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"AC 505 Case Study 2 Week 3 (Completed)"
"1. Question: (TCO A) Listed below are several information, characteristics, and accounting principles and assumptions. Match the letter of each with the appropriate phrase that states its application. StudentAnswer: :Historical cost 1:Earnings principle p"
"Thecorrectanswerforeachquestionisindicatedbya . 1CORRECT H.D.HudsonManufacturingCompanyproducesaproductthatsellsfor$120.Aselling commissionof10%ofthesellingpriceispaidoneachunitsold.Variablemanufacturingcostsare $60perunit.Fixedmanufacturingcostsare$20per"
"[Company Name] Balance Sheet As of December 31, 20XX Assets Current assets Cash AccountReceivable Allowancefordoubtfulaccounts Netaccountsreceivable Inventories Securities(availableforsale)atfairMarketvalue NotesReceivable(duenextyear) PrepaidExpenses Tot"
"GENERAL rules for the Statement of Cash Flows (Indirect Method) Cash provided by op. activities: Net Income (from Income Statement) + Depreciation, amortization, and/or depletion (From Income Statement) + Decrease in CURRENT Asset accounts other than cash"
"Future value interest factor of $1 per period at i% for n periods, FVIF(i,n). Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 50 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184"
"1. Question: (TCO D) Electronics4U manufactures high-end whole home electronic systems. The company provides a 1-year warranty for all products sold. The company estimates that the warranty cost is $200 per unit sold, and it reported a liability for estim"
"1. Question: (TCO G) The problem of inability to add new data without violating the basic integrity of the database is referred to as the StudentAnswer: an update anomaly. insert anomaly. integrity anomaly. add anomaly. InstructorExplanation: PointsReceiv"
"1. Question: (TCO C) Intangible assets are reported on the balance sheet StudentAnswer: with an accumulated depreciation account. in the property, plant, and equipment section. separately from other assets. None of the above InstructorExplanation: PointsR"
"Homework (Week 2) E13-1 Balance Sheet Classification of Various Liabilities How would each of the following items be reported on the balance sheet? (a) Accrued vacation pay Current liability (b) Estimated taxes payable. Current liability (c) Service warra"
"1. Question: (TCO C) The cost of an intangible asset includes all of the following except StudentAnswer: purchase price. legal fees. other incidental expenses. All of these are included. InstructorExplanation: 2. Question: Chapter 12 (TCO C) When a patent"
"Include your last name in the filename when you save your work! PROJECT #1 -THE COMPLETE ACCOUNTING CYCLE end of week 3 MAKE SURE TO COMPLETE ALL 10 REQUIREMENTS WHICH ARE LISTED UNDER THREE SEPERATE TABS. The forth tab includes scoring guidelines that yo"
"1. Question: Whichofthefollowingbondswouldhavethegreatestpercentage increaseinvalueifallinterestratesfellby1%? StudentAnswer: 10year,zerocoupon bond 20year,10%coupon bond 20year,5%coupon bond 1year,10%coupon bond 20year,zerocoupon bond 2. Question: Which"
"Selected answer is "D" Inputs Base-Case Equipment cost Salvage value, equipment, Year 4 Opportunity cost Externalities (cannibalization) Project WACC Tax rate Working capital as % of next year's sales $65,000 $0 $0 $0 10.00% 35.00% 0.00% Part 2. Cash Flow"
"1. Inform the President of any new internal control requirements if the company decides to go public. (7 points) Instituting a system of internal checks and balances would be foremost in my recommendations to the company president since most internal cont"
"1.(TCO A, B, C) Which type of corporate information is not available to investors? (Points:3) dividend history forecast of cash needs for the upcoming year cash provided by investing activities beginning cash balance 2.(TCO C) Borrowing money is an exampl"
"As a member of a development team, youve been asked to develop and test the new AIS. Discuss the eight basic steps required in the implementation phase of the SDLC in the proper order they should occur. (Points : 30) The eight-step method to develop and t"
"During its first month of operation, the Parkview Landscaping Corporation, which specializes in residential landscaping, completed the following transactions: July 1 Began business by making a deposit in a company bank account of $24,000, in exchange for "