330 machine‚ the sunk cost wasA.319‚000B.386‚000C.285‚000D.323‚000 The 319‚000 cost of the old machine is a sunk cost. AACSB AnalyticAICPA BB Critical ThinkingAICPA FN Decision MakingBlooms ApplyBrewer - Chapter 01 151Difficulty 1 EasyLearning Objective 01-07 Understand cost classifications used in making decisions differential costs opportunity costs and sunk costs.Topic Cost Classifications for Decision Making 2.Selena Company has two products A and B. The company uses activity-based costing.
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SWOT MATRIX TOPIC: Mini Mart’s Inventory System with Barcodes INTERNAL EXTERNAL FACTORS | A. STRENGHTS * Existing customer base * Good quality of the products * Existing brands * Worker’s unique skill set * Location of the business | B. WEAKNESSES * Lack of knowledge * Lack of customer service * IT skills-Process * Financial Position * Undifferentiated products | C. OPPORTUNITIES * Sales * New products * Cross-selling
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“certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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Continuing Payroll Problem-B OLNEY COMPANY‚ INC. PAYROLL REGISTER FOR PERIOD ENDING January 8‚ 20 - -
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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complaints and adjustments employees‚ no database of past payroll history for the previous years. Interpreting observations‚ the researcher conceptualize Payroll System: Log in Log out using Biometrics‚ a combination of two systems that use the application of Biometrics. This kind of system‚ is widely use by today’s business organization meant for succeeding competitive business environment. Log in Log out system is use for timekeeping‚ while the payroll system includes the process of calculating the salary
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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(Project management: Case Studies Harold Kerzner‚ (2006). John Wiley and Sons) Management by objectives This technique allows all parties‚ the project manager‚ the functional manager‚ and the employee‚ to share and to participate in the appraisal. It epitomizes the systems approach since it allows for objectives modification without undue or undeserved penalty to the employee. Finally‚ it uses objective data and downplays subjective data. Advantages emphasis on results rather than on abstract
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Annual Objectives for Family Dollar: 11.1 Family Dollar is one of the few companies who have done very well in the market even though the economy has had its downfalls for the last five years. However as all the companies who want to stay profitable Family Dollar needs set annual objectives and create policies so they stay in business and maintain their profits. An annual objective is right only when it is Quantitative‚ Measurable‚ Realistic and Timed (David‚ page 134). Following the criteria
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