Objective Type Costing Questions

Objective Type Costing Questions 

1. Which one of the following does not appear on the  balance sheet of a manufacturing company?

  • Raw materials inventory
  • Finished goods inventory
  • Work in process inventory
  • Cost of goods manufacture

2. Cost of goods manufactured is calculated as follows:

  • Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.
  • Direct materials used + direct labor + manufacturing overhead – beginning WIP + ending WIP.
  • Beginning WIP + direct materials used + direct labor + manufacturing overhead – ending WIP.
  • Direct materials used + direct labor + manufacturing overhead – ending WIP – beginning WIP.

3. Which one of the following is an example of a period cost?

  • A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer
  • Workers’ compensation insurance on factory workers’ wages allocated to the factory
  • A box cost associated with computers
  • A manager’s salary for work that is done in the corporate head office

Analysis of Financial Statements of Southwest Airlines Co.

Analysis of Financial Statements of Southwest Airlines Co. in $19 Only (Instant Download)

1) What 3 items of important information does the Southwest income statement reveal about the financial performance of the company over the last three years?
2) What 3 items of important information does the Southwest balance sheet reveal about the financial position of the company over the last two years?
3) Can you identify the major sources of funding for operating costs and capital expenditures used by Southwest Airlines from the information presented in the company’s annual report? If not, how could you get this information?
4) Who is responsible for: a) the issuance, and b) the content of the Southwest financial statements?
5) What assurance, if any, is there that the Southwest financial statements are in compliance with GAAP, and are free of material misstatements?
6) Of what use, if any, are the notes to the financial statements? Quantitative analysis tied to the financial statement concepts will add value to your work.
Sample Answer:
Question 2. What 3 items of important information does the Southwest balance sheet reveal about the financial position of the company over the last two years?

Answer:

Balance is another important statement of final account. It is also known as a report card of the corporation. It shows the position of the company at any particular date. The most three important information from the Southwest income statement are given below:

Improvement in current assets to current liabilities ratio

The company is able to improve its current ratio in last three years. In the year 2006 the current ratio was hovering around below one, however, it increased and touched 1.03 at the end of 2008.

Rising Debt

Debt to equity ratio increased from 0.26 in 2006 to 0.79 at the end of 2008. Debt to assets ratio also increased from 0.13 in 2006 to 0.27 at the end of 2008. In reflecting that in assets financing debt part in increasing faster than equity part.

Decrease in Total Equity

Total equity of the firm was decreased substantially in the year 2008 when it compares to 2007. In 2007 total equity was $6941 million, which fell to $4953 million by the end of 2008.

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Management Accounting Questions (AC 330 Unit 2)

Economist salaries by educational attainment.

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1. Classify the items into the following categories: (a)direct materials (b)direct labor (c)manufacturing overhead: 1.salaries for assembly line inspectors 2.insurance on factory machines 3.property taxes on the factory building 4.factory repairs 5. upholstery used in manufacturing furniture 6.wages paid to assembly line workers 7.factory machinery depreciation 8.glue,nails,paint,and other small parts used in production 9.factory supervisors’ salaries 10.wood used in manufacturing furniture

2. Determine the total amt. of (a)delivery service (product) costs and (b) period costs: indirect materials $5400, depreciation on delivery equipment $11200, dispatchers salary $5000, property tax on building $870, CEO salary $12000, gas and oil $2200, drivers’ salaries $11000, advertising $1600, delivery repairs $300, supplies $650, utilities $990, equip repairs $180.

Economics Questions (Objective Type)

A production possibility frontier showing oppo...

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1. Economics

  • studies human behavior when scarcity exists and choices must be made
  • provides the only reasonable explanation of how people make decisions
  • can accurately explain all human behavior since it is based on the assumption of rationality
  • is better at showing the way things ought to be than the other social sciences are

2. The expression “There’s no such thing as a free lunch” means

  • that even if the lunch is free, we pay for it in extra calories
  • that resources used up in producing the lunch are not available to satisfy other wants
  • the same thing as “The best things in life are free”
  • you have to work before you can eat

3. To say that people make marginal decisions means that

  • they usually wait until the last minute before making a decision to buy
  • they weigh the additional costs and additional benefits of various activities before they make a decision
  • most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence
  • given a choice, most people would prefer to make their own decisions concerning the things that affect their lives

4. Economic theories are

  • useful because they are as exact as theories in the physical sciences
  • useless because they are based on abstractions
  • useful because they allow us to make predictions
  • too complex to understand because they include all of reality

5. Economists believe that individuals respond in a predictable way to changes in costs and benefits. The term that best describes this belief is

  • rational behavior
  • scarcity
  • demand
  • supply

Factors and Forces of Geological Features SCI/245

Choose a state or one of the following regions:

Region 1: Interior Plain

Region 2: Appalachian Highlands

Region 3: Rocky Mountain System

Region 4: Pacific Mountain System

Region 5: Atlantic Plain

Create a 12- to 15-slide PowerPoint® presentation for your selected state or region. Address the following in your PowerPoint®:

  • Describe the various geologic events that have occurred in your region.
  • Describe the geological features and various types of rocks that formed in the area (for example, mountains, craters, canyons, volcanoes, fault lines, or folds).
  • Choose one of these geological features to research. What is the most prevalent rock type of the feature? Describe the mineral composition of the rock type.
  • How old is your geologic feature? Estimate the absolute age of the geological feature, and discuss methods used to determine the age.
  • What geologic event created your chosen geological feature? Discuss the process of plate tectonics related to the formation.
  • Discuss the significance of igneous, sedimentary, and metamorphic rocks in your region.
  • Discuss the type(s) of weathering and erosion processes that has most likely affected the physical appearance of your geological feature.
  • Discuss any significant water, ocean, desert, or glacial feature(s) associated with your region, and the process involved with creating one of them.
  • Discuss resources that are abundant in the region and the importance and economic value of this resource to the region or nation.
  • In conclusion, discuss why you selected this geological feature for your PowerPoint® presentation.
  • Include graphics
  • Include details in speaker notes
  • Use APA guidelines for citations and references

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Crab State Bank: Loan Amortization Schedule

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Crab State Bank: Loan Amortization Schedule

Crab State Bank has offered you a $1,000,000 5-year loan at an interest rate of 11.25 percent, requiring equal annual end-of-year payments that include both principal and interest on the unpaid balance. Develop an amortization schedule for this loan.

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Into the Fray Case Study Analysis

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Title: Into the Fray (HBR Case Study)
Reference: Peebles, M. Ellen, Widmann, Nancy Clifford, Kopelan, Amy Dorn, Hassan, Fred, Cohen, Allan, Rhodes, Gary B., Harvard Business Review, 00178012, Jan2005, Vol. 83, Issue 1.
Database: Business Source Complete.

Open and read the PDF Full Text or HTML Full Text copy. While reading, note when and how power and politics play a role in Michael’s dilemma.

Submit a 700- to 1050 word expert opinion, detailing what you think Michael’s next steps should be. Your opinion should address these questions:

• What dependencies exist? Think not only in terms of Michael’s workplace, but also, his home.
• Do Michael’s colleagues demonstrate legitimate or illegitimate political behavior? Explain.
• What should Michael do about the China opportunity? Why?
• What should Michael do about the open position for President of U.S. Operations?
• Does Michael have any power in this situation, and if so, what type(s) of power?
• How can Michael improve his political edge? Provide at least two or three solid suggestions, including power tactics, for Michael to use.

Include an outline of an ethical political strategy designed to help Michael secure and excel in the job you think he should pursue. Your strategy should identify three political moves, all of which would give him an advantage in either getting the U.S. job, or for making the most of a new job in China. Feel free to borrow from or expand on the ideas proposed by your fellow experts in the case study (citing these experts where necessary).

Apply APA formatting standards to your expert opinion.

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Economic Development Indices

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BACKGROUND :  All countries are not economically equal. According to the World Bank, countries can be divided up into four categories (see the Introduction PowerPoint for a map of which countries are classified in which categories):

  1. High Income Economies
  2. Upper Middle Income Economies
  3. Lower Middle Income Economies, and
  4. Lower Income Economies

You might also see the use of the terms More Developed Countries (MDC’s) and Less Developed Countries (LDC’s) to differentiate between countries and their level of economic development (this is more politically correct). More Developed Countries are countries like the United States. Less Developed Countries are countries like Somalia.

Module 03 – Case assignment

In this module we look at organizing as a managerial function.  As one of your readings indicted “the purpose of the organizing function is to make the best use of the organization’s resources to achieve organizational goals.”  One of the major resources of an organization is its staff to whom work must be assigned and delegated.  After reading the background  materials, conduct additional research and respond to the following questions:

1.  Why is delegation an important function; particularly, in the health care setting?

2.  What is the relationship between delegation and empowerment?

3.  What should managers be careful about when it comes to delegation and empowerment?

Limit your responses to a maximum of 3 pages.  Be sure to properly cite all references.

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Module 01 – Session Long Project

The Session Long project is intended to allow students to personalize the course/modular concepts by applying them.  Please select a =company/organization/institution that you will analyze during this session.  Please make sure that you are able to obtain information on the company you select.  We recommend you select a large and well-known organization.  For those of you employed in the health care setting feel free to use your employer.

For this =modules, please provide a brief summary of the company profile.  At the end =f this module, submit a 1-2 page paper with the following information:

  • name of =organization
  • mission and vision
  • ownership =privately or publicly held, non-profit or for profit)
  • size
  • location
  • domestic or international
  • a brief history

Remember, you will use this organization throughout this entire course in all SLPs.  also, learn how to read the fine print when you access the Website of the company you select. There is a wealth of information from reading about the company, its mission statement,  CEO and executive =eam,  officers, investors, annual report, press releases, etc.

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MGT 350 Week 1Critical Thinking Application Paper

MGT 350 Week 1Critical Thinking Application Paper in $5 OnlyMGT 350 Week 1Critical Thinking Application Paper

MGT 350 Week 1 Critical Thinking: Strategies in Decision Making Individual Assignment: Critical Thinking Application Paper

Prepare a 700-to 1,050-word paper in which you describe critical thinking.

Provide an example from your personal experience in applying critical thinking to a work-related decision, and the importance and benefits of critical thinking in the decision-making processes.   Cite at least two different references.

Format your paper consistent with APA guidelines.

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Factors and Forces of Geological Features PPT

The

Factors and Forces of Geological Features PPT

Choose a state or one of the following regions:
o Region 1: Interior Plain
o Region 2: Appalachian Highlands
o Region 3: Rocky Mountain System
o Region 4: Pacific Mountain System
o Region 5: Atlantic Plain

· Create a 12- to 15-slide PowerPoint® presentation for your selected state or region.
· Address the following in your PowerPoint®:

  • Describe the various geologic events that have occurred in your region.
  • Describe the geological features and various types of rocks that formed in the area (for example, mountains, craters, canyons, volcanoes, fault lines, or folds).
  • Choose one of these geological features to research. What is the most prevalent rock type of the feature? Describe the mineral composition of the rock type.
  • How old is your geologic feature? Estimate the absolute age of the geological feature, and discuss methods used to determine the age.
  • What geologic event created your chosen geological feature? Discuss the process of plate tectonics related to the formation.
  • Discuss the significance of igneous, sedimentary, and metamorphic rocks in your region.
  • Discuss the type(s) of weathering and erosion processes that has most likely affected the physical appearance of your geological feature.
  • Discuss any significant water, ocean, desert, or glacial feature(s) associated with your region, and the process involved with creating one of them.

Bucholz Brands Net Present Value (NPV) Estimation

Bucholz Brands Net Present Value (NPV) Estimation
Bucholz Brands is considering the development of a new ketchup product. The ketchup will be sold in a variety of different colors and will be marketed to young children. In evaluating the proposed project, the company has collected the following information:
  • The company estimates that the project will last for four years.
  • The company will need to purchase new machinery that has an up-front cost of $300 million (incurred at t = 0). At t = 4, the machinery has an estimated salvage value of $50 million.
  • The machinery will be depreciated on a 4-year straight-line basis.
  • Production on the new ketchup product will take place in a recently vacated facility that the company owns. The facility is empty and Bucholz does not intend to lease the facility.
  • •The project will require a $60 million increase in inventory at t = 0. The company expects that itsaccounts payable will rise by $10 million at t = 0. After t = 0, there will be no changes in net operating working capital, until t = 4 when the project iscompleted, and the net operating working capital is completely recovered.
  • The company estimates that sales of the new ketchup will be $200 million each of the next four years.
  • The operating costs, excluding depreciation, are expected to be $100 million each year.
  • The company’s tax rate is 40 percent.
  • The project’s WACC is 10 percent.
What is the project’s estimated net present value (NPV)?  Need all the procedure with the answer

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Weighted Average Cost of Capital (WACC) for Golden Gate construction Associates

Weighted Average Cost of Capital (WACC) for Golden Gate construction Associates

Golden Gate Construction Associates, a real estate developer and building contractor in San Francisco, has two sources of long-term capital: debt

and equity. The cost to Golden Gate of issuing debt is the after-tax cost of the interest payments on the debt, taking into account the fact that the interest payments are tax deductible. The cost of Golden Gate’s equity capital is the investment opportunity rate of Golden Gate’s investors, that is, the rate they could earn on investments of similar risk to that of investing in Golden Gate Construction Associates. The interest rate on Golden Gate’s $90 million of long-term debt is 10 percent, and the company’s tax rate is 40 percent. The cost of Golden Gate’s equity capital is 15 percent. Moreover, the market value (and book value) of Golden Gate’s equity is $135 million. Required: Calculate Golden Gate Construction Associates’ weighted-average cost of capital

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Finance Question II

Finance Question II

The real estate agent tells the Bergholts that if they don’t care to purchase, they might consider renting. The rental option would cost $1,400/month plus utilities estimated at $220 and renter’s insurance of $25/month. The Bergholts believe that neither of them is likely to be transferred to another location within the next five years. After that, Dan perceives that he might move out of government service into the private sector. Assuming they remain in the same place for the next five years, the Bergholts would like to know if it is better to buy or rent the home. They expect that the price of housing and rents will rise at an annual rate of 3% over the next five years. They expect to earn an annual rate of 5% on the money market fund. All other prices, including utilities, maintenance, and taxes are expected to increase at a 3% annual rate. After federal, state, and local taxes, they get to keep only 55% of a marginal dollar of earnings.

  1. Estimate whether it is financially more attractive for the Bergholts to rent or to purchase the home over a five-year holding period. (Assuming the contract interest rate of 8%, monthly interest payments over the five-year period would total $87,574.)
  2. Suppose it turns out that they have to relocate after one year. Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)

Show all work for each assignment and explain each step carefully.

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Exxon Mobile Power Point Presentation (PPT)

Exxon Mobile Power Point Presentation

Exxon Mobile Power Point Presentation (PPT) in $6 Only

Develop a PPT which contain  Executive Summary and Analysis of  Exxon Mobile Corporation. It should cover the following:

  • About Exxon Mobil,
  • History of the corporation,
  • Last three years revenue, income and other financials
  • Provide Speakers note also.

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Dual Court System

Dual Court System in $10 onlyDual Court System

The United States criminal justice system has a court system that is modulated in different parts. The Supreme Court is the highest authoritative court in the United States, and for cases to arrive at this court, they must pass through a variety of courts and have a legitimate consequence toward the nation.

You also have state, appellate, and local courts that serve jurisdictions where criminal cases are initially held and decided by a jury or a judge. It is vital to understand that certain crimes like fraud can be tried in the criminal sections of the criminal justice system, but there is also a civil justice system where parties seek civil relief for injustices that may or may not result from criminal activities. The civil courts, another set of courts, provide judgments over the civil cases. Judges decide if the plaintiff’s claim of harm by the defendant is justified.

BIS375 Week 2 Individual Assignment: Case Analysis (Double Click Privacy Policy Case Study)

BIS375 Week 2 Individual Assignment: Case Analysis (Double Click Privacy Policy Case Study) + 2 DQs Free of Cost

Resource: Double Click Privacy Policy case study in Ch. 9 of Cases in Electronic Commerce

Prepare a 700- to 1,050-word analysis using the Double Click Privacy Policy case study, explaining at least three legal, three ethical, and three regulatory issues that need to be addressed by the organization.

Prepare to present your findings in class.

Format your paper consistent with APA guidelines.

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