College Assignment: Comprehensive Business and Economic Concepts Assessment

This document assesses key business and economic concepts in a college-level assignment.

Benjamin Fisher

Contributor

4.2

7 months ago

Preview (7 of 20 Pages)

100%

Purchase to unlock

College Assignment: Comprehensive Business and Economic Concepts Assessment - Page 1 preview image

Loading page ...

College Assignment: Comprehensive Business and Economic ConceptsAssessment1) A well-designed activity-based costing system starts with __________.A.analyzing the activities performed to manufacture a productB.assigning manufacturing overhead costs for each activity cost pool to productsC.computing the activity-based overhead rateD.identifying the activity-cost pools2) "Generally accepted" in the phrase generally accepted accounting principlesmeans that the principles __________.A.have been approved for use by the managements of business firmsB.have been approved by the Internal Revenue ServiceC.have substantial authoritative supportD.are proven theories of accounting3) The income statement and balance sheet columns of Pine Company's worksheetreflects the following totals:Income StatementBalance SheetDr.Cr.Dr.Cr.Totals$58,000$48,000$34,000$44,000The net income (or loss) for the period is __________.A.not determinableB.$10,000 lossC.$10,000 incomeD.$48,000 income4) These are selected account balances on December 31, 2008.Land (location of the corporation's office building)$150,000Land (held for future use)225,000Corporate Office Building900,000Inventory300,000Equipment675,000Office Furniture150,000Accumulated Depreciation450,000What is the net amount of property, plant, and equipment that will appear on thebalance sheet?A.$1,425,000B.$1,950,000C.$2,400,000D.$1,650,000

Preview Mode

This document has 20 pages. Sign in to access the full document!

Report

Study Now!

XY-Copilot AI

Unlimited Access

Secure Payment

Instant Access

24/7 Support

Document Chat

Document Details

Subject

Business Management

Related Documents

View all

Solved Assignments

CIS 337 Unit 7 Assignment Final Project Part IV Pr

CIS 337 final project presentation for stakeholders outlining a WAN proposal for a growing organization. Covers network planning, topology, security, and connectivity to support national and international expansion.

Class Notes

Analysis of Leadership in Monster Inc

In Monsters, Inc., leaders reflect Path-Goal Theory: Sulley shifts from supportive to achievement-oriented, while Waternoose is directive—each showing strengths, flaws, and growth paths.

Class Presentation

Evaluation of Alphabet's Mission, Vision, and 8-29

Alphabet Inc.'s mission is to organize the world's information and make it universally accessible and useful . Their vision is to create a future where technology improves lives and solves global challenges.

Class Notes

Boundless Management

Global corporations (MNCs) operate in multiple countries, using economies of scale and scope to grow revenue and cut costs. They face challenges like ethics and leadership while targeting fast-growing markets such as China and India.

Solved Assignments

Uncovering the Martha Stewart Tax Scandal Insider

Summary of Martha Stewart's insider trading and tax evasion scandal involving ImClone stock in 2001. She was convicted of conspiracy, obstruction, lying, and failing to pay \$220K in taxes on her NY home.

Class Notes

Boundless Business

Learn about the three key management levels—top, middle, and low—in a business hierarchy. Understand their roles, responsibilities, and how they work together to lead, plan, and supervise within an organization.

Solved Assignments

JetBlue Airlines Case Analysis

JetBlue Airlines case study analyzing market forces, competition, and strategy using Mullin's framework, Porter's Five Forces, PESTEL, VRIO, and Business Model Canvas for strategic insights.

Class Notes

Effective Speaker Notes Template for BUS 210 Prese

Presentation outlines SNHU Pet Supply’s mission to provide quality pet products and emphasizes informal leadership to foster a positive work environment and achieve company goals.

Class Notes

Leading as a Function of Management

Explore the essential management function of leading—learn how motivation, communication, decision-making, and coaching drive team success and organizational growth through effective leadership strategies.

Class Notes

McDonald's Q4 Earnings U

McDonald's U.S. sales fell 1.4% in Q4 due to lower customer spending and an E. coli outbreak. Despite this, strong international performance and global expansion plans lifted shares 4.8%, making McDonald's the top Dow performer on the day.