Managerial Accounting and Control Decision Making: Relevant Costs and Benefits Case 14-62 Submited to: Prof. Virgilio c. Avila Submitted by: Roy Kondoy Shella Faye Background of the Study Sportway Corporation Sportway is a wholesale distributor supplying a wide range of moderately priced sports equipment to large chain stores Products: 60% purchased‚ 40% manufactured The company has a Plastics Department that is currently manufacturing molded fishing tackle boxes Sportway
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Kmart was widely known for their "blue light specials" campaign which alerted customers of special deals located under designated blue light areas inside their stores. However‚ in January 22‚ 2002 Kmart Corps revealed the corporation had filed for chapter 11 bankruptcy protection. Suspected speculation seemed to be no big surprise of the Corporations financial rendering. Many Corporations can fail due to poor management and the inability to adapt into the ever changing market place. Kmart’s decent
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Chapter Two Worldwide Accounting Diversity Learning Objectives After reading this chapter‚ you should be able to • Provide evidence of the diversity that exists in accounting internationally. • Explain the problems caused by accounting diversity. • Describe the major environmental factors that influence national accounting systems and lead to accounting diversity. • Describe a judgmental classification of countries by financial reporting system. • Discuss the influence that culture is thought to
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Chapter 11: Human development across the lifespan Prenatal development Progress Before Birth: prenatal development（生前发育） germinal stage= conception to 2 weeks Conception（怀孕）‚ implantation（灌输）‚ formation of placenta（胚胎形成） embryonic stage=2 weeks to 2 months formation of vital organs and systems（重要器官和系统的形成） fetal stage=2 months to birth bodily growth continues（身体持续增长）‚ movement capability begins（运动能力开始）‚ brain cells multiply（大脑细胞繁殖） age of viability（生存的时间） Prenatal testosterone 2D:4D
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Chapter 01 1. The business entity assumption requires that a business be accounted for separately from other business entities‚ including its owner or owners. 2. The four basic financial statements include the balance sheet‚ income statement‚ statement of retained earnings and statement of cash flows. 3. A balance sheet covers a period of time‚ such as a month or year. 4. The income statement shows the financial position of a business on a specific date.
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Chapters 11-12: For years‚ Dorian finds himself under the influence of the book however he never tries to free himself from its grasp. He buys more than nine copies of the book from Paris and has them in different colors to represent his different moods. As years pass‚ Dorian remains as young and beautiful as he is when Basil first paints him. Rumors that he lives a dark life go around town but once people see his pure look‚ they do not believe the rumors. The difference between Dorian’s pure appearance
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CHAPTER 16 (fin man); chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial
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chapter 3 Exe# 6 In question direct labor hours is not given‚ we can find D.Labor hours through this formula Direct labor cost = 40000 = 6250 Hours Per D.Labor hours rate 6.40 1) Prime Cost (2) Conversion Cost Material opening 24000 Direct labor 40000 + purchase 56000 FOH Applied Material available for use 80000 6250 Hours@ 8 50000 - Material ending (20000) Conversion cost 90000 Material used 60000 + Direct labor 40000 Prime Cost 100000
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Mockingbird Date __________ Study Questions Chapter One 1. Chapter one introduces readers to the town of Maycomb‚ its appearance‚ its inhabitants‚ and the particular attitudes of many of its people. Find a sentence which illustrates the following idea/attitude: pride in ancestry and “tradition” “. . . source of shame. . . we had no recorded ancestors. . . All we had was Simon Finch . . . who lived to an impressive age and died rich.” 1. Chapter one introduces readers to the town of Maycomb
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CHAPTER 2 EXERCISES & PROBLEMS SOLUTIONS E2.1. Category Financial Statement(s) Cash…………………………………………… A BS Accounts payable…………….……………….. L BS Common stock………………………………… OE BS Depreciation expense………………………….. E IS Net sales……………………………………….. R IS Income tax expense……………………………. E IS Short term investments………………………... A BS Gain on sale of land……………………………. G IS Retained earnings……………………………… OE BS Dividends payable……………………………
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