61. When the seller has received cash, but has not earned all of the revenues represented by the cash by providing goods and services, the seller has incurred an obligation to provide goods or services. These liabilities A. are referred to as deferred performance obligationsB. may use an account title of Advances from CustomersC. may use an account title of Deferred RevenuesD. may use an account title of Unearned […]
91. The direct write-off method A. must be used for income tax reporting in the United States. B. is the method preferred by U.S. GAAP for financial reporting. C. prevents management of earnings by the firm. D. does not misstate the amount of accounts receivable on the balance sheet. E. none of the above. 92. An example of a firm’s use of a different set of accounting principles […]
181.Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and withdrawals by owners of $9,000. Calculate the ending equity. A.$88,000. B.$25,000. C.$97,000. D.$38,000. E.$47,000. 182.Doc’s Ribhouse had beginning equity of $52,000; net income of $35,000, and withdrawals by the owner of $12,000. Calculate the ending equity. A.$(5,000). B.$29,000. C.$5,000. D.$99,000. E.$75,000. 183.A company’s balance sheet shows: cash $24,000, accounts receivable […]
40. Which of the following is not a factory overhead allocation method? A. single plantwide rateB. multiple departmental rates C. traditional costingD. activity-based costing 41. Which of the following does not support managerial decisions involving accurate product costing? A. product constraintsB. emphasis of a product lineC. product mixD. product price 42. Pinacle Corp. budgeted $300,000 of overhead cost for 2012. Actual overhead costs for the year were $290,000. Pinacle’s plantwide allocation base, machine hours, was […]
31. Knowledge management, management development, cultural change, and strategic redirection and renewal represent which type of HR activity? A. Transactional B. Transnational C. Transformational D. Traditional Transformational activities comprise the greatest strategic value for the firm. 32. A recent trend in HR that is consistent with a total quality management philosophy emphasizes A. efficiency in delivering programs. B. cost reduction of HR functions. C. functional approaches in delivering HR programs. […]
130.Wind Fall, a manufacturer of leaf blowers, began operations this year. During this year, the company produced 10,000 leaf blowers and sold 8,500. At year-end the company reported the following income statement using absorption costing: Cost of goods sold (8,500 × $20) 170,000 Gross margin$212,500 Selling and administrative expenses 60,000 Net income$152,500 Production costs per leaf blower total $20, which consists of $16 in variable production […]
177.The following transactions and information pertain to Lazar Corporation for 20×7 and 20×8. 20×7 May 1 Purchased 3,000 shares of Ross Corporation common stock at $20 per share (representing 5 percent of Ross’s total outstanding stock) as a long-term investment. Sept. 1 Received a cash dividend from Ross equal to $0.60 per share. Dec. 31 Market value of […]
83.Which of the following is false regarding revenues of health care organizations: A) Patient service revenues are to be reported net of estimated contractual adjustments in the operating statement. B) Operating Revenues are often classified as net patient service revenue and other revenue. C) Patient service revenue includes charge for charity care. D) Revenues are measured on the accrual basis. 84.Dukes Medical Center performed […]
44.Which of the following terms designates the maximum number of shares of stock that a corporation may issue? A. Number of shares authorized B. Number of shares issued C. Par value D. Number of shares outstanding 45.Which of the following statements best describes the term “par value?” A. An amount used in determining a corporation’s legal capital. B. The amount that must be paid to purchase a share of stock. […]
71.Department X began the current year with $20,000 in inventory. During the year, Department X net purchases amounted to $65,000 and its ending inventory was $12,000. Sales during the year totaled $170,000, other direct expenses were $37,000, and total indirect expenses of $25,000. Department B’s contribution margin is A. $35,000. B. $37,000. C. $60,000. D. $97,000. 72.Department B had net sales […]
To prepare for this discussion, please read Chapter 1 of your (Feenstra, 2013). In addition, read (Boynton, Portnoy, and Johnson, 2013). Finally, review Instructor Guidance and Announcements. (Not reviewing these each week can affect your performance, be mindful to include these readings in your study time.)
In this discussion, you will consider principles of scientific research, including methodology and ethical considerations. Be sure to use your own and apply appropriately throughout your post.
Post your initial response of 250 words or more by Day 3 (Thursday). Respond to at least two of your peers by Day 7 (Monday). You are encouraged to post one or more of your required replies early each week (e.g., by Saturday) to stimulate more meaningful and interactive discourse in the discussion forum. In addition, strive to provide a response to classmates who replied to your initial post and/or the Instructor (if applicable). Peer responses may vary in length but should be carefully crafted and insightful. Below are some suggestions to assist your thinking.
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