Chapter 2 Discussion Questions 1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Cost behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit
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Individual Assignment 30% (40 marks) Question Spears Limited is engaged in manufacturing of special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a)
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5 PROBLEM 28. Y‚ an S corporation formed at the beginning of the year‚ has the following information in its first year: Gross Income from services $100‚000 Net short-term capital loss (2‚200) Salary paid to F (10‚000) Medical insurance premium for F (300) Other operating expenses (54‚000) Cash distributions to F 5‚000 F‚ a 50 percent owner of Y‚ is single and has no other tax information. F’s A.G.I. is a. $21‚900 b. $26‚750 c. $26‚900 d. $35‚700 e. Some other amount‚ which is $_________
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Do the risks of MRI outweigh the benefits? Even though MRI (Magnetic Resonance Imaging) is considered the “safe modality” of imaging‚ the number of adverse events has only increased in clinical settings across the past decade. MRI is considered the safest imaging modality because it can produce the most information from a patient while not delivering any ionizing radiation‚ unlike x-rays‚ fluoroscopy‚ etc. New safety screening technologies and safety practices have much promise in reducing these
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Sections 4.4‚ 4.5‚ and 4.6 are not included in the Demo file 4.1 General requirements 4.1 Is the EMS established‚ documented‚ implemented‚ maintained‚ and continually improved in accordance with ISO 14001 requirements? This catch-all question can only be answered at the end of the whole audit. Typically‚ if there is a noncompliance here‚ there must be other major noncompliances somewhere else in the system. If so‚ reference them in the ‘Auditor Notes’ field. 4.1 Is the scope of the EMS
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Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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Kaplan University AC113-01 UNIT 1 ASSIGNMENT My current networking strategies are different in comparison to my past networking strategies. Over the years I have realized how important networking is and that it is something that you must tend to over time in order to reap benefits from it in the future. After all‚ the United States Bureau of Labor of Statistics stated that 70% of jobs are obtained through networking (Caullay). In the past I used to only have friends‚ family members‚ and
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Aaron Dodwell Llandrillo College Rhos on Sea Abbi Farebrother Abi Groom Llandudno Adam McKenzie-Williams LJMU Adii Roberts NEWI Wrexham Adrian Phylip-Jones Aimee Williams Works at Armani exchange Alan Chitty Alice Goodwin Amie Williams Bangor‚ Gwynedd Andrea Davis Andrew Perkins Andy Baxter
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6-3 What is the future value of $7‚540 at the end of 7 periods at 8% compounded interest? What is the present value of $7‚540 due 9 periods hence‚ discounted at 11%? What is the future value of 15 periodic payments of $7‚540 each made at the end of each period and compounded at 10%? What is the present value of $7‚540 to be received at the end of each of 18 periods‚ discounted at 5% compound interest? 6-6 Dwayne Wade Company recently signed a lease for a new office building‚ for a lease period
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