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1. Why do firms have separate departments for warehousing and shipping? What about warehousing and inventory control? Doesn't this just create more paperwork?
2. Distinguish between the sales order, billing, and AR departments. Why can't the sales order or AR departments prepare the bills?
3. Explain the purpose of having mail room procedures.
4. In a manual accounting system, what advantage does the journal voucher system have over the traditional general journal system?
Pittman Corporation purchased a building by signing a $75,000 long-term mortgage with monthly payments of $1,000. The mortgage carries an interest rate of 12 percent. Prepare a monthly payment schedule showing the monthly payment, the interest for th..
you are evaluating two different silicon wafer milling machines. the techron i costs 290000 has a 3 year life and has
Based on this information, prepare a statement of cash flows for the year ended December 31 using the indirect method. Assume the cash balance at the beginning of the year was $ 7,000.
maintenance department costs of 320000 are allocated on the basis of budgeted maintenance-hours. personnel department
titania co. sells 400000 of 12 bonds on june 1 2012. the bonds pay interest on december 1 and june 1. the due date of
Compute the efficiency variances for direct labour and direct materials. Provide likely explanations for variances. Do you have reason to be concerned about you performance evaluation? Explain.
Would this investment be classified on Florists' balance sheet as held-to-maturity securities, trading securities, available-for-sale securities, significant-influence investments, or other? Explain.
What are the differences between regular and irregular items on income statement? What are the requirements for items to qualify as irregular?
Research a global business or an organization and analyze the overall effect of global competition of that company.
what is the process for adjusting the value of a trading or available-for-sale security after a valuation account has
The new machine would cost $20,000 per year to operate and maintain, but would save $100,000 per year in labor and other costs. The old machine can be sold now for scrap for $50,000. The simple rate of return on the new machine is closest to:
production overheads are absorbed into production units by the use of overhead cost rates. which of the following best
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