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This document contains 22 multiple choice questions and answers about financial management and accounting. It covers topics like income, expenses, payroll, taxes, and reconciling bank accounts. The questions test understanding of key concepts such as distinguishing between fixed and variable expenses, calculating gross pay and overtime, and determining deductions from a paycheck.
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Dec 17 Simple Interest
The document provides examples of simple interest rate calculations and questions. It defines the simple interest formula as I = Prt, where I is interest, P is principal, r is interest rate as a decimal, and t is time in years. It then gives examples of calculating interest for different principal amounts invested or borrowed at various rates and times. It omits questions 2b, 5, 6, and 8 from the set of exercises.
Ch4
This document discusses various money-time relationships and concepts of equivalence. It begins by defining money as a medium of exchange, store of value, and unit of account. It then discusses capital, the different types of capital (equity and debt), and interest. The remainder of the document discusses how interest rates are determined and various interest rate formulas for calculating present and future values of single and uniform cash flows under simple, compound, continuous and discrete compounding. It also covers economic equivalence and cash flow diagrams/notations.
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The document discusses the importance of compound interest over time for personal finance. It provides 7 examples of how investing the same amount annually at different interest rates and compounding periods can significantly impact the future value. The key lessons are that starting early, avoiding debt, and allowing interest to compound are critical for building wealth over decades. Small differences in returns or starting times can lead to large differences in retirement savings.
Assignment 2
This document contains the questions for Math2701 Assignment 2. It includes 5 questions about calculating present values and payments for various types of annuities with different terms and conditions. Students are asked to solve for values like the payment amount on a revised quarterly annuity, the present value of specific annuities, and the interest rate given equal present values for two perpetuities. The assignment is due on November 19th at the math office by 3:30 pm.
112Quiz Submissios - Posttest #1Question 1 1 6 poin.docx
1/12
Quiz Submissios - Posttest #1
Question 1 1 / 6 points
(Learning Outcome 5) Jimpson Corp. issued 2,000 shares of $15 par value common stock at
$18.00 per share for cash.
A) What account/s and amounts would you Debit in this transaction?
B) What account/s and amounts would you Credit in this transaction?
You must answer both A) and B) correctly to receive full credit for this question.
The correct answer is not displayed for Written Response type questions.
View Feedback
Question 2 3 / 3 points
(Learning Outcome 1) Benford Co. has Supplies totaling 17,500, Accounts Receivables of 20,250,
they have 97,525 in Cash on hand and the business has a 90,000 Notes Payable and owes
21,000 on account to the Brown Co. How much is Benford's Owner's Equity? (Hint: Use the
accounting equation to help solve this problem)
Amount that would be debited in the transaction = 2000 x 18 = $36000
Amount that would be credited in the transaction =36000 -(2000 x 15) =$6000
$66,275
$170,775
$24,275
$204,275
javascript://
2/12
Question 3 3 / 6 points
(Learning Outcome 1) In 2017 Robot Inc. reported total assets as $15,750 and total liabilities as
$8,560. You must show your calculations and answer both A) and B) correctly to receive full
credit for this question.
A) Use the accounting equation to solve for the amount of equity in 2017.
B) If in 2018, Robot's assets increase by $3,000 and the equity decreases by $1,950, what will
be the amount reported for liabilities in 2018?
The correct answer is not displayed for Written Response type questions.
View Feedback
Question 4 3 / 6 points
(Learning Outcome 8) Pawla's Pet Resort provides the following data:
2017 2016
Revenues $15,500 $13,900
Cost of
Goods Sold
$5,000 $6,250
Prepare a horizontal analysis of Revenues and Cost of Goods Sold--both in dollar amounts and in
percentages. You must show your calculations to receive full credit for this question. Round
your answer to the nearest percentage.
Total Equity = Total Assets - Total Liability
Total Assets= $ 15,750
Total Liability= $ 8560
Total Equity= $ 7190
Total Assets in 2018= 15750 + 3000
Total Assets= $20750
Total Equity in 2018= 7190- 1950
Total Equity= 5240
Amount Recorded for Liability= 20750-5240= $15510
javascript://
3/12
The correct answer is not displayed for Written Response type questions.
View Feedback
Question 5 3 / 3 points
(Learning Outcome 2) Bowen Services performed electrical services for Peterson's Dept. Store
on account for $657. How would this transaction affect Peterson's Dept. Store's accounting
equation?
Question 6 0 / 6 points
(Learning Outcome 6) On January 1, 2016, Jiffy Inc. issued $15,000 in bonds for $14,700. They
were six-year bonds with a stated rate of 9% and they pay semiannual interest. Jiffy Inc. uses
the straight-line method to amortize the bond discount. Immediately after the issue of the
bonds, the ledger balances appeared as follows:
Changes in revenues from 2016 to 201 ...
9706 accounting november 2012 principal examiner report for teachers 2012 ac...
9706 accounting november 2012 principal examiner report for teachers 2012 accounting paper 970611 multiple choice
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Part 1 of 2 - Lesson 4 Questions20.0 50.0 PointsQuestion 1 .docx
Part 1 of 2 - Lesson 4 Questions
20.0/ 50.0 Points
Question 1 of 40
0.0/ 2.5 Points
When you pay off the principal and all of the interest at one time at the maturity date of the loan, we call this type of loan a(n):
A. amortized loan.
B. interest-only loan.
C. discount loan.
D. compound loan.
Question 2 of 40
0.0/ 2.5 Points
The furniture store offers you no-money-down on a new set of living room furniture. Further, you may pay for the furniture in three equal annual end-of-the-year payments of $1,000 each with the first payment to be made one year from today. If the discount rate is 6%, what is the present value of the furniture payments?
A. $3,183.60
B. $3,000
C. $2,833.39
D. $2,673.01
Question 3 of 40
2.5/ 2.5 Points
Your parents have an investment portfolio of $400,000, and they wish to take out cash flows of $50,000 per year as an ordinary annuity. How long will their portfolio last if the portfolio is invested at an annual rate of 4.50%? Use a calculator to determine your answer.
A. 8 years
B. 9.10 years
C. 9.60 years
D. 10.14 years
Question 4 of 40
2.5/ 2.5 Points
What is the present value of a lottery paid as an annuity due for 20 years if the cash flows are $250,000 per year and the appropriate discount rate is 7.50%?
A. $5,000,000.00
B. $3,186,045.39
C. $2,739,769.55
D. $2,548,622.84
Question 5 of 40
0.0/ 2.5 Points
What is the present value of a stream of annual end-of-the-year annuity cash flows if the discount rate is 0%, and the cash flows of $50 last for 20 years?
A. Less than $1,000
B. Exactly $1,000
C. More than $1,000
D. This question cannot be answered because we have an interest rate of 0%.
Question 6 of 40
2.5/ 2.5 Points
If you borrow $100,000 at an annual rate of 8% for a 10-year period and repay with 10 equal annual end-of-the-year payments of $14,902.95, then you have just repaid what type of loan?
A. Amortized loan
B. Interest-only loan
C. Discount loan
D. Compound loan
Question 7 of 40
0.0/ 2.5 Points
What is the future value in Year 12 of an ordinary annuity cash flow of $6,000 per year at an interest rate of 4% per year?
A. $90,154.83
B. $93,761.02
C. $28,675.97
D. $32,117.08
Question 8 of 40
0.0/ 2.5 Points
Your firm intends to finance the purchase of a new construction crane. The cost is $1,500,000. How large is the payment at the end of Year 10 if the crane is financed at a rate of 8.50% as a discount loan?
A. $228,611.56
B. $127,500
C. $3,391,475.16
D. There is not enough information to answer this question.
Question 9 of 40
0.0/ 2.5 Points
You just won the Publisher's Clearing House Sweepstakes and the right to 20 after-tax ordinary annuity cash flows of $163,291.18. Assuming a discount rate of 7.50%, what is the present value of your lottery winnings? Use a calculator to determine your answer.
A. $3,265,823.60
B. $1,789,520.81
C. $1,664,670.52
D. There is not enough information to answer this question.
Questi.
4 ac1 01_que_20210428
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Dec 17 Simple Interest
The document provides examples of simple interest rate calculations and questions. It defines the simple interest formula as I = Prt, where I is interest, P is principal, r is interest rate as a decimal, and t is time in years. It then gives examples of calculating interest for different principal amounts invested or borrowed at various rates and times. It omits questions 2b, 5, 6, and 8 from the set of exercises.
Ch4
This document discusses various money-time relationships and concepts of equivalence. It begins by defining money as a medium of exchange, store of value, and unit of account. It then discusses capital, the different types of capital (equity and debt), and interest. The remainder of the document discusses how interest rates are determined and various interest rate formulas for calculating present and future values of single and uniform cash flows under simple, compound, continuous and discrete compounding. It also covers economic equivalence and cash flow diagrams/notations.
The Time Value Of Money
The document discusses the importance of compound interest over time for personal finance. It provides 7 examples of how investing the same amount annually at different interest rates and compounding periods can significantly impact the future value. The key lessons are that starting early, avoiding debt, and allowing interest to compound are critical for building wealth over decades. Small differences in returns or starting times can lead to large differences in retirement savings.
Assignment 2
This document contains the questions for Math2701 Assignment 2. It includes 5 questions about calculating present values and payments for various types of annuities with different terms and conditions. Students are asked to solve for values like the payment amount on a revised quarterly annuity, the present value of specific annuities, and the interest rate given equal present values for two perpetuities. The assignment is due on November 19th at the math office by 3:30 pm.
112Quiz Submissios - Posttest #1Question 1 1 6 poin.docx
1/12
Quiz Submissios - Posttest #1
Question 1 1 / 6 points
(Learning Outcome 5) Jimpson Corp. issued 2,000 shares of $15 par value common stock at
$18.00 per share for cash.
A) What account/s and amounts would you Debit in this transaction?
B) What account/s and amounts would you Credit in this transaction?
You must answer both A) and B) correctly to receive full credit for this question.
The correct answer is not displayed for Written Response type questions.
View Feedback
Question 2 3 / 3 points
(Learning Outcome 1) Benford Co. has Supplies totaling 17,500, Accounts Receivables of 20,250,
they have 97,525 in Cash on hand and the business has a 90,000 Notes Payable and owes
21,000 on account to the Brown Co. How much is Benford's Owner's Equity? (Hint: Use the
accounting equation to help solve this problem)
Amount that would be debited in the transaction = 2000 x 18 = $36000
Amount that would be credited in the transaction =36000 -(2000 x 15) =$6000
$66,275
$170,775
$24,275
$204,275
javascript://
2/12
Question 3 3 / 6 points
(Learning Outcome 1) In 2017 Robot Inc. reported total assets as $15,750 and total liabilities as
$8,560. You must show your calculations and answer both A) and B) correctly to receive full
credit for this question.
A) Use the accounting equation to solve for the amount of equity in 2017.
B) If in 2018, Robot's assets increase by $3,000 and the equity decreases by $1,950, what will
be the amount reported for liabilities in 2018?
The correct answer is not displayed for Written Response type questions.
View Feedback
Question 4 3 / 6 points
(Learning Outcome 8) Pawla's Pet Resort provides the following data:
2017 2016
Revenues $15,500 $13,900
Cost of
Goods Sold
$5,000 $6,250
Prepare a horizontal analysis of Revenues and Cost of Goods Sold--both in dollar amounts and in
percentages. You must show your calculations to receive full credit for this question. Round
your answer to the nearest percentage.
Total Equity = Total Assets - Total Liability
Total Assets= $ 15,750
Total Liability= $ 8560
Total Equity= $ 7190
Total Assets in 2018= 15750 + 3000
Total Assets= $20750
Total Equity in 2018= 7190- 1950
Total Equity= 5240
Amount Recorded for Liability= 20750-5240= $15510
javascript://
3/12
The correct answer is not displayed for Written Response type questions.
View Feedback
Question 5 3 / 3 points
(Learning Outcome 2) Bowen Services performed electrical services for Peterson's Dept. Store
on account for $657. How would this transaction affect Peterson's Dept. Store's accounting
equation?
Question 6 0 / 6 points
(Learning Outcome 6) On January 1, 2016, Jiffy Inc. issued $15,000 in bonds for $14,700. They
were six-year bonds with a stated rate of 9% and they pay semiannual interest. Jiffy Inc. uses
the straight-line method to amortize the bond discount. Immediately after the issue of the
bonds, the ledger balances appeared as follows:
Changes in revenues from 2016 to 201 ...
9706 accounting november 2012 principal examiner report for teachers 2012 ac...
9706 accounting november 2012 principal examiner report for teachers 2012 accounting paper 970611 multiple choice
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Part 1 of 2 - Lesson 4 Questions20.0 50.0 PointsQuestion 1 .docx
Part 1 of 2 - Lesson 4 Questions
20.0/ 50.0 Points
Question 1 of 40
0.0/ 2.5 Points
When you pay off the principal and all of the interest at one time at the maturity date of the loan, we call this type of loan a(n):
A. amortized loan.
B. interest-only loan.
C. discount loan.
D. compound loan.
Question 2 of 40
0.0/ 2.5 Points
The furniture store offers you no-money-down on a new set of living room furniture. Further, you may pay for the furniture in three equal annual end-of-the-year payments of $1,000 each with the first payment to be made one year from today. If the discount rate is 6%, what is the present value of the furniture payments?
A. $3,183.60
B. $3,000
C. $2,833.39
D. $2,673.01
Question 3 of 40
2.5/ 2.5 Points
Your parents have an investment portfolio of $400,000, and they wish to take out cash flows of $50,000 per year as an ordinary annuity. How long will their portfolio last if the portfolio is invested at an annual rate of 4.50%? Use a calculator to determine your answer.
A. 8 years
B. 9.10 years
C. 9.60 years
D. 10.14 years
Question 4 of 40
2.5/ 2.5 Points
What is the present value of a lottery paid as an annuity due for 20 years if the cash flows are $250,000 per year and the appropriate discount rate is 7.50%?
A. $5,000,000.00
B. $3,186,045.39
C. $2,739,769.55
D. $2,548,622.84
Question 5 of 40
0.0/ 2.5 Points
What is the present value of a stream of annual end-of-the-year annuity cash flows if the discount rate is 0%, and the cash flows of $50 last for 20 years?
A. Less than $1,000
B. Exactly $1,000
C. More than $1,000
D. This question cannot be answered because we have an interest rate of 0%.
Question 6 of 40
2.5/ 2.5 Points
If you borrow $100,000 at an annual rate of 8% for a 10-year period and repay with 10 equal annual end-of-the-year payments of $14,902.95, then you have just repaid what type of loan?
A. Amortized loan
B. Interest-only loan
C. Discount loan
D. Compound loan
Question 7 of 40
0.0/ 2.5 Points
What is the future value in Year 12 of an ordinary annuity cash flow of $6,000 per year at an interest rate of 4% per year?
A. $90,154.83
B. $93,761.02
C. $28,675.97
D. $32,117.08
Question 8 of 40
0.0/ 2.5 Points
Your firm intends to finance the purchase of a new construction crane. The cost is $1,500,000. How large is the payment at the end of Year 10 if the crane is financed at a rate of 8.50% as a discount loan?
A. $228,611.56
B. $127,500
C. $3,391,475.16
D. There is not enough information to answer this question.
Question 9 of 40
0.0/ 2.5 Points
You just won the Publisher's Clearing House Sweepstakes and the right to 20 after-tax ordinary annuity cash flows of $163,291.18. Assuming a discount rate of 7.50%, what is the present value of your lottery winnings? Use a calculator to determine your answer.
A. $3,265,823.60
B. $1,789,520.81
C. $1,664,670.52
D. There is not enough information to answer this question.
Questi.
4 ac1 01_que_20210428
Edexcel IGCSE Accounting May 2021
Edexcel Latest IGCSE/O Level Accounting Paper 1
Free download
Paper 01: Introduction to Bookkeeping and Accounting
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- Questions determine future and present values of investments, loans, and annuities using compound interest formulas.
- Examples find equivalent uniform annual costs, retirement fund amounts, loan balances, and other financial calculations.
- Solutions walk through setting up and solving the compound interest and time value of money equations for each problem.
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In this graded assignment, you are assessed on the content covered in this weeks’ readings, activities, and assignments. To help you prepare, it is recommended that you first complete this week’s Learning Path and Self-Test Learning Activities prior to completing this exam.
Complete the Week 1 Exam covering this week’s assigned readings:
PAGE 1Practice exerciseChapter 1 and 2 practice exercis.docx
PAGE
1
Practice exercise
Chapter 1 and 2 practice exercise
Name
ACC: 201
Instructor:
Date
Exercise 1-2: Assume that Kennedy Company acquires $1,600 cash from creditors and $1,800 cash from investors.
Required
a. Explain the primary differences between investors and creditors.
Answer:
a) The primary difference between creditors and investors is a creditor you must pay back the money borrowed and most of the time there is interest. An investor is someone that is investing in the company and normally has stock from doing so. If the company does not make it and dissolves creditors get paid first, and if there is still money left, investors get it.
b. If Kennedy has a net loss of $1,600 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?
Answer:
b) The creditors will get $1,600, or all of their money, and the investors will get $200.
c. If Kennedy has net income of $1,600 and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?
Answer:
c) The creditors will get all of their money ($1,600), and the investors will get all of the rest which is their original $1,800 + 1,600 = $3,400.
Exercise 1-4: Kenneth Chang recently started a business. During the first few days of operation, Mr. Chang transferred $30,000 from his personal account into a business account for a company he named Chang Enterprises. Chang Enterprises borrowed $40,000 from First Bank. Mr. Chang’s father-in-law, Jim Harwood, invested $64,000 into the business for which he received a 25 percent ownership interest. Chang Enterprises purchased a building from Morton Realty Company. The building cost $120,000 cash. Chang Enterprises earned $28,000 in revenue from the company's customers and paid its employees $25,000 for salaries expense.
Answer
1. $30,000 from Kenneth Changs personal account – goes into Assets under Cash and in the Statement of cash flows.
2. $40,000 Borrowed from First Bank – goes into Assets under Cash and in the Statement of cash flows.
3. $64,000 from Jim Harwood (father-in-law) He received 25% ownership interest – goes into Assets and Common Stock and then in the Statement of cash flows.
4. $120,000 went toward buying a building – this would be in the Land column
5. $28,000 Revenue – would be in the Income statement under Rev. and Net Inc., and back in the Balance sheet under Cash and Ret, Earn. Columns. This is also listed in the Statement of cash flows
6. $25,000 Employee salaries – is listed in Assets under Cash and Ret. Earn. Then in the Income Statement under Exp. And Net Inc., and then under the Statement of cash flows.
Required:
Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify.
Exercise 1-9: The December 31, 2012, balance sheet for Classic Company showed total stockholders’ equity of $82,500. Total stockholders’ equity increa.
1. Which of the following items are part of a businesss set of fi.docx
1. Which of the following items are part of a business's set of financial statements?
a. Income statement
b. Balance sheet
c. Statement of cash flows
d. Both a. and b. above
e. a., b., and c. above
Answer: _____
2. True or False: The requirement to provide financial accounting information is driven by the need for outside stakeholders (primarily investors) to have reliable information about the financial status of an organization.
a. True
b. False
Answer: _____
3. True or False: The set of rules and regulations that govern the content and format of financial statements is called Government Acceptable Procedures (GAP).
a. True
b. False
Answer: _____
4. Which of the following statements about cash versus accrual accounting is most correct?
a. In cash accounting, an event is recognized when a cash transaction occurs.
b. In accrual accounting, an event is recognized when a cash transaction occurs.
c. Most large healthcare organizations use cash accounting.
d. Most small healthcare organizations use accrual accounting because it closely matches statements required for income tax purposes.
e. In cash accounting, an event is recognized when the obligation for a cash transaction is created.
Answer: _____
5. Which of the following statements about the income statement is most correct?
a. It has several alternative names, including the statement of liabilities.
b. It reports the financial status of an organization as of a single point in time.
c. It reports the economic profitability of an organization.
d. Its three major sections are operating costs, nonoperating costs, and total (net) costs.
e. Income statements are always prepared annually, but never for shorter periods (for example, quarterly).
Answer: _____
6. Which of the following statements about gross and net patient service revenue is most correct?
a. Gross revenue reports revenue based on chargemaster prices.
b. Net revenue is gross revenue less discounts and charity care.
c. Net revenue is gross revenue less discounts, charity care, and bad debt losses.
d. Both a. and b. above are correct.
e. Both a. and c. above are correct.
Answer: _____
7. True or False: Under accrual accounting, all revenues reported on the income statement represent cash collections.
a. True
b. False
Answer: _____
8. True or False: Under accrual accounting, all expenses reported on the income statement represent cash costs.
a. True
b. False
Answer: _____
9. Which of the following statements about income statement expenses is most correct?
a. Supplies are expensed (shown) on the income statement when purchased.
b. Supplies are expensed (shown) on the income statement when consumed (used to provide patient services).
c. All lease expense is reported on the income statement.
d. Both a. and c. above are correct.
e. Both b. and c. above are correct.
Answer: _____
10. Which of the following statements co.
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Fundamental accounting for entrepreneurs
This document provides a 3-sentence introduction to fundamental accounting concepts for entrepreneurs and social entrepreneurship students. It discusses analyzing business cases to develop entrepreneurial skills, changing society and spreading knowledge. The document contains questions and answers on accounting topics to help students learn.
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This document contains a student's homework on life cycle financial planning. It includes responses to questions on topics like calculating future property values, inflation rates, earnings on savings, time value of money, and financial planning cases. The student provides detailed calculations and references tables to support their answers. They also outline short-term and long-term personal financial goals with steps to achieve them.
1. Which one of the following terms is defined as a conflict of inte.docx
1. Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
A.
articles of incorporation
B.
corporate breakdown
C.
agency problem
D.
bylaws
E.
legal liability
2. Which of the following questions are addressed by financial managers?
I. How should a product be marketed?
II. Should customers be given 30 or 45 days to pay for their credit purchases?
III. Should the firm borrow more money?
IV. Should the firm acquire new equipment?
A.
I and IV only
B.
II and III only
C.
I, II, and III only
D.
II, III, and IV only
E.
I, II, III, and IV
3. Which one of the following is a capital budgeting decision?
A.
determining how many shares of stock to issue
B.
deciding whether or not to purchase a new machine for the production line
C.
deciding how to refinance a debt issue that is maturing
D.
determining how much inventory to keep on hand
E.
determining how much money should be kept in the checking account
4. Decisions made by financial managers should primarily focus on increasing which one of the following?
A.
size of the firm
B.
growth rate of the firm
C.
gross profit per unit produced
D.
market value per share of outstanding stock
E.
total sales
5. Essay
List and briefly describe the three general areas of responsibility for a financial manager.
Section II: Financial Statements, Taxes and Cash Flow
6. The book value of a firm is:
A.
equivalent to the firm's market value provided that the firm has some fixed assets.
B.
based on historical cost.
C.
generally greater than the market value when fixed assets are included.
D.
more of a financial than an accounting valuation.
E.
adjusted to the market value whenever the market value exceeds the stated book value.
7. Which of the following are expenses for accounting purposes but are not operating cash flows for financial purposes?
I. interest expense
II. taxes
III. costs of goods sold
IV. depreciation
A.
IV only
B.
II and IV only
C.
I and III only
D.
I and IV only
E.
I, II, and IV only
8. A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
A.
$710
B.
$780
C.
$990
D.
$2,430
E.
$2,640
9. Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
A.
$129,152
B.
$171,852
C.
$179,924
D.
$281,417
E.
$309,076
10.
What is the change in the net working capital from 2010 to 2011?
A.
-$1,194
B.
$1,306
C.
$1,887
D.
$4,780
E.
$5,172
11.
Relationships determined from a firm's financial information and used for comparison purposes are known as:
A.
financial ratios.
B.
identities.
C.
dimensional analysis.
D.
scenario analysis.
E.
solvency analysis.
12.
According.
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The document discusses the time value of money concept. It explains that money received sooner rather than later allows one to use the funds for investment or consumption purposes. A dollar today is worth more than a dollar tomorrow because it can earn interest if invested. The time value of money depends on interest rates and the number of time periods. Formulas for simple and compound interest, future value, present value, and interest rates are provided. Examples are given to illustrate how to calculate future and present values using the time value of money formulas.
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This document contains a variety of accounting questions and answers related to topics like variances, budgets, and financial statements. It includes multiple choice questions on direct materials and direct labor variances, bonus calculations, inventory valuation, and budgeting concepts. The questions cover accounting principles for sales, costs, revenues, and internal controls.
!#$&$()#+,(!1. Question Which of the following isar.docx
!"#$%&$'()*#+,(
!
1. Question : Which of the following is/are true?
I. Asset management ratio indicates how effectively a firm
generates profits on sales, assets and stockholder’s equity.
II. Liquidity ratios indicate the firm’s capacity to meet its
short-term financial obligations, but not its long-term
financial obligations.
III. Profitability ratios indicate how efficiently a firm is using
its assets to generate sales.
IV. Financial leverage ratios indicate the firm’s capacity to
meet its financial obligations, both short-term and long-term.
Student Answer:
II and IV
I and II
I, II, and IV
I and III
Question 2. Question : Which of the following is/are true?
I. When a loan is amortized over a five year term, the amount
of interest paid is decreased each year.
II. The effective annual rate of interest will always be equal
to or less than the nominal annual rate of interest.
III. An annuity due is the annuity in which the payments or
receipts occur at the beginning of each period.
IV. If the present value of a given sum is equal to its future
value, then the discount rate must be zero.
Student Answer:
IV only
III & IV
II, III & IV
I, III & IV
Question 3. Question : If a firm’s current ratio is 3.0,
Student Answer:
it is possible for its quick ratio to be larger than 3.0.
its current liabilities exceed its current assets.
it is possible for its quick ratio to be smaller than 3.0.
its current liabilities equal its current assets.
Ch 3
Ch 5
Ch 3
Question 4. Question : Which of the following is/are true?
I. The shareholder wealth maximization goal states that
management should seek to maximize the present value of
the expected future returns to the owners of the firm.
II. The primary reason for the agency problem between the
stockholders and managers is because of the separation of
ownership and management.
III. Protective covenants in a company's bond indentures are
used in agency relationships involving stockholders and
creditors.
IV. The fact that no investor can expect to earn excess
returns based on an investment strategy using only historical
stock price or return information is an example of
semistrong-form market efficiency.
Student Answer:
I and IV
I, II and IV
I, II and III
All of the above
Question 5. Question : If you’re a financial manager of a MNC (U.S. based) and you
anticipate that your company will need to pay C$2 million 6
months later. If you would like to make use of either forward
or futures or options contracts to fix your exchange rate
today, what is your strategy?
Student Answer:
BUY forward/futures contracts for C$2 million or BUY
call options for C$2 million.
SELL forward/futures contracts for C$2 million or BUY
call options for C$2 million.
BUY forward/futures contracts for C$2 million or ...
Time Value of Money.doc
This document contains class notes that review fundamentals of valuation, including time value of money concepts like future value, present value, and rates of return. It provides examples of calculating single sums, future values, present values, and rates of return using formulas. It also discusses compounding periods and continuous compounding. The notes conclude with practice problems for calculating present and future values of single sums.
LESSON 11. Which of the following would result in a decrease i.docx
LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a use of cash.
B. Accounts receivable increased by $2,300 and represented a source of cash.
C. Accounts receivable decreased by $2,300 and represented a source of cash.
D. Accounts receivable increased by $2,300 and represented a use of cash.
7. If a firm has revenues of $15,090 and expenses of $8,850, what is the firm’s taxable income?
A. $15,090 C. $6,240
B. $8,850 D. $23,940
8. Which of the following statements about the issuance of an initial public offering (IPO) is correct?
A. IPOs may be either underpriced or overpriced.
B. IPOs are never overpriced.
C. IPOs are never underpriced.
D. IPOs are always correctly priced.
9. If a firm has revenues of $15,090, operating expenses of $8,850, and a tax expense of $2,120, what is the firm’s net income?
A. $8,850 C. $6,240
B. $4,120 D. $8,360
10. When you’re preparing a common-sized balance sheet, which of the following measures is set to equal 100 percent?
A. Total liabilities C. Total owners’ equity
B. Total assets D. Cash
11. Suppose that a corporation has a taxable income of $200,000. What is the firm’s corporate income tax for the current tax year? (You can use the following table to calculate the firm’s U.S. federal corporate tax.)
Taxable Income
More Than
Taxable Income
Less Than
Tax
Rate
$0 $50,000 15%
$50,001 $75,000 25%
$75,001 $100,000 34%
$100,001 $335,000 39%
$335,001 $10,000,000 34%
$10,000,001 $15,000,000 35%
$15,000,001 $183,333,334 38%
$18,333,334 35%
A. $78,000 C. $39,000
B. $6,250 D. $61,250
12. Using the same table and information provided in Question 11, what is the firm’s average tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
13. Using the same table and information provided in Question 11, what is the firm’s marginal tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
14. Dilution r ...
ACCT 3220Fall 2013Group Exercise #4Sapienti Co. sells $400.docx
ACCT 3220
Fall 2013
Group Exercise #4
Sapienti Co. sells $400,000 of 12% bonds on June 1, 2014, the contract date. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2018. The bonds yield 10%. After the second interest payment, Sapienti buys back the bonds when the market interest rate is 8%.
Required:
1. Record the journal entry for the issuance of the bond.
2. Record the journal entry for the first interest payment.
3. Record the journal entry on December 31, 2014.
4. Record the journal entry for the second interest payment.
5. Record the journal entry for the buy back of the bonds.
1
Question: If inflation is anticipated to be 5 percent during the next year, while the real rate of interest for a one-year loan is 5 percent, then what should the nominal rate of interest be for a risk-free one-year loan?
A
5 percent
B
10 percent
C
25 percent
D
None of the above
2
Question: Which one of the following statements is not true?
A
The value of a dollar invested at a positive interest rate grows over time
B
The further in the future you receive a dollar, the less it is worth today
C
A dollar in hand today is worth more than a dollar to be received in the future
D
The further in the future you receive a dollar, the more it is worth today
3
Question: Efficiency ratio: Jet, Inc., has net sales of $712,478 and accounts receivables of $167,435. What are the firm's accounts receivables turnover and days' sales outstanding?
A
0.24 times; 78.5 days
B
4.26 times; 85.7 days
C
5.2 times; 61.3 days
D
None of the above
4
Question: If you have loaned capital to a firm, then you could be
A
A shareholder
B
A stakeholder
C
A partner
D
All of the above
5
Question: Which one of the following is not an advantage of using ROE as a goal?
A
ROE is highly correlated with shareholder wealth maximization
B
ROE and the DuPont analysis allow management to break down the performance and identify areas of strengths and weaknesses
C
ROE does not consider risk
D
All of the above are advantages of using ROE as a goal
6
Question: The future value of multiple cash flows is
A
Greater than the sum of the cash flows
B
Equal to the sum of all the cash flows
C
Less than the sum of the cash flows
D
None of the above
7
Question: The major players in the direct financial markets are
A
Investment banks
B
Money center banks
C
Regional banks
D
Both A and B
8
Question: One of the main services offered by investment banks to companies is
A
Helping companies sell new debt or equity issues in the security markets
B
Making loans to companies
C
Taking deposits from companies
D
All of the above
9
Question: Shane Matthews has invested in an investment that will pay him $6,200, $6,450, $7,225, and $7,500 over the next four years. If his opportunity cost is 10 percent, what is the future value of the cash flows he will receive? (Round to the nearest dollar.)
A
$27,150
B
$29,900
C
$30,455
D
$3.
AC1220 ACCOUNTING ILab 4.2AC1220 Lab 4.2Intro.docx
AC1220 ACCOUNTING I Lab 4.2
AC1220 Lab 4.2
Introduction
Jake’s Computer Sales and Repair has an accounts receivable balance of $6,520 as of May 31, 20x1. Jake maintains an aging-of-accounts schedule listing a time outstanding (or “age”) of the invoice amounts that make up each customer’s receivable balance.
Requirement 1
a. Compute the estimated uncollectible amount for each customer in the aging schedule. Enter amounts in the appropriate cells, rounding to the nearest dollar.
b. Compute the total estimated allowance for the uncollectible account balance. Enter the amount in the appropriate cell.
Uncollectible Accounts Schedule at May 31, 20x1
Customer Name
Account Number
1-30 Days
31-60 Days
61-90 Days
Over 90 Days
Totals
Atterbury
1001
$850
$250
-
-
$1,100
Smith
1002
1,320
2,900
$480
-
$4,700
Walten
1003
-
-
50
40
$90
Total
$2,170
$3,150
$530
$40
$6,520
Estimated percent uncollectible
x 2%
x 5%
x 10%
x 90%
Estimated allowance for uncollectible accounts
Requirement 2
a. Make the necessary journal entry to establish an allowance for the uncollectible accounts account. Use the target allowance for the uncollectible accounts balance computed in Requirement 1.
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
b. Post the entry from Requirement 2a and account receivable balance to the following T-Accounts:
Uncollectible Account Expense
Allowance for Uncollectible Accounts
Accounts Receivable
c. Show the disclosure of net accounts receivable in the following partial balance sheet:
In the current assets section of the balance sheet:
Accounts Receivable, Net
Requirement 3
Jake is informed in writing that a customer, Walten, has filed for bankruptcy and will be unable to settle an account receivable of $90.
Make the journal entry necessary to write off this amount.
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
Requirement 4
Jake receives notice from Walten’s attorney that Jake’s Computer Sales and Repair will receive $0.50 on the dollar of the $90 account receivable previously written off. A check for that amount is included.
Journalize the partial reinstatement and recovery of Walten’s account receivable.
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
Requirement 5
Customer Smith’s account receivable balance of $480 is more than 60 days old. Jake and Smith agree to reclassify this amount as a note payable with a six-month maturity and a 15 percent annual interest rate.
Jake makes the following journal entry:
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
Note Receivable
$480
Accounts Receivable
$480
To record 15% note receivable
Compute the interest and principle components of the payment that Smith will make on June 30, 20x1, on the note payable.
Hint: Principal x Interest Rate x Days/365 = Amount of Interest
Requirement 6
Requirement 6
Jake considers using the direct write-off method to account for uncollectible accounts. He would debit the uncollectible account expense a.
Present value or future value
The document discusses the time value of money and how to calculate present and future value of cash flows. It explains that $10,000 received today is worth more than the same amount received in the future due to interest earnings. It provides examples of calculating future and present value over different time periods using a 4.5% interest rate. The key idea is that a dollar today is worth more than a dollar tomorrow because of investment growth opportunities.
Chapter 05 Time Value Of Money
The document discusses time value of money concepts including future value, present value, annuities, effective annual rate, and compound interest. It provides examples of calculating future value, present value, and annuities using time value of money formulas. Spreadsheet functions for solving time value problems are also introduced.
ACCT 504 Midterm Exam (4 Sets, 2017)
This document contains a midterm exam for an accounting course with 4 sets of multiple choice and problem-solving questions. It covers topics like internal controls, journal entries, financial statements, accounting equations, inventory costing methods, and more. The exam is available for purchase on the listed website that contains accounting course materials.
Question 1The Official Document which Gives a States Authorizat.docx
Question 1
The Official Document which Gives a State's Authorization to Form a Corporation is (are) called:
A.
Charter
B.
Bylaws
C.
Permit
D.
Certificate to Operate
Question 2
The Fair Market Value of Land and/or Buildings Given as a Gift to Corporations by Communities as an Incentive to Locate in their Area is called _ _ _ by Accountants.
A.
Relocation Incentives
B.
Donated Capital
C.
A Freebie
D.
A Free Good
Question 3
Ed Rice has invested $40,000 in a privately held family corporation. If the Corporation Fails and Declares Bankruptcy, How much does Ed Rice stand to Lose?
A.
The $40,000 plus any personal assets the creditors demand.
B.
Up to his total investment of $40,000.
C.
Zero.
D.
Half of his investment, $20,000.
Question 4
Which of the following statements correctly describes the Transferability of Ownership Rights in a Corporation? A shareholder:
A.
Must obtain the permission of the board of directors before selling their shares.
B.
Must obtain the permission of 3 other stockholders before their selling shares.
C.
Must transfer all of their shares if they decide to transfer ownership.
D.
May dispose of part or all or their shares whenever they wish.
Question 5
Which of the following is NOT an Advantage of the Corporate Form of Ownership?
A.
It has the ability to raise large sums of capital by selling stocks and bonds.
B.
It is less subject to regulations than proprietorships or partnerships.
C.
Its stockholders have limited liability if the corporation fails.
D.
It has a continuous life which is independent of that of the managers.
Question 6
Dividends are Declared Out Of:
A.
Capital Stock.
B.
Retained Earnings.
C.
Paid in Capital in Excess of Par Value.
D.
Treasury Stock.
Question 7
Which of the following represents the Largest Number of Common Shares?
A.
Outstanding shares.
B.
Authorized shares.
C.
Issued shares.
D.
Treasury shares.
Question 8
1. Treasury Stock is a(n):
A.
Asset account.
B.
Contra Stockholder's Equity account.
C.
Contra Asset account.
D.
Retained Earnings account.
Question 9
Dividends in Arrears on Cumulative Preferred Stock:
A.
Never have to be paid.
B.
Enable preferred stockholders to share equally in corporate earnings with the common stockholders.
C.
Must be paid before common stockholders receive a dividend.
D.
Should be recorded as a current liability until they are paid.
Question 10
The Correct Sequence of Dividend Dates is:
A.
Announcement date Registration date Payout date.
B.
Record date Declaration date Payment date.
C.
Declaration date Record date Payment date.
D.
Record date Payment date Declaration date.
Question 11
The Effect of a Declaration of a Cash Dividend by the Board of Directors is to:
.........INCREASE .................DECREASE
A.
Stockholder's Equity …….… Assets
B.
Assets ……………………… Liabilities
C.
Liabilities ………………Stockholder’s Equity
D.
Liabilities …………………… Assets
Question 12
Stock Dividends and Stock Splits have the foll ...
The Time Value of Money
This is a free webinar hosted by the Personal Finance concentration area of the Military Families Learning Network on February 21, 2017.
The time value of money (e.g., present and future value of a lump sum or an annuity) is one of the most fundamental building blocks of financial goal-setting and decision-making. This 90-minute webinar will discuss basic time value of money concepts and the application of time value of money concepts to real-life financial planning decisions. The webinar will also model “hands-on” calculations that participants can use with others (e.g., clients and students) and describe online resources (e.g., videos, calculators, and curricula) that teach time value of money concepts. Participants should bring a financial calculator to complete a series of financial decision-making problems that will be presented during the webinar.
Participants will need to do manual calculations during this webinar. Please join the webinar with a calculator or have access to an online calculator. Additional webinar resources available at https://learn.extension.org/events/2878.
Radian trig graph word problems
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Review units 1 3 ocs fm with released items for midterm review
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This document contains sample problems and solutions related to interest rates and time-money relationships. Some key points:
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- Examples find equivalent uniform annual costs, retirement fund amounts, loan balances, and other financial calculations.
- Solutions walk through setting up and solving the compound interest and time value of money equations for each problem.
FP 100 T Enhance teaching / snaptutorial.com
FP 100T Week 1 WileyPLUS Weekly Exam
In this graded assignment, you are assessed on the content covered in this weeks’ readings, activities, and assignments. To help you prepare, it is recommended that you first complete this week’s Learning Path and Self-Test Learning Activities prior to completing this exam.
Complete the Week 1 Exam covering this week’s assigned readings:
PAGE 1Practice exerciseChapter 1 and 2 practice exercis.docx
PAGE
1
Practice exercise
Chapter 1 and 2 practice exercise
Name
ACC: 201
Instructor:
Date
Exercise 1-2: Assume that Kennedy Company acquires $1,600 cash from creditors and $1,800 cash from investors.
Required
a. Explain the primary differences between investors and creditors.
Answer:
a) The primary difference between creditors and investors is a creditor you must pay back the money borrowed and most of the time there is interest. An investor is someone that is investing in the company and normally has stock from doing so. If the company does not make it and dissolves creditors get paid first, and if there is still money left, investors get it.
b. If Kennedy has a net loss of $1,600 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?
Answer:
b) The creditors will get $1,600, or all of their money, and the investors will get $200.
c. If Kennedy has net income of $1,600 and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?
Answer:
c) The creditors will get all of their money ($1,600), and the investors will get all of the rest which is their original $1,800 + 1,600 = $3,400.
Exercise 1-4: Kenneth Chang recently started a business. During the first few days of operation, Mr. Chang transferred $30,000 from his personal account into a business account for a company he named Chang Enterprises. Chang Enterprises borrowed $40,000 from First Bank. Mr. Chang’s father-in-law, Jim Harwood, invested $64,000 into the business for which he received a 25 percent ownership interest. Chang Enterprises purchased a building from Morton Realty Company. The building cost $120,000 cash. Chang Enterprises earned $28,000 in revenue from the company's customers and paid its employees $25,000 for salaries expense.
Answer
1. $30,000 from Kenneth Changs personal account – goes into Assets under Cash and in the Statement of cash flows.
2. $40,000 Borrowed from First Bank – goes into Assets under Cash and in the Statement of cash flows.
3. $64,000 from Jim Harwood (father-in-law) He received 25% ownership interest – goes into Assets and Common Stock and then in the Statement of cash flows.
4. $120,000 went toward buying a building – this would be in the Land column
5. $28,000 Revenue – would be in the Income statement under Rev. and Net Inc., and back in the Balance sheet under Cash and Ret, Earn. Columns. This is also listed in the Statement of cash flows
6. $25,000 Employee salaries – is listed in Assets under Cash and Ret. Earn. Then in the Income Statement under Exp. And Net Inc., and then under the Statement of cash flows.
Required:
Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify.
Exercise 1-9: The December 31, 2012, balance sheet for Classic Company showed total stockholders’ equity of $82,500. Total stockholders’ equity increa.
1. Which of the following items are part of a businesss set of fi.docx
1. Which of the following items are part of a business's set of financial statements?
a. Income statement
b. Balance sheet
c. Statement of cash flows
d. Both a. and b. above
e. a., b., and c. above
Answer: _____
2. True or False: The requirement to provide financial accounting information is driven by the need for outside stakeholders (primarily investors) to have reliable information about the financial status of an organization.
a. True
b. False
Answer: _____
3. True or False: The set of rules and regulations that govern the content and format of financial statements is called Government Acceptable Procedures (GAP).
a. True
b. False
Answer: _____
4. Which of the following statements about cash versus accrual accounting is most correct?
a. In cash accounting, an event is recognized when a cash transaction occurs.
b. In accrual accounting, an event is recognized when a cash transaction occurs.
c. Most large healthcare organizations use cash accounting.
d. Most small healthcare organizations use accrual accounting because it closely matches statements required for income tax purposes.
e. In cash accounting, an event is recognized when the obligation for a cash transaction is created.
Answer: _____
5. Which of the following statements about the income statement is most correct?
a. It has several alternative names, including the statement of liabilities.
b. It reports the financial status of an organization as of a single point in time.
c. It reports the economic profitability of an organization.
d. Its three major sections are operating costs, nonoperating costs, and total (net) costs.
e. Income statements are always prepared annually, but never for shorter periods (for example, quarterly).
Answer: _____
6. Which of the following statements about gross and net patient service revenue is most correct?
a. Gross revenue reports revenue based on chargemaster prices.
b. Net revenue is gross revenue less discounts and charity care.
c. Net revenue is gross revenue less discounts, charity care, and bad debt losses.
d. Both a. and b. above are correct.
e. Both a. and c. above are correct.
Answer: _____
7. True or False: Under accrual accounting, all revenues reported on the income statement represent cash collections.
a. True
b. False
Answer: _____
8. True or False: Under accrual accounting, all expenses reported on the income statement represent cash costs.
a. True
b. False
Answer: _____
9. Which of the following statements about income statement expenses is most correct?
a. Supplies are expensed (shown) on the income statement when purchased.
b. Supplies are expensed (shown) on the income statement when consumed (used to provide patient services).
c. All lease expense is reported on the income statement.
d. Both a. and c. above are correct.
e. Both b. and c. above are correct.
Answer: _____
10. Which of the following statements co.
Fundamental accounting for entrepreneurs
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Financial problems
This document contains a student's homework on life cycle financial planning. It includes responses to questions on topics like calculating future property values, inflation rates, earnings on savings, time value of money, and financial planning cases. The student provides detailed calculations and references tables to support their answers. They also outline short-term and long-term personal financial goals with steps to achieve them.
1. Which one of the following terms is defined as a conflict of inte.docx
1. Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
A.
articles of incorporation
B.
corporate breakdown
C.
agency problem
D.
bylaws
E.
legal liability
2. Which of the following questions are addressed by financial managers?
I. How should a product be marketed?
II. Should customers be given 30 or 45 days to pay for their credit purchases?
III. Should the firm borrow more money?
IV. Should the firm acquire new equipment?
A.
I and IV only
B.
II and III only
C.
I, II, and III only
D.
II, III, and IV only
E.
I, II, III, and IV
3. Which one of the following is a capital budgeting decision?
A.
determining how many shares of stock to issue
B.
deciding whether or not to purchase a new machine for the production line
C.
deciding how to refinance a debt issue that is maturing
D.
determining how much inventory to keep on hand
E.
determining how much money should be kept in the checking account
4. Decisions made by financial managers should primarily focus on increasing which one of the following?
A.
size of the firm
B.
growth rate of the firm
C.
gross profit per unit produced
D.
market value per share of outstanding stock
E.
total sales
5. Essay
List and briefly describe the three general areas of responsibility for a financial manager.
Section II: Financial Statements, Taxes and Cash Flow
6. The book value of a firm is:
A.
equivalent to the firm's market value provided that the firm has some fixed assets.
B.
based on historical cost.
C.
generally greater than the market value when fixed assets are included.
D.
more of a financial than an accounting valuation.
E.
adjusted to the market value whenever the market value exceeds the stated book value.
7. Which of the following are expenses for accounting purposes but are not operating cash flows for financial purposes?
I. interest expense
II. taxes
III. costs of goods sold
IV. depreciation
A.
IV only
B.
II and IV only
C.
I and III only
D.
I and IV only
E.
I, II, and IV only
8. A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
A.
$710
B.
$780
C.
$990
D.
$2,430
E.
$2,640
9. Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
A.
$129,152
B.
$171,852
C.
$179,924
D.
$281,417
E.
$309,076
10.
What is the change in the net working capital from 2010 to 2011?
A.
-$1,194
B.
$1,306
C.
$1,887
D.
$4,780
E.
$5,172
11.
Relationships determined from a firm's financial information and used for comparison purposes are known as:
A.
financial ratios.
B.
identities.
C.
dimensional analysis.
D.
scenario analysis.
E.
solvency analysis.
12.
According.
Time value of money approaches in the financial management
The document discusses the time value of money concept. It explains that money received sooner rather than later allows one to use the funds for investment or consumption purposes. A dollar today is worth more than a dollar tomorrow because it can earn interest if invested. The time value of money depends on interest rates and the number of time periods. Formulas for simple and compound interest, future value, present value, and interest rates are provided. Examples are given to illustrate how to calculate future and present values using the time value of money formulas.
SI Final Exam Jeopardy
This document contains a variety of accounting questions and answers related to topics like variances, budgets, and financial statements. It includes multiple choice questions on direct materials and direct labor variances, bonus calculations, inventory valuation, and budgeting concepts. The questions cover accounting principles for sales, costs, revenues, and internal controls.
!#$&$()#+,(!1. Question Which of the following isar.docx
!"#$%&$'()*#+,(
!
1. Question : Which of the following is/are true?
I. Asset management ratio indicates how effectively a firm
generates profits on sales, assets and stockholder’s equity.
II. Liquidity ratios indicate the firm’s capacity to meet its
short-term financial obligations, but not its long-term
financial obligations.
III. Profitability ratios indicate how efficiently a firm is using
its assets to generate sales.
IV. Financial leverage ratios indicate the firm’s capacity to
meet its financial obligations, both short-term and long-term.
Student Answer:
II and IV
I and II
I, II, and IV
I and III
Question 2. Question : Which of the following is/are true?
I. When a loan is amortized over a five year term, the amount
of interest paid is decreased each year.
II. The effective annual rate of interest will always be equal
to or less than the nominal annual rate of interest.
III. An annuity due is the annuity in which the payments or
receipts occur at the beginning of each period.
IV. If the present value of a given sum is equal to its future
value, then the discount rate must be zero.
Student Answer:
IV only
III & IV
II, III & IV
I, III & IV
Question 3. Question : If a firm’s current ratio is 3.0,
Student Answer:
it is possible for its quick ratio to be larger than 3.0.
its current liabilities exceed its current assets.
it is possible for its quick ratio to be smaller than 3.0.
its current liabilities equal its current assets.
Ch 3
Ch 5
Ch 3
Question 4. Question : Which of the following is/are true?
I. The shareholder wealth maximization goal states that
management should seek to maximize the present value of
the expected future returns to the owners of the firm.
II. The primary reason for the agency problem between the
stockholders and managers is because of the separation of
ownership and management.
III. Protective covenants in a company's bond indentures are
used in agency relationships involving stockholders and
creditors.
IV. The fact that no investor can expect to earn excess
returns based on an investment strategy using only historical
stock price or return information is an example of
semistrong-form market efficiency.
Student Answer:
I and IV
I, II and IV
I, II and III
All of the above
Question 5. Question : If you’re a financial manager of a MNC (U.S. based) and you
anticipate that your company will need to pay C$2 million 6
months later. If you would like to make use of either forward
or futures or options contracts to fix your exchange rate
today, what is your strategy?
Student Answer:
BUY forward/futures contracts for C$2 million or BUY
call options for C$2 million.
SELL forward/futures contracts for C$2 million or BUY
call options for C$2 million.
BUY forward/futures contracts for C$2 million or ...
Time Value of Money.doc
This document contains class notes that review fundamentals of valuation, including time value of money concepts like future value, present value, and rates of return. It provides examples of calculating single sums, future values, present values, and rates of return using formulas. It also discusses compounding periods and continuous compounding. The notes conclude with practice problems for calculating present and future values of single sums.
LESSON 11. Which of the following would result in a decrease i.docx
LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a use of cash.
B. Accounts receivable increased by $2,300 and represented a source of cash.
C. Accounts receivable decreased by $2,300 and represented a source of cash.
D. Accounts receivable increased by $2,300 and represented a use of cash.
7. If a firm has revenues of $15,090 and expenses of $8,850, what is the firm’s taxable income?
A. $15,090 C. $6,240
B. $8,850 D. $23,940
8. Which of the following statements about the issuance of an initial public offering (IPO) is correct?
A. IPOs may be either underpriced or overpriced.
B. IPOs are never overpriced.
C. IPOs are never underpriced.
D. IPOs are always correctly priced.
9. If a firm has revenues of $15,090, operating expenses of $8,850, and a tax expense of $2,120, what is the firm’s net income?
A. $8,850 C. $6,240
B. $4,120 D. $8,360
10. When you’re preparing a common-sized balance sheet, which of the following measures is set to equal 100 percent?
A. Total liabilities C. Total owners’ equity
B. Total assets D. Cash
11. Suppose that a corporation has a taxable income of $200,000. What is the firm’s corporate income tax for the current tax year? (You can use the following table to calculate the firm’s U.S. federal corporate tax.)
Taxable Income
More Than
Taxable Income
Less Than
Tax
Rate
$0 $50,000 15%
$50,001 $75,000 25%
$75,001 $100,000 34%
$100,001 $335,000 39%
$335,001 $10,000,000 34%
$10,000,001 $15,000,000 35%
$15,000,001 $183,333,334 38%
$18,333,334 35%
A. $78,000 C. $39,000
B. $6,250 D. $61,250
12. Using the same table and information provided in Question 11, what is the firm’s average tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
13. Using the same table and information provided in Question 11, what is the firm’s marginal tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
14. Dilution r ...
ACCT 3220Fall 2013Group Exercise #4Sapienti Co. sells $400.docx
ACCT 3220
Fall 2013
Group Exercise #4
Sapienti Co. sells $400,000 of 12% bonds on June 1, 2014, the contract date. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2018. The bonds yield 10%. After the second interest payment, Sapienti buys back the bonds when the market interest rate is 8%.
Required:
1. Record the journal entry for the issuance of the bond.
2. Record the journal entry for the first interest payment.
3. Record the journal entry on December 31, 2014.
4. Record the journal entry for the second interest payment.
5. Record the journal entry for the buy back of the bonds.
1
Question: If inflation is anticipated to be 5 percent during the next year, while the real rate of interest for a one-year loan is 5 percent, then what should the nominal rate of interest be for a risk-free one-year loan?
A
5 percent
B
10 percent
C
25 percent
D
None of the above
2
Question: Which one of the following statements is not true?
A
The value of a dollar invested at a positive interest rate grows over time
B
The further in the future you receive a dollar, the less it is worth today
C
A dollar in hand today is worth more than a dollar to be received in the future
D
The further in the future you receive a dollar, the more it is worth today
3
Question: Efficiency ratio: Jet, Inc., has net sales of $712,478 and accounts receivables of $167,435. What are the firm's accounts receivables turnover and days' sales outstanding?
A
0.24 times; 78.5 days
B
4.26 times; 85.7 days
C
5.2 times; 61.3 days
D
None of the above
4
Question: If you have loaned capital to a firm, then you could be
A
A shareholder
B
A stakeholder
C
A partner
D
All of the above
5
Question: Which one of the following is not an advantage of using ROE as a goal?
A
ROE is highly correlated with shareholder wealth maximization
B
ROE and the DuPont analysis allow management to break down the performance and identify areas of strengths and weaknesses
C
ROE does not consider risk
D
All of the above are advantages of using ROE as a goal
6
Question: The future value of multiple cash flows is
A
Greater than the sum of the cash flows
B
Equal to the sum of all the cash flows
C
Less than the sum of the cash flows
D
None of the above
7
Question: The major players in the direct financial markets are
A
Investment banks
B
Money center banks
C
Regional banks
D
Both A and B
8
Question: One of the main services offered by investment banks to companies is
A
Helping companies sell new debt or equity issues in the security markets
B
Making loans to companies
C
Taking deposits from companies
D
All of the above
9
Question: Shane Matthews has invested in an investment that will pay him $6,200, $6,450, $7,225, and $7,500 over the next four years. If his opportunity cost is 10 percent, what is the future value of the cash flows he will receive? (Round to the nearest dollar.)
A
$27,150
B
$29,900
C
$30,455
D
$3.
AC1220 ACCOUNTING ILab 4.2AC1220 Lab 4.2Intro.docx
AC1220 ACCOUNTING I Lab 4.2
AC1220 Lab 4.2
Introduction
Jake’s Computer Sales and Repair has an accounts receivable balance of $6,520 as of May 31, 20x1. Jake maintains an aging-of-accounts schedule listing a time outstanding (or “age”) of the invoice amounts that make up each customer’s receivable balance.
Requirement 1
a. Compute the estimated uncollectible amount for each customer in the aging schedule. Enter amounts in the appropriate cells, rounding to the nearest dollar.
b. Compute the total estimated allowance for the uncollectible account balance. Enter the amount in the appropriate cell.
Uncollectible Accounts Schedule at May 31, 20x1
Customer Name
Account Number
1-30 Days
31-60 Days
61-90 Days
Over 90 Days
Totals
Atterbury
1001
$850
$250
-
-
$1,100
Smith
1002
1,320
2,900
$480
-
$4,700
Walten
1003
-
-
50
40
$90
Total
$2,170
$3,150
$530
$40
$6,520
Estimated percent uncollectible
x 2%
x 5%
x 10%
x 90%
Estimated allowance for uncollectible accounts
Requirement 2
a. Make the necessary journal entry to establish an allowance for the uncollectible accounts account. Use the target allowance for the uncollectible accounts balance computed in Requirement 1.
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
b. Post the entry from Requirement 2a and account receivable balance to the following T-Accounts:
Uncollectible Account Expense
Allowance for Uncollectible Accounts
Accounts Receivable
c. Show the disclosure of net accounts receivable in the following partial balance sheet:
In the current assets section of the balance sheet:
Accounts Receivable, Net
Requirement 3
Jake is informed in writing that a customer, Walten, has filed for bankruptcy and will be unable to settle an account receivable of $90.
Make the journal entry necessary to write off this amount.
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
Requirement 4
Jake receives notice from Walten’s attorney that Jake’s Computer Sales and Repair will receive $0.50 on the dollar of the $90 account receivable previously written off. A check for that amount is included.
Journalize the partial reinstatement and recovery of Walten’s account receivable.
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
Requirement 5
Customer Smith’s account receivable balance of $480 is more than 60 days old. Jake and Smith agree to reclassify this amount as a note payable with a six-month maturity and a 15 percent annual interest rate.
Jake makes the following journal entry:
DATE
DETAILS
DEBIT
CREDIT
5/31/x1
Note Receivable
$480
Accounts Receivable
$480
To record 15% note receivable
Compute the interest and principle components of the payment that Smith will make on June 30, 20x1, on the note payable.
Hint: Principal x Interest Rate x Days/365 = Amount of Interest
Requirement 6
Requirement 6
Jake considers using the direct write-off method to account for uncollectible accounts. He would debit the uncollectible account expense a.
Present value or future value
The document discusses the time value of money and how to calculate present and future value of cash flows. It explains that $10,000 received today is worth more than the same amount received in the future due to interest earnings. It provides examples of calculating future and present value over different time periods using a 4.5% interest rate. The key idea is that a dollar today is worth more than a dollar tomorrow because of investment growth opportunities.
Chapter 05 Time Value Of Money
The document discusses time value of money concepts including future value, present value, annuities, effective annual rate, and compound interest. It provides examples of calculating future value, present value, and annuities using time value of money formulas. Spreadsheet functions for solving time value problems are also introduced.
ACCT 504 Midterm Exam (4 Sets, 2017)
This document contains a midterm exam for an accounting course with 4 sets of multiple choice and problem-solving questions. It covers topics like internal controls, journal entries, financial statements, accounting equations, inventory costing methods, and more. The exam is available for purchase on the listed website that contains accounting course materials.
Question 1The Official Document which Gives a States Authorizat.docx
Question 1
The Official Document which Gives a State's Authorization to Form a Corporation is (are) called:
A.
Charter
B.
Bylaws
C.
Permit
D.
Certificate to Operate
Question 2
The Fair Market Value of Land and/or Buildings Given as a Gift to Corporations by Communities as an Incentive to Locate in their Area is called _ _ _ by Accountants.
A.
Relocation Incentives
B.
Donated Capital
C.
A Freebie
D.
A Free Good
Question 3
Ed Rice has invested $40,000 in a privately held family corporation. If the Corporation Fails and Declares Bankruptcy, How much does Ed Rice stand to Lose?
A.
The $40,000 plus any personal assets the creditors demand.
B.
Up to his total investment of $40,000.
C.
Zero.
D.
Half of his investment, $20,000.
Question 4
Which of the following statements correctly describes the Transferability of Ownership Rights in a Corporation? A shareholder:
A.
Must obtain the permission of the board of directors before selling their shares.
B.
Must obtain the permission of 3 other stockholders before their selling shares.
C.
Must transfer all of their shares if they decide to transfer ownership.
D.
May dispose of part or all or their shares whenever they wish.
Question 5
Which of the following is NOT an Advantage of the Corporate Form of Ownership?
A.
It has the ability to raise large sums of capital by selling stocks and bonds.
B.
It is less subject to regulations than proprietorships or partnerships.
C.
Its stockholders have limited liability if the corporation fails.
D.
It has a continuous life which is independent of that of the managers.
Question 6
Dividends are Declared Out Of:
A.
Capital Stock.
B.
Retained Earnings.
C.
Paid in Capital in Excess of Par Value.
D.
Treasury Stock.
Question 7
Which of the following represents the Largest Number of Common Shares?
A.
Outstanding shares.
B.
Authorized shares.
C.
Issued shares.
D.
Treasury shares.
Question 8
1. Treasury Stock is a(n):
A.
Asset account.
B.
Contra Stockholder's Equity account.
C.
Contra Asset account.
D.
Retained Earnings account.
Question 9
Dividends in Arrears on Cumulative Preferred Stock:
A.
Never have to be paid.
B.
Enable preferred stockholders to share equally in corporate earnings with the common stockholders.
C.
Must be paid before common stockholders receive a dividend.
D.
Should be recorded as a current liability until they are paid.
Question 10
The Correct Sequence of Dividend Dates is:
A.
Announcement date Registration date Payout date.
B.
Record date Declaration date Payment date.
C.
Declaration date Record date Payment date.
D.
Record date Payment date Declaration date.
Question 11
The Effect of a Declaration of a Cash Dividend by the Board of Directors is to:
.........INCREASE .................DECREASE
A.
Stockholder's Equity …….… Assets
B.
Assets ……………………… Liabilities
C.
Liabilities ………………Stockholder’s Equity
D.
Liabilities …………………… Assets
Question 12
Stock Dividends and Stock Splits have the foll ...
The Time Value of Money
This is a free webinar hosted by the Personal Finance concentration area of the Military Families Learning Network on February 21, 2017.
The time value of money (e.g., present and future value of a lump sum or an annuity) is one of the most fundamental building blocks of financial goal-setting and decision-making. This 90-minute webinar will discuss basic time value of money concepts and the application of time value of money concepts to real-life financial planning decisions. The webinar will also model “hands-on” calculations that participants can use with others (e.g., clients and students) and describe online resources (e.g., videos, calculators, and curricula) that teach time value of money concepts. Participants should bring a financial calculator to complete a series of financial decision-making problems that will be presented during the webinar.
Participants will need to do manual calculations during this webinar. Please join the webinar with a calculator or have access to an online calculator. Additional webinar resources available at https://learn.extension.org/events/2878.
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3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
学校原件一模一样【微信：741003700 】《(SMU毕业证书)南卫理公会大学毕业证》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Labour Market Information Council | Conseil de l’information sur le marché du travail
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...Falcon Invoice Discounting
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strategies
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
The Impact of the 2024 Indian
Election Beyond Borders
01. Investment Gyan
02. Market Update
03. Inspiration investment story
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
学校原件一模一样【微信：741003700 】《(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Accounting Information Systems (AIS).pptx
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
1：1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
原版一模一样【微信：741003700 】【加拿大麦吉尔大学毕业证硕士学历证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Detailed power point presentation on compound interest and how it is calculated
Detailed information about compund interest
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
原版定制【微信:bwp0011】《(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
How will new technology fields affect economic trade?
Dr. Alyce Su Cover Story - China's Investment Leader
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
The Impact of Generative AI and 4th Industrial Revolution
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Reviewunits1 3ocsfmwithreleaseditemsformidtermreview-161023210454
- 1. Financial Management Units 1 - 3 1
- 3. 3 Answer #1 The correct answer is B. Financial Planning includes knowing where a person spends their money so that a detailed budget can be made.
- 5. 5 Answer #2 The correct answer is D. Needs are things that a person must have to live. Food is something a person must have.
- 7. 7 Answer #3 The correct answer is C. While an increase in the credit limit on a credit card might provide a person with the option to spend more money, this is still money that must be repaid, therefore it is not income.
- 9. 9 Answer #4 The correct answer is A. Fixed expenses are ones that do not change from month to month. Rent on an apartment is the same each month and therefore it is a Fixed expense.
- 10. 10 Question #5
- 11. 11 Answer #5 The correct answer is D. Variable expenses are ones that change each month. Compare the two tables to find the amounts that change from one month to the next.
- 12. 12 Question #6
- 13. 13 Answer #6 The correct answer is C. Income is money that comes to a person typically earned by working.
- 14. 14 Question #7
- 15. 15 Answer #7 The correct answer is C. Expenses are items that cost money. The only item in this list that costs money is C, getting haircuts at a salon.
- 16. 16 Question #8
- 17. 17 Answer #8 The correct answer is B. Credit Card purchases are not related to a person’s checking account.
- 18. 18 Question #9
- 19. 19 Answer #9 The correct answer is D. The Federal Reserve is not a commercial bank or lending institution. The Federal Reserve is the federal banking system that all commercial banks must join.
- 20. 20 Question #10
- 21. 21 Answer #10 The correct answer is A. The most recent statement from the bank shows the balance as of a certain date. Any transactions that have happened since that time must be added or subtracted to that balance. Checks are subtracted and deposits are added.
- 22. 22 Question #11
- 23. 23 Answer #11 The correct answer is B. Balancing a checkbook means that you are reconciling all the payments and deposits into and out of the checking account.
- 24. 24 Question #12
- 25. 25 Answer #12 The correct answer is C. Interest is ‘earned’ by the account each month. The interest is paid into the account by the bank.
- 26. 26 Question #13
- 27. 27 Answer #13 The correct answer is A. The W-2 form is sent to each employee as a record of their wages for the year. This income is what must be reported on a tax return.
- 28. 28 Question #14
- 29. 29 Answer #14 The correct answer is C. The Internal Revenue Service (IRS) offers free help and filing through their website, www.irs.gov
- 30. 30 Question #15 Which form would contain information necessary to complete a 1040 federal income tax return? A) W – 4 B) W – 2 C) NC – 4 D) 1099-MISC
- 31. 31 Answer #15 The correct answer is B. A 1040 form can be filed by anyone who has income from a job. This is reported on a W-2 form.
- 32. 32 Question #16
- 33. 33 Answer #16 The correct answer is A. A citizen that does not follow tax laws can have fines levied against them. They can be put in prison for non-payment of taxes, and they can have their wages withheld (garnished) by the government. They cannot, however, have their driver’s license taken away from them for that reason.
- 34. 34 Question #17
- 35. 35 Answer #17 The correct answer is B. Gross Pay is defined as the amount earned before any deductions are subtracted.
- 36. 36 Question #18
- 37. 37 Answer #18 The correct answer is D. Michael worked 40 regular hours and 7 hours and 20 minutes over overtime. He reports 7 hours and of overtime. 15 minutes is ¼ of an hour. So Michael has worked 47.25 hours. To calculate Michael’s Regular pay: 40 x $11.20 = $448.00; Michael’s Overtime pay: 7.25 x ($11.20 x 1.5) = 7.25 x $16.90 = $12.80; Michael’s gross pay: Regular Pay + Overtime Pay = $560.80
- 38. 38 Question #19
- 39. 39 Answer #19 The correct answer is C. Hours x Hourly Wage = Gross Earnings. This means that we need to divide $446.50 by 38 hours to find the hourly wage. $446.50 / 38 = $11.75
- 40. 40 Question #20
- 41. 41 Answer #20 The correct answer is B. Henry’s gross pay is $11 x 40 = $440.00. Multiply the gross pay by 10% to calculate the amount of the tax deduction. 10% = 0.10. $440.00 x 0.10 = $44.00; Subtract the tax deduction from the gross pay to calculate the next pay $440.00 = $44.00 = $396.00
- 42. 42 Question #21
- 43. 43 Answer #21 The correct answer is D. The Gross pay for one week of 35 hours at $8.78 x 35 = $307.30. The total gross pay for 48 weeks at this rate is 48 x $307.30 = $14,750.40
- 44. 44 Question #22
- 45. 45 Answer #22 The correct answer is D. Nurses are required in many places to wear a uniform. This is an example of a job- related expense.