Introduction to Accounting (70-122): Midterm #1
Time Allowed: 50 minutes. A non-graphing calculator is allowed but not necessary. Please read the instructions for each
question carefully and write your answers as clearly as
Introduction to Accounting (70-122): Quiz #5
1) Under the perpetual inventory system, when a merchandiser returns goods purchased on account, the _
account is credited.
A) Accounts Receivable
B) Merchandise Inventory
C) Cost of Goods So
This is the core marketing course for the GSIA Undergraduate
Program and it also appeals to non-majors who have taken at least
one previous business course. The course aims to provide a
rigorous and comprehensive introduction
The Agency Conflict in General
Agent works for Principal but
Agent is a self-interested party
Agents goals may differ from principals
Agency problem exists for two reasons:
15.514 Summer 2003
PRINCIPLES OF ACCRUAL ACCOUNTING
1. Understand how accrual accounting differs from a cash basis
2. Develop a mental model for classifying types of accounting accruals
3. Understand how accruals affect the financial
15.514 Summer 2003
ELEMENTS OF AN ANNUAL REPORT AND FINANCIAL RATIOS
1. Become familiar with the main parts of an annual report: (a) CEO's letter, (b) description of business
activity, (c) management discussion and analysis, (d) aud
Class Preparation Questions
The case preparation questions for "Accounting for Frequent Fliers" can be found on page 3 of
the case. All questions should be prepped with the following modifications:
(a) Do not worry about calculating the
Please take a moment to fill out our brief customer questionnaire.
We value your opinion, and will use your feedback to improve our
service in the future!
1. How did you find out about Dr. Cushman and Smile Studio?
Hot Dog Heaven
Opened in June
Avoid direct competition
December 7, 2009
Following my hiring by Harry Rawlinson, I conducted a thorough analysis of the Aqualisa
Quartz marketing strategy, and discovered several reasons why product sales have been
disappointing. In order
15.514 Summer 2003
OVERVIEW AND INTRODUCTION - SETTING THE STAGE AND THE
1. Build a working relationship: What are our responsibilities?
2. Answer the following: What do accountants do and why is it important?
15.514 SUMMER 2003
MARKETABLE SECURITIES AND VALUATION ADJUSTMENTS
1. Understand when accounting departs from the transactions-based model and
towards market-driven valuations
2. Illustrate the role of judgment in applying the LCM
Solution to Mini-test 5
If the government builds one million new homes, it will have no effect on the market
demand curve. It will also not affect the marginal cost curve of private producers of new
homes, and therefore private producers will continue to
Solution to Mini-test 4
If wages rise by 10% and labor is the only variable cost of production, then total variable
costs must rise by 10% at every level of output. This in turn implies that marginal and
average variable costs rise by 10% at every level o
Introduction to Accounting (70-122): Quiz #7
1) Which of the following statements accurately describes the statement of cash flows?
A) It shows the relative proportion of debt and assets.
B) It shows the link between accrual based incom
Bethke and Bederra
Steven H. Bethke
Steven Bethke was born in 1962 (vaguely)
He attended Indiana University
He climbed the ranks in the Houston mobile
He became CEO of Buzz Tech. and stayed in
that position until 2005, when he joined
Waste Management, Inc.
Dean Buntrock, born in 1931, South Dakota
He formed the National Association for Waste
WM founded in 1968 by Wayne Huizenga,
Dean Buntrock and Larry Beck
Went public in 1971, and by 1972, had $82M
Solution to Mini-test 6
The price of new homes in the long run is determined by the long-run average cost of
producing new homes. Variations in the demand for new homes can contribute to shortrun but not long-run changes in price. Consequently, the only t
Question 1 (40 points - 8 points each)
For each event in (1) (5):
(a) Record the transactions (if necessary) using either the balance sheet equation or the journal
entry approach. Be specific about account names. Be sure to label each account as Asset
a) Receives $50,000 cash for orders which will be delivered during the next fiscal year.
The company acquires $30,000 of inventory on acount to fill these orders.
Cash (A) + Inv (A) =
AP + Adv from Cust. (L) + RE (E)
An E xercise for Pre paring the Statem ent of Cash F lows
Using the Direct and Indirect Methods
Transactions at 1/1/99:
(T1) Issues stock and receives $1,000 in cash.
(T2) Issues 10%, 2-year bond for $2,000 cash. Part of the principle ($1,000
CASE ANALYSIS - Discussion Questions
Pharmacia & Upjohn, Inc.
1. How would you characterize the various treatments for
balding ? Why do people use these treatments ?
2. How effective is Rogaine as a treatment for balding and for
3. How will the buy
Marketing 1 - 70-381 Fall 2010 - Sample Midterm Questions
Q1: a) Within the context of marketing and consumer behavior, define a need and a want and
provide an example of each.
b) If you were a brand manager for the iPhone, what consumer wants would you h
Research Participation Program
What is RPP?
Many of the theories you examine in class are
based on empirical studies of human behavior
Such research is conducted all the time here at CMU
The Research Participation Program gives you a
What role will crowd funding play in the future of small business? As banks continue to
reject loan applications, aspiring entrepreneurs are finding alternative means of funding
for their ventures. One of the most popular alternative forums of fundraising