Final Study Guide

1. Some people accuse sociologists of observing conditions that are obvious. How does looking at sociology as “making the familiar strange” help counter this claim? How does sociology differ from simple commonsense reasoning?

13. Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Eddy Auto Supplies Balance Sheet December 31, 2014 Cash $84,000 Accounts payable $110,000 Accounts receivable $80,000 Salaries and wages payable $20,000 Inventory $140,000 Mortgage payable $180,000 Prepaid insurance $60,000 Total liabilities $310,000 Stock investments $170,000 Land $190,000 Buildings $226,000 Common stock $240,000 Less: Accumulated Retained earnings $500,000 depreciation ($40,000) $186,000 Total

3. Microbiologists employee a number of approached to acquiring a pure culture from a from sample containing a number of different types of bacteria. Briefly describe three different procedures commonly used to secure pure cultures from a mixed culture. The use of simple labeled diagrams may be quite helpful.

| Textbook pages 11-12. Assets = $12,000 + $50,000 = $62,000. Cash and inventory are examples.

2. New bank credit facility, 600 million cash on hand to take advantage of opportunities that may arise

In response to you requested investigation regarding the property, equipment and intangible asset accounts, we have completed adjustments to the necessary accounts. During the year new office equipment was purchased at a cost of $2,697.50. We will calculate the difference between the accumulated Depreciation of office equipment balance and the office equipment account. We will then include the new office equipment to the balance, and then multiply the new balance by 20 percent using the declining-balance basis:

After that monthly equipment production could be increased to 3,500 units and the price of equipment were cut from $1,580 to $1,400 per unit, the net income will reduce from $930,000 to $455,000 even monthly sales increasing to $4,900,000. But, the variable costs and fixed costs also dramatically increase to $2,625,000 and $1,820,000. Therefore, I wouldn’t suggest that this action be taken. As follow:

33) Each year for eight years, an investment will generate incremental sales of $8,000 and cash operating expenses of $2,500. The applicable tax rate is 30% and depreciation is $2,000. What is the net cash flows for each of the eight years?

5. What command would tell the system at which runlevels to start analyzed? Pg 430

82. Oxidation occurs when there is a removal of electrons and/or hydrogen atoms from a

Reduce investment in net fixed assets. Horniman already seems to be operating efficiently. NFA turnover has increased strongly over the past year; in fact, there is valid concern that capital expenditures are going to need to increase going forward.

4.) What would the capital allocation plan look like if an additional $100,000 is made available?

Require officers who have borrowed money from the company to repay the amounts owed at December 31. This would convert into cash the “notes receivable from officers,” which now appear in the balance sheet as noncurrent assets. The loans could be renewed immediately after year-end.

* Increase the value of the firm through the benefit of tax shield from current $960million to $1.063billion.

Answer: Not just the Total Asset Increase has to be financed. There is a possibility to invest/use the achieved profit to increase a total asset of the company.