96.
Current ratio
Acidtest ratio
Total debttoequity ratio
Purchase of a warehouse with a 6month note
Answer:
Current ratio
Acidtest ratio
Total debttoequity ratio
D
D
I
Purchase of warehouse wit
/w EPDw ULLTEw
Points
Awarded
26.00
Points Missed
Percentage
4.00
86.7%
1.
Factory overhead:
A)
Can be a variable cost or a fixed cost.
B)
Is a prime cost.
C)
Can only be a fixed cost.
D)
Includes all
AUDITING THEORY notes
SALOSAGCOL
jkycpa
Audit Planning (2nd step in the Audit process, after the acceptance of the engagement)
I.
Objective:
Determine the scope of the audit procedures to be performed
106.Provide some examples of recent product changes, i.e. new
products that are replacing older ones.
Answers will vary. The list in the text includes: TV to HDTV, radio
to satellite radio, coffee sho
OPPORTUNITIES
Hydrocarbon production meeting threequarters of energy needs

Hydrocarbons are a primary energy source for current civilizations. The
predominant use of hydrocarbons is as a combustib
PNG electric company manufactures a number of electric products. Rechargeable light is one of the
PNGs products that sells for $180/unit. Total fixed expenses related to rechargeable electric light ar
Statement of the Problem
Some students around the world tend to use their cellphones during class, which impacts their
behavior and academic performances during class hours. Along with this, teachers
There it goes again, the connection I feel every time I seat through my window; whenever the
cold breeze touches my skin, and anywhere my eye goes all I see is the beauty and bounty of
nature. I can p
Analysis of Financial Statement
The Statement of Financial Position
Also known as the Balance sheet. It is a summary of a rms nancial position on a given date that shows total
assets, total liabilitie
Cartesian
Coordinates System
DEFINITION
Number Line
is a directed line with its points
corresponding to real numbers. The number
corresponding to a point on the line is called
the coordinate of a poin
Distance Between
Two Points
INTRODUCTION
The distance between any two points or
the length of a line segment connecting them,
can be determined when we know the
coordinates of the endpoints.
FORMULA
d
Name: _
Score: _
Course/Year/Section: _
Date: _
Locate the following points on the graph below and connect them in order with straight line
segments. Do not connect points separated by the symbol /.
(
Division of a
Line Segment
FORMULA
x = x1 + r(x2 x1)
y = y1 + r(y2 y1)
EXAMPLE 1
Find the two trisection points of the line
segment joining the points A(5,2) and R(4,1).
SOLUTION
A(5,2)
x1 = 5
y1 = 2
Midpoint of a
Line Segment
DEFINITION
The point that is midway between two
points.
FORMULA
1
x = (x1 + x2)
2
1
y = (y1 + y2)
2
EXAMPLE 1
Find the midpoint of the line segment
with endpoints A(2,3) and
Slope of a Line
DEFINITION
It is defined as the rise per unit of run.
FORMULA
rise
m=
run
y
m=
x
y2 y1
m=
x2 x1
EXAMPLE 1
Find the slope of the line that passes
through the points A(4,3) and J(2,1).
S
Slope of
Parallel Lines
DEFINITION
Two nonvertical lines are parallel if and
only if they have the same slope.
EXAMPLE
Show that the points X(4,3), Y(3,5),
R(4,1) and S(3,1) are vertices of a
paralle
Slope of
Perpendicular Lines
DEFINITION
Two lines with slopes m1 and m2 are
perpendicular if and only if their slopes are
negative reciprocals of each other, that is, if
1
1
m1m2 = 1
m1 =
m2 =
m2
m1
Chapter2
MultipleChoiceQuestions
1.
easy
a
WhichoneofthefollowingisnotoneofthethreeGeneralStandards?
a. Properplanningandsupervision.
b. Independenceofmentalattitude.
c. Adequatetrainingandproficiency
E
22.
Roger Company manufactures Product X in a twostage production cycle in Departments A and
B. Materials are added at the beginning of the process in Department B. Roger uses the average
costing m
CHAPTER 6: MANAGING QUALITY
TRUE/FALSE
1.Managers at Arnold Palmer Hospital take quality so seriously that the hospital typically is a
national leader in several quality areassothat continuous improve
PROBLEMS
109.Management is concerned that workers create more product defects
at the very beginning and end of a work shift than at other times of their
eight hour workday. Construct a scatter diagram
SUPPLEMENT 6: STATISTICAL
PROCESS CONTROL
TRUE/FALSE
1.Some degree of variability is present in almost all processes.
True (Statistical Process Control (SPC), easy)
2.The purpose of process control is
42.Stakeholders who are affected by the production and marketing of poor quality products
include
a.stockholders, employees, and customers
b.suppliers and creditors, but not distributors
c.only stockh
38.In which stage of the product life cycle should product strategy focus on improved cost
control?
a.introduction
b.growth
c.maturity
d.decline
e.none of the above
c (Goods and services selection, mo
CHAPTER 5: DESIGN OF GOODS AND SERVICES
TRUE/FALSE
1.Regal Marine's attempts to keep in touch with customers and respond to the marketplace are
made impossible because consumer tastes change and marit
40.The critical path for the network activities shown below is _
with duration _.
Activity
Duration
Immediate
Predecessors
A
B
C
4
2
7
4
5
A

D
A
E
B,C,D
a.ABD;10
b.ABE;11
c.CE;12
d.ADE;13
e.
94.Briefly discuss what is meant by critical path analysis. What are
critical path activities and why are they important?
The critical path consists of those tasks that determine the overall
project c
69.Demand for a certain product is forecast to be 800 units per month,
averaged over all 12 months of the year. The product follows a seasonal
pattern, for which the January monthly index is 1.25. Wha
CHAPTER 4: FORECASTING
TRUE/FALSE
1.A nave forecast for September sales of a product would be equal to the forecast for August.
False (Timeseriesforecasting, moderate)
2.The forecasting time horizon
61. Rowe Co.'s Job 401 for the manufacture of 2,200 wagons was completed
during August at the unit costs presented below.
Direct materials
Direct labor
Factory overhead
$24
18
14
$56
Final inspection
43. The general ledger entry to record the purchase of materials is:
a. DebitPurchases Received
CreditPurchase Orders
Outstanding
b. DebitMaterials
CreditPurchase Orders
Outstanding
c. DebitPurch
52. Harrison Industries produces 4,000 lunch boxes each day. The average
number of units in work in process is 12,000, having an average cost of
$60,000. The annual carrying costs related to inventory
1. An effective cost control system should include:
a. An established plan of objectives and goals to be achieved.
b. Regular reports showing the difference between goals and actual performance.
c. Sp
70. The materials account of the Herbert Company reflected the following
changes during August:
18 units @ $200
Balance, August 1
6 units @ $210
Received, August 2
8 units
Issued, August 8
10 units @