Packet Exercise 6.4 SOLUTION
1. A companys allowance for doubtful accounts is $17,000 on 1/1/2014 and $13,000 on 1/1/2015.
During 2014, bad debts expenses were estimated to be 4% on net credit sales of $200,000. During
2014, what was the amount of account

Chapter 10 & 11 Exam Practice Questions
1) If a loss contingency related to a lawsuit against a firm is deemed to have a reasonable
possibility of requiring ultimate payment, then the proper accounting treatment of the loss
contingency will
a) require not

Chapter 9 practice exam questions
1) A machine was purchased on January 1 for $50,000. The machine has an estimated useful life
of 8 years with a salvage value of $2,000. Under the double-declining-balance, depreciation
expense for each of the first two y

A201 Exam 2 Practice Questions Set B Chapters 5 - 8
The following questions are additional practice questions to help you prepare for the exam. It is
not sufficient to ONLY study these questions be sure to complete the textbook chapter problems
listed on

A201 Exam 2 Practice Questions Set A Chapters 5 - 8
The following questions are additional practice questions to help you prepare for the exam. It is not sufficient to
ONLY study these questions be sure to complete the textbook chapter problems listed on

A201 Exam 1 Practice Questions Set A SOLUTIONS ON LAST PAGE
The following questions are additional practice questions to help you prepare for Exam 1.
It is not sufficient to ONLY study these questions be sure to complete the textbook
chapter problems list

A-201
- CHAPTER 6 PP
6.1
The temporary gaps between the demand and supply of available capacity.
6.2
The maximum volume of activity that a company can sustain with available
resources.
6.3
Because organizations make capacity decisions based on the expecte

A201 Student Number_
(This number will be assigned to you during your discussion
class. This number must be used on all exams & homework)
INDIANA UNIVERSITY BLOOMINGTON
KELLEY SCHOOL OF BUSINESS
A201: INTRODUCTION TO FINANCIAL ACCOUNTING
Spring 2013
Instr

E370Statistical Analysis for Business and Economics
Practice Problems for Week Six ANSWERS
1.
page 1
Buyers for large department stores typically purchase costume jewelry in assortments rather than by the piece. A buyer is
interested in ordering a ring th

E370Practice Problems Answers
Week 09
1.
Given a normal distribution with :=100 and F = 10, if a sample of n=25 is selected, what is the probability that 0 is
10
x ~ N (100,
2)
25
a.
less than 95? =NORM.DIST(95,100,2,1)=0.0062
b.
between 95 and 97.5? =NO

E370Spring, 2015
Answers to Practice Problems Week 10
1.
Find a confidence interval for : assuming that each sample is from a normal population.
0 = 14, F = 4, n = 5, 90 percent confidence [11.0576, 16.9424]
a.
0 = 37, F = 5, n = 15, 99 percent confidence

E370Week 14 Practice Problems Answers
1.
The following is Excel output of a regression of Mean January Temperature (MJT) on Latitude (LAT) and Longitude
(LONG). Answer the questions which follow based on this output.
A.
What does the Multiple R coefficien

E370, Week 12
Practice ProblemsANSWERS
1.
Estimate each confidence interval and then perform the requested test.
0 or x
F or s
n
1-"
a.
0 = 14
F =4
n = 25
93%
b.
0 = 37
F = 12
n = 68
c.
0 = 121
F =15
d.
0 = 347
d.
H0:
Test
Result
12.55, 15.45
H0: : = 13
F

E370Spring, 2015
Practice Problems
for week of 02/23/2015
1.
In the game of roulette, a steel ball is rolled onto a wheel that contains 18 red, 18 black and 2 green slots.
a.
Consider the ball falling in a red slot a success. Create a graph of the probabi

A201 Exam 1 Practice Questions Set A
The following questions are additional practice questions to help you prepare for Exam 1. It
is not sufficient to ONLY study these questions be sure to read the chapters and review
your notes to fully prepare for the e

E370Spring, 2015
Practice Problems
for Week Five
1.
Thefollowingisaprobabilitydistributionforthenumberofdefectivepartsfoundinsamplesof4
producedparts.
a.
b.
2.
Xi
0
1
2
3
4
P(Xi)
0.4096
0.4096
0.1536
0.0256
0.0016
Calculatetheexpectednumberofdefectivepart

A201 - CHAPTER 13 PROB.
13.1
Cost leadership, and value differentiation.
13.2
(1) Industry competitors, (2) new entrants, (3) substitute products, (4) supplier power, and
(5) customer power.
13.3
The key source of customer value.
13.4
Yes, this is general

A201 - CHAPTER 11 PROBLEMS
11.1
Capital budgeting refers to the set of tools companies use to evaluate large expenditures
on long-lived resources.
11.2
The time value of money arises because a dollar today is worth more than a dollar tomorrow. Time value

A201 CH. 8 PP
8.1 8.2 8.3 8.4 Many organizations use a budget as a benchmark for evaluating actual performance. A plan that represents the expected revenues, costs, and profit corresponding to the expected sales volume as of the beginning of the period. T

Accounting Cycle Quiz Information Sheet
Point value:
This quiz is worth 30 points.The quiz has three parts as follows:
o Part I Prepare journal entries for a given list of transactions. Must use proper journal
entry formatting as explained in class.
Part

A201 Exam 1 Practice Questions Set B SOLUTIONS ON LAST PAGE
The following questions are additional practice questions to help you prepare for Exam 1.
It is not sufficient to ONLY study these questions be sure to complete the textbook
chapter problems list

1. At January 1, 2004, Jamin Co. had a credit balance of $260,000 in its allowance for
doubtful accounts. Based on past experience, 2% of Jamins credit sales have been
uncollectible. During 2004, Jamin wrote off $325,000 of uncollectible accounts. Credit

A201 Number _
Points earned:_(30 max)
Last name (printed): _ First name (printed): _
Practice Accounting Cycle Quiz #1 Spring 2012
Part I Journal & Adjusting Entries
Prepare a journal entry for each transaction and adjustment. Remember to use proper form.

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A201 Exam 2 Practice Questions Set C Chapters 5 - 8
The following questions are additional practice questions to help you prepare for the
exam. It is not sufficient to ONLY study these questions be sure to complete the
textbook chapter problems listed on

A201 Exam 1 Practice Questions Set C Chapters 1 - 4
The following questions are additional practice questions to help you prepare for Exam 1. It is not
sufficient to ONLY study these questions be sure to complete the textbook chapter problems
listed on th

A201 Exam 1 Practice Questions Set B Chapters 1 - 4
The following questions are additional practice questions to help you prepare for Exam 1. It is not
sufficient to ONLY study these questions be sure to complete the textbook chapter problems listed
on th

A201 Exam 1 Practice Questions Set A Chapters 1 - 4
The following questions are additional practice questions to help you prepare for Exam 1. It is not
sufficient to ONLY study these questions be sure to complete the textbook chapter problems listed
on th

A201 Exam 1 Practice Exercise Set E
Part I Journal & Adjusting Entries
Prepare a journal entry for each transaction and adjustment. Remember to use proper form.
1/1/2011 Jensen Company sold land costing $46,000 for a $2,000 gain.
1/1/2011 Jensen Company s