CA 1-4: (a) Differentiate between Financial Accounting and Managerial Accounting. While financial accounting is the process that culminates in the preparation of financial reports on the enterprise for use by both internal (as managers) and external parties (as investors‚ creditors‚ unions‚ and government agencies)‚ managerial accounting is the process of identifying‚ measuring‚ analyzing‚ and communicating financial information needed by management to plan‚ control‚ and evaluate a company’s operations
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Chapter 5: Cost Behavior: Analysis and Use As we shall see in later chapters‚ the ability to predict how costs respond to changes in activity is critical for making decisions‚ controlling operations‚ and evaluating performance. Three major classifications of costs were discussed in this chapter—variable‚ fixed‚ and mixed. Mixed costs consist of variable and fixed elements and can be expressed in equation form as Y = a + bX‚ where X is the activity‚ Y is the cost‚ a is the fixed cost element‚ and
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Solutions‚ Chapter 2/HL ANSWERS TO CHAPTER 2 The Simple Regression Model Econometrics Economics of Innovation and Growth A = Problems B = Examples (from chapter 2) C = Cumputer Exercises 1 Solutions‚ Chapter 2/HL A: Problems 2.1 Let kids denote the number of children born to a woman‚ and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids = β 0 + β1educ + u where u is the unobserved error. (i) (ii) What kind of factors
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principle. 2. Describe accounting issues for revenue recognition at point of sale. 3. Apply the percentage-of-completion method for long-term contracts. 4. Apply the completed-contract method for long-term contracts. 5. Identify the proper accounting for losses on long-term contracts. 6. Describe the installment method of accounting. 7. Explain the cost recovery method of accounting. *8. Explain revenue recognition for franchises. *9. Compare the accounting procedures related to revenue
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Exercise 11-1 (10 minutes) 1. 2. 3. Exercise 11-2 (10 minutes) Average operating assets £2‚200‚000 Net operating income £400‚000 Minimum required return: 16% × £2‚200‚000 352‚000 Residual income £ 48‚000 Exercise 11-3 (20 minutes) 1. Throughput time = Process time + Inspection time + Move time + Queue time = 2.8 days + 0.5 days + 0.7 days + 4.0 days = 8.0 days 2. Only process time is value-added time; therefore the manufacturing cycle efficiency
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the total cost of borrowing over the life of the bond. (4) Would the total bond interest expense be greater than‚ the same as‚ or less than the total interest expense that would be reported if the straight-line method of amortization were used? SOLUTION (a) (1) 2010 July 1 Cash 3‚501‚514 Discount on Bonds Payable 498‚486 Bonds Payable 4‚000‚000 (2) Dec. 31 Bond Interest Expense ($3‚501‚514 X 5%) 175‚076 Discount on Bonds Payable 15‚076
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X X X X X X X X X X X X X X X X X AP Statistics Solutions to Packet 5 X Producing Data Designing Samples Designing Experiments Simulating Experiments X X X X X X X X X X X X X HW #29 1 – 3‚ 5 - 7 5.1 FUNDING FOR DAY CARE A sociologist wants to know the opinions of employed adult women about government funding for day care. She obtains a list of the 520 members of a local business and professional women’s club and mails a questionnaire to 100 of these women selected at random. Only 48
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Q1. Show the effect of each of the seven listed transactions on the balance sheet items of Carpet Center Plus. Indicate the new balances after the transaction of May 2 and each subsequent transaction. The effects of the May 1 transaction are already filled in to provide you with an example. May | 1 | Issued capital stock for $75‚000. | | 2 | Purchased a small office building at a price of $58‚000 for the land and $65‚000 for the building. Paid $43‚000 cash and signed a note payable for the
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Unit 7 Ch 23 Electric Circuits Due: 7:20am on Friday‚ December 5‚ 2014 To understand how points are awarded‚ read the Grading Policy for this assignment. Problem 23.1 Draw a circuit diagram for the circuit of . Part A Choose the correct diagram. ANSWER: Correct Problem 23.2 Draw a circuit diagram for the circuit of . Part A Choose the correct diagram. ANSWER: Correct Problem 23.3 Draw a circuit diagram for the circuit of . Part A Choose the correct diagram. ANSWER: Correct Kirchhoff’s
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A: so‚ tell me about you new house. How is it different to your old one? B: well‚ first of all‚ it’s much bigger. It has the same number of rooms‚ but each room is larger. We also have a larger garden‚ which our dog loves‚ of course! A: so‚ it’s a three-bedrooms detached house? B: yes. One bedroom is for my wife and i. there’s another for our daughter. My wife wants to use the third one as a guest room‚ but I’d like to make it into a study. Our daughter is also keen on making it a study‚ so that’s
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