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Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.Guided Response:
Review your peers' posts and respond to at least two of your classmates. Describe how job order costing, process costing, or activity based costing could resolve or exacerbate the issues your classmates discussed in their initial posts.
Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you'd recommend using a static budget over a flexible budget?Guided Response:
Review your peers' posts and respond to at least two of your classmates. Discuss whether you agree or disagree with the uses of a flexible budget and why.
Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2012, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record this transaction on January 2, 2012. How much t..
For 2007 Mossland Corporation reported gross profit $100,000; net income of $24,000; sales $500,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 profit margin?
specal assessmentdebt may be in economic substance andor legal form an obligation of the asessed property owners rather
as you have learned business processes are critical concepts to understand as an accountant. oftentimes auditors group
Ethics plays a major role in the auditing process and profession. Discuss the ethical theories that can be utilized to deal with issues that can arise during the audit process. Address the following topics:
division a of smith company has the capacity for making 3000 motors per month and regularly sells 1950 motors each
berlin corporation purchases an investment in best pictures inc. at a purchase price of 3 million cash representing 45
Prepare a contribution income statement for each segment, revealing the segment margin
At the beginning of the year, Addison Company's assets are $212,000 and its equity is $159,000. During the year, assets increase $80,000 and liabilities increase $58,000. What is the equity at the end of the year?
acme inc. paid 30000000 to purchase arthur ltd. at the date of purchase arthur ltd. had assets with a current market
what are ratios? how could liquidity ratios be used by investors to determine whether or not to invest in a
identify a cost driver for costs for each of the followinga. machine maintenanceb. machine setupc. utilitiesd. quality
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