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Osakwe, an enterprising student, has set up an internship clearing house for business students. Each student who uses the service fills out a form and lists up to 10 companies that he or she would like to have contacted. The clearing house has a choice of two methods to use for processing the forms.
The traditional method requires about 20 minutes to review the form and arrange the information in the proper order for processing. Once this set-up is done, it takes only two minutes per company requested to complete the processing.
The other alternative uses an optical scan/retrieve system, which takes only a minute to prepare but requires five minutes per company for completing the processing. If it costs about the same amount per minute for processing witheither of the two methods, when should each be used?
Prepare a trial balance of the general ledger and prove the accuracy of the subsidiary ledger by preparing a schedule of accounts receivable - Prepare a sales journal and a cash receipts journal
Describe the similarities and differences between management accounting and financial accounting. Why would a manager require different information than that found in basic accounting?
Discuss how environment factors such as economics, political, and social factors may influence a business’ decision to engage in foreign trade. Discuss how companies might minimize risk related to exchange rates
Lara Co. traded its old computer for a new model. The following information is pertinent to this transaction: How much loss should Lara immediately recognize on this trade-in?
he company’s policy is to begin each quarter with an inventory of direct materials equal to 30 percent of that quarter’s direct material requirements. Calculate budgeted direct materials purchases for the third quarter.
orders stationery and other office supplies in the amount of $300. Before the partnership pays for the supplies but after the partnership has taken title and possession of the supplies, is there any effect on the tax basis of each partner's partne..
Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor?
Prepare a classified balance sheet with a proper heading on a spreadsheet
The value of the firm is equal to the discounted value of the firm's free cash flows. Is it possible to forecast distant free cash flows? If not, what is the alternative?
Next, analyze how you, as the Chief Financial Officer (CFO) of a "big box store" that has potential pollution, environmental-disposal, or demolition problems, would handle these costs in your financial statements and communicate this proposed plan to..
A soft drink bottler incurred the following factory utility cost: $3,911 for 850 cases bottled and $3,966 for 1,000 cases bottled. Factory utility cost is a mixed cost containing both fixed and variable components. The variable factory utility cost p..
David, a cash basis taxpayer, owns two rental properties. Based on the following information, compute the amount that he must include in his 2012 gross rental income.
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