AC202TRAMMELL

AC202TRAMMELL - Park 0 .5 053 University Proctored...

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Unformatted text preview: Park 0 .5 053 University Proctored Examination Cover Sheet Student: Trammell, Barbie Course: AC202DLDUIT2011 pr'meipié's'orghééotmuag1t Instructor: Leiand, Dana _ Instructor’s Phone: 210-844—0565 Ins'tructorifax: 3210f2§?¢6184 Instructor’s E—mail: Dana.Leland@park.edu Number of pages of exam: 7 Time Allowed for Exam: 2 hours 0 minutes Answer Sheet Included: Yes Special Instructions: Notes and Books: a Books allowed: No 0 Notes allowed: No - Calculators Allowed: Yes Computer Usage: Please note that these are options for the students as not all proctoring sites have computers. a Can computers be used for word processing? No 0 Can Computers be used to take final in the Online Classroom? No —MM—__—_fimw—____—mu._w.—————-m~m—-———Hmm-— STUDENTS are NOT atlowed to bring in their own electronic devices, including laptopsl and CANNOT access the WEB during the finat exam. AlsoI all cell phones must be turned off. 7. Other Special Instructions: Proctor: Please note that exams must be taken during week 8 of the term. All exams typed in a Word Processor must be returned to the instructor in Microsoft Word 97-2003 format or in a rich text format. Ail exams must be returned to the INSTRUCTOR according to the above instructions as soon as possibie after the exam is completed. Ali copies of the exams should be kept until .. received by the instructor. They will notify you when they have received the exam. At that time ALL exams must be destroyed. Proctors should NOT keep a file of exams or ailow students to retain a copy of the exam! Return Instructions: Finals will be either FAXED or EMAILED back to the instructor. (Note: Exams may not be returned via US Mail). I. I viewed a photo identification of the student before the exam was given (may b a valid driver‘s license, military id, or passport). Yes No / 4. The student was _/ was not 4 allowed to use a 2. The student was I was not ailowed to use their computer for the exam. book for the exam. - / 5. I was in tie room with the student during the entire exam. 3. The student was 1' was not allowed to use their Yes No notes for the exam. I verify that all of the above statements are accurate to the best of my knowledge. Signed (Please type in your mu if returning via emai , your typed name serves as your electronic signature) 3350:93me63? fiw bit flTZLth/Lfi U Answer Sheet for Multipie Choice Problem #1 ( 10 Points). On August 1, 2007, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each February I and August 1. The bonds sold at $632,000. The company uses the straight—line method of amortizing bond premiums. The company's year-end is December 31. Prepare the general journal entry to record the interest accrued at December 31, 2007. leewaawxawwtuwaséuaagfimwmafifiooo e Eeagxxa rm 9: :: 92o #4 a me i210 W‘W‘l’l‘é {fiaoafihgcsa ppptft QbCfia [591-7 \{ Mamie/leg -::; l}, .gr ja~lmegt épfl’iipfilfl ‘26 (3023} \t / l 2:: ES """ h; 8636;} 9&3! fimajwmfifimwpi Pmmwm en Evmts QLqCE,.E?le, :iji/LJtC/ffffiif" QlUifip PCS... Probiem #2( 15 Points). Based on the following income statement and balance sheet for Rashid Corporation, determine the cash flows from operating activities using the indirect method. Rashitl Corporation income Statement For Year Ended December 31, 2807 éSale-s ........................................................... .. 499!" ' 191-};"I’§§wif"f";ii"ifii,_’ffiflff pgpregiétior: @312§!?$g,., thHejrwoperatingfflexoenseu _. or g eagle ovflenqaiggnent ........................ i s iiiééififiifiefiaf?Erase? ineome tax aspen ' Rashid Commotion Balance Sheets At December 31 2007 ' 20136 . $MEEES§D wwf'fiifiéfii " "mm, MWWWW ............. “216501 _ ' 'W'i'ifirEthijii. . " Etiiiififiéfiif mfiemimuléfed' pr "Totalyassetsi:1.: ..... ...... 7 . ,. . r .7 _. M Aetefiiiffiajiabie..; '“Inédifiéwtafiiééfiéfiébie .. "’"?B¥éit"i‘i'§tfiitié§f§. Godhead étée'ki: .... “Etantrihuted‘éafiitai iiieacess ot‘fifiéi: veil—ti'é'j. uuuuuuuuuuuuuuuuuu W V ""Tfifiiafiiéiimééifiifiéii “Trivia: " °@:i¥5§?ffiiés aligffifiithfl ,,,,,,,,, H SWLIQBi 9w “Wit-m. Mr? M Raf; E4; CC; V" Pfiwmfl EM §Jiztxiawmk at}? Chain F {B Yfiefimfi/ [kcflwiflfl/ )2 (Q WWW C(21ng (Ham: Ram tug/«rmfi Czaf’ivé Has ‘ WMM,WMWMWXW.WQW _ mww N635 ELI-WE? ; w x. m _ "g magic; MQM:~E:S "it: VECfiWCLé {at war? mag}, W? : [RC/Véflffi m A'Cfimt/dg {kcaimuigiafl .» W M M fiamw (*QQIGQQw ismimo} :Cfir’kCrV’Zfiézfiff fv’t iaQéidUVLy‘ w M a. A a» (“SiéEOL’fioh-fispfiém Ema/Vega Eva 91616.0 HUS" _, , AAAAAA _‘ (9923;ng 42:23,‘~mo‘3 K K beavégw; Em L Wimfiflt’ “fig 94.? Li abég, W W {553) ‘Dézip re.c.,§r:3:f‘“?av& .m a p Hgfim €4,ng 'R‘bm a? aim-mp wxawf ,5 m (“12.69) W (56:: N “@7613 Q’zg‘xx h ~- m K m N. W. "m m WM £52756“; Problem #3 ( 15 Points). RC Corp. uses a job order cost accounting system. During the month of April, the following events occurred: (a) Purchased raw materials on credit, $32,000. (b) Raw materials requisitioned: $25,800 as direct materials and $10,500 indirect materials. (c) Paid factory payroll for the month totaling $37,700 which includes $8,200 indirect labor. (d) Assigned the factory payroll tojobs and overhead. Make the necessary journal entries to record the above transactions and events. (0) ilhbfl Nhiaiv 152% {mi-EH1 BQFGMJ} Mgr/afifi durable, .. .. ('6’) gaffi/EB 7m 0% case “invader/e; leg‘fij‘; W ‘I " eeam ibvir w/rirmmgl A i 3 Ed‘ch HQ: w-«VWS fixugfictlfivw CC) 951% mil ' cw W . .. ‘mfi l..w I _ a ., mg (i) Qatari?» Ev, graceffit-Wclwbl “ " ' " " " ' figrig . ” Effie/V's - - - - - - r ' ' a? Pmb'em (he; mil .. éldflfifi’ In preparing a budget for the last three months of the current year, Urban Company is planning the units of merchandise it must order each month. The company‘s policy is to haVe 15% of the next month's sales in its inventory at the end of each month. Projected sales for October, November, and December are 27,000 units, 29,500 units, and 32,500 units, respectively. How many units must be ordered in November? a are gem 3mm mew {9% $8317} LLVLE‘l‘fi w p (03% Ntfi‘déirflfivw'r , . a . s .- (a a r m an, 0/50 .9161 , rm (39,,8’630 rt ngarsitafi fickle) sir— LZE-rmfiingé inseam/sf gawk; 1m fiflmwi .2. @L-wl‘Cgfi-lcipli QM $6,313,535? 3‘" gflgqgi}mmgfi W3SW&%QJ Problem #5 ( 20 Points). The following information describes production activities of the Central Corp: .i.f§§i§3§§§fi§i§§§é$53}: ' V 7 . ,. VWmE?i?!iifillié;Eh???:55:§§§l§§::1:: 30,000 units were completed during the year 6:} Budgeted standards for each unit produced: , 466“ 1/2 lb. of raw material at $4.15 per lb. 10 minutes of direct labor at $12.50 per hour Compute the direct materials price and quantity and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. :3 {tag ,r 4:1?) x gt) I {3m} l f b GO ctr! Ffldofié‘fia / m7 l my (fire. \6 coo :2». mm} X Lite ES 7,; 131451550 \fflmmg _ _ , , we i' NLCQ {185,133 r‘ngiz: , , "I; t, QM: 0m W a ,r Dwarf La. 12*” . . 539,77; 1 ‘ n I m ._ .tS'L‘ g: _ “a (sagas/5!st satscbx ‘5. ES , Diver? Labov E'- litaoieaacg ‘iciriQMCL 03C v (i Winn!) x gidiakdflvcfl HQLWS 3. “gamma x {Cu [Q30 S): gatdi/x Lie/{i 1C} mtwwigg it?) is Q ham” .. ’ . .... ., .‘ Ivablfl :2 (5505* pod-v) x 322w 553??!(2 so a ...
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This note was uploaded on 08/10/2011 for the course AC 202 taught by Professor Nancyeverett during the Spring '09 term at Park.

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AC202TRAMMELL - Park 0 .5 053 University Proctored...

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