loss data‚ do you agree with Water’s decision to keep product 103? Yes‚ we agree with Water’s decision.We explain it through Incremental Analysis (differential Income Approach) Continue Drop Difference Sales 26670 0 -26670 Less-Variable Expense Compensation Insurance 458 0 458 Direct Labour 6879 0 6879 Materials 4851 0 4851 Supplies 350 0 350 Repairs 104 0 104 Power 302 0 302 Total Variable Expense 12944 12944 Contribution Margin 13726 -13726 Less-Fixed Expenses
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Treatment of Private Jet Expenses Facts: Alex Jones is a computer engineer‚ Aubrey‚ his wife‚ is an attorney. Alex is an independent contractor at ABC‚ Inc. Jones owns a Christmas tree farm as sole proprietorship in Oregon and they report the farm on their joint federal income tax return. Apart from the home in Phoenix‚ AZ‚ Jones has the other home in Honolulu‚ Hawaii‚ and cost $2 million to rebuilt it. They lease the home to operate the house as B&B. Apart from that‚ they also own a home
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believe is the magic number for true expertise: ten thousand hours" (Gladwell 40). The number was determined through a study where people compared the number of hours throughout their lifetime from amateur pianists and professional pianists. Most professional pianists played the piano around 10‚000 hours from when they were five years old to twenty years old in order to be the player they are today. With that example‚ anyone can be able to execute a task perfectly‚ like a professional‚ if they are
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concept of specialization for efficiency in 350 B.C. Evidence of sophisticated financial management exists for much earlier times: the Chinese produced a planning and control system in 1100 B.C.‚ a minimum-wage system was developed by Hammurabi in 1800 B.C.‚ and the Egyptians and Sumerians developed planning and record-keeping systems in 4000 B.C.1 Many managers in early history discovered and rediscovered managerial principles while attempting to reach their goals. Because the idea of management thought
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Using the 30-day expense tracking worksheet was fairly easy and useful. I did not encounter any challenges with this assignment. It was helpful because it helped me keep track of my expenses for a whole month. During this whole month‚ I was able to notice what most of my money was going towards to. A lot of it was going towards food. Recording my transactions all the time was slightly difficult. There must have been some stuff I purchased that I forgot about. Usually‚ I remembered to record any of
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Medical Expense Plan Problems (based on BSU Health Plan) Name:_______________ You will need information about each of the BSU Health Plans to be able to complete this assignment. The information on the summary page is sufficient‚ and the summary pages for each plan are available under the documents included for Medical Expense Assignment #1. All expenses are assumed to be at in-network endorsed Encircle providers except where noted (Ball State uses a network-within-a-network‚ or two layers of
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To: Diane M. Comi‚ J.D.‚ LL.M. From: Sam Smith Date: September 14‚ 2014 Re: Medical Expense Deduction under IRC 213 for Swimming Pool FACTS The taxpayer‚ Susan‚ suffers from severe osteoarthritis in both knees and has a hard time living comfortably. Susan has taken many precautions to better her health including: cortisone injections‚ painkillers‚ physical therapy‚ and arthroscopic surgery. Being that this is a hereditary disease‚ the doctors predict that it’s only going to get worse. The key to
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1- On December 31 of the current year‚ Hewett Company reported an ending inventory balance of $215‚000. The following additional information is also available: • Hewett sold goods costing $38‚000 to Trump Enterprises on December 28 and shipped the goods on that date with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215‚000 because they were not in Hewett ’s warehouse. • Hewett purchased goods costing $44‚000 on December 29. The goods were shipped
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6-B3 Dropping a Product Line Hambley’s Toy Store is on Regent Street in London. It has a magic department near the main door. Suppose that management is considering dropping the magic department‚ which has consistently shown an operating loss. The predicted income statements‚ in thousands of pounds (£)‚ follow (for ease of analysis‚ only three product lines are shown): General Electronic Magic Total Merchandise Products Department Sales £6‚000 £5‚000 £400 £ 600 Variable expenses 4‚090 3‚500
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long-term capital underinvestment and product-process mismatch. It is recommended that the plant be phased out of operations over a five-year period with production and staff gradually shifted to a new plant to be built in the Detroit area. Further‚ it is also recommended that division accounting procedures and evaluation mechanisms be modified to allocate revenues/costs allowing for the synergistic benefits of Detroit’s products‚ and to recognize inherent manufacturing complexities‚ respectively. Issues
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