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September 2023 Demand Elasticity Please read the article Hainer R 2010 provided in the required readings section for

2024 Ashford BUS 640 Week 2 DQ 2 Assignment Help

Demand Elasticity Please read the article Hainer R 2010 provided in the required readings section for 2023

Demand Elasticity Please, read the article Hainer, R. (2010), provided in the required readings section for this week. The tobacco industry is a prime example to consider when talking about price elasticity of demand. While nicotine use can be addictive for many users, it is not addictive for the so-called “social smokers”. What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of “social smokers”? Can we say whose demand is likely to be more elastic? Why? Guided Response: Provide your response to the discussion question in 300 words or more. Further, comment on the effectiveness of government policy aimed at reducing the negative effects of smoking on health. For example, consider high taxation on producers? – is that effective? Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.

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September 2023 Prominent Leaders Use the Ashford Library to research a prominent leader living

2024 Prominent Leaders Assignment Help

Prominent Leaders Use the Ashford Library to research a prominent leader living 2023

Prominent Leaders Use the Ashford Library to research a prominent leader, living or deceased, who you admire. Explain whether the leader’s style is transactional or transformational. What type of leadership characteristics does the leader demonstrate? What aspects of servant leadership does the leader exhibit? Provide relevant examples to support your claims. The paper should be three to four pages in length (excluding title and reference pages). At least two scholarly references (a minimum of one being from the Ashford Library) plus the course textbook must be utilized in the research. The paper should also reflect proper APA format and style and integrate resources with in-text citations to support the writing. Vocabulary and course content should be integrated throughout the paper.

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September 2023 Due by 10 22 2015 8 30 pm EST References cited Each post must be 250 words Information

2024 Week 4 Discussion Posts Assignment Help

Due by 10 22 2015 8 30 pm EST References cited Each post must be 250 words Information 2023

Due by 10/22/2015 8:30 pm EST. References cited. Each post must be 250 words. Information Graphics What are some examples of information graphics? What type of information is appropriate to present in a graphic? How can graphics enhance written communication in print and online media? Respond to at least two of your classmates’ postings. Editing Text for Graphics Discuss strategies for editing text to accompany photos and graphics. What makes a cutline for a photo or graphic effective, or not effective? Provide examples to illustrate your points. Respond to at least two of your classmates’ postings.

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September 2023 Question 1 Accounting Cycle Financial statements are a product of the accounting cycle Think about two different companies

2024 Accounting Questions Assignment Help

Question 1 Accounting Cycle Financial statements are a product of the accounting cycle Think about two different companies 2023

Question 1 Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not? Question 2 Bank Reconciliation What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements? Each questions answer needs to be 250 words. Thank you.

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September 2023 Read the following article Baye M R Gatti J Rupert J Kattuman P Morgan J 2007 A dashboard

2024 Comparison of pricing Strategies Assignment Help

Read the following article Baye M R Gatti J Rupert J Kattuman P Morgan J 2007 A dashboard 2023

Read the following article: Baye, M. R., Gatti, J., Rupert J., Kattuman, P., & Morgan, J. (2007). A dashboard for online pricing , California Management Review, 50 (1), 202–216. (AN 27337872). Write an article review answering the following questions: What are the main ideas of the article? Based on your own knowledge, experience, and readings, do you agree or disagree with the ideas in the article? Explain. How will you apply the ideas in this article to your course project? At the beginning of the online era, many pundits—including The Economist—concluded that the online retail industry was an unpromising one for firms seeking competitive advantage: The explosive growth of the Internet promises a new age of perfectly competitive markets. With perfect information about prices and products at their fingertips, consumers can quickly and easily find the best deals. In this brave new world, retailers’ profit margins will be competed away, as they are all forced to price at cost.1 Things have not quite turned out the way the The Economist predicted. Prices have not been driven to marginal cost—indeed, the “law of one price” does not hold in online markets.2 Moreover, major players with identifiable brands and pricing power over consumers, such as Amazon, have emerged from the sea of competitors in both U.S. and European online markets. What innovations in pricing strategy are required for a firm to be successful in an e-retail market? This article uses insights gleaned from five cases studies of pricing in online markets to highlight several innovative pricing strategies for e-retailers. The cases are drawn from the experiences of online retailers at the price comparison site, Kelkoo. A subsidiary of Yahoo!, Kelkoo boasts over 4 million visits per month from consumers within the UK alone, and price listings by over 4,000 retailers, including more than 40 of the 50 largest Internet retailers in the UK. It is the largest price comparison site in all of Europe. Based on the lessons drawn from the cases, we offer a “dashboard” for online pricing—a set of tools for assessing (and possibly reshaping) pricing strategies in the highly dynamic online environment. While our focus is on innovative pricing strategies for online markets, the prerequisites for competitive advantage in offline markets are still operative in online space.3 Brand recognition, firm reputation, and store location (placement on the screen) are important to a successful online business. However there are unique features of online markets that necessitate innovations relative to traditional offline markets, and it is important to assess how these features impact successful online pricing strategies. The online marketplace differs from physical markets in a number of significant respects. One of the most important differences is the ease with which online consumers and rival retailers may access comparative information about seller characteristics and prices.4 The fact that search engines, shopbots, and price comparison sites provide both consumers and firms with a wealth of information—merely at the cost of a click—is a two-edged sword. While consumer access to price information tends to sharpen price competition, firms’ access to this information creates opportunities for innovative pricing strategies that are not generally feasible (or even necessary) in offline markets. Online customers often search at the product level rather than by store. By the time a consumer is ready to make a purchase, she will likely have compared a variety of attributes, including prices, at alternative e-retail outlets. This fundamentally changes the nature of competition faced by e-retailers, who increasingly compete at the individual product level rather than across broad product categories. Consumers are much more selective in online markets. Accordingly, specialization in the provision of niche products, where competition may be weaker, can be a profitable strategy in online markets. Thus, in contrast to offline markets, pricing and yield management strategies in online markets must be product specific. For offline firms looking to tap into online markets, a fundamental rethinking of time-honored pricing policies—such as applying the same markup to similar products sold at the store—is required. The timing and tailoring of prices to specific models of products is the key to successful pricing in online markets. In online markets, it is technically feasible—even strategically desirable—to frequently change the prices of individual products. With the tempo of price changes by competitors being measured in days rather than weeks, price management requires a dashboard to monitor and respond to the dynamic nature of online markets. To summarize, online markets are considerably more fluid than their offline counterparts because consumers are increasingly searching for specific models of products. Additionally, the number of rivals selling a particular product—and their prices—change almost daily. Further adding to the dynamics, for many products sold online the pace of technological change translates into dramatically shortened product life cycles. A one-size-fits-all pricing policy, prescribed from on high, is unlikely to yield satisfactory results in online markets. Successful e-retailers use a variety of innovative, dynamic, and product-specific pricing strategies.

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September 2023 Question 1 of 20 1 0 Points Accepted characters numbers decimal point markers period or comma sign indicators

2024 Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point m Assignment Help

Question 1 of 20 1 0 Points Accepted characters numbers decimal point markers period or comma sign indicators 2023

Question 1 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. The percent defective for parts produced by a manufacturing process is targeted at 4%. The process is monitored daily by taking samples of sizes n = 160 units. Suppose that today’s sample contains 14 defectives. Determine a 95% confidence interval for the proportion defective for the process today. Place your LOWER limit, rounded to 3 decimal places, in the first blank. For example, 0.123 would be a legitimate answer. [removed] Place your UPPER limit, rounded to 3 decimal places, in the second blank. For example, 0.345 would be a legitimate entry. [removed] Question 2 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. After calculating the sample size needed to estimate a population proportion to within 0.05, you have been told that the maximum allowable error (E) must be reduced to just 0.025. If the original calculation led to a sample size of 1000, the sample size will now have to be [removed]. Place your answer, as a whole number in the blank. For example, 2345 would be a legitimate entry. Question 3 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. Senior management of a consulting services firm is concerned about a growing decline in the firm’s weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm’s full-time employees, the management randomly selected a sample of size 51 from the available frame. The sample mean and sample standard deviations were 48.5 and 7.5 hours, respectively. Construct a 95% confidence interval for the standard deviation of the number of hours this firm’s employees spend on work-related activities in a typical week. Place your LOWER limit, in hours, rounded to 1 decimal place, in the first blank. For example, 6.7 would be a legitimate entry. [removed] Place your UPPER limit, in hours, rounded to 1 decimal place, in the second blank. For example, 12.3 would be a legitimate entry. [removed] Question 4 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. A sample of 9 production managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000. Assuming that s = 18,000 is a reasonable estimate for what sample size would be needed to ensure that we could estimate the true mean salary of all production managers with more than 15 years experience within $4200 if we wish to be 95% confident? Place your answer, as a whole number, in the blank. Do not use a dollar sign, a comma, or any other stray mark. For examples, 34 would be a legitimate entry. [removed] Question 5 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. Senior management of a consulting services firm is concerned about a growing decline in the firm’s weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm’s full-time employees, the management randomly selected a sample of size 51 from the available frame. The sample mean and sample standard deviations were 48.5 and 7.5 hours, respectively. Construct a 90% confidence interval for the standard deviation of the number of hours this firm’s employees spend on work-related activities in a typical week. Place your LOWER limit, in hours, rounded to 1 decimal place, in the first blank. For example, 6.7 would be a legitimate entry. [removed] Place your UPPER limit, in hours, rounded to 1 decimal place, in the second blank. For example, 12.3 would be a legitimate entry. [removed] Question 6 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. The personnel department of a large corporation wants to estimate the family dental expenses of its employees to determine the feasibility of providing a dental insurance plan. A random sample of 12 employees reveals the following family dental expenses (in dollars): 115, 370, 250, 593, 540, 225, 177, 425, 318, 182, 275, and 228. Construct a 90% confidence interval estimate for the standard deviation of family dental expenses for all employees of this corporation. Place your LOWER limit, in dollars rounded to 1 decimal place, in the first blank. Do not use a dollar sign, a comma, or any other stray mark. For example, 123.4 would be a legitimate entry. [removed] Place your UPPER limit, in dollars rounded to 1 decimal place, in the second blank. Do not use a dollar sign, a comma, or any other stray mark. For example, 567.8 would be a legitimate entry. [removed] Question 7 of 20 1.0 Points Accepted characters : numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. Assume 50 random samples of the same sample size are taken from a population, and a 90% confidence interval is constructed from each sample. How many of the intervals would you expect to contain the true population mean? Answer: [removed]Round your answer to a whole number value as necessary. For example, 37 would be a legitimate entry. Part 2 of 3 – Question 8 of 20 1.0 Points A researcher wishes to know, with 98% confidence, the percentage of women who wear shoes that are too small for their feet. A previous study conducted by the Academy of Orthopedic Surgeons found that 80% of women wear shoes that are too small for their feet. If the researcher wants her estimate to be within 3% of the true proportion, how large a sample is necessary? [removed]A.966 [removed]B.683 [removed]C.183 [removed]D.484 Reset Selection Question 9 of 20 1.0 Points If you are constructing a confidence interval for a single mean, the confidence interval will___________ with an increase in the sample size. [removed]A.increase or decrease, depending on the sample data [removed]B.stay the same [removed]C.increase [removed]D.decrease Reset Selection Question 10 of 20 1.0 Points A sample of 23 European countries found that the variance of life expectancy was 7.3 years. What is the 95% confidence interval estimate for the variance of life expectancy in Europe? [removed]A.27.2 < < 118.3 [removed]B.5.6 < < 10.3 [removed]C.4.4 < < 14.6 [removed]D.28.9 < < 115.0 Reset Selection Question 11 of 20 1.0 Points In order to be accepted into a top university, applicants must score within the top 5% on the SAT exam. Given that SAT test scores are normally distributed with a mean of 1000 and a standard deviation of 200, what is the lowest possible score a student needs to qualify for acceptance into the university? [removed]A.1330 [removed]B.1400 [removed]C.1250 [removed]D.1100 Reset Selection Question 12 of 20 1.0 Points Compute where t 20 has a t-distribution with 20 degrees of freedom. [removed]A.0.6466 [removed]B.0.5334 [removed]C.0.1767 [removed]D.0.8233 Reset Selection Question 13 of 20 1.0 Points A food snack manufacturer samples 15 bags of pretzels off the assembly line and weighed their contents. If the sample mean is 10.0 and the sample standard deviation is 0.15, find the 95% confidence interval estimate for the true mean. [removed]A.(9.96, 10.04) [removed]B.(9.68, 10.32) [removed]C.(9.97, 10.80) [removed]D.(9.92, 10.08) Reset Selection Question 14 of 20 1.0 Points At a large department store, the average number of years of employment for a cashier is 5.7 with a standard deviation of 1.8 years. If the number of years of employment at this department store is normally distributed, what is the probability that a cashier selected at random has worked at the store for over 10 years? [removed]A.0.4916 [removed]B.0.9916 [removed]C.0.0084 [removed]D.0.0054 Reset Selection Question 15 of 20 1.0 Points From a sample of 500 items, 30 were found to be defective. The point estimate of the population proportion defective will be: [removed]A..06 [removed]B.16.667 [removed]C.30 [removed]D.0.60 Reset Selection Question 16 of 20 1.0 Points The average gas mileage of a certain model car is 26 miles per gallon. If the gas mileages are normally distributed with a standard deviation of 1.3, find the probability that a randomly selected car of this model has a gas mileage between 25.8 and 26.3 miles per gallon. [removed]A.0.15 [removed]B.0.85 [removed]C.0.70 [removed]D.0.30 Reset Selection Question 17 of 20 1.0 Points Confidence intervals are a function of which of the following three things? [removed]A.The sampling distribution, the confidence level, and the degrees of freedom [removed]B.The data in the sample, the confidence level, and the sample size [removed]C.The population, the sample, and the standard deviation [removed]D.The sample, the variable of interest, and the degrees of freedom Reset Selection Question 18 of 20 1.0 Points When you calculate the sample size for a proportion, you use an estimate for the population proportion; namely . A conservative value for n can be obtained by using = ______ . [removed]A.0.50 [removed]B.0.05 [removed]C.0.10 [removed]D.0.01 Reset Selection Part 3 of 3 - Question 19 of 20 1.0 Points The lower limit of the 95% confidence interval for the population proportion p, given that n = 300; and = 0.10 is 0.1339. [removed]True [removed]False Reset Selection Question 20 of 20 1.0 Points In general, increasing the confidence level will narrow the confidence interval, and decreasing the confidence level widens the interval. [removed]True [removed]False Reset Selection

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September 2023 Global opportunities Based on your Unit 4 IP and Unit 3 DB Select 1 country where the

2024 marketing Assignment Help

Global opportunities Based on your Unit 4 IP and Unit 3 DB Select 1 country where the 2023

Global opportunities: Based on your Unit 4 IP (and Unit 3 DB), Select 1 country where the product could be successful. Provide a short 200-word summary of your company/product information (Unit 4 IP) so that your peers understand your country selection a bit better. Explain how your product could be expanded into the global marketplace by writing a narrative of 200-400 words that justifies the following: ? The country’s current marketplace and competitive environment, consider this website for a start. ? The country’s economic situation . ? 1 cultural value that matches your home country’s product values. ? 2 demographic characteristics of your proposed target market. ? The recommendation for expanding into the selected global market, or a general statement that outlines the conducted research.

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September 2023 Defining the Problem and Setting Objectives Refine and pose a reasonably complex problem definition along with a

2024 Defining the Problem and Setting Objectives

Refine and pose a reasonably complex problem definition along with a set of objectives (elements that you… Assignment Help

Defining the Problem and Setting Objectives Refine and pose a reasonably complex problem definition along with a 2023

Defining the Problem and Setting Objectives Refine and pose a reasonably complex problem definition along with a set of objectives (elements that you want to exist in your solution). Do not go beyond the objectives stage. Remember: Objectives are the desirable traits of a potential solution. They are not alternatives and they are not action steps . This can be tricky, so think carefully and evaluate your list! Provide your view and just enough background detail to allow the reader to understand the problem and objectives. The length should be between 550 and 800 words (excluding the title page and references). Assignments under 550 and over 800 words will attract penalties. Formal writing is required using APA. Copied input, quotations, and paraphrasing require citations and references conforming to APA 6 th edition standards to avoid the dire consequences of plagiarism and cheating. Formal research is not required

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September 2023 Marquis Company estimates that annual manufacturing overhead costs will be 889 000 Estimated annual

2024 Marquis Company estimates that annual manufacturing overhead costs will be $889,000. Estimated annual operating activity bases are direct labor cost… Assignment Help

Marquis Company estimates that annual manufacturing overhead costs will be 889 000 Estimated annual 2023

Marquis Company estimates that annual manufacturing overhead costs will be $889,000. Estimated annual operating activity bases are direct labor cost $409,000, direct labor hours 51,500, and machine hours 109,500. Compute the predetermined overhead rate for each activity base. Overhead rate per direct labor cost (Round answers to 2 decimal places, e.g. 110.10%.) [removed] % Overhead rate per direct labor hour (Round answers to 2 decimal places, e.g. $10.50.) $ [removed] Overhead rate per machine hour (Round answers to 2 decimal places, e.g. $10.50.) $ [removed]

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September 2023 ACCT 504 Accounting and Finance Managerial Use and Analysis Week 4 Week 4 DQ 1 Internal Control Cash

2024 ACCT 504 Week 4 DQ Assignment and Midterm Exam 3 Sets Devry Assignment Help

ACCT 504 Accounting and Finance Managerial Use and Analysis Week 4 Week 4 DQ 1 Internal Control Cash 2023

ACCT 504 Accounting and Finance, Managerial Use and Analysis Week 4 Week 4 DQ 1: Internal Control, Cash and Receivables Understanding Internal Control and Reporting Cash (Graded) In this thread, we will talk about the importance of internal control in a business organization and the definition and reporting of cash on the balance sheet. What is internal control and what are the objectives of a good internal control structure in an organization? Week 4 DQ 2: Internal Control, Cash and Receivables Accounting for and Reporting Receivables (Graded) Receivables constitute an important line item on a company’s balance sheet. In this thread, we will discuss the accounting for receivables, the ways to estimate uncollectible accounts, and how companies manage their receivables. How do companies account for the possibility that some of their customers might not pay down the road? Week 4 Assignment (International Business & Career Research Part I & II). (450+ Words) Week 4 Midterm Exam Set 1 (TCOs A, B, and C) Which of the following statements concerning users of accounting information is incorrect? (TCO C) Paying back long-term debt is an example of a(n) (TCO A) Resources owned by a business are referred to as (TCO A) On a classified balance sheet, prepaid expenses are classified as (TCO B) For 2012, LBJ Corporation reported net income of $40,000; net sales $1,400,000; and weighted average shares outstanding of 10,000. There were no preferred stock dividends. What was the 2012 earnings per share? (TCO D) Which of the following describes the normal balance and classification of the dividends account? (TCO E) The accrual accounting term used to indicate an item paid in advance or the receipt of cash in advance is (TCOs A and B) A perpetual inventory system would most likely be used by a(n) (TCOs A and B) LBJ Company recorded the following events involving a recent purchase of merchandise. (TCO A) In periods of rising prices, which of the following inventory methods results in the lowest income taxes? (TCO D) Describe the process of preparing a trial balance. What is the purpose of preparing a trial balance? If a trial balance does not balance, identify what might be the reasons why it does not balance. If the trial balance does balance, does that ensure that the ledger accounts are correct? Explain. (TCOs B and E ) The Caltor Company gathered the following condensed data for the Year Ended December 31, 2010. (TCO D and E ) Please prepare the following journal entries. Indicate which account should be debited and which account should be credited, along with the dollar amount of the debit and credit. A: Investors invest $600,000 in exchange for 30,000 shares of common stock. B: Company paid rent of $3,000. C: Company billed $5,000 for services performed. D: Company purchased supplies of $3,000. E: Company received $20,000 for services not yet performed. (TCO D) Your friend Dean has hired you to evaluate the following internal control procedures. A: Explain to your friend whether each of the numbered items below is an internal control strength or weakness. You must also state which principle relates to each of the internal controls. B: For the weaknesses, you also need to state a recommendation for improvement. M idterm Exam Set 2 TCO A, B, C) Which of the following statements concerning users of accounting information is incorrect? (TCO C) Issuing shares of stock in exchange for cash is an example of a(n) (TCO C) Which activities involve putting the resources of the business into action to generate a profit? (TCO A) The cost of assets consumed or services used is also known as (TCO C) Edwards Company recorded the following cash transactions for the year (TCO A) On a classified balance sheet, prepaid insurance is classified as (TCO A) An intangible asset (TCO A) These are selected account balances on December 31, 2007………….What is the total NET amount of property, plant, and equipment that will appear on the……? (TCO B) For 2010, Landford Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share? (TCO B) Liondale Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year, they issued common stock totaling $141,000. There were no dividends issued. What was their net income for the year? (TCO D) On March 1, 2010, Dillon Company hires a new employee who will start the work on March 6. The employee will be paid on the last day of each month. Should a journal entry be made on March 6? Why or why not? (TCO D) Which one of the following is not a part of an account? (TCO D) Which of the following describes the classification and normal balance of the retained earnings account? (TCO D) A debit is the normal balance for which account listed below? (TCO D) Which of the following accounts follows the rules of debit and credit in relation to increases and decreases in the opposite manner? (TCO E) An accounting time period that is one year in length is called (TCO E) In a merchandising business, revenue may be considered earned when (TCO E) On April 1, 2010, M Corporation paid $48,000 cash for equipment that will be used in business operations. The equipment will be used for four years and will …. (TCO E) The following is selected information from M Corporation for the fiscal year ending October 31, 2010:…, what is M Corporation’s net income for the year ending….? (TCO E) Adjusting entries are made to ensure that (TCO A, B) Which of the following expressions is incorrect? (TCO B) Hunter Company purchased merchandise inventory with an invoice price of $3,000 and credit terms of 2/10, n/30… (TCO A, B) Jake’s Market recorded the following events involving a recent purchase of merchandise………As a result of these events, the company’s merchandise inventory: (TCO A) The factor which determines whether or not goods should be included in a physical count of inventory is…….. (TCO A) Barnes Company is taking a physical inventory on March 31, the last day of its fiscal year. Which of the following must be included in this inventory count? (TCO A) A problem with the specific identification method is tha (TCO A) Which of the following statements is true regarding inventory cost flow assumptions? (TCO A) In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the (TCO B) Which of the following is a true statement about inventory systems? (TCO B) A merchandiser that sells directly to consumers is TCO D) A classmate is considering dropping his accounting class because he cannot understand the rules of debits and credits. Explain the rules of debits and ….. (TCOs B & E) The Caltor Company gathered the following condensed data for the year ended December 31, 2010 Midterm Exam Set 3 (TCO A, B, C) Which of the following statements concerning users of accounting information is incorrect? (Points : 3) (TCO C) Issuing shares of stock in exchange for cash is an example of a(n) (Points : 3) (TCO C) The statement of cash flows would disclose the payment of a dividend (Points : 3) (TCO A) The cost of assets consumed or services used is also known as (Points : 3) (TCO C) Finley Company recorded the following cash transactions for the year:….What was Finley’s net cash provided by operating activities? (Points : 3) (TCO A) A current asset is (Points : 3) (TCO A) Which of the following is not considered an asset? (Points : 3) (TCO A) These are selected account balances on December 31, 2007….What is the total NET amount of property, plant, and equipment….? (Points : 3) (TCO B) For 2007 Landford Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 earnings per share? (Points : 3) (TCO B) Liondale Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year, they issued common stock totaling $141,000. There were no dividends issued. What was their net income for the year? (Points : 3) (TCO D) Is the purchase of equipment treated as an expense at the time of purchase? Why or why not? (Points : 3) (TCO D) Which one of the following is not a part of an account? (Points : 3) (TCO D) The classification and normal balance of the dividend account is (Points : 3) (TCO D) A debit is not the normal balance for which account listed below? (Points : 3) (TCO D) Which of the following accounts follows the rules of debit and credit in relation to increases and decreases in the opposite manner? (Points : 3) Page Two (TCO E) One of the accounting concepts upon which adjustments for prepayments and accruals are based is (Points : 3) (TCO E) In a merchandising business, revenue may be considered earned when (Points : 3) (TCO E) Why do generally accepted accounting principles require the application of the revenue recognition principle? (Points : 3) The following is selected information from M Corporation for the fiscal year ending October 31, 2007: (TCO E) The general term employed to indicate an expense that has not been paid or revenue that has not been received and has not yet been recognized in the accounts is (Points : 3) (TCO B) A merchandiser that sells directly to consumers is a (Points : 3) (TCO A,B) Detailed records of movements in merchandise (each purchase and sale) are not maintained in the inventory account in a (Points : 3) (TCO B) Hunter Company purchased merchandise inventory with an invoice price of $12,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Hunter Company pays within the discount period? (Points : 3) (TCO A) Zach’s Market recorded the following events involving a recent purchase of merchandise. As a result of these events, the company’s merchandise inventory (Points : 3) (TCO A) The factor which determines whether or not goods should be included in a physical count of inventory is (Points : 3) (TCO A) Which statement is false? (Points : 3) (TCO A) Which of the following items will increase inventoriable costs for the buyer of goods? (Points : 3) (TCO A) Which of the following statements is true regarding inventory cost flow assumptions? (Points : 3) (TCO A) In a period of declining prices, which of the following inventory methods generally results in the lowest balance sheet figure for inventory? (Points : 3) (TCO B) Which of the following is a true statement about inventory systems? (Points : 3)

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