71. U.S. GAAP specifies criteria for a capital lease. Which of the following is not one of the criteria? A. The lease transfers ownership of the leased asset to the lessee at the end of the lease term.B. Transfer of ownership at the end of the lease term seems likely because the lessee has a bargain purchase option. C. The lease extends for at least 75% of the […]
151. Acme Company had equity of $55,000 at the end of the current year. During the year the company had a $2,000 net loss and investments by owners in exchange for stock of $7,000. Compute equity as of the beginning of the year. A. $5,000 B. $46,000 C. $50,000 D. $52,000 E. $64,000 152. Rent expense that is paid with cash appears on which of the following statements? […]
8.7 Questions 1) The process of allocating the cost of natural resources is called depletion. 2) Computing depletion expense is much like computing depreciation under the straight-line method. 3) In computing depletion expense, salvage value is not part of the computation. 4) Items such as minerals are considered natural resources. 5) Pegasus Corporation purchased a vein of coal ore for $3,500,000. It is estimated […]
21.Delvin Co. uses the percentage of credit sales approach in estimating its bad debt expense. The total estimate that is calculated by multiplying the percentage times the net sales revenue for the period will be equal to a. the debit balance required in the allowance for doubtful accounts after the recognition of bad debts expense. b. the credit balance required in the allowance for […]
31.To determine the amount to be deposited in a bank today to grow to $5,000 three years from now at 7% which table should be used? A. Present value of 1. B. Future value of 1. C. Present value of an annuity. D. No table is required, just multiply $5,000 by 1.07. 32.Anthony Driver wants to buy a new car […]
84. A statement of stockholders’ equity discloses each of the following except: A. The market value of the stockholders’ equity at the end of the year. B. The cost of treasury stock owned at the end of the year. C. Net income for the current year. D. The amount of cash dividends declared during the current year. 85. Which of the following items would be included in […]
173.Freeze Frame, Inc. produces cameras that require three processes, A, B, and C, to complete. Digital camera model #789 is the best-selling of all the many types of cameras produced. Information related to the 550,000 units of digital camera model #789 produced annually is shown below: Direct materials$450,000 Direct Labor Department A (7,000 DLH × $21 per DLH)$147,000 Department B (25,000 DLH × $19 […]
21. The percentage-of-sales procedure arises from the idea that uncollectible amounts will vary with the volume of credit business. The firm estimates the appropriate percentage by studying its own experience or by inquiring into the experience of similar firms. Default rates generally fall within the range of .01% to .02% of credit sales. 22. The percentage-of-completion method measures the proportion of total work carried […]
61.When it comes to complex jobs, the fact that the worst and best performers tend to leave more frequently than those at the average suggests a _____ relationship between past performance and future turnover. A.horizontal B.nonlinear C.diagonal D.circular E.curvilinear 62.Which of the following best describes job withdrawal? A.It refers to employers discharging employees from jobs that are […]
89.Profit margin is defined as: A.Revenues divided by net sales. B.Net sales divided by assets. C.Net income divided by net sales. D.Net income divided by assets. E.Net sales divided by net income. 90.A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is: A.3%. B.30%. C.33%. D.333%. E.$7,000. 91.All of the following statements regarding profit […]
1. Covid was the most collaborative care that come to my mind. Covid came and changed the world and healthcare as we had known it to be forever. Having to provide care to patients that were sick with a disease we knew little about. Starting of Covid it combined every level of healthcare professionals to care for the sick patients. That includes nurses, cna, doctors, dietary, environmental services, spiritual support and family. The care was coordinated as a team. The doctors made the ultimate decisions nurses and cna's did the hard part because the doctors didn't want to go into the rooms to access the patients. The nurses role was heavy. They had to stay up to date on covid numbers, l PPE, crash carts ready, staff properly wearing the protective gear needed, assessing patients, consulting with doctors, respiratory, deal with family and most of all scared patients. We one patient that was a frequent flyer he would come at lease twice a week stay a day and leave AMA. He suffered mental illness. Sadly, he was one that was very friendly. Would always come and make sure he spoke to us all. He was one of the first covid patients to come to the icu. We all worked together to do everything we could. He would spike fevers of 105 and higher, sweating, crying from the pain in his muscles. We as a team was still learning what covid was itself. So we all came together and agreed that we will take turns accessing him. He coded three times over the course of a week. We were down and devastated. We came together and bounced ideas of interventions that can ease the pain. The goal was keep the fever down and monitor very closely. Well we didn't think he would make it but he did. I wouldn't have done anything differently because that showed us that all levels of healthcare are important when making a decision on patient centered care.
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