Please forward the following two questions to the entire batch as directed by Sengupta sir. AS 2 Determine the cost of inventory of M/s XYZ International Limited involved in the import and trading of mobile phones as at March 31‚ 2011 in accordance with Accounting Standard – 2‚ Valuation of Inventories‚ from the following data (5000 phones) :- Purchase cost of phones – Rs 50‚000 Custom duty on Import – Rs 30‚000 Port clearing charges – Rs 10‚000 Carriage inwards – Rs 15‚000 Salary to
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Accounting Final Exam 1.) Five forces included in industry analysis Competitors. Potential entrants into the market. Equivalent products. Bargaining power of customers. Bargaining power of input suppliers. 2.) The balanced scorecard translates an organization’s mission and strategy into a set of performance measures that provides the framework for implementing its strategy. The balanced scorecard does not focus solely on achieving short-run financial objectives. It also highlights the
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Chapter 1 What Is Economics? 1.1 Definition of Economics 1) In a world characterized by scarcity A) all goods are free. B) opportunity cost is zero. C) we are not limited by time. D) individuals need not work to obtain goods. E) people must make choices among alternatives. Answer: E Diff: 1 Type: MC Topic: Definition of Economics 2) Which of the following is the best definition of economics? A) the study of how a provincial government allocates tax dollars B) the study of how consumers
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Contract costing is a system of job costing that is applied to relatively large cost units‚ which normally take a considerable length of time to complete. Building and construc¬tion work‚ civil engineering and shipbuilding are some examples of industries where large contract work is undertaken‚ and where contract costing is appropriate. Contract Costing deals with the books of the Contractor only‚ i.e. the cost of the work and measuring the profit or loss on the contract. Contract costing is
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Chapter 09 Creative Strategy: Implementation and Evaluation Answer Key Multiple Choice Questions 1. (p. 293) The agency that developed the ‘Jack-in-the-Box’ fast-food restaurants ads created a new ad with the return of a brand image that was remembered by customers from previous years‚ thereby creating a(n): A. advertising appeal. B. creative plan. C. marketing plan. D. sales approach. E. sales presentation. The advertising appeal refers to the approach used to attract
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1. In the accounting cycle‚ the last step is Student Response Feedback A. preparing the financial statements B. journalizing and posting the adjusting entries C. preparing a post-closing trial balance D. journalizing and posting the closing entries Score: 1/1 2. During the end-of-period processing which of the following best describes the logical order of this process Student Response Feedback A. Preparation of adjustments‚ adjusted trial
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1 Introduction to Quantitative Analysis To accompany Quantitative Analysis for Management‚ Twelfth Edition‚ by Render‚ Stair‚ Hanna and Hale Power Point slides created by Jeff Heyl Copyright ©2015 Pearson Education‚ Inc. LEARNING OBJECTIVES After completing this chapter‚ students will be able to: 1. Describe the quantitative analysis approach 2. Understand the application of quantitative analysis in a real situation 3. Describe the three categories of business analytics 4. Describe the use of
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during the year. C. The prior year’s deprecation expense was erroneously understated. D. Overhead allocations were revised at year-end. 12. In testing for unrecorded retirements of equipment‚ an auditor might: A. Select items of equipment from the accounting
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Puyricard Fine Chocolate. Puyricard is a premium chocolate-maker. It produces and sells fine handmade chocolates‚ calissons and confectionary through its own retail network (14 stores in France: 12 in Provence‚ 2 in Paris)‚ wholesales and website. It is the French leader for craft chocolate‚ with an annual production of 120 tons of chocolate and a turnover of 6‚9 million euros. The company is family-owned and run by the sons of the founders. It was created 40 years ago and the CEO‚ Tanguy Roelandts
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Test Bank for Cost Management A Strategic Emphasis 5th Edition Multiple Choice Questions The Institute of Management Accountants’ standards of ethical conduct for management accountants includes the elements of: Mark - incorrect Answers 1. A.Competence‚ confidentiality‚ integrity‚ and relevance. - Given 2. B. Competence‚ confidentiality‚ integrity‚ and credibility. 3. C. Competence‚ confidentiality‚ independence‚ and objectivity. 4. D. Competence‚ accuracy‚ integrity‚ and independence. According
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