Floriculture: Designing & Merchandising 2nd Edition Dr. Charles P. Griner - Solutions

Unlock the full potential of your floriculture studies with our comprehensive solutions for "Floriculture: Designing & Merchandising 2nd Edition" by Dr. Charles P. Griner. Access the online answers key and solutions manual for all your textbook questions, providing step-by-step answers and solved problems to enhance your learning experience. Our resources include a test bank and chapter solutions that guide you through each concept with ease. Whether you're looking for an instructor manual or solutions in PDF format, we have everything you need for success. Discover the convenience of a free download and master floriculture with our expertly crafted questions and answers.

(S.O. 6) Which of the following basic accounting assumptions is threatened by the existence of severe 4 inflation in the economy?A. Monetary unit assumption.B. Periodicity assumption.G Going-concern assumption.Dz Economic entity assumption.
(S.O. 6) In accounting an economic entity may be defined as:a business enterprise.an individual.a division within a business enterprise.CaS all of the above.¢
(S.O. 6) Continuation of an accounting entity in the absence of evidence to the contrary is an example of the basic concept of Consistency Going Concern A. No No B. Wie Noc. No WES») hYies nies
(S.O. 6) The economic entity assumption in accounting is best reflected by which of the following statements?A. When a parent and subsidiary company are merged for accounting and reporting purposes the economic entity assumption is violated.B: The best way to truly measure the results of enterprise
(S.O. 5) According to the FASB Conceptual Framework, the elements—assets, liabilities, and equity—describe amounts of resources and claims to resources at/during a Moment in Time Period of Time A. Yes No Be Yes Wies iG; No Yes D. No No
(S.O. 5) According to the FASB conceptual framework, equity is the residual interest in the assets of an entity that remains after deducting its liabilities.is the same thing as comprehensive income.is the net gains less the net loses for a period of time.VAS is the net revenues and expenses for a
(S.O. 5) Comprehensive income includes all changes in equity during a period except:A. sale of assets other than inve Dae GREH anes OYO FG IRO RGRREN OA C.p:sales to a particular entity where ultimate payment by the entity is doubtful.those resulting from revenue generated by a totally owned
(S.O. 4) The major objective of the quality of comparability ist o:A. provide timely financial information for statement users. B _promote comparability between financials tatements ofdi fferenta ccounting periods.©: enable users to identify the real similarities and differences in economic events
(S.O. 4) If accounting information is complete, free from error, and neutral, it can be considered:A. relevant B. timely.©: comparable.D. a faithful representation.
(S.O. 4) Ingredients of faithful representation are Free from Completeness Neutrality Error A Yes Res Yes B Yes No Yes C No No No D No Yes No
(S.0. 4) Which of the following is a characteristic describing the primary quality of relevance?A. Materiality.B. Predictive value.c. Verifiability.D. Understandability.
(S.0.4) Which of the following violates the concept of faithful representation?A. The management report refers to new discoveries and inventions made, but the financial 9) statements never report the results.Bs Financial statements included buildings with a carrying amount estimated by
(S.O. 1) Which of the following is not a benefit associated with the FASB Conceptual Framework Project?A. A conceptual framework should increase financial statement users' understanding of and confidence in financial reporting.B. Practical problems should be more quickly solvable by reference to an
(S.O. 8) The conservatism convention allows for the reporting of financial information in any manner ¢the accountant desires when there is doubt surrounding a particular issue.
(S.O. 8) The basis for determining whether an item is material is based on both quantitative and qualitative factors.
(S.O. 8) When an amount is determined by the accountant to be immaterial in relation to other amounts reported in the financial statements, that amount may be deleted from the financial statements.
(S.O. 8) The difficulty in applying the cost constraint is that the costs and especially the benefits are not always evident or measurable.
(S.O. 7) The notes to financial statements generally summarize the items presented in the main body of the statements.
(S.O. 7) The full disclosure principle states that information should be provided when it is of sufficient importance to influence the judgment and decisions of an informed user.
(S.O. 7) Period costs such as officer salaries and administrative expenses attach to the product and are carried into future periods if the revenue from the product is recognized in subsequent periods.
(S.O. 7) Under the expense recognition principle, it is possible to have an expense reported on the income statement in one period and the cash payment for that expense reported in another period.
(S.O. 7) Period costs such as officer salaries and administrative expenses attach to the product and are carried into future periods if the revenue from the product is recognized in subsequent periods.
(S.O. 7) Under the expense recognition principle, it is possible to have an expense reported on the income statement in one period and the cash payment for that expense reported in another period.
(S.O. 7) Generally, confirmation of a sale to independent interests is used to indicate the point at — 4 which revenue is recognized.
(S.O. 7) If Company A wishes to acquire an asset owned by Company B, the cost principle would require Company A to record the asset at the original cost to Company B.
(S.O. 6) The periodicity assumption is a result of the demands of various financial statement user groups for timely reporting of financial information.
(S.O. 6) The monetary unit assumption means that money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis.
(S.O. 6) The going-concern assumption is generally applicable in most business situations unless liquidation appears imminent.
(S.O. 6) The economic entity assumption is useful only when the entity referred to is a profit-seeking business enterprise.
(S.O. 5) The three elements—assets, liabilities, and equity—describe transactions, events, and circumstances that affect an enterprise during a period of time. 9 Qk OQ, wuOMWUW Of TUM
(S.O. 5) The fact that equity represents an ownership interest and a residual claim against the net assets of an enterprise means that in the event of liquidation, creditors have a priority over owners in the distribution of assets.
(S.O. 4) Adherence to the concept of consistency requires that the same accounting principles be applied to similar transactions for a minimum of five years before any change in principle is adopted.
(S.O. 4) Information that has been measured and reported in a similar manner for different enterprises is considered comparable.
(S.O 2) To be relevant, accounting information must be capable of making a difference in a decision.
(S.O. 2) Relevance and reliability are the two primary qualities that make accounting information useful for decision making.
(S.O. 2) Accounting theory is developed without consideration of the environment within which it exists.
(S.O. 1) Use of a sound conceptual framework in the development of accounting principles will make financial statements of all entities comparable because alternative accounting methods for similar transactions will be eliminated.
(S.O. 1) A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature, function, and limits of financial accounting and financial statements.==1.(S.O. 1) A conceptual framework underlying financial
(S.O. 7) The International Accounting Standards Board (IASB) constantly battles the U.S. and its GAAP.
(S.O. 6) The Codification provides in one place all the authoritative literature related to a particular topic of GAAP.
(S.O. 6) Generally accepted accounting principles (GAAP) are defined, in part, as those principles |that have substantial authoritative support.
(S.O. 5) The Public Company Accounting Oversight Board (PCAOB) oversees the development of auditing standards.
(S.O. 5) The AICPA has had a diminished role in the Standard setting process after the passage of the Sarbanes-Oxley Act of 2002.
(S.O. 5) FASB Staff Positions provide interpretive guidance and also minor amendments to standards and interpretations, but do not have the same authority as standards and interpretations.
(S.O. 5) All those who serve on the FASB must be Certified Public Accountants.
(S.O. 5) The Accounting Principles Board (APB) was replaced in 1973 by the Financial Accounting Standards Board (FASB), which now is primarily responsible for setting accounting standards.
(S.O. 5) The major purpose of the APB during its 13-year existence was to develop a single set of accounting standards useful to all business entities.
(S.O. 5) The difference between Accounting Research Bulletins (ARBs) and Accounting Principles Board Opinions is that ARBs deal with accounting theory and the APB Opinions deal with accounting practice.
(S.O. 5) The Securities and Exchange Commission (SEC) sets accounting standards for companies that do work for the government.
(S.O. 5) The SEC has been the principal organization in the development of accounting standards.
(S.O. 4) The accounting profession has attempted to develop a set of standards so each enterprise can develop their own standards.
(S.O. 3) One of the objectives of financial reporting is to provide information that is useful in assessing cash flow prospects of the entity being reported on.
(S.O. 3) An entity perspective generally views companies as separate and distinct from the owners(present shareholders).
(S.O. 2) An effective process of capital allocation is not important to a healthy economy.
(S.O. 1) Financial accounting is the process that culminates in the preparation of financial reports on an enterprise and that are used by both internal and external parties.
(S.O. 1) The essential characteristics of accounting include identification and measurement.
Explain the importance of subscribing to professional trade publications.
Why is it important for a florist to be a member of professional organizations and certification programs?
Why is a good delivery service important to a florist?
What training should a prospective delivery person receive?
Make a list of job requirements for a delivery person.
Why should sales people be knowledgeable about the flower shop’s delivery procedures?
If the recipient of an order is not home, the flowers should always be returned to the shop.
Cardboard boxes and sandbags may be used to support arrangements during delivery.
A zoning system groups flowers to be delivered by other florists.
A control board is used to organize deliveries.
When loading a delivery vehicle, the last item to be delivered should be placed in the delivery vehicle last.
Many florists do not charge for deliveries to hospitals and funeral homes.
Communication skills are not important to the delivery person as long as he or she is a good driver.
The appearance of the individual hired as a delivery person is not important since he or she is not seen in the shop.
The delivery person often has in-store responsibilities as well as delivery duties.
Because of the expense, very few flower shops today offer a delivery service.
What is the purpose of an artistic display?
List the secondary purposes of display.
Briefly explain how a display can attract attention.
List the four purposes of display.
Distinguish the difference between visual merchandising and display.
A wire service is a clearinghouse for floral orders.
Always repeat a description of an order to the customer.
Objections and questions from a customer should be viewed as negative feedback.
People buy flowers to gain recognition.
The greeting approach is used when a customer is examining a specific item for sale.
The service approach is best when greeting a customer who is in a hurry.
Because customers usually know what they want when calling a florist, little training is needed to be a salesperson in a flower shop.
A salesperson must be knowledgeable about flowers as well as good sales techniques.
When a salesperson is taking a telephone order, being friendly is not important as long as the salesperson is efficient and obtains all needed information.
Only a small percentage of the orders received by a retail florist are over the telephone.
What is meant by nesting pricing?
What is meant by leader pricing?
Calculate the retail selling price of a basic arrangement using the materials listed below by three different pricing strategies.
A customer orders a $35.00 sympathy spray. Determine the wholesale value of the flowers and materials that can be used in the spray using the ratio markup method.
What would be the selling price for an arrangement with a wholesale value of $8.25, using divisional pricing?
What is a key selling point for potted plants versus cut flowers?
Name two types of preformed pot covers.
What is the advantage of using speed covers instead of foil?
What is a pot-et-fleur?
How would you convince a customer to purchase a plant in a jardiniere even though it costs more?
A bowa. must always be made with a wide ribbon.b. can be inserted in a plant from the top or the side.c. is an expensive decoration for a plant.d. must be made of cloth.
If the soil is visible after covering a pot, use ___________ to cover the soil.a. clearphanec. Spanish mossb. sheet mossd. both b and c
The most attractive side of the plant is also called the ____________ of the plant.a. headc. faceb. viewd. front

Showing 500 - 600 of 871

Floriculture: Designing & Merchandising 2nd Edition Dr. Charles P. Griner - Solutions

Step by Step Answers