Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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3. The main problems from the Cyclermate business 3.1. Production – the manufacturing issue Initially‚ Cyclermate have been using the old and ancient materials as steel tube‚ automated tube to cut saw and bend machine‚ so it can pull the productivity because they just can not meet the physical demands of the task and difficult to keep the level of production‚ so this is the reason why the number of complaints from customers about the quality and faults of their cycle production have highly increased
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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time. Earnings smoothing is extensively documented (see Beidlerman 1973; Bannister * The authors thank Sugato Bhattacharyya‚ Ronen Israel‚ David Hirshleifer‚ participants at a finance workshop at the University of Michigan Business School‚ and three anonymous referees for their helpful comments. 1. See CPA Journal (December 1998)‚ pp. 14–19‚ quote on p. 14. See also Collingwood (2001) for a discussion of the evidence on earnings management. (Journal of Business‚ 2003‚ vol. 76‚ no. 1) ᭧ 2003
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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What is the purpose of government? A question like this can lead to several different answers and so many more controversies. One of these controversies in reality is democrats and republicans. In my opinion‚ I believe that the purpose of government is to protect everyone‚ to help‚ and to be there for eachother. If we were not there for eachother then‚ we would only have ourselves‚ and there would be chaos‚ and then there would be no government. In the excerpts of the Magna Carta it states‚ “To no
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services‚ and personal computers. Its best-known hardware products are the Mac line of computers‚ the iPod media player‚ the iPhone smartphone‚ and the iPad tablet computer. Its online services include iCloud‚ iTunes Store‚ and App Store. Their main purpose is to maintain and continue their excellent reputation of being the most successful electronics company in the world. This is a public limited company which means it is owned by the public and they can buy shares into it if they want to. The ownership
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ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising from Jill’s decision‚ which are Jill herself‚ the lending bank‚ the working staff‚ the Australian tax office‚ and the customers. As the main owner of the business‚ (assuming Jill is a sole trader as the text implying)‚ any significant decisions will directly effect her own property‚ which implies once the new equipment plan fails at making profits‚ the huge loss will bring herself to break
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Introduction Within the English legal system there are four main theories of punishment; retribution‚ deterrence‚ incapacitation and rehabilitation. The retributive theory looks back to the crime and punishes because of the crime. The remaining three all look forward to the consequences of punishment and thereby hope to achieve a reduction in crime. They are therefore often termed consequentialist or utilitarian theories. The boundaries between these theories are far from clear‚ containing sub-categories
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local market area residents. The Company EB is incorporated in Eldoret Town‚ its postal address being The mobile number being It is owned and managed by its owner-Eric Kipchoror Kiplagat. Mr.Eric Kipchoror Kiplagat has extensive experience in accounting‚ sales‚ marketing‚ and management and is the Sales Executive of Sergoit Golf & Wildlife. The company intends to hire two full-time pastry bakers and six waitresses to handle customer service and day to day operations. Products and Services
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