DECISION TREE - ROLLBACK METHOD
The decision tree rollback algorithm starts at the terminal nodes of the tree and works
backward to the initial decision node, determining the certain equivalent rollback values for
Rollback values are determined
Chapter 6 Study Guide
8. What is meant by segregation of duties? Give an illustration.
Internal control feature of assigning the functions of authorization, recording, and
custody to different individualsOne or more employee can act on the check of
Exclude 433 435, 437, 442-443, 444 445
1. accelerated depreciation method - depreciation method that recognizes more
depreciation expense in the early stages of an asset's life than the straightline method and less later in the asset's life.
CHAPTER 4 REVIEW SENSITIVITY ANALYSIS 10/14/16
Sensitivity analysis helps answer questions about how sensitive the optimal solution is to changes in
various coefficients in a model.
1. Objective Cell (Min/Max) - cell , name, org. value, fina
2. What is the difference between a product cost and a selling and administrative cost?
Product costs are costs associated with goods for resale, usually inventory costs. Selling
and administrative expenses, called period costs, are costs that are not dir
Exclude: 550 557; 561 563
1. Amortization - Systematic repayment of principal and interest over the life of
a. Repaying a portion of the principal with regular payments that also
2. Bond certificates - Debt security us
ACCRUAL BEFORE CASH IS EXCHANGED
1. Recognize = Report
2. Realized = Collected
3. Deferred expenses = prepaid items
4. Asset exchange (SAME SIDE) transaction one asset increases other
decreases i.e. cash for land; total assets not affected
o Within assets
5. In an inflationary period, which inventory cost flow method will produce the
highest net income? Explain.
In an inflationary period, i.e., a period where prices are consistently rising, FIFO will
produce the highest amount of income. This is
Exclude: pg. 485 486; 489 496; 501 - 507
1. Classified balance sheets - balance sheet that distinguishes between current
and noncurrent items
a. Current liabilities and long term liabilities(notes payable) are on the
liabilities and stockholders
1. What is the difference between accounts receivable and notes receivable?
Accounts receivable are expected future cash receipts arising from permitting
customers to buy now and pay later
Notes receivable are evidence rights to receive cash in the future
Chapter 15-Secure Transactions, Creditors Rights, and Bankruptcy
Secure way of buying things on credit
If buyer breaches contract, seller can sue for breach of contract.
But, when theres Judgement proof, hes got no money.
COB 204 Exam 2: Study Guide
Chapter 4-Telecommunicating and Networking
What is a Computer Network?
1. Enable organizations to become more flexible.
2. Allow companies to share hardware, computer applications, and data
COB 204 Test 1 Study Guide
Chapter 1- Intro to Information Systems
Why Should I Study Information Systems?
Information technology (IT): any computer based tool that people use to work
with information and to support the information and information-proc
COB 218 Test 2: Study Guide
Chapter 5- Powers and Functions of Administrative Agencies
administrative law: The body of law created by administrative agencies (not legislature) in
order to carry out their duties and responsibilities.
Making the Tough Team Call Case Analysis
Continental AG is facing some major challenges with a team in their International
Management Program (IMP). The three members were in complete disagreement about
practically every component of the pro
Zara Case Study
1. How would you describe Zaras business level strategy: low cost leadership or
differentiation? Why? What are the key elements of Zaras strategy that have led to
superior financial performance?
According to Mastering Strategic Management,
Exam 1 Formulas
Stockholders equity = Paid-in capital + Retained earnings
Stockholders equity = Total assets Total liabilities
Net working capital = Current assets Current liabilities
Net operating working capital = (Current assets Excess cash) (Current l
Finance 300b Test 1 Study Guide
Ch. 1 + 2: An overview of financial management
Finance: is about the allocation of funds between those with more funds than they
need and those who need the funds.
Finance is concerned with decisions about money (time and
Going concern assumption: companies expect to pay their obligations in full. Accounts
payable reported at face value. Also report liabilities known and unknown.
Contingent liabilities: liabilities that are uncertain, amount due are unknown
Issuer: party t
Current/short-term assets: Relatively quick, with a single account period. Inventory, office
Long-term operational assets: Use for extended periods of time, 2 or more accounting
periods. Equipments, buildings, machinery, filing cabinet, office e
Installment notes: paying principal and interest at regular intervals, range from 2-5 years.
Liability, interest gets smaller, principal portion gets larger.
On january 1, 2016, Blaire Company borrowed 100,000 cash from national bank, Blair
issued the ban
COB 241 Chapter 7
Allowance for doubtful accounts: companys estimate of what they arent getting back.
Estimated. Sometimes based on percentage of revenue.
Net realizable value: represents the amount companys think they will actually collect, face
Chapter 5. Discrete and continuous data: Discrete data: whole numbers (or integers), most of the time cannot be fractions/decimals. Counted, not measured. Continuous data: can take on any real
number including fractional values. Measured, not counted. Hei
Chapter 8. Point Estimate: Simplest estimate of a population, best describes the population of interest. Most common types: sample mean and sample proportion. The sample mean is a point estimate of
the unknown population mean. Advantages: Easy to calculat
Statistics: the mathematical science that deals with the collection, analysis, and presentation of data, which can then be used as a basis for inference and induction. Ex: marketing research, advertising, operations, finance and
Statistics: the mathematical science that deals with the collection, analysis, and presentation of data, which
can then be used as a basis for inference and induction. Ex: marketing research, advertising, operations, finance
MARS: Motivation, ability, role perceptions, and situational factors. Shows behavior and
performance: if one part is low then poor
Motivation: represents the forces within a person that affect his or her direction, intensity and
persistence of voluntary b
COB 202: Chp. 1
Organizational Behavior: the study of what people think, feel, and do in and around
organizations. It looks at employee behavior, decisions, perceptions, and emotional responses.
Makes a difference to ones career success. Building a high p
LEARNING OBJECTIVES >
7.1 Ethical Issues
7.1 Define ethics, list and describe the three fundamental tenets of ethics,
and describe the four categories of ethical issues related to information
1) Using Porter's 5 forces, why is purchasing Cabela's a good idea from a company
point of view?
Because both of them sell guns and ammunition, which is follow the supplier power.
The fewer the supplier choices you have, and the more you need suppliers' h