Accounting Test 1

Topics: Accounts receivable, August, Balance sheet Pages: 8 (2059 words) Published: December 12, 2012
Assignment 1—Due Wednesday 28rd September, 2012

Please Note: There are three (3) questions in this assignment.

Question 1: Plagiarism and referencing Although this question is not awarded marks, students MUST complete this entire question to get any marks for assignment 1. An understanding of plagiarism and “in text” referencing is essential to success in tertiary studies. Background information for Question 1 In an academic setting it is important to acknowledge the ideas of others that you have used in building your argument or preparing your answers. This not only includes words but anything for which you may be graded, e.g. layout of an answer copied from another person. The Learning Connection website at UniSA provides some very useful information about plagiarism. Particularly useful links include the following: 1. Avoiding plagiarism (Learning Connection) 2. Referencing (Learning Connection)

Tasks for Question 1 Using the materials on these websites, undertake the following tasks.

a. Find a definition of what plagiarism is and write a definition of plagiarism in your own words. In my words plagiarism would be the exact copy of someone else's work for example if I had copied word for word the text book we are currently working through it would be plagiarism.

b. In your own words, write not more than half a page (200 words) on strategies which can be adopted to avoid plagiarism. To avoid plagiarism the following steps and strategies can be enforced. One excellent strategy to prevent plagiarism is using website like this to check work that you write “”. The website checks your words against other documents in the world to make sure that you have not just copied and paste another persons words to gain from, it also can find gamma errors and correct them for you and can generate citations automatically using different styles. This website also says another way to avoid plagiarism is to put the words in quotation marks for example: “If you use an author's specific word or words, you must place those words within quotation marks and you must credit the source.” Reference:- In conclusion to the the two ways to avoid plagiarism that I have stated above the main things to remember are and I quote from the website we have been provided with for this task:“You must be absolutely clear in your writing when you are presenting your own views or ideas and when you are presenting the ideas and words of others. This is where referencing comes in. Each source you quote, paraphrase, summarise, or reproduce content from must be identified through referencing. This is standard practice for acknowledging the sources for the info you've encountered and incorporated into your assignment.” Reference:-

Note: You must complete both of the above tasks in your own words to get your marks for assignment 1.

Question 2: Decision making process (15 marks) Your friend Andrew owns ‘The award plus shop’ which manufactures medals for winners of athletic events and other contests. He is trying to make as much money as he can as he is saving to take a year off and travel the world. Unfortunately the manufacturing machine in Andrew’s shop has broken down and is not repairable. There are three different types of new Award manufacturing machines available in the market which can serve Andrew’s purpose. He has gathered the following information regarding each machine. Machine Type 1. Machine I 2. Machine II 3. Machine III Machine Cost 25,000 20,000 18,000 Sale Price per Medal 50.00 42.00 35.00 Cost Per Medal 35.00 30.00 25.00 Predicted Monthly Sales of Medals 95 = 70%, 55 = 30% 110 = 65%, 60 = 35% 120 = 75%, 90 = 25%

Andrew knows...
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