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MIS 505 PART 1 Chapter 1: An Overview of Computers and Programming Chapter 1: An Overview of Computers and Programming TRUE/FALSE 1. Every programming language has rules governing its word usage and punctuation. 2. Professional computer programmers write programs to satisfy their own needs. 3. The heart of the programming process lies in planning the program’s logic. 4. Once a program is completed, it is ready ...

Other / Other 26 Oct 2016

ACCOUNTING 2101 PART 2 TRUE-FALSE STATEMENTS : 1. Capital budgeting decisions usually involve large investments and often have a significant impact on a company's future profitability. 2. The capital budgeting committee ultimately approves the capital expenditure budget for the year. 3. For purposes of capital budgeting, estimated cash inflows and outflows are preferred for inputs into the capital budgeting decision tools. 4. T ...

Other / Other 26 Oct 2016

ACCOUNTING 2101 PART 9 MATCHING 122. Match the items below by entering the appropriate code letter in the space provided. A. Profitability index E. Annual rate of return method B. Internal rate of return method F. Cash payback technique C. Discounted cash flow techniques G. Cost of capital D. Capital budgeting H. Net present value method ____ 1. A capital budgeting technique that identifies the time period required to recover ...

Other / Other 26 Oct 2016

ACCOUNTING 2101 PART 6 F USING THE PROFITABILITY INDEX, RANK THE PROJECTS, STARTING WITH THE MOST ATTRACTIVEBRIEF EXERCISES Ex. 94 Diamond Co. is considering investing in new equipment that will cost $900,000 with a 10-year useful life. The new equipment is expected to produce annual net income of $30,000 over its useful life. Depreciation expense, using the straight-line rate, is $90,000 per year. Instructions Compute the payb ...

Other / Other 26 Oct 2016

ACCT 105 CHAPTER 2 THE RECORDING PROCESS 156-180 PART 10 BRIEF EXERCISES BE 156 At June 1, 2015, Coquehcot Industries had an accounts receivable balance of $12,000. During the month, the company performed credit services of $30,000 and collected accounts receivable of $22,000. What is the balance in accounts receivable at June 30, 2015? BE 157 TNT has the following transactions during April of the current year. Indicate (a) the ...

Other / Other 24 Oct 2016

ACCT 105 CHAPTER 2 THE RECORDING PROCESS CE-1 TO CE-3 PART 14 CHALLENGE EXERCISES CE 1 Presented below is information related to Pickett Real Estate Agency. Oct. 1 Jeff Pickett begins business as a real estate agent with a cash investment of $30,000 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office equipment for $3,500, by paying $500 cash with the balance on account. 6 Sells a house ...

Other / Other 24 Oct 2016

ACCT 105 CHAPTER 2 THE RECORDING PROCESS 181-200 PART 11 Ex. 181 Sigur Ros Company is a newly organized business. The list of accounts to be opened in the general ledger is as follows: Accounts Payable Prepaid Insurance Accounts Receivable Prepaid Rent Accumulated Depreciation Rent Expense Cash Salaries and Wages Expense Common Stock Salaries and Wages Payable Depreciation Expense Service Revenue Dividends Supplies Equipment ...

Other / Other 24 Oct 2016

ACCT 105 CHAPTER 2 THE RECORDING PROCESS PART 12 MATCHING 201. Match the items below by entering the appropriate code letter in the space provided. A. Account F. Journal B. Normal account balance G. Posting C. Debit H. Chart of accounts D. Revenue account I. Trial balance E. Compound entry J. Simple entry 1. An entry that involves three or more accounts. 2. Transferring journal entries to ledger accounts. 3. The s ...

Other / Other 24 Oct 2016

ACCT 105 CHAPTER 2 THE RECORDING PROCESS 141-155 PART 9 141. Which of the following is the correct sequence of steps in the recording process? a. Posting, journalizing, analyzing b. Journalizing, analyzing, posting c. Analyzing, posting, journalizing d. Analyzing, journalizing, posting 142. Which of the following is false about a journal? a. It discloses in one place the complete effects of a transaction. b. It provides a chronol ...

Other / Other 24 Oct 2016

ACCT 105 CHAPTER 2 THE RECORDING PROCESS 202-213 PART 13 SHORT-ANSWER ESSAY QUESTIONS S-A E 202 An account is an important accounting record where financial information is stored until needed. Briefly explain (1) the nature of an account, (2) the different types of accounts, and (3) the manner in which an account is increased and decreased and its normal balance. S-A E 203 Your roommate, a marketing major, thinks that debit means ...

Other / Other 24 Oct 2016