interested parties to express their views on issues under consideration. identifies the accounting issues that are the most important. requires that all accountants receive a copy of financial standards. Points Received: 5 of 5 Question 2. Question : (TCO A) The cash method of accounting is used by most publicly traded corporations for financial statement purposes. is not in accordance with the matching principle for most publicly traded corporations. often is used on the income
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in the business I have been in”. To me this sound arrogant but it works for him! Therefore‚ because Mark Cuban believes in himself he can act out as a eccentric fan because he doesn’t seem to mind the money or the respect it costs him. 2. Would you describe Mark Cuban as a Type A or Type B personality type? I would say that Mark Cuban is 100% type A. Some of the key characteristics that lead me to believe this is that most type A’s have a exaggerated sense of time making
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operating cost per month $3‚150‚000 1. What is the break-even point in passengers and revenues per month? Unit CM = $160 – $70= $90 a.) Unit of Sales = 3‚150‚000 / $90= 35‚000 passengers b.) Unit of Sales = 35‚000 x $160= $5‚600‚000 revenue 2. What is the break-even point in number of passenger train cars per month? Unit of Sales = 35‚000/63= 555.5= 556 passenger cars (rounded) 3. If Springfield Express raises its average passenger fare to $ 190‚ it is estimated that the average load
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Fouch Company makes 30‚000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials 15.70 Direct labor 17.50 Variable manufacturing overhead 4.50 Fixed manufacturing overhead 14.60 Unit product cost 52.30 An outside supplier has offered to sell the company all of these parts it needs for $51.90 a unit. If the company accepts this offer‚ the facilities now being used to make the part could be used to make
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FIELD STUDY 2: EXPERIENCING THE TEACHING LEARNING PROCESS FOCUS I: Meaningful Learning Experiences 1st Teacher: Mr. Danilo Palacpac . FACTORS COGNITIVE ABILITY METACOGNITIVE ABILITY MOTIVATIONAL PROCESS 1)Methods/ Strategies a. Inductive/ Deductive Students are able to defined what is asked by the teacher and they are able to give examples. To be critical on what they will define and also in giving examples. They are able to think critically. The teacher
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Supply Chain Management at BOSE Corporation Objective: To analyze and review the current state of the Bose Corporation’s supply chain strategies. To ultimately identify the benefits‚ risks and overall practicality of the Bose Corporation fully implementing both their own new and unique EDI system and just-in-time system known as JIT II. Executive Summary: This report provides an analysis and evaluation of the current and future status of the Bose Corporation supply management system. This
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The simulation exercise titled “Anatomy of Care: Janice” presented a complex situation when Janice didn’t have enough nurses in her unit and the VP called and reminded her about the scheduled meeting. At the start of the shift‚ she responded unprofessionally to the situation by giving directions to her staff while on a personal call and reacting negatively to any patient update provided by staff. Janice also created bad impression to Elise (the new nurse) when the latter asked about her assignment
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intended to serve as a replacement for your own. Issues in Financial Reporting & Analysis – Semester 1 2010 2 Positive Accounting Theory Positive Accounting Theory Background In previous accounting subjects‚ we explored what should happen when a firm uses a particular set of accounting principles and practices. However‚ in real life‚ we know this is not always the case. Hence‚ Positive Accounting Theory (PAT) tries to explain‚ and possibly predict‚ accounting practices. Assumptions
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Study Guide Chapter 5 1. “More than a toleration of an alien culture is required…there is need for affirmative acceptance as different but equal.” Elaborate. This statement refers to cultural adaptation. It is important for different cultures to meet in the middle and not lose what makes their culture unique. There are three aspects to adaptation. These are‚ cultural imperatives‚ cultural electives‚ and cultural exclusives. Imperatives are aspects of business that all cultures come
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Case 2-2: 1. With respect to the adjustments related to goodwill‚ answer the following: a. Why does the adjustment for goodwill amortization increase net income under Country A GAAP but decrease net income under Country B GAAP? The adjustment for goodwill amortization increases net income under Country A GAAP but decrease net income under Country B GAAP because of how SKD amortizes goodwill for a period of 20 years while for Country B goodwill is only amortized for a period of 5 years. This leads
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