This website uses cookies to ensure you have the best experience. Learn more

Account Final Essay

1801 words - 8 pages

(TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5) |
       Reduced legal liability for investors
       Harder to transfer ownership
       Lower taxes
       Most common form of organization
|
Question 2. 2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5) |
       the most common form of distribution is a cash dividend
       the Dividends account will be increased with a credit
       the Retained Earnings account will be directly increased with a debit
       the Dividends account will be decreased with a debit
|
Question 3. 3. (TCOs A, B) Below is a partial list of ...view middle of the document...

If the price of goods has increased during the period, then the company using _____. (Points : 5) |
       LIFO will have the highest ending inventory
       FIFO will have the highest cost of goods sold
       All three companies will have the same value for ending inventory.
       average cost will have an ending inventory value that falls between FIFO and LIFO
|
Question 6. 6. (TCO A, E) Equipment was purchased for $17,000 on January 1, 2006. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $3,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2007, if the straight-line method of depreciation is used? (Points : 5) |
       $6,680
       $3,340
       $2,860
       $5,720
|
Question 7. 7. (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5) |
       debit to Cash of $500,000
       credit to Discount on Bonds Payable for $20,000
       credit to Bonds Payable for $480,000
       debit to Cash for $480,000
|
Question 8. 8. (TCO C) Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $240,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____. (Points : 5) |
       $240,000
       $250,000
       $310,000
       $230,000
|
Question 9. 9. (TCO F) If you are comparing the 2010 income statement numbers with the income statement numbers from 2009 and 2008, you are conducting a _____. (Points : 5) |
       common-size analysis
       horizontal analysis
       vertical analysis
       ratio analysis
|
Question 10. 10. (TCO F) Comparisons of data within a company are an example of the following comparative basis. (Points : 5) |
       Industry averages
       Intercompany
       Intracompany
       Interregional
|
Question 11. 11. (TCO F) Ratios are most useful in identifying _____. (Points : 5) |
       trends
       differences
       causes
       relationships among different numbers
|
Question 12. 12. (TCO F) A common measure of liquidity is _____. (Points : 5) |
       return on assets
       current ratio
       profit margin
       debt to equity
|
Question 13. 13. (TCO F) Return-on-assets ratio is most closely related to _____. (Points : 5) |
       profit margin and debt-to-total-assets ratio
       profit margin and asset-turnover ratio
       times interest earned and debt-to-stockholders equity ratio
       profit margin and free cash flow
|
Question 14. 14. (TCO G) To calculate the market value of a bond, we need to use...

Other Papers Like Account Final

Case Study

357 words - 2 pages Quincy Ambe 9/29/15 ENG2010 Final Draft There are numerous ways to ensure that as a marketing major, you are infact well prepared for an upcoming job interview. Marketing is about chemistry. Chemistry between a company and consumer that is carefully built after periods of research, strategizing, and campaigning. During your job interview, you need to be sure that you market yourself properly to create that chemistry between you and the

Organizational Behaviour Essay

434 words - 2 pages : Our team has decided to distribute the assignment work on a rotational basis. We would take into account the personal commitments of each team member and come up with suitable timelines as to when each one can take the responsibility of submitting the assignments. Mutual respect: As mentioned in the common objectives and work organization sections, we would identify the strengths of the team members and also availability and time commitments of

Myob

3898 words - 16 pages team from MYOB Limited of Australia. Acclivity will now drive global development of MYOB's Mac OS business management products – Account Edge Basic, Account Edge Pro and Account Edge Pro Network Edition. In January 2009, a private equity consortium led by Archer Capital completed a takeover bid for MYOB, returning MYOB to private ownership. On 21 August 2011, Archer Capital sold MYOB to Bain Capital for an undisclosed amount. The acquisition gives

Management

308 words - 2 pages . Many products go through various cycles namely introduction, growth, maturity and declining stage that is the end of their usefulness in a specific market. Once the product reaches the final stage, maturity in a given market, the same product can be introduced in a different market where the product was never marketed before. -------Exporting Challenges While the advantages of exporting by far outweigh the disadvantages, small and medium

Airline Industry

303 words - 2 pages Airlines also earn revenue from transporting cargo, selling frequent flier miles to other companies and up-selling in flight services. But the largest proportion of revenue is derived from regular and business passengers. For this reason, it is important that you take consumer and business confidence into account on top of the regular factors that one should consider like earnings growth and debt load. (For more about the consumer confidence

Emerging Markets

1579 words - 7 pages economies as commodity consumers; 2. [changes in external accounts and capital flows] Large current account surpluses, accumulation of foreign exchange reserves, capital exports 3. Policy initiatives in promoting regional co-operation (still weak till now) 1- fundamental changes in Asia’s industrial structure and regional division of labour (China entered WTO in 2001, FDI grew dramatically, producers move final stages of production to China

Fin 571 Final Exam Latest Online Homework Help

1801 words - 8 pages FIN 571 Final Exam Latest Online HomeWork Help Multiple Choice Question 51 You are provided the following working capital information for the Ridge Company: Ridge Company Account $ Inventory $12,890 Accounts receivable 12,800 Accounts payable 12,670 Net sales $124,589 Cost of goods sold 99,630 Cash conversion cycle: What is the cash conversion cycle for Ridge Company? • 38.3 days • 46.4 days • 83.5 days • 129.9

Fin 575 Final Exam

1316 words - 6 pages than $0, accept the project. • If the IRR is equal to 0%, reject the project. • If the NPV is equal to the discounted payback, accept the project. University of Phoenix Final Exam Study Guide FIN 575 Final Exam 6. The risk response plan answers what question? • What can be done if risk occurs? What is the backup plan? • What are project costs? • There is no need to plan for risk seldom occurs in a project. • How risk is to be managed

Adam

531 words - 3 pages BMGT 364: RESEARCH EXPERIENCE (Spring 2015) In order for you to understand the role of academic research in management, you will have the opportunity to participate in research sessions during the course of the semester for a total of 3 hours. Completion of the three hours will be worth 2% of your final grade. The research sessions for this course are separate from research sessions you participate in for other courses. There will be only

Strenghts

417 words - 2 pages There are four pricing strategies that Atlantic Computer can choose from, each of these alternatives have positive and negative aspects, so I’m going to evaluate the four of them: status-quo pricing, competition-based pricing, cost-plus pricing and value-in-use pricing. The final recommendation is based on the points of differentiation between the Atlantic Bundle and its competition Zink Server (Ontario Computer). a. Stick with the traditional

Fmcg- Latest Trends

409 words - 2 pages affected both real wages and sentiment. Ace of growth has slowed down . Private final consumption expenditure (PFCE), an official estimate of consumer spending, slowed to 3.68%, according to India Ratings, a part of the Fitch Group. Emerging segments and trade channels Channels including modern trade (comprising hypermarkets and supermarkets) account for 5-7% of the overall retail market and are expected to double to 10-12% in the next three

Related Essays

Variables Essay

334 words - 2 pages The net realizable value method. The NRV method allocates joint costs on the basis of the final sales value less separable costs. Plus the final sales value is simply the price tag. That price tag is paid by the customer. That price is paid after all production costs, whether they are joint costs or separable costs incurred after splitoff. The NRV method also does a good job of matching the benefit received (final sales value) with

Check Essay

431 words - 2 pages the following refunds. Use the ending balance from question E to determine the final balance in the checking account. NOTE: The checks are setup for you to manually type the necessary information to successfully complete the assignment. A. Ms. Patty Bailey should receive a refund in the amount of $34.55 for an overpayment. Use check #5652. [pic] B. Write a check for Julie Smithy for $224.12. Her insurance company paid more

Report On Mercantile Bank Limited

4928 words - 20 pages Bangladeshi nationals increased by 11.8 percent in fiscal year 2005. Although the country’s external current account balance swung from surplus that led to further accretion to foreign exchange reserves. Foreign exchange reserves stood at USD2.93 billion at the end of fiscally year 2005. . Methodology Followed Methodology Followed For preparing the report I have used both primary data and secondary data. Different officials of Main

Account Essay

4440 words - 18 pages receivable and revenue. When the adjustments were made the total for each pair of columns, debit and credit, should equal each other which have shown accuracy at this time. D2 The value of a set of final account is a really valuated part for a company. This is due in first place because they can be used as a way to keep score. Furthermore, businesses find it very important and primordial to keep the set of final accounts through an accurate