Managerial Accounting Chapters 11-13 Chapter 10 – 3 Relevant costs are costs that are avoidable by choosing another alternative. If a variable cost differs between alternatives in a decision‚ than it is relevant; however‚ it is not necessarily true that ALL variable costs are relevant. Chapter 10 – 7 Prentiss would need to isolate the unavoidable costs of the product line first. A decision of whether a product line or other segment should be dropped should focus on the differences in the
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CHAPTER 5: ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE |Number |Topic |Type/Task |Status | | | | |(re: 14/e) | |Questions: | |
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can this statement relateto accounting? A syntactic theory is one that is capable of testing on the basis that it is valid in terms of itslogical consistency. Thus the calculation of accounting profit and determination of assetvaluation can be valid in relation to their conformity with rules prescribing the measurementof accounting profit and asset valuations. This can be described as sterile as it does notnecessarily relate to the real world. Historical cost accounting has been represented as being purely
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Chapter 1 The first chapter describes the hassles four people have to go through to get to changsha china. Within the train stations and airports‚ they are trampled by different people clearly looking to make money off the ignorance of foreigners. The narrator is the main character and his motivation for being there is unclear. He did state the other three people were there to teach English. It is assumed that they are all from the states. Many people in the train station want to take advantage
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Chapter thirteen through fifteen of the textbook Brain Based Learning covers many influences that a teacher can have on a students’ ability to learn. First‚ chapter thirteen discusses teacher communication. Basically‚ teachers establish the type of environment that will be in the classroom. The way they choose to behave and what to filter shapes the receptive levels of the students. In chapter fourteen‚ the author ties in non-conscious learning and its impact on the learning process. Non-conscious
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Managerial Accounting and Control Decision Making: Relevant Costs and Benefits Case 14-62 Submited to: Prof. Virgilio c. Avila Submitted by: Roy Kondoy Shella Faye Background of the Study Sportway Corporation Sportway is a wholesale distributor supplying a wide range of moderately priced sports equipment to large chain stores Products: 60% purchased‚ 40% manufactured The company has a Plastics Department that is currently manufacturing molded fishing tackle boxes Sportway
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ACCT2201 CORPORATE ACCOUNTING Tutorial 8 – Week beginning 5th of May REVIEW QUESTIONS Chapter 15 8. When are potential voting rights considered when deciding if one entity controls another? Potential voting rights are rights to obtain voting rights of an investee‚ such as within an option or convertible instrument. Potential voting rights are only considered if the rights are substantive ie practical or utilitarian. This depends on the terms and conditions associated with the options.
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Chapter 1 Managerial Accounting‚ the Business Organization‚ and Professional Ethics Management accounting produces information for managers within an organization. Financial accounting produces information for external parties‚ such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies. What kind of accounting information do managers need to achieve their goals and objectives? Good accounting information helps answer three types of questions: 1. Scorecard questions 2. Attention-directing
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CHIEF COMPLAINT Balance problems. HISTORY OF PRESENT ILLNESS This patient is a 54-year-old woman who complains of swaying when she is standing or even sitting for long periods. She loses her balance when she is standing to wash the dishes or brush her teeth or fix her hair. It does not matter if her eyes are open or closed‚ although it is much worse when she closes her eyes. This started at least as long ago as last spring and has been getting progressively worse. In the last couple of weeks
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Controlling Inventory: It is important for business owner’s to constantly monitor the inventory held by a trading business since the success or failure of a business is often decided by the decision-making of management in relation to its inventory. Inventory is the most valuable asset reported in the balance sheet. If inventory is not managed effectively‚ the overall performance of a trading firm will suffer and so will the returns to the owner in terms of profit. As the success of a trading firm
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