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1. You have been nominated by your institution for a seminar because of your proficiency in basic accounting concepts. The participants and audience include college professors, practicing CPAs, and fellow students. The theme of the seminar is Basic Accounting Principles. You have been asked to share whether or not the statement "Debit means decrease, and credit means increase." is true. List and discuss the various points that you will share with the audience.
2.You are an employee of a wealth-management consultancy. As your first accounting assignment for the consultancy, you are auditing the chart of accounts for a client. You notice that all receivables are treated as assets and all payables as liability in the chart of accounts. Is this correct? Explain your answer.
On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10-year, 9% bonds for $48,890. How much cash will bondholders receive when the bonds mature?
Intel has the choice of borrowing dollars at 9.5% or yen at 7% for one year. The current exchange rate is ?152=$1. At what end of year exchange rate would the yen costs of these two loans be equal?
Discuss the differences between markets and central planning. Does this issue have anything to do with the demise of the Soviet Union? Explain.
As a health care manager, what are some benefits of applying probability concepts to solve business-related problems? Would business decisions suffer without probability concepts? Explain.
What are the key elements of Emotional Intelligence? Why is Emotional Intelligence so important to successful strategic leadership?
Compute the amount of the final price adjustment because of defective pricing based on the following:
A manager wishes to determine the relationship between the number of miles (in hundreds of miles) the manager's sales representatives travel per month and the amount of sales (in thousands of dollars) per month.
Evaluate the area of the shaded region (z=0.99). The graph depicts the standard normal distribution of bone density scores with mean 0 and standard deviation 1.
The following information was reported on the income statement of Cannondale in one of its early years of operation. Sales revenues, $450,000; Cost of goods sold, $200,000; Selling, general, and administrative, $150,000; Interest expense, $30,000.
Difference in haemoglobin concentration at enrolment between women with detectable peripheral malaria parasites and those without detectable parasites?
Boehm Incorporated is expected to pay a $1.70 per share dividend at the end of this year (i.e., D1 = $1.70). The dividend is expected to grow at a constant rate of 4% a year.
Explain what is meant by Generally Accepted Accounting Principles (GAAP). What is the FASB, and what does this organization do?
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