their amount of investment. B. In a general partnership‚ all partners have unlimited liability for partnership debts. C. In a limited partnership‚ all partners participate in managerial decision-making. D. All of the statements are correct. 5) Which of the following is an advantage of a sole proprietorship over other business forms? A. Low tax rates on dividends B. Ease of formation C. Tax-exempt treatment of fringe benefits D. The deduction for compensation paid to the owner
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CHAPTER 1 Managerial Accounting and Cost Concepts ___________________________________________________________________________________ ______ Costs are split into two groups: Manufacturing Costs Nonmanufacturing Costs Manufacturing Costs: Direct Materials - Materials that go into the final product Direct Labor - Labor costs that can be traced into parts of the product Manufacturing Overhead - all manufacturing costs except direct materials/labor ‚ such as Indirect Materials‚ Indirect Labor
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In the file ACC 291 Week 2 Reflection Summary you will find overview of the following parts: Identify the entries associated with acquisition‚ disposal‚ and sales of plant assets. Distinguish between tangible and intangible assets. Differentiate between accounts payable‚ notes payable‚ and accrued expenses. Calculate depreciation and amortization expense using various methods. Distinguish between revenue and capital expenditures‚ and the entries associated with each. Business
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iPhone 5 or Nexus 5 A huge argument in the smartphone industry is the debate as to whether Android or iOS is superior. This debate can lead to heated arguments and even using colorful language. A good comparison of smartphones is to compare the Google Nexus 5 to the Apple iPhone 5. Although the iPhone 5 has great features‚ the Nexus 5 is superior in various ways because of the freedom to control your own devices software‚ ease of use for media formats‚ and hardware specifications. Google’s Android
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PORTERS 5 FORCES. DEFINITION OF ’PORTER’S 5 FORCES’ Named after Michael E. Porter‚ this model identifies and analyzes 5 competitive forces that shape every industry‚ and helps determine an industry’s weaknesses and strengths. 1. Competition in the industry 2. Potential of new entrants into industry 3. Power of suppliers 4. Power of customers 5. Threat of substitute products The Porter’s Five Forces tool is a simple but powerful tool for understanding where power lies in a business situation. This
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NAME Xinxin Xu ACC 304 Bond Simulation Research Project #2 (Due Tuesday‚ March 11) 25 Points Using this template‚ complete all the blanks shown. 1. Situation: On January 1‚ 2013‚ Loyola Enterprises issued 9% bonds with a face value of $400‚000 when the market rate was 6%. The bonds are due in 10 years‚ and interest is payable June 30 and December 31. Note: Nothing is required by the student for this section (use this information in Section 3). 2. Concepts: During 2013‚ Loyola had several
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Resource: WileyPLUS • Brief Exercise BE15-5 • Exercise E16-1 Exercise E17-9 Question 1 In January‚ Reyes Tool & Dye requisitions raw materials for production as follows: Job 1 $900‚ Job 2 $1‚200‚ Job 3 $700‚ and general factory use $600. During January‚ time tickets show that the factory labor of $5‚000 was used as follows: Job 1 $1‚200‚ Job 2 $1‚600 Job 3 $1‚400‚ and general factory use $800. Prepare the job cost sheets for each of the three jobs. (If answer is zero‚ please enter 0
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The Effects of Technology on the Accounting Profession ACC 340 The Effects of Technology on the Accounting Profession The adage‚ “Time is money” has never been more true at any point in history than it is today. For the certified public accountant (CPA)‚ the adage holds even more significance as the more time a CPA has to spend in a project‚ the less valuable that project becomes. It also means less time to devote to the next project. Technology has aided the CPA in numerous ways in recent years
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ACC 422 Week 2 WileyPLUS Assignment To purchase this material click http://www.assignmentcloud.com/ACC-422/ACC-422-Week-2-WileyPLUS-Assignment For more classes visit www.assignmentcloud.com ACC 422 Week 2 WileyPLUS Assignment Exercise 7-2 Presented below are a number of independent situations. For each individual situation‚ determine the amount that should be reported as cash. 1. Checking account balance $929‚070; certificate of deposit $1‚417‚000; cash advance to subsidiary of $992‚770; utility
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Absorption Based Costing – Managerial Analysis Liliana Evans ACC 561 11 May 2014 Professor Jill Datema Absorption Based Costing – Managerial Analysis Absorption based costing method (ABC) is used by companies to identify activities that it performs and then assigns direct and indirect costs to the product’s overall pricing. This method helps businesses determine the cost drivers that influence the product’s sales price by increase or decrease. ABC uses cost drivers‚ such
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