100 Costs term 1. Absorption costing is a costing method that includes all manufacturing costs - direct materials‚ direct labor‚ and both variable and fixed overhead - as part of the cost of a finished unit of product. 2. Administrative costs are all executive‚ organizational‚ and clerical costs associated with the general management of an organization rather than with manufacturing‚ marketing‚ or selling. 3. Allocation base is a measure of activity such as direct labor-hours or machine-hours
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CHAPTER 12 Accounting for Partnerships ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems Study Objectives 1. Identify the characteristics of the partnership form of business organization. 2. Explain the accounting entries for the formation of a partnership. 3. Identify the bases for dividing net income or net loss. 4. Describe the form and content of partnership financial statements. 5. Explain the effects of the entries to record the liquidation of a partnership. *6. Explain
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An employer uses a payroll system to process its payroll. Consequently‚ payroll cannot be processed without a payroll system. A payroll system allows the employer to pay employees on time and accurately‚ plus comply with other statutory regulations. Employers with non-exempt workers‚ those not exempt from overtime pay‚ therefore must keep a record of hours worked for each employee. Any timekeeping system is fine‚ but it should be accurate‚ complete and compatible with the payroll system being used
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Nowadays some company using a Computerized Payroll System so that they can work much easier. All establishment are becoming modernized‚ they use modern technologies to make their transaction fast‚ easy‚ and accurate in order to avoid waste of time and for the sake of safety and security. Payroll is one of the difficult work things to do‚ because they are the one handling the reporting‚ salary for the employee‚ wages‚ bonuses‚ deduction and depositing payroll taxes to the appropriate agency in an accurate
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Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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1) Chemistry Review Key Terms: empirical knowledge theoretical knowledge law of conservation of mass coefficient chemical amount mole Key Concepts: Write chemical equations when given reactants and products (1.5‚ 1.6) Write balanced chemical equations (2.2‚ 2.3) Interpret balanced chemical equations in terms of chemical amount (in moles) (2.3) Convert between chemical amount and mass (2.4) Classify chemical reactions (2.5‚ 2.6) Predict the solubility of elements and ionic and
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Chapter 7 pgs.182-194 The Rise of Cultural Nationalism Patterns of Education • Republican vision included enlightened citizenry‚ wanted nationwide system of free public schools to create educated electorate required by republic • By 1815 no state had a comprehensive public school system‚ schooling primary by private institutions open only to those who could pay o Most were aristocratic in outlook‚ trained students to become elite. Few schools for poor • Idea of “republican mother” to train
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CHAPTER 1 THE PROBLEM AND ITS SETTING Introduction Nowadays‚ there are rapid changes happening in our society‚ especially if we talk about computers and its technology. The researchers saw these changes in business‚ in the office‚ in the school and even at home. But as time goes on and as this computer continuous evolving‚ why they are still ignoring these changes? They are still embracing the old system whether in business or even at school. Payroll system is a system designed for the employee
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Refer to the exhibit. Traffic exiting R1 is failing translation. What part of the configuration is most likely incorrect? ip nat pool statement access-list statement ip nat inside is on the wrong interface interface s0/0/2 should be a private IP address Refer to the exhibit. What is the purpose of the command marked with an arrow shown in the partial configuration output of a Cisco broadband router? defines which addresses can be translated defines which addresses are allowed into the router
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CheckPoint Key Computer Terms Jeannevie Saastad Axia College Term | Definition | References | Examples (At least two) | Hardware | Physical parts of a computer system | http://www.techterms.com/definition/hardware | Monitor and mouse | Software | Computer programs that run or run on hardware | http://www.techterms.com/definition/software | Adobe
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