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41) Which of the following statements regarding information technology (IT) is true? A) Information technology (IT) refers to the products, methods, inventions, and standards that are used for the purpose of producing information. B) Information technology is an umbrella term that covers information systems and the products, methods, inventions, and standards used.

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  • 41) Which of the following statements regarding information technology (IT)
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46) Use the following information to do a horizontal analysis of Carlin Corporation's balance sheet for the end of the current and prior years. Fill in the table. Account Current Prior Dollar Change % Change Current assets $126,000 $ 90,000 Accounts receivable $ 99,000 $110,000 Merchandise inventory $ 69,285 $ 74,500 Current liabilities $ 42,000 $ 37,500 Long-term liabilities $ 63,000 $ 60,000 Common stock $ 44,440 $ 44,000 Retained earnings $144,845 $133,000 47) Use.

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  • 46) Use the following information to do a horizontal analysis
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31) Which of the following components constitute the computer side of information systems? A) software and data B) data and hardware C) people and procedures D) hardware and software 32) Which of the following components constitute the human side of information systems? A) software and procedures B) data and people C) people and procedures D) hardware and people 33) Which.

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  • 31) Which of the following components constitute the computer side
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1) Sustainability is an expense item only. An organization choosing sustainability will see reduced profits. 2) Environmental sustainability should only be the concern of large multinational manufacturing corporations. 3) Sustainability considers not only the needs of the present generation, but also the needs of future generations. 4) Government grants and tax credits increase.

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  • 1) Sustainability an expense item only. An organization choosing sustainability
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154) The following information relates to Truman Unlimited for the past two years. Account Current year Prior year Net sales (all credit) $219,000 $180,000 Cost of goods sold $125,000 $110,000 Gross profit $  94,000 $  70,000 Income from operations $  32,000 $  30,000 Interest expense $    2,000 $    7,000 Net income $  25,000 $  18,000 Cash $  25,000 $  17,000 Accounts receivable, net $  26,000 $  35,000 Inventory $  65,000 $  60,000 Prepaid expenses $    2,000 $    1,000 Total current assets $118,000 $113,000 Total long-term assets $162,750 $187,751 Total current.

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  • 154) The following information relates to Truman Unlimited for the
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172) The following information relates to Tappan Corporation. Account Current year Prior year Net sales (all credit) $ 52,000 $ 46,000 Cost of goods sold $ 25,000 $ 25,600 Gross profit $ 27,000 $ 20,400 Income from operations $ 9,000 $ 6,000 Interest expense $ 1,000 $ 7,000 Net income $ 6,000 $ 4,500 Cash $ 4,000 $ 3,500 Accounts receivable, net $ 8,000 $ 9,000 Inventory $ 13,000 $ 11,000 Prepaid expenses $ 500 $ 400 Total current assets $ 25,500 $ 23,900 Total long-term assets $.

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  • 172) The following information relates to Tappan Corporation. Account Current year
  • Accounting
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169) The following information relates to Bennett Corporation. Account Current year Prior year Net sales (all credit) $529,250 $499,500 Cost of goods sold $379,575 $353,600 Gross profit $149,675 $145,900 Income from operations $ 95,500 $ 79,900 Interest expense $ 23,500 $ 19,500 Net income $ 57,385 $ 51,600 Cash $ 26,000 $ 15,900 Accounts receivable, net $ 33,800 $ 23,340 Inventory $ 42,000 $ 30,300 Prepaid expenses $ 2,000 $ 1,500 Total current assets $103,800 $ 72,040 Total long-term assets $ 62,000 $ 38,000 Total current.

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  • 169) The following information relates to Bennett Corporation. Account Current year
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21) For maximum effectiveness sustainable strategies are often implemented at which stage of an organization's value chain? A) Design B) Production C) Distribution D) Research 22) A common definition of ________ is the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. A) environmental management.

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  • 21) For maximum effectiveness sustainable strategies often implemented at which
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11) Which of the following is a reason an organization would pursue sustainability? A) To improve its competitive position B) To save money C) To appease shareholders D) All of the above 12) Environmental sustainability is the primary concern of which of the following types of organizations? A) Large domestic corporations B) Global service firms C) Manufacturing firms D).

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  • 11) Which of the following a reason an organization would
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31) Hardware is the easiest to change of the five components of an information system. 32) Information technology and information systems are synonymous terms. 33) Information technology is an assembly of hardware, software, data, procedures, and people that produces information. 34) Information system refers to the products, methods, inventions, and standards that are.

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  • 31) Hardware the easiest to change of the five components
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134) The Bedford Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year End of prior year Net sales revenue (all credit) $ 1,220,000 Cost of goods sold $ 725,000 Gross profit $ 495,000 Selling/general expenses $ 280,000 Interest expense $ 42,000 Net Income $ 173,000 Current assets $.

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  • 134) The Bedford Corporation reported the following income statement and
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84) Presented are the income statements of Bostick and Stemple Publications companies for the current year: Bostick   Stemple   Net sales revenue $487,000    100.00% $500,000 100.00% COGS 400,000 82.14% 395,000 79.00% Gross Profit 87,000 17.86% 105,000 21.00% Selling/Gen Expenses 30,000 6.16% 50,000 10.00% Income from operations 57,000 11.70% 55,000 11.00% Income tax expense 17,100 3.51% 16,500 3.30% Net Income $  39,900 8.19% $ 38,500 7.70% Which company has the better relationship between gross profit and net sales revenue? A) Impossible to determine B) Both have the same relationship C).

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  • 84) Presented the income statements of Bostick and Stemple Publications
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114) Which of the following is the formula to compute day's sales in receivable? A) Cost of goods sold/average inventory B) Net credit sales/average inventory C) Net credit sales/average net accounts receivable D) Average net accounts receivable/one day's sales 115) The formula to compute the debt ratio is A) interest expense/income from operations. B) total liabilities/total.

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  • 114) Which of the following the formula to compute day's
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144) The following information relates to Woolf Unlimited for the past two years. Account Current year Prior year Net sales (all credit) $237,250 $180,000 Cost of goods sold $115,000 $110,000 Gross profit $122,250 $ 70,000 Income from operations $ 32,000 $ 30,000 Interest expense $ 2,000 $ 7,000 Net income $ 24,000 $ 18,000 Cash $ 22,000 $ 14,000 Accounts receivable, net $ 25,000 $ 31,000 Inventory $ 56,000 $ 44,000 Prepaid expenses $ 2,000 $ 1,000 Total current assets $105,000 $ 90,000 Total long-term assets $150,000 $175,000 Total current.

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  • 144) The following information relates to Woolf Unlimited for the
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41) The role of accounting in sustainability is limited to mandatory external reporting. 42) Materials costs of product outputs category is similar to indirect materials since it becomes part of the final product. 43) Physical information has not been a traditional component of managerial accounting systems. 44) Environmental management accounting (EMA) utilizes three.

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  • 41) The role of accounting in sustainability limited to mandatory
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73) Use the following information about The Conley Company to do a vertical analysis of the income statement for the current year. Fill in the missing components in the table. Account Current Prior Percent Net sales revenue $350,000 $ 312,000 Cost of goods sold $192,500 $ 215,000 Gross profit $157,500 $   97,000 Selling/general expenses $ 84,000 $   36,500 Net income before tax $ 73,500 $   60,500 Income.

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  • 73) Use the following information about The Conley Company to
  • Accounting
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1) Generally, using more than one year of data to analyze company performance is desirable. 2) Investors and creditors generally evaluate a company by using a single year's data. 3) Most financial statement analysis covers trends of more than one year. 4) Horizontal analysis is the study of percentage changes in comparative financial.

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  • 1) Generally, using more than one year of data to
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31) The McCumber Corporation data for the current year: Account Current year Prior year Current assets $76,200 $60,000 A/R $59,400 $44,000 Mdse. Inventory $51,200 $40,000 Current liabilities $82,500 $55,000 Long-term liabilities $38,000 $30,000 Common stock (5,000 shares) $47,880 $42,000 Retained earnings $18,420 $17,000 Net sales revenue $618,000 $515,000 COGS $478,140 $385,000 Gross Profit $139,860 $130,000 Selling/General expenses $47,860 $50,000 Net income before taxes $92,000 $80,000 Income tax expense $23,000 $20,000 Net Income $69,000 $60,000 With respect to common stock, what would a horizontal analysis report? A) Stockholder's equity as 7.75% of total capital B) Sales return of.

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  • 31) The McCumber Corporation data for the current year: Account Current year
  • Accounting
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170) he following information relates to Harris Corporation. Account Current year Prior year Net sales (all credit) $520,125 $499,500 Cost of goods sold $375,960 $353,600 Gross profit $144,165 $145,900 Income from operations $ 95,500 $ 79,900 Interest expense $ 23,500 $ 19,500 Net income $ 57,600 $ 51,600 Cash $ 30,600 $ 15,900 Accounts receivable, net $ 33,800 $ 23,200 Inventory $ 42,000 $ 30,300 Prepaid expenses $ 2,000 $ 1,500 Total current assets $ 108,400 $ 70,900 Total long-term assets $ 62,000 $ 38,000 Total.

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  • 170) he following information relates to Harris Corporation. Account Current year Prior year
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81) An EMA system only requires aggregated data to function effectively. 82) Traditional accounting systems focus on historical information, while EMA systems must also utilize future-oriented information. 83) Due to the relative infancy of environmental management accounting, the tools utilized are continuously being developed and improved. 84) For an EMA system to be.

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  • 81) An EMA system only requires aggregated data to function
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21) The Nichols Corporation data for the current year: Account Current year Prior year Current assets $75,600 $60,000 A/R $59,400 $44,000 Mdse. Inventory $51,200 $40,000 Current liabilities $71,500 $55,000 Long-term liabilities $36,000 $30,000 Common stock (5,000 shares) $47,460 $42,000 Retained earnings $31,240 $17,000 Net sales revenue $607,700 $515,000 COGS $469,700 $385,000 Gross Profit $138,000 $130,000 Selling/General expenses $49,080 $52,000 Net income before taxes $88,920 $78,000 Income tax expense $20,520 $18,000 Net Income $68,400 $60,000 What would a horizontal analysis report with respect to long-term liabilities? A) Long-term liabilities increased by $6,000. B) Long-term liabilities decreased by 5.92%. C).

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  • 21) The Nichols Corporation data for the current year: Account Current year P
  • Accounting
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11) You constantly analyze your work in terms of the contribution that you make to the overall output of your organization. This shows your ________ skill. A) collaboration B) experimentation C) systems thinking D) interpersonal 12) When presenting an idea to her colleagues, Marjorie failed to consider others' perspectives and got defensive when people asked.

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  • 11) You constantly analyze your work in terms of the
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171) The following information relates to The Roberta Corporation. Account Current year Prior year Net sales (all credit) $445,400 $362,000 Cost of goods sold $220,000 $185,000 Gross profit $225,400 $177,000 Income from operations $ 72,000 $ 80,000 Interest expense $ 8,000 $ 14,000 Net income $ 40,000 $ 35,000 Cash $ 34,000 $ 28,000 Accounts receivable, net $ 42,000 $ 62,000 Inventory $120,000 $100,000 Prepaid expenses $ 4,000 $ 2,000 Total current assets $200,000 $192,000 Total long-term assets $200,000 $230,000 Total current liabilities $100,000 $165,000 Total long-term liabilities $ 44,000 $ 95,000 Common stock, no par, 8,000.

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  • 171) The following information relates to The Roberta Corporation. Account Current year
  • Accounting
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51) A ________ is a measure of the total emissions of carbon dioxide and other greenhouse gases. A) carbon footprint B) waste footprint C) carbon mark D) water footprint 52) All of the following represent monetary information in an environmental management accounting system except A) cost of lumber used in tables. B) wages of workers needed to.

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  • 51) A ________ a measure of the total emissions of
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