EXERCISES E1-1 The variances for kitchen wages and utilities were favorable for September‚ whereas the variances for food and supplies were unfavorable. On a year-to-date basis‚ the only expense that did not have the same pattern as September was utilities which had a $120 F variance for the month‚ but an $850 U year-to-date variance. E1-2 No‚ the performance report should not be prepared just once a year. It should be furnished to managers at regular intervals‚ in this case monthly‚ on a
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Chapter 8—Payroll Accounting: Employee Earnings and Deductions TRUE/FALSE 1. Payroll expenditures represents a relatively small part of the total expenditures of most companies. ANS: F DIF: Easy OBJ: LO 8-1 MSC: AACSB Communication 2. The Fair Labor Standards Act provides that all employees covered by the act must be paid one and one-half times the regular rate for all hours worked over 40 per week. ANS: T DIF: Easy OBJ: LO 8-2 MSC: AACSB Communication 4. Compensation expressed in terms
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II. BENEFITS OF EXERCISE About 100 B.C.‚ Cicero observed that “exercise and temperance can preserve something of our strength in old age.” Aristotle stressed the need for exercise to maintain “a healthy mind in a healthy body.” In the Misneh Torah‚ the twelfth century Jewish scholar and physician‚ Rabbi Moses Maimonides‚ strongly recommended daily exercise and warned that “anyone who sits around idle and takes no exercise will be subject to physical discomforts and failing strength.” Early in
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CHAPTER 10 CAPITAL BUDGETING FOCUS Our focus in this first capital budgeting chapter begins with the time value concepts behind methods and then moves on to computational and decision making techniques. The problems of cash flow estimation and risk encountered in practice are touched upon here in anticipation of a detailed treatment in a later chapter. PEDAGOGY A brief overview of the cost of capital concept is presented early in the chapter even though it is the subject of
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during the period of withdrawal how exercise can regulate your mood? no doubt we all believe that exercise is a magical key to lead a long and healthy life. Exercise has several benefits on our mind and body. By doing exercise regularly‚ the can stay away from a lot of body ailments which are a must with the advancing age. For seniors following an exercise routine is the ideal way to enhance their energy level and is stay fit. This is common that with advancing age we become less active. Lack of
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that 30 percent of sales are collected in the month of sale‚ 60 percent in the following month‚ and 10 percent are never collected. Prepare a schedule of cash receipts for J. Lo’s Clothiers covering the fourth quarter (October through December). Solution: J. Lo’s Clothiers September October November December Credit sales $70‚000 $60‚000 $55‚000 $80‚000 30% Collected in month of sales 18‚000 16‚500 24‚000 60% Collected in month after sales 42‚000 36‚000 33‚000 Total cash receipts $60‚000
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Rushi Katragadda Don’t Know Much About History Chapter 5 1. What happened at Custer’s Last Stand? Battle between Native Americans and U.S. forces‚ as a result of actions made by George Armstrong Custer. One of the greatest conflicts between the two forces leading to the government to wage war against the tribes. Even though the Natives were only defending against attack they were called out as murderers. 2. What happened at Wounded Knee? This was the Natives last stand in the 1800s bringing an
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Smith Consulting has been retained in order to develop a functional and effective Frequent Shopper program for Kudler Fine Foods. Kudler Fine Foods has decided that it is in its best interest to implement this type of new marketing plan in order to build customer loyalty. The program will allow the shoppers at Kudler Fine Foods to earn points based on the purchases they make. These points will allow consumers to earn high end rewards. Kudler Fine Foods has specified to Smith Consulting that the desired
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Exercise 16–1 Requirement 1 Since taxable income is less than pretax accounting income‚ a future taxable amount will occur when the temporary difference reverses. This means a deferred tax liability should be recorded to reflect the future tax consequences of the temporary difference. Income tax expense (to balance) 140‚000 Deferred tax liability ([$400‚000 – 250‚000] x 35%) 52‚500 Income tax payable ($250‚000 x 35%) 87‚500 As a result‚ net income is $260‚000: Pretax accounting
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+ Ch. 8. Some approaches to the choice of entry mode Hollensen‚ S. Essentials of Global Marketing‚ 2nd Edition‚ 2012 9-2 Learning objectives Explore different approaches to the choice of entry mode Explain how opportunistic behaviour affects the manufacturer/intermediary relationship Identify the factors to consider when choosing a market entry strategy Explain the major types of exporting Entry mode An entry mode is an institutional arrangement necessary for the entry of a
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