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ACCT 439 DEVRY WEEK 4 MIDTERM EXAM
ACCT 439 DeVry Week 4 Midterm exam (NEW 2016)
1. (TCO F) For which situation(s) below would an organization be more likely to use a job-order costing system of accumulating product costs rather than a process costing system?
2. (TCO F) Process costing would be appropriate for each of the following except:
3. (TCO F) Lucas Company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows:
4. (TCO F) In a job-order costing system, the use of direct materials that have been previously purchased is recorded as a debit to
5. (TCO F) During December at Ingrim website Corporation, $74,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $6,000. The journal entry to record the requisition from the storeroom would include a:
6. (TCO F) Valles Corporation had $22,000 of raw materials on hand on February 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a:
7. (TCO F) Whether a company uses process costing or job-order costing depends on its industry. A number of companies in different industries are listed below:
i. Brick manufacturer
ii. Contract printer that produces posters, books, and check here pamphlets to order
iii. Natural gas production company
iv. Dairy farm
v. Coal mining company
vi. Specialty coffee roaster (roasts small batches of specialty coffee beans)
For each company, indicate whether the company is most likely to use job-order costing or process costing
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HCA 812 Grand Canyon All Week Discussions
HCA 812 Grand Canyon Week 1 Discussion 1
Consider the six organizational cases described by Blass in the module readings. Extending these ideas, under what circumstances could an
Individual forfeit the right to self-regulation? Why? At what point, if any, does self-regulation become unethical? Why?
HCA 812 Grand Canyon Week 1 Discussion 2
Modern health care is being significantly influenced by external regulations such as the Health Insurance Portability and Accountability Act (HIPAA). Could more stringent self-regulation by health care professionals and related organizations have eliminated the perceived necessity for laws such as HIPAA? Why or why not?
HCA 812 Grand Canyon Week 2 Discussion 1
It may be asserted that state professional boards exist to protect the safety of the public rather get more info than the interests of the health care professional.
How can health care administrators reconcile this seeming paradox? Support your position.
HCA 812 Grand Canyon Week 2 Discussion 2
State professional boards are lobbying for freedoms check here for health care professionals. As a health care administrator, how do you ethically balance board-granted freedom with quality of care concerns to create a sustainable model for your organization? Support your position
HCA 812 Grand Canyon Week 3 Discussion 1
Professional standards are designed to protect patients as well as health care professionals by requiring continuing education of health care professionals and the institution of current safety measures. When might professional standards create hardship for a HCA 812 Grand Canyon All Week Discussions health care organization that diminishes the quality of care rather than protecting and improving it? Explain.
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ACCT 352 DEVRY COURSE PROJECT
ACCT 352 DeVry Course Project
OVERVIEW OF PROJECT
This project requires you to evaluate a PC-based accounting system (Peachtree Complete Accounting) to see how the system handles recording transactions, collecting data, and generating reports and information.
STEP 1. ACCESS PEACHTREE COMPLETE ACCOUNTING
You will access Peachtree via the iLab tab under Course Home. There are instructions located on the DeVry iLab page to help you through this.
STEP 2. EXPLORE THE SOFTWARE
Review the Peachtree Guided Tour (located in the Help menu) and the what’s New in Peachtree (located in the Help menu) to see some of the features of Peachtree Complete Accounting.
Review any online documentation (Peachtree User Guide, etc.) regarding how to use the application.
STEP 3. TRY OUT THE SOFTWARE USING A SAMPLE COMPANY
Peachtree has two sample companies (Bellwether & Stone Arbor) that you can play around with.
Once you are in your sample company, you must explore the sample company to determine how you can do the following.
How can you create and maintain customers?
How can you create customer invoices?
How can you apply customer payments?
What reports can you run to provide you with information regarding your customers and their orders?
What reports can you run in order to provide you with information regarding key revenue cycle information – sales, accounts receivable, cash?
How can you create and maintain vendors?
How can you create and maintain inventory?
How can you generate payments to vendors?
What reports can you run to provide you with information regarding your ACCT 352 Course Project vendors and your accounts payable?
What reports can you run in order to provide you with information regarding key ACCT 352 DeVry Course Project expenditure cycle information – purchases, inventory, cash?
How can you create and maintain the chart of accounts?
How can you post journal entries?
What are the check here key financial statements that are available?
What are some key reports one can generate to measure the firms financial performance?
Tags: ACCT 352, ACCT 352 Course Project, ACCT 352 DeVry, ACCT 352 DeVry Course Project, ACCT352, ACCT352CourseProject, ACCT352DeVry, ACCT352DeVryCourseProject
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