1. Explain (briefly) the distinction between a cost, profit and investment center in a business, and provide an
2. Explain why a company uses static and flexible budgets.
3. Complete the following chart.
Compute variances for the items
Section 3: Culture and Society
National Geographics Taboo-Delicacies
1. Describe the delicacies that Icelandic peopl
Understanding the Annual Report Activity Sheet
Part 1 - Using the companys website:
1. Where is the company headquarters located?
2. Who are the CEO and CFO?
3. What are the top brands?
4. What are the company ticker (stock) symbol and current stock
SOC101: Introductory Sociology-Exam #1 Review Guide
This Exam 1 review guide was written to help organize your studying. It outlines the
material we have covered so far; however it is not an exhaustive list of what will be on
You should review y
ACCT 110 Chapter 3 In-Class Practice Activity
Danas Dresses (DD) experienced the following events in 2014 and uses the perpetual inventory method. For
each event, show if and how cash, the balance sheet (A=L+E) and the income statement (R-E=NI) ar
Classify each of the following costs for Harrison Company as a selling or general and administrative period cost or as a direct or
indirect product cost by entering the dollar amount(s) in the appropriate column(s):
A. Paid $75,000 in wages for emp
On January 1, 2010, Dragon Company paid cash to purchase an automobile. The car dealer gave Dragon a
$1,000 cash discount off the $19,000 list price. However, Dragon paid an additional $2,000 to equip the
car with a more luxurious interior so it w
JC Pet Supplies sells lots of items for your pets needs. They have been in business for five years and are
continuing to generate sales (and profit!) from selling their best product dog collars.
Use the following data to calculate both the ENDING INVENTOR
(Spring Quarter 2017)
MUSC 105, Section 001:
MW: 5:30-6:50pm (Room 2032, MacAlister Hall)
Dr. Wesley J. Broadnax: Director of Bands (conductor)
Room 2023D MacAlister Hall
Office Hours: Tuesdays & Thursdays from 2:00-
Cash Basis (Usually not GAAP): Recognize revenue when cash is collected, recognize
expense when cash is paid
Accrual Basis- (GAAP): Revenue recognized when realized (realization concept),
Expenses recognized when incurred (matching concept)
The question mark exists in a new, rapidly growing industry but has only a small market share, according
to the BCG Matrix.
Management by objectives, single-use plans, and standing plans are all management planning approaches.
All managers have to pay attention to costs and according to research, the best way to improve
organizational effectiveness is by severe cost cutting.
The right of free consent, the right to privacy, and the right of freedom of con
Chapter 9 Long term Liabilities
Bond = Debt instruments/borrowing
Installment loans = Mortgages, Car loans.
-Stated rate/face rate = printed on the bond
-Market rate = rate of similar risk
Cash paid for = face amount x stated rate per period
Add:purchases goods available for sale
Income from operation