CHAPTER 8: FLEXIBLE BUDGETS‚ VARIANCES‚ AND MANAGEMENT CONTROL: II TRUE/FALSE 1. Overhead costs are a major part of costs for most companies – more than 50% of all costs for some companies. Answer: True Difficulty: 1 Objective: 1 2. At the start of the budget period‚ management will have made most decisions regarding the level of variable costs to be incurred. Answer: False Difficulty: 1 Objective: 1 At the start of the budget period‚ management will have made most decisions
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appropriate amount at 30 June 2013 and 30 June 2014. A. Allowance for Doubtful Debts 2013 30/6 2012 Accounts Receivable $33 120 1/7 Balance $16 200 2013 Balance 25 000 30/6 Bad Debts Expense $58 120 41 920 $58 120 2013 2014 Accounts Receivable 23 380 1/7 June 30 Balance 25 000 Bad debts expense 20 070 2014 Balance 21 690 30/6 $45 070 $45 070 2014 1/7 Balance $21 690 Profit and loss $41 920 Profit and loss $20 070 Bad Debts Expense 2013 30/6 2013 Allow. for DD 2014 30/6 $41
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Chapter 3 – Ethics‚ Fraud‚ and Internal Control Fraud 1. Compare and contrast employee fraud vs. management fraud. a. Employee Fraud a. Nonmanagement employees convert cash or assets to direct employee benefit b. Management Fraud – Performance Fraud a. Does not involve direct theft of assets b. Fraud is perpetrated above which the internal control structure generally relate c. Use financial statements to create an illusion that an entity is healthier than it is d. Misappropriation of
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ACC 2242 Assign#4.. Due Date …..Wednesday…Aug 07‚ 2013 8-35B 8-40B Fibre Systems Best Use of Facilities Analysis Make Buy and Use Facilities for Other Product Variable unit cost of obtaining the optical switches $ 13 $ 11 Number of optical switches × 80‚000 × 80‚000 Total variable cost of obtaining 80‚000 optical switches $1‚040‚000 $880‚000 Expected profit contribution from the other product — (130‚000) Expected
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Aqsa Kiran Prof. Moinul Islam 7th Feb‚ 2015 Intermediate Microeconomics PPE-3100 Home Work -1 1. Suppose a teenager has $20 and likes both rap music (R) and country music (C) with a set of preferences so that U = C1/2R1/2. Suppose that the iTunes price of a rap music song is and the price of a country music song is. Find optimum levels of R and C. What is the greatest level of affordable utility (Use Lagrange method)? U = C^1/2 R ^1/2 Constrain = Pc +PR = 20 Applying Lagrange Method
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1890 – 1900 Great Britain‚ Germany‚ Russia U.S Foreign investments rise from 1869 – 1908 More global trade 1870 – 1914 Alfred Mahan argues that a very powerful navy sets apart a great country (coaling stations around the world) Social Darwinism - Rudyard Kipling argues that it’s the burden of white men to take care of his little brown brothers. Beginning of 1900 U.S sent missionaries around the world to make sure they become Christian‚ educated & civilized Frederick Jackson
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World Series 23 times The Uranium isotope used in Nuclear bombs is U235 AOL chat rooms only allow 23 people at a time In the film Airport‚ the mad bomber has seat 23 ***There are exactly 23 charicters‚ numbers and letters‚ on the face of all U.S. coins ***Every 23rd wave crashing on a beach averages twice the size as normal In the film Airplane II‚ the name of the spaceship is XR-2300 230 people died in the conspiracy plagued TWA flight 800 disaster The Unibomber killed or wounded 23 people The
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for such items as insurance‚ rent‚ obsolescence‚ spoilage‚ and breakage plus the opportunity cost of capital (or required return on investment). 20-5 Examples of opportunity costs relevant to the EOQ decision model but typically not recorded in accounting systems are the following: 1. the return forgone by investing capital in inventory; 2. lost contribution margin on existing sales when a stockout occurs; and 3. lost contribution margin on potential future sales that will not be made to disgruntled
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Intermediate Sanctions Florence Thomas Axia College of University of Phoenix Intermediate sanctions are criminal sentences that fall between standard probation and incarceration. Intermediate sanctions can include house arrest‚ intensive probation (i.e.‚ probation with more conditions beyond the basic conditions of standard probation)‚ boot camps‚ electronic monitoring‚ and drug treatment programs. Intermediate sanctions serve a dual purpose in the criminal justice system
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Intermediate Sanctions Intermediate sanctions are the sanctions that are more restrictive than the probation and less restrictive than imprisonment. It is also intended to relieve the pressure on the over crowed facilities that deal with the corrections and the probation departments that are understaffed. The purpose for the intermediate sanction in the criminal justice process is that it helps with any of the concerns from the facilities being packed and over crowed. Jails and the prisons
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