Acct 505 week 8 Study guides, Class notes & Summaries
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Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023,100% CORRECT
- Exam (elaborations) • 10 pages • 2024
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Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023 
 
2 separate w-3's - CORRECT ANSWER Form 1096 
 
1 consolidated Form w-3 
 
Form 8279 
 
2 separate w-3's 
 
general valuation rule - CORRECT ANSWER actual market value 
 
actual cash value 
 
general valuation rule 
 
implied benefit rule 
 
employee - CORRECT ANSWER Independent contractor 
 
w-4 exempt 
 
employee 
 
exempt from FLSA 
 
$150 - CORRECT ANSWER $0 
 
$150 
 
$165 
 
$210 
 
written authorization -...
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ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2022
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ACCT 505 WEEK 8: FINAL EXAM GUIDE 
1. (TCO E) Complying with regulations is a(n) (Points : 5) 
 batch-level activity. 
 product-level activity. 
 unit-level activity. 
 organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $90,000 
Net operating income $18,000 
Contribution margin $40,000 
Average operating assets $100,000 
Stockholder's equity $250,000 
(Points : 5) 
 7.2% 
 20.0% 
 18.0% 
 44.4% 
Page 2 
1. (TCO C) Madlem, Inc., produces and sells a...
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Test Bank For College Accounting A Career Approach 12e Cathy J Scott
- Exam (elaborations) • 409 pages • 2023
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Chapter 03 
1. Which of the following is/are not true about a proper journal entry? 
a. An explanation is needed immediately after each debit and immediately after each 
credit. 
b. All credits are indented. 
c. A debit is never indented, even if a liability or owner's equity account is involved. 
d. All debits are listed before the first credit. 
e. In a compound entry, the largest amounts are listed first. 
ANSWER: 
POINTS: 
DIFFICULTY: 
LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARD...
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Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023,100% CORRECT
- Exam (elaborations) • 10 pages • 2024
-
- $11.39
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Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023 
 
2 separate w-3's - CORRECT ANSWER Form 1096 
 
1 consolidated Form w-3 
 
Form 8279 
 
2 separate w-3's 
 
general valuation rule - CORRECT ANSWER actual market value 
 
actual cash value 
 
general valuation rule 
 
implied benefit rule 
 
employee - CORRECT ANSWER Independent contractor 
 
w-4 exempt 
 
employee 
 
exempt from FLSA 
 
$150 - CORRECT ANSWER $0 
 
$150 
 
$165 
 
$210 
 
written authorization -...
-
ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2022
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- $17.99
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ACCT 505 WEEK 8: FINAL EXAM GUIDE
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ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2022
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- $9.94
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ACCT 505 WEEK 8: FINAL EXAM GUIDE 
1. (TCO E) Complying with regulations is a(n) (Points : 5) 
batch-level activity. 
product-level activity. 
unit-level activity. 
organization sustaining activity. 
2.
-
ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 10 pages • 2022
-
- $9.94
- + learn more
ACCT 505 WEEK 8: FINAL EXAM GUIDE 
1. (TCO E) Complying with regulations is a(n) (Points : 5) 
batch-level activity. 
product-level activity. 
unit-level activity. 
organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $90,000 
Net operating income $18,000 
Contribution margin $40,000 
Average operating assets $100,000 
Stockholder's equity $250,000 
(
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A Mercy College Education
- Summary • 310 pages • 2024
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Campuses 
The main campus of Mercy College is located on the scenic Hudson River in picturesque Dobbs 
Ferry with additional campus locations in the Bronx, Manhattan, and Yorktown Heights. The 
college also offers a thriving online campus. The academic offerings of Mercy College are 
available at all locations, making the educational process more convenient and accessible to 
students from the New York metropolitan area. Mass transportation options abound, making 
Mercy College easy to acc...
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ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2022
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- $10.99
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ACCT 505 WEEK 8: FINAL EXAM GUIDE 
1. (TCO E) Complying with regulations is a(n) (Points : 5) 
 batch-level activity. 
 product-level activity. 
 unit-level activity. 
 organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $90,000 
Net operating income $18,000 
Contribution margin $40,000 
Average operating assets $100,000 
Stockholder's equity $250,000 
(Points : 5) 
 7.2% 
 20.0% 
 18.0% 
 44.4% 
Page 2 
1. (TCO C) Madlem, Inc., produces and sells a...
-
ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2022
-
- $13.00
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ACCT 505 WEEK 8: FINAL EXAM GUIDE