...CHECKLIST OF KEY FIGURES Volume II For Exercises and Problems in Kimmel, Weygandt, and Kieso Accounting, Tools for Business Decision Making, Third Edition Chapter 14 Exercises 14-2 (a) DM 5, 10. (b) DL 1, 6. 14-4 (a) $166,350; (c) $72,140. 14-5 (a) 3, 7; (c) 1, 2, 4, 9, 10. 14-7 (a) $35,100. 14-8 (a) CGM $303,500. 14-9 Total manfg. costs $381,000. 14-10 (a) $82,150; (c) $36,225; (e) $242,500. (g) $21,700; (i) $267,000. 14-11 (b) $17,000; (d) $60,000; (f) $225,000; (h) $63,000. 14-12 (a) $62,500; (b) $27,100. 14-13 (a) $17,300. 14-14 CGM $517,300. 14-15 (a) 1, 2, 3, 5, 6, 7, 9, 10, 13, 14, 15, 16. (b) 4, 8, 10, 11, 12. 14-16 (a) $124,800; (b) $26,100. 14-17 (a) RM $3,150; FG $9,315; CGS $27,945. Problems P14-1A (a) DM $75,000; DL $43,000; MO $18,100; PC $22,100. P14-2A (a) DM $96,200; DL $78,000; MO $17,050; PC $8,500. P14-3A (a) $20,600. (e) $7,400. (h) $7,000. (b) CGM $17,000. P14-4A (a) Cost of goods manufactured $367,910. (b) Gross profit $181,790. (c) Total current assets $213,100. P14-5A (a) Cost of goods manufactured $572,200. (b) Net income $9,000. P14-6A (b) CGM $657,300. (c) NI $87,600; total assets $735,100. P14-1B (a) DM $20,000; DL $44,000; MO $17,100; PC $11,700. P14-2B (a) DM $46,000; DL $52,000; MO $13,350; PC $6,000. P14-3B (a) $17,300. (e) $4,900. (k) $21,500. (b) CGM $15,800. P14-4B (a) CGM $299,900. (b) Gross profit $165,400. (c) Total current assets $185,000. P14-5B...
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...PARKLAND COLLEGE FINANCIAL ACCOUNTING ACC 101(Fall 2015) TENTATIVE SYLLABUS Instructor: Nancy Schrumpf, CPA Office Hours: Office: B120 MW 8-9 a.m. Phone: 351.2576 MW11 a.m.-12:30 p.m. Secretary/Mailbox: 351.2213, B116 or by appointment Email: nschrumpf@parkland.edu[->0] . Course Web Site: http://my.parkland.edu Login using your Parkland College student email account username and password. You should find a link to “Cobra Learning” on the page which will take you to your course schedule. Select this course to access course materials. You can also access the course from Cobra.parkland.edu. COURSE COMMUNICATION: All course email will be using your CobraLearning account, so please check it regularly. I will generally check my email daily Monday through Friday. COURSE DESCRIPTION: Financial Accounting: (IAI BUS 904) Financial statements as related to investors, creditors and managers, includes cash, receivables, inventory, noncurrent assets, investments, liabilities and equities. F,S,Su COURSE OBJECTIVES: Construct, interpret and analyze the income statement, balance sheet, stockholder’s equity statement and cash flow statement for service business and merchandising business Construct, interpret and analyze period-end adjustments (accruals and deferrals), periodic and perpetual inventory methods, receivables, cash, long-term assets, liabilities (short-term, long-term and contingent), stockholder’s equity and various financial statement...
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...College of Business Administration ACCY 1-11 – Fundamentals of Financial Accounting SYLLABUS / Fall 2015 PROFESSOR: Behrooz Amini, MBA, MA, CPA OFFICE: TAH-2121 OFFICE HOURS: T/R: 10:45 to 11:30 am, and by appointment OFFICE PHONE: 916-278-7154 (No voice mail available) E-MAIL: amini@csus.edu The most effective and efficient way to communicate. Class Days, Time, and Room T / R, 9-10:15 am, Amador Hall - 152 Course Description: Accounting as the basis of an information system with emphasis on concepts and assumptions underlying data accumulation for financial reports. It includes the concepts of income determination, cash flow position, financial position, and accounting for various types of ownership equities ( a corporation emphasis). Course Objectives: After successfully completing ACCY 1, you should have the basic knowledge and understanding of a company’s (a corporation emphasis) financial and economic resources. You should also be able to analyze and interpret the results of operations, cash flow situation, and the financial position. Prerequisite: Entry Level Math (ELM) test of at least 36, and fair knowledge of Excel. Required Textbook: Financial Accounting, 3nd Edition, Spiceland / Publisher: McGraw Hill (Loose-leaf pages) with Connect+ Access /ISBN#: 9781259757099 • Connect log-in: http://connect.mheducation.com/class/b-amini-accy-1-11_-9-to-1015-am Other free resources ...
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...CHAPTER 6 Inventory Costing ASSIGNMENT CLASSIFICATION TABLE | | |Brief | |Problems |Problems | |Study Objectives |Questions |Exercises |Exercises |Set A |Set B | |1. Describe the steps in determining inventory|1, 2, 3, 4 |1, 2 | 1 | 1 | 1 | |quantities. | | | | | | |Prepare the entries for purchases and sales of |6, 8 | 3 | 2, 10 |2, 8, *9 |2, 8, *9 | |inventory under a periodic inventory system. | | | | | | |3. Determine the cost of goods sold under a | 5, 7, 8 |4, 5 | 3, 4 | 2 | 2 | |periodic inventory system. | | | | | | |4. Identify the unique features of the income |9 | 5, 6 | 5 | 2, 3 | 2, 3 | |statement for a...
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...is a popular sport around the world. With as little as 8 hours of ground instruction, first-time jumpers can be ready to make a solo jump. Without the assistance of oxygen, skydivers can jump from as high as 14,000 feet and reach speeds of more than 100 miles per hour as they fall toward the earth. Jumpers usually open their parachutes between 2000 and 3000 feet and then gradually glide down to their landing area. If the jump and the parachute are handled correctly, the landing can be as gentle as jumping off two steps. Making a jump and floating to earth are only part of the sport of skydiving. For 5 5.1 Factoring Out Common Factors Special Products and Grouping Factoring the Trinomial ax2 bx c with a 1 Factoring the Trinomial ax2 bx c with a 1 Difference and Sum of Cubes and a Strategy Solving Quadratic Equations by Factoring 5.2 Chapter 5.3 5.4 5.5 5.6 example, in an activity called “relative work skydiving,” a team of as many as 920 free-falling skydivers join together to make geometrically shaped formations. In a related exercise called “canopy relative work,” the team members form geometric patterns after their parachutes or canopies have opened. This kind of skydiving takes skill and practice, and teams are not always successful in their attempts. The amount of time a skydiver has for a free fall depends on the height of the jump and how much the skydiver uses the air to slow the fall. In Exercises 85 and 86 of Section 5.6 we find the amount of time that...
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...Operations 4 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 Integers as Exponents Exponents and Scientific Notation Introduction to Polynomials Addition and Subtraction of Polynomials Multiplication of Polynomials Special Products Operations with Polynomials in Several Variables Division of Polynomials Real-World Application Total revenue of NASCAR (National Association of Stock Car Automobile Racing) is expected to be $3423 million by 2006. Convert this number to scientific notation. Source: NASCAR This problem appears as Exercise 64 in Section 4.2. ISBN:0-536-47742-6 Introductory and Intermediate Algebra, Third Edition, by Marvin L.Bittinger and Judith A.Beecher.Published by Addison Wesley. Copyright ©2007 by Pearson Education, Inc. Objectives Tell the meaning of exponential notation. Evaluate exponential expressions with exponents of 0 and 1. Evaluate algebraic expressions containing exponents. Use the product rule to multiply exponential expressions with like bases. Use the quotient rule to divide exponential expressions with like bases. Express an exponential expression involving negative exponents with positive exponents. 4.1 a a a a INTEGERS AS EXPONENTS Exponential Notation An exponent of 2 or greater tells how many times the base is used as a factor. For example, a 4. In this case, the exponent is 4 and the base is a. An expression for a power is called exponential notation. an This is the exponent. This is the base. EXAMPLE 1 What is the...
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...CHAPTER 9 Accounting for Receivables ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives 1. Identify the different types of receivables. Explain how companies recognize accounts receivable. Distinguish between the methods and bases companies use to value accounts receivable. Describe the entries to record the disposition of accounts receivable. Compute the maturity date of and interest on notes receivable. Explain how companies recognize notes receivable. Describe how companies value notes receivable. Describe the entries to record the disposition of notes receivable. Explain the statement presentation and analysis of receivables. Questions 1, 2 Exercises 2. 3 2 1, 2, 14 1A, 3A, 4A, 6A, 7A 1B, 3B, 4B, 6B, 7B 3. 4, 5, 6, 7, 8 3, 4, 5, 6, 7 3, 4, 5, 6 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B 4. 9, 10, 11 8 7, 8, 9, 14 6A, 7A 6B, 7B 5. 12, 13, 14, 15, 16 9, 10 10, 11, 12, 13 6A, 7A 6B, 7B 6. 11 10, 11, 12 7A 7B 7. 7A 7B 8. 17 12, 13 6A, 7A 6B, 7B 9. 18, 19 3, 12 14, 15 1A, 6A 1B, 6B 9-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description 1A 2A 3A 4A 5A 6A 7A 1B 2B 3B 4B 5B 6B 7B Prepare journal entries related to bad debts expense. Compute bad debts amounts. Journalize entries to record transactions related to bad debts. Journalize transactions related to bad debts. Journalize entries to record...
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...CHAPTER 9 Accounting for Receivables ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives 1. Identify the different types of receivables. Explain how companies recognize accounts receivable. Distinguish between the methods and bases companies use to value accounts receivable. Describe the entries to record the disposition of accounts receivable. Compute the maturity date of and interest on notes receivable. Explain how companies recognize notes receivable. Describe how companies value notes receivable. Describe the entries to record the disposition of notes receivable. Explain the statement presentation and analysis of receivables. Questions 1, 2 Exercises 2. 3 2 1, 2, 14 1A, 3A, 4A, 6A, 7A 1B, 3B, 4B, 6B, 7B 3. 4, 5, 6, 7, 8 3, 4, 5, 6, 7 3, 4, 5, 6 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B 4. 9, 10, 11 8 7, 8, 9, 14 6A, 7A 6B, 7B 5. 12, 13, 14, 15, 16 9, 10 10, 11, 12, 13 6A, 7A 6B, 7B 6. 11 10, 11, 12 7A 7B 7. 7A 7B 8. 17 12, 13 6A, 7A 6B, 7B 9. 18, 19 3, 12 14, 15 1A, 6A 1B, 6B 9-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description 1A 2A 3A 4A 5A 6A 7A 1B 2B 3B 4B 5B 6B 7B Prepare journal entries related to bad debts expense. Compute bad debts amounts. Journalize entries to record transactions related to bad debts. Journalize transactions related to bad debts. Journalize entries to record...
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...Course Meeting Day/Time: Monday - 6:00 – 10.00 p.m. Professor Information: Dr. Jones Olajide E-mail: jones.olajide@strayer.edu Phone: 240-217-0141 Welcome, students! I have the privilege of being your Financial Accounting course instructor for this term. I’m excited about the opportunity to get to know you, and I’m looking forward to a happy and productive summer 2014 Quarter. I will always be available to meet with individual student before or after class on Mondays for mini-conferencing. You can also contact me on my above e-mail or phone number outside the official class hour Monday to Friday. Biographical Information: My professional experience includes working as an Accountant in the Nigeria Foreign Ministry, Abuja – Nigeria from 1984 to 2003, during which I served as Finance Attaché to the Nigerian High Commission, London – UK (1989 – 2003), and Nairobi – Kenya (1998 – 2003). I also worked as an Accountant in the Nigeria Federal Ministry of Agriculture & Rural Development, Abuja – Nigeria (2004 – 2007). During the course of my professional career, I have had opportunities to conduct job training for subordinates and staff, and delivered practical tutoring sessions as per the Nigerian government public service norms. I joined Strayer University as Adjunct Instructor Accounting in March 2012, and as a Full-time faculty since spring 2013 quarter. We hope you have a successful spring semester at Strayer University. I look forward...
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...CHAPTER 8 Accounting for Receivables ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises 1. Identify the different types of receivables. 1, 2 1 2. Explain how companies recognize accounts receivable. 3 2 3. Distinguish between the methods and bases companies use to value accounts receivable. 4, 5, 6, 7, 8 3, 4, 5, 6, 7 4. Describe the entries to record the disposition of accounts receivable. 9, 10, 11 5. Compute the maturity date of and interest on notes receivable. 12, 13, 14, 15, 16 6. Explain how companies recognize notes receivable. 7. Describe how companies value notes receivable. 8. Describe the entries to record the disposition of notes receivable. 17 9. Explain the statement presentation and analysis of receivables. 18, 19 Do It! Exercises A Problems B Problems 1, 2 1A, 3A, 4A, 1B, 3B, 4B, 6A, 7A 6B, 7B 1 3, 4, 5, 6 1A, 2A, 3A, 1B, 2B, 3B, 4A, 5A 4B, 5B 8 2 7, 8, 9 6A, 7A 6B, 7B 9, 10 3 10, 11, 12, 13 6A, 7A 6B, 7B 10, 11, 12 7A 7B 7A 7B 11 3 3, 12 12, 13 6A, 7A 6B, 7B 4 14 1A, 6A 1B, 6B Copyright © 2013 John Wiley & Sons, Inc. Weygandt Financial, IFRS, 2/e, Solution’s Manual (For Instructor Use Only) 8-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description 1A 2A Simple 15–20 Compute bad debt amounts. Moderate 20–25 3A Journalize entries to record transactions related to bad debts. Moderate 20–30 4A Journalize transactions related to bad debts. Moderate 20–30...
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...CHAPTER 11 Corporations: Organization, Share Transactions, Dividends, and Retained Earnings ASSIGNMENT CLASSIFICATION TABLE Brief Exercises Do It! Exercises 1, 2, 3, 4, 5, 6 1 1, 2 1, 2 Record the issuance of ordinary shares. 7, 8, 9, 10, 11 2, 3, 4 3 *3. Explain the accounting for treasury shares. 12, 13, 14 5 4 *4. Differentiate preference shares from ordinary shares. 15 6 *5. Prepare the entries for cash dividends and share dividends. 17, 18, 19, 20, 21, 22 7, 8, 9 *6. Identify the items that are reported in a retained earnings statement. 16, 23, 24 Questions *1. Identify the major characteristics of a corporation. *2. 7. Prepare and analyze a comprehensive equity section. *8. Compute book value per share. B Problems 2, 3, 4, 7, 8, 11, 12 1A, 3A, 6A 1B, 3B 5, 7, 9 11, 12 2A, 3A, 6A 2B, 3B 6, 7, 10, 11, 12, 24 1A, 3A, 6A 1B, 3B 5, 6 13, 14, 15, 16, 25 4A, 5A, 7A 4B, 6B 10, 11 7 17, 18 5A 5B, 6B 8 10, 11, 19, 20, 21, 22, 23, 25 1A, 2A, 3A, 4A, 5A, 6A, 7A, 8A 1B, 2B, 3B, 4B, 5B, 6B, 7B Describe the use and content of the statement of changes in equity. *9 A Problems 12 Study Objectives 9A 25, 26 13 23, 24, 25 3A, 8A 3B, 7B *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter...
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...CHAPTER SIX Coordinate Geometry Coordinate geometry is geometry done in the number plane, using algebra. • Points are represented by pairs of numbers, and lines by linear equations. • Circles, parabolas and other curves are represented by non-linear equations. Points, lines and intervals are the main topics of this chapter. 6 A Lengths and Midpoints of Intervals An interval is completely determined by its two endpoints. There are simple formulae for the length of an interval and for the midpoint of an interval. The Distance Formula: The formula for the length of an inter- y val P Q is just Pythagoras’ theorem in different notation. Let P (x1 , y1 ) and Q(x2 , y2 ) be two points in the plane. Construct the right-angled triangle P QA, where A(x2 , y1 ) lies level with P and vertically above or below Q. Then P A = |x2 − x1 | and QA = |y2 − y1 |, and so by Pythagoras’ theorem in P QA, Q(x2,y2) y2 y1 P(x1,y1) x1 A x2 x P Q2 = (x2 − x1 )2 + (y2 − y1 )2 . DISTANCE FORMULA: Let P (x1 , y1 ) and Q(x2 , y2 ) be two points in the plane. Then 1 P Q2 = (x2 − x1 )2 + (y2 − y1 )2 . • First find the square P Q2 of the distance. • Then take the square root to find the distance P Q. WORKED EXERCISE: Find the lengths of the sides AB and AC of the triangle with vertices A(1, −2), B(−4, 2), and C(5, −7), and hence show that ABC is isosceles. SOLUTION: First, AB 2 = (x2 − x1 )2 + (y2 − y1 )2 2 so = − 4 − 1 + 2 − (−2) = (−5)2 +...
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...CHAPTER 14 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference between a merchandising and a manufacturing balance sheet. Identify trends in managerial accounting. Prepare a worksheet and closing entries for a manufacturing company. Questions 1, 2, 3 Do It! 1 Exercises 1 *2. 4, 5, 6, 7, 8 11, 12 2, 3 1 *3. 4, 5, 7 2 2, 3, 4, 5, 6 3, 4, 5, 7, 13 8, 12, 13, 14, 15, 17 1A, 2A 1B, 2B *4. 13 6 2 1A, 2A 1B, 2B *5. 9, 14 3A, 4A, 5A 3B, 4B, 5B *6. 15, 16, 17, 18 8, 10, 11 3 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 14, 15, 16, 17 3A, 4A, 5A 3B, 4B, 5B *7. 10, 19, 20, 21 9 3A, 4A 3B, 4B *8. 22, 23, 24 25, 26 27, 28, 29 12 4 18 *9. 19 6A *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter. Copyright © 2011 John Wiley & Sons, Inc. Kimmel, Accounting, 4/e, Solutions Manual (For Instructor Use Only) 14-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number 1A Difficulty Level Simple Time Allotted (min.) 20–30 Description Classify manufacturing costs into different...
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...Foundations of Analog and Digital Electronic Circuits Solutions to Exercises and Problems Anant Agarwal and Jeffrey H. Lang Department of Electrical Engineering and Computer Science Massachusetts Institute of Technology c 1998 Anant Agarwal and Jeffrey H. Lang July 3, 2005 Chapter 1 The Circuit Abstraction Exercises Exercise 1.1 Quartz heaters are rated according to the average power drawn from a 120 volt AC 60 Hz voltage source. Estimate the resistance (when operating) a 1200 watt quartz heater. NOTE: The voltage waveform for a 120 volt AC 60 Hz waveform is The factor of in the peak amplitude cancels when the average power is computed. One result is that the peak amplitude of the voltage from a 120 volt wall outlet is about 170 volts. Solution: Power watts ; where is average value of sinusoidal voltage, Average value of a sinusoidally oscillating signal is the peak value divided by Therefore Therefore 1 © ¥£ $ ¡ ! 3 © § ¥£¡ ¦QPIHG00F E¨¦¤¢ ¥£ & $ ¡ ! ¦%('%#" ¨¦¤¢ © § ¥£¡ (0 7 0 T § 02@ CA § @ 3 71 § 3 1 ¦D B29865)42§ § S@ § 0)R © (0)§ C D B(0 A § . 2 ANS:: CHAPTER 1. THE CIRCUIT ABSTRACTION Exercise 1.2 a) The battery on your car has a rating stated in ampere-hours which permits you to estimate the length of time a fully charged battery could deliver any particular current before discharge. Approximately how much energy is stored...
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...CHAPTER 10 Plant Assets, Natural Resources, and Intangible Assets ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1, 2 A Problems 1A B Problems 1B Study Objectives 1. Describe how the cost principle applies to plant assets. Explain the concept of depreciation. Compute periodic depreciation using different methods. Describe the procedure for revising periodic depreciation. Distinguish between revenue and capital expenditures, and explain the entries for each. Explain how to account for the disposal of a plant asset. Compute periodic depletion of natural resources. Explain the basic issues related to accounting for intangible assets. Questions 1, 2, 3 Exercises 1, 2, 3 2. 4, 5 4 3. 6, 7, 22 3, 4, 5, 6 5, 6, 7 2A, 3A, 4A, 5A 4A 2B, 3B, 4B, 5B 4B 4. 8 7 8 5. 9, 24 8 6. 10, 11 9, 10 9, 10 5A, 6A 5B, 6B 7. 12, 13 11 11 8. 14, 15, 16, 17, 18, 19 12 12, 13 7A, 8A 7B, 8B 10-1 ASSIGNMENT CLASSIFICATION TABLE (Continued) Brief Exercises 13, 14 A Problems 5A, 7A, 9A B Problems 5B, 7B, 9B Study Objectives 9. Indicate how plant assets, natural resources, and intangible assets are reported. Questions 20, 21, 23 Exercises 14 *10. Explain how to account for the exchange of plant assets. 25, 26 15, 16 15, 16 10-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number 1A 2A 3A 4A 5A Difficulty Level Simple Simple Moderate Moderate Moderate Time Allotted (min.)...
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