Posted: April 15th, 2016

The costs of the use of a resource for the production of one good rather than another are 1. Economic costs??

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25
Sep
Journal entries
Categories: Business
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Journal entries for P8.24 Transactional analysis

a. Sold 5,200 shares of $10 par value preferred stock at $12.50 per share.
b. Declared the annual cash dividend of $3.20 per share on common stock. There were 18,400 shares of common stock issued and outstanding throughout the year.
c. Issued 6,400 shares of $10 par value preferred stock in exchange for a building when the market price of preferred stock was $14 per share.
d. Purchased 300 shares of preferred stock for the treasury at a price of $16 per share.
e. Sold 140 shares of the preferred stock held in treasury (see d) for $17 per share.
f. Declared and issued a 15% stock dividend on the $1 par value common stock when the market price per share was $45.
25
Sep
Explain to me the accounting research
Categories: Business
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Explain to me the accounting research methodologies of deductive, inductive and pragmatic research methods. Give me some examples to reinforce these methods.
25
Sep
Proposed savings to be realized
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Cost of new equipment = $2825
Proposed savings to be realized with purchase = $500 annually for 10 yrs
Hurdle Rate = 8%

Calculate NPV. Should this project be accepted or rejected?
25
Sep
A coworker comes to you with the following problem
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A coworker comes to you with the following problem:

“I provided my boss a projection of factory overhead using the high-low method. He was unhappy with the results and told me to do more work and not return until I had a lower cost estimate. My initial analysis was based on data points for the last 24 months. By dropping the three highest data points, I was able to get a lower cost.”

Was what your coworker did unethical? Explain.
24
Sep
The following is not a purpose of the Sarbanes-Oxley Act
Categories: Business
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A. Which of the following is not a purpose of the Sarbanes-Oxley Act?
1. Regulate the auditors of public companies
2. Ensure the adherence of relevant laws and regulations
3. Enhance corporate reporting and disclosure
4. Clarify sound corporate governance
I would said that the answer here is 3 – corporate reporting and disclosure

B. In most jurisdictions, a corporation’s principal officers are
1. Appointed by the board of directors
2. Appointed by the chief executive officer
3. Appointed by the company stakeholders
4. Elected by the company shareholders
I would said that the answer is 2 – chief executive officers

C.A database has three record types: 1) for supplier, a type that contains a unique supplier number, a supplier name, and a supplier address; 2) for parts, a type that contains a unique part number, a part name, a description, and a location; and 3) for purchases, a type that contains a unique supplier number referencing the supplier number in the supplier record, a part number referencing the part number in the part record, and a quantity. This database has a
1. Relational structure.
2. Network structure.
3. Hierarchical structure.
4. Single flat file structure.
The answer is 4 – hierarchical structure

D. Hardware controls usually are those built into the equipment by the manufacturer. One such control, an echo check, is best described as
1. A component that signals the control unit that an operation has been performed.
2. Two units that provide read-after-write and dual-read capabilities.
3. Double wiring of the CPU and peripheral equipment to prevent malfunctioning.
4. A device that prevents more than one peripheral unit from communicating with the CPU at the same time.
I would said the answer is 1

E. One of the measures economists and economic policy makers use to gauge a nation ‘ s economic growth is to calculate the change in the
1. Real per capita output.
2. Total wages.
3. General price level.
4. Money supply.
The answer is 1

F. The costs of the use of a resource for the production of one good rather than another are
1. Economic costs
2. Fixed costs
3. Historical costs
4. Opportunity costs
I would said the answer is D

G. Carlton Bank has an increase in reserves of $1,000,000. If the reserve ratio is 10%, by what amount may Carlton increase its demand deposits?
1.. $ 100,000
2. $ 900,000
3. $ 1,000,000