Week 2 Applied Problems Essay

Exercises and Problems XACC/291 Principles of Accounting II Week 2 February 8, 2015 Exercise E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011 (determine cost of the plant acquisitions). 1. Paid $5,000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery…

Chapter 1 – Applied Problem 1 § Explicit costs are monetary costs of using market-supplied resources. Explicit Costs | | Cost of Products and Services | $355,000 | Selling Expenses | $155,000 | Administrative Expenses | $45,000 | Interest Expense | $45,000 | Legal Expenses | $28,000 | Income Taxes | $165,000 | Total Explicit Costs | $793,000 | § Implicit costs are non-monetary costs of using owner-supplied resources. Implicit Costs | | Forgone Salary | $175,000…

Lillian Hikmah Professor Kevin Cummines Intro to Music 21 November 2013 Applied Questions 2: 1. Discuss the use of music in Catholic and Protestant worship practice, from the development of polyphony, through the music of J.S. Bach. In so doing, discuss the shift in responsibility for musical development from the Catholic Church to the Lutheran Church. During the middle Ages, the Catholic Church was the sole contributor to musical development. The music of the early church was monophonic, and had…

Problem 1: Jonathon Barrs is a manager for Easy Manufacturing, LLC. He wishes to evaluate three possible investments. These investments are for the purchase of new machine tools from Germany, Japan, and a local US manufacturer. The firm earns 10% on its investments and they have a risk index of 5%. The chart below lays out the expected return and expected risks of the three projects. Investment Expected Return Expected Risk Return/risk ratio Current investments 10.00% 5.00% 2.00 German…

Assignment 2: Marketing Plan Name Institutional affiliation Date Target Market The Affordable Blended Smoothie, Inc. will be producing a healthy non-alcoholic product. As more families and the society continue struggle to maintain healthy lifestyles, the new beverage comes at the right time in remedying the situation. The new energy drink will be suitable to all classes of people regardless of their age, educational level, income, gender, or ethnic affiliation…

effectively being used to make adjustments as necessary. Project tend to go through changes as the project goes, and another feature is the project tracing, which allows the PM to revise the plan and see impact of changes, to make better decisions. 2. Imagine that you are interviewing for a job when the interviewer asks you which cost-benefit analysis technique is best for assessing a project’s economic feasibility. What would your response be? Respond to at least two of your classmates’ postings…

Chapter 4 2. Inflation Effects on Exchange Rates. Assume that the U.S. inflation rate becomes high relative to Canadian inflation. Other things being equal, how should this affect the (a) U.S. demand for Canadian dollars, (b) supply of Canadian dollars for sale, and (c) equilibrium value of the Canadian dollar? ANSWER: Demand for Canadian dollars should increase, supply of Canadian dollars for sale should decrease, and the Canadian dollar’s value should increase. 3. Interest Rate Effects on…

an emergency situation. The majority of phone calls to the police are in need of social service as opposed to those relating to crimes. There are several factors that shape what police do. Police officers are available 24 hours a day seven days a week. People call on the police when they find themselves in an emergency situation and there is not another agency available. Because of this availability, it sometimes gives officers a heavy workload. Police work is different and unique from other…

involves the philosophy of approaching a problem in a subjective manner. FALSE 2) Management scientists use the terms "data" and "information" interchangeably--that is, the two terms mean the same thing. TRUE 3) A variable is a value that is usually a coefficient of a parameter in an equation. TRUE 4) Parameters are known, constant values that are usually coefficients of variables in equations. TRUE 5) A model is a mathematical representation of a problem situation including variables, parameters…

McDonald’s Corp reduced the price of its Big Mac by 75 percent, if customers also purchased French fries and a drink, The Wall Street Journal reported that the company was hoping the novel promotion would revive its U S sales growth. It didn’t. Within two weeks sales had fallen. Using your knowledge of game theory, what do you think disrupted McDonald’s plans? “Game theory is the study of interactive decision making--that is, in situations where each person 's action affects the outcome for the whole group…