for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods warehouse and the journal entry would include a debit to Work in Process. F 6. If the actual manufacturing overhead cost for a period exceeds the manufacturing overhead cost applied‚ then manufacturing overhead would be considered to be underapplied. T 7. In calculating cost per equivalent unit under the weighted-average method
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individual has their own financial goals‚ but as a whole everybody aims at higher return on investment which possibly be non-tax deductible in most countries. Long-term investment portfolios are perhaps the only means for realizing a two-digit return. Deposits rarely give more than 5 per cent and usually these are outweighed by the inflation. Long term stock investments are recommendable for most people‚ not only professional investors‚ as usually they do not require good and effective timing of the
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CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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Statistics Chapt. 6 Wksht Name__Solutions_______________ Date_________________________ Answer the following questions from the given situation. Suppose a Normal model describes the fuel efficiency of cars currently registered in your state. The mean is 24 mpg‚ with a standard deviation of 6 mpg. -3σ - 2σ -1σ μ 1σ 2σ 3σ 1. Sketch the Normal model (label). 68% 95% 99.7 % 2. What percent of cars get less than 15 mpg? 15 24 z 1.5 P(y<15)=P(z<-1.5)=6.7% 6 12 18 24 30 36 42 6 3. What percent
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COLUMN Class; b. How would you remove the Registration table? DROP TABLE Registration_T; c. How would you change the FacultyName field from 25 characters to 40 characters? ALTER TABLE Faculty_T ALTER COLUMN FacultyName TYPE VARCHAR2(40); 6. Write SQL queries to answer the following questions: a. Which students have an ID number that is less than
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You deposit $1‚000 in a savings account that pays 9 percent interest‚ compounded annually. How much will your account be worth in 6 years? a. $1‚054.00 b. $1‚199.00 c. $1‚677.10 d. $1‚689.48 e. $7‚523.33 PV of a single payment Answer: b Diff: E . You can earn 8 percent interest‚ compounded annually. How much must you deposit today to withdraw $10‚000 in 6 years? a. $5‚402.69 b. $6‚301.70 c. $6‚756.76 d. $8‚432.10 e. $9‚259.26 PV of a single payment Answer: e Diff: E . You
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EXERCISE 14-1 (15-20 minutes) Valuation account relating to the long-term liability‚ bonds payable (sometimes referred to as an adjunct account). The 3‚000 would continue to be reported as long-term. Current liability if current assets are used to satisfy the debt. Current liability‚ 200‚000 long-term liability‚ 800‚000. Current liability. Probably noncurrent‚ although if operating cycle is greater than one year and current assets are used‚ this item would be classified as current. Current liability
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and statistics. COURSE DESCRIPTION: This course is an examination of the topics of traditional financial management‚ with an emphasis on working capital management‚ short term financing‚ leverage‚ capital structure‚ and discounted cash flow techniques. TEXTBOOK: Financial Management: Principles and Applications‚ 11th edition. By Titman‚ Keown and Martin‚ Pearson and Tsinghua University Press. ISBN: 9787302342076 COURSE RESOURCES Introduction to the library for international students: http://libguides
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Chapter 2: National Income Accounting Difficulty: Easy 1. In calculating this year’s GDP‚ national income accountants A) include any increase in stock values B) include an estimate for income from illegal activities C) exclude Social Security payments to retirees D) exclude the value of any repairs made on existing property E) exclude the value of new pollution control equipment that is being installed Ans: C Difficulty: Medium 2. Assume you built a new house‚ bought a used
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Personal Finance Personal finance is the application of the principles of finance to the monetary decisions of an individual or family. It addresses the ways in which individuals or families obtain‚ budget‚ save‚ and spend monetary resources over time‚ taking into account various financial risks and future life events. It refers to the financial decisions which an individual or a family unit is required to make to obtain‚ budget‚ save‚ and spend monetary resources over time‚ taking into account
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