31.Edson Enterprises wants to know if its profitability performance has improved. Calculate profit margin for 20×7 and 20×8, using the following data: Net Income, 20×7 Net Income, 20×8 Net Revenues, 20×7 Net Revenues, 20×8 $ 8,600 10,000 160,000 192,000 a. Profit margin, 20×7 ___________ b. Profit margin, 20×8 ___________ c. Using profit margin as a measure, has profitability improved? […]
11) James, a customer, purchased $500 of merchandise from Haskins, Inc. Under the perpetual inventory system, Haskins, Inc. will record a: A) debit to Accounts Receivable or to Cash for $500. B) credit to Accounts Receivable or to Cash for $500. C) credit to Cost of Goods Sold for $500. D) debit to Sales for $500. 12) Merchandise returned by the customer for a […]
57) Pilgrim Corporation processes frozen turkeys. The company has not been pleased with its profit margin per product because it appears that the high value items have too few costs assigned to them, while the low value items have too many costs assigned to them. The processing results in several products, the primary one of which is frozen small turkeys. Other products include frozen […]
59.Long-term investments: A. Are current assets. B. Include funds earmarked for a special purpose such as bond sinking funds. C. Must be readily convertible to cash. D. Are expected to be converted into cash within one year. E. Include only equity securities. 60.Short-term investments: A. Are securities that management intends to convert to cash within the longer of one year or the current operating cycle, and are readily convertible […]
244. Mandalay Company, Inc. frequently has accrued expenses at the end of its fiscal year that should be recorded for proper financial statement presentation. Mandalay pays on a weekly basis and has $50,000 of accrued salaries incurred but not paid for June 30, its fiscal year-end. This consists of one day’s accrued salaries for the week. The company will pay its employees $250,000 on July […]
31. Revenue and expense accounts A. are permanent accounts. B. are temporary accounts. C. reflect cumulative changes in each account since the organization of the firm. D. record all cash receipts and cash disbursements. E. none of the above 32. Which of the following is/are true? A. Cost is the economic sacrifice made to acquire goods or services B. When the good or service acquired has reliably measurable future benefits to […]
101. Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? A. depreciation expense B. an increase in inventory C. a gain on the sale of equipment D. dividends declared and paid 102. The net income reported on the income statement for the current year was $250,000. Depreciation recorded on fixed assets and amortization of patents for the […]
29.Judy Bright has just won the lottery. She can elect to receive her winnings in equal payments of $200,000 a year for the next ten years on December 31 or to receive $2,000,000 immediately. If the current interest rate is 6%, which choice will provide the highest amount: A. Receiving $2,000,000 immediately. B. Taking equal payments for 10 years. C. It does not matter […]
41.The monetary unit that a company uses to measure economic transactions is primarily determined by the: a.stable dollar concept adjusted for inflationary effects. b.markets in which a company operates. c.fiscal period a company has chosen. d.decision by management to elect to use a given currency. 42.Which one of the following is considered an unrealistic assumption in accounting? a.Economic entity b.Stable dollar c.Going concern d.Fiscal […]
81. Which statement below is not a determinate in calculating the amount of federal income taxes withheld from an individuals pay? A. filing status B. types of earnings C. gross pay D. number of exemptions 82. Which of the following would be used to compute the federal income taxes to be withheld from an employee’s earnings? A. FICA tax rate B. wage and tax statement C. FUTA tax rate D. wage bracket and withholding […]
To add two functions the questions are asking you develop: divideMid and divideAt.
4.(Dividing a linked list into two sublists of almost equal sizes)
a. Add the operation divideMid to the class linkedListType as follows:
void divideMid(linkedListType &sublist);
//This operation divides the given list into two sublist
//of (almost) equal sizes.
//Postcondition: first points to the first node and last
// points to the last node of the first sublist.
// sublist.first points to the first node and
//sublist.last points to the last node of the second
//sublist.
Consider the following statements:
unorderedLinkedList myList;
unorderedLinkedList subList;
Suppose myList points to the list with elements 34 65 27 89 12 (in this order). The
statement:
myList.divideMid(subList);
divides myList into two sublists: myList points to the list with the elements 34 65 27,
and subList points to the sublist with the elements 89 12.
b. Write the definition of the function template to implement the operation divideMid. Also
write a program to test your function.
5.(splitting a linked list, at a given node, into two sublists)
a. Add the following operation to the class LinkedListType:
void divideAt (LinkedListClass& secondList, const Type& item);
//Divide the list at the node with the info item into two sublists.
//Postcondition: first and last point to the first and last nodes of the first sublist.
// secondList.first and secondList.last point to the first
// and last nodes of the second sublist.
Consider the following statements:
UnorderedLinkedList myList;
UnorderedLinkedList otherList;
Suppose myList points to the list with the elements 34, 65, 18, 39, 27, 89, and 12 (in this order). The statement
myList.DivideAt(otherList, 18);
Divides myList into two sublists: myList points to the list with elements 34 and 65, and otherList points to the sublist with elements 18, 39, 27, 89, and 12.
b. Write the defintion of the funcction template to implement the operation divideAt. Also write a program to test your function.
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