Depreciation‚ rent‚ heat and light are not affected by the order; for this reason‚ we should only take half of the material‚ labor‚ power and other costs. Opportunity Cost = 25.000 - 1/2 x (16.000 + 18.000 + 800 + 1.800) = 25.000 - 18.300 = 6.700$ 4) The sunk costs related to the order ** Since depreciation‚ rent‚ heat and light‚ power cannot be changed by any decision‚ these are sunk costs. Sunk costs =
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NAME Xinxin Xu ACC 304 Bond Simulation Research Project #2 (Due Tuesday‚ March 11) 25 Points Using this template‚ complete all the blanks shown. 1. Situation: On January 1‚ 2013‚ Loyola Enterprises issued 9% bonds with a face value of $400‚000 when the market rate was 6%. The bonds are due in 10 years‚ and interest is payable June 30 and December 31. Note: Nothing is required by the student for this section (use this information in Section 3). 2. Concepts: During 2013‚ Loyola had several
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ACC205Week 5 Final Paper (WalMart Financial Analysis Report) 1 Rosie Collins ACC 205: Principle of Accounting I Traci West March 31‚ 2014 ACC205Week 5 Final Paper (WalMart Financial Analysis Report) 2 Financial accounting reports‚ to include balance sheets and income statements provide accountants and the general public a snap shot of a company’s overall financial condition and
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The Effects of Technology on the Accounting Profession ACC 340 The Effects of Technology on the Accounting Profession The adage‚ “Time is money” has never been more true at any point in history than it is today. For the certified public accountant (CPA)‚ the adage holds even more significance as the more time a CPA has to spend in a project‚ the less valuable that project becomes. It also means less time to devote to the next project. Technology has aided the CPA in numerous ways in recent years
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Week Five Team Reflection ACC 421 2014 Team B Week Five Reflection This week learning team “B” has discussed the concept of time value of money. One will be able to understand the importance of time value of money‚ the different ways to compute interest‚ information about present value and future value‚ and the how time value relates to accounting. Importance of Time Value of Money Time value of money deals with the relationship between money and time (Kieso‚ Weygandt
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Absorption Based Costing – Managerial Analysis Liliana Evans ACC 561 11 May 2014 Professor Jill Datema Absorption Based Costing – Managerial Analysis Absorption based costing method (ABC) is used by companies to identify activities that it performs and then assigns direct and indirect costs to the product’s overall pricing. This method helps businesses determine the cost drivers that influence the product’s sales price by increase or decrease. ABC uses cost drivers‚ such
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The Mayor should instead build a new nursing home and then knock down the old one to build the mall and resort in the town The Mayor who may only look at choices as a one-way street should accept the decision of the proposal only because if the community needs the economic boost it should be looked upon as a positive upbringing rather than a negative effect on the town. The Mayor faces a hard decision because he does not want to leave anyone behind. Even though the mall may be nice‚ both sides
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Today’s business environment is becoming increasingly complex. Companies are new constantly implementing new technologies processes to help with output and efficiencies. With every technology and process the correct controls must be put in place. In addition to these self implemented tools‚ companies are under increased government regulation to validate their internal processes and controls. All of this activity needs a point person. That point person is the internal auditor. The purpose of this
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P9-7A The intangible assets section of Redeker Company at December 31‚ 2011‚ is presented below. Patent ($70‚000 cost less $7‚000 amortization) $63‚000 Franchise ($48‚000 cost less $19‚200 amortization) 28‚800 * Total $91‚800 * The patent was acquired in January 2011 and has a useful life of 10 years. The franchise was acquired in January 2008 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2012. Jan. 2 Paid $45‚000
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401 Week 5 Assignment ACC401/Federal Income Taxes Instructor: Jacob Burdick February 16‚ 2013 Ch.14 48. A partner contributes property to a partnership; the basis of the property carries over to the partnership (outside basis). This concept is known as basis –in‚ basis –out. So‚ Denise’s beginning basis should be: Basis Cash $ 20‚000 Office equipment $ 5‚000 Auto $ 6‚000 Partnership Basis $ 31‚000 49. A. what is Patti’s basis in her partnership interest
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