APHA advocates on AIDS,
Medicare, health funding
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APHA takes action on
In other APHA advocaqf
news, the Association:
^ signed onto an
October letter o
ASTR 105L Reading Star Charts
Objective: to become familiar with the conventions used in mapping the sky, and to be able to
find objects in the sky using a star chart.
One of the goals of this class is to make you comfortable enough with the night sky so
Lab Partner: Edger Moya
Moons of Jupiter
In this Lab we track the motion of Jupiters Galilean moons in order to determine
the mass of Jupiter. We found that has 312.717 times the mass of Earth.
Chapter 2 Notes
Objective 1: Describe how accounts, debits, and credits are used to record
External Transactions occur between the organization and an outside party.
Internal Transactions occur within the organization.
Chapter 9 Notes Plant Assets
Objective 1: Explain the accounting for plant asset expenditures.
Plant assets are resources that have
physical substance (a definite size and shape),
are used in the operations of a business,
are not intended for sale to c
Chapter 5 Notes
Objective 1: Describe merchandising operations and inventory systems.
Merchandise companies _.
Flow of costs:
Merchandiser carry inventory. They either use a perpetual or periodic inventory system.
Perpetual Inventory System:
Chapter 1 Notes
Objective 1: Identify the activities and users associated with accounting
Accounting consists of three basic activitiesit
the economic events of an organization to interested users.
-Who uses accounting data?
Chapter 3 Notes
Objective 1: Explain the accrual basis of accounting and the reasons for adjusting entries.
Accountants divide the economic life of a business into _.
Transactions recorded in the _
Companies recognize revenu
Chapter 6 Inventories
Objective 1: Discuss how to classify and determine inventory.
Physical Inventory taken for two reasons:
1. Check accuracy of inventory records.
2. Determine amount of inventory lost due to wasted raw materials, shopl
Chapter 4 Notes
Objective 1: Worksheet
A worksheet is:
Multiple-column form used in preparing financial statements.
Not a permanent accounting record.
May be a computerized worksheet using an electronic spreadsheet program
such as Excel.
Chapter 7 Notes Fraud, Internal Control, and Cash
Objective 1: Discuss fraud and the principles of internal control.
Three factors that contribute to fraudulent activity:
Applies to publicly traded U.S. corporations.
Chapter 10: Liabilities
Objective 1: Explain how to account for current liabilities.
What is a current liability?
Written promissory note.
Frequently issued to meet short-term financing needs.
Requires the borrower to pay interest.
Explain why management accountants should know the business
strategy of their organization.
The performance measures that accountants develop must tie directly to concepts in strategy and
We have to know what kind of performance
Cost variance analysis
Sales activity va
Demonstration Problem 1
East Mountain Bike expects to sell 25,000 electronic bicycles next year. The management estimates that the
beginning and ending inventory will be 2,000 units and 3,500 units, respectively.
Prepare a production budget for
The Kessler Company has the following information pertaining to the month of March:
Prepare a performance report for March including columns for the (a) actual results, (b)
flexible budget, (c) flexible budget variance, (d) master budget, and (e
A. Administrative costs
C. Cost allocation
D. Cost object
E. Cost pool
Full absorption cost
Work in process
During the year, a manufacturing company had the following operating results:
What is the cost of goods manufactured for the year?
$45,000 + $308,000 + $475,000 + $250,000 - $67,000 = $1,011,000
Ch.2 Multiple Choice Questions
Prime cost = $20 + $15 = $35.
Conversion cost = $15 + $12 +$10 = $37.
Inventoriable cost = $20 + $15 + $12 +$10 = $