Riegel Company uses the lower-of-cost-or-market method, on an Individual-item basis, in pricing its inventory items. The inventory at December 31, 2011, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below. Ite
1. If $10,000 would be deposited in the bank today, assuming there is a 9% interest rate that is
compounded annually what will be the balance of that account in 5 years? *table 6-1
Principle 10,000 X 1.53862% = $15,386.20
2. A company needs $100,0
Chapter 2: Conceptual Framework for Financial
Reporting (Questions 8,11,13,14,15,20,27,30)
What is the distinction between comparability and consistency?
Information that is measured and reported in similar manner for different companies
Chapter 5 Balance Statement and Cashflows
Balance Sheet (Statement of Financial position)
o Reports assets, liabilities, and equity at a specific date
o Provides information about resources, obligations to credits, and equity in net resources
o Helps in p
Chapter 1: Financial Accounting and Accounting
Standards (Questions 1,2,4,10,11,14,15,20,21,22,25)
The differentiation between financial & managerial accounting.
Financial accounting is related to identification, measurement, and communication of
Chapter 4 Income Statement and Related Information
o Evaluate past performance
o Predicting future performance
o Help assess the risk or uncertainty of achieving future cash flows
o Companies omit items that cannot
Midterm Review Chapter 1-6 (Supplemental Material not included)
What is financial accounting?
What is the expectation GAAP?
Advantages/Disadvantages of Balance Sheet and the Income Statement
What is financial flexibility, liquidity, & solvency?
CHAPTER THREE - THE ACCOUNTING INFORMATION SYSTEM
THE ACCOUNTING CYCLE
1) Identify and measure the entitys economic transactions- 2 types of economic
external events relates to the interaction between the entity and its
outside environment. Buying
Dr. Steven A. Solieri, CPA-SP2017
LINEAR PROGRAMMING (LP):
Helps make decisions about how to allocate resources to meet organizational objectives (usually to minimize
cost or maximize profits). The reoccurring them in LP is to find the BEST MIX of activit
QUEENS COLLEGE of the CITY UNIVERSITY of NEW YORK
DEPARTMENT of ACCOUNTING and INFORMATION SYSTEMS
ACCOUNTING 306 QUANTITATIVE TECHNIQUES in PLANNING and CONTROL
COURSE OUTLINE and SYLLABUS
SPRING SEMESTER 2017, CODES 7396 SECTION 04
(Subject to Revision
2014 YE Consolidated Statement of Cash Flows
Cash Flows - Operating Activities:
Net Income (Loss)
Earnings (Loss) From Discontinued Operations, Net of Tax
Earnings (Loss) From Continuing Operations, Net of Tax
Adjustments to reconcile earni
2014 YE Consolidated Balance Sheet
Cash & Cash Equivalents
Deferred Income Taxes
Prepaid Expenses and Other Current Assets
Current Assets of Discontinued Operations
Total Current Assets
Introduction to Management Science: A Modeling and Case Studies Approach with Spreadsheets, Fifth Edition
CD S Ch 21
SUPPLEMENT TO CHAPTER 2
MORE ABOUT THE GRAPHICAL METHOD FOR
Section 2.4 introduced the graphical method for solving two
Regression Example Page 1 of 2
Stat TYElC Teach yourself statistics J ._. Search
AP Statistics Stat Tables Stat Tools Calculators
Overview AP statistics Statistics and probability Matrix algebra
1 Veggie That Kills High Blood Pressure 9%" H513 S
File Name: Chapter6-VariableCosting.XLS
Weber Light Aircraft
For the Months January, February & March
Variable Manufacturing Over
Lab 1-Intro to the Scientific Method
Purpose: The purpose of this lab is to help demonstrate how the scientific method is used to help form a
hypothesis, gather information to test that hypothesis or theory, and draw conclusions base
Two or more items are omitted in each of the following tabulations of income statement data.
Fill in the amounts that are missing.
1. Accounting for interest bearing notes receivables 359-364 (pv techinques)
2110 coupon notes receivable
2. Sale of receivables.
ABC Company lent 16,529 on 1/1/2014 to D Company
and receive 20,000 2yrs interest bearing note with
Fernandez Corporation purchased a truck at the beginning of 2014 for $50,000.
The truck is estimated to have a salvage value of $2,000 and estimated total activity of 160,000 miles.
The truck was driven 23,000 miles in 2014 and 31,000 miles in 2015
Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2014:
Allowance for Doubtful Accounts
Equity Investments (trading)
The first month of Petit Company's detailed inventory records indicated the following:
On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000.
At the time of purchase, Aumont's balance sheet showed assets of $620,000, liabilities of $200,000 and owners' equity of $
The fair value of Aumont
(1)Suppose that on January 1, 2013, the entity received a 10,000, 10% note that; will mature on December 31, 2015.
The market rate of interest on 1/1/2013 is 10%.
The borrower will repay the note on 12/31/2015 and make periodic interest payments at the en
Clyde does have more discretion and flexibility in the recording of his bartering
exchanges than he would have if he paid it in cash. If the fair value of goods or services
received in a share-based payment transaction with nonemployees is more reliably