Accountin 1 Exam

In: Business and Management

Submitted By hdhanani
Words 850
Pages 4
Acct 371

3rd October 2015

Solution of Final Exam

Solution - 1

|NPV of bond | | | | | | |
| | | | | | | |
|Period |0 (now) |1 |2 |3 |4 |5 |
|Discount rate |1 |0.943396226 |0.88999644 |0.839619283 |0.792093663 |0.747258173 |
|Coupon | |$10,000 |$10,000 |$10,000 |$10,000 |$10,000 |
|NPV of coupon |$9,433.96 |$8,899.96 |$8,396.19 |$7,920.94 |$7,472.58 |
| | | | | | | |
| | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |

| | |…...

Similar Documents

Leg 500 Exam 1

...| | Course | Law,Ethics & Corp. Governance | Test | Exam | | | | | | | | | | | Instructions | This exam consist of 35 multiple choice questions and covers the material in Chapters 1 through 7. There are five questions from each Chapter. | * Question 1 0 out of 5 points | | | Which of the following statements best illustrates the view of “utilitarianism”? I.          From each according to his abilities, to each according to his needs. II.         The risk reasonably to be perceived defines the duty to be obeyed and risks imports relation; it is risk to another or to others within the range of apprehension. III.       An action is right when maximizing welfare and total well-being. IV.       Individuals should pursue his or her own self-interest, even at the expense of others.Answer | | | | | Selected Answer: |    I, II, and III | Correct Answer: |    III only | | | | | * Question 2 5 out of 5 points | | | Which of the following statements is INCORRECT regarding the rights of shareholders? I.          voting power on major issues and ownership in a portion of the company II.         right to transfer ownership and dividend entitlement III.       hire and fire management and select and appoint a chief executiveAnswer | | | | | Selected Answer: |    III only | Correct Answer: |    III only | | | | | * Question 3 5 out of 5 points | | | The best example of a source for......

Words: 2231 - Pages: 9

Bus 560 Exam 1

...BUS 560 Exam (Chapters 1-5) Study Guide Questions These exam study questions will enable you to see whether you possess the level of knowledge necessary to pass a specific exam prior to actually taking it. Although these sample exam questions do not indicate the full range of difficulty you would find in the actual exam, they will help you assess your knowledge level. They also help you get familiar with the type of questions that may appear during the actual exam, they are built in the same environment as the actual exams. 1. Organizations expand into new products, new markets, and even new industries. In this process, the organization's original purpose may become irrelevant. In these circumstances the organization can be best described as a  A. drifting organization. B. functional organization. C. horizontal organization. D. cooperative organization.   2. The core things that an organization does well are known as its  A. distinctive values. B. distinctive competencies. C. distinctive ideals. D. distinctive technologies.   3. Which of the following statements about a mission statement is true?  A. Even though no one denies the importance of the mission statement, it is the least used of all of the management tools. B. An effective mission statement takes an internal organizational focus. C. It should be focused on the physical product or service that the organization is offering at present. D. It should be focused on the broad class of needs that the organization is...

Words: 2638 - Pages: 11

Exam 1 Telecom 205

...Exam 1 Week 1: What’s the problem we are facing? - Choices constrained because we are restricted by automatic processing, attention not goal driven and subject to manipulation What is automaticity? - Automatic process of info, extremely efficient, don’t need to know specifics just general facts How did automaticity develop in society? - Learning new routine things that we don’t have to think about→ automatic routines: behavior or thought that we learn from experience and then apply again and again with little thought Advantages and disadvantages of automatic - Advantages- helps us get through routines with little effort→ very efficient - Disadvantages- with so many messages constantly available we are overwhelmed and begin to think that the value of any one message is almost nothing so we make poor exposure decisions and while we are exposing ourselves to more and more messages we are paying less and less attention to them When do we consciously process messages from the media? - Attentional exposure state- being aware of messages and actively interacting with the elements in the messages, able to think about it more and remember it. - Mass media continually reinforce certain behavioral patterns or exposure until they become automatic habits. Advertisers program an unease self-consciousness into our minds so that we are on the lookout for products that will make us feel better. How do advertisers and producers try and get around automaticity? - Competition for......

Words: 252 - Pages: 2

Exam#1

...Macro Midterm Exam #1 1 List the two key differences between microeconomics and macroeconomics. 2 List the two key characteristics of the scientific method. 3 List the three differences between GDP deflator and CPI. 4 Why neither CPI nor GDP deflator measures the changes in the cost of living accurately? 5 Write a Cobb−Douglas production function for which capital earns 1/3 of total income, and show its profit in a competitive market. 6 Show in a diagram to explain what happens to consumption, investment, public saving, private saving, national saving, and real interest rate when the government increases taxes. 7 Suppose the productivity of farmer increases faster than the productivity of barber does, and suppose workers can move freely between being farmers and being barbers. What does this mobility imply for the price of haircuts relative to the price of food? 8 Why might a banking crisis lead to a decrease in the money multiplier? 9 Suppose the velocity of money in an economy is growing steadily because of financial innovation, how would that affect the inflation rate? Explain it with the quantity equation. 10 Explain the connection between the nominal exchange rate and the real exchange rate. 11 What will happen to the trade balance and the real exchange rate of a small open economy when government purchases increase? Show them in diagrams. 12 Suppose that in scenario A the Fed cares only about keeping the price level stable and in......

Words: 324 - Pages: 2

Study Guide Exam 1

...Dr. Lane Study Guide for Exam #1 Feb 2014 In brief, Exam #1 will cover two broad areas: (1) Everything we have covered in class on the Pentateuch. (2) The nature of covenants, and which OT covenant is which, so far. Here are the handouts the exam will cover: #12.2 Genesis 1–4, Creation & the Fall The exam will not ask about the different views of creation, but the other material is testable. #14 Essential Passages in the Pentateuch #16 Basic Nature of OT Covenants & ANE Treaties #17 Thirteen Propositions Re: . . . Covenants #19.1 Conclusions from the Pentateuch Be able to identify each of the five books we've covered, by way of main events (esp., the covenants), the main characters, and where the books fit into the redemptive-historical context of the Pentateuch. Know which sort of covenant is which (esp. H/O #16), and esp.(!) what are the specific covenants we have seen so far in the OT. What are their features, whom are they with, etc. A few must-know chapters & verses: (These are not the only ones; these are the must-know chapters). Gen 12, 15, 17 & 22 Exod 19, 20 & 24 Exod 34:6 Lev 26:12 Lev 26 Deut 7 Otherwise, be able to identify the chapters in boxes . Other items / ideas we have stressed: Israel's religion and cosmology and cosmogeny (vs.( that of pagan religions. Be able to......

Words: 479 - Pages: 2

Accountin

...Keep your exam scantron covered . . . . Keep your eyes on your own paper . . . . A202 Managerial Accounting Exam 2B (Chapters 6, 9, 7, 8 & 11) Spring 1. If a company has excess capacity, how might they mitigate it in the short run? A. Outsource a component they are currently manufacturing in house B. Increase the selling price of the product C. Accept a special order D. Discontinue price discounts E. Hire additional employees 2. Brite Lites makes floor lamps. The company has received a request to make a special production run of 50 custom-made floor lamps. Each of the special order lamps requires $10 in labor, $8 in materials and $5 in variable overhead. In addition, the special production run requires a setup cost of $400. Brite Lites currently has 45 units of excess or idle capacity. The company's regular lamps generate a contribution margin of $20 each. Brite Lites allocates fixed overhead to its product at a rate of $7 per unit. What is the minimum selling price per lamp Brite Lites should accept to make the special order? $20 A. $23 B. $30 C. $31 D. $33 E. Cost of special order Variable cost ($10 + $8 + $5) x 50 units = $1,150 Setup cost = $400 Opportunity cost = $20 x (50 units - 45 units) = $100 Total = $1,650 Minimum price per unit = $1,650 / 50 units = $33.00 Keep your exam scantron covered . . . . Keep your eyes on your own paper . . . . 3. The Owens Company budgeted sales of 20,000 printers at $90 per unit last year. Variable manufacturing costs......

Words: 5646 - Pages: 23

Practice Test Exam 1

...Quick Links Logout Piero Bazo CMBA | My BlackboardTab 2 of 4 (active tab) | Support | Portfolios | | 1. 1158 - FIN6406 - Corporate Finance - Sections RXK & RXH & RXI & RXJ & RXL & RXW - Fall 2015    2. Assessments   3. Review Test Submission: Practice Exam I * * 1158 - FIN6406 - Corporate Finance - Sections RXK & RXH & RXI & RXJ & RXL & RXW - Fall 2015 * Course Content * Contact Your Coach * Syllabus * Policies * Course Tools * Announcements * Discussion Board * Groups * Messages * Assessments * Assignment Dropbox * Adobe Connect * Student Resources * My Grades * Calendar * FIU Resources * Course Resources * Technical Support My Groups * Group 10 Review Test Submission: Practice Exam I   User | Piero Bazo | Course | 1158 - FIN6406 - Corporate Finance - Sections RXK & RXH & RXI & RXJ & RXL & RXW - Fall 2015 | Test | Practice Exam I | Started | 8/24/15 7:09 PM | Submitted | 8/24/15 8:26 PM | Status | Completed | Attempt Score | 85 out of 100 points   | Time Elapsed | 1 hour, 16 minutes out of 2 hours | Results Displayed | All Answers, Submitted Answers, Correct Answers, Feedback | * Question 1 5 out of 5 points | | | Garcia Industries has sales of $120,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The industry average DSO is 27 days,......

Words: 2562 - Pages: 11

Mba631 Exam 1

...Take Home Mid-Term 1 Part 1 Part 1 of the mid-term will be available on Blackboard at 6:00pm on Monday. The online test is worth 60 points and should consist of 30 questions. The questions will be a mix of concept questions and computational questions. You will need a calculator for the exam. Once you have completed a question, you may not go back to that question. You will have 90 minutes to complete the exam. A timer may not be displayed so you will have to keep track of the time yourself. Therefore, use your time wisely. Part 2 Take home exam. This is an exam and you must do your own work. It is worth 40 points. This part is due Monday at 5:00pm. For the problems you must show your work. You must submit your answers using a word. Make sure your label your answers. E-mail the answers to me. 1. (6 points) The selected amounts that follow were taken from Kentucky Corporation's accounting records:    Required: Compute the following: A. Manufacturing overhead. Total manufacturing costs ($104,000) - raw material ($27,000) and direct labor ($35,000) = $42,000 B. Work-in-process inventory, 12/31. Total manufacturing costs ($104,000) + Work-in-process, 1/1 ($19,000) – COGM ($100,000)= $23,000 C. Finished-goods inventory, 1/1. Costs of good available for sale ($175,000) – COGM ($100,000) = $75,000 D. Cost of goods sold. Cost of goods available for sale ($175,000) – finished-goods inventory, 12/31 ($60,000) = $115,000 E.......

Words: 1452 - Pages: 6

Exam 1

...your changes of being awarded benefits. Having additional conditions that negatively affect your ability to work can also increase the likelihood of your application being improved, as will having a treating doctor who's supportive of your claim and willing to provide a comprehensive statement or fill out a questionnaire regarding your inability to work. For more information, see our section on the medical-vocational rules. Also, you may want to read our tips on how to get disability for epileptic seizures. Share on Facebook Share on Google Plus Talk to a Lawyer Want to talk to an attorney? Start here. ------------------------------------------------- Top of Form Practice Area: Zip Code: SEARCH Bottom of Form How It Works 1. Briefly tell us about your case 2. Provide your contact information 3. Connect with local attorneys Free Legal Information See All Topics Social Security DisabilitySSDI and SSI BasicsEligibility Disability BenefitsPayment InformationFiling for Disability Disability Denials & AppealsReconsideration ReviewDisability HearingsDisability Appeals CouncilTips to Win Benefits Medical ImpairmentsBenefits for Back InjuriesMusculoskeletal DisordersNeurological DisabilitiesHeart & Cardiovascular Disability & Workers CompensationWorkers CompensationWorkers' Comp EligibilityDisabled Veterans BenefitsLong-Term Disability FIND A LAWYER DisabilityWorkers Compensation Related Products more Nolo's Guide to Social......

Words: 1167 - Pages: 5

Exam #1

...QUESTION #1: Incident 1 – “An Ethical Flaw” (pg. 40) Question 2-11: From an ethical standpoint, how would you evaluate the merits of Mr. Garbo’s employing Amber? Discuss. Answer 2-11: I definitely think that the decision to hire Amber was extremely unethical. I don’t think that it was right for Mr. Garbo to pressure Mr. Davis into hiring his daughter when she didn’t show the motivation to attempt to find a job on her own. I understand that sometimes having “connections” is helpful, but when you don’t show that you’re worthy of the positon, you shouldn’t hire someone in just because you think that it will help you out professionally in the future. If Amber had shown that she was competent, able, eager and mature then it would be obvious that she may be suitable for the position. However, Amber did not possess these characteristics so Mr. Garbo’s decision was based solely on his business relationship with Mr. Davis. It is usually a bad idea to employ a friend or coworker’s son or daughter due to this fact. Just because they are a good worker, doesn’t mean that their kids will be too. (pg. 27) Question 2-12: Now that she is employed, what course would you follow to address her on-the-job behavior? Answer 2-12: I definitely think that Mr. Garbo should have a serious talk with Amber and try to help and encourage her to become a better and more productive member of their team. He should also let her know that is she doesn’t become more productive then she...

Words: 807 - Pages: 4

Phi 210 Exam 1

...PHI 210 Exam 1 Click Link Below To Buy: http://hwcampus.com/shop/phi-210-exam-2/ Question 1 4 out of 4 points Which of the following practices would MOST likely be considered pseudoscience? Question 2 4 out of 4 points A set of statements designed to convince others that an action or idea is right or wrong is a type of _________. Question 3 4 out of 4 points Cliff wants to determine whether people prefer red apples or green apples. In order to obtain good results, he decides to conduct this survey at a car festival. Out of the 5000 people who attended the festival, Cliff surveys 10 attendees randomly. The survey reads, "Which do you prefer, red apples or green apples?" Seven of ten people surveyed answer that they prefer red apples. From his survey, Cliff concludes that most people prefer red apples. Cliff's results may not be reliable because of which of the following problems with his study? Question 4 4 out of 4 points Courtnie has been allergic to cats as long as she can remember; this requires her doctor to give her an allergy shot. On her 26th birthday she spends the day in a house with cats and has no reaction. Therefore the allergy shot has helped Courtnie overcome her reaction to cats. The explanation for why she had no reaction describes which of the following? Question 5 4 out of 4 points A student is designing an experiment to find out if the following statement is......

Words: 1077 - Pages: 5

Busi 601 Exam 1

...BUSI 601 Exam 1 Click Link Below To Buy: http://hwaid.com/shop/busi-601-exam-1/ • Question 1 2 out of 2 points Which of the following is a contemporary management technique used by the management accountant to identify and monitor the costs of a product throughout all steps from product design to the finished product? • Question 2 2 out of 2 points The competitive strategy of differentiation requires that a product or service must be: • Question 3 2 out of 2 points Which of the following is not a benefit of using a lean manufacturing system? • Question 4 2 out of 2 points A strategy can be best defined as: • Question 5 2 out of 2 points In SWOT analysis, strengths and weaknesses are most easily identified by looking: • Question 6 2 out of 2 points Which of the following organizations presents awards to firms that excel at execution of strategy, based on criteria such as leadership, marketing, strategic planning and process management? • Question 7 0 out of 2 points Michael Porter's five competitive forces include which one of the following: • Question 8 2 out of 2 points Using value-chain analysis, a firm can develop a competitive advantage by specifically looking for ways to: • Question 9 2 out of 2 points The differentiation strategy requires all of the following resources, except: • Question 10...

Words: 1372 - Pages: 6

Exam 1

...Possible Essay Questions for Exam 1 What is absolutism? Briefly discuss the 16th-century context for the development of absolutism in France as well as the development of absolutism from Henry IV through the reign of Louis XIII. In many ways, absolutism began under Louis XIII and reached its peak under Louis XIV, particularly the personalization of power around Louis XIV himself. Explain. In answering, be sure to outline the general history of Louis XIV’s reign as discussed in class. Be sure to include a discussion of the reading titled “A Royal Tongue Lashing.” In particular, what political claims did the document make? What was the Copernican Revolution and why was it so important? What was the initial reception to the Copernican System, and how did Copernicanism ultimately become accepted throughout the European scientific community and European culture more broadly? In answering, be sure to outline the general history of the Scientific Revolution as we discussed in class. What were the cultural and social implications of the new science? In particular, how did Francis Bacon rethink science as a social process? And how did Robert Boyle rethink the culture of the new science, particularly considering the political context of his time? Be sure to include a discussion of Bacon’s New Atlantis, in particular the way it reflected Bacon’s conception of science and society. Seventeenth-century England was a time of seemingly endless contestation. What...

Words: 474 - Pages: 2

Phi 210 Exam 1

...PHI 210 Exam 1 Click Link Below To Buy: http://hwcampus.com/shop/phi-210-exam-2/ Question 1 4 out of 4 points Which of the following practices would MOST likely be considered pseudoscience? Question 2 4 out of 4 points A set of statements designed to convince others that an action or idea is right or wrong is a type of _________. Question 3 4 out of 4 points Cliff wants to determine whether people prefer red apples or green apples. In order to obtain good results, he decides to conduct this survey at a car festival. Out of the 5000 people who attended the festival, Cliff surveys 10 attendees randomly. The survey reads, "Which do you prefer, red apples or green apples?" Seven of ten people surveyed answer that they prefer red apples. From his survey, Cliff concludes that most people prefer red apples. Cliff's results may not be reliable because of which of the following problems with his study? Question 4 4 out of 4 points Courtnie has been allergic to cats as long as she can remember; this requires her doctor to give her an allergy shot. On her 26th birthday she spends the day in a house with cats and has no reaction. Therefore the allergy shot has helped Courtnie overcome her reaction to cats. The explanation for why she had no reaction describes which of the following? Question 5 4 out of 4 points A student is designing an experiment to find out if the following statement is......

Words: 1077 - Pages: 5

Accountin

...AC202 Principles of Accounting II Name Kayleigh Alves Park University Version D First Hour Exam-Chapters 13-15 Multiple Choice Questions (2 points each) Select the ONE, BEST Answer. 1. A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a: A. Credit to Interest Income. B. Credit to Premium on Bonds Payable. C. Credit to Discount on Bonds Payable. D. Debit to Premium on Bonds Payable. E. Debit to Discount on Bonds Payable. 2. A company may retire bonds by: A. Exercising a call option. B. The holders converting them to stock. C. Purchasing the bonds on the open market. D. Paying them off at maturity. E. All of these. 3. All of the following statements relating to accounting for international operations are True except: A. Foreign exchange gains or losses can occur when accounting for international sales transactions. B. Gains and losses from foreign exchange transactions are accumulated in the Fair Value Adjustment Account and are reported on the balance sheet. C. Gains and losses from foreign exchange transactions are accumulated in the Foreign Exchange Gain (or Loss) account. D. The balance in the Foreign Exchange Gain (or Loss) account is reported on the income statement. E. Foreign exchange gains or losses can occur when accounting for international purchases transactions. 4. Buying stock in a corporation is......

Words: 594 - Pages: 3