EBF2043‚ Sem 2‚ 2012/13 Group Assignment AstaPack manufactures medicines that are related to allergy sickness which is packaged into the Breathe product line and the TravelPack line. The company sells large commercial containers of 1‚200 capsules to health care facilities and travel packs of 40 capsules to shops in airports and hotels. The finance manager has just returned from an ABC seminar and has been asked to assist in the development of an ABC system in the organization. The following
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Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
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ACCT 2102 EXCEL ASSIGNMENT 1 SUMMER SEMESTER 2014 This assignment must be entered into a spreadsheet and emailed to me by WEDNESDAY JULY 2‚ 2014‚ midnight. Please use Excel to solve the textbook Case (pp 152-153). Please use the ABC template as illustrated on page 139 of your textbook in your solution (ALL of the account and product names will have to be changed to the Case question descriptions). The paper is worth a possible 25 points toward your grade. All work must be your own and please
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1) Before answering this question lets review the job and process costing sytems: Job order cost system: • Jobs are assigned to each job or batch • A job may be for a specific order of inventory Process cost system : • This cost system is generally used when a large volume of similar products are manufactured Answers: a. A custom yacht builder – job order costing b. A golf course designer – job order costing c. A potato chip
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CHAPTER 15 MANAGING CURRENT ASSETS (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Working capital Answer: c Diff: E [i]. Other things held constant‚ which of the following will cause an increase in working capital? a. Cash is used to buy marketable securities. b. A cash dividend is declared and paid. c. Merchandise is sold at a profit‚ but the sale is on credit. d. Long-term bonds are retired with the proceeds of
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Christopher McCandless: Hero It was a tragedy that Christopher McCandless died in Alaska; but he was not wrong in rejecting American society and what it stood for in the modern day. Jon Krakauer’s book‚ Into the Wild‚ tells the true story of Christopher McCandless and why he left his home and his family and how he managed to survive for so long after he left. The book deals with the people he meant and grew close to‚ and his impact on their and other people’s lives. Chris decided to leave
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theme of this passage is dominance and violence. A lot of blood was shed for the sake of land being "discovered". Countless of native people and their cultures are also looked down upon‚ as they are seen as savages. For example‚ in the section Christopher Columbus‚ he writes a letter that goes into detail about his voyages. Due to the fact that the native people are not like him‚ he thinks of them as people who are lower status. In his letter he states "Among those other tribes who are excessively
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WK4 1How much would the firm’s revenue change if it lowered price from $12 to $10? Is the demand elastic or inelastic in this range? | When P = $12‚ R = ($12)(1) = $12. When P = $10‚ R = ($10)(2) = $20. Thus‚ the price decrease results in an $8 increase in total revenue‚ so demand is elastic over this range of prices. How much would the firm’s revenue change if it lowered price from $4 to$2? IS the demand elastic or inelastic in this range? | When P = $4‚ R = ($4)(5) = $20. When P
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both. There are many different conquering events to explore and understand‚ but this paper will look into only two of the ‘big ones’ that are recognized in the world today. One commonly recognized and celebrated example of conquering is that of Christopher Columbus in 1492. From as early as birth it seems children hear of the courage and accomplishments of Columbus‚ even to the point that we have a federal holiday dedicated to him on the second Monday of October. He is credited with the discovery
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How do managerial accounting practices benefit business organizations? Nowadays‚ managerial accounting practice is practiced by many successful producers in Japan‚ Korea‚ China and others. Therefore‚ they are able to use their resources effectively and efficiently. Companies practicing managerial accounting are also able to maintain the quality of their products yet still offering reasonable price for their products. Managerial accounting differs from traditional financial accounting practice in
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