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External link to Question : 71. What the effect the financial statements when a company fails : 1228505
Accounting

Question : 71. What the effect the financial statements when a company fails : 1228505

  71. What is the effect on the financial statements when a company fails to accrue revenue earned at year-end?  A. Net income is understated and assets are understated. B. Revenue is understated and stockholders’ equity is overstated. C. Revenue is understated and assets aren’t affected. D. Net income is understated and liabilities are overstated. 72. On December 31, 2011, Krug Company reported pretax income of $120,000 prior to the following […]

External link to Question : Learning Objective 5-1 1) The operating cycle for a merchandising firm : 1253232
Accounting

Question : Learning Objective 5-1 1) The operating cycle for a merchandising firm : 1253232

    Learning Objective 5-1   1) The operating cycle for a merchandising firm is ________. A) obtain cash from stockholders, invest cash in equipment, earn more cash B) borrow cash from lenders, earn cash from customers, repay lenders C) start with cash, buy inventory, sell inventory to customers, collect cash from customers D) issue stock to owners, earn a profit, pay dividends to owners […]

External link to Question : 131.During the current year, Atkins, Inc. sold a parcel of : 1237497
Accounting

Question : 131.During the current year, Atkins, Inc. sold a parcel of : 1237497

    131.During the current year, Atkins, Inc. sold a parcel of land for $840,000 cash. The land had been purchased by Atkins several years ago for $410,000. Atkins, Inc. uses the indirect method to prepare its statement of cash flows. In order to reconcile net income to net cash flow from operating activities, net income must be:    A. Decreased by $410,000.   B. Decreased by $430,000. […]

External link to Question : 102. During the period, labor costs incurred account amounted to $250,000 : 1226840
Accounting

Question : 102. During the period, labor costs incurred account amounted to $250,000 : 1226840

    102. During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead charged to production was $23,000. From the following, select the entry to record the direct labor costs.  A. Work in Process                  200,000    Wages Payable                                       200,000 B. Work in Process                  250,000    Wages Payable                                       250,000 C. Wages Payable                   250,000   Work in Process                                       250,000 D. Wages […]

External link to Question : 21) When the investment readily convertible to cash and the : 1230240
Accounting

Question : 21) When the investment readily convertible to cash and the : 1230240

  21) When the investment is readily convertible to cash and the investor plans to convert the investment to cash within one year, the investment is shown on the balance sheet as: A) short-term. B) long-term. C) equity. D) either long-term or short-term.   22) The following is the proper order for assets on a balance sheet: A) Cash, intangibles, inventories, and long-term investments. B) […]

External link to Question : 41. A(n) _____ entry used to record the effects of an : 1230512
Accounting

Question : 41. A(n) _____ entry used to record the effects of an : 1230512

    41. A(n) _____ entry is used to record the effects of an event or transaction that was not previously recorded.   A. correcting B. reversing C. closing D. adjusting E. t-account   42. A _____ is used to record properly the effects of an event or transaction that was improperly recorded during the accounting period.  A. reversing entry B. preliminary entry C. closing entry D. correcting entry E. none of the above   43. _____ accounts […]

External link to Question : 153.Trimble Company began business July 1. They use the perpetual : 1258272
Accounting

Question : 153.Trimble Company began business July 1. They use the perpetual : 1258272

  153.Trimble Company began business on July 1. They use the perpetual inventory method. The following transactions involving purchases and cash disbursements occurred during the first week of July.   July 4Purchased $25,000 of merchandise inventory on credit from the Fort City Company, terms 2/10, n/30. Invoice dated July 1. July 5Purchased $12,000 of merchandise inventory on credit from the Phoenix Company, terms 2/10, n/30. […]

External link to Question : 38. The basic purpose of an audit to: A. Assure financial statements in : 1229336
Accounting

Question : 38. The basic purpose of an audit to: A. Assure financial statements in : 1229336

    38. The basic purpose of an audit is to:  A. Assure financial statements are in conformity with GAAP. B. Provide as much useful information to decision makers as possible, regardless of cost. C. Record changes in the financial position of an organization by applying the concepts of double entry accounting. D. Meet an organization’s need for accounting information as efficiently as possible.   39. The accounting systems of most […]

External link to Question : 26) M. Smuts showed a net income of $6,000. The : 1177397
Accounting

Question : 26) M. Smuts showed a net income of $6,000. The : 1177397

  26) M. Smuts showed a net income of $6,000. The entry to close the Income Summary account would include a: A) debit to M. Smuts Capital, $6,000. B) credit to M. Smuts Capital, $6,000. C) debit to Income Summary, $6,000. D) Both B and C are correct.   27) J. Oros showed a net loss of $3,200. The entry to close the Income Summary […]

External link to Question : 33. Peacock Company sells its product for $100 per unit. The : 1208166
Accounting

Question : 33. Peacock Company sells its product for $100 per unit. The : 1208166

  33. Peacock Company sells its product for $100 per unit. The company’s accountant provided the following cost information:    What is Peacock Company’s contribution margin ratio?  A. 60% B. 70% C. 30% D. 40% 34. Zero, Inc. produces a product that has a variable cost of $7.00 per unit. The company’s fixed costs are $40,000. The product sells for $12.00 a unit and the company desires to earn a $20,000 […]

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July 1, 2023
    

 

Chapter 15 – From the week's chapter reading, we learn from the author's case studies that, despite the alleged importance of scientific advice in the policy-making process, its evident that scientific results are often not used.  Why? The authors proposed a science-policy interface that would be realized by the inclusion of information visualization in the policy analysis process.  That way, the gap between both fields can be addressed based on the current challenges of science-policy interfaces with visualizations. 

Q1: According to Shneiderman and Bederson (2003), information visualization emerged from research in human-computer interaction, computer science, graphics, visual design, psychology, and business.  With this revelation in mind, identify, and discuss the benefits?

 

Chapter 16 – Following the chapter reading, the authors assert that the twentieth century is considered as the century of population explosion and fossil fuels burning, environmental policies and the transition to effective use of renewable energy sources as a priority with a strategic focus on specific countries around the world.  In addition, this move has created several different projects whose main focus is to formulate policies associated with climate change and energy governance.  Many of the policies and projects identified aim to support the energy sources switching between fuels like fossils and nuclear power to renewables like solar, wind, and or water.  Specifically, the chapter provides the foundations of policy implementation, and methods as well investigations of five policy implementation case studies through a comparative analysis. 

Q2: Looking further into the chapter, theoretical grounds of policy implementation, Buse et al., (2012) argue that policy implementation is the execution of a formulated policy – turning theory into practice.  When turning theory into practice, the authors stated that it was common for certain observations.  What are those observations?  Briefly identify, and provide a brief discussion for each observation.  

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July 1, 2023
    

 

Chapter 15 – From the week's chapter reading, we learn from the author's case studies that, despite the alleged importance of scientific advice in the policy-making process, its evident that scientific results are often not used.  Why? The authors proposed a science-policy interface that would be realized by the inclusion of information visualization in the policy analysis process.  That way, the gap between both fields can be addressed based on the current challenges of science-policy interfaces with visualizations. 

Q1: According to Shneiderman and Bederson (2003), information visualization emerged from research in human-computer interaction, computer science, graphics, visual design, psychology, and business.  With this revelation in mind, identify, and discuss the benefits?

 

Chapter 16 – Following the chapter reading, the authors assert that the twentieth century is considered as the century of population explosion and fossil fuels burning, environmental policies and the transition to effective use of renewable energy sources as a priority with a strategic focus on specific countries around the world.  In addition, this move has created several different projects whose main focus is to formulate policies associated with climate change and energy governance.  Many of the policies and projects identified aim to support the energy sources switching between fuels like fossils and nuclear power to renewables like solar, wind, and or water.  Specifically, the chapter provides the foundations of policy implementation, and methods as well investigations of five policy implementation case studies through a comparative analysis. 

Q2: Looking further into the chapter, theoretical grounds of policy implementation, Buse et al., (2012) argue that policy implementation is the execution of a formulated policy – turning theory into practice.  When turning theory into practice, the authors stated that it was common for certain observations.  What are those observations?  Briefly identify, and provide a brief discussion for each observation.  

default image
July 1, 2023
    

 

Chapter 15 – From the week's chapter reading, we learn from the author's case studies that, despite the alleged importance of scientific advice in the policy-making process, its evident that scientific results are often not used.  Why? The authors proposed a science-policy interface that would be realized by the inclusion of information visualization in the policy analysis process.  That way, the gap between both fields can be addressed based on the current challenges of science-policy interfaces with visualizations. 

Q1: According to Shneiderman and Bederson (2003), information visualization emerged from research in human-computer interaction, computer science, graphics, visual design, psychology, and business.  With this revelation in mind, identify, and discuss the benefits?

 

Chapter 16 – Following the chapter reading, the authors assert that the twentieth century is considered as the century of population explosion and fossil fuels burning, environmental policies and the transition to effective use of renewable energy sources as a priority with a strategic focus on specific countries around the world.  In addition, this move has created several different projects whose main focus is to formulate policies associated with climate change and energy governance.  Many of the policies and projects identified aim to support the energy sources switching between fuels like fossils and nuclear power to renewables like solar, wind, and or water.  Specifically, the chapter provides the foundations of policy implementation, and methods as well investigations of five policy implementation case studies through a comparative analysis. 

Q2: Looking further into the chapter, theoretical grounds of policy implementation, Buse et al., (2012) argue that policy implementation is the execution of a formulated policy – turning theory into practice.  When turning theory into practice, the authors stated that it was common for certain observations.  What are those observations?  Briefly identify, and provide a brief discussion for each observation.  

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