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Answers tpo AA. The measurement focus and basis of accounting that are most unlike those used by business entities are those used by  (Points : 2)         Governmental funds.         Fiduciary funds.         Proprietary funds.         Contribution funds. 2. Under the dual-track accounting approach used in the text, which of the following transactions or events would be recorded in […]

21. Five trucks were leased by Pleasantville under terms qualifying as a capital lease. These trucks are to be used by the fire department. Where would the capital lease transaction be recorded?  (Points : 2)         Internal service fund.         Special revenue fund.         Plant and equipment fund.         Governmental activities. 22. On June 1, 2012, Brooktown levied special […]

1. The concept of scarcity implies ________.a)      limited human wants and unlimited producer resourcesb)      unlimited human resources and limited producer wantsc)      unlimited human wants and limited producer resourcesd)      limited human resources and unlimited producer wants 2. In a market economy, goods are allocated on the basis of ________.a)      strength of desiresb)      needc)      willingness and ability […]

1. When the midpoint formula is used to calculate elasticity, a percent change in Y is measured as ________.a)      change in Y * Y midpointb)      Y midpoint + change in Yc)      Y midpoint ÷ change in Yd)      change in Y ÷ Y midpoint 2  of 25The law of diminishing marginal utility helps to explain why […]

SECTION A: SHORT QUESTIONSNr: QuestionMark:11.1 Name three external role-players that need information from an organization. 1.2 Also name the type of information needed by each. 2 Why is a workload chart very useful when developing new systems? 3 Name three different types of information systems and the organisational level that it is used at. 4 […]

  The Ali Baba Co. is he only supplier of a particular type of Oriental carpet.  The estimated demand for its carpets is Q=112,000-500P+5M  where Q=number of carpets, P=price of carpets (dollars per unit), and M=consumers’ income per capita.    The estimated averabe variable cost function for Ali Baba’s carpet is AVC=200-0.012Q+0.000002   Q2 Consumers’ income […]

  1. Given the following information, calculate the net asset value for the Chapter 7   1. Based on the following data, would you recommend buying or renting? Rental Costs Annual rent, $7,380 Insurance, $145 Security deposit, $650 Insurance/maintenance, $1,050 Buying Costs Annual mortgage payments, $9,800 (9,575 is interest), property taxes, $1,780, down payment/closing costs, […]

Brooks Corp. is a medium-sized corporation specializing in quarrying stone for building construction. The company has long dominated the market, at one time achieving a 70% market penetration. During prosperous years, the company’s profits, coupled with a conservative dividend policy, resulted in funds available for outside investment. Over the years, Brooks has had a policy […]

   ACC 421 Week 4 Wiley Plus Assignment – Exercises Problem 1 The income statement of Rodriquez Company is shown below. RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 Sales     $6,894,600 Cost of goods sold         Beginning inventory   $ 1,893 ,870       Purchases   4,375,530       Goods available for sale […]

  1. Firm A has $10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 in debt (with a 10 percent rate of interest) and $5,000 in equity. Both firms sell 10,000 units of output at $2.50 per unit. The variable costs of production […]