...signature to process your claim however you must send a copy to WGU. You can now print out forms you have submitted to the VA electronically. After logging in to VONAPP, forms you previously submitted within the last year will appear in a list called Completed Forms. Find the one you want and click print. Send a copy of your completed form to the WGU VA Department. You may send it by regular mail to: 4001 S 700 E Suite 700, SLC, UT 84104 ATTN: VA, or email to va@wgu.edu or fax to 1-801-880-9401. ➢ Arrange for payment of tuition: WGU is pleased to offer our VA students a 6-month installment agreement that allows you to make monthly payments on your account. Payments are due on the 1st day of each month of your term. Please contact Chris Noonan in the Bursar’s Department...
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...D) none of the above Answer: A Diff: 1 Terms: activity-based costing (ABC) Objective: 1 AACSB: Reflective thinking 2) Overcosting a particular product may result in: A) loss of market share B) pricing the product too low C) operating efficiencies D) understating total product costs Answer: A Diff: 2 Terms: product undercosting Objective: 1 AACSB: Analytical skills 3) Undercosting of a product is most likely to result from: A) misallocating direct labor costs B) underpricing the product C) overcosting another product D) overstating total product costs Answer: C Diff: 2 Terms: product overcosting Objective: 1 AACSB: Reflective thinking 4) A company produces three products; if one product is overcosted then: A) one product is undercosted B) one or two products are undercosted C) two products are undercosted D) no products are undercosted Answer: B Diff: 1 Terms: product-cost cross-subsidization Objective: 1 AACSB: Ethical reasoning 1 Copyright 2012 Pearson Education, Inc. 5) Misleading cost numbers are most likely the result of misallocating: A) direct material costs B) direct manufacturing labor costs C) indirect costs D) All of these answers are correct. Answer: C Diff: 2 Terms: activity-based costing (ABC) Objective: 1 AACSB: Reflective thinking 6) An accelerated need for refined cost systems is due to: A) global monopolies B) rising prices C) intense competition D) a shift toward increased direct costs Answer: C Diff: 2 Terms: activity-based costing (ABC) Objective:...
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... Ship Status 32 Ship CRU situation last year: TABLE 1: process flow data | | | | | | | | | | | | | | | | | | | | Customer | Receiving | Status 24 | Status 40 | Stored orders | Suppliers | Status 41 | Status 42 | Status 20 | | (rented units) | (received units) | | | | | | | | | | | | | | | | | | Thoughput | 1,000 | 1,000 | 700 | 405 | 405 | 405 | 405 | 405 | 1,000 | (units/week) | | | | | | | | | | | | | | | | | | | | Inventory | 8,000 | 500 | 1,500 | 1,000 | 500 | 405 | 905 | 500 | 2,000 | (units) | | | | | | | | | | | | | | | | | | | | Flow time | 8.00 | 0.50 | 2.14 | 2.47 | 1.23 | 1.00 | 2.23 | 1.23 | 2.00 | (weeks) | | | | | | | | | | | Customer term = 8 weeks, Demand = 1000 units/week | | | | | | | Number in black are given and number in red are calculated using Little's Law | | | | | | | | | | | | | | * Number of units on rent = 8,000 * Total number of Units owned by CRU (total inventory) = 14,405 * Utilization achieved= 8000/14,405 = 55.5% * Average time spent by a unit in each buffer is the average flow time per buffer calculated in the table 1 * Revenue per week = 8000 x $30 = $240,000 * Variable cost per week = $25 x 1,000 + $25 x 1,000 + $4 x 700 x 0.85 + $150 x 405 = $113,130 * Contribution margin per week = $240,000 - $113,130...
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...how to use the library to search for resources related to topics covered in your Academic and Professional Success course. Below, you’ll find links to step-by-step research instructions for each unit of UNIV103. You’ll also find suggested keywords to try when searching for information related to each assignment. To find these detailed, unit-specific suggestions, click any of the below links, or use the table of contents on the left side of the screen. Click here for Unit 1 Click here for Unit 2 Click here for Unit 3 Click here for Unit 4 Click here for Unit 5 Click here for resource to help develop your writing skills Click here for Library contact information Updated 8/1/2011 AIU Online Library librarian@aiuonline.edu Page 2 of 26 Unit 1 How to find e-books on e-mail etiquette: Try searching Safari Books Online, which is an e-book collection available to you from the library’s Find Articles and Books page. To get to Safari Books Online, follow these steps: From the Virtual Campus, click the Library tab to access the library homepage. Click the Find Articles and Books button on the center of the library page. When the new page loads, scroll through the alphabetical list of databases until you see the link for Safari Books Online. Updated 8/1/2011 AIU Online Library librarian@aiuonline.edu Page 3 of 26 To enter the e-book database, click directly on the title, Safari Books Online. Click directly on the words Safari...
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...a y W edn e sda y T hursd a y Fri da y S atu rd a y 1 New Year’s Day 2 3 4 5 6 7 8 JANUARY 2011 9 10 11 12 13 14 15 16 17 18 19 20 Thaipusam * 21 22 23 24 Supplementary and special (deferred) examinations commence. 25 ^^ Lectures end. 26 27 28 Supplementary and special (deferred) examinations conclude. 29 30 31 ^^ Swot Vac begins. * Semester Begins/Ends Examination period begins Subject to change Important Dates Mid-Term Break Public Holiday ^^ August Cohort Sun da y M onda y 1 T uesd a y 2 W edn e sda y T hursd a y 3 Chinese New Year * Fri da y 4 Chinese New Year * ^^ Swot Vac ends. S atu rd a y 5 6 7 Summer semester examinations commence. ^^ Examination begins. 8 9 ^^ Examination ends. 10 Summer semester examinations conclude. 11 Last day to add semester one or fullyear off-campus learning units without risk of late enrolment penalty. 12 FEBRUARY 2011 13 14 15 Prophet Muhammad’s Birthday 16 17 18 19 20 21 Orientation week commences (all new students). * 22 23 24 25 Orientation week concludes. * 26 27 28 Semester one teaching period commences. * Semester Begins/Ends Examination period begins Subject to change Important Dates Mid-Term Break Public Holiday ^^ August Cohort Sun da y M onda y 1 T uesd a y 2 W edn e sda y T hursd...
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...Exchange and Demand Individuals engage in four fundamental activities which reduce the burden of scarcity: exchange, production, specialization, and entrepreneurial activity. Markets and prices facilitate these activities and these activities form the basis of market activity which we study using supply and demand analysis. We will examine voluntary exchange along with a detailed development of the demand curve. We will also, see exactly how pure exchange reduces the burden of scarcity. I. Introduction We will see that the demand curve is the result of individuals making choices constrained by scarcity. Individuals are assumed to be rational, that is, to make choices which maximize their utility, where utility is defined as the want-satisfying ability of the goods consumed. A rational individual chooses from among the possible combinations of goods, that particular combination which maximizes her utility—that which makes her as well-off as possible. The possible combinations from which the individual can choose are limited because of scarcity. In a market economy the individual confronts scarcity in the form of prices, the fact that time is scarce and in the form of limited quantities of goods he or she owns which can be sold to buy other goods. Prices here are the prices of the goods the individual buys and sells, and they include not just prices of consumption goods but also wages, interest, rents, and profits. For most of us the primary good we sell is our labor services,...
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...exercises Exercise 8-1 Perpetual and periodic inventory systems compared ( LO8-1 Text: E 8-4 The following information is available for the Kleinschmidt Corporation for 2013: Beginning inventory $112,000 Merchandise purchases (on account) 265,000 Freight charges on purchases (on account) 16,000 Merchandise returned to supplier (for credit) 6,000 Ending inventory 123,000 Sales (on account) 350,000 Cost of merchandise sold 264,000 Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. [pic] [pic] Exercise 8-2 Goods in transit; consignment ( LO8-2 Text: E 8-7 The December 31, 2013, year-end inventory balance of the Delphi Printing Company is $317,000. You have been asked to review the following transactions to determine if they have been correctly recorded. 1. Materials purchased from a supplier and shipped to Delphi f.o.b. destination on December 28, 2013, were received on January 2, 2014. The invoice cost of $50,000 is not included in the preliminary inventory balance. 2. At year-end, Delphi had $12,000 of merchandise on consignment from the Harvey Company. This merchandise is included in the preliminary inventory balance. 3. On December 29, merchandise costing $17,000 was shipped to a customer f.o.b. shipping point and arrived at the customer’s...
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...non-liquidating aggregate stock of current assets will be | | |necessary to allow for floor displays, multiple items for selection, and other purposes. All of these “asset” | | |investments can drain the cash resources of the firm. | | | | |6-2. |Discuss the relative volatility of short- and long-term interest rates. | | | | | |Figure 6-10 shows the long-run view of short- and long-term interest rates. Normally, short-term rates are much more | | |volatile than long-term rates. | | | | |6-3. |What is the significance to working capital management of matching sales and production? | |...
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...graph to answer the following: a. How can the function ( ) = 2 + 2 be written in terms of the function ? ( ) = ( ) + 2 b. Is the new function changing the inputs or the outputs of the original function ? It is changing the ‘outputs’. c. Make a table and graph the function . (Keep the same input values as function f on previous page.) Plot the points for function g from the table. The graph will be ‘shifted up’ 2 units from the graph of f g(x) as seen below. Inputs -2 -1 0 1 2 Outputs ( ) 6 3 2 3 6 How has function f been transformed to create function g? It has been shifted vertically upward 2 units. d. How can the function ℎ( ) = 2 − 2 be written in terms of the function ? ℎ( ) = ( ) − 2 e. Is the new function ℎ changing the inputs or the outputs of the original function ? It is changing the ‘outputs’. f. Make a table and graph the function ℎ. (Keep the same input values.) Plot these points on the graph at the right. The new graph will be ‘shifted down’ 2 units from the original graph of f shown. Inputs -2 -1 0 1 2 Outputs ℎ( ) 2 -1 -2 -1 2 How has function f been transformed to create function h? It has been shifted vertically downward 2 units. 2 Example 2: Use the original function , its table and graph (on page 1 and below) to answer the following: a. write the function ( ) = ( + 2)2 in terms of the function ? ( ) = ( + 2)...
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...Preliminary Test of Cost Accounting Knowledge--Does not affect your grade! Name___________________________________ Mark one letter for each question response. Note that in some cases there are options like ʺD) Both A and C are correct.ʺ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Cost objects include: A) customers C) products B) departments D) All of these answers are correct. 2) Cost tracing is: A) the process of tracking both direct and indirect costs associated with a cost object B) a function of cost allocation C) the assignment of direct costs to the chosen cost object D) the process of determining the actual cost of the cost object 3) Cost allocation is: A) the assignment of indirect costs to the chosen cost object B) the process of determining the actual cost of the cost object C) the process of tracking both direct and indirect costs associated with a cost object D) a function of cost tracing 4) A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of direct costs for the golf equipment line are: A) monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver B) utilities paid for the manufacturing plant C) beverages provided daily in the plant break room D) salaries of the clerical staff that work in the company administrative offices 5) All of the following are true EXCEPT that indirect costs: A) may be included in prime costs...
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... profitability continued to decline and was in fact worse than 1996. Richard had scheduled a meeting with his Vice Presidents for sales and operations and was wondering how to proceed. He had asked them to come prepared with data for the meeting. Background CRU is one of two national computer rental companies. It was started in 1990 and has seen its business grow rapidly. CRU purchases CPUs, monitors, printers and other peripherals and rents them out for long term leases as well as short term rentals. Duration of leases range from 1 day to 2 years in some cases. CRU’s 1996 revenues totaled about $15 million. The majority of CRU’s customers fit into one of the following categories: • large corporate accounts that want to stay on the cutting edge of technology and replace their machines every year and thus lease for that duration, • consulting firms and smaller business customers requiring a computer for the medium term, typically 2 to 4 months, • participants in trade shows who require a short term rental for the duration of the show. Customers expect short lead times in this business (typically one to two days) and place a high value on quick, accurate delivery and installation. All firms in the computer rental business worked hard to ensure quick response. The set of items that CRU carries in inventory is primarily driven by customer demand. CRU tries to be very customer sensitive and often purchases machines requested by good customers, even if they are...
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...Name Financial Accounting Instructor Kimmel, Weygandt, & Kieso Section # Date |Part |I |II |III |IV |V |Total | |Points |45 |25 |12 |10 |8 |100 | |Score | | | | | | | PART I — MULTIPLE CHOICE (45 points) Instructions Designate the best answer for each of the following questions. ____ 1. When a customer returns goods for credit, the seller should a. credit Accounts Payable. b. credit Accounts Payable. c. debit Accounts Receivable. d. credit Merchandise Inventory ____ 2. Credit terms of 3/10, n/30 mean that a(n) a. 10% cash discount may be taken if payment is made immediately; a 3% discount if paid within 30 days. b. 3% cash discount may be taken if payment is made within 10 days of the invoice date; otherwise the full amount is due within 30 days. c. 3% cash discount may be taken if payment is made within 10 days of the invoice date; otherwise the full amount is due at the end of the month. d. additional amount equal to 3% of the invoice price must be paid if payment is not received within 10 days; the account is overdue after 30 days. ____ 3. A periodic inventory system a. allows for the determination of cost of goods sold after each sale...
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...Brief Exercise 8-3 December 31 inventory per physical count | | $298,500 | Goods-in-transit purchased FOB shipping point | | 25,910 | Goods-in-transit sold FOB destination | | 22,710 | December 31 inventory | | $347,120 | ------------------------------------------------- Brief Exercise 8-6 April 23 | = | 312 x $20 | = | $6,240 | April 15 | = | 39 x $19 | = | 741 | Ending inventory | | | | $6,981 | | | | | | Cost of goods available for sale | | | | $17,419 | Deduct ending inventory | | | | 6,981 | Cost of goods sold | | | | $10,438 | ------------------------------------------------- ------------------------------------------------- Top of Form Brief Exercise 8-7 April 1 | = | 327 x $12 | = | $3,924 | April 15 | = | 192 x $14 | = | 2,688 | Ending inventory | | | | $6,612 | | | | | | Cost of goods available for sale | | | | $14,158 | Deduct ending inventory | | | | 6,612 | Cost of goods sold | | | | $7,546 | Bottom of Form ------------------------------------------------- Exercise 8-4 Bradford Machine Company maintains a general ledger account for each class of inventory, debiting such accounts for increases during the period and crediting them for decreases. The transactions below relate to the Raw Materials inventory account, which is debited for materials purchased and credited for materials requisitioned for use. 1. | | An invoice for $9,380, terms f.o.b. destination...
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...stable earnings growth of 8% a year for the past 10 years and in 2013 Boehm paid dividends of $2.6 million on net income of $9.8 million. However, in 2014 earnings are expected to jump to $12.6 million, and Boehm plans to invest $7.3 million in a plant expansion. This one- time unusual earnings growth won’t be maintained, though, and after 2014 Boehm will return to its previous 8% earnings growth rate. Its target debt ratio is 35%. Calculate Boehm’s total dividends for 2014 under each of the following policies: Growth rate Net Income Dividend Dividend/Net Income Ratio Dividend/Net Income % 8% 2013 $9.8 $2.6 0.265306 26.5306% 2014 $10.584 $2.808 2014 $12.600 $3.34 QUESTION #1: Calculate Boehm’s total dividends for 2014 if its 2014 dividend payment is set to force dividends to grow at the long-run growth rate in earnings. Step 1: Find the dividend / net income ratio for 2013 Dividend/ Net Income Ratio = Dividend 2013 / Net Income2013 = $2.6 million / $9.8 million = 0.265306 Dividend/Net Income Ratio = 26.5306 % **The dividend/net income ratio will be used as the rate for the projection of dividends Step 2: Calculate the 2014 projected net income using the long-run growth rate for Boehm, which is at 8%. Net Income Projected 2014 @ 8% = Net Income 2013 + (Net Income2013) (Growth Rate) = $9.8 million + ($9.8 million) (0.08) DIVIDENDS, CAPITAL STRUCTURES DECISIONS 3 Net Income Net Income Projected 2014 @ 8% = $10.584 million Step 3:...
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...Subject Code: 3DSI Access to Higher Education Diploma Syllabus and Unit Specification SOCIAL ISSUES IN HEALTH CARE LEVEL 3 CREDIT VALUE: 21 Credits at Level 3. RATIONALE The Access to HE Diploma is aimed at anyone who would like to progress to University but does not have the relevant qualifications to enter. Usually these are people who have had a break in education and would like to return and achieve a qualification. The purpose of this subject syllabus is to provide such learners, both part and full time, with an opportunity to study the principles and applications of Social Issues in Health Care at an advanced further education level (Level 3), with sufficient focus and detail to achieve the transferable skills, knowledge and understanding necessary for progression towards related programmes in Higher Education. The subject is unitised in order to provide flexibility of operation. Satisfactory completion of the four units within this syllabus results in the award of 21 credits at Level 3 of the Access to HE Diploma. Although each unit may be undertaken, and must be assessed independently, it is recommended that the full set of four units attached to the syllabus should be completed. The award of an Ascentis Access to HE Diploma is subject to satisfactory completion of all the requirements set out in the rules of combination for the named Access to HE Diploma. AIMS 1 To provide opportunities to develop academic skills in Social Issues in Health Care...
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