81. Which one of the following below should be added to net income in calculating net cash flow from operating activities using the indirect method? A. a gain on the sale of landB. a decrease in accounts payableC. an increase in accrued liabilitiesD. dividends paid on common stock 82. On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be A. deducted from […]
111. Bright Co. holds Park Co.’s $40,000, 120 day, 9% note. The entry made by Bright Co. when the note is collected, assuming no interest has previously been accrued is: A. Cash 40,000 Notes Receivable 40,000 B. Accounts Receivable 41,200 Notes Receivable 40,000 Interest Revenue 1,200 C. Cash 41,200 Notes Receivable 40,000 Interest Revenue 1,200 D. Accounts Receivable 41,200 Notes Revenue 40,000 […]
63.Which of the following is true regarding the reporting of expenses by private sector, not-for-profit hospitals? A)All expenses are considered reductions in unrestricted net assets. B)Expenses must be reported by natural (i.e. salaries, supplies, etc.) classification in the statements. C)Both (a) and (b) above. D)Neither (a) nor (b) above. 64.Not-for-profit health care entities are distinguished from voluntary health and welfare organizations in the following […]
21) When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated to cream and liquid skim? A) $1,386,804 and $893,196 B) $1,140,000 and $1,140,000 C) $1,368,000 and $912,000 D) $1,254,00 and $1,026,000 22) When using the physical-volume method, what is Cream’s approximate production cost per gallon? A) $3.03 B) $3.31 C) $3.13 D) $3.21 23) Which […]
38.A formal statement of future plans, usually expressed in monetary terms, is a: A.Variance report. B.Position statement. C.Budget. D.Prospectus. E.Variance analysis. 39.The process of planning future business actions and expressing them as a formal plan is called: A.Budgeting. B.Cost accounting. C.Managerial accounting. D.Variance analysis. E.Standard cost analysis. 40.All of the following are necessary for budgets to be effective except: A.Goals should be attainable. B.Employees […]
11.Which inventory cost flow assumption is allowed under U.S. GAAP but not under IFRS? A.Specific identification. B.FIFO. C.LIFO. D.Average cost. 12.Which of the following statements is true regarding revaluation of property, plant, and equipment to fair value? A.Only IFRS allows revaluation of property, plant, and equipment to fair value. B.Only U.S. GAAP allows revaluation of property, plant, and equipment to fair value. C.Both U.S. […]
171. Hakik Enterprises offers rug cleaning services to business clients. Below is the work sheet containing the trial balance for the month ended July 31, 2012. Hakik EnterprisesWork SheetFor the Month Ended July 31, 2012 Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Cash 36 Prepaid Insurance 12 […]
106) Wolverines, Inc. issued $1,000,000 of 7.5%, 10-year bonds dated June 1, 2012, with semiannual interest payments on June 1 and December 1. The bonds were issued on June 1, 2012, at 103 3/4. Wolverines’ year end is December 31. 1.If the company uses the straight-line method of amortization, what is the amount of interest expense for the year ended December 31, 2012? 2.What […]
86.Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,260. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of .6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee’s pay. […]
Multiple Choice Questions 31. Which of the following need not be completed separately if a worksheet is prepared? A. a trial balance B. an income statement C. a balance sheet D. a statement of owner’s equity 32. When a trial balance is in balance, A. adjusting entries are not required. B. the general ledger is free of errors. C. the debit account balances equal the credit account balances. D. the company has […]
Example answer if I chose Seattle, WA:
I have family in the city Seattle. The atmosphere in Seattle is thick with clouds and water vapor seven months of the year. The hydrosphere is represented by the Pudget Sound and various lakes around the metro area. Mount Rainer represents both the lithosphere and the cryosphere. The cryosphere because it is snowcapped and the lithosphere because it is a stratovolcano. The lithosphere is very prominent around Seattle with both active and inactive volcanoes surrounding the area because of the subduction of the Juan de Fuca plate offshore. The city has a thriving biosphere of insects and deer.
a) What is the global albedo of Earth?
b) What is the global albedo of Venus?
c) Which planet absorbs more actual sunlight – Earth or Venus?
d) What is the actual average surface temperature of Earth?
e) What is the actual average surface temperature of Venus?
4.Venus’ average surface temperature is much hotter than Earth’s
a) Which object would emit more radiation (have a higher intensity) Venus or the Sun? Support your answer using radiation law(s).
b) Of the Earth, Venus, and the Sun, which would have the longest peak wavelength? The shortest? Support you answer using radiation law(s).
5. In 3-5 sentences, explain the primary reason for the difference in temperatures between the two planets.
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