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Question : 114.A change from FIFO to LIFO in a period of : 1244254

Accounting

114.A change from FIFO to LIFO in a period of rising prices will

 

a.

increase the current ratio and decrease the inventory turnover ratio.

b.

increase both the current ratio and the inventory turnover ratio.

c.

decrease both the current ratio and the inventory turnover ratio.

d.

decrease the current ratio and increase the inventory turnover ratio.

 

 

 

115.How would the collection of an account receivable affect the current ratio and the quick ratio, respectively?

 

a.

Increase in current ratio; increase in quick ratio

b.

No effect on current ratio; no effect on quick ratio

c.

No effect on current ratio; increase in quick ratio

d.

Decrease in current ratio; decrease in quick ratio

 

 

 

116.The number of days’ sales uncollected is determined by dividing

 

a.

the number of days in a year by average accounts receivable.

b.

sales by average accounts receivable.

c.

the number of days in a year by the receivable turnover.

d.

net income by average accounts receivable.

 

 

 

117.A quick ratio that is much smaller than the current ratio indicates that

 

a.

inventories represent a large portion of current assets.

b.

the company has a low inventory turnover.

c.

the company has a high inventory turnover.

d.

inventories represent a small portion of current assets.

 

 

 

118.What is the effect of the payment of an account payable on the current ratio and the quick ratio, respectively? (Assume the current ratio was 2.3 times and the quick ratio was 2.1 times before this transaction.)

 

a.

Increase in current ratio; increase in quick ratio

b.

Decrease in current ratio; no effect on quick ratio

c.

Decrease in current ratio; decrease in quick ratio

d.

No effect on current ratio; no effect on quick ratio

 

 

 

119.Assuming that the current ratio was 1.6 times and the quick ratio was 1.4 times before this transaction, the entry to record the payment of a previously declared and recorded cash dividend will

 

a.

decrease the current ratio and the quick ratio.

b.

have no effect on the current ratio or the quick ratio.

c.

increase the current ratio and the quick ratio.

d.

increase the current ratio but have no effect on the quick ratio.

 

 

 

120.A company with a current ratio of 2.4 times will see that ratio decrease when the company

 

a.

converts a short-term liability to a long-term liability.

b.

borrows cash by issuing a short-term note payable.

c.

declares a 10 percent stock dividend on its common stock.

d.

pays a large current liability.

 

 

 

121.During the year, Dempsey Corporation’s current ratio increased while its quick ratio decreased. Which of the following could help explain this situation?

 

a.

The sale of short-term investments during the year

b.

A decrease in accounts receivable during the year

c.

An increase in accounts payable during the year

d.

An increase in inventory levels during the year

 

 

 

122.Following are the financial statements for Starman Corporation for the year ended December 31, 20×7. Assume that all balance sheet amounts represent both average and ending figures.

 

Starman Corporation

Balance Sheet

December 31, 20×7

Assets

Cash

 

$  20,000

Marketable securities

 

30,000

Accounts receivable

 

50,000

Inventory

 

100,000

Long-term receivables

 

35,000

Property, plant, and equipment

 

   65,000

Total assets

 

$300,000

 

Liabilities and Stockholders’ Equity

Current liabilities

 

$100,000

Long-term liabilities

 

60,000

Stockholders’ equity

 

  140,000

Total liabilities and stockholders’ equity

 

$300,000

 

Starman Corporation

Income Statement

For the Year Ended December 31, 20×7

Net sales

$400,000

Cost of goods sold

  240,000

Gross margin

$160,000

Operating expenses

    40,000

Income before income taxes

$120,000

Income taxes expense

   30,000

Net income

$  90,000

 

What is the current ratio for this corporation?

 

a.

1.70 times

b.

1.54 times

c.

1.00 times

d.

2.00 times

 

 

 

 

 

 

 

 

 

 

123.Following are the financial statements for Starman Corporation for the year ended December 31, 20×7. Assume that all balance sheet amounts represent both average and ending figures.

 

Starman Corporation

Balance Sheet

December 31, 20×7

Assets

Cash

 

$  20,000

Marketable securities

 

30,000

Accounts receivable

 

50,000

Inventory

 

100,000

Long-term receivables

 

35,000

Property, plant, and equipment

 

   65,000

Total assets

 

$300,000

 

Liabilities and Stockholders’ Equity

Current liabilities

 

$100,000

Long-term liabilities

 

60,000

Stockholders’ equity

 

  140,000

Total liabilities and stockholders’ equity

 

$300,000

 

Starman Corporation

Income Statement

For the Year Ended December 31, 20×7

Net sales

$400,000

Cost of goods sold

  240,000

Gross margin

$160,000

Operating expenses

    40,000

Income before income taxes

$120,000

Income taxes expense

   30,000

Net income

$  90,000

 

What is the receivable turnover for this corporation?

 

a.

6.0 times

b.

1.8 times

c.

4.8 times

d.

8.0 times

 

 

 

 

 

 

 

 

 

 

 

 

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Discussion 2.1

In the article "Learning How to Code-Switch: Humbling, but Necessary," Eric Deggans describes his experiences with code switching. For your next discussion board, you should describe your own experiences switching between different audiences, cultures or social groups.  How does your language and behavior change depending on the people you are around?  Have you ever had an experience in which your failure to adapt to a new situation caused problems?  Do you have difficultly maintaining your own identity when you are required to code switch?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include at least 2 vocabulary words from this unit. Identify these these words using red text.

Vocabulary for Unit Two

These are the vocabulary words for Unit 2.  Remember to incorporate at least two words into your Discussion Board.  Identify the words by using red text.

Benevolent         Reclamation          Dubious           Fabricated

Hypocrisy            Slander                 Astute              Ambiguous

Apathetic             Arbitrary

 https://www.npr.org/sections/codeswitch/2013/04/10/176234171/learning-how-to-code-switch-humbling-but-necessary 

Discussion 3.1

After reading the items in the folder above related to Beyoncé, please respond to both parts below:

Part 1: When you first read Berlatsky's article, what was your reaction? Were you able to find his main argument? What aspects of his argument did you agree with or disagree with?

Part 2: After reading the two example essays, did your perspective about the article change? Did you see aspects of the article that you didn't notice before? Do you agree with the responses from either of the example essays?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include two vocabulary words highlighted in red.

Vocabulary for Unit 3

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Conviction          Impression          Misconception           Perspective

Profound            Inherent              Inveterate                  Amenable

Impinge              Subversion         Aesthetic

Instructions

Beyoncé is both celebrated and scrutinized for her artistic talents and for the way she presents herself to the world. The article that I've linked to below demonstrates some of these diverse viewpoints. Take some time to read the article carefully. As you read, look for the author's viewpoint, keeping in mind that he spends a great deal of time summarizing the viewpoints of others. In a way, the author, Noah Berlatsky, is writing a summary/response: first, he summarizes the viewpoints of Bill O'Reilly and bell hooks (who has intentionally changed her name so that the first letters are lowercase) and then he provides a response. Look for Berlatsky's response.

Beyonce: Sex Terrorist

Follow this link to Berlatsky's article. 

Berlatsky, Noah.  "Beyonce: Sex Terrorist: A Meance to Conservatives and Liberals Alike." The Atlantic. 12 May 2014. http://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/. 30 January 2017.

 https://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/ 

Reflection

Take a moment to reflect upon the article you've just read. What is Berlatsky's main argument? How does his argument compare to O'Reilly's and hooks's statements about Beyoncé? Do you agree or disagree with Berlatsky?

Examples

Attached Files:

Beyonce Student Example 2.docx - Alternative Formats (21.013 KB)

Beyonce Student Example 1.docx - Alternative Formats (19.234 KB)

Read the attached examples of students writing summary/response essays about Berlatsky's article. Once you've read the examples, go back to the lesson and complete the discussion board assignment. 

Discussion 4.1

For this discussion board, first choose an image from the "images" folder to respond to.  In your discussion board post, begin by describing the image you have chosen and explaining your initial reactions to the image.  From there, provide your reader with an analysis of the image, using terms introduced earlier in this unit: composition, context, content, framing, lighting, angle, intertextuality, focus,  etc.  Be sure to begin your response by identifying which image you have chosen.

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each.

As always,  be sure to use two vocabulary words from the unit.

Vocabulary for Unit 4

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Inconsequential      Superficial         Tenuous      Trivial

Compelling             Obstinate         Tenacity       Consensus

Derived                   Acquired

Discussion 5.1

You should have already chosen a topic for your final essay.  Now, you need to explore the multiple viewpoints associated with that topic. Go to the discussion board and write a brief essay (300 words minimum) summarizing some of the multiple viewpoints associated with that topic (for and against, pro and con).  At the end of your essay, present your own opinion on the topic in the form of a thesis statement or arguable claim.  Refer to the previous video lesson on constructing an arguable thesis to help you.

As you respond to your peers (2 replies, 100 words each), try to fill in any gaps you see in their understanding of the pros and cons of the issue.  In addition, evaluate the thesis statement.  Does it make a limited and arguable claim about the topic or issue?  If not, suggest ways to improve the thesis.

Vocabulary for Unit Five

These are the vocabulary words for Unit 5.  Remember to incorporate them into your Discussion Board in this unit.

Plausible       Objectivity       Substantiated

Integrity         Effusive          Superfluous

Sanction       Fabricated      Ambiguous

Ambivalent

default image
July 1, 2023
    

Discussion 2.1

In the article "Learning How to Code-Switch: Humbling, but Necessary," Eric Deggans describes his experiences with code switching. For your next discussion board, you should describe your own experiences switching between different audiences, cultures or social groups.  How does your language and behavior change depending on the people you are around?  Have you ever had an experience in which your failure to adapt to a new situation caused problems?  Do you have difficultly maintaining your own identity when you are required to code switch?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include at least 2 vocabulary words from this unit. Identify these these words using red text.

Vocabulary for Unit Two

These are the vocabulary words for Unit 2.  Remember to incorporate at least two words into your Discussion Board.  Identify the words by using red text.

Benevolent         Reclamation          Dubious           Fabricated

Hypocrisy            Slander                 Astute              Ambiguous

Apathetic             Arbitrary

 https://www.npr.org/sections/codeswitch/2013/04/10/176234171/learning-how-to-code-switch-humbling-but-necessary 

Discussion 3.1

After reading the items in the folder above related to Beyoncé, please respond to both parts below:

Part 1: When you first read Berlatsky's article, what was your reaction? Were you able to find his main argument? What aspects of his argument did you agree with or disagree with?

Part 2: After reading the two example essays, did your perspective about the article change? Did you see aspects of the article that you didn't notice before? Do you agree with the responses from either of the example essays?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include two vocabulary words highlighted in red.

Vocabulary for Unit 3

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Conviction          Impression          Misconception           Perspective

Profound            Inherent              Inveterate                  Amenable

Impinge              Subversion         Aesthetic

Instructions

Beyoncé is both celebrated and scrutinized for her artistic talents and for the way she presents herself to the world. The article that I've linked to below demonstrates some of these diverse viewpoints. Take some time to read the article carefully. As you read, look for the author's viewpoint, keeping in mind that he spends a great deal of time summarizing the viewpoints of others. In a way, the author, Noah Berlatsky, is writing a summary/response: first, he summarizes the viewpoints of Bill O'Reilly and bell hooks (who has intentionally changed her name so that the first letters are lowercase) and then he provides a response. Look for Berlatsky's response.

Beyonce: Sex Terrorist

Follow this link to Berlatsky's article. 

Berlatsky, Noah.  "Beyonce: Sex Terrorist: A Meance to Conservatives and Liberals Alike." The Atlantic. 12 May 2014. http://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/. 30 January 2017.

 https://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/ 

Reflection

Take a moment to reflect upon the article you've just read. What is Berlatsky's main argument? How does his argument compare to O'Reilly's and hooks's statements about Beyoncé? Do you agree or disagree with Berlatsky?

Examples

Attached Files:

Beyonce Student Example 2.docx - Alternative Formats (21.013 KB)

Beyonce Student Example 1.docx - Alternative Formats (19.234 KB)

Read the attached examples of students writing summary/response essays about Berlatsky's article. Once you've read the examples, go back to the lesson and complete the discussion board assignment. 

Discussion 4.1

For this discussion board, first choose an image from the "images" folder to respond to.  In your discussion board post, begin by describing the image you have chosen and explaining your initial reactions to the image.  From there, provide your reader with an analysis of the image, using terms introduced earlier in this unit: composition, context, content, framing, lighting, angle, intertextuality, focus,  etc.  Be sure to begin your response by identifying which image you have chosen.

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each.

As always,  be sure to use two vocabulary words from the unit.

Vocabulary for Unit 4

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Inconsequential      Superficial         Tenuous      Trivial

Compelling             Obstinate         Tenacity       Consensus

Derived                   Acquired

Discussion 5.1

You should have already chosen a topic for your final essay.  Now, you need to explore the multiple viewpoints associated with that topic. Go to the discussion board and write a brief essay (300 words minimum) summarizing some of the multiple viewpoints associated with that topic (for and against, pro and con).  At the end of your essay, present your own opinion on the topic in the form of a thesis statement or arguable claim.  Refer to the previous video lesson on constructing an arguable thesis to help you.

As you respond to your peers (2 replies, 100 words each), try to fill in any gaps you see in their understanding of the pros and cons of the issue.  In addition, evaluate the thesis statement.  Does it make a limited and arguable claim about the topic or issue?  If not, suggest ways to improve the thesis.

Vocabulary for Unit Five

These are the vocabulary words for Unit 5.  Remember to incorporate them into your Discussion Board in this unit.

Plausible       Objectivity       Substantiated

Integrity         Effusive          Superfluous

Sanction       Fabricated      Ambiguous

Ambivalent

default image
July 1, 2023
    

Discussion 2.1

In the article "Learning How to Code-Switch: Humbling, but Necessary," Eric Deggans describes his experiences with code switching. For your next discussion board, you should describe your own experiences switching between different audiences, cultures or social groups.  How does your language and behavior change depending on the people you are around?  Have you ever had an experience in which your failure to adapt to a new situation caused problems?  Do you have difficultly maintaining your own identity when you are required to code switch?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include at least 2 vocabulary words from this unit. Identify these these words using red text.

Vocabulary for Unit Two

These are the vocabulary words for Unit 2.  Remember to incorporate at least two words into your Discussion Board.  Identify the words by using red text.

Benevolent         Reclamation          Dubious           Fabricated

Hypocrisy            Slander                 Astute              Ambiguous

Apathetic             Arbitrary

 https://www.npr.org/sections/codeswitch/2013/04/10/176234171/learning-how-to-code-switch-humbling-but-necessary 

Discussion 3.1

After reading the items in the folder above related to Beyoncé, please respond to both parts below:

Part 1: When you first read Berlatsky's article, what was your reaction? Were you able to find his main argument? What aspects of his argument did you agree with or disagree with?

Part 2: After reading the two example essays, did your perspective about the article change? Did you see aspects of the article that you didn't notice before? Do you agree with the responses from either of the example essays?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include two vocabulary words highlighted in red.

Vocabulary for Unit 3

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Conviction          Impression          Misconception           Perspective

Profound            Inherent              Inveterate                  Amenable

Impinge              Subversion         Aesthetic

Instructions

Beyoncé is both celebrated and scrutinized for her artistic talents and for the way she presents herself to the world. The article that I've linked to below demonstrates some of these diverse viewpoints. Take some time to read the article carefully. As you read, look for the author's viewpoint, keeping in mind that he spends a great deal of time summarizing the viewpoints of others. In a way, the author, Noah Berlatsky, is writing a summary/response: first, he summarizes the viewpoints of Bill O'Reilly and bell hooks (who has intentionally changed her name so that the first letters are lowercase) and then he provides a response. Look for Berlatsky's response.

Beyonce: Sex Terrorist

Follow this link to Berlatsky's article. 

Berlatsky, Noah.  "Beyonce: Sex Terrorist: A Meance to Conservatives and Liberals Alike." The Atlantic. 12 May 2014. http://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/. 30 January 2017.

 https://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/ 

Reflection

Take a moment to reflect upon the article you've just read. What is Berlatsky's main argument? How does his argument compare to O'Reilly's and hooks's statements about Beyoncé? Do you agree or disagree with Berlatsky?

Examples

Attached Files:

Beyonce Student Example 2.docx - Alternative Formats (21.013 KB)

Beyonce Student Example 1.docx - Alternative Formats (19.234 KB)

Read the attached examples of students writing summary/response essays about Berlatsky's article. Once you've read the examples, go back to the lesson and complete the discussion board assignment. 

Discussion 4.1

For this discussion board, first choose an image from the "images" folder to respond to.  In your discussion board post, begin by describing the image you have chosen and explaining your initial reactions to the image.  From there, provide your reader with an analysis of the image, using terms introduced earlier in this unit: composition, context, content, framing, lighting, angle, intertextuality, focus,  etc.  Be sure to begin your response by identifying which image you have chosen.

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each.

As always,  be sure to use two vocabulary words from the unit.

Vocabulary for Unit 4

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Inconsequential      Superficial         Tenuous      Trivial

Compelling             Obstinate         Tenacity       Consensus

Derived                   Acquired

Discussion 5.1

You should have already chosen a topic for your final essay.  Now, you need to explore the multiple viewpoints associated with that topic. Go to the discussion board and write a brief essay (300 words minimum) summarizing some of the multiple viewpoints associated with that topic (for and against, pro and con).  At the end of your essay, present your own opinion on the topic in the form of a thesis statement or arguable claim.  Refer to the previous video lesson on constructing an arguable thesis to help you.

As you respond to your peers (2 replies, 100 words each), try to fill in any gaps you see in their understanding of the pros and cons of the issue.  In addition, evaluate the thesis statement.  Does it make a limited and arguable claim about the topic or issue?  If not, suggest ways to improve the thesis.

Vocabulary for Unit Five

These are the vocabulary words for Unit 5.  Remember to incorporate them into your Discussion Board in this unit.

Plausible       Objectivity       Substantiated

Integrity         Effusive          Superfluous

Sanction       Fabricated      Ambiguous

Ambivalent

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August 5, 2021
    

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Economics, 5 pages
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August 5, 2021
    

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Human Resource Management, 2 pages
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August 5, 2021
    

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Public Relations, 3 pages
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August 5, 2021
    

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Tourism, 1 page
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Philosophy, 5 pages
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August 5, 2021
    

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August 5, 2021
    

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Business, 8 pages

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
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Money-back guarantee

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