A sporting goods manufacturer buys wood as a direct material for baseball bats. The Forming Department processes the baseball bats‚ and the bats are then transferred to the Finishing Department where a sealant is applied. There was no beginning work in process inventory in the Forming Department in May. The Forming Department began manufacturing 10‚000 Casey Slugger baseball bats during May. Costs for the Forming Department for the month of May were as follows: Direct materials $33‚000 Conversion
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Pepsi ACC205: Principles of Accounting Instructor Susanne Eliott August 19‚ 2013 Pepsi PepsiCo Inc. is an American multinational food and beverage corporation headquartered in Purchase‚ New York. PepsiCo is a world leader in convenient snacks‚ foods‚ and beverages‚ with revenues of $60 billion and over 285‚000 employees. PepsiCo owns some of the world’s most popular brands‚ including Pepsi-Cola‚ Mountain Dew‚ Diet Pepsi‚ Lay’s‚ Doritos‚ Tropicana‚ Gatorade‚ and Quaker. Coca-Cola
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Human Resources Management in Canada Case Incident A New HR Professional’s First Workplace Dilemma Case Study Questions: 1. Do you agree with how Laura handles this situation? If so‚ why? If not‚ what would you have done differently? 2. Is it important for this company to have such a policy in place? If so‚ how can the employment (labour) standards act in your province/ territory help in drafting a policy on appropriate computer use? I believe it is important for this company
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Name: ________________________ Class: ___________________ Date: __________ Quiz 2 1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects
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Greetings Inc. has operated for many years as a nationally recognized retailer of greeting cards and small gift items. It has 1‚500 stores throughout the United States located in high-traffic malls. As the stock price of many other companies soared‚ Greetings’ stock price remained flat. As a result of a heated 2007 shareholders’ meeting‚ the president of Greetings‚ Robert Burns‚ came under pressure from shareholders to grow Greetings’ stock value. As a consequence of this pressure‚ in 2008 Mr
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70‚000 units 80‚000 units 90‚000 units Sales $1‚400‚000 $1‚600‚000 $1‚800‚000 Cost of goods sold 840‚000 960‚000 1‚080‚000 Gross profit on sales $560‚000 $640‚000 $720‚000 Operating expenses ($90‚000 fixed) 370‚000 410‚000 450‚000 Operating income $190‚000 $230‚000 $270‚000 Income taxes (30% of operating income) 57‚000 69‚000 81‚000 Net income $133‚000 $161‚000 $189‚000 Assume that the cost of goods sold and variable operating expenses vary directly with sales and the income taxes remain
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“Functional Roles of Managers” FIN 561 05 June 2012 Business Structures In the United State‚ there are a variety of business and organizational structures that are currently operating. Each structure possesses number of advantages and disadvantages that must be considered‚ whether in a sole proprietorship or corporation. The purpose of this short essay is to identify several types of business structures and list the pros and cons of each. Sole Proprietorship is a company owned and sometimes
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Business Proposal Nakia Allen‚ Carlene Hill‚ Beverly Morris‚ James Kennedy‚ Ronald Phillips‚ and PaShona Lewis Eco/561 12-6-2012 Charles Frederickson Abstract In this paper Team B will write a business proposal for a Boys Boutique named Kaleb’s Kloset. Team B will include molds about the elasticity of demand and the market structure for the boutique and determine the profit-maximizing quantity. Team B will cover the use of marginal cost and marginal revenue to maximize profit by
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Name ________________ Section time _______________ ACC 321 – Quiz 1 PART I: Multiple choice‚ 3 points each. (Transfer your answers to the proper question on the answer sheet and fill in only one circle per question.) 1. Which of the following is NOT a major challenge facing the accounting profession? a. Non-GAAP earnings. b. Fair value measurement. c. Accounting for fixed assets. d. Forward-looking information. 2. The objective of financial reporting places most
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Individual Assignment: Week 4 QNT 561 November 1‚ 2010 Lee Chang Question 5 In the following situations‚ decide whether you would use a personal interview‚ telephone survey‚ or self-administered questionnaire. Give your reasons. a) A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision. In this situation I would use a personal
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