| | Retained earnings at December 31‚ 2012 | 25‚000 | What was the economic effect of the payment of Raymond’s dividends? a. | The dividend reduced net income for 2012. | b. | The dividend should be equal to net income if the company’s accounting equation is in balance. | c. | The dividends reduce total retained earnings for the year. | d. | The dividends must be paid whenever Raymond Corp. reports net income. | __B__ 2. If a company has $152‚000 of revenues‚ declares and pays $55
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Instructor: xx. xxxxx ACC3320 Accounting for Decision Making Final Exam 1. Riggs Enterprise’s flexible budget cost formula for indirect materials‚ a variable cost‚ is $0.45 per unit of output. If the company’s performance report for last month shows a $90 favorable variance for indirect materials and if 8‚700 units of output were produced last month‚ then the actual costs incurred for indirect materials for the month must have been: A. $4‚005 B. $3‚915 C. $3‚825 D. $3
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External Examination 2012 2012 ACCOUNTING FOR OFFICE USE ONLY SUPERVISOR CHECK ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX RE-MARKED Wednesday 7 November: 1.30 p.m. Time: 2 hours Pages: 32 Questions: 5 Examination material: one 32-page question booklet one SACE registration number label Approved dictionaries and calculators may be used. Instructions to Students 1. You will have 10 minutes to read the paper. You must not write in your question booklet or use a
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The accounting equation is an equation that includes the Assets‚ Liabilities‚ and Stock of a company. These three attributes determine the value of a company. This value is used to file the company’s taxes. When the value is figured by the accounting equation‚ investors can determine a possible return on their investments. Assets are resources owned by a business. Liabilities are the debts and obligations of the business. Liabilities represent claims of creditors on the assets of the business
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Ch. 17 Personal selling – The practice used by salespeople to identify‚ research‚ and approach potential customers to sell products and services. Representatives of a company interact directly with a consumer to provide information to help the consumer make a decision about the product or service. Personal selling works best when 1) The company is using a push strategy 2) The product/service is complex (real estate) 3) When buyers purchase product infrequently 4) When product is expensive
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ACC/290 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in Week Five. It contains practice questions‚ which are related to each week’s objectives. In addition‚ refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Basic Accounting Principles and Concepts Objective: Identify the four basic financial statements. 1. Which of the four basic financial statements has three main
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+ CONCORDIA UNIVERSITY Course: Managerial Accounting‚ No.: COMM 305 & ACCO. 240 Sections: All Examination: Alternate Final Date: June‚ 2006 No. of Pages: 9 including the cover page Material Allowed: Non-programmable calculators and dictionaries Special Instructions: Answer all multiple choice questions in the Answer Sheet form no. 4521 Return the exam questions with your answers. Student Name: Student ID No
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FIN 370 Final Exam Answers – Updated 2014-15 Thank you for using ACCNERD.com. We love helping you earn better grades! 1. Which of the following is true regarding Investment Banks? As of 2010‚ stand alone Investment banks are numerous. 2. We compute the profitability index of a capital-budgeting proposal by Initial outlay = $1‚748.80 dividing the present value of the annual after-tax cash flows by the cost of the project. Explanation: The profitability index is calculated as Net Present
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125 each‚ terms 2/10‚ n/30. 20 Freight of $220 on the October 19 purchase was FOB shipping point. 29 Paid for the October 19 purchase. Instructions Using a perpetual inventory system‚ prepare the journal entries‚ in your exam booklet‚ to record the transactions. [pic] Question 2 Internal Controls 15 marks The following internal control procedures are used by Brooks Company for cash receipts and disbursements. 1. Cashiers receive all over the counter receipts
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Leadership 300 Final Exam NAME: ___Lucas Garcia________________________ Select the best answer 1. Which leadership style is most effective when the leader trusts the staff‚ has reliable staff and the task is not sensitive? (a) Consult (b) Tell (c) Delegate (d) Sell C. 2. Which communication style is the most effective at conveying information: (a) Email (b) Internal memorandum (c) Face to face (d) Letter C. 3. Which of the following is not a common characteristic of charismatic and transformational
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