gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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Chapter 15 Leases AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools‚ departments‚ and faculty may approach assessment and its documentation differently‚ one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor‚ we have labeled each question‚ exercise‚ and problem in Intermediate Accounting‚ 7e‚ with the following AACSB learning skills: Questions
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
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Constructor Letter……………………….……..3 License…………………………………………………………....4 General Construction Tips………………………………………..5 Parts List………………………………………………………….27 Assembly Structure……………………………………………….29 Drawings………………………………………………………….32 TM HOVERCRAFT CONSTRUCTION MANUAL DiscoverHover www.discoverhover.org The World Hovercraft Organization’s International School Hovercraft Program All Material c 2003 World Hovercraft Organization All Rights Reserved www.worldhovercraft.org Hello Hovercraft Constructor: You
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CI/SfB (28) October 2011 Hh2 SFS Specification Manual www.metsec.com 2 Contents Metsec: investing in quality and service 4-5 Choosing the right SFS application 6-7 SFS applications 8-17 SFS component range Infill walling Continuous walling High-bay separating walls Load-bearing structures 8-9 10-11 12-13 14-15 16-17 External finishes 18-23 Section through masonry clad wall External wall - Brickwork External wall - Insulated render External wall - Timber cladding External
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Market Research Manual Market Research is gathering data‚ recording data and analysing research. I am going to explain the different types of market research including primary‚ secondary‚ quantitative and qualitative research. Primary research also known as field research involves the collection of data that does not already exist‚ so this means you are collecting data of your own‚ not someone else’s. Primary Research includes: - Observation – This is observing/ watching something‚ which could
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opinion‚ why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? In my opinion the reason for this is that accounting equations must always balance and the two sides must always be equal. Each transaction has a dual
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