User Homework Solutions

SPSS ASSIGNMENT 2 NOTE: Most of the data sets we will be using are in Appendix C of your text (p. 366). From now on, I will refer to each data set using the name given and listed in Appendix C (e.g., Chapter 3 Data Set 1).Then, follow these guidelines.Creating Graphs and MoreReview and follow the steps in pages 67-73 of your text and you may want to keep SPSS Statistics 20 Brief Guide handy just in case.1. Use the data set called Chapter 4 Dat

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Business Assignment- 20 MCQS Exam 1. Over your lifetime, the financial planning process needs toconsider the normal changes in income patterns. IncomenormallyA. increases constantly over time.B. increases peaks, and then declines.C. peaks early, but then increases again.D. declines constantly over time.2. In your financial plan you also must consider debts. This part ofyour overall financial plan is calledA. asset acquisition planning.B. savings

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ACCT 221 MCQS ACCT 221 A manufacturing process requires small amounts of glue. The glue used in the production process is classified as a(n) period cost. miscellaneous expense. direct material. indirect material. . Because of automation, which component of product cost is declining? Direct labor Direct materials Manufacturing overhead Advertising The management function that requires managers to look ahead and establish object

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Business Assignment- Stockholders Equity Exercise 1Intel Inc. is the pioneer in the manufacture of microprocessor for computers. The company’s fiscal year runs from April 1 to March 31. On 4/1/2013, Intel Issued $5,000,000 of 11% Bonds due in 10 years. The interest is payable annually on April 1. The market rate of interest on that date for bonds of similar risk is 10%Prepare the journal entry for the issuance of the bonds and on the first

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Assume That a Company Buys Assume that a company buys land with a building on it for $1,500,000. At the time of purchase the company planned to tear the old building down and build a new building. The cost to tear down and dispose of the old building was $150,000 and they sold some material for $25,000. The cost to build the new building was $5,500,000 and the cost to grade the lot and landscape was $600,000. It is expected the life of the build

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Annual Rental payment On January 1, 2012, Palmer Company leased equipment to Woods Corporation. The following information pertains to this lease. 1. The term of the noncancelable lease is 6 years, with no renewal option. The equipment reverts to the lessor at the termination of the lease. 2. Equal rental payments are due on January 1 of each year, beginning in 2012. 3. The fair value of the equipment on January 1, 2012, is $229,600, and its

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Variable and absorption costing Variable and absorption costing, sales, and operating-income changes. Helmetsmart, a threeyear-old company, has been producing and selling a single type of bicycle helmet. Helmetsmart uses standardcosting. After reviewing the income statements for the first three years, Stuart Weil, president ofHelmetsmart, commented, “I was told by our accountants—and in fact, I have memorized—that our breakeven

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Workpapers and financial statements Question Workpapers and financial statements in year of acquisition Peterson Corporation acquired 70 percent of the outstanding voting stock of Smith Corporation for $91,000 cash on January 1, 2011, when Smith’s stockholders’ equity was $130,000. All the assets and liabilities of Smith werestated at fair values (equal to book values) when Peterson acquired its 70 percent interest. Financial state

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Business Assignment- memo to management XYZ Corporation is experiencing an average collection period of 120 days. The industry average is about 75 days. The firm has also experienced an increase in its business in the last 2 years and has been buying more inventory. The management wants to increase the amount of permanent inventory stock, and projects an increase in the accounts receivable balance.The firm is considering two financing options: a

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The United States Congress The United States Congress passed the Sarbanes-Oxley Act of 2002 after several major U.S. corporations were exposed for unethical accounting and reporting practices. During this time period, investor confidence weakened, leading many corporations to undertake initiatives to reexamine their accounting practices.After reading “The Unexpected Benefits of Sarbanes-Oxley” and “Statement of Financial Accoun

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