Partnership – Basic Considerations and Formation 1 CHAPTER 1 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 1-1: a Jose’s capital should be credited for the market value of the computer contributed by him. 1-2: b (40‚000 + 80‚000) 2/3 = 180‚000 x 1/3 = 60‚000. 1-2: c 1-3: a Cash P100‚000 Land 300‚000 Mortgage payable ( 50‚000) Net assets (Julio‚ capital) P350‚000 1-4: b Total Capital (P300‚000/60%) P500‚000 Perla’s interest ______40% Perla’s capital P200
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Chapter 7 Problem Summary Problem Solutions 7.1 See file Ch7.1.xls a. Yes‚ a stationary model seems appropriate b. Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 20.16667 1.373732 14.6802 4.3E-08 17.1058 23.22753 17.1058 23.22753 Period -0.07692 0.186653 -0.41212 0.688949 -0.49281 0.338967 -0.49281 0.338967 From regression output‚ t = -.412 and p = .689. A stationary model seems appropriate since the linear term‚ Period
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Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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understand the project vision. 2) Understand your priorities and the priorities of the stakeholders. 3) Define your deliverables and have them approved by the stakeholders. 4) Break the approved deliverables into actual work requirements. 5) Break the project down into major and minor milestones‚ and have your schedule approved by the stakeholders. 6) Assign resources and determine your critical path. 7) Expect some project creep. 4. In the section labeled Suggestions for Improving
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screen. a.|encoder|c.|modem| b.|kiosk|d.|telemeter| ____ 4. The Wii ____ is a motion-sensing input device that uses Bluetooth wireless technology to communicate with the Wii game console. a.|Tooth|c.|Remote| b.|Bluetool|d.|gamepad| ____ 5. On a ____‚ sometimes called a game controller‚ users press buttons or move sticks in various directions to activate events. a.|gamepad|c.|trackball| b.|Click Wheel|d.|touch screen| ____ 6. ____ is the process of entering data by speaking into
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British- Iroquois 4. The French had claimed the Ohio River Valley and were trading furs to the Native Americans. The British wanted to settle on the river and trade furs as well. Conflict came about for fur trading between the French and British. 5. The leaders of the Great Awakening placed an importance on religion. The believed that it was your inner religious emotion that was more important than the outward religious behavior. 6. The Great Awakening encouraged ideas of equality‚ helping others
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Chapter 5 Question 6 Page 218 Q = Dresses per week L= Number of labor hours per week Q = L –L2/800 MCL=$20 P= $40= therefore MR=$40 Part A: A firm maximizes profit when it equates MRPL = (MR) *(MPL) = MCL MPL= dQ/dL =1 – L/400 Therefore (40)*(1-L/400) = 20. The solution is L = 200. In turn‚ Q = 200 – (2002/800). The solution is Q = 150. The firms profit is= PQ – (MC)L= ($40) (150) – ($20) (200) = $2‚000 Part B Price increase to $50: Q = Dresses per week L= Number of labor hours
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ
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experience of fear‚ thereby invalidating it 4- Simon attempts to explain that the boys themselves‚ or something inherent in human nature‚ could be the beast they fear. His unsuccessful explanation leads to talk of ghosts. But the assembly ends chaotically. 5- Ralph ‚piggy and simon are left lamenting the orderly adult-dominated lives they had before coming to the island. 6- After the assembly‚ all the boys go to sleep. Above them an aerial battle is taking place. A casualty of the battle floats down to
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