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4. The following procedure performed by a candy manufacturer is the best example of a product level activity within a manufacturing cost hierarchy:
Select one:
a. Resetting the packaging equipment to wrap a special 36-count Halloween package
b. Developing an advertising campaign for a special Halloween candy
c. Inspecting the quality of the candy produced during one of the special Halloween package production runs
d. Cleaning the mixing machine for the next production run of candy, a special Halloween candy
8. Which of the following factors is not an advantage of preparing operating budgets?
Select one:
a. Improved basis of performance evaluation
b. Improved planning
c. Improved communications
d. Increased employee loyalty
11. Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.
(a) May be subjective
Financial accounting
Managerial accounting
(b) Often used to state corporate goals
Financial accounting
Managerial accounting
(c) Typically prepared quarterly or annually
Financial accounting
Managerial accounting
(d) May measure time or customer satisfaction
Financial accounting
Managerial accounting
(e) Future oriented
Financial accounting
Managerial accounting
(f) Has a greater emphasis on cost-benefit analysis
Financial accounting
Managerial accounting
(g) Keeps records of assets and liabilities
Financial accounting
Managerial accounting
(h) Highly aggregated statements
Financial accounting
Managerial accounting
(i) Must conform to external standards
Financial accounting
Managerial accounting
(j) Special-purpose reports
Financial accounting
Managerial accounting
(k) Decision-making tool
Financial accounting
Managerial accounting
(l) Income statement, balance sheet, and statement of cash flows
Financial accounting
Managerial accounting
The endowment net assets composition by type of fund at April 30, 2018, is as follows (in thousands); TEMPORARILY PERMANENTLY UNRESTRICTED RESTRICTED RESTRICTED TOTAL 1 Donor-restricted endowment funds $ $96,198 $109,205 $205,403 2 Board-designated endowment funds 471,027 471,027 3 Total endowment funds $471,027 $96,198 $109,205 $676,430 TEMPORARILY PERMANENTLY UNRESTRICTED RESTRICTED RESTRICTED TOTAL 4 Endowment net assets, May 1, 2017 $429,625 $87,866 $104,509 $622,000 Investment return 5 Net appreciation on investments 39,802 14.394 1,337 55.533 6 Interest, dividends, and capital distributions 2,248 1,370 3.618 7 Total investment return 42,050 15.764 1,337 59,151 8 Contributions to endowment 111 3,359 3,470 9 Appropriation of endowment assets for expenditure (11,742) (7,432) (19,174) Other changes 10 Transfers to create board-designated endowment funds 10,983 10.983 11 Endowment net assets, April 30, 2018 $471,027 $96,198 $109,205 $676,430Question 2; Consider a country producing milk and cookies using labor and capital as inputs described by a Heckscher-Ohlin model. The following table provides outputs for goods and factor endowments before and after a change in the endowments. Output and Endowments Initial Aer Endowment Change Milk Output, QM 100 gallons 110 gallons Cookie Output, QC 100 pounds 80 pounds Labor Endowment, L 4000 hours 4200 hours Capital Endowment: K 1000 hours 1000 hours :1) Calculate and rank the magnication effect for quantities in response to the endowment change. b) Which product is capital intensive? Show why. c) Which product is labor intensive? Show why. Get user input ' Display to user: "What is your Employee ID?" I Read in value and store in the string variable, employeel ' Display to the user: \"What is your Name?\" I Read in value and store in string variable, name ' Display to the user: \"What is your hourly rate?" I Read in value and store in string variable, hourlyRoteAsString ' Convert this from a string to a double, storing in a new variable called hourlyRc-te ' OR you can do this conversion straight to a double Do calculations ' Initialize a new variable called weeklySolom which is computed as hourlyote times 40 ' Initialize a new variable called onnuolSolom which is computed as weeklySalory times 52 Display Summary information ' Display to user: 0 String literal: \"Hello, \" 0 Use the appropriate String method to display name in upper case letters ' Display to user: 0 String literal m\" Weekly Salary: \" 0 Display weeklySalam. Use currency formatting. ' Display to user: ' String literal: "Account Code: " ' Inside Console.WriteLine, concatenate 0 First three letters of the name variable 0 First three letters of the employee-ID variable Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $19,590. 2. Cash balance according to the bank statement at July 31, $20,420. 3. Checks outstanding, $3,980. 4. Deposit in transit, not recorded by bank, $3,190. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 14. Mathers Co. Bank Reconciliation July 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Adjusted balance b. If the balance sheet is prepared for Mathers Co. on July 31, what amount should be reported for cash?4. Deposit in transit, not recorded by bank, $3,190. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 14. Mathers Co. Bank Reconciliation July 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Adjusted balance b. If the balance sheet is prepared for Mathers Co. on July 31, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)
