zilongwang/ReadingBank huggingface dataset:
blog (78) blogger (78) browser (65) chat (91) chat room (91) Chrome (67) content aggregation (83) domain name (63) e-commerce (82) email (88) email list (90) email program (88) emoticons (94) favorites (67) Firefox (67) FTP (92) GB (61) GPS (70) GPS receiver (70) graphic (85) home page (66) hot spot (59) Internet (56) Internet Explorer (67) Internet messaging (90) Internet service provider (ISP) (61) IP address (62) MB (61) mobile service provider (61) netiquette (94) online auction (82) online discussion (91) online social network (72) Opera (67) PDF (86) pop-up blocker (66) pop-under blocker (66) portal (82) responsive web design (84) Safari (67) search engine (71) social media (76) streaming (79) tabbed browsing (66) tag (75) traffic (62) user name (88) virtual reality (87) VoIP (92) web (65) web address (68) web publishing (84) web server (65) webpage (65) website (65) wiki (78) Wide Web (WWW) (65) analog (60) animation (86) anonymous FTP (92) Anticybersquatting Consumer Protection Act (64) ARPANET (56) audio (86) bandwidth (61) blogosphere (78) bookmarks (67) bookmarking site (75) broadband (58) business-to-business (B2B) e-commerce (82) business-to-consumer (B2C) e-commerce (82) cable Internet service (59) cache (66) catfishing (77) (63) storage (69) consumer-to-consumer (C2C) e-commerce (82)
contacts folder (89) content management system (84) curation website (83) cyberbullying (94) discussion forum (91) DNS server (64) domain name system (DNS) (64) dongle (58) DSL (59) dynamic webpage (65) electronic storefront (81) e-retail (81) email address (88) extended contacts (73) FAQ (94) to the Premises (FTTP) (59) fixed wireless (59) flames (94) flame wars (94) friends (73) FTP server (92) gigabyte (61) hashtag (73) hits (71) host (56) http (69) ICANN (63) infographic (86) Internet backbone (62) intranet (78) JPEG (86) keyloggers (80) like (73) LISTSERV (90) location sharing (66) m-commerce (82) player (87) media sharing site (75) megabyte (61) microblog (78) mobile app (69) mobile broadband (59) mobile browser (65) MP3 (87) multimedia (85) news feed (73) phishing (66) phishing filter (66) plug-in (88) PNG (86) pop-up ad (66) pop-under ad (66) private browsing (66) proxy server (66) real time (90) registrar (63) satellite Internet service (59) search text (71) shopping cart (81) social networking site (72) spoiler (94) static webpage (65) status update (73) subscribe (90) subject directory (72) tethering (60) thread (91) thumbnail (85) top-level domain (TLD) (63) troll (77) unsubscribe (90) uploading (93) URL (68) (87) W3C (58) Web 2.0 (65) web app (69) web feed (69) web hosting service (64) Wi-Fi (59) wireless modem (58)
% Get linear fit % Note that this is not perfect, since the fit does not go through the % origin. For a perfect fit, will need to use a more involved fit such as % lsqlin with the Matlab optimization toolbox % The first order poly fit will return the slope and intercept of the best % line fit [P]=polyfit(vm,im,1); % Construct curve for linear fit to plot v = linspace(-2.5,2.5,100); for i = 1:100 I(i) = v(i)*P(1); end R=1/P(1) plot(vm,im,'o',v,I,'LineWidth',1.0); xlabel('Voltage (V)','FontSize',14); ylabel('Current (mA)','FontSize',14); set(gca,'Fontsize',14,'LineWidth',1.0) 52. Utilize the fact that in the circuit of Fig. 2.39, the total power supplied by the voltage source must equal the total power absorbed by the two resistors to show that VR2 = VS (R2)/(R1 + R2). You may assume the same current flows through each element (a requirement of charge conservation). The power supplied by the voltage source is Vs I. The power absorbed by resistor R1 is I2R1. The power absorbed by resistor R2 is I2R2. Since we know that the total power supplied is equal to the total power absorbed, we may write: Vs I = I2R1 + I2R2 or Vs = I R1 + I R2 Vs = I (R1 + R2) By Ohm’s law, I = / R2 so that Vs = Solving for we find 53. For the circuit in Figure 2.39, suppose that the resistor R2 represents a very sensitive and expensive piece of electronics. To ensure that the equipment is not damaged, R1 is incorporated to represent a fuse, with a rating of 5A and resistance of 0.1 Ω. If the voltage source is 12 V,
26 up to 30 85 – 70 = 15 15/100 = 0.15 0.70 + 0.15 = 0.85 30 up to 34 96 – 85 = 11 11/100 = 0.11 0.85 + 0.11 = 0.96 34 up to 38 100 – 96 = 4 4/100 = 0.04 0.96 + 0.04 = 1 Total = 100 Total = 1 Fifteen guests were at least 26 but less than 30 years old; 25% of the guests were at least 22 but less than 26 years old; 96% of the guests were younger than 34 years old; 4% were 34 years or older. The histogram shows a positively skewed data set reflecting the relatively young age of the nightclub’s guests. No. The distribution is not symmetric. It is positively skewed. Forty-four percent of the states had median household income between $45,000 and $55,000. percent of the states had median household income between $35,000 and $55,000. Draw a vertical line through Income of 50. It intercepts with the ogive at the point of about 0.5. Thus, about 50% of the states had median household income less than $50,000. Draw a vertical line through Income of 60. It intercepts with the ogive at the point of about 0.85. Thus, about 85% of the states had median household income less than $60,000. It is equivalent that about 15% of the states had median household of more than $60,000. No. The distribution is not symmetric. It is positively skewed. The minimum monthly stock price is approximately $50 and the maximum stock price is approximately $450.
If Jorge and Anita instead had $100,000 of additional tax deductions, their marginal tax rate on the deductions would be 22.41 percent. Marginal Tax Rate = = = 22.41% [LO 3] Scot and Vidia, married taxpayers, earn $240,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? Scot and Vidia will owe $54,417 in federal income tax this year computed as follows: $54,417 = $52,222.50 + 33% ($240,000 - $233,350). Scot and Vidia’s average tax rate is 22.67 percent. Average Tax Rate = = = 22.67% Scot and effective tax rate is 22.21 percent. Effective tax rate = = = 22.21% Scot and Vidia are currently in the 33 percent tax rate bracket. Their marginal tax rate on increases in income up to $176,700 and deductions up to $6,650 is 33 percent. [LO 3] Using the facts in problem 41, if Scot and Vidia earn an additional $70,000 of taxable income, what is their marginal tax rate on this income? How would your answer differ if they, instead, had $70,000 of additional deductions? If Scot and Vidia earn an additional $70,000 of taxable income, their marginal tax rate on the income is 33 percent. Marginal Tax Rate = = = 33% If Scot and Vidia instead had $70,000 of additional tax deductions, their marginal tax rate on the deductions would be 28.48 percent. Marginal Tax Rate = = = 28.48% [LO 3, LO 4] Melinda invests $200,000 in a City of Heflin bond that pays 6 percent interest. Alternatively, Melinda could have invested the $200,000 in a
With a manual system, the employee must weigh the relevant selection factors and use his/her knowledge, experience, and judgment to select the supplier. The number of employees you will need. Use of a system that automatically selects the supplier for each purchase will reduce the number of employees needed, because a portion of the business process has been to the computer side and less work is done on the human side. With a manual system, more work is performed on the human side, thereby requiring more employees. Your criteria for hiring employees. A system that automatically selects the supplier for each purchase will simplify employee hiring criteria. As the procedures followed on the human side have been simplified, lower standards in terms of experience and knowledge of purchasing will be acceptable. With a manual system, employee hiring criteria will be higher and more complex, because employees with experience and a good understanding of supplier selection decisions will be needed. Your management practices. When using a system that automatically selects the supplier for each purchase, management oversight will focus primarily on ensuring that the rules followed by the system are correctly established. Once established, management can rely on the system to follow these rules. With a manual system, management will need to ensure that the employees are properly trained, and then continual management oversight will be needed to monitor the employees’ performance and ensure that proper supplier selection decisions are being made. The degree of autonomy for your employees. A system that automatically selects the supplier for each purchase substantially reduces employee autonomy. A system that gives the employee the task of selecting the supplier for each purchase makes the employee much more autonomous and adds a considerable amount of interest and challenge to the job. Your flexibility in managing your department. Having a human perform the selection of a supplier for a purchase will keep the management of the department much more flexible. As supplier selection criteria change and evolve, it will be much easier to modify and adapt the behavior of humans in performing this task. Although the computer can follow whatever decision rules it has been given quite easily, it is harder to adapt the rules it follows quickly and easily. In addition, the computer cannot recognize situations in which its rules need to be changed, whereas a human can recognize that
You may wish to point out the useful table that summarizes common transaction terminology on page 58 of the text. TM 2-6 shows a series of transactions recorded in a two-column journal. Use this exhibit to review the two-column journal format with your students. You may want to stress the following format issues: Dates: The year is entered only at the top of the date column. The month is entered on the first line of the date column on each page; it is also entered for the first transaction whenever changing to a new month. The date is entered for each transaction. The description column is where account names are entered. Debited accounts should be on top, and credited accounts should be on the bottom and indented to the right (credits are always on the right). Proper journalizing always has at least one debit and one credit, and total debits must always equal total credits. Proper journalizing will keep the accounting equation in balance. Explanations: A description of the transaction should be written below the debit and credit account titles. This description may be omitted if the transaction is a normal business occurrence and its nature is obvious from the entry. When calculations are required, they should be noted here. Blank Lines: A blank line should separate all transactions in a manual journal to make them easier to read. Computerized systems are normally designed to separate journal entries without special input. It is also helpful to emphasize the importance of using the correct journal entry format of left justifying debits and indenting credits by writing the following entry on the board and asking students to identify what is wrong: Supplies 500 Cash 500 Since the credit in the entry is not indented, it is difficult to identify the debit and the credit. Were supplies purchased using cash, or were they sold for cash? In most computerized systems, the indention of the of accounts credited is not necessary because debits and credits are recorded in separate columns. OBJECTIVE 3 Describe and illustrate the journalizing and posting of transactions to accounts.
BS BS BS BS BS BS BS RE IS IS IS IS Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total $13,900 2,100 400 5,200 500 1,300 600 ____200 $24,200 $1,900 11,000 8,000 3,300 _______ $24,200 (5-10 min.) S 2-14 e 1 Posting d 2 Normal balance g 3 Payable a 4 Journal b 5 Receivable h 6 Chart of accounts c 7 Debit f 8 Trial balance i 9 Credit Exercises (10-15 min.) E 2-15A
16 J.6 2,900 4,600 18 J.6 2,800 7,400 SUPPLIES ACCOUNT NO. 115 POST. BALANCE DATE ITEM REF. DEBIT CREDIT CREDIT Sep 15 Bal. √ 100 23 J.6 300 400 EQUIPMENT ACCOUNT NO. 140 POST. BALANCE DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT Sep 15 Bal. √ 13,000 ACCOUNTS PAYABLE ACCOUNT NO. 210 POST. BALANCE DATE ITEM REF. CREDIT DEBIT CREDIT Sep 15 Bal. √ 4,500 23 J.6 300 4,800 Trial Trial
Jul 11 2,200 Jul 28 700 Jul 31 1,700 23 1,500 Bal. 1,700 Bal. 3,000 Supplies Service revenue Jul 3 600 Jul 5 2,700 Bal. 600 11 2,200 19 2,000 23 1,500 Bal. 8,400 Furniture Salaries Expense Jul 3 2,100 Jul 14 500 Bal. 2,100 31 500 Bal. 1,000 Land Rent Expense Jul 8 23,000 Jul 31 1,400 Bal. 23,000 Bal. 1,400 Req. 5 Sarsfield & Associates, Inc. Balance July 31, 2012 BALANCE ACCOUNT DEBIT CREDIT Cash $ 71,200 Accounts receivable 3,000 Supplies 600
ACCOUNTS PAYABLE ACCOUNT NO. 210 POST. BALANCE DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT Jan 15 Bal. √ 4,500 23 J.6 400 4,900 27 J.6 2,100 2,800 COMMON STOCK ACCOUNT NO. 311 POST. BALANCE DATE ITEM REF. DEBIT CREDIT CREDIT Jan 15 Bal. √ 21,600 DIVIDENDS ACCOUNT NO. 315 POST. BALANCE DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT Jan 15 Bal. √ 2,800 25 J.6 1,400 4,200
Req 4 Yard Care, Inc. Balance April 30, 2012 ACCOUNT DEBIT CREDIT Cash Accounts receivable Lawn supplies Equipment Accounts payable Common stock Service revenue Fuel expense Total $2,215 50 75 1,200 60 $3,600 $1,200 1,500 900 . $3,600 Continuing Problem Req. 1 Journal Page 6 DATE ACCOUNTS POST. REF. Dr. Cr. Jun 1 Salaries expense 550 Cash 550 2 Land 17,000 Cash 17,000 3 Rent expense 1,800 Cash 1,800
EXERCISES E1–1. Term or Abbreviation Definition J F H E A D I L C K G B M (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) SEC Audit Sole proprietorship Corporation Accounting Accounting entity Audit report Publicly traded Partnership FASB CPA Unit of measure GAAP A system that collects and processes financial information about an organization and reports that information to decision makers. Measurement of information about an entity in terms of the dollar or other national monetary unit. An unincorporated business owned by two or more persons. The organization for which financial data are to be collected (separate and distinct from its owners). An incorporated entity that issues shares of stock as evidence of ownership. An examination of the financial reports to ensure that they represent what they claim and conform with generally accepted accounting principles. Certified Public Accountant. An unincorporated business owned by one person. A report that describes the auditor’s opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion. Securities and Exchange Commission. Financial Accounting Standards Board. A company with stock that can be bought and sold by investors on established stock exchanges. Generally accepted accounting principles. E1–2. A Accounts receivable A Cash and cash equivalents R Net sales L Notes payable L Taxes payable SE Retained earnings E Cost of products sold E Marketing, administrative, and other operating expenses E Income taxes L Accounts payable A Land A Property, plant, and equipment L Long-term debt A Inventories
cash received during the period was, $66,000 – 11,000 = $55,000. (b) –0– +56,000 Cash borrowed is not income. (c) –0– –12,500 Purchase of the truck does not represent an expense until it is used (it is an asset); cash outflow was $12,500. (d) –25,000 –12,500 All of the wages incurred reduce income, $25,000; cash paid during the quarter was, $25,000 x 1/2 = $12,500. The $12,500 owed will be paid on the next payroll date. (e) –2,900 –3,800 Not all of the supplies were used; expense is the amount used, $3,800 – 900 = $2,900. Cash paid during the quarter was $3,800. (f) –38,000 –31,500 All expenses incurred reduce income; cash expended was, $38,000 – 6,500 = $31,500. Based only on the above: Income (loss) $100 Cash inflow (outflow) $ 50,700 P1–4. Req. 1 The personal residences of the organizers are not resources of the business entity. Therefore, they should be excluded. Req. 2 It is not indicated whether the $57,000 listed for service trucks and equipment is their cost when acquired or the current market value on December 31, 2014. Req. 3 The list of company resources (i.e., assets) suggests the following areas of concern: Company resources: (1) Cash, inventories, and bills due from customers (i.e., accounts receivable)–these items tend to fluctuate; they may be significantly more or less at date of the loan and during the term of the loan.
(10-20 min.) E 2-27B Req. 1 Analysis of Transactions ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY Date Cash + Accounts Receivable + Medical Supplies + Land = Accounts Payable + Note Payable + Common Stock + Retained Earnings Type of Stockholders’ Equity Transaction July 6 41,000 41,000 Issued stock 9 (27,000) 27,000 12 2,100 2,100 15 Not a transaction of the business. 15-31 4,050 4,050 8,100 Service revenue 15-31 (1,500) (1,500) Salary expense (1,100) (1,100) Rent expense (1,200) (1,200) Utilities expense 31 800 (800) 31 19,000 19,000 31 (1,500) (1,500) Bal. 32,550 4,050 1,300 27,000 600 19,000 41,000 4,300 64,900 64,900
(45-60 min.) P 2-65B Req. 1 Analysis of Transactions ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY Cash + Accounts Receivable + Supplies + Land = Accounts Payable + Common Stock + Retained Earnings Type of Stockholders’ Equity Transaction Bal. 1,050 1,350 11,700 7,900 3,600 2,600 a) 8,900 8,900 Issued b) 6,300 6,300 Service revenue c) (4,100) (4,100) d) 700 700 e) 200 (200) f) 2,400 2,400 Service revenue g) (1,300) (1,300) Rent expense (1,000) (1,000) Advertising expense i) (2,000) ___ (2,000) Dividends Bal. 8,050 3,550 700 11,700 4,500 12,500 7,000 $24,000 $24,000
cash received during the period was, $66,000 – 11,000 = $55,000. (b) –0– +56,000 Cash borrowed is not income. (c) –0– –12,500 Purchase of the truck does not represent an expenseuntil it is used (it is an asset); cash outflow was $12,500. (d) –25,000 –12,500 All of the wages incurred reduce income, $25,000; cash paid during the quarter was, $25,000 x 1/2 = $12,500. The $12,500 owed will be paid on the next payroll date. (e) –2,900 –3,800 Not all of the supplies were used; expense is the amount used, $3,800–900 = $2,900. Cash paid during the quarter was $3,800. (f) –38,000 –31,500 All expenses incurred reduce income; cash expended was, $38,000 – 6,500 = $31,500. (g) only on the above: Income (loss) $100 Cash inflow (outflow) $ 50,700 P1–4. Req. 1 The personal residences of the organizers are not resources of the business entity. Therefore, they should be excluded. Req. 2 It is not indicated whether the $57,000 listed for service trucks and equipment is cost when acquired or the current market value on December 31of the current year. Req. 3 The list of company resources (i.e., assets) suggests the following areas of concern: Company resources: (1) Cash, inventories, and bills due from customers (i.e., accounts receivable)–these items tend to fluctuate; they may be significantly more or less at date of the loan and during the term of the loan.
(b) –0– +25,000 Cash borrowed is not income. (c) –0– –8,000 Purchase of the truck does not represent an expense until it is used (it is an asset); cash outflow was $8,000. (d) –36,000 –30,000 All of the wages incurred reduce income, $36,000; cash paid during the quarter was, $36,000 x5/6 = $30,000. The $6,000 owed will be paid on the next payroll date. (e) –3,000 –4,000 Not all of the supplies were used; expense is the amount used, $4,000–1,000 = $3,000. Cash paid during the quarter was $4,000. (f) –31,000 –15,500 All expenses incurred reduce income; cash expended was, $31,000–15,500 = $15,500. (g) Based only on the above: Income (loss)$15,000 Cash inflow (outflow) $ 37,500 CONTINUING PROBLEM CON1–1. Req. 1 Penny’s Pool Service & Supply. Income Statement For the Year Ended December 31, Current Year Revenues Sales revenue $ 60,000 Expenses Cost of supplies used 8,200 Wage expense 24,000 Other administrative expense 4,500 Total expenses 36,700 Pretax income 23,300 Income tax expense 4,000 Net income $19,300 Req. 2
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The Functions of Carbohydrates in Cells 2.6. Molecules of Life: Lipids Membrane Lipids Miscellaneous Lipids 2.7. Molecules of Life: Proteins Protein Structure and Diversity 2.8. The Nucleic Acids: A Cell Computer and Its Programs The Double Helix of DNA Making New DNA: Passing on the Genetic Message RNA: Organizers of Protein Synthesis ATP: The Energy Molecule of Cells Key Terms and Phrases matter atom protons neutrons electrons nucleus elements atomic number (AN) mass number (MN) isotopes atomic mass/weight orbitals molecule compounds formula mass molecular weight chemical bonds valence covalent bonds nonpolar ionic bonds ionization ions cations anions electrolytes hydrogen bond Van der Waals forces oxidation reaction reduction reaction redox reaction reducing agent oxidizing agent products reactants synthesis reaction catalyst solution solute solvent hydrated hydrophilic hydrophobic amphipathic concentration hydrogen ion hydroxide ion acidic basic pH neutralization metabolism inorganic chemicals organic chemicals functional groups biochemistry macromolecules monomers polymers carbohydrate aldehydes ketones monosaccharide disaccharide polysaccharide hexose pentose fructose lactose maltose sucrose glycosidic bonds dehydration synthesis cellulose agar chitin peptidoglycan lipopolysaccharide glycocalyx starch
glycogen hydrolysis lipid triglycerides fatty acids glycerol ester bond membrane lipids phospholipids cholesterol proteins amino acids peptide bond peptide polypeptide primary structure secondary structure tertiary structure cysteine quaternary structure enzymes antibodies deoxyribonucleic acid (DNA) ribonucleic acid (RNA) nucleotides nitrogen base adenine (A) guanine (G) thymine (T) cytosine (C) uracil (U) replication adenine triphosphate (ATP) electronegativity
Solution Manual for Fundamentals of Corporate Finance 9th Edition By Brealey Complete downloadable file at: Investment decision Financial asset Public corporation Corporation Treasurer The cost resulting from conflicts of interest between managers and shareholders Est time: 01–05 Introduction to corporate finance Investment decisions, typically called capital budgeting, relate to investments in tangible and intangible assets. Financing decisions relate to the raising of money through debt and equity. Repayment of that money as well as interest and dividends are also financing decisions. Investment decision Financing decision Investment decision Investment decision Financing decision Financing decision: On the surface, this may appear similar to a dividend decision, but in reality retiring debt is a change in capital structure and more closely aligned with a financing decision. Est time: 01–05 Financial management decisions Both capital budgeting decisions and capital structure decisions are long-term financial decisions. However, capital budgeting decisions are long-term investment decisions, while capital structure decisions are long-term financing decisions. Capital structure decisions essentially involve selecting between equity financing and long-term debt financing. Est time: 01–05 Introduction to corporate finance A share of stock financial A personal IOU financial A trademark real A real Undeveloped land real The balance in the firm’s checking account financial An experienced and hardworking sales force real A bank loan agreement financial
= $448,000 (30 Minutes) Cost Concepts: Emporia Precision Parts. a. $87,000. Prime costs = Direct materials used + Direct labor costs Direct materials used = Prime costs – Direct labor costs = $147,000 – $60,000 = $87,000 b. $18,000. Direct materials used = Beginning inventory + purchases – ending inventory Direct materials, beginning inventory = Direct materials used – purchases + ending inventory $87,000 – $84,000 + $15,000 = $18,000 c. $180,000. Total manufacturing costs = Prime costs + Conversion costs – Direct labor cost Conversion cost = Total manufacturing costs – Prime costs + Direct labor cost = $267,000 – $147,000 + $60,000 = $180,000 d. $6,000. Work-in-process, ending = Work-in-process, beginning + Total manufacturing costs – Cost of goods manufactured $9,000 + $267,000 – $270,000 = $6,000 e. $120,000. Conversion cost = Direct labor costs + Manufacturing overhead Manufacturing overhead = Conversion costs – Direct labor costs = $180,000 – $60,000 = $120,000
16. What is the most common way taxpayers pay their income tax liability during the year? Answer: The vast majority of taxpayers pay annual tax liability through income tax withholding deducted from their paychecks by their employer and remitted to the government on behalf of the taxpayer. Feedback: Learning Objective: 01-03 Learning Objective: 01-04 Topic: Tax return components Topic: Calculate tax liability Difficulty: 1 Easy EA: No 17. Explain how to calculate the shared responsibility payment the Affordable Care Act. Answer: If a taxpayer does not have qualifying health care coverage and does not qualify for an exemption, the taxpayer must make a shared responsibility payment. The payment is calculated as the greater of the following: 2.5% of household income that is greater than the tax return filing threshold or $695 per adult and $347.50 per child with a family maximum of $2,085. Feedback: Learning Objective: 01-04 Topic: Calculate tax liability Difficulty: 1 Easy EA: Yes Multiple Choice 18. A tax rate that decreases as the tax base increases is an example of what kind of tax rate structure? a. Progressive. b. Proportional. c. Regressive. d. Recessive. Answer: c trial trial
patches, updates, and version changes. Ms Instructional 7/1/2009 7/1/2025 Use for instructional purposes only. Cannot be used for school development projects. 3000 5 yrs Adobe1 7/1/2012 7/1/2015 Reduced price per installed copy, max of 25 active copies 450 per active copy Open Source 7/1/2009 7/1/2020 Free for use as long as registered 0 LanguageSoft1 7/1/2009 7/1/2016 25 copies 5200 for 25 copies Explain more about license types. What happens to software when a license expires? What does the pricing unit mean? Do the numbers represent dollars? CCS# Location Assigned User 3114 Rm212 Larson Software Install Date Rmv Date Vista Business 4/15/2013 MsOffice 4/15/2013
Also, relate to them that transposing digits during the posting process is a common mistake. For example, a transaction might be for $630 and recorded in the journal as $630 but posted to the ledger as $360. If the trial balance doesn’t balance, it is common for students to have reversed a posting or transposed digits. Suggested In-Class Exercises: E2-16, E2-17 Prepare the trial balance and illustrate how to use the trial balance to prepare financial statements Preparing financial statements from the trial balance Exhibit 2-10: Balance Exhibit 2-11: Smart Touch Learning’s Financial Statements Correcting trial balance errors Lecture Notes: It may be helpful for students to view the accounting system from both ends. The natural process is to journalize transactions, post entries, and prepare a trial balance. However, once the chapter content is discussed, you can also begin with the trial balance and have students trace back to the ledger and journal to find a specific transaction. They may also get experience doing this when correcting a trial balance that does not balance. Suggested Exercise: E2-22 Use the debt ratio to evaluate business performance Lecture Remind student about the accounting equation: Assets = Liabilities + Equity. This makes it clear that the debt ratio represents the proportion of the total assets that “belong” to the creditors of the business. Conversely, 1 – Debt ratio% is the proportion of the assets that belong to the owners (stockholders) of the business. Suggested In-Class Exercise: E2-28 Chapter 2: Handout for Student Notes What is an account? Assets Liabilities Equity
encounter numerous accounts that you have not yet learned about. Deal with them as best you can. Keep in mind that the financial statements report the balances of the accounts listed in the company’s chart of accounts, either by individual account or in summarized categories. Therefore, the financial statements must be consistent with the chart of accounts. Team Project 2-1: Solution Requirements 1 and 2 Student answers will vary widely, as the various groups use the charts of accounts of different businesses. The financial statements that the students prepare should be consistent with the business’s of accounts.
Suggested In-Class Exercises: E16-17, E16-18, E16-19 Classify costs for service, merchandising, and manufacturing companies Direct and indirect costs Product costs Direct materials Direct labor Manufacturing overhead Indirect materials Indirect labor Exhibit 16-6: Period and Product Costs for Smart Touch Learning Prime and conversion costs Exhibit 16-7: Prime and Conversion Costs Lecture Notes: Point out the distinction between direct and indirect manufacturing costs. Direct costs are added to WIP, whereas indirect costs are usually collected in one or more Manufacturing Overhead accounts, then applied to WIP using a predetermined overhead rate. Therefore, when materials are used, you must know whether they are indirect or direct. When labor is incurred, you must know whether it is direct or indirect. The recording of labor in an asset account (WIP) may need additional explanation. Students might want to expense labor because it was expensed in previous chapters. Remind students that manufacturing companies add all product costs to inventory, and they are expensed (COGS) when inventory is sold. Distinguish between product costs and period costs. GAAP requires that all manufacturing costs be treated as costs of making the product, which means these manufacturing costs (raw materials, manufacturing labor, and manufacturing overhead) are “attached” to the product. All nonmanufacturing costs go directly to the income statement in the period in which they occur. Assume an oversimplified company that has a factory in your local community and corporate offices in New York City (or some other major urban center). Everything that goes on at the factory in your local community is a manufacturing cost that becomes attached to the product by accumulating those costs in WIP. Everything that goes on in the corporate offices is a period cost that is charged directly to the income statement in the period in which it occurs. While this is an oversimplification (for example, sales offices or research labs can be located in a factory setting), it serves to fix the distinction in students’ minds. Overhead includes all manufacturing other than direct materials and direct labor. Therefore, students must know whether a cost is manufacturing or nonmanufacturing. For example, “depreciation” will no longer suffice. Is it manufacturing or nonmanufacturing? As discussed for
Direct and indirect costs Product Prime and conversion costs How do manufacturing companies determine the cost of manufactured products? Calculating cost of goods sold Calculating cost of goods manufactured Flow of costs through inventory accounts Calculating unit product cost How is managerial accounting used in service and merchandising companies? Calculating cost per service Chapter 16: Student Chapter Summary Define managerial accounting and understand how it is used Financial accounting prepares reports for external users, such as investors, creditors, and government agencies. Managerial accounting provides information for managers to use in
The chapter concludes with coverage of diversity training including the components of diversity training, mixed results, and the backlash against this type of training. Chapter Outline I. The Nature of Equal Employment Opportunity employment opportunity (EEO) means that employment decisions must be made on the basis of job requirements and worker qualifications. Unlawful discrimination occurs when those decisions are made on the basis ofprotected characteristics such as the race, age, sex, disability, or religion of the worker. Under federal, state, and local laws employers are prohibited from considering the following factors in making hiring and other employment decisions: Age Color Disability Genetic information Marital status (some states) Military status or experience National origin Pregnancy Race Religion Sexual orientation (some states and cities) These categories are considered protected characteristics under EEO laws and regulations. All workers are provided equal protection; the laws do not favor some groups over others. Equal employment opportunity is a broad-reaching concept that essentially requires employers to make status-blind employment decisions.Most employersare required to comply with equal employment opportunity laws.Affirmative action means that an employer takes proactive measures to increase the number of women and minorities in the workforce. The objective of affirmative action plans is to compensate for past patterns of discrimination. Federal contractors are required to implement and maintain affirmative action plans. A. Sources of Regulation and Enforcement
5. Why have mobile devices consumers more power in the marketplace? The social influences of a connected society impact advertising and marketing. Positive, or negative, influences on social can impact consumer buying. Being mobile, consumers can check endorsements and prices on the spot when contemplating a purchase. Customer loyalty, and therefore revenue, increasingly is dependent upon a business exploiting mobile technology, such as location-aware services, apps, alerts, and social networks. 6. What is a business model? A business model is the means by which a company expects to, and does, make money. 7. What is a digital business model? A digital business model defines how a business makes money digitally. 8. Explain the Internet of Things. The Internet of Things refers to a set of capabilities enabled when physical things are connected to the Internet via sensors. Sensors allow for the sharing of real-time data as well as the tracking, monitoring, and management of products remotely. 1.2Business Process Management and Improvement 1. What is a business process? Give three examples. Business processes are series of steps by which organizations coordinate and organize tasks to get work done. In the simplest terms, a process consists of activities that convert inputs into outputs by doing work. Answers may vary. Some examples of common business processes are: Accounting: Invoicing; reconciling accounts; auditing Finance: Credit card or loan approval; estimating credit risk and financing terms Human resources (HR): Recruiting and hiring; assessing compliance with regulations; evaluating job performance IT or information systems: Generating and distributing reports and data visualizations; data analytics; data archiving Marketing: Sales; product promotion; design and implementation of sales campaigns; qualifying a lead Production and operations: Shipping; receiving; quality control; inventory management Cross-functional business processes: Involve two or more functions, for example, order fulfillment and product development 2. What is the difference between business deliverables and objectives? Objectives define the desired benefits or expected performance improvements. They do not and should not describe what you plan to do, how you plan to do it, or what you plan to produce, which is the function of processes.This last item, what you plan to produce, are deliverables.
Financial Accounting Standards Board (FASB) identifies investors, lenders, and other creditors as the primary users of the financial statements. Solution to BE1-2 Financial Statement Users and Other Parties Role 10Equity Investors 1Creditors 5Financial Analysts 8Employees and Labor Unions 2Suppliers and Customers 7Government Agencies 3Competitors 4External Auditors 6Internal Auditors 11Regulatory Bodies 9Professional Organizations 10. Shareholders of the company. 1. Banks and other financial institutions that lend money to the company. 5. Use financial information to review and analyze reported results of the companies they cover and make investment recommendations. 8. Use financial information during negotiation of new labor agreements and compensation contracts. 2. Use financial statements to determine whether to conduct business or purchase products from a company. 7. Review the financial statements of publicly traded companies for a variety of reasons that are in the public interest. 3. Use financial information to determine their market position relative to the reporting entity and to attempt to identify future strategies of the reporting entity. 4. Independent of the company and responsible for ensuring that management prepares and issues financial statements that comply with accounting standards and fairly present the financial position and economic performance of the company. 6. Employees of the company serving in an advisory role to management. They provide information to management regarding the company’s operations and proper functioning of its internal controls. 11. Protect investors and oversee the accounting and auditing standard setting processes. 9. Support accounting professionals throughout their careers by providing training, professional skills development, and other resources.
E1-1 Pronouncements FASB Accounting Standards Codification; different sources of GAAP 4 Easy 15 Analytic Measurement Comprehension C1-1 Accounting Principles Describe the meaning of the terms “accounting principles” and “generally accepted” 3 AICPA Easy 10 Analytic Measurement Application C1-2 Standard Setting Describe why there is political action and social involvement in the standard- setting process 3 CMA Easy 10 Analytic Measurement Application C1-3 Organization of the FASB Summarize the structure of the FASB and its operating procedures 3 Easy 15 Analytic Measurement Application C1-4 Code of Professional Conduct Identify, briefly discuss, and provide examples to illustrate the five principles of CPC 7 Easy 10 Analytic Measurement Application C1-5 Lobbying the FASB Discuss pros and cons of lobbying the FASB by interested parties 3 Easy 5 Analytic Measurement Application C1-6 International Convergence Discuss convergence of U.S. GAAP and international accounting standards; include discussion of SEC and its role in this convergence; Includes IFRS 5 Moderate 10 Analytic Measurement Application C1-7 Starbucks’s Financial Statements Identify two important pieces of information from each of the four primary financial statementsand management discussion and analysis 6 Moderate 20 Analytic Reporting Application LO AACSB AICPA
Solution Manual for Intermediate Accounting Reporting and Analysis 1st Edition by Wahlen Complete downloadable file at: https://testbanku.eu/Solution-Manual-for-Intermediate-Accounting-Reporting-and-Analysis-1st-Edition-by-Wahlen CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS LO AICPA Q1-1 Role of Financial Reporting Financial accounting; financial reporting 1 Easy 5 Analytic Measurement Comprehension Q1-2 Financial Reporting Stakeholders Major categories of financial reporting stakeholders 1 Easy 5 Analytic Measurement Comprehension Q1-3 Financial Reporting Stakeholders Different information needs of investors and creditors 1 Easy 5 Analytic Measurement Application Q1-4 Financial Reporting Stakeholders Information asymmetry between financial reporting preparers and users 1 Easy 5 Analytic Measurement Comprehension Q1-5 Financial Reporting Stakeholders Demand for financial reporting information 1 Easy 5 Analytic Measurement Application Q1-6 Accounting Standards and Audits Demand for accounting standards and audit verification 1 Easy 5 Analytic Measurement Comprehension Q1-7 Generally Accepted Accounting Procedures Definition of U.S. GAAP 1 Easy 5 Analytic Measurement Comprehension Q1-8 Standard Setting Supply of accounting information 2 Easy 5 Analytic Measurement Comprehension Q1-9 Standard Setting Role of SEC 2 Easy 5 Analytic Measurement Comprehension Q1-10 Standard Setting Role of FASB 3 Easy 5 Analytic Measurement Comprehension Q1-11 Standard Setting FASB Accounting Standards Codification 4 Easy 5 Analytic Measurement Application
LO AACSB E1-1 Pronouncements FASB accounting standards codification; different sources of GAAP 3 Easy 15 Analytic Measurement Comprehension C1-1 Accounting Principles Describe the meaning of the terms “accounting principles” and “generally accepted” Easy 10 Analytic Measurement Application C1-2 Standard Setting Describe why there is political action and social involvement in the standard setting process 3 CMA Easy 10 Analytic Measurement Application C1-3 Organization of the FASB Summarize the structure of the FASB and its operating procedures 3 Easy 15 Analytic Measurement Application C1-4 Code of Professional Conduct Identify, briefly discuss, and provide examples to illustrate the five principles of CPC 8 Easy 10 Analytic Measurement Application C1-5 Lobbying the FASB Discuss pros and cons of lobbying FASB by interested parties 3 Easy 5 Analytic Measurement Application C1-6 International Convergence Discuss convergence of U.S. GAAP and international accounting standards; include discussion of SEC and its role in this convergence; Includes IFRS 6 Moderate 10 Analytic Measurement Application C1-7 Starbucks Corporation's Financial Statements Identify two important pieces of information from each of the four primary financial statements and management discussion and analysis 7 Moderate 20 Analytic Reporting Application
LO AACSB E1-1 Pronouncements FASB Accounting Standards Codification; different sources of GAAP 4 Easy 15 Analytic Measurement Comprehension C1-1 Accounting Principles Describe the meaning of the terms “accounting principles” and “generally accepted” 3 AICPA Easy 10 Analytic Measurement Application C1-2 Standard Setting Describe why there is political action and social involvement in the standard- setting process 3 CMA Easy 10 Analytic Measurement Application C1-3 Organization of the FASB Summarize the structure of the FASB and its operating procedures 3 Easy 15 Analytic Measurement Application C1-4 Code of Professional Conduct Identify, briefly discuss, and provide examples to illustrate the first five principles of CPC 7 Easy 10 Analytic Measurement Application C1-5 Lobbying the FASB Discuss pros and cons of lobbying the FASB by interested parties 3 Easy 5 Analytic Measurement Application C1-6 International Convergence Discuss convergence of U.S. GAAP and international accounting standards; include discussion of SEC and its role in this convergence; Includes IFRS 5 Moderate 10 Analytic Measurement Application C1-7 Starbucks’s Financial Statements Identify two important pieces of information from each of the four primary financial statements and management discussion and analysis 6 Moderate 20 Analytic Reporting Application
12 2 Across 5. Lends money 6. Extra value recorded when buying another company 8. Reports assets, liabilities, and stockholders’ equity (2 words) 9. Investments available for quick liquidation (2 words) 12. Patents, copyrights, and brand names 13. Accounts payable is a _____ account 16. Buildings, equipment, and land (abbreviation) 17. Cost allocation 20. Acquisition Cost less Accumulated Depreciation (2 words) 22. Owners of a corporation 23. Income tax amounts to be paid later 24. Money in the bank 25. Ratio that measures the ability to pay current liabilities with current assets 26. Total liabilities divided by total assets (2 words) Down 1. Amounts owed to suppliers (2 2. Distribution of earnings 3. Merchandise held for sale 4. Borrows money 7. Ratios that measure the ability to pay liabilities as they come due 9. Lawsuits and other events that could create new liabilities for the company 10. Inventory is an _____ account 11. amount of depreciation expensed since the assets' date of purchase 14. Monies to be received from customers 15. Equipment is a _____ asset account, which is used for more than one year 18. Ratios that measure the ability to pay liabilities for many years 19. Balance Sheet reporting all amounts as a percentage of total assets (2 words) 21. Liabilities due within 12 months
CHAPTER 2 COVERAGE OF LEARNING OBJECTIVES LEARNING OBJECTIVE FUNDA- MENTAL MATERIAL CRITICAL THINKING EXERCISES AND EXERCISES PROBLEMS CASES, NIKE 10K, EXCEL, COLLAB., & INTERNET EXERCISES LO1: Explain how cost drivers affect cost behavior. A1, B1 25, 26, 28, 30, 31 47,49, 51, 53, 56 68 LO2: Show how changes in activity cost-driver levels affect variable and fixed costs. A1, B1, A2, A3, B2, B3 25, 26, 29, 30, 31, 32, 41, 48 47,49, 52, 53, 54, 56, 59, 60, 63 68, 69, 73 LO3: Explain step- and mixed-cost behavior. A4,B4 24,36,37,38, 39 75 LO4: Create a graph and understand the assumptions behind it. 33, 34, 35,40, 49 LO5: Calculate sales volume in total dollars and total units. A2, A3, B2, B3 40, 41,42, 43 47,50, 52, 54, 55, 57, 59, 61 68, 69, 73, 74 LO6: Calculate sales volume in total dollars and total units to reach a target profit. A2 , B3 33, 34, 43, 62 47,50, 52, 54, 55, 57, 59, 69 LO7: Differentiate between contribution margin and margin. 61 LO8: Explain the effects of sales mix on profits (Appendix 2A). 44 64, 65 70 even
h) Optimal solution = (x1, x2) = (0.667, 0.667). P = $12,000. 2.7 a) objective function Z = x1 + 2x2 functional constraints x1 + x2 ≤ 5 x1 + 3x2 ≤ 9 nonnegativity constraints x1 ≥ 0, x2 ≥ 0 b & e) c) Yes. d) No. 2.8 a) objective function Z = 3x1 + 2x2 functional constraints 3x1 + x2 ≤ 9 x1 + 2x2 ≤ 8 nonnegativity constraints x1 ≥ 0, x2 ≥ 0 b & f) c) Yes. d) Yes. e) No. 2.9 a) As in the Wyndor Glass Co. problem, we want to find the optimal levels of two activities that compete for limited resources. We want to find the optimal mix of the two activities. Let W be the number of wood-framed windows to produce. Let A be the number of aluminum-framed windows to produce. The following table gives the data for the problem: Resource Usage per Unit of Activity Amount of Resource Wood-framed Aluminum-framed Resource Available Glass 6 8 48 Aluminum 0 1 4 Wood 1 0 6 Unit Profit $60 $30 b) The decisions to be made are how many windows of each type to produce. The constraints on the decisions are the amounts of glass, aluminum and wood available. In addition, negative production levels are not possible. The overall measure of performance for the decisions is the profit to be made.
Exercise1-14 (30 minutes) Cost Classifications for: Name of the Cost (1) Predicting Cost behavior (2) Manufacturers (3) Preparing Financial Statements (4) Decision Making Rental revenue forgone, $30,000 per year None None None Opportunity cost Direct materials cost, $80 per unit Variable Direct materials Product Rental cost of warehouse, $500 per Fixed None Period Rental cost of equipment, $4,000 per month Fixed Manufacturing overhead Product Direct labor cost, $60 per unit Variable Direct labor Product Depreciation of the space, $8,000 per year Fixed Manufacturing overhead Product Sunk cost Advertising cost, $50,000 per year Fixed None Period Supervisor's salary, $3,500 per month Fixed Manufacturing overhead Product Electricity for machines, $1.20 per unit Variable Manufacturing overhead Product Shipping cost, $9 per unit Variable None Period Return earned on investments, $3,000 per year None None None Opportunity cost
Total selling and administrative expenses (a) $18,000 commissions (b) $6,000 fixed selling and administrative expense (a) ‒ (b) $12,000 fixed manufacturing overhead 35,000 fixed cost $47,000 7. The total contribution margin is calculated as follows: Sales (a) $120,000 Variable costs (b) $43,500 Contribution margin (a) ‒ (b) $76,500