Chapter 15 Entities Overview SOLUTIONS MANUAL Discussion Questions 1. [LO 1] What are the more common legal entities used for operating a business? How are these entities treated similarly and differently for state law purposes? Answer: Corporations‚ limited liability companies (LLCs)‚ general and limited partnerships‚ and sole proprietorships. These entities differ in terms of the formalities that must be observed to create them‚ the legal rights and responsibilities conferred on
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Chapter 4 Ethical and Social Issues in Information Systems Student Learning Objectives 1. What ethical‚ social‚ and political issues are raised by information systems? 2. What specific principles for conduct can be used to guide ethical decisions? 3. Why do contemporary information systems technology and the Internet pose challenges to the protection of individual privacy and intellectual property? 4. How have information systems affected everyday life? Chapter Outline 4.1 Understanding
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CHAPTER 5 Solutions—Series A Problems 5–1A.(a)Net FUTA tax $123‚400 × 0.006=$740.40 (b)Net SUTA tax$123‚400 × 0.048=5‚923.20 (c)Total unemployment taxes$6‚663.60 5–2A.Earnings subject to FUTA and SUTA: $737‚910 – $472‚120 = $265‚790 (a)Net FUTA tax$265‚790 × 0.006=$1‚594.74 (b)Net SUTA tax$265‚790 × 0.029=7‚707.91 (c)Total unemployment taxes$9‚302.65 5–3A.(a)Net FUTA tax$67‚900 × 0.006=$407.40 (b)Net SUTA tax$83‚900 × 0.037=$3‚104.30 5–4A.(a)SUTA taxes paid to Massachusetts$18‚000 × 0
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CHAPTER 10 Standard Costing and Performance Measures for Today’s Manufacturing Environment ANSWERS TO REVIEW QUESTIONS 10-1 Management by exception is a managerial technique in which only significant deviations from expected performance are investigated. 10-2 Any control system has three basic parts: a predetermined or standard performance level‚ a measure of actual performance‚ and a comparison between standard and actual performance. The system works by making the comparison between
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1. Define the following terms: a. aqueous solution- a solution in water b. colloid mixture of large molecules that will not settle or join with the other substance it is in c. concentration ratio of mass or volume of solute to mass or volume of solvent d. heterogeneous a mixture is made up by two or more different substance which are (mixed) together but are not combined e. homogenous mixture mixture that is uniform throughout f. Henry’s Law An expression for calculating the solubility
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CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES 2-20 (15–20 min.) Classification of costs‚ manufacturing sector. Cost object: Type of car assembled (Corolla or Geo Prism) Cost variability: With respect to changes in the number of cars assembled There may be some debate over classifications of individual items‚ especially with regard to cost variability. |Cost Item |D or I |V or F | |A
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Chapter 19 BALANCED SCORECARD: quality‚ time‚ and the theory of constraints 19-1 Quality costs (including the opportunity cost of lost sales because of poor quality) can be as much as 10% to 20% of sales revenues of many organizations. Quality-improvement programs can result in substantial cost savings and higher revenues and market share from increased customer satisfaction. 19-2 Quality of design refers to how closely the characteristics of a product or service meet the needs and wants of
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Chapter 4 HW: pg 125 #8 & #18 8. “Members of a society borrow from other cultures to solve problems that they face in common.” What does this mean? What is the significance to marketing? Because different cultures experience different events and hold different values‚ they provide a unique perspective towards a variety of problems. They may view a problem differently and provide insight that would be new to those from other cultures. An example would be “kaizen”. It is a Japanese word that essentially
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special equipment is a sunk cost and is not relevant to the decision. The common costs are allocated and will continue regardless of whether or not the racing bikes are discontinued; thus‚ they are not relevant to the decision. Alternative Solution: |
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7-17 Healthy Hearth has sufficient excess capacity to handle the one-time order for 1000 meals next month. Consequently‚ the analysis focuses on incremental revenues and costs: |Incremental revenue per meal |$3.50 | |Incremental cost per meal | 3.00 | |Incremental CM per meal |$0.50 | |Number of meals
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