http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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(1) Total variance = total actual cost – total standard cost (2) DM variance = DM price variance + DM quantity variance (3) DL variance = MOH variance = Example 1: Xonic Beverage company uses standard costs to measure performance at the production facility of its caffeinated energy drink‚ Xonic Tonic (XT). The standard direct materials price per pound is $3.00 (which includes cost of the direct material‚ the freight cost and the cost
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In the novel "Anna Karenin" by Leo Tolstoy‚ the countryside is a place of peacefulness and satisfaction. Tolstoy uses a country and city setting to establish his point of view through the character Levin‚ who seems to belong to the countryside. It is idyllic how farmers and agriculture in this novel seem to contribute to one ’s happiness in life. In the city‚ life seems rather discontented and unnatural. The country is often seen as a place of rest and as a cure of the corruptness of the city‚ by
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Many things come into place when it comes to defining a person‚ place or thing. Here at Saint Leo University we have what defines the school itself‚ Core Values. The core values consist of six essential characteristics that help both the school‚ and the alumni‚ become a better community. The six core values come as follows: Excellence‚ Community‚ Respect‚ Personal Development‚ Responsible Stewardship‚ and Integrity (SLU Mission and Values). As great as they all sound‚ the three that I have chosen
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Most of the companies only look at the design and creative area‚ just like the design term was locked in a box without communicate with outside until the manager or clients received idea from the designer term. When designer had lots of pressure‚ then the creative idea will narrow (Elamsy‚ 2014). In our business world‚ there are many companies put innovations in an important role of the organization. When designers want to innovate something they need to think outside the room not inside the room
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Leo Tolstoy’s Ironic Yet Inspiring Master and Man In Leo Tolstoy’s short story‚ Master and Man‚ Tolstoy makes effective use of dramatic irony. Irony‚ as defined by the Encyclopaedia Brittanica‚ is “…a situation in which there is an incongruity between what is expected and what occurs.1” A well-known example of situational irony is found in Shakespeare’s Romeo and Juliet. Two lovers end up killing themselves for one another in hasty passion. When in reality‚ if they had waited and discovered all
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Solutions Manual to accompany Company Accounting 8e prepared by Ken Leo John Hoggett John Sweeting Jennie Radford [pic] John Wiley & Sons Australia‚ Ltd 2009 Chapter 1 – Nature and regulation of companies REVIEW QUESTIONS 1. Outline the advantages of incorporation over other forms of organisation such as partnerships. The corporate form of organisation permits individuals to have "limited liability". This confers on shareholders a limit on their
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000 Stock dividend 240‚000 425‚000 Retained earnings unappropriated‚ December 31‚ 2011 $1‚262‚000 1. On January 2‚ 2011 short-term investments (classified as available-for-sale) costing $121‚000 were sold for $155‚000. 2. The company paid a cash dividend on February 1‚ 2011. 3. Accounts receivable of $16‚200 and $19‚400 were considered uncollectible and written off in 2011 and 2010‚ respectively. 4. Major repairs of $33‚000 to the equipment were debited to the Accumulated Depreciation
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one of the requirement tests for impairment. As a result‚ we need to verify if impairment should be recognized. 2. The impairement is $600‚000. GAAP methodology of determining impairment uses a two-step recoverability test. Step one‚ requires a company to estimate the future undiscounted cash flows expected from the use of that asset and its eventual disposition. If impairment has occurred‚ step two would determine the loss by subtracting the fair value from the carrying amount of the asset.
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beverage by mixing Coca-Cola syrup with carbonated water. Coca-Cola was introduced in 1886‚ patented in 1887‚ registered as a trademark in 1893 and by 1895 it was being sold in every state and territory in the United States. In 1899‚ The Coca-Cola Company began franchised bottling operations in the United States. Coca-Cola might owe its origins to the United States‚ but its popularity has made it truly universal. Today‚ we can find Coca-Cola in virtually every part of the world. Coca-Cola Beverages
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