ACCT 301

  • ACCT 301 All 7 Weeks Discussions

    ACCT 301 All 7 Weeks Discussions

    ACCT 301 All 7 Weeks Discussions Week 2: Internal Controls - Discussion Describe what you think is the most important control activity that a company can implement. Why do you think that the one you chose is the most important?   Q2 Describe...

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  • ACCT 301 Week 1 Homework

    ACCT 301 Week 1 Homework

    ACCT 301 Week 1 Homework Problem 1 Required: Identify the financial statement on which each of the following items appears by making an X in the appropriate column. The first one is done for you! Problem 2 Required: Show the effects...

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  • ACCT 301 Week 2 Homework

    ACCT 301 Week 2 Homework

    ACCT 301 Week 2 Homework 1.In two to three paragraphs, describe the Sarbanes-Oxley Act and why it is important to the accounting profession. (15 points) 2.Name and briefly describe the five components of COSO’s internal control framework.(10...

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  • ACCT 301 Week 2 Quiz

    ACCT 301 Week 2 Quiz

    ACCT 301 Week 2 Quiz1. (TCO 1) Which of thefollowing would not be considered an external user of accounting data for XYZCompany?2. (TCO 1) The cost ofassets consumed or services used is also known as _________.3. (TCO 1) The...

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  • ACCT 301 Week 3 Homework

    ACCT 301 Week 3 Homework

    ACCT 301 Week 3 Homework   Problem 1 Required: Express each income statement component as a percentage of sales, and comment on the trends in each line from 2012 to 2013. Problem 2 Required: Compute (1) accounts receivable turnover for 2013,...

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  • ACCT 301 Week 4 Homework

    ACCT 301 Week 4 Homework

    ACCT 301 Week 4 Homework   Problem 1 Required: Use the following information to complete the below schedule of cost of goods manufactured. Problem 2 Required: JZ is a musician who is considering whether to independently...

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  • ACCT 301 Week 4 Midterm Exam (Set 1)

    ACCT 301 Week 4 Midterm Exam (Set 1)

    ACCT 301 Week 4 Midterm Exam (Set 1) 1.(TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?(Points : 12)   2.(TCO 2) Suppose your company sold $50,000 in...

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  • ACCT 301 Week 4 Midterm Exam (Set 2)

    ACCT 301 Week 4 Midterm Exam (Set 2)

    ACCT 301 Week 4 Midterm Exam (Set 2) 1. (TCO 1) The retained earnings statement shows all of the following except which one? 2. (TCO 1) Management’s views on the company’s short-term debt paying ability, expansion financing, and results of...

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  • ACCT 301 Week 4 Midterm Exam (Set 3)

    ACCT 301 Week 4 Midterm Exam (Set 3)

    ACCT 301 Week 4 Midterm Exam (Set 3) 1. (TCO 5) A company has total fixed costs of $210,000 and a contribution margin ratio of 30%. How much sales are necessary to break even? 2. (TCO 5) How much sales are required to earn a target income of $70,000,...

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  • ACCT 301 Week 5 Homework

    ACCT 301 Week 5 Homework

    ACCT 301 Week 5 Homework   Problem 1 Required: Identify each of the following as either a direct or indirect cost. Problem 2 Required: GH Company is trying to decide whether to replace a current piece of machinery with a new machine...

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  • ACCT 301 Week 6 Homework

    ACCT 301 Week 6 Homework

    ACCT 301 Week 6 Homework   Problem 1 Required: In the space below, describe the advantages of budgeting. Problem 2 Required: Compute the ROI for each division below to two decimal places. (30 points) Which division has the best performance?...

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  • ACCT 301 Week 6 Quiz

    ACCT 301 Week 6 Quiz

    ACCT 301 Week 6 Quiz 1. (TCO 9) Which one of the following stages of the management decision-making process is properly sequenced? 2. (TCO 9) When is incremental analysis most useful? 3. (TCO 9) Which of the following will never be a relevant cost? 4...

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  • ACCT 301 Week 7 Homework

    ACCT 301 Week 7 Homework

    ACCT 301 Week 7 Homework   Problem 1 Required: In the space below, describe the net present value method of capital budgeting. Problem 2 Required: Compute the average annual cash inflows. (20 points)Compute the payback period using the...

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  • ACCT 301 Week 8 Final Exam

    ACCT 301 Week 8 Final Exam

    ACCT 301 Week 8 Final Exam   1.What is the accounting equation? Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? 2. What are the four basic financial statements?...

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