LEADER ASPIRATION PAPER(LAP) GUIDELINES (200 POINTS) (Read Carefully)Paper Overview: Select a leader who you aspire to be like or whose position you aspire to obtain, who is at least 2levels above your current position. For example if you hold an individual contributor position you must select amanager or above, or if you are a manager, then select a Vice President or above, etc. Interview this […]
Respond to the following question with a minimum of a 100 word response How can the intended audience affect the delivery of a presentation? Establish Presence Presenting gives you an excellent opportunity to connect deeply with your colleagues, your clients, and your other contacts. It allows you to express your views in a rich, two-way environment. As you do with your written communication, you will […]
Type of paperEssay (Any Type) SubjectOther Number of pages4 Format of citationOther Number of cited resources0 Type of serviceWriting Your final task for this week is to write a proposal for essay 2. This proposal is an opportunity for you to think through your current ideas about your essay 2, and to make some preliminary decisions about what you′re going to write about and […]
For this assignment, focus in on the coaching and mentoring techniques you have established for your Individual Development Plan. Through defining both coaching and mentoring, you have a better vision for the necessary techniques to aid in the success of the mentoring process. Review your coaching and mentoring techniques that you brainstormed in your Individual Development Plan outline. Develop a description (1,250-1,500 words) of […]
Must use attached articles for reference and at least one additional reference of your choice. For a minimum of four The Brisson-Banks (2010) article in the required reading for this unit compares the five different change management models presented in this unit. It also describes various situational variables that could influence to each model. Utilizing all of the knowledge accumulated through this unit and the […]
Review the motivational ideas or theories addressed in the readings for Unit III. Using yourself as an example, do you feel that one or more of the ideas or theories are particularly effective in motivating you, or is there a better way you can be motivated? Engage the reader in the topic with some form of creative “hook” (such as a story, quote, or example). […]
please i need this assignment in 16 hours from now The Internet is a network of networks. A software, VisualRoute enables you to see the route/path that your message from your computer (source) to its destination. In this activity, you will use the demo copy of this software. This free download has both Windows and Mac versions. You will download the free 15-day trial to complete this […]
Chapter 11 – Quiz 11 Instructions: There are three (3) topic areas listed below that are designed to measure your knowledge level specific to social issues of community and identity in cyberspace. You must respond to #1 and select any other one of these topic areas providing appropriate responses in essay form. In most cases the topic area has several components. Each must be […]
Core Competencies to Improve Healthcare Review the discussion of the “Core Competencies for a New Vision for Health Professions Education” in your readings in (Rubenfeld & Scheffer, 2015, Box 4-1). Review these core competencies and complete evidence of mastery that includes: a discussion of how these core competencies relate to your particular area of nursing practice specific example(s) that describe how your workplace exemplifies […]
➡️Due 9/18/2020 Just as there is a “formula” or action plan to develop a thesis statement, so too, can you follow a “plan of attack” when brainstorming and developing the main points you want to make in your speech. Ultimately, these main points are featured in the body (or discussion section) of the speech. This is also where you will want to incorporate personal perspective […]
Question 1 of 38
Which of the following is NOT true of an effective accounting system?
The system must accommodate changes in the business over time.
The system must provide minimal benefits at whatever cost is necessary.
The system must work smoothly with your personnel and organizational structure.
The system has internal controls to help the owner(s) control the business.
Question 2 of 38
Which of the following are characteristics of an effective manual accounting system, but NOT characteristics of an effective computerized accounting system?
Flexibility
Control
Compatibility
All of these features are needed by both accounting systems.
Question 3 of 38
A check was written by a business for $329, but recorded in the cash payments journal as $239. How would this error be included on the bank reconciliation?
A deduction on the book side
An addition on the book side
An addition on the bank side
A deduction on the bank side
Question 4 of 38
Which of the following are internal control procedures commonly used by companies to protect their assets?
a) Mandatory vacations for employees
b) The purchase of fidelity bonds on cashiers
c) Both A and B
d) Neither A nor B
Question 5 of 38
Which of the following is the first step in the purchasing and payment process?
The purchaser receives the inventory and prepares a receiving report.
The purchaser sends a purchase order to the supplier.
The supplier ships the goods and sends an invoice to the purchaser.
The purchaser sends a check to the supplier.
Question 6 of 38
Which of the following items does NOT cause a difference in the bank balance and the book balance on a bank reconciliation?
Deposits in transit
Outstanding checks
Canceled checks
Nonsufficient funds checks
Question 7 of 38
Which of the following describes the internal control procedure "separation of duties?"
Cashiers must not have access to accounting records.
The information system is critical.
External auditors will monitor internal controls.
Pre-number invoices and other documents.
Question 8 of 38
Table 9.1
The following information is from the 2008 records of Armadillo Camera Shop:
Accounts Receivable, December 31, 2008$20,000(debit)
Allowance for uncollectible accounts, December 31, 2008, prior to adjustment600(debit)
Net credit sales for 2008 95,000
Accounts written off as uncollectible during 20087,000
Cash sales during 2008 27,000
Refer to Table 9.1. Uncollectible accounts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. Which of the following will be the amount of net accounts receivable after adjustment?
$17,150
$16,550
$17,750
$13,000
Question 9 of 38
Which of the following is the proper accounting treatment for research and development costs?
Research and development costs must be expensed.
Research and development costs must be capitalized and expensed each year to the extent that their value has declined.
Research and development costs must be capitalized and amortized over 70 years or less.
Research and development costs must be capitalized and amortized over 20 years or less.
Question 10 of 38
Which of the following is NOT considered a plant asset?
Building
Copyright
Land
Equipment
Question 11 of 38
Kelly Petroleum Products owns fully depreciated equipment that was purchased for $26,500. The equipment had an estimated useful life of 8 years and an estimated residual value of $2,500. The equipment was sold for $2,700. Which of the following is the correct entry to record the transaction?
Accumulated depreciation 26,500 Cash 2,700 Gain on sale of equipment 2,700 Equipment 26,500
Accumulated depreciation 24,000 Cash 2,700 Gain on sale of equipment 200 Equipment 26,500
Accumulated depreciation 26,500 Cash 2,700 Equipment 23,800
None of the above
Question 12 of 38
Which of the following would be expensed rather than capitalized?
Oil change and lubrication
Major engine overhaul
Addition to storage capacity
Modification for new use
Question 13 of 38
In which of the following periods should the expense for warranty costs be recorded?
The period when the product is repaired or replaced
The period when cash is collected for the sale of the product
The period when cash is paid to repair or replace the product
The period when the product is sold
Question 14 of 38
A company issues two thousand $1,000 bonds at 98. Which of the following is the entry to record this transaction?
A
B
C
D
Question 15 of 38
How much cash will be received if a corporation issues $6,000,000 of 10% bonds at 102?
$6,012,000
$6,000,000
$6,120,000
$5,880,000
Question 16 of 38
Which of the following is TRUE of the statement of cash flows?
The statement of cash flows shows where cash came from and how cash was spent.
The statement of cash flows covers a span of time and is dated "Year Ended Month Day, Year".
The statement of cash flows reports why cash increased or decreased during the period.
All of the above are true of the statement of cash flows.
Question 17 of 38
Which of the following statements about the information included on a statement of cash flows is TRUE?
The statement of cash flows contains information about the business's percentage change in each item of revenue and expense.
The statement of cash flows contains information about the differences between net income and additions to retained earnings.
The statement of cash flows contains information about stock splits and stock dividends distributed by the company.
The statement of cash flows contains information about the business's ability to generate positive cash flows in future periods.
Question 18 of 38
Case 17.3
The following is a summary of information presented on the income statement of HR Flowers for December 31, 2007.
Account 20072006
Net sales revenue $487,000100.00%$500,000
Cost of goods sold400,000 82.14% 395,000
Gross profit 157,00032.24%105,000
Selling and general expenses 70,00014.37%50,000
Net income before income tax expense 87,00017.86%55,000
Income tax expense 24,0004.93%16,500
Net income $ 63,00012.94%$ 38,500
Refer to Case 17.3. What would vertical analysis report with respect to 2007 net sales revenue?
Vertical analysis would report a 2.60% decrease in net sales revenue.
Vertical analysis would report cost of goods sold as 79.19% of net sales revenue.
Vertical analysis would report a dividend yield of $8.20.
Vertical analysis would report net sales revenue as the 100% base amount.
Question 19 of 38
Which of the following ratios is a measure of a company's ability to pay liabilities with current assets?
The day's sales in receivables is a measure of a company's ability to pay liabilities with current assets.
The inventory turnover ratio is a measure of a company's ability to pay liabilities with current assets.
The current ratio is a measure of a company's ability to pay liabilities with current assets.
The acid-test ratio is a measure of a company's ability to pay liabilities with current assets.
Question 20 of 38
Case 17.3
The following is a summary of information presented on the income statement of HR Flowers for December 31, 2007.
Account 20072006
Net sales revenue $487,000100.00%$500,000
Cost of goods sold400,000 82.14% 395,000
Gross profit 157,00032.24%105,000
Selling and general expenses 70,00014.37%50,000
Net income before income tax expense 87,00017.86%55,000
Income tax expense 24,0004.93%16,500
Net income $ 63,00012.94%$ 38,500
Refer to Case 17.3. What would vertical analysis report with respect to 2007 income tax expense?
Vertical analysis would report a $7,500 increase income tax expense.
Vertical analysis would report income tax expense as 27.59% of net income before income tax.
Vertical analysis would report income tax expense as 4.93% of net sales revenue.
Vertical analysis would report a 45.45% increase in income tax expense.
Question 21 of 38
Which of the following are purposes of internal control?
One of the purposes of internal control is to encourage employees to follow company policy.
One of the purposes of internal control is to ensure accurate, reliable accounting records.
One of the purposes of internal control is to safeguard the company's assets.
All of the statements above are true.
Question 22 of 38
A company received a bank statement showing a balance of $62,300. Reconciling items were outstanding checks of $1,450 and a deposit in transit of $8,500. What is the company's adjusted bank balance?
$70,850
$72,250
$60,850
$69,350
Question 23 of 38
Lowery Food Market owns refrigeration equipment that cost $10,000 and has accumulated depreciation of $7,400. The company exchanges the equipment for new equipment worth $12,000. In addition to the old equipment, the company pays $10,000 for the new equipment. Which of the following is the correct entry to record the transaction?
Refrigeration equipment 12,000 Accumulated depreciation 7,400 Loss on exchange of equipment 600 Cash 10,000 Refrigeration equipment 10,000
Refrigeration equipment 10,000 Accumulated depreciation 10,000 Gain on exchange of equipment 600 Cash 12,000 Refrigeration equipment 7,400
Refrigeration equipment 12,000 Accumulated depreciation 7,400 Cash 10,000 Refrigeration equipment 9,400
None of the above
Question 24 of 38
Which of the following is the type of account that represents taxes withheld from employees' gross pay?
Asset
Expense
Contra asset
Liability
Question 25 of 38
Which of the following is the correct order of the sections on a statement of cash flows?
The correct order is operating, financing, investing.
The correct order is investing, operating, financing.
The correct order is operating, investing, financing.
The correct order is financing, investing, operating.
Question 26 of 38
Which of the following ratios is a measure of a company's ability to pay all current liabilities if they come due immediately?
The inventory turnover ratio is a measure of a company's ability to pay all current liabilities if they come due immediately.
The day's sales in receivables is a measure of a company's ability to pay all current liabilities if they come due immediately.
The current ratio is a measure of a company's ability to pay all current liabilities if they come due immediately.
The acid-test ratio is a measure of a company's ability to pay all current liabilities if they come due immediately.
Question 27 of 38
Which of the following is the formula to compute the dividend yield?
The formula is (total stockholders' equity − preferred equity) / number of shares of common stock outstanding.
The formula is annual dividend per share of common stock / market price per share of common stock.
The formula is market price per share of common stock / earnings per share.
The formula is (net income − preferred dividends) / number of shares of common stock outstanding.
Question 28 of 38
Which of the following is a method of establishing control over collections of accounts receivable?
Designate an authorized check signer.
Allow no one but the bookkeeper to handle cash.
Set up a petty cash fund.
Establish a bank lock-box system.
Question 29 of 38
Case 16.1
A company uses the indirect method to prepare the statement of cash flows. It presents the following amounts on its December 31, 2007, financial statements.
December 31, 2006December 31, 2007
Accounts receivable $100,000$110,000
Cost of goods sold 560,000
Sales revenue 830,000
Accounts payable* 67,00075,000
Inventory 105,00086,000
Salary payable 10,00013,000
Salary expense 45,00049,000
*Relates solely to the acquisition of inventory
Refer to Case 16.1. What will appear in the operating activities section related to accounts payable?
The increase of $8,000 will be added to net income.
The increase of $8,000 will be subtracted from cost of goods sold.
The increase of $8,000 will be added to cost of goods sold.
The increase of $8,000 will be subtracted from net income.
Question 30 of 38
Failure to record an accrued liability causes a company to:
understate owners' equity.
understate liabilities.
overstate expenses.
overstate assets.
Question 31 of 38
On December 12, the G. Baker Corporation purchases $13,000 of equipment by issuing a 30-day, 9% note payable. The amount of accrued interest on December 31 is:
$63.
$75.
$65.
$70.
Question 32 of 38
The journal entry to record accrued interest on a short-term note payable must include a debit to:
Interest Expense and a credit to Notes Payable.
Interest Expense and a credit to Interest Payable.
Interest Payable and a credit to Notes Payable.
Interest Payable and a credit to Interest Expense.
Question 33 of 38
Kosovo Company has $45 million in long-term debt, payable in annual installments of $15 million. How much of the debt should be reported as current and as long-term liabilities?
Current Liabilities Long-Term Liabilities
$15 million $30 million
Current Liabilities Long-Term Liabilities
$7.5 million$40 million
Current Liabilities Long-Term Liabilities
$0 million $45 million
Current Liabilities Long-Term Liabilities
$45 million $0 million
Question 34 of 38
Which is the preferred method to use when amortizing a bond discount or premium?
Both straight-line and market-interest rate methods of amortization are equally preferable.
Straight-line method of amortization
Market-interest rate method of amortization
Effective interest method of amortization
Question 35 of 38
On a bond's maturity date, its face value will equal the:
maturity value less all interest payments.
maturity value.
maturity value plus all interest payments.
present value of the bonds on its issuance date.
Question 36 of 38
Bonds with a 6% interest rate were issued when the market rate of interest was 7%. This bond was issued at:
face value.
a premium.
a discount.
par value.
Question 37 of 38
Which of the following is not an advantage of forming a corporation, as opposed to organizing as a partnership or proprietorship?
A corporation is a separate legal entity distinct from its owners.
Ease of transferring ownership
Limited liability of stockholders
Limited taxation
Question 38 of 38
The number of stocks outstanding is the same as the number of stocks:
authorized by the board of directors.
currently in the hands of the stockholders.
ready to be sold to shareholders.
issued to the shareholders.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more