Acct 505 - Study guides, Class notes & Summaries

FINAL EXAMINATION QUESTIONS FOR ACCT 505 what should the methods section tell you? - CORRECT ANSWER -who or what was studied, procedures (data collection, analysis methods) and threats to internal and external validity what are the participants? - CORRECT ANSWER -who or what was studied need to include number basic demographic profile how you chose them? include compensation and IRB approval how you are protecting patient confidentiality what is the population? - CORRECT ANSWER -...

Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023 2 separate w-3's - CORRECT ANSWER Form 1096 1 consolidated Form w-3 Form 8279 2 separate w-3's general valuation rule - CORRECT ANSWER actual market value actual cash value general valuation rule implied benefit rule employee - CORRECT ANSWER Independent contractor w-4 exempt employee exempt from FLSA $150 - CORRECT ANSWER $0 $150 $165 $210 written authorization -...

The city has installed sidewalks usinREVISED ACCT 505 QUESTIONS AND ANSWERS Which of the following is not a fiduciary fund? a.) Permanent fund. b.) Private-purpose trust fund. c.) Investment trust fund. d.) Agency fund. - CORRECT ANSWER -A Which of the following is an example of a trust fund? a.) A fund used to account for the collection and distribution of taxes to several local governments. b.) A fund used to distribute scholarships to the children of the city's police officers. c...

ACCT 505 PRACTICE QUIZ 2 Student: ___________________________________________________________________________ 1. Return on investment (ROI) can be decomposed into the asset turnover and the A. gross margin ratio. B. profit margin ratio. C. operating margin ratio. D. contribution margin ratio. 2. How will decreases in the following items affect return on investment (ROI)? A. a B. b C. c D. d 3. The CJP Company produces 10,000 units of item S10 annually at a total cost of $190,000. Th...

ACCT 505 QUIZ 1 WEEK 2 1. Question : Student Answer: (TCO F) For which situation(s) below would an organization be more likely to use a job-order costing system of accumulating product costs rather than a process costing system? A steel factory that processes iron ore into steel bars A factory that processes sugar and other ingredients into black licorice A costume maker that makes specialty costumes for figure skaters All of these Instructor Explanation: Points Received: Chapter 3...

ACCT 505 WEEK 6 QUIZ-2 Grade Details - All Questions 1. Question : Student Answer: (TCO D) A company that has a profit can increase its return on investment by increasing sales revenue and operating expenses by the same dollar amount. increasing average operating assets and operating expenses by the same dollar amount. increasing sales revenue and operating expenses by the same percentage. Instructor Explanation: Points Received: decreasing average operating assets and sales by ...

ACCT 505 FINAL EXAM. Question 1.1. (TCO E) Installing a custom logo on a boat is a(n) (Points : 10) batch-level activity. product-level activity. unit-level activity. organization sustaining activity. Question 2.2. (TCO G) Given the following data, what would ROI be? Sales Net operating income Contribution margin Average operating assets Stockholder's equity $70,000 $10,000 $20,000 $50,000 $25,000 (Points : 10) 28.6% 20.0% 40.0% 50.0% Page 2 Question 1.1. (TCO C) Aziz Cor...

Chapter 03 1. Which of the following is/are not true about a proper journal entry? a. An explanation is needed immediately after each debit and immediately after each credit. b. All credits are indented. c. A debit is never indented, even if a liability or owner's equity account is involved. d. All debits are listed before the first credit. e. In a compound entry, the largest amounts are listed first. ANSWER: POINTS: DIFFICULTY: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARD...

ACCT 505 FEDERAL TAX FINAL EXAM Federal Taxes and Decisions Final Exam – Professor Abner TRUE-FALSE QUESTIONS—CHAPTER 10 1. Terry Trumbull purchased a tract of land. In order to have city water, he had to pay the water company $5,000 to extend the water line to his property. The $5,000 cost is an addition to the basis of the land. TRUE 2. When property that is subject to an existing debt is purchased, the basis of the property is the amount of cash paid initially plus the unpaid deb...

Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023 2 separate w-3's - CORRECT ANSWER Form 1096 1 consolidated Form w-3 Form 8279 2 separate w-3's general valuation rule - CORRECT ANSWER actual market value actual cash value general valuation rule implied benefit rule employee - CORRECT ANSWER Independent contractor w-4 exempt employee exempt from FLSA $150 - CORRECT ANSWER $0 $150 $165 $210 written authorization -...