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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“And miles to go before I sleep” My favorite line from “Stopping by the Woods on a Snowy Evening” written by Robert Frost is “And miles to go before I sleep” (15). When I first read this poem‚ I thought it was about a man who is stopping in the woods‚ around Christmas time‚ and I thought that it was a peaceful‚ joyful poem. However‚ when I reread it‚ I realized that there was a second meaning underneath the surface. It is not as peaceful and joyful as it first appeared‚ and that the narrator
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CHAPTER 9 Reporting and Analyzing Long-Lived Assets ANSWERS TO QUESTIONS 1. For plant assets‚ the cost principle states that plant assets are recorded at cost‚ which consists of all expenditures necessary to acquire the asset and make it ready for its intended use. 2. In a cash transaction‚ cost is equal to the cash paid. In a noncash transaction‚ cost is equal to the cash equivalent price paid‚ which is the fair market value of the asset given up or the fair market value of the asset received
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IMPACT OF TECHNOLOGY ON THE ACCOUNTING PROFESSION - A STUDY OF A CPA FIRM’S DISASTER RECOVERY PLANNING Stanley X. Lewis‚ Jr.‚ Troy University Eddy J. Burks‚ Troy University Ernest W. King‚ University of Southern Mississippi Carl Smolinski‚ LSU-Shreveport ABSTRACT The results of an ongoing study of professional accounting firms in the U. S existing research methodology and results included in the 2006 IRMA International Conference reporting the strategic planning by a law firm pertaining to its disaster
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2000 Census Poughkeepsie-Newburgh‚ NY-NJ Square Miles 327 Population 423‚566 Population Ranking out of 465 UZAs 89 Other UZAs Served 457 Service Consumption Annual Passenger Miles Annual Unlinked Trips Average Weekday Unlinked Trips Average Saturday Unlinked Trips Average Sunday Unlinked Trips 3‚791‚114 342‚417 1‚316 220 73 Service Area Statistics Square Miles Population Service Supplied Annual Vehicle Revenue Miles Annual Vehicle Revenue Hours Vehicles Operated
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Tourism and Hospitality Marketing Group Assignment (Case Study on Frequent Flyer Programmes) Group Members: Mary Tan Seok Gek Date: Sep 09‚ 2009 [pic] Introduction to Airline Frequent Flyer Programmes Two events contributed to the emergence of Frequent Flyer Programmes (FFPs) in the airline industry. First‚ deregulation of the industry in 1978 created a more customer- oriented marketing strategy. Second‚ the growth in information technology
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Lingering Effects of Three Mile Island The Three Mile Island accident took place in Middletown‚ Pennsylvania‚ on March 28‚ 1979. During this accident even though there was no meltdown‚ there was some radioactive gas that was let out into the air. As a result more than 50‚000 people were evacuated from their homes (Levine 60-3). The Three Mile Island incident had a major impact on public opinion‚ the construction of nuclear plants‚ and the future of nuclear power. Three Mile Island was a three month
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The incident on Three Mile Island had very insignificant effects on the workers and citizens near the power plant. There wasn’t enough radioactive material to cause harm. Nuclear weapons can cause massive health problems and ruin living conditions. There are three types of radiation:
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