GNBCY Practice Exam Solutions – Chapter 14 1. Part (a) Solution (Learning Objective 1): The common fixed costs of $10‚000 (or $130‚000 - $120‚000) are irrelevant to this decision. Part (a) Solution (Learning Objective 2): CM that would be lost if department is discontinued $(150‚000) Less fixed costs that can be avoided if department is discontinued 120‚000 Increase (decrease) in net operating income $ (30‚000) Based on this information alone‚ because the company’s net operating
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Accounting for Partnerships In the business world‚ there are different types of businesses can be classified into various forms of ownership. Some of those forms are a corporation‚ sole proprietorship‚ and a partnership. The form I will be discussing in this paper is called a partnership. A partnership is when two or more people own and operate in a business which also takes part of the responsibility. Our text says that “Partnerships are a popular form of business because they are easy to form
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ORACLE AND PEOPLESOFT: MERGED? Introduction What is a hostile takeover? Merriam-Webster defines hostile as an adjective meaning “unfriendly‚” and takeover as a verb meaning “to assume control or possession of or responsibility for” (Mich‚ 1997). In the business arena‚ a hostile takeover is a stock acquisition in which “management and/or a significant number of shareholders oppose the purchase of the company by the intended buyer” (Fisher‚ Taylor‚ & Cheng‚ 2002). The case of Oracle and PeopleSoft
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Assignment 2 – Accounting Principles and Reporting Standards – Chapter 14: Discussion Questions Wilmary Colon Rivera California College San Diego January 10‚ 2015 ACC213 Nellie Hornbeck Assignment 2 – Accounting Principles and Reporting Standards – Chapter 14: Discussion Questions. 1. In the U.S accounting principles are developed through a cooperative effort between the private sector (business) and the public sector (government). Public sector ---- Government ---- Represented by SEC SEC – Securities
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Gompers in charge of? l. He was in charge of American Alliance for Labor and Democracy union. 13. What was the American Alliance for Labor and Democracy union? m. The purpose was to unify sentiment in the nation‚ was opposed to war. 14. What did Schenk vs US lead to in 1917? n. The espionage and sedition acts. 15. What were the espionage and seditin acts? o. IT was a
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Chapter 13: Brain and Cranial Nerves Multiple Choice 1. Which of the following statements concerning the brainstem is true? A) The brainstem consists of the medulla‚ pons‚ and cerebellum. B) The brainstem is responsible for higher level thinking skills. C) Damage to the brainstem is usually fatal. D) All twelve cranial nerves enter or exit from the brainstem. E) The brainstem is a relay for sensory input. Answer: c Level: 1 2. In the CNS‚ clusters of gray matter containing cell bodies
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Chapter 5: Cost Behavior: Analysis and Use As we shall see in later chapters‚ the ability to predict how costs respond to changes in activity is critical for making decisions‚ controlling operations‚ and evaluating performance. Three major classifications of costs were discussed in this chapter—variable‚ fixed‚ and mixed. Mixed costs consist of variable and fixed elements and can be expressed in equation form as Y = a + bX‚ where X is the activity‚ Y is the cost‚ a is the fixed cost element‚ and
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CHAPTER 1 THE ACCOUNTANT’S ROLE IN THE ORGANIZATION ACCOUNTANT’ See the front matter of this Solutions Manual for suggestions regarding your choices of assignment material for each chapter. 1-1 Management accounting measures‚ analyzes and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. It focuses on internal reporting and is not restricted by generally accepted accounting principles (GAAP). Financial accounting focuses
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social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate social and environmental performance or are they merely a public relations vehicle? Answer this question by reference to a variety of accounting theories. There are many definitions to Corporate Social responsibility(CSR). One most common definition is that CSR is the consideration and response of the firm to issues that are beyond the regular technical‚ legal‚ and environmental requirements
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References: 3. Deegan‚ 2009‚ Financial Accounting Theory‚ pp. 318-378 4
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