Cost Accounting Midterm - 2751 Words

ADM 3346A COST ACCOUNTING Solution Fall 2010 Midterm Examination STUDENT NAME: _________________________________________________ STUDENT NUMBER: ________________________________________________ 90 minutes INSTRUCTIONS 1. 2. 3. 4. Books and notes are not permitted, except language dictionaries. Non programmable calculators are permitted. Put all answers in the question booklet Questions concerning possible errors in the exam only will be answered. Questions Max Points Question 1 /10 Question 2 /6 Question 3 /4 Question 4 /6 Question 5 /6 Question 6 /8 Question 7 /10 Question 8 /6 Question 9 /4 Question 10 /6 Total /66 Statement of Academic†¦show more content†¦Midterm ADM 3346A Fall 2010 Page 2 of 10 Q.2. (6) . Sell Block prepares three types of simple tax returns: individual, partnerships, and (small) corporations. The tax returns have the following characteristics: Price charged per tax return Variable cost per tax return (including wage paid to tax preparer) Expected tax returns prepared per year Individuals $200 Partnerships $1,000 Corporations $2,000 $120 60,000 $700 4,000 $1,500 16,000 The total fixed costs per year for the company are $4,025,000. Required a. b. c. What is the break even point in total tax returns given the expected mix above? Suppose the product sales mix changes soShow MoreRelatedMidterm Exam Accounting 206 2775 Words   |  4 PagesMANAGEMENT AND ACCOUNTANCY Accounting 206: Cost Accounting and Cost Management, Part II Midterm Examination Kelvin J. Culajara, BSA, CPA Name: _____________________________________ Date: _______________ Score: __________ Test 1: Comprehensive Problem/Reporting Assume that you are the newly-hired chief cost accountant of Wapayutana Company. As the chief officer, you are tasked to monitor the flow of costs throughout the process, and hence, you are accountable for the cost of production reportRead MoreMGMT 20100 Practice Midterm Exam I1827 Words   |  8 PagesLAST NAME: _________________________ FIRST NAME___________________________ PUID________________________________Section________ Purdue University Krannert School of Management MGMT 201 – Managerial Accounting I Spring 2015 Practice Midterm Exam This practice exam consists of 30 multiple choice questions on 11 pages (including this cover page). Answer all questions. No partial credit is available for multiple choice questions. Be sure to put your answers to the multiple choice questions on your ScantronRead MoreAccounting7049 Words   |  29 PagesAcct 340-Midterm Review Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following is NOT a process associated with an accounting information system? |a. |auditing existing data | |b. |collecting and recording data | |c. |providing informationRead MoreACCT 301 Midterm Exam Essay786 Words   |  4 Pagesï » ¿ACCT 301 Midterm Exam CLICK HERE ACCT 301 Midterm Exam 1 1. (TCO 1)  Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12) 2. (TCO 2)  Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?  (Points : 12) 3. (TCO 3)  Rationalization is one of the components of the fraud triangle. What types of rationalization could a personRead MoreCBU Syllabus 2015 MBAC 51031353 Words   |  6 Pagesï » ¿ Introduction to Accounting: MBAC 5103 Instructor Information Professor: Derrick Hayes Winter 2015 Office: SB217 Tues Thurs: 1:00 – 2:15 pm Email: derrick_hayes@cbu.ca Phone: 563-1312 Course Website (URL): Textbooks and Readings Required Text: Hayes, Derrick, Introduction to Accounting, Primus, McGraw Hill Prerequisites: NONE CourseRead MoreProduct Life Cycle of Parle G767 Words   |  4 Pagessurplus through Integration | 10. | Testing of Hypothesis-t-test, z-test, chi-square test | 11. | ANOVA- One Way amp; Two Way | 12. | Use of SPSS Package amp; Excel Sheet for statistics. | The 12 session will complete the conduct of classes, midterm test, case study presentation and submission of projects, all internal evaluation etc. ITM-EXECUTIVE EDUCATION CENTRE Course Title: Macro Economics Credits: 1 Contact Hours: 24 hours Course Objectives: The course is designed to familiarizeRead MoreAcc 557 Midterm Exam Part 2, Essay1242 Words   |  5 PagesKasdan Company has cash sales of $6,000 from merchandise having a cost of $3,600. The entries to record the days cash sales will include: †¢ a $3,600 credit to Cost of Goods Sold. †¢ a $6,000 credit to Cash. †¢ a $3,600 credit to Inventory. †¢ d a $6,000 debit to Accounts Receivable. Question 3 Glenn Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Glenn Company pays within the discount period? †¢Read MoreExam 1 Quest and Answers1704 Words   |  7 PagesAcccounting 248:51 Spring 2014 Midterm Exam April 7, 2014 Instructor: Dan Cunningham Email: dan@dancunningham.org Phone/Text: 518.431.9796 Instructions: Please record your answers on the answer page provided. Your answers must be submitted on or before 11:59PM on April 12. Please upload your answer sheet to the appropriate file on ANGEL. 1. The City of Newport issued $1,500,000 of general obligation refunding bonds at a 2% premium. Bond issuance costs of $15,000 were incurred. The proceedsRead MoreIntermediate Managerial Accounting848 Words   |  4 PagesBUS 322.D1 – FALL 2012 INTERMEDIATE MANAGERIAL ACCOUNTING Tuesday, 11:30-14:20 (BLU 10021) Instructor Office Phone Email : : : : Tota Panggabean, BSc., MSF., MSEc. WMC 3353 (778)782.3563 tpanggab@sfu.ca Office hours : M 10.00-12.00 W 10.00-14.30 Or by appointment Toan Le WMC 3381 M: 14.00-15.30 Marker : Prerequisites Textbooks (Required) : : BUS 254; 60 credit hours. Cost Management and Control (2008): Custom Publication for Simon Fraser University, McGraw-Hill Ryerson Ltd. ISBN:Read MoreHsm-340 Health Services Finance Midterm Exam Answers6611 Words   |  27 PagesHSM-340 Health Services Finance Midterm Exam Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/hsm-340-health-services-finance-midterm-exam-answers/ HSM-340 Health Services Finance Midterm Exam Answers Question 1.1. (TCO 4) Which of the following is part of a statistics budget? (Points : 5) Output expectations Responsibility for estimation Estimation methodology All of the above Question 2.2. (TCO 4) Which budgetary issue causes the most strife in all

The Cask Of Amontillado And Porphyrias Lover - 1792 Words

Betrayal, a small word, with a big price. A price that one person always has to pay, while the other person stands there as if he was a salesman, hounding that individual until he got what he wanted. The idea of betrayal and it’s consequences are shown in the short story, â€Å"The Cask of Amontillado,† by Edgar Allan Poe, and the poem, â€Å"Porphyria’s Lover,† by Robert Browning. In, The Cask of Amontillado, Fortunato was the buyer, and Montresor was the salesman. Montresor reeled in Fortunato, using Amontillado, a certain type of wine, as the bait. Montresor brought Fortunato deep inside the lifeless walls of the catacombs, where he was supposed to find the Amontillado. Little did he know that he was staring death right in the face. With†¦show more content†¦The short story, The Cask of Amontillado, the author presents two characters that have an unannounced feud, Montresor, and Fortunato. Montresor has such hate and discrepancy towards Fortu nato, that, â€Å"at length, (he) would be avenged,† (Poe 372). Montresor, claiming to be Fortunato’s friend, had planned out the perfect trap for Fortunato’s awaited death. Fortunato was lead deep inside the dark catacombs, where Montresor chained up his scared and shaky figure. Montresor started to build the wall back up to hide Fortunato, when he started talking to him. Fortunato was laughing, almost as if he was trying to convince himself that it was only a joke, that he was just being messed with. After Montresor and Fortunato exchanged a few more words, Montresor called his name one last time, and â€Å"there came forth in return only a jingling of bells,† (Poe 379). The bells in this represent almost a childish demeanor, to show that Fortunato was clueless and vulnerable, as if he was a child. Montresor saw this as an opportunity took advantage of it, betraying him andShow MoreRelatedAnalysis Of Edgar Allan Poe And The Cask Of Amontillado1358 Wor ds   |  6 Pagesthink is good, is actually the type of person in which you had thought them out to be? And how can you tell this, before someone gets hurt? In The Cask of Amontillado by Edgar Allan Poe, Fortunato starts to view the speaker as a friend, and then he was tricked and killed, just so that the speaker could get his revenge on him. Likewise, in Porphyria’s Lover by Robert Browning, the girl was killed by the guy that she loved, because he wanted her to stay loving him forever, and he wanted the moment to

The Divine Comedy by Dante Alighieri Essays - 983 Words

The Divine Comedy by Dante Alighieri Dante Alighieris The Divine Comedy, Purgatory Dantes The Divine Comedy section of Purgatory is a depiction of Dante and his struggle to reach paradise. He is a character as well as a narrator. The purgatory section deals with the seven deadly sins and Dantes task of cleansing himself on his journey to heaven. He confronts many different people on his journey to self-righteousness, which help and guide him to his destiny. Accompanied by Virgil or reason as he is depicted, his quest is a hard journey with many answers to be found. Dante was born in May 1265 and lived his early life at a time of change and of great economic and cultural expansion in Florence (Kirkpatrick 2). The poet was critically†¦show more content†¦He wandered for the next twenty years depending on patrons to help him survive. It is hard to find any documentation on Dantes journey outside of Florence. It is know that his last days were spent in Ravenna, under the watchfu l eye of Guido da Polenta. The city recognized him as a great poet and it was here the last of The Divine Comedy was written. Dante died shortly after finishing his final and best work in 1322. His ashes are still buried next to the church of San Francesco. Dantes Purgatory section of The Divine Comedy covers Dantes journey through Purgatory and the challenges he faces. Purgatory was an island with a huge mountain towering from it. At the top was Paradise or heaven. It was sealed off by a gate with angles guarding the entrance. The bottom was antepurgatory where the souls that were not ready for the journey resided. The mountain itself was composed of seven concentric ledges separated by steep cliffs. On each ledge, one of the seven capital sins waited on a soul. They were composed of Pride, Envy, Wrath Sloth, Avarice, Gluttony, and Lust. When the soul had released his sin, he was able to proceed to the next level. When he ascends to the next level, an angle would greet him and perf orm a cleansing ritual. In addition, on each ledge of Purgatory, there were models of the sin as well as the virtues which opposed the sin. These were a kind of test for the soul. Dante was guided by Virgil orShow MoreRelatedThe Divine Comedy By Dante Alighieri873 Words   |  4 Pagesâ€Å"The Divine Comedy† is an epic poem written by Dante Alighieri. He wrote the epic sometime between 1308 and 1321, the year he died. It is considered one of the greatest works of world literature. He wrote â€Å"The Divine Comedy† while he was exiled from Florence, Italy (Bishops 182). â€Å"The Divine Comedy† recounts Dante’s idea of the afterlife. It is written in a first person perspective and follows Dante’s journey through Hell, Purgatory, and Heaven. At the time Dante wrote the Divine Comedy, Italy wasRead MoreThe Divine Comedy By Dante Alighieri1725 Words   |  7 PagesIn composing the Divine Comedy, Dante Alighieri has created and brought to his reader s three examples of literary brilliance. A masterfully written poem that still serves as a preface for contemporary heaven/hell/purgatory imagery, the divine comedy brings readers along for the ride on Dante’s path towards salvation. Depending on how gullible one may be, interpretation of the legitimacy of the Divine Comedy is varied; that is to say, although a few might believe Dante actually did somehow travelRead MoreThe Divine Comedy By Dante Alighieri Essay1691 Words   |  7 PagesDante Alighieri is known as one of the greatest Italian poets. One of Alighieri’s most famous works of art would be his poem called the Divine Comedy written in year 1320. The poem itself has a heavy Christian influence and it entails the journey of Dante, the protagonist as he travels through hell, purgatory and finally paradise. Additionally, the poem captures Dante’s journey as he gets closer to god. As Dante first enters Inferno, (also known as hell), he meets Virgil, who is not only his mentorRead MoreThe Divine Comedy Dante By Dante Alighieri1101 Words   |  5 Pagestry our best or we give up and follow other paths. Dante Alighieri, born in Florence, Italy in 1265, was born into a very power hungry age. Mor ality was not very high on someone’s to-do list. In the Divine Comedy Dante makes a point of writing about those that have done him wrong and placing them where the â€Å"belong†. But Dante does not only expose the bad people in his life but the bad people all over the world and he also includes himself. Dante writes his book to scare others into changing to beRead MoreThe Divine Comedy By Dante Alighieri1277 Words   |  6 PagesDante Alighieri wrote the Divine Comedy from 1308-1320. The story narrates Dante’s pilgrimage through hell, purgatory, and heaven while guided by Virgil and Beatrice. Throughout this journey Dante conforms himself to virtue, properly orders his passions, and conforms his conscience, â€Å"Dante s psychopoiesis operates through the mimetic deformation, reformation, and transformation of conscience† (Macready, 2). This essay will examine what a true conscience is according to the Catechism of the CatholicRead MoreThe Divine Comedy By Dante Alighieri Essay2228 Words   |  9 PagesThere is no doubt that Dante Alighieri (1265-1321) has made a momentous contribution to Medieval literature in general and Italian in particular. He is best known for his magnum opus, The Divine Comedy. It is a brilliant masterpiece of literature which students read as a part of their curriculum in literature courses, in order to probe the mind of a genius commenting on both temporal events and the spiritual, scientific, and philosophical themes and concerns of his predecessors and peers, therebyRead MoreThe Allegorical Messages of The Divine Comedy by Dante Alighieri 598 Words   |  2 PagesThe beginning lines of The Divine Comedy by Dante Alighieri indicate a pragmatic journey through the dark woods. It is soon evident that The Divine Comedy is in terms of an allegory. Midway through his life, Dante finds himself lost and in darkness. He is confused and unaware of how he has ended up in these dark woods. Dante soon comes across Italian poet Virgil, who will guide him through the Nine Circles of Hell. Dante Alighieri’s The Divine Comedy: Inferno portrays Dante’s life and adventure throughRead MoreDante Alighieri and his Divine Comedy Essay596 Words   |  3 PagesDante Alighieri (1265-1321) was an Italian poet in the Middle Ages. The Divine Comedy, of which Inferno is a part, is considered the greatest literary work in the Italian language and a masterpiece. Inferno is the story of Dante the pilgrim’s journey from the dark wood of error through Hell, led by Virgil. This is Dante the pilgrims opportunity to recognize his sins; he is given the opportunity to see how the error of his ways will be punished if he does not change. In Dante’s Hell, the punishmentRead MoreThe Vaule of Personal Development in The Divine Comedy, by Dante Alighieri1209 Words   |  5 PagesIn Italian Dante Alighieri (1265) Poem, The Divine Comedy Inferno, Translated by Mark Musa. Dante demonstrates the v alue of personal development which is the ability to keep a balanced life and continuously learn from past mistakes in order to create a better future. Dante begins the poem wrapped in his own thoughts and suffering but by the end of the poem he begins to understand other’s sufferings beyond his own. In his growth throughout his journey he learns about pain and sorrow that he cannotRead MoreHow Literature Changed a Nation: Dante Alighieri and The Divine Comedy1146 Words   |  5 PagesMaking change in a time of dark beliefs and harsh criticism is a difficult task to achieve. The poet, Dante Alighieri’s world was one filled with spirituality and stigmas. Unlike many other artists of his time, he completed his most famous and influential work in Europe’s 1300’s. Dante’s piece, The Divine Comedy, demonstrates the journey one takes throughout life, to find one’s self and connect with the world and religion, all through three volumes of poetry. Of his talent, came a business of the

Site Preparation Hardware Installation †Myassignmenthelp.Com

Question: Explain Site Preparation Hardware Installation? Answer: Introducation MEX maintenance system can be defined as computerized system which capture activities like- maintenance of workloads, inventory management, and present statutory reports, manage payroll system etc. Following stages will be required for the implementation of new system i.e. MEX Maintenance system, in the Mighty Mechanics: Site Preparation/Hardware Installation Mighty Mechanics has to take a big step to transform the business activities from manual to an automatic system. It is important for the management to review the present business infrastructure of the company to assess that the new system will cope with the business infrastructure or not. The new system demands for installation of hardware pieces therefore the requirements of electrical outlets/ connection facilities and reasonable office space will be established(Allen, 2015).Mighty Mechanics requisites to purchase new computer system as well as related accessories in order to install the new system. Therefore, site preparation is the first step of implementation strategy. Installation of Software MEX Maintenance system is recommended to be installed as a new system in Mighty Mechanics. In addition to this, relevant anti-virus is also required to be installed in the computer systems so that data can be protected from threat. MEX Maintenance system will perform best with Intel processors supplemented with MS window XP. High speed internet will also be required to carry out the business activities effectively as well as use of cloud computing will facilitate superior connectivity across the whole system. Personal Training In order to implement the system successfully, personal training of the employees or project team is crucial. As training of employees ensures quicker implementation of the system. In addition to this, it will also facilitate in managing the issue of user`s resistance. Training methods could be used to train the staff are- role play, video simulations, study material about MEX system will also be provided in the weekly classrooms(Verweire, 2014). In the training process, staff will come across with the benefit of new system and they will be motivated to accept the change as the new system will at last benefit the staff tocarry out their jobs in easy way as they will be able to manage inventory, price books, data will be collected in proper manner and payroll system would also be managed properly. Team members of the project will also train employees and after getting training they will get start working on the new system as well as the old system will be completely stopped in being u se(Hayes, 2017). Complete Documentation The implementation team and project team by working on various configurations for the new system, documenting the usual procedures and roles of team members and other employees will also be defined in this phase. The procedures which would be carried out to implement the system or to make the system live will be documented in order to check whether the activities are carried out as the way there planned. Testing System In this phase, analysis of alignment of system`s functionality with the requirements established for the project would be done. The development and testing phase will frequently overlay as the project and implementation teams will consider fine alteration of the configuration. By the end of the testing stage, team members would be comfortable to carry out their job activities in the new system i.e. MEX Maintenance system. Security testing will also be done to check whether the new system can be hacked so that threat or issues could be managed( Creasey Hiatt, 2012). New System Conversion A parallel transition is required for system conversion. The data which is stored manually will be transited to the new system which will facilitate Mighty Mechanics to assess the potential errors as well as performance of MEX system can also be confirmed. New system would be used by the staff once it is confirmed that the new system is effectively working. The data should be backed up while transferring of data is going on so that the data could be protected. It is estimated that up to three months can be taken to transfer the data and to complete the implementation process. Encounter risk/issues and ways to overcome from these risk/issues Following risk/issues can be encountered while implementation and the way to manage these are stated below: S. No. Issue /Risk Control or way to overcome from the issue or to manage risk 1 Lack of alignment of business processes and MEX Maintenance System Reengineer business processes Monitoring the performance of system. Testing of system will be conducted prior to the implementing the system A detailed requirements specification will be developed( Iverson, 2013). 2 Loss of control because of decentralized process of decision making. Steering committee will be formulated Project sponsor would be appointed. An internal audit will also be done. 3 Complexity in project A detailed plan for the implementation will be developed. Internal audit Consultants involvement Team members who possess adequate kills will be appointed. 4 User`s resistance User`s involvement training Support of top management Managerial soft skills Establishing sound communication(Hall, 2015). 5 Security issue Technical expert will be appointed Authorization will be given to the senior executives to assess the secured information(Allen, 2015). Reason for adopting the strategy The adopted strategy compiles all the necessary step which facilitate the installation of new system in the Mighty Mechanics. The steps involved in the implementation strategy will aid the project team to implement the MEX system effectively. Issues can be encountered and the ways to overcome from the issues or to manage the risk are also included in the strategy. The phase of each implementation will provide experience to the team and other employees and this will turn out to be more efficient in subsequent phase(Steinbart Romney , 2014). Various benefits will be availed by adopting this strategy, such as- helpful for the new and unexperienced team, requirement for meticulous planning is not essential, less difficult to manage, employees would get enough time to get familiarize with the new system, subsequent stages of implementation can be carried out easily as enough time is provided by this strategy to consolidate all the learning. Post Implementation Review Implementation strategy would not end after the implementation of MEX Maintenance System in Mighty Mechanics. After the implementation of strategy the whole system will be assessed or review(HEAGNEY, 2012). Post implementation review will be done after the completion of project in a certain period of time. Following aspects will be reviewed after the implementation- Point of achievement from the project will be ascertained. As the objectives have been met or not such as payroll is properly managed, inventory is properly managed as well as the issues in the accounting system are resolved. Employees are comfortable with the implementation of the new system or not will also be ascertained. Any requirement of change in the system will also be ascertained so that issue shall not arise in future. References Creasey, T., Hiatt, J. (2012). Change Management: The People Side of Change. Prosci Research. Iverson, D. (2013). Strategic Risk Management: A Practical Guide to Portfolio Risk Management. Wiley. Nix, C. (2017). Data Analytics. CreateSpace Independent Publishing Platform. Allen, M. (2015). Strategic Communication for Sustainable Organizations. Springer. Brown, M. (2012, 12 11). Data mining techniques. Hall, J. A. (2015). Accounting Information Systems. South-Western College Pub. Hayes, A. (2017). Data Analytics: A Quick-start Beginner's Guide. CreateSpace Independent Publishing Platform. HEAGNEY, J. (2012). Fundamentals of Project Management. AMACOM. Steinbart, P. J., Romney , M. B. (2014). Accounting Information Systems. Pearson. Verweire, K. (2014). Strategy Implementation. Routledge.