Question

please answer all the questions

1) You can find a list of campus resources by clicking on the Home link on the left of the page. In the center of the page is a hyperlink to Campus Resources. True or false 2) Hypertext transfer protocol (HTTP) is a basic communications protocol used to receive e-mail. True or false 3) An intranet is a private network of internal Web sites and other sources of information available to a company's employees. True or false 4) Hackers are cybercriminals who gain unauthorized access to a computer or network, either to steal information, money or property or to tamper with data, only in the USA. If it is not in the USA then it is not considered a crime. True or false 5) Intellectual property has no commercial value. True or false 6) ...... is concerned with external users of information: consumers groups, unions, stockholders, and government agencies Managerial accounting / government accounting/financial accounting / stockholder accounting 7) An) is an economic resource that is expected to benefit a firm or individual who owns it. Assest/ liability / equity / account 8) The financial statement detailing a firm's assets, liabilities, and owners' equity is the income statement/statement of cash flows / balance sheet / manufacturing statement 9) Land, buildings, and equipment are Liquid assets/ fixed assets/depleted assets/ current assets represent the total cost of obtaining materials for making the products sold by a firm during the year. Net profits/ cost of goods sold / revenues / operation expenses 11) As the government's bank, the Fed produces the nation's paper currency and lends money to the government. True or false 12) Mortgage-backed securities were instrumental in the collapse of the housing and financial markets in 2008/2009. True or false 13) A i s a nondeposit financial institution that buys and sells stocks and bonds both for investors and for its own accounts. Credit union / securities investment dealer/finance company/pension company 14) The prime rate is the interest rate available to a bank's most creditworthy customers. Ture or false 15) The Federal Reserve decides how many bills to produce and how many to destroy, illustrating the divisibility characteristic of money. True or false

Answer 1

The above questions upto question 6 do not relate to the subject accounting

6. Evaluate the options:

The primary benificiary of financial accounting such as the outsiders like creditors, investors and lenders. Whereas managerial accounting helps the operational and other levels of managemnet within the entity.Stockholders accounting only deals with the interest of stock holders and hence the answer is Goverment accounting.

7.Answer: Asset ( definition as per IFRS)

8.Answer:Balance sheet deals with assets liablities and equity

Statement of cash flows deals with the cash flows and thier classifications as financial operating and investing whereas income statement deals with profit or loss for the year .lastly manufacturing statement delas profit gross from trading activities.

9.Answer: Fixed assets :assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment.

10.Cost of Goods sold refeers to the direct cost of good sold by the entity.

direct costs include materials labour and directly attributable overheads.

11.True

The Fed's three functions are to: conduct the nation's monetary policy, provide and maintain an effective and efficient payments system, and. supervise and regulate banking operations.

12.True

13.Lets evalaute each of the options: None of the given options fit into the criterion

a) A securities investment dealer is an individual . Hence doesnt fit into the financial institution criteria given though he deals with buying and selling of stock and bonds on behalf of others.- False

b) Finance Company: Does not deal with stocks and shares- False

c)Credit union- False since credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its services to just the members of the group.

d) Pension company :A workplace (or company) pension is one that's arranged for you by your employer. They work by you paying a percentage of your salary into the pension scheme every payday.Hence False

14. Answer: True

A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to favoured customers—i.e., those with good credit.