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(1) A concern about political correctness is that it often leads to    A. creating too many categories of people.    B. blandness and imprecision in language.    C. making many people feel inferior.    D. conflict between majority- and minority-group members. (2) According to the triarchic theory of intelligence, a person with good street smarts would be strong in the […]

Week Five Exercise Assignment Financial Ratios   1.        Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:   EdisonStaggThorntonCash$ 6,000 $5,000$ 4,000  Short-term investments 3,000 2,500 2,000  Accounts receivable2,0002,5003,000 Inventory 1,000 2,5004,000 Prepaid expenses800800800 Accounts payable200200200 Notes payable: short-term 3,100 3,1003,100 Accrued payables300300300 Long-term liabilities3,8003,8003,800             Compute the current […]

Week Four Exercise Assignment Liability   1. Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: ·           Social Security taxes : 4% on the first $55,000 earned per employee ·           Medicare taxes : 1.5% on the first $130,000 earned per employee ·         Federal income taxes […]

  Week Three Exercise Assignment   Inventory     1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.   Painting Cost 1/2 Beginning inventory Woods $21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31, 200 12/16 Purchase Moon 4,000          Woods and Moon […]

Week Two Exercise Assignment Revenue and Expenses   1. Recognition of concepts. Jim Armstrong operates a small company that books enter­tainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) pre­paid expense, (2) unearned revenue, (3) accrued expense, (4) […]

Week One Exercise Assignment Basic Accounting Equations    1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s, a retail music store that also sponsors concerts. Classify each of the items as an asset, liability; revenue; or expense from the company’s viewpoint. Also indicate the normal account balance of each […]

Cap Inc. acquired 100% of the voting common stock of Decker Inc. on January 1, year 1. The book value and fair value of Decker’s land account on that date (prior to creating the combination) follow, along with the book value of Cap’s land accounts:Cap’s book value $280,000Decker’s book value $220,000Decker’s fair value $240,000Assume that […]

  Question1 The City of Kiel issued $3,000,000 of 8% coupon, 30-year, semiannual payment, tax-exempt municipal bonds 10 years ago. The bonds had 10 years of call protection, but now the bonds can be called if the city chooses to do so. The call premium would be 6% of the face amount. New 20-year, 6%, […]

Comp4U    Comp4U is a local computer store you will open that will build computers from components  when a customer places an order. We will have a local store where some sample computers  will be on display and we will build the computers in the back room on a lab bench using simple  tools such […]

The CEO of your company has asked you, the human resource manager, to conduct a study to determine whether or not male managers and female managers perceive leadership styles differently and, if differences are found, to develop a training program that will benefit gender differences in leadership. To this end you selected, randomly, 10 male […]