Chapter 1 Managerial Accounting: Tools for Decision Making Discussion QUESTIONS Q1-1. Financial accounting is oriented toward external users and is concerned with general-purpose financial statements. These financial accounting statements are highly aggregated‚ report on relatively long time periods‚ are oriented toward the past‚ and must conform to external standards. These standards emphasize the use of objective data. Management accounting is oriented toward internal users and is
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Assignment 9: Business Finance (16.0 points) 1. Choose an example of a type of new company you could start‚ and then use this company idea to answer the questions below. You might choose to open a hair salon‚ a babysitting service‚ a record store‚ or many other things. This can be the same type of company you chose in assignment 8‚ or it can be different. a. Describe the type of company you chose. (1-2 sentences. 0.5 points) b. If you needed to get funding for your company
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According to our textbook the closing process serves a dual purpose 1. The temporary accounts (revenues‚ expenses‚ gains and losses) are reduced to zero balances‚ ready to measure activity in the upcoming accounting period‚ and 2. These temporary accounts are closed (transferred) to retained earnings to reflect changes that have occurred during that accounting period. (Spiceland p. 79). There are three times during an accounting period when a company should perform a closing process‚ daily‚ monthly and
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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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TUGAS MANDIRI KASUS: BARRETT FARM FOODS: A SMALL FIRM’S INTERNATIONAL LAUNCH Jawablah pertanyaan dibawah ini: 1. Do you see any problems with Mr. Austin’s plan for European expansion? Do you support his entrepreneurial approach to exporting? What should be the features of a more systematic approach to exporting? Answer: Philip Austin could have two of the following issues in the European market. First‚ BBF had little experience in export. Secondly‚ BBF has to solve many export sector
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A) Straight-line Depreciation Computation End of Year Year DC X DR = ADE AD BV 2012 220‚000 25% 55‚000 55‚000 195‚000 2013 220‚000 25% 55‚000 110‚000 140‚000 2014 220‚000 25% 55‚000 165‚000 85‚000 2015 220‚000 25% 55‚000 220‚000 30‚000 ($250‚000 – $30‚000) 1/4 = 25% Please note abbreviations are the same as bellow Double- Declining-Balance Depreciation Computation End of Year Book Value Annual
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Chapter 1 The Corporation Chapter Outline 1.1 The Four Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 1-2 Learning Objectives 1. List and define the four major types of firms in the U.S.; describe major characteristics of each type‚ including the means for distributing income to owners. 2. Distinguish between limited and unlimited liability‚ and list firm types that are subject
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ENGLISH LITERATURE COMMENTARY THE KITE RUNNER The paragraph shows the moment of epiphany as it is the moment where Amir realizes that Hassan know that Amir had hide behind the alley when the incident happened. Amir discovers Hassan’s love for him is endless and accepts his flaws despite after everything that has happened shows in the phrase “led to another understanding: Hassan knew”. Hassan proves that his love for Amir is so great that he forgives Amir and willing to cover up for Amir once
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Title: gun point Characters: -Charlies voice over (narration) -Charlie -Knuckles - Squizzy -Squizzy’s friend Setting: Squizzy is celebrating with his mates. When Charlie comes to tell him his upsetting news (at Squizzys office). Charlie: (knocks on door) Voiceover: a few seconds after knocking on the door the metal plate slid open. Knuckles: yeah? Charlie:knuckles its me Charlie Voice over: as he opened the door knuckles flashed me a smile. Knuckles: how are ya‚ this fine evnin‚ Charlie
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Eric Baumbach AP Macro Response Paper “Making money takes time‚ so when we shop‚ we’re really spending time. The real cost of living isn’t measured in dollars and cents but in the hours and minutes we must work to live (5).” After reading this sentence‚ I felt a little confused about what the author meant in this sentence. However‚ after reading the inflation example about stockings and cell phones‚ I truly do understand and agree with this quote. As the author explains‚ just because the price
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