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Indicate whether each phrase is more descriptive of financial...

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Part 1 (0.2 pt) X Feedback See Hint A consumer receives an endowment of $200.00 this period and $800.00 next period. Currently the interest rate is 11.00%. The present value of the endowment is $ X 222 . (Give your answer to two decimals.) Part 2 (0.4 pt) Feedback See Hint Suppose that instead, the endowment is $240.00 this period and $1040.00 next period. Suppose that the interest rate is still 11.00%. Now the present value of the endowment is $ x 1394.40 . (Give your answer to two decimals.) With the new endowments, the consumer is " wealthier Part 3 (0.4 pt) Feedback See Hint Now suppose that the endowment is $150.00 in the first period and $775.00 in the second period. The interest rate is still 11.00%. Now the present value of the endowment is $ x 1010.25 . (Give your answer to two decimals.) With the new endowments, the consumer is poorer

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Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.


(a) May be subjective


Financial accounting


Managerial accounting



(b) Often used to obtain financing


Financial accounting


Managerial accounting



(c) Typically prepared quarterly or annually


Financial accounting


Managerial accounting



(d) May measure time or customer satisfaction


Financial accounting


Managerial accounting



(e) Future oriented


Financial accounting


Managerial accounting



(f) Has a greater emphasis on cost-benefit analysis


Financial accounting


Managerial accounting



(g) Keeps records of assets and liabilities


Financial accounting


Managerial accounting



(h) Highly aggregated statements


Financial accounting


Managerial accounting



(i) Must conform to external standards


Financial accounting


Managerial accounting



(j) Special-purpose reports


Financial accounting


Managerial accounting



(k) Decision-making tool


Financial accounting


Managerial accounting



(l) Income statement, balance sheet, and statement of cash flows


Financial accounting


Managerial accounting

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Answer: Reducing the number of December advertising spots and increasing the number to be run in January. Acceptable — As the Decisions taken by company, it is a business related decision. Giving salespeople a double bonus to exceed December targets. Acceptable —Since this offer is for motivating the employees and also to push the business and it is 3?. ethical way of improving business. 3. Extending the close of the fiscal year beyond December 31 so that some sales from next year are counted in the current fiscal year. Un accepted —As it is against the rules of the maintaining accounts 4. Persuading customers to accept merchandise for shipment in December that they would normally not order until the following year. Acceptable — As there is no bribes are offered to persuade the customer and sales are occurred in December month 5. Altering dates on shipping documents so that sales made in January of the next year appear to have occurred in December of the current year. Unaccepted —As it is up ethical and against GAAP E. Deferring advertising costs by asking the outside advertising agency to delay sending out bills for December advertisements until January or by having the agency indicate that advertisements run in December were run in January. Unacceptable— As the expenses spent on December and recording forJanuary F. Defer performing routine monthly maintenance on equipment by an outside vendor until January. Accepted; g the expenses not actually spent not on December. What should you do if the president suggests that these actions are taken in every division of 321 and that the consumer division will be greatly harmed if it does not present "better" results than 3% growth?

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9. value: 5.00 points A difference between debt financing and equity financing is that: O debt financing must be repaid, while repayment of equity financing is not required. O equity financing must be repaid, while repayment of debt financing is not required. O only debt financing can be used to purchase assets. O only equity financing can be used to purchase assets.

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