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Acct 2037 Exam 1: Fall 2014 (till) points: 75 minutes)
Name [Mqu Mme? llllll'lhllw LOU i
Student ID# i B S
steps in decision making
1. recognizing the need for a decision (defining the problem)
2. identifying alternative solutions
3. evaluating the alternative solutions
4. making the decision (choosing the best alternative)
Relevant costs and relevant revenues
Acct 2037 Exam 1: Spring2AI3 (100 points; 75 minutes)
"l strive to uphold the University values of respect, responsibility, discovery, and excellence. On my honor, I pledge that I have neither given nor received unauthorized assistance on thi
Acct 2037 Exam 2: Spring 2012 (100 points; 75 minutes)
1. You should use the template on the back of this page to show your answers to the
true/false and multiple choice questions. Future and pre
Chapter 15 Quiz
1. What is your TAs name?
a) Paul Rothermich
b) Michael Baldetti
c) Ash Patel
d) Patti Hemmat
e) Tanner Stitzer
f) Kaleb Doyle
2. If a summary of labor tickets for ABC Company shows that $18,000 is for direct
labor on specif
Freline Corporation had the following transactions during the current year:
(1) Issued 1,000 shares of its $10 par common stock for $18 per share
(2) Incurred income taxes at a rate of 40% on its $25,000 pretax income
(3) Declared and paid dividends of $5
For Year Ended December 31, 2001
Cost of goods sold
Pretax income from continuing operations
Income tax expense from continuin
(* uses income from cont. ops instead of Net Income)
Profit Margin = Net Income / Sales (net)
Return on Equity = Net Income / Avg Equity
Return on Assets = Net Income + Interest Exp.
issues 10,000 shares of $1 par common
stock for $10 per share.
10,000 shares issued and outstanding
buys back 2,000 shares for $12 per share.
10,000 shares issued
-2,000 shares reacquired (now in treasury)
During 2001, the Linx Company entered into the following cash transactions:
Purchased 400 shares of Fox Corporation stock as a short-term investment for $6,000.
Issued long-term bonds payable for $12,000.
Chapter 16 Lab Exercise
The Williams Manufacturing Company incurred $105,000 of direct labor costs in
its welding shop during the month of October. This cost is a result of 15,000 direct
labor hours worked to produce 10,000 units of product. The di