Jesse Nakashian
E-14
TIM Delivery service
Trial balance
July 31, 2017
DR
CR
Accounts Receivable
Prepaid Insurance
Equipment21,567
Notes Payable.10,642
.26,450
Accounts Payable.1,968
.8,396
Salaries and wages payable.49,360
.815
Common Stock.700
40,000
Ret
1. Yes, because everyone needs someone to manage your money. If they didnt have
an accountant people would waste away their money.
3. a) Internal users are management, finance, human resources, and marketing.
b) When accountants do financial statements it
Jesse Nakashian
14. Yes, the company you did service for pays you on account(accounts receivable)
days later the company pays you in cash. The journal entry would be debit to cash,
credit to accounts receivable.
15. a) No, because the president dying has
Homework 2
Accounting
Q 14, 15, 17, BE 6, E 6, 8
1. 14. Yes, where an increase in one asset decreases another asset. For example you could
buy equipment with cash, both assets, however the equipment asset wo
Homework 8
Accounting
Q 2, 3, 14 & 15; BE 1, 2 & 9; E 2 & 10
1. 2 Nontrade receivables including interest receivable, loans to company officers,
advances to employees, and income taxes refundable
2. 3 Inter
Homework 11
Accounting
Q 2, 6, 10, BE 1, 3 E 1, 3
1. 2. (1) they are owned by the company and (2) they are in a form ready for sale to customers
2. 6. FOB shipping point indicates that the title of goods is transferred from the seller to the
buyer when th
Homework 14
Accounting
Q 1, 6, 12, 17, E 3, 6, 14, P 6A
1. 1. Employee Fraud is a dishonest act made by an employee that results in personal benefit to
the employee and usually a negative impact on th
Homework 1
Accounting
Q 1, 3, 13, BE 11, & E 3
1. 1. Yes I agree without accounting, our economic system would be based off of basically
nothing, it would be guesses and assumptions. Even companies would t
CHAPTER SEVEN
CAPITAL PROJECTS FUNDS
(Pages 262300)
CHAPTER SEVEN OUTLINE
1) Capital projects fund (CPF) operations and accounting standards
a) CPF financial resources
b) Number of funds
c) CPF life cycle
d) The budget
e) Interim financing
f) Project cost
Chapter 015 Nonparametric Methods: Chi-Square Applications
True / False Questions
1. Nonparametric tests require no assumptions about the shape of the population distribution.
TRUE
AACSB: CA
BLOOM: 2
Difficulty: Easy
Goal: 1
2. The claim that "male and fe
Chapter 014 Multiple Regression and Correlation Analysis
True / False Questions
1. Multiple regression analysis is used when two or more independent variables are used to
predict a value of a single dependent variable.
TRUE
AACSB: CA
BLOOM: 2
Difficulty:
Chapter 013 Linear Regression and Correlation
True / False Questions
1. If a scatter diagram shows very little scatter about a straight line drawn through the plots, it
indicates a rather weak correlation.
FALSE
AACSB: CA
BLOOM: 2
Difficulty: Easy
Goal: 1
Chapter 012 Analysis of Variance
True / False Questions
1. The F distribution's curve is positively skewed.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Medium
Goal: 1
2. The test statistic used in ANOVA is Student's t.
FALSE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Go
Chapter 011 Two Samples Tests of Hypothesis
True / False Questions
1. If the null hypothesis states that there is no difference between the mean income of males
and the mean income of females, then the test is one-tailed.
FALSE
AACSB: CA
BLOOM: 2
Difficul
Chapter 010 One-Sample Tests of Hypothesis
True / False Questions
1. Two examples of a hypothesis are: 1) mean monthly income from all sources for senior
citizens is $841 and 2) twenty percent of juvenile offenders ultimately are caught and
sentenced to p
Chapter 009 Estimation and Confidence Intervals
True / False Questions
1. A point estimate is a single value used to estimate a population parameter.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 1
2. A point estimate is a range of values used to estimat
Chapter 008 Sampling Methods and the Central Limit Theorem
True / False Questions
1. In stratified random sampling, a population is divided into strata using naturally occurring
geographic or other boundaries. Then strata are randomly selected and a rando
Chapter 007 Continuous Probability Distributions
True / False Questions
1. The Empirical Rule of probability can be applied to the uniform probability distribution.
FALSE
AACSB: CA
BLOOM: 2
Difficulty: Medium
Goal: 1
2. Areas within a continuous probabili
Chapter 006 Discrete Probability Distributions
True / False Questions
1. The Poisson probability distribution is always negatively skewed.
FALSE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 5
2. A random variable is assigned numerical values based on the out
Chapter 005 A Survey of Probability Concepts
True / False Questions
1. Based on a classical approach, the probability of an event is defined as the number of
favorable outcomes divided by the total number of possible outcomes.
TRUE
AACSB: CA
BLOOM: 1
Diff
Chapter 004 Describing Data: Displaying and Exploring Data
True / False Questions
1. A dot plot and a scatter diagram are different names for the same graph.
FALSE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 1
2. A dot plot is an easy way to represent the r
Chapter 003 Describing Data: Numerical Measures
True / False Questions
1. A value that is typical or representative of the data is referred to as a measure of central
location.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 1
2. The arithmetic mean is the
Chapter 002 Describing Data: Frequency Distributions and Graphic
Presentations
True / False Questions
1. A frequency distribution groups data into classes showing the number of observations in
each class.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 3
2
Chapter 001 What is Statistics?
True / False Questions
1. A population is a collection of all individuals, objects, or measurements of interest.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 2
2. A sample is a portion or part of the population of interes
CHAPTER TWENTY
AUDITING GOVERNMENTS AND NOT-FOR-PROFIT ORGANIZATIONS
(Pages 780822)
CHAPTER TWENTY OUTLINE
1) Overview
2) What is an audit?
a) Classification of audits
b) Managements representations
c) External auditor classifications
d) Engagement letter
CHAPTER NINETEEN
FEDERAL GOVERNMENT ACCOUNTING
(Pages 743779)
CHAPTER NINETEEN OUTLINE
1) The federal financial management environment
a) Financial accounting responsibilities
i) Department of the Treasury
ii) Office of Management and Budget (OMB)
iii) Go
CHAPTER EIGHTEEN
ACCOUNTING FOR HEALTH CARE ORGANIZATIONS
(Pages 713742)
CHAPTER EIGHTEEN OUTLINE
1) Fundsgovernment hospitals
a) Basic principles
2) Unique measurement and display features
a) Distinguishing primary activities
b) Classes of revenues
c) Ga
CHAPTER SEVENTEEN
ACCOUNTING FOR COLLEGES AND UNIVERSITIES
(Pages 675712)
CHAPTER SEVENTEEN OUTLINE
1) Classification as engaged only in business-type activities
2) GAAP reporting requirements
a) Statement of net position
b) Operating statement
i) Tuition