ACCT 573 Week 4 Midterm Exam Answers

ACCT 573 Week 4 Midterm Exam Answers for $29 OnlyACCT 573 Week 4 Midterm Exam Answers

1. (TCO A) The following term is not generally used to refer to white collar crime:

2. (TCO A) Occupational crime offenders are:

3. (TCO B) Investigative journalism is likely to be:

4. (TCO B) Which of the following would be least likely to accuse a company of willful misconduct or gross negligence?

5. (TCO B) Historically, the least typical response to whistleblowers has been _ _ _ _ _

6. (TCO C) According to the text. in recent years Halliburton has been accused of all but one of the following activities:

7. (TCO C) Vlhich of the following is 1101 true of the corporate response to the problem of pollution?

8. (TCO C) A combination of centrally-owned fim1s operating in different fields is known as a(n):

9. (TCO D) The “power of attorney.. granted to lawyers:

Devry PoLI330 Week 1 TCO Assessment

Devry PoLI330 week 1 TCO Assessment in $9 Only

Question 1. 1. (TCO 1) What were your economic left/right results? (Points : 5)

Question 2. 2. (TCO 1) What were your social libertarian/authoritarian results? (Points : 5)

Right

Left

Question 4. 4. (TCO 1) If a person believes that federal agencies such as the FDA, EPA, and SEC serve a public good, is he or she moving more to the right or left of 100% capitalism? (Points : 5)

Right

Left

Question 5. 5. (TCO 1) If a person feels that the government is needed to ensure that all people obtain equality, would he or she fall more on the right or the left of the economic scale? (Points : 5)

Right

Left

Question 6. 6. (TCO 1) If a person believes that mandatory gun safety classes should be required to buy a gun, would he or she move up or down the social scale? (Points : 5)

Up

Down

Question 7. 7. (TCO 1) If a person believes that Christianity is or should be the national religion of the United States, would he or she move up or down the social scale? (Points : 5)

Up

Down

Question 8. 8. (TCO 1) If a person believes that he or she knows more about his or her own life than the government, and thus should have the authority to make his or her own decisions, would he or she move more up or down the social scale? (Points : 5)

Up

Down

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ACCT 212 Sample Final Exam

ACCT 212 Sample Final Exam (Get answer in $15 only)

  • (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry.
  • (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how the debit/credit rules are used when developing journal entries (10 points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry.
  • (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented.
  • (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the First in First out (FIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Gross Profit.
  • (TCO 1) To evaluate the financial operation and health of a business ratio analysis is used. (1) Provide the formula for the Current Ratio and explain how it is computed and (2) provide an example of how this ratio can be used in decision-making in business.
  • (TCO 6) BagODonuts Company bought a used delivery truck on January 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000 miles).  BagODonuts’ accountant estimated that the truck’s residual value would be $2,400 at the end of its useful life.  The truck traveled 8,000 miles the first year, 8,500 miles the second year, 5,500 miles the third year, and 8,000 miles in the fourth year.
  • Calculate depreciation expense for the truck for each year (2010-2013) using the:
    a. Straight-line method.
    b. Double-declining balance method.
    c. Units of Production method.
    (For units-of-production and double-declining balance, round to the nearest two decimals after each step of the calculation.)