...LECTURE 3 ANALYSIS OF FINANCIAL STATEMENTS (Difficulty: E = Easy, M = Medium, and T = Tough) True-False Easy: Ratio analysis Answer: a Diff: E [i]. Ratio analysis involves a comparison of the relationships between financial statement accounts so as to analyze the financial position and strength of a firm. a. True b. False Liquidity ratios Answer: b Diff: E [ii]. The current ratio and inventory turnover ratio measure the liquidity of a firm. The current ratio measures the relationship of a firm's current assets to its current liabilities and the inventory turnover ratio measures how rapidly a firm turns its inventory back into a "quick" asset or cash. a. True b. False Current ratio Answer: b Diff: E [iii]. If a firm has high current and quick ratios, this is always a good indication that a firm is managing its liquidity position well. a. True b. False Asset management ratios Answer: a Diff: E [iv]. The inventory turnover ratio and days sales outstanding (DSO) are two ratios that can be used to assess how effectively the firm is managing its assets in consideration of current and projected operating levels. a. True b. False Inventory turnover ratio Answer: b Diff: E [v]. A decline in the inventory turnover ratio suggests that the firm's liquidity position is improving. a. True b. False Debt management ratios Answer: a Diff: E [vi]. The degree...
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...OPERATIONS MANAGEMENT TESTBANK CHAPTER 1: Introduction to Operations Management TRUE /FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizations, including service firms such as banks and hospitals, have a production function. True (What is operations management? moderate) 4. Operations management is the set of activities that create value in the form of goods and services by transforming inputs into outputs. True (What is operations management? easy) 5. An example of a "hidden" production function is money transfers at banks. True (What is operations management? moderate) 6. One reason to study operations management is to learn how people organize themselves for productive enterprise. True (Why study OM, easy) 7. The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function. True (What operations managers do, easy) 8. "How much inventory of this item should we have?" is within the critical decision area of managing quality. False (What operations managers do, easy) 9. In order to have a career in operations management, one must have a degree in statistics or quantitative methods. False (What operations managers do, easy)...
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...CHAPTER 1 THE CANADIAN FINANCIAL REPORTING ENVIRONMENT Multiple Choice—Conceptual Answer No. Description d 1. Accounting characteristics. a 2. Nature of financial accounting. c 3. Definition of financial accounting. a 4. Financial reporting entity. d 5. Efficient use of resources. d 6. Capital allocation process. c 7. Assessing management stewardship. c 8. Objectives of financial reporting. a 9. Role of AcSB. c 10. Body responsible for setting GAAP. b 11. Preparation of biased information. d 12. Parties instrumental in development of reporting standards. d 13. Stakeholders in the financial reporting environment.. a 14. “Due process”. d 15. Causes of subprime lending crisis. d 16. Management bias. b 17. Adoption of IFRS. c 18. Role of OSC. d 19. Definition of GAAP. b 20. Changing nature of the economy. d 21. Exercise of professional judgement. c 22. Major factors in the reporting environment. a 23. Impact of technology on financial reporting. b 24. Nature of the “Balanced Scorecard”. a 25. Responsibility for financial statements. d 26. GAAP for private enterprises. d 27. Reporting principles b 28. SOX. a 29 AcSB’s standard setting process Exercises Item Description E1-30 Objectives of financial reporting. E1-31 Role of securities commissions and stock exchanges. E1-32 User needs. E1-33 Sources of GAAP. E1-34 Standard Setting. E1-35 Challenges facing financial reporting. E1-36...
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...CHAPTER 19 Multiple Choice 19-1: d. Direct exchange rate: December 1 1 ÷ 2.22 yen = P 0.45 December 31 1 ÷ 2.70 yen = 0.37 Decrease in forex rate P 0.08 Forex gain (200,000 yen x P0.08) P16,000 19-2: c. Forex rate, December 1 P 0.45 Forex rate, December 31 0.47 Increase in forex rate P 0.02 Forex gain (1,500,000 yen x P0.02) P 30,000 19-3: d. September 30: Forex rate, September 1 P 5.61 Forex rate, September 30 5.59 Decrease in forex rate P 0.02 Forex gain (200,000 hkg.$ x P0.02) P 4,000 December 31: Forex rate, October 1 P 5.59 Forex rate, December 30 5.62 Increase in forex rate P 0.03 Forex loss (200,000 hkg.$ x P0.03) P(6,000) 19-4: b. Forex loss on importation of merchandise: Peso equivalent, January 10, 2004 P 600,000 Peso equivalent, April 20, 2004 608,000 Forex loss (increase) P (8,000) Forex loss on notes payable: Peso equivalent, September 1, 2004 P 3,000,000 Peso equivalent, December 31, 2004 3,200,000 Forex loss on principal P (200,000) Add: Forex loss on interest Based on P 3,2000,000 P 120,000 Based on P 300,000,000 (P3,000,000x10%x4/12) 100,000 20,000 Forex loss P (220,000) Total forex loss (P 8,000 + P220,000) P (228,000) 19-5: a. Direct...
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...LESSON NOTES - WEEK 13 Disability Management and Return to Work This week will focus on Chapter 13 (Disability Management and Return to Work). Helping disabled employees return to work is an important aspect of any Health and Safety Program. Good programs help motivate employees, provide security in the workplace and can be a large cost-savings for employers. Related topics and issues will be discussed in this week's chapter reading. ------------------------------------------------- LEARNING OUTCOMES * Understand the direct and indirect costs of employee replacement * Understand the legal requirements of the duty to accommodate disabled workers to the point of undue hardship * Understanding the methods to accommodate employees and facilitate their return to work ------------------------------------------------- REQUIRED READINGS FROM TEXTBOOK Read Chapter 13 – Disability Management and Return to Work ------------------------------------------------- PRACTICE ACTIVITIES (not included in final grade) Go to the following web site: http://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=0176502483&template=NELSTU Use drop-down at the top of page to choose the appropriate chapter for the practice quiz, then click on the 'test yourself' link in the left margin to begin. Please Note: Even though this companion site is officially for the 5th edition of the text-book, the material between these editions is almost identical in most...
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...Chapter 1—Strategic Management and Strategic Competitiveness TRUE/FALSE 1. The Opening Case shows that McDonald’s is one of the few firms able to achieve strategic competitiveness from its founding until the present time. ANS: F PTS: 1 DIF: Medium OBJ: 01-01 TYPE: application NOT: AACSB: Multicultural & Diversity | Management: Environmental Influence | Dierdorff & Rubin: Managing strategy and innovation 2. By focusing on product innovations and upgrades of its properties, McDonald’s was able to achieve strategic competitiveness and above average returns. ANS: T PTS: 1 DIF: Medium OBJ: 01-01 TYPE: application NOT: AACSB: Business Knowledge and Analytical Skills | Management: Strategy| Dierdorff & Rubin: Managing strategy and innovation 3. Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy. ANS: T PTS: 1 DIF: Easy OBJ: 01-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Rubin: Managing strategy & innovation 4. Part of McDonald’s strategy was the choice that it would remain involved in additional food concepts such as Boston Market and Chipotle. ANS: T PTS: 1 DIF: Easy OBJ: 01-01 TYPE: application NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Rubin: Managing strategy & innovation 5. Alligator Enterprises has earned above-average returns since its founding five years ago. Since no other firm has challenged Alligator in...
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...The appearance of sacred reality in human form is called incarnation The rare quality of personal magnetism often ascribed to founders of religion is charisma Those who claim they worship the only true deity are known as exclusivists The psychologist Carl Jung proposed that the reason there are similarities among symbols in different cultures is because humanity has a collective unconscious from which it draws symbols Scientific materialism asserts that only the material world exists The Gaia Theory proposes the earth is a complex, self-regulating organism The psychoanalyst Sigmund Freud argued that religion is a universal obsessional neurosis Symbolic stories which communities use to explain the universe and their place within it are known as myth The word religion probably means to tie back or tie again The belief that sacred reality is one underlying substance is known as monoism Approximately how old are shamanic methods estimated to be? 20,000-30,000 years When indigenous ways were threatened with repression, many of the traditions were practiced in secret In the eternal "Dream Time" there is no male female differentiation The religious term that means a model of the origins of the universe is cosmogony In most native cultures, spiritual ways are shared through rituals of altered consciousness Some West African groups recognize a great pantheon of deities known as the Orisa The Dahomey tradition from West Africa was carried to Haiti by thousands of African...
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...CHAPTER 11 DEPRECIATION, IMPAIRMENTS, AND DEPLETION IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description T 1. Nature of depreciation. F 2. Nature of depreciation. T 3. Depreciation, depletion, and amortization. T 4. Definition of depreciation base. F 5. Factors involved in depreciation process. F 6. Definition of inadequacy. T 7. Objection to straight-line method. F 8. Units-of-production approach. F 9. Accelerated depreciation method. T 10. Declining-balance method. T 11. Group or composite approach. F 12. Use of the composite approach. T 13. Accounting for changes in estimates. F 14. Computation of impairment loss amount. T 15. First step in determining an impairment. T 16. Reporting impaired assets held for disposal. F 17. Method used to compute depletion. T 18. Costs included in depletion base. F 19. Computing asset turnover ratio. T 20 Profit margin on sales ratio. Multiple Choice—Conceptual Answer No. Description d 21. Knowledge of depreciation accounting. b 22. Conceptual rationale for depreciation accounting. c 23. Depreciation and retaining funds. b S24. Definition of depreciation. a S25. Service life vs. physical life. a P26. Definition of depreciable cost. d 27. Economic factors affecting useful service life. d 28. Factors involved in computing depreciation. d 29. Straight-line method assumption. a 30. Activity method of depreciation. ...
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...Chapter 01 Introduction to International Accounting Multiple Choice Questions 1. Which of the following groups is a supranational organization? A) United Nations B) Organization for Economic Cooperation and Development C) International Federation of Accountants D) All of the above Answer: D Level: Easy LO: 1 2. Determination of net present value involves: A) forecasting future profits and cash flows. B) discounting future cash flows back to their present value. C) analysis on an after-tax basis. D) All of the above Answer: D Level: Medium LO: 1 3. International accounting can be defined in terms of which the following levels? A) Supranational organizations B) Company C) Country D) All of the above Answer: D Level: Easy LO: 1 4. The factor used to convert from one country's currency to another country's currency is called the: A) Interest rate. B) Cost of capital. C) Exchange rate. D) Strike price. Answer: C Level: Easy LO: 2 5. What is the term used to describe the possibility that a foreign currency will decrease in US $ value over the life of an asset such as Accounts Receivable? A) foreign exchange translation B) foreign exchange risk C) hedging ...
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...CHAPTER 1—THE INVESTMENT SETTING TRUE/FALSE 1. The rate of exchange between certain future dollars and certain current dollars is known as the pure rate of interest. ANS: T PTS: 1 2. An investment is the current commitment of dollars over time to derive future payments to compensate the investor for the time funds are committed, the expected rate of inflation and the uncertainty of future payments. ANS: T PTS: 1 3. The holding period return (HPR) is equal to the holding period yield (HPY) stated as a percentage. ANS: F PTS: 1 4. The geometric mean of a series of returns is always larger than the arithmetic mean and the difference increases with the volatility of the series. ANS: F PTS: 1 5. The expected return is the average of all possible returns. ANS: F PTS: 1 6. Two measures of the risk premium are the standard deviation and the variance. ANS: F PTS: 1 7. The variance of expected returns is equal to the square root of the expected returns. ANS: F PTS: 1 8. The coefficient of variation is the expected return divided by the standard deviation of the expected return. ANS: F PTS: 1 9. Nominal rates are averages of all possible real rates. ANS: F PTS: 1 10. The risk premium is a function of the volatility of operating earnings, sales volatility and inflation. ANS: F PTS: 1 11. An individual who selects the investment that offers greater certainty when everything else is the same is known as a risk averse...
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...Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 2 Financial Institutions, Financial Intermediaries, and Asset Management Firms Multiple Choice Questions 1 Financial Institutions 1) Financial enterprises, more popularly referred to as financial institutions, provide a variety of services. Which of the below is NOT one of these? A) Transform financial assets acquired through the market and constituting them into a different, and more widely preferable, type of asset–which becomes their liability. B) Exchange financial assets on behalf of customers but not for their own accounts. C) Manage the portfolios of other market participants. D) Assist in the creation of financial assets for their customers, and then sell those financial assets to other market participants. Answer: B Comment: Financial enterprises exchange financial assets both on behalf of customers and for their own accounts. Diff: 2 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 2) Financial intermediaries include ________ that acquire the bulk of their funds by offering their liabilities to the public mostly in the form of deposits; insurance companies, pension funds, and finance companies. A) depository institutions B) utilities C) initial public offerings D) preferred equity instrument. Answer: A Diff: 1 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 3)...
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...Testbank for Management of a Sales Force 12th Edition by Spiro ISBN 007352977X 9780073529776 Go to download Testbank for Management of a Sales Force 12th Edition by Spiro ISBN 007352977X 9780073529776 ISBN-10:007352977X ISBN-13:9780073529776 THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Official Test Bank in e-version INSTANT DOWNLOAD - The test bank is what most professors use as a template when making exams for their students, which means there’s a very high chance that you will see the exact questions in the tests! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours, most of the time within 30mins. We also faced similar difficulties when we were students, and we understand how you feel. But now, with the Official Test Bank, you will be able to * Anticipate the type of the questions that will appear in your exam. * Know the correct answers to those questions. * Reduce the hassle and stress of your student life. * Improve your studying and get a better grade! * Get prepared for examination questions. * Save you time and help you understand the material. This is the authentic testbank that is designed for your specific textbook. Delivery is made immediately via digital download so there is no waiting...
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...Testbank for Strategic Management Concepts and Cases Competitiveness and Globalization 9th Edition by Hitt ISBN 1439042306 9781439042304 Go to download Testbank for Strategic Management Concepts and Cases Competitiveness and Globalization 9th Edition by Hitt ISBN 1439042306 9781439042304 ISBN-10:1439042306 ISBN-13:9781439042304 THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Official Test Bank in e-version INSTANT DOWNLOAD - The test bank is what most professors use as a template when making exams for their students, which means there’s a very high chance that you will see the exact questions in the tests! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours, most of the time within 30mins. We also faced similar difficulties when we were students, and we understand how you feel. But now, with the Official Test Bank, you will be able to * Anticipate the type of the questions that will appear in your exam. * Know the correct answers to those questions. * Reduce the hassle and stress of your student life. * Improve your studying and get a better grade! * Get prepared for examination questions. * Save you time and help you understand the material. This is the authentic testbank that is designed...
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...Organizational Theory, Design, and Change Jones 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/organizational-theory-d esign-and-change_18.html ----------------------------------------------------------------------Organizational Organizational Organizational Organizational Theory, Theory, Theory, Theory, Design, Design, Design, Design, and and and and Change Change Change Change Jones Jones Jones Jones 6th 6th 6th 6th Edition Edition Edition Edition Test Test Test Test Bank Bank Bank Bank -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Test Bank in e-version of the following book*** Name: Organizational Theory, Design, and Change Author: Jones Edition: 6th ISBN-10: 0136087310 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your...
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...Lecturer Testbank Chapter 2 1. ‘Rigor’ related to scientific investigation refers amongst others to: a. The probability that our estimations are correct. b. The idea that a simple model that explains a certain phenomenon has preference over a complex model. c. The fact that findings are generalizable. *d. The fact that an investigation has a clear theoretical foundation. 2. Confidence as a characteristic of scientific investigation refers to: *a. The probability that our estimations are correct. b. The idea that a simple model that explains a certain phenomenon has preference over a complex model. c. The fact that findings are generalizable. d. The fact that an investigation has a clear theoretical foundation. 3. A researcher who observed separate phenomena and on this basis attempts to arrive at general conclusions, works inductively. *a. T b. F 4. Logically speaking inductive research comes first (before deductive research) *a. T b. F 5. A manager observes that higher prices lead to more sales. The results of a focus group point out that consumers use price as an indicator for quality. This is an example of deductive research. a. T *b. F 6. Scientific investigation is characterized by a good theoretical base and a sound methodological design. These characteristics are both related to the of the investigation. What must be filled on the line? *a. Rigor. b. Precision and confidence. c. Objectivity. ...
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