Acquisition of legal subsidiary in bankruptcy According to the fact of this case‚ Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary‚ and both of them all nonpublic companies. However‚ in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then‚ Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the
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Kwami McLeod Rhetoric 101 The Longest Yard (Stereotypes and all) What our society has become truly amazes me every day. The things we watch and enjoy as a culture are sometimes highly offense. I choose to look at the movie The Longest Yard for an in depth look at stereotypes in our society. After watching and studying this movie I can only ask myself one question: What have we become? The Longest Yard is a movie about a former NFL MVP quarterback (played by Adam Sandler) jailed for joyriding
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1). Fixed cost per unit decreases when: a. Production volume increases. b. Production volume decreases. c. Variable cost per unit decreases. d. Variable cost per unit increases. 2). Prime cost + Factory overhead cost is: a. Conversion cost. b. Production cost. c. Total cost. d. None of given option. 3). Find the value of purchases if Raw material consumed Rs. 90‚000; Opening and closing stock of raw material
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Cost Accounting A Managerial Emphasis Fourteenth Edition Charles T. Horngren Stanford University Srikant M. Datar Harvard University Madhav V. Rajan Stanford University Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montréal Toronto Delhi Mexico City São Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editorial Director: Sally Yagan Editor in Chief: Donna Battista AVP/Executive Editor: Stephanie
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QUESTIONS 1. How does Ben’s age affect his decision to get an MBA? Age is definitely a huge factor in his decision to get an MBA. The younger the individual‚ the more opportunity for salary increases which in turn‚ the quick he can recover his costs of returning for an MBA. These costs include the opportunity cost of lost income in pursuing his MBA as well as the cost of the tuition itself. 2. What other‚ perhaps nonquantifiable‚ factors affect Ben’s decision to get an MBA? The location of
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Topic:Responsibility Accounting and Cost Control. Subject: Management control systems Index: |Sr.No |Topic |Page No | |1 |Meaning of Responsibility Accounting |3 | |2 |Steps involved in Responsibility Accounting
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------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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Ex-MBA 2011-2014 ( Batch - Weekend ) Semester - 2 Subject: Managerial Accounting ------------------------------------------------- Title : Methods / techniques of cost accounting Submitted by : Vishwajeet Gaikwad – 2011G04 Submitted to : Prof. Sameer
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Health Care Cost Accounting A capitation payment arrangement can be an effective means to control healthcare costs because it allows both the insurer and the employer to predict costs for healthcare services more accurately. When a capitation payment method is used‚ the financial risk of caring for the patient is transferred to the medical delivery system. If the healthcare delivery system does not have a cost accounting system or the ability to develop cost information on each payer and service
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Carrabelle Boat Company Carrabelle Boat Company serves boaters with a small‚ lightweight fiberglass sailboat capable of being carried on a car roof. Though the firm could hardly be considered as one of the nation’s industrial giants‚ its burgeoning business had required it to institute a formal system of cost control. Jan Larson‚ Carrabelle Boat’s president‚ explained: Our seasonal demand‚ as opposed to a need for regular level production‚ means that we must keep a good line of credit at the bank
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