CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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Case study on MacCloud Winery Questions 1. Applying the principles of accrual accounting‚ how should Mike treat the expenditures for the land‚ vines‚ vine planting‚ fertilizing‚ water? Be specific regarding the treatment over time‚ including amounts‚ and the rationale for the treatments. Answer: Following the key accrual accounting concepts: Conversation‚ Realization and Matching‚ we think Mike should treat the expenditures as follows: |No. |Item Description |Treatment
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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BSAD 526 Managerial Accounting Case 8-35 Introduction Wyndham Stores operates a regional chain of upscale department stores. They plan to open another store in a prosperous and growing suburban area. The company’s Vice President of Marketing is in favor of buying the new building site and building a new building on the property. The projected cost for the new building is $14 million‚ according to the vice president of marketing. The problem with the vice president’s
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paige bieber Mrs. Kanick Global 10 18 October 2012 Causes of the French Revolution The French Revolution was a key event in the history of France. This revolution consisted of the king known as King Louis XVI‚ wealthy nobles‚ peasants‚ and the middle class known as the bourgeoisie. France during the old regime was split up into different classes called estates. The peasants and bourgeoisie were put into a group called the third estate. The second estate was made up of rich nobles. Then
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French Revolution There were many factors that contributed to the French Revolution. First of all was the greatest percent of the population‚ the commoners‚ had the least amount of power and land. This laid the foundation for social unrest which is necessary for a revolution. Second‚ the French economy was very weak due to France’s involvement in the American Revolution. In addition to the economic problems that the American Revolution caused‚ it also put Enlightenment ideas into the minds
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French Architecture France is a country rich in architecture. You can spend all your days day walking through the streets of Paris‚ or any other region‚ visiting the museums‚ and taking pictures next to one of the many impressive monuments. France has many old monuments and some of them they are in well good condition like the Maison Carrée and the Pont du Gard near Nîmes. The Carolingian dynasty of Charlemagne was a period of innovative buildings‚ using the Romanesque architecture‚ which gave
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Jan lokpal bill 2011 The article describes the various salient features of Jan lokpal bill of Anna Hazare. It also states the corruption in India and the need for anti-corruption laws.It also tells the news and updates on the lokpal bill and how the Jan lokpal bill differs from the government lokpal bill. Why is there a need for anti-corruption laws? All of us are aware of the fact that the country‚ whom we love so much has been in the clutches and the diabolical jaws of the virus‚ called corruption
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The French Revolution was an unstable‚ blood-filled time. With 20‚000 sent to the guillotine and an equal number to prison‚ it is not hard to find importance but rather to find meaning. The most crucial thing to look for in the revolution is justification‚ reasons that excuse or bring significance to the deaths of many. John Locke‚ a philosophe of the time‚ may have argued that a leader who does not provide his people with inalienable rights is grounds for dismissal in the form of regicide1
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work‚ to where product is source‚ to how it is sold into and at department stores. The concept was simple: Provide the ensemble-driven sportswear that had been available for many years at designer level prices through the likes of Calvin Klein and Bill Blass‚ but make it affordable for the working woman. Up until this point‚ department stores were by a large classification-oriented where pants‚ skirts and shirts were in a different department. Additionally‚ department store buyers were classified
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