121. If the company meets the new target cost number, how much will they have to cut costs per unit, if any? A. $1B. $3C. $2D. $0 122. If the company can not cut costs any lower than they already are what would the profit margin on sales be if they meet the market selling price? A. 9.3%B. 7.3%C. 10.3%D. 8.3% 123. Miramar Industries manufactures two products, A and B. The manufacturing operation involves […]
61. Which of the following is/are not true? A. Convertible preferred shares give the holder of preferred shares the right to convert the preferred shares into a specified number of common shares under certain specified conditions. B. Changes in the market price of convertible preferred shares will often parallel changes in the market price of common shares because of the conversion option. C. Convertible preferred shares provide […]
151. Prepare general journal entries for the following transactions of this company for the current year: Apr. 25 Sold $4,500 of merchandise to CBC Corp., receiving a 10%, 60-day, $4,500 note receivable. June 24 The note of CBC Corp., received on April 25 was dishonored. 152. Prepare general journal entries for the following transactions of this company for the current year: Dec. […]
126. In preparing a company’s statement of cash flows for the year just ended, the following information is available: Loss on the sale of equipment $ 14,000 Purchase of equipment $225,000 Proceeds from the sale of equipment $106,000 Repayment of outstanding bonds $ 87,000 Purchase of treasury stock $ 25,000 Issuance of common stock $ 96,000 Purchase of land $115,000 Increase in accounts receivable […]
61. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest on debt as a(n) _____ activity and classifies cash expenditures for dividends to shareholders as a(n) _____ activity. A. operating; operating B. operating: investing C. operating; financing D. financing; operating E. financing; financing 62. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as a(n) _____ activity and classifies […]
4) Which of the following differentiates confidentiality and credibility under the Standards of Ethical Conduct? A) Credibility deals with refraining from activities that would prejudice carrying duties ethically, while confidentiality deals with communicating information fairly and objectively. B) Confidentiality deals with refraining from the usage of critical information for unethical or illegal advantage, while credibility ensures disclosing the relevant information that would help the […]
141. Based on the following information, what would be recorded as the cash payment if the invoice is paid within the discount period? 1. $5,000 of merchandise inventory was ordered on April 2, 2007 2. $2,000 of this merchandise was received on April 5, 2007 3. On April 6, 2007, an invoice dated April 4, 2007, with terms of 2/10, net 30 for $2,150 which […]
87. A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $62,000; the land at $35,000, and the parking lot at $18,000. Land should be recorded in the accounting records with an allocated cost of: A. $ 0. B. $ 30,435. C. $ 35,000. D. $ 46,087. E. $100,000. 88.The formula to compute annual straight-line depreciation […]
Objective 16.6 1) Which method of accounting recognizes byproducts in the financial statements at the time their production is completed? A) production allocation method B) sale method C) production method D) None of these answers is correct. Answer the following questions using the information below: Athens Company processes 15,000 gallons of direct materials to produce two products, Product X and Product […]
96. A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (5,000 units): Direct materials $70,000 Direct labor 20,000 Variable factory overhead 10,000 Fixed factory overhead 2,000 $102,000 Operating expenses: Variable operating expenses $17,000 Fixed operating expenses […]
This is a two-part assignment:
Part 1: Locate five peer-reviewed articles published within the past 5 years related to a topic of interest you wish to explore for your dissertation research. Do not include book chapters, books, editorials, white papers, trade magazine articles, or non-peer-reviewed sources. Then, complete the following for each source in the form of an annotated bibliography:
Part 2: After reviewing each annotation, describe the topic you wish to explore for your dissertation research. This topic should logically flow from the gaps in the literature noted in your annotations.
Total Length: 5-7 pages, not including title and reference pages
Your assignment should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic.
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