ASSIGNMENT Accounting Manager Decision Making Submitted by: Ashish Lakhani Submitted to: Tariq Shameem Case 5-35 | (a) | Stage 1: Allocation of S1 and S2 costs to production departments | | | | Department P1 | Department P2 | | | Directly traceable | $480‚000 | $780‚000 | | | S1 | 1‚176‚000 × = 420‚000 | 1‚176‚000 × = 756‚000 | | | | | | | | S2 | 1‚120‚000 × = 280‚000 | 1‚120‚000 × = 840‚000 | | | | | | | | Total support | $1‚180‚000 | $2
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Multiple Choice (12 marks) Choose the best answer for each of the following 8 multiple choice questions. Circle your answer directly on the quiz booklet. Only one answer will be accepted for each multiple choice question. There is no penalty for guessing. Question No. 1 (2 marks) Bobcat Company uses a job-order costing system. During April‚ the following costs appeared in the Work in Process Inventory account: Beginning balance $ 24‚000 Direct material used 70‚000 Direct labor incurred 60
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| | |Attending college has what effect on political attitudes? | |Answer | |Correct Answer:
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I. Chapter 7: Democracy & Human Rights A. Define terms a. Nationalism – the intense belief in the worth‚ rightness‚ and glory of one’s own nation. b. Patriotism – devotion to one’s country. c. Nation – a subnational entity. d. Nation-state – a sovereign entity that represents the interests of people who share a common culture as well as a common territory. e. Sovereignty – control‚ such as of a state or nation. f. Democracy – rule by the people
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Week 3: Accounting for Intangible Assets Introduction Change from a manufacturing to a “knowledge based” industry Increase market to book gap Intangible Assets play a major role Assets: Definition * Resource controlled by an entity as a result of past events from which future economic benefits are expected to flow to the entity Assets Recognition Criteria * Recognition Criteria * Under AASB Framework (par 89) an asset is to be recognised in the balance sheet only when * It
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Internet Based Tax Briefing 1 – Haig Simmons Aqeel A Sahibzada‚ University of Maryland University College ACCT 613/9040 – Professor Bruce McClain October 14‚ 2012 Subject: Haig Simmons – Loss recognition on anthracite coal future contracts‚ capital or ordinary loss Facts Taxpayer Haig Simmons operates an in home coal heating and delivery service for consumer uses in Baltimore and Anne Arundel counties. Due to the instability of coal resources and prices‚ Haig Simmons enters
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Vania Yarijanian Acct 325 Leader and Follower Society is made up of leaders and followers. While many wants to‚ not all can be leaders. A leader is somebody who guides or directs others by showing them the way. A leader is someone that can influence people. He is someone that people want to follow and respect‚ makes good decisions‚ can think quickly. He is self-confident‚ and knows what to do next. A leader is someone who can guide others to their own empowerment. My parents always told me to be
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1. Toys “R” Us SWOT. a. Strengths: 1‚500 superstores not including the 200+ stores that it holds under the brand Babies R Us. Successful collaboration with Amazon.com‚ diversified portfolio of products‚ and advanced logical systems. b. Weaknesses: Dependent on seasonal sales‚ Main stronghold is the brand itself (has lost top spot to Wal-Mart). c. Opportunities: There are opportunities for joint ventures and strategic alliances. Toys R Us works closely with Amazon.com which plays
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Chapter 5 The Working Cell Energy • Capacity to do work • Types of energy – – – – Kinetic energy – energy of motion Potential energy – stored energy Thermal energy - heat Chemical energy - potential energy of molecules • Thermodynamics – Study of energy Oxidation-Reduction Reactions • When an atom or molecule loses an electron‚ it is said to be oxidized – process called oxidation • When an atom or molecule gains an electron‚ it is said to be reduced – process called reduction
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According to our textbook the closing process serves a dual purpose 1. The temporary accounts (revenues‚ expenses‚ gains and losses) are reduced to zero balances‚ ready to measure activity in the upcoming accounting period‚ and 2. These temporary accounts are closed (transferred) to retained earnings to reflect changes that have occurred during that accounting period. (Spiceland p. 79). There are three times during an accounting period when a company should perform a closing process‚ daily‚ monthly
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