Network Security unit 4 Quiz

Network Security unit 4 Quiz

Question


Unit 4 - Network Security Worksheet


Question 1

Most distributed computing systems are, by default, are set to maximize...______. Choose one answer.
a. efficient processing
b. security
c. disk space
d. ease of use and functionality
e. web resources

Question 2

Which of the following security control measures is used to limit the number of applications a user can access to those explicitly defined? Choose one answer.

a. Anti-virus software
b. White out list
c. Host-based firewall
d. Intrusion detection system (IDS)
e. Intrusion prevention system (IPS)

Question 3

Logging involves each of the following except...__________. Choose one answer.

a. Ensuring that data remains secure in storage and in transit.
b. Ensuring administrators can quickly address suspicious activities.
c. Helping security personnel determine how best to recover from potential attacks.
d. Determining which network events and activities to monitor.

Question 4

Which of the following options is not a Linux-based utility for downloading and installing system updates? Choose one answer.

a. up2date
b. yum
c. Windows Update
d. yast
e. apt-get

Question 5

Which of the following Windows utilities is activated when administrative rights are required by a normal user when installing applications? Choose one answer.

a. WSUS
b. SID
c. SAM
d. AES
e. UAC

Question 6

The security vulnerability within virtual environments that allow guest accounts to potentially access system resources is known as _______________. Choose one answer.

a. VM escape
b. hypervising
c. phishing
d. virtualization
e. fingerprinting

Question 7

Each of the following is a benefit of increasing workers' knowledge level with regard to organization security except...___________. Choose one answer.

a. improving employee behavior
b. reducing security expenses
c. increasing employee accountability
d. reducing the organization's liability for employee behavior
e. complying with regulations and requirements

Question 8

Which employee security knowledge activity is geared toward teaching users how to practice effective security measures? Choose one answer.

a. Certification
b. Authentication
c. Awareness
d. Training
e. Education

Question 9

Why is executive level security training important to organizations? Choose one answer.

a. Executives must understand the risks to an organization's operation in order to determine costs, develop security policies and implement awareness training.
b. In order to understand technical requirements.
c. How to build security into the development life cycle.
d. To be informed that online activities will be monitored.
e. To be reminded that security is a team effort.

Question 10

Logical and physical restrictions placed on users in order for them to perform only the tasks required by their jobs is best described by the concept known as...________. Choose one answer.
a. authentication
b. auditing
c. least privilege
d. separation of duties
e. impersonation

Question 11

Which of the following activities is not typically included as a responsibility of most information response (CSIRT) teams? Choose one answer.
a. Detecting incidents
b. Minimizing potential losses
c. Creating security policies
d. Restoring services
e. Identifying and mitigating exploited vulnerabilities

Question 12

Which of the following security incident terms process deals with organizing information in a way that ensures it is directed through a single, and appropriate reporting channel? Choose one answer.
a. Constituency
b. Triage
c. Vulnerability
d. Artifact
e. Mitigation

Accounting problems solved

Accounting problems solved

Question 1 What will a deposit of $5,000 left in the bank be worth under the following conditions?
Left for 5 years at 6% interest?
Left for 5 years at 6% interest compounded monthly?
Left for 5 years at 6% interest compounded continuously?
Left for 10 years at 6% interest?
Left for 10 years at 8% interest?
2 Your firm has a $10,000 note receivable due from a customer. How much is the note worth today if:
The note is due in 2 years and the discount rate is 8%?
The note is due in 3 years and the discount rate is 15%?
The note is due in 3 years and the discount rate is 10% compounded monthly?
3 How much will the following people have for retirement?
Alex deposits $100 a month for 20 years with a 6% return.
Beth deposits $100 a month for 30 years with a 6% return.
Chris deposits $100 a month for 30 years with a 9% return.
4 A lottery prize advertised as "$1 million" is actually paid as $25,000 a year for 40 years.
Find the present value of the $25,000 a year for 40 years using a 5% discount rate.
Find the present value using an 8% discount rate.
The winner of this lottery is offered $500,000 now instead of the series of payments that total $1 million. If this person believes that they can earn 5% interest, which option should they pick? Explain.

5 Find the monthly payments for a $15,000 car loan with the following terms. Also find the total amount that will be paid over the life of the loan.
4 year loan at 8% interest (compounded monthly)
Total paid
6 year loan at 12% interest (compounded monthly)
Total paid
6 Find the amount that must be saved each year to reach the following goals.
Darby needs $20,000 in 10 years and can receive 4% interest.
Fran needs $800,000 in 35 years and can receive 8% interest.
7 George has $20,000 in credit card debt at 18% interest compounded monthly. How many months will it take to pay off this amount:
If he makes a $350 payment each month?
If he makes a $520 payment each month?
8 What is the interest rate on loans with the following terms?
On $10,000 borrowed, pay $2,000 a year for 6 years.
On $2,000 borrowed, pay $100 a month for 25 months.
9 Answer these questions:
Jack deposits $3,000 a year at 4% interest. In how many years will he have $50,000?
How many years would it take $100 to become $1,000 at 15% interest?
You have paid $1,000 for an investment that will pay back $1,200 in 3 years. What interest rate does that represent?
A preferred stock is expected to pay an $8 annual dividend every year forever. If comparable market interest rates are 9%,
what is the value of this stock?
10 Answer these additional questions:
Amy's parents deposited $10,000 in a savings account earning 3% interest compounded monthly when she was born.
How much will the account have when Amy is 21 years old?
Beth is to receive $5,000 in 10 years. If Beth could be earning an 11% return on this money, what is it's present value?
Cameron has been depositing $50 a month into a 6% account for the last 5 years. How much is in his account?
Dave has recently retired, and is being paid an annuity of $24,000 a year for the rest of his life.
Statistically, he expects to live for 18 years. Using a 7% discount rate, find the present value of the annuity.

As the global marketplace becomes increasingly more competitive, it is incumbent upon human resources

As the global marketplace becomes increasingly more competitive, it is incumbent upon human resources

Question The final paper is an combination of the prior part 1-3 and now a part 4 to make a final 8-10 page report. So you have done the first 3 parts which I will attach. Now need part 4 and make a 8-10 page paper
Final Paper
As the global marketplace becomes increasingly more competitive, it is incumbent upon human resources to broaden its strategic mission and become a strategic partner with executive staff. This requires human resources to have a detailed understanding of not only the human resources field, but the strengths and challenges of its organization, and the complexities of its industry. Through these units of knowledge, human resources can maximize its value by providing competent advice and counsel to its organization as it strives to achieve its strategic objectives.

The comprehensive Final Paper comprises four parts, with Parts 1, 2, and 3 submitted during the first three weeks of the course. In Week 5, a cohesive final paper will be due that includes Part 4, an executive summary, and the previously submitted Parts 1, 2, and 3. This final paper should be eight to ten pages and should incorporate any comments or suggestions made by the instructor on Parts 1, 2, and 3.

Focus of the Final Paper

In your final project, you are to choose a major problem/issue affecting an organization of your choice, and then utilize your detailed knowledge of human resources and strategic planning to develop a comprehensive plan that minimizes, and hopefully eliminates, this threat to your chosen organization’s ability to meet its long-range organizational goals and objectives. The components of this comprehensive project are as follows:

Part 1 – Overview of Organization/Problem (due in Week 1): In a 2-3 page paper, provide an overview of the organization and the problem/issue that challenges that organization. Next, detail how the problem/issue affects (or can affect) the future viability of the organization. Finally, discuss the principle role of human resources in an organization and how human resources can provide critical advice and counsel to the organization in addressing this challenge.

Part 2 – Environment Analysis (due in Week 2): Optimal solutions are determined when a researcher has a thorough understanding of a company and its industry, along with the strengths and weaknesses that impact its future viability. In the second part of your plan, perform a SWOT Analysis (Strengths, Weaknesses, Opportunity, and Threats) on your chosen organization and provide an analysis of these results in light of the problem or issue under study. Be attentive to identifying how the problem or issue impacts the organization and its competitive position within the industry. The paper should be 2-3 pages.

Part 3 – Financial Analysis (due in Week 3): Nearly every problem or issue confronting an organization has a financial or budgetary impact. For instance, staff turnover has not only a direct cost on recruitment expenses, training costs, and productivity, but also an indirect cost related to the loss of organizational learning. In Part 3, detail the financial implications to the organization related to your problem or issue, including the additional costs that may arise if the problem or issue is not resolved effectively. The paper should be 1-2 pages.

Part 4 - Recommendations (due in Week 5): The final part of your comprehensive project incorporates your recommendations. Based on your work in Parts 1, 2, and 3, provide 2-3 recommendations to organizational leadership that would resolve the problem/issue in question. Be sure to detail any challenges the organization should consider in implementing your recommendations (culture, motivation, etc.) and your strategy to overcome these challenges. The recommendations section should be 2-3 pages.

The Final Paper due at the end of Week 5 will comprise Parts 1, 2, 3 and 4. It should begin with an Executive Summary, which is an abbreviated capture of the entire paper and as such should touch upon all major points while engaging the reader. The final paper should be 8-10 pages.

Note that some of the information related to this project may not be readily available in course materials, requiring you to research contemporary management trends in the public sector.

Writing the Final Paper

The Final Paper:

Must be eight to ten double-spaced pages (excluding title and reference pages) in length and formatted according to APA style as outlined in the approved APA style guide.
Must include a cover page that includes:
- Title of assignment
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
Must address the questions with critical thought and complete sentences.
Must include an introductory paragraph with a succinct thesis statement.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must use at least four scholarly resources.
Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.

LAW -Explain and discuss in detail how the principle of parens patriae has changed over time

LAW -Explain and discuss in detail how the principle of parens patriae has changed over time

Question 1.Explain and discuss in detail how the principle of parens patriae has changed over time. Why do authors contend that the apparent contracictions in the treatment of juveniles in the justice system make sense when the term parens patriae is equated with the idea of paternalism rather than rehabilitation?
2. Explain why there has been a move away from attempting to rehabilitate juvenile offenders and toward policies of punishment and accountability. how does this policy compare with some of the more common societal myths inyour community regarding juvenile justice.
3. Discuss which strategies for strengthening families to reduce the factors that place children in higher risk of becoming delinquents would or would not work in your community?
4. Why is the concept of intervention in the grassroots community so important in dealing with delinquency? What should be done with the hard-core juvenile offender?
5. Do you think the juvenile system functioned better under the earlier les formal parens patriae system or is it better under the post-Gault Decision courts?

Assignment 5: Estate Tax Audit Letter to IRS

Assignment 5: Estate Tax Audit Letter to IRS

Question Assignment 5: Estate Tax Audit Letter to IRS
The executor of a deceased client’s estate comes to you with a letter from the IRS indicating that they are auditing a large property valuation claim that was made on the estate return. The IRS is claiming that the property was undervalued at the time of death.
Using the Internet or Strayer databases, research the rules regarding the valuation of property for a decedent’s estate.
Write a one to two (1-2) page letter in which you:
1. Respond to the assertions by the IRS and counter those assertions with your own.
2. Make a convincing argument that the information/documentation your client possesses justifies and supports the valuation claim.

The EconAnalyst Corporation is a think tank located

The EconAnalyst Corporation is a think tank located

Question
1. The EconAnalyst Corporation is a think tank located on 15 prime acres of seafront property in Miami, Florida. EconAnalyst purchased the land for its offices from the state in 2010 for $250,000. “Given that the money EconAnalyst paid for its land in 2010 can be treated as a sunk cost, the cost of the land to EconAnalyst is zero and EconAnalyst would thus be foolish to consider purchasing a new site in Florida and relocating there.” Is this statement true, false, or uncertain? Please explain in full.

Oregon Products Inc. completed and transferred 72,000 particle board units

Oregon Products Inc. completed and transferred 72,000 particle board units

Question

1. Costs per Equivalent Unit

Oregon Products Inc. completed and transferred 72,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 2,900 units, which were 3?5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $202,230, direct labor cost incurred was $36,705, and factory overhead applied was $18,600.

Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.

a. Total conversion cost

$

b. Conversion cost per equivalent unit

$

c. Direct materials cost per equivalent unit

$

2. Equivalent Units of Production and Related Costs

The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

Oregon Products Inc. completed and transferred 72,000 particle board units

Determine the following:

a. The number of units in work in process inventory at the end of the period.
units

b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

Work in Process-Assembly Department

Equivalent Units of Production for Direct Materials and Conversion Costs

Whole Units

Equivalent Units Direct Materials

Equivalent Units Conversion

Inventory in process, beginning

Started and completed

Transferred to finished goods

Inventory in process, ending

Total units

c. Costs per equivalent unit for direct materials and conversion.

Costs Per Equivalent Unit

Direct Materials

$

Conversion

$

d. Cost of the units started and completed during the period.
$

3.Cost per Equivalent Unit

The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $17,400 of direct materials.

Oregon Products Inc. completed and transferred 72,000 particle board units

a. Determine the number of units transferred to the next department.
units

b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.

Cost per equivalent unit of direct materials

$

Cost per equivalent unit of conversion

$

c. Determine the cost of units started and completed in November.
$

4.Cost of Production Report

The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August 2014, together with information concerning production, are as follows:

Oregon Products Inc. completed and transferred 72,000 particle board units

All direct materials are placed in process at the beginning of production.

a. Prepare a cost of production report, presenting the following computations:

1 Direct materials and conversion equivalent units of production for August.

2 Direct materials and conversion costs per equivalent unit for August.

3 Cost of goods finished during August.

4 Cost of work in process at August 31, 2014.

If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to the nearest cent.


Morning Brew Coffee Company

Cost of Production Report-Roasting Department

For the Month Ended August 31, 2014

Unit Information

Units charged to production:

Inventory in process, August 1

Received from materials storeroom

Total units accounted for by the Roasting Department

Units to be assigned costs:

Equivalent Units

Whole Units

Direct Materials (1)

Conversion (1)

Inventory in process, August 1

Started and completed in August

Transferred to finished goods in August

Inventory in process, August 31

Total units to be assigned costs

Cost Information

Costs per equivalent unit:

Direct Materials

Conversion

Total costs for August in Roasting Department

$

$

Total equivalent units

Cost per equivalent unit (2)

$

$

Costs assigned to production:

Direct Materials

Conversion

Total

Inventory in process, August 1

$

Costs incurred in August

Total costs accounted for by the Roasting Department

$

Costs allocated to completed and partially completed units:

Inventory in process, August 1 balance

$

To complete inventory in process, August 1

$

$

Cost of completed August 1 work in process

$

Started and completed in August

Transferred to finished goods in August (3)

$

Inventory in process, August 31 (4)

Total costs assigned by the Roasting Department

$




Oregon Products Inc. completed and transferred 72,000 particle board units

b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your answers to two decimal places.

Increase or Decrease

Amount

Change in direct materials cost per equivalent unit

$

Change in conversion cost per equivalent unit

$

5.Cost of Production Report

Abica Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at May 31, 2014:

Oregon Products Inc. completed and transferred 72,000 particle board units

1. Prepare a cost of production report, and identify the missing amounts for Work in Process—Roasting Department. If an amount is zero, enter in a zero "0". When computingcost per equivalent units, round to the nearest cent.



Abica Coffee Company

Cost of Production Report-Roasting Department

For the Month Ended May 31, 2014

Unit Information

Units charged to production:

Inventory in process, May 1

Received from materials storeroom

Total units accounted for by the Roasting Department

Units to be assigned costs:

Equivalent Units

Whole Units

Direct Materials

Conversion

Inventory in process, May 1

Started and completed in May

Transferred to Packing Department in May

Inventory in process, May 31

Total units to be assigned costs

Cost Information

Costs per equivalent unit:

Direct Materials

Conversion

Total costs for May in Roasting Department

$

$

Total equivalent units

Cost per equivalent unit

$

$

Costs charged to production:

Direct Materials

Conversion

Total

Inventory in process, May 1

$

Costs incurred in May

Total costs accounted for by the Roasting Department

$

Cost allocated to completed and partially completed units:

Inventory in process, May 1 balance

$

To complete inventory in process, May 1

$

$

Cost of completed May 1 work in process

$

Started and completed in May

Transferred to Packing Department in May

$

Inventory in process, May 31

Total costs assigned by the Roasting Department

$




Oregon Products Inc. completed and transferred 72,000 particle board units

2. Assuming that the May 1 work in process inventory includes $5,232 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between April and May. If required, round your answers to two decimal places.

Increase or Decrease

Amount

Change in direct materials cost per equivalent unit

$

Change in conversion cost per equivalent unit

$

,
Attachments
(314 KB)

Manufacturing cost data for Orlando Company, which uses a job order cost system

Manufacturing cost data for Orlando Company, which uses a job order cost system

Question Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below.

Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same.

Case A
Case B
Case C
Direct materials used $ (a) $92,700 $68,000
Direct labor 57,400 148,000 (h)
Manufacturing overhead applied 47,068 (d) (i)
Total manufacturing costs 154,600 (e) 214,700
Work in process 1/1/14 (b) 16,000 18,600
Total cost of work in process 208,600 (f) (j)
Work in process 12/31/14 (c) 14,700 (k)
Cost of goods manufactured 198,400 (g) 224,200

ACC202 case study 3-5

ACC202 case study 3-5

Question

3CS

The Smell of Success

The Lovely Scent Perfume Company has recently suffered record losses. Fredrick Fragrance, the CEO, has asked four of his top executives to recommend a strategy to put the company back on a profitable track.

Wally Workshard, the Executive Vice President, suggested that the company drop its price by 20% and predicts that this will increase sales by 85,000 units per year.

Lester Ledger, the Chief Financial Officer, suggested that the company repackage the product in designer bottles. This would add $4.75 per unit to the production cost and fixed production costs would be increased by $40,000 per year. Lester predicts this would increase annual sales volume by 32%.

Buster Bumble, the Production Manager, suggested that the company reduce the size of the standard bottle by 10%. This would save $2.65 per unit in variable production costs. He predicts sales volume would drop by only 4,500 units per year.

Gaylord Goodspeak, the Marketing Manager, suggested that the company increase its marketing budget by 66% - this would add $527,000 per year to fixed operating expenses. In addition, he recommend raising the price by $4.90 per unit. He predicts that the combined impact would be a 17% increase in annual sales volume.

Case assignment expectations:

Use the appended spreadsheet to evaluate each of these proposals independently. You will need to fill in the inputs based on the numbers above. The spreadsheet will then do the remaining calculations.

Utilize the spread sheet at this URL. Copy and past to your web browser:

http://cdad.tuiu.edu/Uploads/Presentations/171Lovely%20Scent.xls

LENGTH: 2 pages typed and double-spaced:

The following items will be assessed in particular:

1. Your recommendation of the best strategy for Mr. Fragrance.

2. The support of your answer with relevant numbers and arguments.


4CS

BFBS, LLC.

Denys C. began a manufacturing organzation, BFBS, LLC., in 2003. The firm specializes in natural hair care products. Most clients are mid-sized national and international retailers who have highly developed in-house marketing departments.

BFBS has proved to be highly successful in the past primarily because of the strong personal attention given to the clients by the project managers. Since inception, BFBS has expanded into four regional segments; North/South America, Europe, and Asia. The home office is in North America.

However, in the current year losses have been incurred. Each office is headed by an office manager who is responsible for all activities in that office. The managers are paid a reasonable salaries plus a bonus with two inputs. The first input is the net income of the manager's office and the second is the sharing of a portion of the overall company profits. Managers have a high level of independence to make decisions and are held accountable for the results.

Each office is allocated a portion of the non-traceable fixed costs of the organization that are common to all offices.

The current year's segmented operating results are shown in this excel spreadsheet. Copy and paste to your web browser:

http://cdad.tuiu.edu/Uploads/Presentations/20006Module%204%20CASE%20excel%20sheet%20background.xls

Case assignment expectations:

Review the information from the modular background. Use the appended spreadsheet to evaluate this organization. You will need to fill in the inputs based on the numbers. The spreadsheet should be used to do the calculations.

LENGTH: 2-3 pages typed and double-spaced:

The following items will be assessed in particular:

Note: Cost of Goods sold and Transportation Expenses are both variable; all other costs are fixed.

1. Discuss the advantages and disadvantages of the format present in the excel spreadsheet Responsibility Segmentation Analysis.

2. Explain the allocation method used to distribute corporate expense. Is this an effective allocation method? Why or Why not?

3. Construct a contribution statement showing each segment using the information from the spreadsheet. Include percentages in a separate column for common size analysis purposes. Also, add a total corporation column showing percentages in a common size analysis format.

4. As the CFO (Chief Financial Officer) of BFBS what suggestions would you make to Denys C. and management to improve the performance of the organization.


5CS

Pecos Printers, Inc.

Pecos Printers, Inc. is a small manufacturing firm in Houston, Texas that manufactures color ink jet printers for the small business market. It has just launched the PP 7500.

A 50% markup is standard in this industry so that Pecos must sell to distributors below $400 per printer to keep the retail price below the industry top of $600 ($400 * 150% = $600). Paul Pecos, the founder and CEO of Pecos Printers, wants to keep the price to distributors as low as possible so he has carefully engineered his manufacturing process to be as efficient as possible.

The model PP 7500 is an exceptionally desirable model with the following features:

  • A monthly capacity of 10,000 copies
  • A print speed of 10 copies per minute for black and white and 5 copies per minute for color.
  • A lifetime capacity of 120,000 copies.
  • The ability to accept readily available HP ink cartridges.

Lester Ledger, the Pecos Controller has developed the following cost sheet for the model 7500:

Cost Category

Cost per Unit

Direct Materials (Variable)

$145

Direct Labor (Variable)

60

Overhead (Variable)

40

Overhead (Fixed)*

45

Total Unit Costs

$290

*This is determined on a per unit basis as followed. Lester assumes that the annual fixed overhead costs for this product will be $450,000 and that approximately 10,000 Model 7500's will be produced during the current year. Pecos has the capacity to produce 20,000 units per year without increasing fixed costs.

Paul has determined that approximately 20% of the total manufacturing costs are necessary for a decent profit.

Based on these data, Paul has developed the following pricing rule for his sales staff: Accept any offer from distributors of $300 or more and reject any offer below $300.

The sales staff is on salary with no commission paid for any sale. The salesmen negotiate with distributors who make firm offers which the Pecos salesmen then either accept or reject. Last month the three salesmen reported the following offers and results:

Offer (per unit)

Number of Units

Accepted?

Sam Smoothtalk

Offer No. 1

$310

200

Yes

Offer No. 2

$305

150

Yes

Offer No. 3

$295

300

No

Harry Hustler

Offer No. 1

$305

50

Yes

Offer No. 2

$200

250

No

Offer No. 3

$300

100

Yes

Offer No. 4

$330

75

Yes

Gary Giftofgab

Offer No. 1

$305

250

Yes

Offer No. 2

$245

400

No

Offer No. 3

$325

100

Yes

In addition, Ms. Glenda Goodperson, the office assistant manager received an offer from a new distributor for 700 units at $290. She felt this would be advantageous for Pecos and accepted the offer. When Paul Pecos found out about this transaction, he was furious that Ms. Goodperson had violated his decision rule and fired her on the spot. He then cancelled the order with the new distributor.

Overall, Paul was satisfied with the month's sales results. His sales staff had sold 925 units which translated to an annual rate of over 11,000 units. This was 10% above his estimate of 10,000 annual sales.

Case assignment expectations:

Review the information from the modular background and the case infomation above. Evaluate Paul Pecos' decision rule. Evaluate Paul Pecos' reaction to Ms. Goodperson's sale.

LENGTH: 2 pages typed and double-spaced:

The following items will be assessed in particular:

1. Prepare a contribution margin income statement for the month with two columns: in the first column, show the results following Paul's decision rule. In the second column, show what the results would have been if you chose to revise the decision rule and your revised decision rule had been followed. For simplicity sake, ignore non-manufacturing costs and taxes.

2. Do you have any other recommendations for Paul to improve his operations?

accounts data bank

accounts data bank

Question

12. Which of the following situations best describes a business combination to be accounted for as a statutory merger?
A. Both companies in a combination continue to operate as separate, but related, legal entities.
B. Only one of the combining companies survives and the other loses its separate identity.
C. Two companies combine to form a new third company, and the original two companies are dissolved.
D. One company transfers assets to another company it has created.

13. A statutory consolidation is a type of business combination in which:
A. one of the combining companies survives and the other loses its separate identity.
B. one company acquires the voting shares of the other company and the two companies continue to operate as separate legal entities.
C. two publicly traded companies agree to share a board of directors.
D. each of the combining companies is dissolved and the net assets of both companies are transferred to a newly created corporation.

Rivendell Corporation and Foster Company merged as of January 1, 20X9. To effect the merger, Rivendell paid finder's fees of $40,000, legal fees of $13,000, audit fees related to the stock issuance of $10,000, stock registration fees of $5,000, and stock listing application fees of $4,000.

14. Based on the preceding information, under the acquisition method, what amount relating to the business combination would be expensed?
A. $72,000
B. $19,000
C. $53,000
D. $63,000


15. Based on the preceding information, under the acquisition method:
A. $72,000 of stock issue costs are treated as goodwill.
B. $19,000 of stock issue costs are treated as a reduction in the issue price.
C. $19,000 of stock issue costs are expensed.
D. $72,000 of stock issue costs are expensed.

16. Using the preceding information, what amount would have been expensed if the purchase method of accounting was used?
A. $0
B. $19,000
C. $53,000
D. $72,000

17. Using the preceding information, what amount would have been expensed if the pooling-of-interests method of accounting was used?
A. $0
B. $19,000
C. $53,000
D. $72,000

18. Burrough Corporation paid $80,000 to acquire all of Helyar Company's net assets. Helyar reported assets with a book value of $60,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000 on the date of combination. Burrough also paid $3,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as goodwill by Burrough Corporation while recording its investment in Helyar?
A. $0
B. $5,000
C. $8,000
D. $13,000

Plummet Corporation reported the book value of its net assets at $400,000 when Zenith Corporation acquired 100 percent ownership. The fair value of Plummet's net assets was determined to be $510,000 on that date.


19. Based on the preceding information, what amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zenith paid $550,000 for the acquisition?
A. $0
B. $50,000
C. $150,000
D. $40,000

20. Based on the preceding information, what amount will be recorded by Zenith as its investment in Plummet, if it paid $500,000 for the acquisition?
A. $610,000
B. $400,000
C. $500,000
D. $510,000

21. Based on the preceding information, what amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zenith paid $500,000 for the acquisition?
A. $0
B. $50,000
C. $150,000
D. $40,000