Unit 5 Quiz Free Essays

Student Gradebook Exam https://takeexam. next. ecollege. We will write a custom essay sample on Unit 5 Quiz or any similar topic only for you Order Now com/(NEXT(3d4570aa34))/Main/Cours†¦ Grading Summary These are the automatically computed Date and Time Started: results of your exam. Grades for essay Time Spent: questions, and comments from your instructor, are in the â€Å"Details† section below. Points Received: Question Type: Multiple Choice # Of Questions: 10 10/31/2012 8:58:27 AM 38 min , 14 secs 10 / 20 (50%) # Correct: 5 Grade Details – All Questions 1. Question : Carlton Company sold equipment for $3,700 that originally cost $22,000. The balance of the Accumulated Depreciation account related to this equipment was $19,000. The entry to record the disposal of this equipment would include a debit to Loss on Sale of Equipment of $700. credit to Gain on Sale of Equipment of $700. credit to Equipment of $3,000. debit to Gain on Sale of Equipment of $700. 0 of 2 Student Answer: Points Received: Comments: 2. Question : The premium on a two-year insurance policy expiring on June 30, 2015, was paid in total on July 1, 2013. The original payment was debited to the insurance expense account. The appropriate journal entry has been recorded on December 31, 2013. The balance in the prepaid asset account on December 31, 2013, should be the same as the original payment. igher than if the original payment had been initially debited to an asset account. lower than if the original payment had been initially debited to an asset account. the same as it would have been if the original payment had been initially debited to an asset account. 2 of 2 Student Answer: Points Received: Comments: 3. Question : Student Answer: Failu re to record the expired amount of prepaid rent expense would not understate expense. overstate net income. overstate owners’ equity. understate liabilities. 2 of 2 Points Received: 1 of 3 11/7/2012 2:52 PM Student Gradebook Exam https://takeexam. next. ecollege. om/(NEXT(3d4570aa34))/Main/Cours†¦ Comments: 4. Question : The Supplies on Hand account balance at the beginning of the period was $6,600. Supplies totaling $12,825 were purchased during the period and debited to Supplies on Hand. A physical count shows $3,825 of Supplies on Hand at the end of the period. The proper journal entry at the end of the period debits Supplies on Hand and credits Supplies Expense for $9,000. debits Supplies Expense and credits Supplies on Hand for $12,825. debits Supplies on Hand and credits Supplies Expense for $15,600. debits Supplies Expense and credits Supplies on Hand for $15,600. of 2 Student Answer: Points Received: Comments: 5. Question : Student Answer: An accrued expense can be described as an amount paid and matched with earnings for the current period. paid and not matched with earnings for the current period. not paid and not matched with earnings for the current period. not paid and matched with earnings for the current period. 2 of 2 Points Received: Comments: 6. Question : How would proceeds received in advance from the sale of nonrefundable tickets for the Super Bowl be reported in the seller’s financial statements published before the Super Bowl? Revenue for the entire proceeds. Read also Quiz Week 4 Revenue less related costs. Unearned revenue less related costs. Unearned revenue for the entire proceeds. 2 of 2 Student Answer: Points Received: Comments: 7. Question : On June 30, a company paid $3,600 for insurance premiums for the current year and debited the amount to Prepaid Insurance. At December 31, the bookkeeper forgot to record the amount expired. The omission has the following effect on the financial statements prepared December 31: overstates owners’ equity. overstates assets. understates net income. overstates both owners’ equity and assets. Student Answer: 2 of 3 11/7/2012 2:52 PM Student Gradebook Exam ttps://takeexam. next. ecollege. com/(NEXT(3d4570aa34))/Main/Cours†¦ Points Received: Comments: 2 of 2 8. Question : Student Answer: Total net income over the life of an enterprise is higher under the cash basis than under the accrual basis. lower under the cash basis than under the accrual basis. the same under the cash basis as under the accrual ba sis. not susceptible to measurement. 0 of 2 Points Received: Comments: 9. Question : Sky Company collected $12,350 in interest during 2013. Sky showed $1,850 in interest receivable on its December 31, 2013, balance sheet and $5,300 on December 31, 2012. The interest revenue on the income statement for 2013 was $3,450. $8,900. $12,350. $14,200. 0 of 2 Student Answer: Points Received: Comments: 10. Question : Student Answer: If an expense has been incurred but not yet recorded, then the end-of-period adjusting entry would involve a liability account and an asset account. a liability account and a revenue account. a liability and an expense account. a receivable account and a revenue account. 0 of 2 Points Received: Comments: * Times are displayed in (GMT-07:00) Mountain Time (US Canada) 3 of 3 11/7/2012 2:52 PM How to cite Unit 5 Quiz, Essay examples

The SWOT Analysis of Asia Grand Restaurant in Singapore

Question: Conduct the SWOT Analysis for Asia Grand Restaurant in Singapore. Answer: The SWOT Analysis of Asia Grand Restaurant in Singapore is as follows: The Asia Grand Restaurant of Singapore has a large number of strengths on its side. The restaurant offers the most popular cuisines for the people of the country and is very popular in the region. It has an elaborate menu and a large number of excellent reviews online (Hungrygowhere Singapore, 2016). The restaurant has been termed as suitable for couples and families all. The restaurant has a long history of a good reputation among the citizens and some of its dishes are loved by the people. The restaurant is easily approachable by buses and MRT as well (NAH, 2016). Its position is pretty strategic and comfortable for the people to eat at. It has an excellent ambience and aura as well. It is among the very few restaurants that has the capability to accommodate a group of even 15 people on one single table. It is considered as the best place for petting duck. The Restaurant has very few weaknesses. However, it is understood that the restaurant is usually quite and does not pose much entertainment for its customers. It is a little expensive and a normal person might not be able to afford it largely. Asia Grand Restaurant has a wide number of opportunities set ahead of itself. The restaurant was initially placed in a big hotel but after that hotel was pulled down, the restaurant had been shifted to the Odeon Towers. The biggest opportunity for the restaurant is to increase the number of dishes, add music and other entertainment units if possible, add a website that gives a better insight into the functions and the capabilities of the restaurant and the get more reviews by the people. The Restaurant may also consider the provision of home delivery and a higher availability of services for customers. As of now, the operating hours of the restaurant are lower as compared to other restaurants. The biggest threats for the restaurant include the presence of some of the most popular restaurants in the same towers. The presence of other restaurants gives the lovers of Asian food a distraction and hence the customer base of the restaurant drops considerably. References: Hungrygowher Singapore (2016). Asia Grand Restaurant. Web. Nah, M. (2016). Asia Grand Restaurant Dinner - Odeon Tower, Singapore.

Luxembourg Essays (1014 words) - National Symbols Of Luxembourg

Luxembourg Location Luxembourg is located in Europe and is bordered by Belgium, Germany and France. On a map, it is located at 50 N latitude and 6 E longitude. Luxembourg is very small. It is only 998 square miles, which is roughly the size of Orange County, California. All the country is inhabited, with most people living in the southern part. The Flag The flag of Luxembourg was adopted in 1845. The colors come from the Coat of Arms of Luxembourg and are red, white and blue. The flag is simply three horizontal stripes from top to bottom. The Land and People Luxembourg has two distinct regions. The Ardennes, or northern region, is mountainous. The Bon Pays, or southern region, is mostly fertile farmland. The climate is cool and moist, with snow in the mountains. There are rich deposits of iron ore creating many jobs in the steel industry. There is also fertile farmland to the south, also creating many jobs in farming. The people of Luxembourg have no native costume. They borrow much of their cultur e from Belgium, Germany, and France. Today, modern Luxembourgers dress like other Europeans. The people of Luxembourg like to eat smoked pork and beans, and sometimes saurkraut. Smoked ham is available all year round, and pastries are a Luxembourg favorite. Some of these pastries include rolls, muffins, cupcakes, and a special dry cake translated "Random Thoughts". Luxembourg makes beer and wine which is sold there and in other nearby countries. The buildings in Luxembourg vary from place to place. Some villages have charming old houses hundreds of years old, though in the cities there are many modern apartment and office buildings. For recreation, a Luxembourger might ride a bike, or hike in the countryside. A favorite sport of the people is volleyball. For transportaion they have railroads and highways for cars and buses. There are bike trails and hiking paths as well. Luxembourg doesn't have a culture all its own, because it ties in with its neighboring countries, Belgium, German y, and France. The natural resources of Luxembourg are: iron ore, which is processed into steel, farm products such as wheat, corn and livestock, and grapes which are grown for winemaking. Technology The main industries of Luxembourg are steel and winemaking. Farming is also an important industry, especially with such crops as corn, wheat and livestock. The steel is exported and crops are exported, as well as used in Luxembourg. Also the wine made in Luxembourg is exported and sold there. Culture There is a lot of culture in Luxembourg. There are many art galleries featuring work from the expressionist painter, Joseph Kutter, and also that of Edward Steichen, a well known photographer. Both of these artists are from Luxembourg. The cathedrals are examples of some of the beautiful architecture found in Luxembourg. In the villages, there are buildings dating back to the 1100's, 1300's, 1700's, as well as the early 1900's. A trip through the villages is like taking a trip through time because of these old homes that are still lived in. As far as music, every village, suburb and town has at least a band, orchestra or choral group. Luxembourgers love parades, and have them often. Every parade has at least half a dozen bands. Their enjoyment of music is so great, that at the end of every summer, Luxembourg has a music competition that involves the whole country. Government The government of Luxembourg is a constitutional monarchy. The grand duke or duchess serves as monarch and chief executive. The monarchy is a hereditary office, and the sixty-four member parliament, called the Chamber of Deputies, makes the laws. The monarch appoints the prime minister and all of the ten Cabinet ministers to carry out government operations. The twenty-one member advisory body, or the Council of State, are appointed for life. The local government is carried out by dividing Luxembourg into districts, which are headed by the commissioner. The districts are divided into cantons, and these are divided into communes, which are headed by elected officials. The monarch presently in charge is Grand Duke Jean, who has been in power since 1964. Jacques Santer has been the Premier of Luxembourg since 1984. The monarch's term

101 Lesson and Quoting Professor Ramos Blog

101 Lesson and Quoting Quick Write Quick Write What should the reader take away after reading your narrative? Why is it important? Why does it matter? So What? Making the Point Clear An important aspect of writing is making sure that your point is clear. Even in these narratives where we are exploring ourselves. You want the reader to know the lesson or point you learned from reflecting and writing. Here are some questions to consider when concluding your narrative: What did you learn about diversity? How have others helped you? What should the reader take away after reading this? Why does this matter? The narrative helps us to understand how diversity affects us. Make sure the lesson or point is clear to your reader. We are going to publish this online for the benefit of others. Think about your audience and how you can help them to learn something from your experience. The Other Side is Not Dumb We read  SEAN BLANDA, â€Å"The â€Å"Other Side† Is Not Dumb†Ã‚  p.212 for today. Take two minutes and write down what stood out to you. Look for a quote that you find interesting or important. We should all enter every issue with the very real possibility that  we might be wrong this time. . . Isn’t it possible that we’re not right about everything? That those who live in places not where you live, watch shows that you don’t watch, and read books that you don’t read, have opinions and belief systems just as valid as yours? That maybe you don’t see the entire picture? The Art of Quoting Chapter 3, introduces us to the art of quoting. It warns that quoting too little or too much can hurt an argument. It is very important to frame all quotations. According to the book, what is the purpose of a citation? When is the use of a citation appropriate? The article warns about quoting too little or quoting too much. Do not assume the quotations speak for themselves. Two key ways to integrate quotations that you need to keep in mind. Choose quotations wisely Surround quotations in a frame, Quotation Sandwich Quotation Sandwich Introduce the quotation p. 46 Quote, relevant Explain Quotation p. 47 Claims China  is the largest nation in the world. A McDonald’s  Big Mac ®Ã‚  has 550 calories. Why do these need support? Where can you find it? Practice Use a quote from the article in a quotation sandwich.

Financial Services - Personal Financial Planning Essay

Financial Services - Personal Financial Planning - Essay Example The importance of financial planning, which is not just comprised of saving is also discussed. This paper aims to give some recommendations in order to gain the incentives of having a financial plan without being penalized by the government through its policies. It may be true that the state punishes those who save. Accordingly, there can be three most identifiable government policies that discourage savings: taxation on savings and capital; low interest rates in risk-free financial instruments; and social security and other government programs that substitute savings—the major argument of the above statement. Taxation on savings and capital. One government policy is to make provision for taxes. Taxes and government spending are part of the fiscal policy. Because taxes are included in savings account for every interest received by an investor or depositor, the taxes serve as a disincentive to save, at least in the risk-free securities in the market. Low interest rates: less incentive for delaying consumption due to inflation. Low interest rates in banks, which sometimes result in very low real rate after deducting inflation, give consumers very little incentive to save. Due to the time value of money, consumers might as well save as their dollars are worth more for the current, than delay consumption because the reward is not huge enough for them to be compensated. Social Security and other government programs substitute savings. With more government programs that are available to the public that substitute the role of savings, the public does not find any other reason to save behind such safety net. The prevalence of these programs that are part of the policies of the government, seem to be enough for the public which does not give additional incentive to save. While people are discouraged by the government to save through its various policies that penalizes the savers, the future’s uncertainty is the major motivation behind all personal

Critical Analysis of Two Short Stories Walkers Everyday Use and Strong Essay

Critical Analysis of Two Short Stories Walkers Everyday Use and Strong Horse Tea - Essay Example â€Å"Strong Horse Tea† is a story revolving around Rannie Toomer, a single black mother of a baby boy named Snooks. She struggles to keep herself composed in the most difficult of situations which primarily involves the health of her son who is extremely ill but, no doctor would attend to his needs. She patiently waits for any kind of help from the doctors and refuses all sorts of home remedies or magic to heal her son because she does not believe in such notions proposed by her neighbor. She ignores the fact that the doctors are not willing to give her an appointment because of her color and, this represents her strength of self-worthiness and her capability of rising above the mundane. Hence, when Sarah, an old black woman, attempts to convince Rannie of using home remedies to heal her son, she blatantly declines her offer. Rannie remains fearless and independent with regard to her decision for seeking help from the modern facilities in the midst of the traditional methods her black community still revered. To split away from her own tradition was a courageous move she taken by Rannie. In the story â€Å"Everyday Use†, the situation is more or less the same but, what Mama’s eldest child Dee undergoes is a rebellious identity crisis. She is sent away from home for educational purposes but she realizes how little she knows about her own heritage. She renames herself Wangero which is an African name. She believes in a new optimistic, Americanized world for the blacks, which is not her fault. She was sent away from home and indirectly away from her own tradition. This, however, was not Mama’s intention. She sent her away so that she could receive the best education and also because Mama feared that she and Maggie would not be able to tolerate each other. When she arrives home on vacation she accompanies a boyfriend Hakim who

Product Liability and Intentional Tort Essay Example | Topics and Well Written Essays - 1000 words

Product Liability and Intentional Tort - Essay Example The rationale for placing high liability on the sellers and manufacturers regardless of the nature of defect is that such parties are better placed to bear the cost implications of compensation. In this case, it is argued that product manufacturers and sellers can cushion themselves against losses resulting from product defects by increasing the product’s prices. Due to lack of a federal law governing product liability, the precedence for liability torts is derived from various state laws and court rulings on the general tort law. The admissibility of Chase’s case for product liability can be established by examining the threshold requirements for product liability cases and relevant court rulings. According to the Indiana Law Review, the following mandatory threshold requirements exist for a case to qualify for product liability; a product’s user/claimant who is subject to injury by the product, product’s manufacturer or seller/defendant, faulty product t hat is considered as unreasonably dangerous to the consumer or consumer’s property, a product reaching the consumer without alteration to its initial state and physical harm resulting from the product (Buttrick, Alberts and Thornburg, 2011:1378). Irrespective of the relevant product liability theories involved in the case, Chase’s case should meet the above criteria to qualify for admissibility (Buttrick, Alberts and Thornburg, 2011:1378). An examination of the theories upon which the product liability law is based provides insight to this hypothetical scenario. Under the theory of negligence, the manufacturer of the paper shredding machine is not liable for Chase’s injuries since there was no negligence on the manufacturer’s part or failure to remove foreseeable risk of injury to the machine’s user (Buttrick, Alberts and Thornburg, 2011:1382). In this case, the injuries incurred were as a result of negligence by the user arising from failure to re ad and adhere to the manufacturer’s instructions. However, the machine’s manufacturer can be held liable for Chase’s injury on the basis of the duty to warn the user against a foreseeable risk of injury by the machine (Buttrick, Alberts and Thornburg, 2011:1383). The manufacturer’s liability to provide warning to the user and whether the operation instructions were sufficient to protect Chase from injuries can be established by examining other factors like the value of the warning. In this case, the manufacturer of the paper shredding machine had the duty to provide adequate warning regarding the dangers of personal harm incase the machine is operated without lubricating oil. Under negligence rule, Chase should prove that the injuries sustained occurred despite having observed the necessary duty of care (Fischer, 2009:7). Product liability requires the injured party; Chase to demonstrate the harm-causation relationship and whether there was any breach of duty if there was any negligence by the manufacturer (Fischer, 2009:7). Though there was concrete harm on the part of Chase and the nature of causation passes the necessary â€Å"but-for† test which seeks to establish whether the harm would have otherwise occurred, the burden of proof for the manufacturer’s failure to observe the necessary duty of care lies with Chase. In this case, it is less likely for Chase to be compensated by the paper shreddi