COCO SOLUTIONS ACADEMIC STORE

components of fraud - Answer opportunity rationalization financial pressure The Sarbanes-Oxley Act caused - Answer a system of internal controls independent auditors reasons to establish internal controls - Answer safe guard assets keep the books accurate make operations more efficient compliance with rules from the SEC Primary components of an internal control system - Answer to control the environment asses risk and minimize it control activities h...

Net Income - Answer Revenues - Expenses retained earnings - Answer net income-dividends Ending Retained Earnings - Answer beginning retained earnings + net income - dividends Basic Accounting Equation - Answer Assets=Liabilities-Stockholder's Equity Stockholders' Equity - Answer common stock + retained earnings Net cash flow - Answer cash inflows - cash outflows order of financial statements - Answer I REB C income statement, re...

Bonds Payable - Answer Which of the following is least likely would be classified as a current liability? A company reports the following selected accounts and balances after posting adjusting entries: Accounts payable, $16,000 Nine months, 8%, note payable, $46,000 Income tax expense, $5000 Salaries and wages expense: $23,000 Three-year, 10% note payable, $200,000 Salaries and wages payable: $10,000 Mortgage payable ($22,000 due next year), $1 million Rent payable: $8000 I...

Sole proprietorship - Answer A business owned by one person. Simple to set up and gives you control. Partnership - Answer A business owned by two or more persons who are associated. Partners bring unique skills and sometimes the individuals don't have enough resources on their own. Corporation - Answer A business organized as a separate legal entity owned by stockholders. Anyone can become an owner via stocks. Stocks are easy to sell. Easy to raise funds to due to sale...

At what value are accounts receivable reported on the balance sheet? - Answer Net realizable value The five basic issues in accounting for notes receivable are - Answer 1) determining the maturity date, 2) computing interest, 3) recognizing notes receivable, 4) valuing notes receivable, and 5) disposing of notes receivable. Michael Co. accepts a $4,000, 3-month, 12% promissory note in settlement of an account with Tony Co. Michael Co. records this transaction as - Answer...

Purchase using Perpetual Method - Answer Inventory xxx A/P xxx (if purchase was made on account) Purchase Return using Perpetual Method - Answer A/P xxx Inventory xxx (if purchase was made on account) Purchase Discount using Perpetual Method - Answer A/P xxx Cash xxx Inventory xxx (if purchase was made on account) Purchase Shipping - Answer Inventory xxx Cash xxx (if FOB shipping point) Net Purchases - Answer Purchase Price + Shipping? Fre...

Conservation Principle - Answer firms should NOT overstate assets and revenues or understate liabilities and expenses Lower of Cost or Market Principle - Answer Inventory should be valued at the lower of replacement cost or market value Gross Profit/Gross Margin - Answer = Net Sales Rev - Cost of Goods Sold Contra Revenue - Answer -pulling value away from your revenue - Net Income - Answer = GP - operating expenses Gross Profit Rate - Answer = ...

Which of the following is true with regards to the forms of business organization? - Answer Stockholders are generally not personally liable for their corporations' debts. Which of the following are considered to be an internal user of accounting data for a company? - Answer - A salesperson of a company - The president of a company - The finance director of a company NOT - Owners of the company Which of the following is the most appropriate definition of accounting infor...

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What proportion on the GDP is spent on health care? - Answer 0.18 Has health spending risen or fallen from - Answer Risen What was the health spending as a share of GDP in 2012? - Answer 17.2% What is the health spending as a share of GDP expected to be in 2022P? - Answer 19.9% By how much did the Health spending per Capita in the U.S. change from - Answer about $1,000 In terms of medicare and medicaid, has health insurance spending per enrollee inc...

Most expensive healthcare in the world (per capita and %) - Answer -U.S. spends the most on healthcare Health: a major source of uncertainty - Answer -people are uncertain when it comes to their health so they take preventative actions -uncertainty to demand health insurance because people don't know whats coming Contagious - Answer -externalities -other peoples health effecting you, & you effecting other people's health -getting vaccinations cause positive ext...

A Laspeyres price index of health care inflation typically overestimates year to year increases in the price of health. True or false? - Answer True. A Laspeyres price index does not take quality changes or new innovations into account, so it may indicate rising prices for health care when a given amount of health is actually becoming cheaper. The price of curing Hodgkin's disease has risen substantially between 1950 and 2000. True or false? - Answer False. In the 1950s, the pr...

Universal public (single payer) insurance is associated with each of the following EXCEPT: a. reduced equity b. increased moral hazard c. higher taxes d. reduced adverse selection - Answer reduced equity; Universal public (single payer) insurance increases equity. Private insurance mandates reduce the problem of ___ at the cost of ___. a. moral hazard; higher taxes b. moral hazard; equity c. adverse selection; choice (personal liberty) d. adverse selection; job lock - Answer ...

1- Which program has the highest expenditure per enrollee in the US? Medicaid Medicare Employer-sponsored health insurance Non-group health insurance - Answer medicare 1- Which statement is correct about US expenditure on health care in 2008? One out of every six dollars spent in the U.S. was spent on health care One out of every eight dollars spent in the U.S. was spent on health care One out of every four dollars spent in the U.S. was spent on health care One out of every ten...

Market - Answer settings where buyers and sellers to trade goods or services with each other. They can take a real physical place, like the Walmart store or a farmers' market, or they can be non-physical, that you cannot touch, like ebayand Amazon. Demand - Answer the amount of a good that buyers are willingand ableto purchase at a given price. You must be both willing AND able to buy in order to be part of demand. Only one is not enough Demand Schedule - Answer is a t...

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Roles of Professional Nurse - Answer 1. Promote Help 2. Prevent Illness 3. Treat human response to health and illness 4. Advocate for individuals, family, community and population Primary Prevention - Answer Activities to reduce the probability that a disease will develop (education or early detection to prevent illness) Secondary Prevention - Answer Early detection and treatment of disease: goal is to block progression of disease or an injury from developing (somet...

Liver - Answer dullness is normal right upper quadrant Spleen - Answer dullness is normal left upper quadrant Costovertebral angle - Answer CVA tenderness can be a sign of kidney problems such as infection or stones Cholecystitis/ Cholelithiasis - Answer Female, Fat, Forty Fever elevated neutrophils, AST/ALT, amylase diagnose with gallbladder ultrasound severe epigastric or RUQ pain that is referred to the shoulder Murphys sign severe, dull or boring,...

Nurse practitioner is palpating for the apical pulse. An apical impulse palpated beyond the fifth intercostal space may indicate - Answer Left ventricular hypertrophy/cardiac enlargement During an assessment of a 68 yo man with a recent onset of right sided weakness, the NP hears a blowing, swishing sound with the bell of the stethoscope over the left carotid artery. This finding would indicate - Answer blood flow turbulence/atherosclerotic disease of the left carotid artery th...

Macule - Answer < 1 cm in diameter, flat, non-palpable, circumscribed, discolored Patch - Answer > 1 cm in diameter, flat, non-palpable, irregular shape, discolored Papule - Answer < 1 cm in diameter, raised, palpable, firm Nodule - Answer > 1 cm, raised, solid Plaque - Answer > 1 cm, raised, superficial, flat-topped, rough Tumor - Answer Large nodule Wheal - Answer Raised, irregular area of edema, solid, transient variab...