Problem 1 (Ref: Q. 12.3, p451 of textbook):
A large bakery buys flour in 25 kg bags. The bakery uses an average of 4,860
bags a year. Preparing an order and receiving the shipment of flour bags
involves a cost of $10 per order. Annual holding cost is $5 p
Problem 1 (Ref: Q. 3-2, p103 of textbook):
A can opener manufacturer has had monthly sales for a seven-month period as
follows:
a) Plot the data
b) Forecast Septembers sales volume using each of the following:
1) A linear trend equation
2) A four month mo
Problem 1 (Ref: Q. 13-6, p 498-499):
A company produces a variety of sofas. The manager wants to prepare
an aggregate production plan for the next six months using the
following information:
There are 5 workers, each making 30 sofas a month. The maximum
n
Problem 1 (Ref: Q. 10-3, p352):
Process time at a workstation is monitored using sample mean and range
control charts. Six samples of n = 10 observations have been obtained and the
sample means and ranges computed (in minutes):
a) Using the factors in Tab
Problem 1 (Ref: Q. 18-2, p702 of textbook):
A vending machine dispenses hot chocolate or coffee. Service duration
is 30 seconds per cup and is constant. Customers arrive at a mean rate
of 80 per hour (assume Poisson). Also assume that each customer buys
o
Problem 1 (Ref: Q.2, p.400 of textbook):
a) Determine which delivery alternative would be the most economical
for 80 boxes of parts. Each box costs $200 and annual holding cost is
30 percent of cost. Freight costs are:
Alternative
Freight cost (for all 80
CONCORDIA UNIVERSITY
DEPARTMENT OF ACCOUNTANCY
FINANCIAL ACCOUNTING
COMM 217 ALL SECTIONS
Suggested Solution
Midterm Examination (Regular)
Winter 2013
Question 1
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
C
C
D
C
D
D
C
D
A
D
D
D
A
C
C
D
Questi
Concordia University
Department of Accountancy
Financial Accounting
COMM 217 All Sections
Suggested Solution
Mid-term Examination
Winter 2012
Question 1 (18 marks)
Multiple-choice (1.5 marks per correct answer)
1. c
2. b Change in Equity = ($150,000 $104,
CONCORDIA UNIVERSITY
DEPARTMENT OF ACCOUNTANCY
FINANCIAL ACCOUNTING
COMM 217 ALL SECTIONS
MIDTERM EXAMINATION (REGULAR)
WINTER 2013
Name: _
ID: _
Duration: 3 hours
Instructions (very important):
1. This examination paper consists of 8 pages including this
1
CONCORDIA UNIVERSITY
DEPARTMENT OF ACCOUNTANCY
FINANCIAL ACCOUNTING
COMM 217 ALL SECTIONS
MID-TERM EXAMINATION
Winter 2012
Duration: 3 hours
Name: _
Instructions:
1. This examination paper consists of 9 pages including this page. Please make sure your p
CONCORDIA UNIVERSITY
DEPARTMENT OF ACCOUNTANCY
FINANCIAL ACCOUNTING
COMM 217 ALL SECTIONS
MIDTERM EXAMINATION (REGULAR)
FALL 2013
Question 1 (27 marks):
1. C
2. C
3. C
4. C
Shareholders Equity = Share Capital ($605,000 + $27,500) + Retained Earnings
($492
CONCORDIA UNIVERSITY
DEPARTMENT OF ACCOUNTANCY
FINANCIAL ACCOUNTING
COMM 217 ALL SECTIONS
MIDTERM EXAMINATION (REGULAR)
FALL 2013
Name: _
ID: _
Section: _
Duration: 3 hours
Instructions (very important):
1. This examination paper consists of 8 pages inclu