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External link to Question : 101. Bard Manufacturing uses a job order cost accounting system. During : 1225459
Accounting

Question : 101. Bard Manufacturing uses a job order cost accounting system. During : 1225459

  101. Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. If Bard […]

External link to Question : 84.A balance sheet that displays only component percentages called a a. segmented : 1244251
Accounting

Question : 84.A balance sheet that displays only component percentages called a a. segmented : 1244251

84.A balance sheet that displays only component percentages is called a   a. segmented balance sheet. b. common-size balance sheet. c. condensed balance sheet. d. comparative balance sheet.       85.One reason that a common-size statement is a useful tool in financial performance evaluation is that it enables the user to   a. make better comparisons of two companies of different sizes in the […]

External link to Question : 41. _____ refers to the degree to which work units grouped : 1251000
Accounting

Question : 41. _____ refers to the degree to which work units grouped : 1251000

    41. _____ refers to the degree to which work units are grouped based on functional similarity or similarity of work flow.  A. Departmentalization B. Centralization C. Decentralization D. Work-flow analysis Departmentalization refers to the degree to which work units are grouped based on functional similarity or similarity of work flow. It is one among the two most critical dimensions of organization structure along with centralization.     42. What […]

External link to Question : 11) The estimated net realizable method allocates joint costs the : 1186052
Accounting

Question : 11) The estimated net realizable method allocates joint costs the : 1186052

  11) The estimated net realizable method allocates joint costs on the basis of A) expected final sales value less separable costs of production and marketing. B) value added after the split off point. C) sales value less value added after the split off point. D) revenue less all direct manufacturing costs after split off point. E) relative numbers of physical units of each product. […]

External link to Question : 61. Activities that involve the production or purchase of merchandise and : 1256436
Accounting

Question : 61. Activities that involve the production or purchase of merchandise and : 1256436

    61. Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as:  A. Financing activities B. Investing activities C. Operating activities D. Direct activities E. Indirect activities     62. The appropriate section in the statement of cash flows for reporting the receipt of cash dividends from investments in securities is:  A. Operating activities. […]

External link to Question : Multiple Choice Questions 27.One purpose of closing entries to give zero : 1220570
Accounting

Question : Multiple Choice Questions 27.One purpose of closing entries to give zero : 1220570

  Multiple Choice Questions 27.One purpose of closing entries is to give zero balances to   A.asset and liability accounts. B.liability and capital accounts. C.revenue and expense accounts. D.expense and capital accounts. 28.Use the following account balances from the adjusted trial balance of ABCConsulting  Select the correct closing entry that ABCConsulting would make to close their revenue account(s) at the end of the accounting period.   A.debit FeesRevenue […]

External link to Question : 68. Cigna Corporation’s 2010 net income smaller than net cash flow : 1229446
Accounting

Question : 68. Cigna Corporation’s 2010 net income smaller than net cash flow : 1229446

    68. Cigna Corporation’s 2010 net income is smaller than net cash flow from operating activities. Which of the following would not be an explanation of why net income is smaller than net cash flow from operating activities?  A. Cigna paid dividends to shareholders during 2010. B. Cigna’s accounts payable increased during 2010. C. Cigna recognized depreciation expense in 2010. D. Cigna sold equipment at a loss in 2010. […]

External link to Question : 112. On January 3, 2011, total liabilities are: A. $370,000.B. $350,000.C. $300,000.D. $70,000. $90,000 + $260,000 = : 1229667
Accounting

Question : 112. On January 3, 2011, total liabilities are: A. $370,000.B. $350,000.C. $300,000.D. $70,000. $90,000 + $260,000 = : 1229667

    112. On January 3, 2011, total liabilities are:  A. $370,000. B. $350,000. C. $300,000. D. $70,000. $90,000 + $260,000 = $350,000     Ceramic Products, Inc. reports these account balances at January 1, 2009 (shown in alphabetical order):    On January 5, Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable.   113. In a trial balance prepared for Ceramic Products on January […]

External link to Question : 6) Bright Garden Center had the following data for May: Cost : 1177187
Accounting

Question : 6) Bright Garden Center had the following data for May: Cost : 1177187

  6) Bright Garden Center had the following data for May:     Cost Price Retail Price Beginning inventory $1,000 $1,600 Purchases 2,500 4,650 Sales   4,850   The cost of the estimated inventory on May 31 under the retail method is: A) $616. B) $784. C) $1,400. D) $3,500. 7) Chocolate Heaven had the following data for November:     Cost Price Retail Price […]

External link to Question : 31.When assessing the reliability of a measure, one might be : 1243234
Accounting

Question : 31.When assessing the reliability of a measure, one might be : 1243234

    31.When assessing the reliability of a measure, one might be interested in knowing how scores on the measure at one time relate to scores on the same measure at another time. This is called:    A.test-interdependency.   B.test-retest reliability.   C.mutual exclusivity.   D.test utility.   E.test generalizability.     32.Which of the following steps can help an organization increase the reliability of its […]

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1)Identify and briefly describe three out of the six reasons given in the text for attempting to reduce the duration of a project.

2)What is crashing? Include a discussion of crash time and crash cost.

3)You are driving to a project status report meeting with your client. You encountered a significant technical problem on the project that has put your project behind schedule. This is not good news because completion time is the number one priority for the project. You are confident that your team can solve the problem if they are free to give their undivided attention to it and that with hard work you can get back on schedule. You also believe if you tell the client about the problem, she will demand a meeting with your team to discuss the implications of the problem. You can also expect her to send some of her personnel to oversee the solution to the problem. These interruptions will likely further delay the project. What should you tell your client about the current status of the project?

4)You are managing the renovation of the Old Princeton Landing Bar and Grill. The project is on schedule despite receiving a late shipment of paint. The paint was supposed to arrive on 1/30, but instead arrived on 2/1. The assistant store manager apologizes profusely for the delay and asks if you would be willing to sign the acceptance form and backdate it to 1/30. He says he won’t qualify for a bonus that he has worked hard to meet for the past month if the shipment is reported late. He promises to make it up to you on future projects. What would you do and why?

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July 1, 2023
    

1)Identify and briefly describe three out of the six reasons given in the text for attempting to reduce the duration of a project.

2)What is crashing? Include a discussion of crash time and crash cost.

3)You are driving to a project status report meeting with your client. You encountered a significant technical problem on the project that has put your project behind schedule. This is not good news because completion time is the number one priority for the project. You are confident that your team can solve the problem if they are free to give their undivided attention to it and that with hard work you can get back on schedule. You also believe if you tell the client about the problem, she will demand a meeting with your team to discuss the implications of the problem. You can also expect her to send some of her personnel to oversee the solution to the problem. These interruptions will likely further delay the project. What should you tell your client about the current status of the project?

4)You are managing the renovation of the Old Princeton Landing Bar and Grill. The project is on schedule despite receiving a late shipment of paint. The paint was supposed to arrive on 1/30, but instead arrived on 2/1. The assistant store manager apologizes profusely for the delay and asks if you would be willing to sign the acceptance form and backdate it to 1/30. He says he won’t qualify for a bonus that he has worked hard to meet for the past month if the shipment is reported late. He promises to make it up to you on future projects. What would you do and why?

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July 1, 2023
    

1)Identify and briefly describe three out of the six reasons given in the text for attempting to reduce the duration of a project.

2)What is crashing? Include a discussion of crash time and crash cost.

3)You are driving to a project status report meeting with your client. You encountered a significant technical problem on the project that has put your project behind schedule. This is not good news because completion time is the number one priority for the project. You are confident that your team can solve the problem if they are free to give their undivided attention to it and that with hard work you can get back on schedule. You also believe if you tell the client about the problem, she will demand a meeting with your team to discuss the implications of the problem. You can also expect her to send some of her personnel to oversee the solution to the problem. These interruptions will likely further delay the project. What should you tell your client about the current status of the project?

4)You are managing the renovation of the Old Princeton Landing Bar and Grill. The project is on schedule despite receiving a late shipment of paint. The paint was supposed to arrive on 1/30, but instead arrived on 2/1. The assistant store manager apologizes profusely for the delay and asks if you would be willing to sign the acceptance form and backdate it to 1/30. He says he won’t qualify for a bonus that he has worked hard to meet for the past month if the shipment is reported late. He promises to make it up to you on future projects. What would you do and why?

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