Operations Management, 10e (Heizer/Render)
Chapter 1 Operations and Productivity
True/False
1) Some of the operations-related activities of Hard Rock Caf include designing meals and
analyzing them for ingredient cost and labor requirements.
Answer: TRUE
D
A set of criteria used to determine measurement, recognition, representation, and disclosure of all material
items appearing in the financial statements is referred to as a(n) :
Financial reporting framework.
ACPAfirmestablishesqualitycontrolpoliciesandpr
Operations Management, 10e (Heizer/Render)
Chapter 1 Operations and Productivity
True/False
1) Some of the operations-related activities of Hard Rock Caf include designing meals and
analyzing them for ingredient cost and labor requirements.
Answer: TRUE
D
WhichofthefollowingfamilyrelationshipsismostlikelytoimpairaCPA's
independencewithrespecttoaparticularauditclientonwhichtheCPAworksasa
"coveredmember"?
The CPA's father is president of the audit client.
Contingencyfeebasedpricingofaccountingservicesis:
Pro
Chapter 12 - Inventories and Cost of Goods Sold
Chapter 12
Inventories and Cost of Goods Sold
Chapter 12 Inventories and Cost of Goods Sold Answer Key
True / False Questions
1. Observation of inventories is a generally accepted auditing standard.
FALSE
AA
Chapter 02 - Professional Standards
Chapter 02
Professional Standards
True / False Questions
1. To express an opinion on financial statements, the auditor obtains reasonable assurance
about whether the financial statements as a whole are free from materia
Chapter 03 - Professional Ethics
ghrChapter 03
Professional Ethics
True / False Questions
1. The Rules portion of the AICPA Code of Professional Conduct must be followed by only
those members in private practice.
True False
2. The AICPA Code of Profession
Chapter 07 - Internal Control
Chapter 07
Internal Control
Chapter 07 Internal Control Answer Key
True / False Questions
1. Internal control is concerned with the reliability of financial information.
TRUE
AACSB: Analytic
AICPA BB: Industry
AICPA FN: Decis
Chapter 05 - Audit Evidence and Documentation
Chapter 05 Audit Evidence and Documentation Answer Key
In obtaining sufficient appropriate audit evidence, the work of which type or types of
specialists may be relied upon? Answer: Client engaged and auditor
Tyler Testman
Acct 3110
10/26/14
Homework 4
Question 1:
a. Elements of financial statements are the building blocks with which financial statements are
constructedthe classes of items that financial statements comprise. The items in financial
statements r
Tyler Testman
ACCT 3110
September 24, 2014
Homework 2
In this scenario I believe that the egg laying hens should be classified as inventory, rather
than as property, plant and equipment. There are several reasons as to why I believe the hens
should be cla
Tyler Testman
Acct 3110
9/9/14
Homework 1
1. The mission of the FASB is to establish and improve the generally accepted accounting
principles, or GAAP within the United States. The SEC has designated the FASB as being
responsibl with setting the guideline
Know:INTEGRATEDAUDITFOREXAMLookatFigure7.11.
Internal Control
Until early 1900s, many people interpreted the term internal control as: the steps taken by a business to
prevent fraud (both misappropriation of assets and fraudulent financial reporting). Or,
Chapter 3: Professional Ethics (Through Page 81)
The Nature of Ethics
Ethics: The study of moral principles and values that govern the actions and decisions of an individual or
group.
Personal ethics vary from individual to individual at any point in tim
Appendix 6-C pg 235
And Figure 6.8 pg 219
The Audit Process: the following stages are involved in every engagement
1. Plan the Audit
2. Obtain Understanding of Client and its Environment, and Internal Controls
3. Assess Material Misstatement Risks & Desig
Tyler Testman
Acct 3110
11/25/14
Homework 5
Question 1
a. Target Corp. estimates future write-offs on the entire credit card portfolio collectively based
on historical experience of delinquencies, risk scores, aging trends and industry risk trends.
b. The
Extra Credit Assignment
10/04/2016
Deekshitha Divyendar
Lynn Turner Can or Do Accountants Count?
Public accounting toughest job in business today tough saying yes when you need to say yes and no
when you need to say no.
Auditing profession's value is ques
What is accounting?
In the simplest term, accounting is a system that provides quantitative information to
people for decision-making.
Financial accounting is concerned with providing relevant financial information to
various external users, e.g. investor
Intermediate Accounting II
Assignment 4
1. a) Though I completed the calculation with the excel function for PV, below the calculations for
the bond are shown:
Stated rate= 0.035/2=0.0175
Market Rate = 0.0625/2=0.03125
Number of periods=30x2=60
PV factor
Intermediate Accounting 1
HW Assignment 7
1. The codification states that all abnormal freight charges and other charges should be
recognized as an expense in the period. The full explanation is shown below:
Unallocated overheads shall be recognized as an
Intermediate Accounting 1
Assignment 6
1. The citation to the FASBs Accounting Standards Codification states that non-interest
bearing notes should amortize the discount over the five-year life of the note, which is
required by section 835-30-35 of the co
Intermediate Accounting II
HW Assignment 2
1.
a.
Date
12/31/2017
Account
Debit
Credit
Impairment loss
10,700,000
Goodwill
10,700,000
b. In determining the amount of the impairment loss, following the new guidance I
calculated the difference between the ca
Intermediate Accounting II
Assignment 5
1.
a) No title transfer, as a result the first condition is not met. The agreement does not contain a
bargain purchase option and as a result the second condition is not met. The economic life of the
asset is expect
Intermediate Accounting II
HW Assignment 1
1. a) Yes, this trade of pitchers is considered a nonmonetary exchange for financial
reporting purposes because the trade of player contracts by professional sports
organizations qualify as an exchange of product
