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ACT2241
Chapitre 2++: Exercices
Maciej Augustyniak
Université de Montréal
Maciej Augustyniak
(UdeM)
ACT2241
1 / 6
Question 1
Vous êtes un producteur de blé et vous craignez que le prix du blé va
baisser dans 6 mois. Discutez des avantages et des désavantages d’utiliser
un contrat à livrer ou une option pour gérer le risque du prix du blé dans 6
mois.
•
Prix du blé aujourd’hui: 1000
$
.
•
Taux sans risque effectif sur 6 mois: 2
%
.
•
Prix à terme pour une échéance de 6 mois: 1020$.
•
Prix d’une option de vente avec
K
=
1000
$
: 74.20$.
À quel prix du blé dans 6 mois, le profit sur la position dans le contrat à
terme est-il égal au profit sur la position dans l’option?
Maciej Augustyniak
(UdeM)
ACT2241
2 / 6
Question 2
Montrez qu’il est possible de répliquer le versement d’une position longue
(ou courte) dans un contrat à livrer de valeur nulle en prenant position
dans une option de vente et une option d’achat avec un certain prix
d’exercice.
Maciej Augustyniak
(UdeM)
ACT2241
3 / 6
Question 3
Soit un titre qui ne verse aucun dividende et se transige à 50$. Une option
d’achat européenne avec échéance de 6 mois et prix d’exercice de 50$ se
transige à 5$. L’option de vente correspondante coûte 4$. Le taux
d’intérêt sans risque est de 6%. Étant donné ces valeurs, est-ce qu’il y a
une opportunité d’arbitrage? Si oui, alors expliquez comment vous pouvez
exploiter cette opportunité. Si non, justifiez.
Maciej Augustyniak
(UdeM)
ACT2241
4 / 6
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الوقت المتبقي 1:29:36
35 J
XYZ company uses a job-order costing system. In reviewing its records at the end of the year, the
company has discovered that OMR 12,000 of raw materials has been drawn from the storeroom and
used in the production of Job PS5, journalized twice in the accounting records for the use of these
غير مجاب عليه بعد
:materials. Job PS5 has been completed and sold at year end. This error will cause
0.50 dajill
علم هذا السؤال
Finished Goods to be understated by OMR 12,000 at the end of the year
.a O
Cost of Goods Sold to be overstated by OMR 12,000 for the year .b O
Work in Process to be understated by OMR 12,000 at year end
.c O
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A Company uses a job order costing system and allocates its manufacturing overhead costs based on
direct labor costs. The Company's production costs for the year were: direct labor, $80,000; direct
:materials, $40,000; and factory overhead applied $20,000. The predetermined overhead rate was
4%
.a O
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50%
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Ali is currently working as a human resource manager for a company and earns a good salary. He is
planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer
from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his
t his calary At the same time if Ali completod bic NMR
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Capital and Revenue Expenditures
On August 5, GTS Co. paid $3,280 to repair the transmission on one of its delivery vans. In addition, GTS paid $57 to install a GPS system in its van.
Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank.
August 5
Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank.
August 5
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XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct
.materials, direct labor, and manufacturing overhead applied listed below are all for the current month
Work In
Cost of Goods Sold
Finished Goods
Process
61,880
OMR 8,450 OMR
3,440 OMR
Direct materials
119,000
OMR 16,250 OMR
6,160 OMR
Direct labor
Manufacturing
overhead applied
45,000
OMR 6,050 OMR
3,300 OMR
Manufacturing overhead for the month was underapplied by OMR 7,000
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of
goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts
The cost of goods…
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benefit of making that decision? Describe two opportunity costs as a result of
making your decision. Include at least one opportunity cost that was not directly
related to money!
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Impaired Goodwill and Amortization of Patent
On April 1, a patent with an estimated useful economic life of 12 years was acquired for $43,200. In addition, on December 31, it was estimated that
goodwill of $41,000 was impaired.
a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank.
April 1
b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount box
does not require an entry, leave it blank.
Dec. 31
C. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank.
Dec. 31
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An allocation base:
O a can be units of output if the company has a single product
O b. All the given answers are NOT correct.
Oc is determined at the end of the period.
O d. isameasure used to assign conversion costs to products and services
O e isameasure used to assign prime costs to products and services
ר
A Company uses job order costing and has chosen direct labor hours to allocate its manufacturing overhead. The company estimates
that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is $15 per hour and the
estimated fixed overhead costs are $750,000. The predetermined overhead rate is:
O a $6
O b. None of the answers given
Oc $45
Od. $3
Oe $18
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The following details relates to the operations of a company for budgeted output of 10000units; selling price- GHC100, total
variable cost- GH¢200000, and total fixed cost- GHC400000. At what quantity and value will the company breakeven?
O A. 5000units and GHC50000
O B. 5000units and GHC55000
OC. 4500units and GHC45000
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Question 50 vd mwob 250g abnod to oulay jud asiduob loota to oulev od viqinda
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الوقت المتيقي 56:/1:4
OMR 252,000 bO
OMR 258,000 cO
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:XYZ Company had the following information for the year
110,000 OMR
Direct materials used
150.000 OMR
Direct labor incurred (4,000 hours)
166,000 OMR
Actual manufacturing overhead incurred
The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventory balance is
Pan ending Work in Process Inventory balance of OMR 17,000. What was cost of goods manufactured
OMR 393,000
.a O
OMR 363,000.b O
OMR 383,000
.c O
None of the given answer is correct d O
OMR 418,000 .e O
الصفحة التالية
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Unit 1 Quiz
What do we call the study of the ways in which money is created and used in society?
O A
global trade
O B. bartering
OC. monopolies
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economics
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This module is not for sale and is exclusive for LNU BSEN Students only
18
Exercise 2,2:
Show the effect of each of the named transactions on the assets, liabilities, and owner's
equity of a business. Fill in each blank under a column and mark with + (Increase), -
(decrease), or 0 (no change).
OWNER'S
EQUITY
ASSETS
LIABILITIES
1. Owner invested cash in the business.
2. Purchased equipment on Credit.
3. Borrowed money from the bank
4. Rendered service in cash.
5. Paid creditor (Transaction 2).
6. Paid monthly rent.
7. Rendered service to customer who will pay
at later date
Exercise 2.3:
Harry Potter Feedmill is owned by Harry Potter. Its assets, liabilities and owner's equity are
as follows: Cash, Accounts receivable, equipment, Land, Accounts Payable, and Harry Potter
Capital. Prepare a tabular form and indicate the effect of the following transactions to the
items on the equation by placing + (increase) or - (decrease) below the affected item.
1. Owner invested cash in the feedmill.…
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الوقت المتيقي 1:45:13
Oman Marble Company has two processing departments. Cutting and Polishing. The company uses a multiple predetermined
overhead rate in each processing department under job-order costing system. The Cutting Department's predetermined overhead
rate is based on machine-hours and the Polishing Department's predetermined overhead rate is based on direct labor cost. At the
:beginning of the current period, the company records show the following estimated information
Polishing
Cutting
40
20
$4
Direct Labor cost
hour
10,000
5,000
Direct labor-hours
5,000
20,000
Machine-hours
40,000
$100,000
$4
Total fixed manufacturing overhead cost
4
Variable manufacturing overhead per machine-hour
6
Variable manufacturing overhead per direct labor-hour
During the current period the company started…
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Q12
You are required to compute the sum of Net social income to staff, community and general public as a whole, if:
Net social income to General public is OMR 900
Net social income to staff is OMR 600 and
Net social income to community is OMR 400.
a.
None of them is correct
b.
OMR 1,000
c.
OMR 1,900
d.
OMR 1,500
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1200 per unit question 35
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O Managerial Accounting, Fifteenth x
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EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2]
Clonex Labs, Inc., uses a process costing system. The following data are available for one depart-
ment for October:
Percent Completed
Units
Materials
Conversion
Work in process, October 1
30,000
65%
30%
Work in process, October 31
15,000
80%
40%
The department started 175,000 units into production during the month and transferred
190,000 completed units to the next department.
Required:
Compute the equivalent units of production for October assuming that the company uses the
weighted-average method of accounting for units and costs.
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nit Activity: Mathematical Models and Consumer Finance
Task 7
Financing Transportation
Respond to each question below in two to three complete sentences. Each question is worth four points.
Space used (includes formatting): 0/15000
Part A
Lydia makes a down payment of $1,600 on a $11,000 car loan. How much of the purchase price will the interest be calculated
on? Explain how you arrived at the final answer.
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0271 20161 122oint and wong liw vitorioss of 10 2016
621 570111507780002
Question 50 vd mwob 250g abnod to oulay jud asiduob loota to oulsy od viqinda
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You are given the following information for two assets Uno and Dos:
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Expected rate of return Variance of return srüster2 (1)
0.0595
0.0384
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26
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Determining Cost of Land
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $43,000 in cash and giving a short-term note for $287,000. Legal fees paid were
$2,065, delinquent taxes assumed were $14,300, and fees paid to remove an old building from the land were $18,800. Materials salvaged from the demolition of the building
were sold for $5,000. A contractor was paid $1,003,200 to construct a new warehouse.
Determine the cost of the land to be reported on the balance sheet.
Applicant Infor X +
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Sheffield Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become
uncollectible. Accounts receivable are $430,800 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,864.
(a) Prepare the adjusting journal entry to record bad debt expense for the year.
(b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,864, prepare the adjusting journal entry for
bad debt expense.
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A SUPPLEMENTARY ASSESSMENT X +
9 x E-leaming Portal Namibia Unive X
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s/ BAC1200 / General / SUPPLEMENTARY ASSESSMENT (SECOND OPPORTUNITY)
Bailey is a Namibian fisherman who works in a newly established organisation called Shimano
Manufacturers. This organisation was founded by Mr Sage in late 2012. It specialises in the catching
and processing of fresh salmon to manufacture fish cakes for the retail industry across the country.
Bailey earns a basic wage rate of N$60 per hour. Shimano manufacturers operate eight hours a day,
five days a week, fifty-two weeks per annum. Employees also work one Saturday every month for five
hours which is considered a normal overtime remunerated at 1.5 times the normal rate. The
organisation's policy is to award employees a birthday bonus of N$10 000. Employees are entitled to
twelve days annual leave and there are seventeen public holidays a year. Both the…
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Content
Question 7 of 8
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The following are a series of unrelated situations.
Net sales
Answer the questions relating to each of the five independent situations as requested.
1. Skysong Company's unadjusted trial balance at December 31, 2025, included the following accounts.
Accounts receivable
Allowance for doubtful accounts
Debit
Bad debt expense for 2025 $
$54,800
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Skysong Company estimates its bad debt expense to be 7% of gross accounts receivable. Determine its bad debt expense for 2025.
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M Question 6- QUIZ- CH 18-C X
Project 6
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Exercises 18-41 (Algo) Allocation of Central Costs; Profit Centers [LO 18-3]
Woodland Hotels Incorporated operates four resorts in the heavily wooded areas of northern California. The resorts are named after
the predominant trees at the resort: Pine Valley, Oak Glen, Mimosa, and Birch Glen. Woodland allocates its central office costs to each
of the four resorts according to the annual revenue the resort generates. For the current year, the central office costs (000s omitted)
were as follows:
Front office personnel (desk, clerks, etc.)
Administrative and executive salaries
Interest on resort purchase
Advertising
Housekeeping
Depreciation on reservations computer
Room maintenance
Carpet-cleaning contract
Contract to repaint rooms
$ 12,100
5,700
4,700
600
3,700
80
1,210
50
570
$ 28,710
Revenue (000s)
Square…
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Assignment (001 22F)
Question 5 of 7
(a1)
$2,120
49,100
21,300
34.490
Notes payable (long-term)
62,200
Cash
Accounts receivable
Accumulated depreciation-equipment
4,030 D. Pharoah, drawings
Depreciation expense
8,800 D. Pharoah, capital (beginning of the year)
NWP Assessment Builder
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$1,720
13,000
9,700
6,050
2,980
3,950
Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding
parentheses e.g. (45).)
49,600
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Assignment
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Mode: CH-09 Assignment 0
Brief Exercise 9-11 [LO 9-1
Doughton Bearings produces ball bearings for industrial equipment. In evaluating the financial data from the previous year, the
management accountant has determined that the company's selling price per unit is $35, while the variable cost per unit is $30. What
is the contribution margin per unit?
Book
Contribution margin per unit
per beaning
Terences
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MODULE-7-Learning-Activities.pdf - Read-only
Interest Receivable
24. Interest Income
25. Accrued Salaries Expense
23.
1
Matn Campu Alcate, Victoria
Bongabong Campus, Labanan, Bongabong
Calapan Caty Campus Maripet, Calapan City
PRACTICAL EXERCISE 2
Instruction: From the following partial worksheet of Atty. Villanueva for six-month period ended December 31,
2019, prepare the financial statement in good form.
Trial Balance
Debit
Credit
Income Statement
Debit
Credit
Balance Sheet
Debit
Credit
Cash on Hand
Cash in Bank
Accounts Receivable
40,000
50,000
30,000
10,000
20,000
15,000
40,000
50,000
30,000
10,000
20,000
15,000
Note Receivable
Prepaid Insurance
Flepalo
Office Furniture
Accounts Payable
Notes Payable
M. Capital
M. Drawing
20,000
10,000
77,000
20,000
10,000
77,000
5,000
5,000
150,000
Service Income
Salaries Expense
Supplies Expense
Taxes and Licenses
Rent Expense
Interest Expense
Bad Debts
Allowance for Bad Debts
Depreciation Expense
Accumulated Depreciation…
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