash AACSB Tag: Analytic Difficulty: Medium L.O.: 6 6-47 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 103. Kerr Company received the following October 31, 2009 bank statement: The cash account reflected the following for October: The September 30 bank reconciliation showed deposits in transit, $3,000, and outstanding checks, $500. Required: A. What was the amount of the deposits in transit at October 31? B. What was the amount of outstanding checks at October 31? C. Prepare a bank reconciliation for October. Use the following format: D. Give the journal entries that should be made by Kerr Company based on the bank reconciliation. 6-48 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash A. [$38,000 (40,000 B. [$38,600 ($38,300 3,000)] = $1,000 500)] = $800 C. D. Entries AACSB Tag: Analytic Difficulty: Hard L.O.: 6 104. What are "cash equivalents"? Specifically where would they appear on the financial statements? Cash equivalents are short-term investments that can be readily converted into cash and whose value is unlikely to change. They normally have maturities of three months or less. They usually appear with cash on the balance sheet as the first listed current asset. AACSB Tag: Relative Thinking Difficulty: Easy L.O.: 6 6-49 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 105. You are the new manager of West Coast Company. The company distributes goods throughout the Rocky Mountain area. Customers are billed after the shipments are sent. Most customers pay within two weeks. You notice that one employee is responsible for opening all incoming payments, recording them in the accounting records, and depositing all receipts in the bank daily. When asked why this one person performed all of these duties, you were told that it was more efficient for one person to handle cash and to keep track of things. If any cash was missing, responsibility could be easily determined. Do you agree with this arrangement? If you were to make changes, what would you do, and why? Note: Answers may vary. This is definitely not a good system. One person should not be responsible for the receipt of cash, accounting for cash, and depositing in the bank. The duties of handling cash and accounting for cash should definitely be separated. This person could be stealing from the firm; since he/she is the only one handling the receipt of cash, the theft could easily be concealed. For example, when a customer pays cash on account, the employee could debit sales returns and allowances instead of the cash account. To prevent such an occurrence, different employees should have the responsibility of receiving cash, accounting for cash, and depositing cash in the bank on a daily basis. AACSB Tag: Ethics Difficulty: Medium L.O.: 6 6-50 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 106. Asia Company sold $10,000 of goods to Euro Company on credit on May 1. At the time of the sale, Asia recorded a debit to Accounts Receivable and a credit to Sales Revenue for $10,000. Terms were 2/10, n/30. Required: Present the entries Asia Company would record for each of the following independent situations: A. Euro paid the balance due, less the discount, on May 10. B. Euro returned half of the goods for credit on May 4. Euro paid the balance due, less the discount, on May 10. C. Euro paid their bill on May 30 (there were no returns). AACSB Tag: Analytic Difficulty: Hard L.O.: Sup A 6-51 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 107. On July 10, 2010, Rex Company sold merchandise at an invoice price of $5,000 with terms of 2/10, n/30. Give the journal entries required below by indicating the account code of the appropriate account for each debit and credit and the amounts involved. AACSB Tag: Analytic Difficulty: Medium L.O.: Sup B 6-52 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 108. On June 1, 2010, Concorde Company sold merchandise on credit at an invoice price of $1,000; terms 2/10, n/30. Give the journal entries to record the following: A. To record the sale. B. Assumption A: To record collection on June 28, 2010. C. Assumption B: To record collection on June 9, 2010. AACSB Tag: Analytic Difficulty: Medium L.O.: Sup B 6-53 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 109. Thomas' Toy World sells a variety of toys at discount prices. The following transactions occurred on May 16. Consider credit card discount a selling expense. A. Sold a bike for $250 cash. B. Sold a $900 swing set; customer will be billed at the end of the month. C. Customer returned a $45 doll that had been purchased for cash on May 12; gave customer a cash refund. D. Sold a pair of $100 roller blades; customer paid with a credit card. The credit card company charges Thomas' Toy World a 2% fee for this service. Required: a. Present journal entries for each of the above transactions. b. Compute the net sales for the day. a. b. Net sales = Sales Revenue Sales R&A $1203 = $1,250 $45 $2 Credit Card Discounts AACSB Tag: Analytic Difficulty: Medium L.O.: 2 and Sup B 6-54 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash Matching Questions 110. This question relates to accounting for cash. For each item listed, indicate the best description. 1. Cash reported on the balance sheet 2. Outstanding checks Checks written but not yet cashed by the bank 2 None of the answers apply Deposits made but not yet reflected on the bank 3. NSF check statement A check received from a customer, then deposited in the bank and later returned as a "bounced" check or "bad" 4. Cash equivalents check due to lack of funds in the customer's account The "true" amount for the company and the bank as reflected on the bank reconciliation (assuming no 5. Deposits in transit undeposited cash) AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 6-55 4 5 3 1 Chapter 006: Reporting and Interpreting Sales Revenue, Receivables, and Cash 111. Indicate the effect on a monthly bank reconciliation of each of the items listed below. 1. A deposit in transit 2. Interest paid by the bank 3. The monthly service fee charged by the bank 4. A company recorded a check as a credit to its cash account in the books. The check was recorded for $360 but it was actually written to a supplier for $630. Assume the bank correctly recorded this check for $630 when cleared 5. An outstanding check 6. A customer's check returned by the bank marked NSF AACSB Tag: Relative Thinking Difficulty: Medium L.O.: 6 6-56 Deduction from the balance in the company's Cash account 3 Deduction from the balance in the company's Cash account 6 Addition to the balance on the bank statement 1 Addition to the balance in the company's Cash account 2 Deduction from the balance on the bank statement 5 Deduction from the balance in the company's Cash account 4

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Brigham Young University, Hawaii - ECON - 380
OutlineNotation of the derivativeDierentiability and continuityLecture 4 - DierentiationAMA140/150 CalculusBasic rules of dierentiationDerivative of inverse functionLogarithmic function and exponential functionDierentiation of parametric function
Carleton CA - ECON1000 - 1000
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UMass (Amherst) - COMM - 118
Dialogue:Person 1: Are those goldfish?Person 2: Yes, they are. Would you like some?Person 1: Yes please! I am so hungryPerson 2: Help yourself, last time I ate the whole bag by myself and got sick.Person 3: O, then could I have some as well?Person 2
UMass (Amherst) - COMM - 118
Review for FinalCommunication 118Fall, 20101. The ancient foundations of communication inquiry.a. The Sophistic movement and its beginning in Syracuse. The role of Corax.Taught that there is not truth. Dont believe in truth or what is most likely rig
UMass (Amherst) - COMM - 118
Communication-began in politics-you need to talk for yourself to be considered a full citizen going o court, you have a lawyer-who has the right to speak-it is unconstitutional to limit the amount the amount of money a business and organizations cang
UMass (Amherst) - COMM - 118
September 15, 2010C118: the sophistic movementGeneral characteristicsThe word sophist means wise man. However, the movement split between those only concernedwith how to be successful and admired and those concerned with how to explore issues and make
UMass (Amherst) - COMM - 118
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UMass (Amherst) - EDUC - 192A
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Perceptions about teachers in film Uncaring/just putting in the day Overly idealistic Fall back career Transformative educatorsProgressive education the black situation Trust, taking risks, persistence, patienceiq & genetics 50%In dead poets socie
UMass (Amherst) - EDUC - 192A
Spellbound1. Unfortunately it is not equal for all of the vignettes to compete in the competition. Some,like Neil, have money and have bought computer programs and have special tutors tohelp him. Others such as Angela had to learn the words, when her f
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EDUC192A: Education at the MoviesSpring 2010Reading prompts: No written response is needed. The following questions are to help guide andfocus your reading.Week 12 Contemporary School Psychologist: Agent of ChangeArticle 1: Szasz, Classics in the His
Indiana - HIST-H - 213
A Huge Management Problem: burying the dead Debates about where to put all the deado High churchmen tried to prevent use of the church crypts and burialgroundso Other desperate attempts had predictable reasons for failureo Debates about huge funeral
Indiana - HIST-H - 213
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Indiana - HIST-H - 213
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Indiana - HIST-H - 213
H213 notes, 4 October 2011Cultural Changes after the Black Death; Italian Renaissance, part 1A. Dress codes and the Black Death Preliminary documents: Odd that dress and fashion would be blamed for the Black Deathor its return in the 1360s: Fashion r
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Public Health and Medicine after the Black DeathH213 notes 6 October 2011Overview: three topics/sections todayPlaybill Novel approaches to epidemic controlso Quarantineo Trade and travel bans (early 1400s) [surveillance]o Special hospitals: isolati
Indiana - HIST-H - 213
An Era of Many Cultural and Religious RevolutionsH213 notes, 11 October 2011Todays topics Print revolution in Europe, and some connections to our plague story Columbus and the new disease of the French pox Catholic religious reform before Luther Int
Indiana - HIST-H - 213
Plague and the Protestant ReformationH213 notes, 13 October 2011OverviewMartin Luther, brief biography and how plague impacted his life storyBrief summary of Luther's theology and his views of a Christian's responsibilitiesduring plagues (letter of 1
Indiana - HIST-H - 213
H213 notes, 18 October 2011Catholic Reform era and plagueOverview: Catholic reforms before and after the Protestant Reformationo Emphasis for this class on hospitals and on the Catholic communitysobligation to care for the sick Plague control in man
Indiana - HIST-H - 213
H213 notes, 20 October 2011Plague Art and Pest House RealitiesSynthesis of images and experiences in recurrent plagues, 1550-1650Overview Plague Art, 1550-1650 Carry-over from last class: the experiences of plague isolation/confinement during the155
Indiana - HIST-H - 213
Heading into the Plague AbyssMedicine and survival during the Great Plague of LondonOverview The Abyss Samuel Pepys: who did stay in London in 1665o John Evelyn: who spent little time in London proper, but kept close watchof the news in his parish a
Indiana - HIST-H - 213
How cholera changed what governments did to control epidemicso Epidemics caused social unrest: could threaten those in powero Government must be involved in the protection of citizens health, but best controlsare linked to transmission, not to cause
Indiana - HIST-H - 213
Contagionist Management Picture: French-invented garb (holding something that identifies you as someonewith plague(white hankerchief), torch) Maritime quarantineo Maritime pesthouse at Toulon French treatises on the design of plague doctors attiresin
Indiana - HIST-H - 213
Cures and other aspects of the business of plague: the medical marketplace Treating Plagueo No approach offered any advantage in treating plagueo All possible causes remained possible (celestial events, miasms,contagions, Gods wrath)o Thus educated i
Indiana - HIST-H - 213
History of The Black Plague ReviewImages:Typical Catholic plague arto Ratso People covering their noseso People carrying in the backgroundVirgin Mary & Holy GhostPlague Saintso St Rocho St SebastianHindrick Terbruggheno 1692The candlelight mas
Indiana - HIST-H - 213
Larger Historical Contexts Reformation unleashed violent religious wars: religion for the sake of politicso Many people were forced to abandon Catholicism; many others had tobecome Protestant Thomas Platter, as example of the omnipresence of plague th
Indiana - HIST-H - 213
The Great Plague of London was followed by the Great Fire of London Fire control before the plague: shows us a kind of approach to crisis management (thussome similarities to plague control here)o focus on local, parish levelo responsibility on indivi
Indiana - HIST-H - 213
H213 notes, 25 October 2011The Great Plague of LondonOverview Review timeline and the way Protestants thought about plague The larger picture: historical background of the Great Plague of London (1665) John Graunt & the Bills of Mortality General as
Indiana - HIST-H - 213
Overview of topics The plague of Constantinople, 542 ceo recurrent plagues, 540-760 ce population collapse: the Middle Ages begin Recovery in Europe first gradual, then dramatic; peaks around 1300 ceo the first full world By 1300 many signs of strai
Indiana - HIST-H - 213
Plague Biology The bacillus responsible for human bubonic plague todayo Yersinia pestis (=Y. pestis)o Can vary in virulenceo Is a bacterium (or bacillus), NOT a viruso Antibiotics can cure it Transmitted to humans with the assistance ofo Xenopsylla
Indiana - HIST-H - 213
Plague for Protestantso Salvation depended on the individuals faith Less emphasis on civic institutions (such as health departments); instead,individual churches No collective activities, like processions or devotion to saintso Evidence of Gods plan
Indiana - HIST-H - 213
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Indiana - HIST-H - 213
Catholic objectives in responding to Luther Control heretical ideaso Inquisitions: develop surveillance stance toward problems Spanish inquisition Papal inquisition A permanent Holy Office to detect and repress heresyo Approve the content of religio
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Plague exploded in southern Asian port cities, 1890s Ocean travel now much faster, with large oceanic vessels. Other continents were quicklyinfected We do a little map work Hong Kong: spread to island from Canton (now Guangzhou). Canton was a city of
Indiana - HIST-H - 213
H213 notes, 8 November 2011Plague of Marseilles (1720)The Last Great Plague in EuropeOverview of todays material Prologue: Plague from 1666-1719, along the boundary zones between Christianand non-Christian landso Vienna plague, 1679, has global hist
Indiana - HIST-H - 213
H213 notes 10 November 2011New medical and public health ideas in 18th century EuropePlague was Distinctive No other recurrent epidemic in European history carried the very high mortalitylevels that plague did Most other recurring acute epidemics aff
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H213 notes, 15 November 2011The Origins of International Control of Epidemic DiseasesHow plague matteredOverview The Austria-Hungary Empires great cordon sanitaireo Plague seen as a disease of Ottoman Eurasia and North Africao Creation of the Transy
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H213 Notes, 17 November 2011Plague in the Modern worldOverviewIN WESTERN EUROPE Review of European events to 1850 Between 1850 and 1890: European scientific breakthroughs included the germ theoryof diseaseIN EAST ASIA In the 1800s, plague spread f
Kennesaw - MEBU - 3100
Kennesaw StateEnrollment InstructionsCongratulations and welcome to CelebrityAccess the premier source ofinformation to the live entertainment industry!To begin using CelebrityAccess, please follow the enrollment instructions below.1. Ensure that you
Kennesaw - MEBU - 3100
Kennesaw StateUsing the CelebrityAccess WebsiteDaily PasswordOnce you have enrolled, each early morning you will receive a Daily Password fromCelebrityAccess. Along with your User Name and Personal Password, the Daily Password willallow you access to
Kennesaw - MEBU - 3100
Doug CurlingManaging DirectorNew Kent Capital/NewKent ConsultingSo lets talk about. Business Plans Presenting & Selling Ideas How Do I Get Started ? Knowing What To Do& When Choosing Partners Managing Frustrations The Music Business Today & Tom
Kennesaw - MEBU - 3100
2011PlayProMediaPlayProMediaSimulationProjectSimulationProjectJoelAKatzMusic&EntertainmentJoelAKatzMusic&EntertainmentBusinessProgramBusinessProgramKennesawStateUniversityKennesawStateUniversityThefollowingisadetailedoverviewofthePlayProMediaT
Kennesaw - MEBU - 3100
M U S I C VOLBUSINESSHANDBOOK22M U S I C VOLBUSINESSHANDBOOKPAGE TOPIC23A ttention Music Managers and Ar tists: You May BeO wed BILLIONS in Unpaid Royalties b y D ave Kusek8Living in the Past Beats Dying in the Presentb y E ric Beall12S p
Kennesaw - MEBU - 3100
Third Day Company OperationsAlbum Royalties$PublicityBusinessManagementPublishing CompanyPublishing Deal/AdminIndependent PlacementPublishing$Tour CrewBookingDesignsProductionARTISTProductionManagementProRecordingManagementVendingMe
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Stars&CelebritiesChapter16StarTaxonomyE HerospectaculareventE Starpersonalpersona,professionalprofile(sports,movies)E CelebrityTVandmediahypeE Quasar,accidentalcelebrityrealityTVStardomE PhenomenonofproductionandconsumptionE StudiosystemE Prod
Kennesaw - MKTG - 3800
EntertainmentMarketingIndustryIntroductionTheStartofEntertainmentThetalkies?AfterWWII?WhenTVwasinvented?Shakespeare?ThecoliseuminRome?PlatoorSocrates?Inthecaves11/17/11FreeTemplatefromwww.brainybetty.com2HistoryofModernEntertainment 19051
Kennesaw - MKTG - 3800
TheInsandOutsofEntertainmentMarketingPeople,power,brandingandplacementReview HowisEMdifferent? Whatarethe4Cs?TheMessage Noproductionlinesorlinearprogress Consistentmessagefromeachintellectualproperty(IP)tiedtoproduct Publicstaste Marketingofe
Kennesaw - MKTG - 3800
The World of RadioPresented by:Jennifer Lyn RossAgendaIntroductionTypical Radio Station LayoutKey Radio TermsSelling RadioMeasuring RadioCompetitionQ&A2Introduction3About MeBeen in media for 17+ years Classical Radio & Cable Network Rep Fi
Kennesaw - MKTG - 3800
Publishings Dirty SecretsBy Jana OliverLiterary AgentsTypically take 15% of authors earningsNo licensure required to become anagentCan either be a blessing or a nightmareAAR : Association of Author RepresentativesWhat An Agent DoesGuides the auth
Kennesaw - MKTG - 3800
Kennesaw - MKTG - 3800
The Next Big Thingby Jana OliverE-Book PricingCourtesy of EvilGeniusChronicles.comThe New ParadigmAmanda Hockings nine self-published ebooks brought in somewhere around $2million.Those e-books were priced between $.99 and$2.99which earned her a 7
Kennesaw - MKTG - 3800
TheatreRaisethecurtains!Theater Whatexactlydoesthewordmean? Theatreortheateristhebranchoftheperformingartsconcernedwithactingoutstoriesinfrontofanaudienceusingcombinationsofspeech,gesture,mime,puppets,music,dance,soundandspectacleRenaissance The
Cal Poly - AERO - 310
Aero 310 - LectureMay 4, 2011World War TwoEnd of WW1, Pre WW2- 29 million died- The war to end all wars- Winners: United States and JapanNeither country had gene pool tornSurged in military improvement- The Treaty of VersaillesEnded WW1Allies w
Cal Poly - AERO - 310
Aero 310 - LectureMay 9, 2011World War Two- During WW2, there was a high recognition of airplanes with the public- England had spotter corpsReported on all airplanesAround country with wheel to get altitude, distance, plane to call andgive command
Cal Poly - AERO - 310
Aero 310 - LectureMay 11, 2011World War TwoTuskegee Airmen- During WW2 America tried an experiment with an all black unit/squadron, set upspecial school called Tuskegee Airmen- Located in Tuskegee, Alabama- Trained 1,000- Number one requested grou
Cal Poly - AERO - 310
Aero 310 - LectureMay 16, 2011World War TwoBefore Pearl Harbor:Chennalut- Command of Flying Tigers- Flew Curtis P-40- Went around to air force/naval bases asking to talk to best pilots privately- Forming a special unit in China of civilians to fig
Cal Poly - AERO - 310
Aero 310 - LectureMay 23, 2011Boeing 707- Huge success- Brought America in Jet Age- Code Name: -80Boeing 247- First modern airlinerBoeing Comet- Failed because metal fatigue around windowsPressurize- Plane expanded and contracted, windows would
Cal Poly - AERO - 310
Aero 310 - LectureJune 1, 2011Runways have numbers- Magnetic direction rounded to the nearest tenth- Helps pilot to get oriented- Control towersInstrument Pilot- Special procedures- Fly particular heading, radio, mapFlight Plan- Advantage: telli
Santa Fe College - POS - 2041
5/26/2010BicameralismCongressisbicameral.Whydowewanttohaveabicamerallegislature?CongressionalElectionsSenateOnethirdelectedeverytwoyearstosixyearterms(appointedbystatelegislaturesuntil17thAmendment1917)HouseofRepresentativesEntireHouseelectedev