I have read and understood the penalties involved if I do not abide by the rules outlined on the back of this examination paper. Student Signature: Student ID Number Course: Subject Area: Catalog Number: Paper Number: Component: Theory of Accounting ACCT 29083 1 ALL Components Duration: Perusal Time: Lecturer: Moderator: 180 minutes 15 minutes Sheikh Rahman (FBI) Stacey Cowan Restrictions: Closed Book Contact Number: Contact Number: (03) 8662 0810 (07) 4150
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November 20‚ 2013 Juvenile crimes are the various offenses that children under the age of eight-teen commit. The acts involved in these crimes are called juvenile delinquency. The issue of juvenile delinquency has been a rising issue in the American society for decades. As we take a look into the factors behind this problem we will also look into what changes have been made to the juvenile justice system to combat this. Factors behind juvenile delinquency is said to be mental illness and
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JUST-IN-TIME‚ AND SIMPLIFIED COSTING METHODS 20-1 Cost of goods sold (in retail organizations) or direct materials costs (in organizations with a manufacturing function) as a percentage of sales frequently exceeds net income as a percentage of sales by many orders of magnitude. In the Kroger grocery store example cited in the text‚ cost of goods sold to sales is 76.8%‚ and net income to sales is 0.1%. Thus‚ a 10% reduction in the ratio of cost of goods sold to sales (76.8 to 69.1% equal to 7.7%)
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in the production of each parka. (a) By minimizing cost subject to the production function‚ derive the cost-minimizing demands for K and L as a function of output (q)‚ wage rate (w)‚ and rental rates on machines (r). Use these results to derive the total cost function: that is‚ costs as a function of q‚r‚ w‚ and the constant $10 per unit materials cost. (b) Polly’s Parkas plans to produce 2000 parkas per week. At the factor prices given above‚ how many workers should the firm hire (at 40
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ability to make or break an organization and often take weeks or month to evaluate all possible alternatives. This paper will discuss the Ford Motor Company’s dilemma regarding the 1968 Pinto. Decision making is the process of making choices based on the values‚ preferences and alternatives of information gathered. In 1968 Ford Motor Company redesigned the Ford Pinto in that they changed the location of the gas tank to the rear of the vehicle. The problem with this designed was that it created an
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this formula Direct labor cost = 40000 = 6250 Hours Per D.Labor hours rate 6.40 1) Prime Cost (2) Conversion Cost Material opening 24000 Direct labor 40000 + purchase 56000 FOH Applied Material available for use 80000 6250 Hours@ 8 50000 - Material ending (20000) Conversion cost 90000 Material used 60000 + Direct labor 40000 Prime Cost 100000 (3) Cost of goods manufactured (4) Cost of goods sold Prime cost 100000 Cost of goods manufactured
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Accounting Information Systems: An Overview The ’systems’ concept was created in order to minimize common errors such as duplications and‚ overall‚ encourage ‘integration’. Systems are almost always composed of subsystems‚ which are in charge of specific functions needed to support the larger organism. Subsystems are expected to follow the main organization’s goals even if it implies not meeting their specific targets. The value of the information reported by an entity is the difference between
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fully allocating all costs to products‚ customers‚ and other costing objects in an activity-based costing system. This results in overstated costs. More accurate product costs may result in increasing the selling prices of some products. 3. Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 8‚000 units and of Product B is 6‚000 units. There are three activity cost pools‚ with total cost and total activity as
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manufactures a unique model of bicycle helmet. The company began operations December 1‚ 2013. Its accountant quit the second week of operations‚ and the company is searching for a replacement. The company has decided to test the knowledge and ability of all candidates interviewing for the position. Each candidate will be provided with the information below and then asked to prepare a series of reports‚ schedules‚ budgets‚ and recommendations based on that information. The information provided to
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Article Review Journal of Accountancy UMUC Accounting Information Systems 326 Professor T. Wood December 4‚ 2011 Cloud Computing: What Accountants Need to Know‚ (Journal of Accountancy‚ Oct 2010). This article answers the questions that Accountants and CPA should be asking themselves in regards to the new technology that is growing fast. Cloud technology is growing so fast that‚ cloud services revenues were expected to surpass $68 billion dollars in 2010‚ which was almost a
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