CHAPTER 13
Project Management
TRUE/FALSE
13.1
PERT and CPM are quantitative analysis tools designed to schedule and control large
projects.
ANSWER: TRUE
13.2
PERT is a deterministic analysis tool allowing for precise times of activities within a project.
CHAPTER 7
Linear Programming Models: Graphical and Computer Methods
TRUE/FALSE
7.1
Management resources that need control include machinery usage, labor volume, money spent,
time used, warehouse space used, and material usage.
ANSWER: TRUE
7.2
In the term
CHAPTER 9
Linear Programming: The Simplex Method
TRUE/FALSE
9.1
A basic feasible solution is a solution to a linear programming problem that corresponds to a
corner point of the feasible region.
ANSWER: TRUE
*9.2
A surplus variable is added to a constrain
CHAPTER 12
Network Models
TRUE/FALSE
12.1
The minimal-spanning tree technique finds the shortest route to a series of destinations.
ANSWER: FALSE
12.2
In the minimal-spanning tree technique, it is necessary to start at the last node in the network.
ANSWER
CHAPTER 16
Markov Analysis
TRUE/FALSE
16.1
The matrix of transition probabilities shows the likelihood that the system will change
from one time period to the next.
ANSWER: TRUE
16.2
In the matrix of transition probabilities, P i j is the conditional prob
CHAPTER 16
MULTIPLE CHOICE
16-1: 16-2: 16-3: d, because no impairment of goodwill is recognized. d, consolidated net income will decrease due to amortization of the allocated difference which is not the goodwill (P60,000 / 10 years). d, computed as follow
CHAPTER 15
MULTIPLE CHOICE
15-1: a Acquisition cost Less: Book value of interest acquired (100%) Difference Allocation: Property and equipment Other assets Long-term debt Goodwill 15-2: c Acquisition cost Less: Book value of interest acquired (P280,000 x
CHAPTER 14
MULTIPLE CHOICE 14-1: a Purchase price (8,000 shares x P30) Direct acquisition cost Contingent consideration Acquisition cost 14-2: a Purchase price Direct acquisition cost Acquisition cost Less: Fair value of net assets acquired Goodwill 14-3:
CHAPTER 13
MULTIPLE CHOICE
13-1: 13-2: c a Goods available for sale: At billed price (P30,000 + P180,000) At cost (P210,000 / 120%) Balance of Allowance for Overvaluation account before adjustment 13-3: c Inter-company inventory profit (IIP) before closin
CHAPTER 13
MULTIPLE CHOICE
13-1: 13-2: c a Goods available for sale: At billed price (P30,000 + P180,000) At cost (P210,000 / 120%) Balance of Allowance for Overvaluation account before adjustment 13-3: c Inter-company inventory profit (IIP) before closin
120 Chapter 7
CHAPTER 7 MULTIPLE CHOICE ANSWERS AND SOLUTIONS
7-1: c Amount realized secured by inventory Unsecured claim (P10,000 x 25%) Total amount received 7-2: d Amount realized secured by inventory Unsecured claim (P88,000 x 75%) Total amount receiv
CHAPTER 12
MULTIPLE CHOICE
12-1: 12-2: d. This is recorded when the working fund is replenished. c. Sales Cost of goods sold: Purchases Merchandise inventory, end Gross profit Expenses Net income (loss) 12-3: b Sales Cost of goods sold (P70,000 / 140%) Gr
Reorganization and Troubled Debt Restructuring 135
CHAPTER 8 MULTIPLE CHOICE ANSWERS AND SOLUTIONS
8-1: a Trade accounts payable (P52,000 + P62,700) P114,700 12% preferred stock (5,000 x P1) Paid in capital in excess of par (5,000 x P9) Cash (P62,700 x P0
CHAPTER 12
MULTIPLE CHOICE
12-1: 12-2: d. This is recorded when the working fund is replenished. c. Sales Cost of goods sold: Purchases Merchandise inventory, end Gross profit Expenses Net income (loss) 12-3: b Sales Cost of goods sold (P70,000 / 140%) Gr
Franchise Accounting
177
CHAPTER 11 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 11-1: b No revenue is to be reported. Because the franchisor fails to render substantial services to the franchisee as of December 31, 2008. 11-2: c Initial franchise fee Less: Cost
CHAPTER 17
MULTIPLE CHOICE
17-1: B Consolidated sales Sales Papa Sales San Elimination of inter-company sales Consolidated sales Consolidated cost of goods sold Cost of goods sold Papa Cost of goods sold San Eliminations: Realized profit in beginning inve
CHAPTER 18
MULTIPLE CHOICE
18-1: a Equipment at original cost Accumulated depreciation: Time of sale Current depreciation based on Original cost (P500,000/10 years 18-2: b Net income Sol Unrealized gain on sale of computer, Dec. 31 Adjusted net income Min
Mann - Introductory Statistics, Fifth Edition, Solutions Manual
5.1
103
Random variable: A variable whose value is determined by the outcome of a random experiment is
called a random variable. An example of this is the income of a randomly selected family
Chapter Six
6.1
The probability distribution of a discrete random variable assigns probabilities to points while that of a
continuous random variable assigns probabilities to intervals.
6.2
The probability that a continuous random variable
x assumes a sin
Chapter Nine
9.1
a. The null hypothesis is a claim about a population parameter that is assumed to be true until it is
declared false.
b. An alternative hypothesis is a claim about a population parameter that will be true if the null
hypothesis is false.
Chapter Eight
8.83
n 100,
x $273, , and s $60;
therefore
s x s / n 60 / 100 6
a. Point estimate of x $273
1
1
$
Margin of error .96 s x .96(6) 11.76
b. The 95 % confidence interval for is:
8.84
x zs x 273 1.96(6) 273 11.76 $261.24 to $284.76
n 100,
then
x
Chapter Eleven
11.1
See box on page 512 of the text.
11.2
For df = 12 and .025 area in the right tail:
2 = 23.337
11.3
For df = 28 and .05 area in the right tail:
2 = 41.337
11.4
For an area of .10 in the left tail, the area in the right tail is 1 .10 = .
Chapter Ten
10.1
The two samples are independent if they are drawn from two different populations and the elements of
the two samples are not related. As an example, suppose we want to estimate the difference between
the salaries of male and female univer
CHAPTER 18
MULTIPLE CHOICE
18-1: a Equipment at original cost Accumulated depreciation: Time of sale Current depreciation based on Original cost (P500,000/10 years 18-2: b Net income Sol Unrealized gain on sale of computer, Dec. 31 Adjusted net income Min
CHAPTER 18
Problem 18-1
Problem 18-2
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
D
A
A
C
A
B
C
C
C
D
Problem 18-3
1. Ore property
5,000,000
Total cost (960,000 + 490,000)
1,450,000
Less: Accumulated depletion
400,000
Depletable cost
1,050,000
Divide by estimated remain
CHAPTER 21
MULTIPLE CHOICE 21-1 21.2 21.3 21.4 21.5 21.6 21.7 21.8 21.9 21.10 21.11 21.12 21.13 21.14 21.15 b a a b b a c a a c d b b a a Excess of income over expenses Depreciation Increase in due from national government agencies Increase in prepaid ren
CHAPTER 20
MULTIPLE CHOICE
20-1: b Bad debt expense (S$ 6,000 x P28.20) P169,200 Amortization of patents (S$ 4,000 x P28.20) 112,800 Rent expense (S$ 10,000 x P28.20) 282,000 Total P564,000 Average rate (P28.20) is used to translate all expenses since thi
CHAPTER 19
Multiple Choice
19-1: d.
Direct exchange rate: December 1 December 31 Decrease in forex rate Forex gain (200,000 yen x P0.08) 1 2.22 yen = 1 2.70 yen = P P P 0.45 0.37 0.08 16,000
19-2:
c.
Forex rate, December 1 Forex rate, December 31 Increase