CHAPTER 6 ACCOUNTING FOR MERCHANDISING BUSINESSES PRACTICE EXERCISES PE 6–1A $140‚775 ($127‚500 + $435‚600 – $422‚325) PE 6–1B $31‚850 ($17‚500 + $141‚750 – $127‚400) PE 6–2A Cost of merchandise sold: Merchandise inventory‚ July 1 $ 88‚370 Purchases $681‚400 Less: Purchases returns and allowances $9‚250 Purchases discounts 7‚000 16‚250 Net purchases $665‚150 Add transportation in 3‚180 Cost of merchandise purchased 668‚330 Merchandise available
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Student name: Ihtishaam Ali Date submitted: 3/1/15 Chapter: 11 Chapter Review Questions Questions are at the end of each chapter under the “For Review” heading 1. Consideration is an essential element in the formation of any contract not by deed. To be valid the consideration must be real and genuine 2. Promises to make gifts for charitable or educational purposes are often enforced‚ despite absence of consideration. 3. No 4. It must be for a reasonable period‚ not excessive in duration
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The Conspiracy: 9/11 The day of September 11th‚ 2001 the world witnessed with disbelief as the World Trade Center in New York City came crashing down. The shock the attacks generated and the some 3‚000 or more people it killed made it one of the brutal attacks in history. One may only wonder how such a grand scaled attack could be carried through. Although controversial‚ evidence suggests that the September 11th attacks in 2001 were an inside job and the statements of the Bush administration
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Chapter 9 1. How did the Byzantine Empire maintain Roman imperial traditions in the East? It centers itself around the capital‚ Constantinople. The Byzantines continued to employ a traditional Roman style of government and law. Byzantine Emperor‚ Justinian attempted to restore the Roman Empire to its prior status by trying to recover the western portions of the Empire. 2. What led to the split between the Orthodox and the Roman Catholic Churches? Cultural differences led to the split between the
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Chapter 10 – Photosynthesis – Homework 1. Write the basic equation for Photosynthesis (Ps). 2. Some students define Ps as the process by which plants use light energy as food. Discuss if this is a correct statement that would likely be accepted by an AP Biology Exam Reader. 3. Contrast and compare an absorption spectra versus an action spectra for Ps. 4. Discuss why is the narrow area of electromagnetic radiation between 380-750 nm is the best choice to power a process like Ps
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9/11 Reflection On September 9‚ 2001‚ a plane crashes at the North Tower of the World Trade Center at 8:45 am. An hour later another plane crashes at Washington‚ D.C.‚ and slams into the west side of the Pentagon military headquarters. Minutes after‚ the South Tower is hit by another plane. At 10:30 am‚ both the North and South Towers calliopes at New York City. 3‚000 people were killed in the towers‚ including 343 fire fighters‚ 23 police officers‚ and 37 Port Authority police officers. 10
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The 9/11 attacks and filmmaking industries juxtaposed together is very misbelieving because of the two separate impacts that each side provides onto the general population. But the adaptation that Marvel and Hollywood‚ specifically‚ have taken on is both shocking in terms of negative uprisings but also something to applaud and praise for. All audiences were shocked at first to see the concept of 9/11 being brought into films because of how fragile the topic is because of the circumstances of the
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06 Student: ___________________________________________________________________________ 1. As shown in the Chapter 6 opening case‚ Whole Foods Market had to seek new strategic initiatives such as enhancing its differentiated appeal and improving its cost structure because it was losing its competitive advantage. True False 2. A firm’s business-level strategy answers the question "Where should we compete?" True False 3. The goal of a strategic position is to create the largest gap possible between
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units from a normally distributed large population. If u = 15‚ and c2=4‚ what is the probability that we will obtain a sample mean of less than 14? .0062 5. The normal approximation of the binomial distribution is appropriate when. Np> 5 and n(1-p) >5 6. A newly married couple plans to have four children. Suppose that boys and girls are equal likely each time a child is born. What is the probability the couple will have no more than 2 boys? 62.5% 7. A random variable is said to be discrete if: Its outcome
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As we approach the 13th anniversary of 9/11‚ America’s air security is more stable. We are more prepared to confront any threats against our airlines. Prior to September 11‚ 2001‚ there was only limited technology in place to protect the threats to passengers or the aircraft. Prior to 9/11‚ security had been handled by each airport‚ which outsourced to private security companies. Immediately following the attacks‚ congress created the TSA agency. The new TSA implemented procedures that included stricter
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