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External link to Question : 29) The goal of variance analysis for managers to understand : 1217246
Accounting

Question : 29) The goal of variance analysis for managers to understand : 1217246

  29) The goal of variance analysis is for managers to understand why variances arise, to learn, and to improve future performance. 30) Employees logging in to production floor terminals and other modern technologies greatly facilitate the use of a standard costing system.   31) Possible operational causes of an unfavorable direct materials efficiency variance include poor design of products or processes.   32) Effectiveness […]

External link to Question : 130.Highland Company buys 70 percent of the stock of Danner : 1244282
Accounting

Question : 130.Highland Company buys 70 percent of the stock of Danner : 1244282

130.Highland Company buys 70 percent of the stock of Danner Company of $91,000. Danner Company has contributed capital of $70,000 and retained earnings of $60,000. The consolidated financial statements would contain   a. minority interest but not goodwill. b. minority interest and goodwill. c. goodwill but not minority interest. d. neither minority interest nor goodwill.           131.On January 1, 20×7, Walker […]

External link to Question : 91. Magpie Corporation uses the total cost concept of product pricing. : 1251721
Accounting

Question : 91. Magpie Corporation uses the total cost concept of product pricing. : 1251721

    91. Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000.  Fixed factory overhead cost$38,700 Fixed selling and administrative costs7,500 Variable direct materials cost per unit4.60 Variable direct labor cost per unit1.88 […]

External link to Question : 6) Which of the following capacity levels should a company : 1212182
Accounting

Question : 6) Which of the following capacity levels should a company : 1212182

  6) Which of the following capacity levels should a company choose, from a long-run product costing perspective, to allocate budgeted fixed manufacturing costs to products? A) master-budget capacity utilization to highlight unused capacity B) normal capacity utilization for benchmarking purposes C) practical capacity for pricing decisions D) theoretical capacity for performance evaluation   7) Customers expect to pay a price that includes ________. A) […]

External link to Question : 71.Which of the following costs would be most fairly allocated : 1257149
Accounting

Question : 71.Which of the following costs would be most fairly allocated : 1257149

    71.Which of the following costs would be most fairly allocated using a volume based cost driver?    A. Inventory holding costs   B. Property taxes   C. Set up costs for product batches   D. Indirect labor costs     72.Hough Company manufactures a wide variety of products. A high proportion of its indirect costs are batch-level costs, such as acquiring materials, moving materials within the factory, and […]

External link to Question : 191. The cost graphs in the illustration below shows various types : 1233805
Accounting

Question : 191. The cost graphs in the illustration below shows various types : 1233805

  191. The cost graphs in the illustration below shows various types of cost behaviors.For each of the following costs, identify the cost graph that best describes its cost behavior as the number of units produced and sold increases:  (a) Sales commissions of $5,000 plus $.05 for each item sold. (b) Rent on warehouse of $10,000 per month. (c) Insurance costs of $2,500 per month. (d) […]

External link to Question : 101. A company had investments in long-term available-for-sale securities. At the : 1256245
Accounting

Question : 101. A company had investments in long-term available-for-sale securities. At the : 1256245

    101. A company had investments in long-term available-for-sale securities. At the end of the current year, the company’s portfolio had a $731,000 cost and $730,000 market value. What is the current year’s adjustment to market value given the following account balances at the end of the prior year?   Market Adjustment Available-for-Sale   Unrealized Gain (Loss) Equity 5,000       5,000     […]

External link to Question : Multiple Choice Questions 1.All of the following statements describe qualities of : 1257150
Accounting

Question : Multiple Choice Questions 1.All of the following statements describe qualities of : 1257150

Multiple Choice Questions  1.All of the following statements describe qualities of relevance except:    A. Relevant information requires a high degree of precision.   B. Relevant information differs between the alternatives.   C. Relevant information is future oriented.   D. Relevant information includes qualitative as well as quantitative data.     2.Select the correct statement regarding relevant costs and revenues.    A. Relevant costs are also known as unavoidable costs.   B. Relevant […]

External link to Question : 92.Two ratios that provide insight the relationship between credit sales : 1254292
Accounting

Question : 92.Two ratios that provide insight the relationship between credit sales : 1254292

  92.Two ratios that provide insight on the relationship between credit sales and receivables are:    A. Current ratio and inventory turnover ratio. B. Accounts receivable turnover and current ratio. C. Average days to collect receivables and asset turnover. D. Accounts receivable turnover and average days to collect receivables. 93.Cost of goods sold/average inventory is the formula for which of these analytical measures?    A. Number of day’s sales in inventory B. Inventory […]

External link to Question : 148. Next year’s sales forecast shows that 20,000 units of Product : 1226977
Accounting

Question : 148. Next year’s sales forecast shows that 20,000 units of Product : 1226977

    148. Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12, respectively.  The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units.  The beginning inventory of Product B is 2,500 units.  The desired ending inventory of B is 3,000 […]

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July 1, 2023
    

Produce an ER Model for the following scenario (presented in Step 1 below) and business need, for the Pythagoras Math Academy.

Deliverables:

· ER Model for the scenario presented.

· You have the option to use MS Visio (if you have the software) to produce your ER Model.

· Alternatively, if you do not have MS Visio, you can use the ERD PLUS (Open source ER Modeling Software) and produce your ER Model.

Lab Steps:

Step 1: Read and understand the Scenario and Business needs presented below. Define and document the ENTITIES, and RELATIONSHIPS, required to address the business needs. The nouns in the scenario below will give the ENTITIES that you will need. Finally, the verbs will describe the RELATIONSHIPS.

Scenario and Business Need:

The Pythagoras Math Academy is in need to develop a database to keep track and control of his students, teachers, and classes offered.

Teachers are able to teach multiple courses. But they are required to be certified on the course they are teaching. For example, only a group of teachers are certified to teach Algebra, and other Geometry.

Students can take multiple courses. Courses are taught by teachers with the proper certification and have multiple certs as needed.  Courses are taught in one of the classrooms at one of the School’s several sites.

Each classroom is optimized to serve the needs for a course (for example some courses might require computer labs and whiteboards). The school needs to keep track of the math courses delivered in each of the sites.

Step 2: For this project, you are required to use MS Visio or ERD PLUS to produce the deliverables.

If you are using MS Visio follow the steps below:

· Open MS Visio

· Click on the Software Database Template in the main window

· Select the Database Model Diagram Template to open a new file.

If you are using ERD PLUS.

· From the ERP PLUS main interface, select DOCUMENTS --> NEW DIAGRAM (NAME YOUR DIAGRAM) -->ER DIAGRAM --> CREATE

Step 3: Define and Database ENTITIES

· Add an entity for each Table you identified in the Scenario and Business Need.

Step 4: ADD the required ENTITY ATTRIBUTES  

· Add the required Attributes for each Entity that you feel would help to define each Entity as needed.

· Select one of the attributes to be PRIMARY KEY (PK)

Step 5: Define RELATIONSHIPS

· Use the Crow’s Feet Notation.

· Drag and drop (draw) relationships between the entities you defined.

· Connect the ends to the two entities for each relation.

· Defined the Primary Key for the parent entity.

Step 6: Define CARDINALITY RELATIONSHIP

Set the cardinality for each of your relationships defined in Step 5.  

For MS Visio: select a relationship line in the drawing area that is connecting two entities. In the Database Properties window, select the miscellaneous category. Select the cardinality for the selected relationship.

default image
July 1, 2023
    

Produce an ER Model for the following scenario (presented in Step 1 below) and business need, for the Pythagoras Math Academy.

Deliverables:

· ER Model for the scenario presented.

· You have the option to use MS Visio (if you have the software) to produce your ER Model.

· Alternatively, if you do not have MS Visio, you can use the ERD PLUS (Open source ER Modeling Software) and produce your ER Model.

Lab Steps:

Step 1: Read and understand the Scenario and Business needs presented below. Define and document the ENTITIES, and RELATIONSHIPS, required to address the business needs. The nouns in the scenario below will give the ENTITIES that you will need. Finally, the verbs will describe the RELATIONSHIPS.

Scenario and Business Need:

The Pythagoras Math Academy is in need to develop a database to keep track and control of his students, teachers, and classes offered.

Teachers are able to teach multiple courses. But they are required to be certified on the course they are teaching. For example, only a group of teachers are certified to teach Algebra, and other Geometry.

Students can take multiple courses. Courses are taught by teachers with the proper certification and have multiple certs as needed.  Courses are taught in one of the classrooms at one of the School’s several sites.

Each classroom is optimized to serve the needs for a course (for example some courses might require computer labs and whiteboards). The school needs to keep track of the math courses delivered in each of the sites.

Step 2: For this project, you are required to use MS Visio or ERD PLUS to produce the deliverables.

If you are using MS Visio follow the steps below:

· Open MS Visio

· Click on the Software Database Template in the main window

· Select the Database Model Diagram Template to open a new file.

If you are using ERD PLUS.

· From the ERP PLUS main interface, select DOCUMENTS --> NEW DIAGRAM (NAME YOUR DIAGRAM) -->ER DIAGRAM --> CREATE

Step 3: Define and Database ENTITIES

· Add an entity for each Table you identified in the Scenario and Business Need.

Step 4: ADD the required ENTITY ATTRIBUTES  

· Add the required Attributes for each Entity that you feel would help to define each Entity as needed.

· Select one of the attributes to be PRIMARY KEY (PK)

Step 5: Define RELATIONSHIPS

· Use the Crow’s Feet Notation.

· Drag and drop (draw) relationships between the entities you defined.

· Connect the ends to the two entities for each relation.

· Defined the Primary Key for the parent entity.

Step 6: Define CARDINALITY RELATIONSHIP

Set the cardinality for each of your relationships defined in Step 5.  

For MS Visio: select a relationship line in the drawing area that is connecting two entities. In the Database Properties window, select the miscellaneous category. Select the cardinality for the selected relationship.

default image
July 1, 2023
    

Produce an ER Model for the following scenario (presented in Step 1 below) and business need, for the Pythagoras Math Academy.

Deliverables:

· ER Model for the scenario presented.

· You have the option to use MS Visio (if you have the software) to produce your ER Model.

· Alternatively, if you do not have MS Visio, you can use the ERD PLUS (Open source ER Modeling Software) and produce your ER Model.

Lab Steps:

Step 1: Read and understand the Scenario and Business needs presented below. Define and document the ENTITIES, and RELATIONSHIPS, required to address the business needs. The nouns in the scenario below will give the ENTITIES that you will need. Finally, the verbs will describe the RELATIONSHIPS.

Scenario and Business Need:

The Pythagoras Math Academy is in need to develop a database to keep track and control of his students, teachers, and classes offered.

Teachers are able to teach multiple courses. But they are required to be certified on the course they are teaching. For example, only a group of teachers are certified to teach Algebra, and other Geometry.

Students can take multiple courses. Courses are taught by teachers with the proper certification and have multiple certs as needed.  Courses are taught in one of the classrooms at one of the School’s several sites.

Each classroom is optimized to serve the needs for a course (for example some courses might require computer labs and whiteboards). The school needs to keep track of the math courses delivered in each of the sites.

Step 2: For this project, you are required to use MS Visio or ERD PLUS to produce the deliverables.

If you are using MS Visio follow the steps below:

· Open MS Visio

· Click on the Software Database Template in the main window

· Select the Database Model Diagram Template to open a new file.

If you are using ERD PLUS.

· From the ERP PLUS main interface, select DOCUMENTS --> NEW DIAGRAM (NAME YOUR DIAGRAM) -->ER DIAGRAM --> CREATE

Step 3: Define and Database ENTITIES

· Add an entity for each Table you identified in the Scenario and Business Need.

Step 4: ADD the required ENTITY ATTRIBUTES  

· Add the required Attributes for each Entity that you feel would help to define each Entity as needed.

· Select one of the attributes to be PRIMARY KEY (PK)

Step 5: Define RELATIONSHIPS

· Use the Crow’s Feet Notation.

· Drag and drop (draw) relationships between the entities you defined.

· Connect the ends to the two entities for each relation.

· Defined the Primary Key for the parent entity.

Step 6: Define CARDINALITY RELATIONSHIP

Set the cardinality for each of your relationships defined in Step 5.  

For MS Visio: select a relationship line in the drawing area that is connecting two entities. In the Database Properties window, select the miscellaneous category. Select the cardinality for the selected relationship.

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