ACCT 434 Midterm Exam http://homeworkmonster.com/downloads/acct-434-midterm-exam/ ACCT 434 Midterm Exam (TCO 1) For each of the following drivers identify an appropriate activity. a. # of machines b. # of setups c. # of inspections d. # of orders e. # of runs f. # of bins or aisles g. # of engineers (TCO 2) Favata Company has the following information: Month Budgeted Sales June $60‚000 July 51‚000 August 40‚000 September 70‚000 October 72‚000 In addition‚ the cost of goods sold
Premium Variable cost Costs Cost accounting
ACCT 110 - FINANCIAL ACCOUNTING 1 SAMPLE MIDTERM TIME: 90 MINUTES Question Type Possible Marks 1-15 Multiple Choice 16 16 Journal Entries 10 17 Adjusting Entries 6 18 Closing Entries 3 19 Financial Statements 20 20 Other 5 Total Achieved 60 Letter Grade NO EXPLANATIONS ARE REQUIRED FOR JOURNAL ENTRIES. NAME ____________________________________ DATE _____________________________ ACCT 110 - Mock Midterm Page
Premium Balance sheet Double-entry bookkeeping system Liability
The population I chose to research is the homeless population and why do they become homeless. As many of you may have read in my bio‚ I stated that I work for a non-profit agency that assists homeless veterans to get off the streets. That is correct however I do not work directly with them nor have I had any experience with this population. I have only work in this position for two months and I had no knowledge about the homeless population at all. Another reason why I decided to research this population
Premium
Acct 496 CH5 Assignment Kangkang Guo Q1. What is a provision‚ and when must a provision be recognized? Provision provides guidance for reporting liabilities of uncertain timing‚ amount‚ or existence. A provision should be recognized when: 1). The entity has a present obligation (legal or constructive) as a result of a past event. 2). It is probable (more likely than not) that an outflow of resources embodying economic events will be required to settle the obligation. 3). A reliable estimate of
Premium Balance sheet Asset Generally Accepted Accounting Principles
1. I am aware of several legal and organisational requirements relating to equality‚ diversity‚ discrimination‚ rights and confidentiality which may influence parts of my job role and contribute to health and safety practices within my in my workplace. All individuals have the right not to be discriminated against within my workplace: Equal Opportunities Act 2004‚ Race Relations Act 1976‚ Sex Discrimination Act 1975‚ Disability Discrimination Act 2005 All individuals within my workplace
Premium Risk assessment Risk Occupational safety and health
QUIZ HINTS The quizzes are normally the most difficult aspect of the course for students‚ so be sure to study hard. Each quiz is open-book‚ and your time will vary depending on the number of questions. See the specific instructions for each quiz to see its particular time limit. Multiple- choice and true/false items make up each quiz. About 60% of the material will come from the PointCasts and 40% from your assigned readings. Note that some of the text outlines for the Hays and Erford chapters appear
Premium Gender role Racism Gender
Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 8/3/2014 Points Received: 188 / 200 (94%) Question 1. Question : (TCO A) The Financial Accounting Standards Board employs a "due process" system‚ which: has all CPAs in the United States vote on a new statement. enables interested parties to express their views on issues under consideration.
Premium Balance sheet Income statement Revenue
Chapter 1 Introducing Financial Accounting Learning Objectives – coverage by question | |Mini-exercises |Exercises |Problems |Cases | | |25 |29‚ 33 | |45‚ 46 | |LO1 – Identify the users of accounting information | | | |
Premium Balance sheet Financial statements Generally Accepted Accounting Principles
ANSWERS Quiz 1 profit margin on sales for 2013. Net income/net sales. receivables turnover ratio net sales/average A/R inventory turnover ratio for 2013. COGs/average inventory asset turnover ratio for 2013.Net sales/average total sales average collection period for 2013.365/receive turnover ratio. average days in inventory for 2013.365 / inventory turnover ratio decimal place. return on assets for 2013. Profit margin*assets turnover. return on stockholders’ equity for 2013. Net income/ average
Premium Stock market Stock Generally Accepted Accounting Principles
Lecture 6 Receivables 1. Types of receivables (1)Accounts receivable: the amounts owed to the firm by customers on account from the sale of goods or services (2)Notes receivable: the amounts owing to the firm outside normal trade for which formal instruments of credit are issued evidencing the debt‚ and on which interest is generally payable (3) Other receivables include non-trade receivables such as interest receivable‚ loans‚ advances and GST receivable. 2. Accounting for A/R Accounts receivables
Premium Balance sheet Depreciation Generally Accepted Accounting Principles