Accounting Questions and Answers October 25, 2018

Salli Corporation regularly purchases merchandise from their 90% owner, Playtime Corporation. Playtime purchased the 90% interest at a cost equal to 90% of the book value of Salli's net assets. At the time of acquisition, the book values and fair

Delta Designs, Inc. has the following data: Perform a vertical analysis of Delta Designs? balance sheet for each year. Begin by performing a vertical analysis of Delta Designs? balance sheet for 2016, Then perform the analysis for 2015. (Round the

Save Accounting Table Copy to Clipboard Delta Designs Inc Balance Sheet December 31 2016 and 2015 Save Accounting Table Copy to Clipboard Assets Total Current Assets Property Plant and Equipment Net Other Assets Total Assets Liabilities Total

Increase in the market price of short term investment become gains on the income statement decreases become losses. Do you Agree? Explain.

The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit

St. Michaels School ranks investments by using the profitability index (PI). The following data relate to Project X and Project Y: Project X Project Y Initial Investment $ 400,000 $ 1,300,000 Present value of inflows 600,000 1,800,000 Which project

Mueller has been approached about providing a new service to its clients. The company will bill vlients $140 per hour; the related hourly variable and fixed operating costs will be $75 and $18, respectively. If all employees are currently working at

Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $150,000 Credit sales, $450,000 Selling and administrative expenses, $110,000 Sales returns and allowances, $30,000 Gross profit,

Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation. What is the amount of total assets at the end of the year?

Accounts Receivable Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable 6000 5000 7000 900 10000 11000 8500 7200 1000 31000 3800 200

Compute the current ratios for 2016 and 2015 from the following data: Begin by selecting the formula to compute the current ratio. Current ratio =Total current assets / Total current liabilities Now, compute the current ratios for 2016 and 2015.

2016 2015 Net Sales 468000 423000 Cost of Goods Sold 238000 212000 Gross Profit 230000 211000 Operating Expenses 136000 134000 Income from Operations 94000 77000 Interest Expense 11000 14000 Income before Income Tax 83000 63000 Income Tax Expense

For a number of years. the corporation has used the last-in. first-out (LIFO) method of accounting for its steel inventories. In periods of extended inflation. coupled with uncertain supplies of raw materials from foreign sources, and rapid

1 2 Sales and revenues Earnings per common share 2011 536467782 344 2010 487886449 358

Mary signed up and paid $1,380 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate: a $460 of revenue, $920 of accounts receivable. b. $460 of revenue, $920 of deferred

The margin of safety tells managers How much profit would drop if sales decreased. How much profit would have to increase to hit target sales. How much sales would have to increase to hit the target profit. How much sales could drop before the firm

The LIFO inventory method is presently an accepted inventory method for tax purposes. This method, during inflation, results in a lower ending inventory value than the other inventory methods. Accordingly, this method reduces present taxable income

Hospital Supply Inc produces hydraulic hoists that were used by hospitals to move bedridden patients. The costs of manufacturing and marketing hydraulic hoists at the companys normal volume of 3,000 unit per month are as follows: Exhibit 1: Costs

The following data pertain to an investment that is being considered by the management of Hanson Company: Discount rate 10% Life of the project 4 years Cost of the investment $45,965 Annual cost savings 14,500 Salvage value 2,900 The net present

Star Soybeans buys and sells soybeans from its office in Decatur, Georgia. It provides storage for its soybeans in a warehouse leased. Star estimates that the market would allow purchases of up to 1000 tons a month and sales of up to 2000 tons a

Water Products Corporation has been supplying high-quality bathroom fixtures to its customers for several decades and uses a LIFO inventory system. Rapid increases in the cost of fixtures have resulted in inventory values substantially below current

Select the correct statement about the master budget. The master budget is a group of detailed budgets and schedules representing the company's operating and financial plans for the past accounting period. The master budget usually includes

Items a through I represent possible errors and fraud that you suspect may be present at Rex Company. The accompanying List of Auditing Procedures represents procedures that the auditor would consider performing to gather evidence concerning

Identify what type of internal controls would ensure proper classification of cash equivalents

Identifying product versus selling, general, and administrative costs A review of the accounting records of Rayford Manufacturing indicated that the company incurred the following payroll costs during the month of September 1. Salary of the company

Explain what type of audit report is required when the company's financial statements contain a material and pervasive departure from GAAP

Although the equity method is a generally accepted accounting principle (GAAP), recognition of equity income has been criticized. What theoretical problems can be brought up by opponents of the equity method? What managerial incentives exist that

As you are walking in the forest you look up just as a boulder becomes dislodged from the side of a cliff If your head is 200 feet below the base of the boulder at that instant a How much time do you have to get out of the way b If you do not get

Dev Xe Company has the following transactions for the year ended December 31 2020 were all payments were made thru cash Prepare a COMPLETE Statement of Cash Flow using a Direct Method50pts Sales Revenue Cost of Goods Sold Accounts Payable Inventory

Think about the internal controls you have experienced at the theater when responding to this discussion scenario. The Big Screen is a movie theater. On several occasions Chuck Todd, the owner, noticed that while the theater had a full house, the

4 During a typical Pennsylvania winter I80 averages 17 potholes per 10 miles A certain county is responsible for repairing potholes in a 30miles stretch of the interstate a Find the probability that the number of potholes the county will have to

Assume a par value of 100 and semiannual coupons for all bonds in the table below and no accrued interest Zero Coupon Bonds Price Year 05 10 9950 9800 Coupon Bonds Year 15 20 Coupon 2 25 Price 98935 98844 a Calculate the yields of sixmonth oneyear

You are an audit partner at Khan Co Accounts Manager of one of your client Dragon private Limited DPL has recently resigned and the company has approached you for your assistance The CFO of the company requested you to provide a team member to

1. Two qualified MBA pass outs set up a consultancy firm for equal share. They charge consultancy fee from each patient @ 500 per hour. At the same time, they give free consultation to persons who cannot pay their fees. Can this set-up be termed as

Verify that each of the functions uo y satisfies Laplaces equation Sec 23 and the boundary conditions Un un sinh ny cos nx Uxx x y Uyy x y 0 n 12 ux yAoy A sinh nycos nx n1 0 x

Question 5 In this question we will discuss the multiplicative properties of the Euler function For a given positive integer n let Un k N1kn1 gcdk n 1 a Compute n for n 357 15 21 35 Verify that 15 3o5 21 3o7 35 5o7 b Let m n be positive

Find y y xx 67 Choose the correct expression for y below O A OB 6 36x5 xx 17 xx 87 7x6 1 49 O D OC 6 6 49 xx 17 77 x x 7 7x6 1 36x5 87 7x61 6 49 xx87 7x61

Compute the gradient of fx y 4 3x 5y and evaluate it at the point 2 3 The gradient is equal to V fx y The gradient at the point 2 3 2 3

In a class of 120 students numbered 1 to 120, all even numbered students opt for Physics, whose numbers are divisible by 5 opt for Chemistry and those whose numbers are divisible by 7 opt for Math. How many opt for none of the three subjects? 19 41

Choose the best answer. (1 mark each) 1. __________ refers to thelearning opportunities designed to help employeesgrow. a. Training b. Development c. Education d. All of the above 2. Anothername for orientation is: a. Selection b. Recruitment c.

There are 4 models of Corporate Social Responsibility. I. Economic Model a. Profit-Based SocialResponsibility aka Economic Model : Milton Friedman's 1970New York Times article "The Social Responsibility of BusinessIs to Increase Its Profits" is

A checklist screening model does not consider:(2 Points) whether one criterion is more important than another governmental or stakeholder interference product durability and future market potential of the productline the riskiness of the new venture

Capsim Capstone Balanced Scorecard for Financial. Comment on round performance on each metrics score. Stock Price 6 out 8. Profits 4 out of 9. Leverage 7 out of 8. Overall Score 19 out of 25.

Please help

A bulb in a staircase has two switches one switch being at the ground floor and the other one at the first floor The bulb can be turned ON and also can be turned OFF by any one of the switches irrespective of the state of the other switch The logic

QUESTION

QUESTION 8 Suppose that the production function yfx1x2 where y is output level x1 is a variable input and x2 is a fixed input is plotted in the yx1 space According to economic theory we would expect Oay to increase with x1 at a decreasing rate due

A survey was taken to find out how many times per year children saw a doctor. The results are shown in the table. What was the mean number of doctor visits per year? a. 3 b. 3.25 c. 3.5 d. 3.75

1 Number of visits to or by doctor 0 1 2 3 4 5 6 7 2 Humber of children 2 00 8 27 45 38 15 4 1

Give a geometric description of the set of points whose coordinates satisfy the given conditions x2 y2 9 z10 All points on or within the circle x y 9 and in the plane z 10 O All points on the cylinder with radius 3 along the zaxis All points on

Prove the following results In the process of showing your work please indicate with assumptions or auxiliary results you are using a Show that EYX Bo BX b Show that EBo 8o Hint you can use the fact that in an unbiased estimator of 8

218 Show that any n1 solutions of 23 on c d are linearly dependent on cd 23 Determine in each case if the constant vectors are linearly dependent or linearly independent Prove your answer i 4 2 B iii 1 V1 2 1 V2 1 3 2 1 2 2 13 13 2 1

1. A population is a collection of all individuals, objects, or measurements of interest. TRUE False

mn Let a and b be positive integers Suppose that the complete list of primes that divide either a or b is p1 P2Pn and that a pip22 Pn and b piki pk2pn respectively Any of the exponents can be zero i Characterize the gcd of a and b in terms of the

Use what you know about alternate interior angles and the figure below to justify why the sum of the measures of the interior angles in a triangle is 180 In other words explain why a b c 180 10 points b

Shaktiman Co issued 60000 shares 10 each and received all the money except the final call money of 2 each for 500 shares Those 500 shares are reissued at a price of 8 each Pass the journal entry 15

Data were collected on annual personal time (in hours) taken by a random sample of 16 women and 7 men employed by a medium-sized company. The women took an average of 24.75 hours of personal time per year with a standard deviation of 2.84 hours. The

choose the correct answers of equestion in passages II A material is what something is made of There are 5 basic materials where most things are made with Things are made of metal glass wood cloth and some others are made of plastic Metal is very

AChange the following active voice sentences into passive voice sentences of 8 1 I sent the report yesterday 2 Mark did not submit the proposal before the deadline May God bless you with happiness 4 We cannot make cash refunds 5 Rachel has installed

20 pts 3 A cistern has the shape of a hemisphere of radius 5 feet with the circular part at the top If the cistern is full of water find the work needed to pump all of the water out to a point 4 feet above the top of the cistern

If the coefficient of determination is 081 the correlation coefficient Select one a could be either 09 or 09 b must be negative c is 06561 d must be positive

Suppose that 3500 is placed in an account that pays 8 interest compounded each year Assume that no withdrawals are made from the account Follow the instructions below Do not do any rounding Find the amount in the account at the end of 1 year Find

A pen cost 20php each If you buy more than 10 pens you will be given 50 discount on the next pens youre about to buy Make a piecewise function that defines the cost of the pen

An outdoor advertising company must know whether significantly different traffic volumes pass three billboards locations in Newark because the company changes different rates for different traffic volumes The company measures the volume of traffic

Four accounting majors two economics majors and three marketing majors have interviewed for five different positions with a large company Use the following information to find the number of different ways that five of these could be hired One

NorthBound Tours (NBT) offers educational holiday tours to locations that are significant in terms of the Northern Territorys environmental, historical or cultural heritage. The company has now been operating for several years. The tours are

Three times the square of a number is greater than a second number The square of the second number increased by 6 is greater than the first number Which system of inequalities represents these criteria

Identify the property that justifies the following statement 44xyz 44xyz

NorthBound Tours (NBT) offers educational holiday tours to locations that are significant in terms of the Northern Territorys environmental, historical or cultural heritage. The company has now been operating for several years. The tours are

A ball is launched upwards from a height of 5 feet The balls height as a function of time in seconds is What is the time interval in which the ball has a height modeled by the function ht16t2144t5 greater than 325 feet

NorthBound Tours (NBT) offers educational holiday tours to locations that are significant in terms of the Northern Territorys environmental, historical or cultural heritage. The company has now been operating for several years. The tours are

Lily is going to invest 750 and leave it in an account for 18 years Assuming the interest is compounded daily what interest rate to the nearest tenth of a percent would be required in order for Lily to end up with 1180

A company has the linear total cost function Cx a What is the companys marginal cost marginal cost 14x 2152 b What does marginal cost mean in the context of this problem O If the number of items produced increases by one total costs will increase

Analiza can paint a room in 3 hours Leoben can do it for 2 hours Walter can do the painting job in 5 hours If all them worked together how long will it take them to paint the room

The graph of the function y fx is stretched horizontally by a factor of 14 and stretched vertically by a factor of 3 Then it is reflected in the xaxis and translated 2 units to the left The equation of the transformed function can be written as ay

Let rt 114t Calculate the derivative of rt ar at r 3 assuming that a3565 a 3 965 Use decimal notation Give your answer as a whole or exact number 0 0

A group of 30 students orders lunch from a restaurant. each student gets either a burger or a salad. the price of a burger is $5 and the price of a salad is $6. if the group spent a total of $162, how many students ordered burgers?

Please help me find the union AND intersection of each set and function. a) A = { ( 1 , 1 + 1/n ) : n belongs to all natural numbers } b) A = { [ 2 , x ] : x belongs to all real numbers greater than 2 } c) A = { [ 0 , 3 ] , ( 1 , 5 ) , [ 2 , 4 ) }

3 Look at the following table and answer the questions Participant ID Diastolic Blood Pressure 1 76 64 62 61 70 2 3 4 5 6 7 B 10 72 81 58F 60 97 a Calculate the sample mean and mean deviation 3 marks b Calculate the sample standard deviation 2 marks

The height of a concrete foundation is measured by a 15inch base and an additional 25 inches is being poured every minute If the concrete is pouted between 0 and 10 minutes find the domain and range of this situation

1 point A person whose eyes are at a height of a 18 m above ground sees the top of a cliff in line with the top of a tree h 6 m tall when he is standing b tree h 75 m tall that is c 134 m farther from the cliff He sees the top of the cliff in

The mathematical Fourier transform converts timedependent data into a spectrum Sketch the spectrum that would result by performing the Fourier transform on the following timedependent data Label any peaks you expect in the spectrum with their

Differentiate the following function 2 fx xe A x 2xe B fx 2xex 2 Ocfx xex2 D x xe 2xe

4 Use the graph of the function fto find lim fx lim fx and x2 X2 limfx if the limit exists x2 109876543 10 1987 P 6 5 N 2 23450 10 000 3 4 5 6 7 8 9 10 10 7 8 9 10

You are given an LTI system The response of the system to the input Xt utut1 is a function of yt What are the responses of the system to the following inputs Express them as functions of yt xtxt3 x 12x 1 dr 0 dx 11 dr xt3xt xt3 x1 x 7dr

The free cash flow to firm FCFF of BHP is 1600m Its free cash flow is expected to grow at 3 pa forever The firms WACC is 12 pa The market value of BHPs debt is 6500m and the company has 250m cash on hand BHP has 800m shares outstanding What is BHPs

Given vectors 714 and 6 23 a Sketch and label the vectors in the coordinate system b Compute the angle between the vectors Z c Compute the area of parallelogram determined by the vectors d Verify that ux v 0 and explain what this means

a Let k be any real number and a 1 Show that the function 1xk has the following power series representation 1 x ha 1 kx x kk1 2 n0 The above series is called the Binomial series kk1k2 3 2

Let A B and C be sets Prove that n rightdistributes over ie AB nC ANC BNC If you do this by translating into formal logic prove the logical equivalence you use to verify the set equality If you do this by a verbal argument show separately that

The following four methods are proposed to compute 715 Rank them in order based on their apparent speed of convergence assuming po 1 a c 14 Pn 1 Pn PnPn11 P17 5P1 b d PnPn1 PnPn1 P1 7 P1 ph17 12

Question 2 A linear regression model is given by where is the error term with E 0 and Var for all i 1 n The model can be expressed as where Yi Bo Bixi B2x2 Ppript i1n Find EB and VarB Y X12 0300 X 1 1 Y XB 1 Derive the OLS estimator

The salaries of a random sample of a companys employees are summarized in the frequency distribution below Approximate the sample mean using the grouped data formulas Salary 5001 10000 10001 15000 15001 20000 20001 25000 25001 30000 Employees

Consider the following 3D function fx x x3 4x 2xx 3x x x3 2x 5x 3 Find the stationary point x that satisfies Vfx 0 Requirements a Derive the equations that satisfy Vf 0 rewrite the equations in the matrixvector product format and report the

Identify the property of whole numbers illustrated in each of the following a 1 b A XX A c NPNQNPQ d 2 AII 2 A II e XYZ YXZ

The following vectors are orthogonal Find the value for x 2 00 1 4 2 08 4 8 4

3 A bus runs along a route with stops indexed by n 1 2 Assume that the route is infinitely long and the bus has infinite capacity The bus arrives empty at Stop 1 When the bus arrives at Stop n each passenger on it gets off with probability p

Suppose a is an element of a group with a m and let n be relatively prime to m Show that then a has an nth root in the group that is a can be written as the nth power of some element of the group

A business venture can result in the following outcomes (with their probabilities in parentheses): Highly Successful (10%), Successful (25%), Break Even (25%), Disappointing (20%), and Highly Disappointing (unknown). If these are the only outcomes

CASE STUDY: Source:https://businesscasestudies.co.uk/meeting-global-and-local-needs/ QUESTION 1 Siemens is multi-national. It operates across 190 separatenation states. Executives in Germany and across the world must makedecisions in the best

Chapter 5 uses the terms "first-order change" and "second-orderchange" to describe the differences between incremental andtransformational change within an organization. First-order changeinvolves a specific initiative that solves a problem, or

CHOOSE THE IMAGE THAT COMPLETES THE PATTERN Which of the shapes below continues the sequence A B C SO MX D EMost philosophers have a brain Sam is a philosopher So Sam probably has a brain Select the correct response inductive reasoning deductive

Assume a 7 digit number is in the form: NXX-XXXX N is from 2-9 and X is from 0-9 how many have excatly 3 zeros?

1 Generate a matrix containing 5000 samples from the Weibull distribution with a 1 and 3 2 each of size n 100 Compute the 500 means using the apply function and store it in x2matmn Call this variable X 2 Generate a matrix containing 5000 samples

A farmer wants to fence off a rectangular area of his property for his alpacas In order to give the alpacas enough space he needs an area of 2700 square metres One side of the area has to run along a road the remaining three slides are on his

Q2 Study the following data and use it to answer the questions given Data Cost of motor car Tradein price after 2 years or 60000 kilometers is expected to be Maintenance 6monthly service costing Sparesreplacement parts per 1000 kilometers Vehicle

You must write all your work clearly to support your answer 1 4 points Find the integral 3x 1 x3x2 dx 2x 5x 3 xx 1 2 6 points Find the integral dx

The Care Services Improvement Partnership (CSIP) was created inthe United Kingdom to support improvement and development in arange of services across health and local government, for children,adults, and older people, including those experiencing