Learning Team Week 5 ACC/349 Problem P8-2A Variable Cost per unit: Direct materials $50 Direct labor $25 Variable manufacturing overhead $20 Variable selling and administrative expenses $18 Total Variable Cost $113 Fixed cost per unit: Total Cost ÷ Budgeted Volume = cost per unit Fixed manufacturing overhead $600‚000 ÷ 50000 = 12 Fixed selling and administrative expenses $400‚000 ÷ 50000 = 8 Fixed cost per unit 1‚000‚000 $20 Total
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ACC/291 March 25‚2012 Liquidity Ratios Current Ratio: Current Assets/Current Liabilities 2005 $14‚555‚092/ $6‚974‚752= 2.09:1 2004 $14‚643‚456/ $6‚029‚696=2.43:1 Acid Test Ratio: Cash+ Short-Term Investments + Receivables (Net)/ Current Liabilities 2005 $305‚563 + $283‚583 +$6‚133‚663/ $6‚974‚752= .96:1 2004 $357‚216 + $133‚504 + $5‚775‚104/ $6‚029‚696=1.04:1 Receivables Turnover: Net Credit Sales/ Average Net Receivables 2005 $50‚823‚685/ ($6‚133‚663 + 5‚775‚104/2) $50‚823‚685/
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In this file ACC 561 Week 1 Individual Assignment Financial Statement Differentiation Paper there is a review of the following parts: 1. Balance Sheet 2. Income Statement 3. Statement of Retained Earnings 4. Statement of Cash Flows 5. Which statement or statements would be of most interest to investors? Business - Accounting Write a paper of no more than 700 words discussing the four different types of financial statements. Explain the information provided
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This file of ACC 492 Week 5 Case Study Assignment contains: An Interactive Learning Approach‚ (3rd edition)‚ by Beasley‚ Buckless‚ Glover‚ and Prawitt: Case 12.4: Surfer Dude Duds‚ Inc.: Considering the Going-Concern Assumption Business - Accounting Learning Team Case Study Assignment and Presentation Resource: Case 4.1: Enron Corporation and Andersen‚ LLP: Analyzing the Fall of Two Giants in Auditing Cases Complete the questions at the end of the case. Prepare
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ACC 561 Final Exam Study Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-561-final-exam-study-guide/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: Question 1 Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Harder to transfer ownership. Most common form of organization. Reduced legal liability for investors. Lower
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Discussion Questions Week 1 Alejandra Duran MGT/230 What is management? Why is management necessary? How do you think management has evolved? Management is the coordination of work activities carried out so efficiently and effectively with others and through them. Management is necessary because in the work place employees need a leader to follow. I believe management has evolved because now‚ a manager performs more and more activities in order to accomplish a specific
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Discussion Questions 1. Complete the following statements by filling in the blanks with either “moral” or “nonmoral” (eg.‚ factual‚ scientific‚ legal): a. Whether or not dumping should be permitted is a moral question. b. “Are dangerous products of any use in the third world?” is a nonmoral (scientific) question. c. “Is it proper for the U.S. government to sponsor the export of products overseas?” is a moral question. d. Weather or not the notification system works as its supporters
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CHAPTER 1 Discussion Questions 1 Discuss the differences between internal and external users of information and their needs and demands on an information system. Historically‚ which type of user has the firm catered to most? 4. An information system must meet three fundamental objectives. Discuss why these objectives cannot effectively be met by a common set of information. 9. Discuss what is meant by the statement‚ “The accounting system is a conceptual flow of information that represents physical
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ACCT 101 PRACTICE QUESTIONS by Adekoya Ayodele OBJECTIVE The objective of this project is to enable student to record transactions into the accounting cycle. The second objective is to enable them record adjustments and post them to the General Ledger The third Objective is to enable them prepare accurate Income Statements and Balance Sheets. INSTRUCTIONS: Each group is required to 1. Journalize the transactions 2. Post the transactions from journal to ledgers. 3. Prepare
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From your ethical perspective‚ should government have an absolute prohibition on commercial access or should there be a working compromise with companies? In my opinion‚ the government should have absolute prohibition on commercial access to forestland. With the advancement of urban sprawl‚ there needs to be appropriate safeguards put in place to preserve the forest for future generations to enjoy. With urbanization and commercialization come chemicals that can adversely affect the environment.
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