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1. What issues need to be considered when making the switch from a manual accounting system to a computerised accounting system?
2. What is the difference between an accounting information system and a management information system?
Compare and analyze the financial metrics and ratios used to evaluate the balance sheet and income statement information and describe how these metrics are used by business managers, markets and investors, and government regulators.
Recently, the company is considering increasing its advertising by $50,000 in order to sell more car parts. How many additional parts must the company sell in order to justify the increased advertising costs?
The following information is available at the end of the period for the completed job. What is the unit cost for this job? Using the information above prepare the journal entry to record the adjustment for overapplied overhead.
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period’s estimated level of production.
The Masterson Company accepted a $30,000, 120 day, 11% interest bearing note dated December 15, 2007 from one of their customers. The customer eventually paid the note at its maturity value. Based on a 360-day year, what amount should Masterson repor..
Day Company sells $400,000 of 55?%, 10?-year bonds for $388,000 on April? 1, 20142014. The market rate of interest on that day is 5.5%. Interest is paid each year on April 1. Day Company uses the? straight-line amortization method. The amount of inte..
At December 31, 2010, the land's value has increased to $93,000. Explain what amount should be reported for land on Karen Sommers's balance sheet at December 31, 2010?
What are the distinguishing characteristics of variable, fixed, and semivariable factory overhead costs? What effect does a change in volume have on total variable, fixed, and semivariable costs?
A corporation had 50,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 10% stock dividend when the market value of each share was $27. The entry to record this dividend is:
Compute the break-even point in units for the company. Determine the number of units to be sold at the break-even point for each product line.
How much is the interest income for the year 2016? Carrying amoubt of loan as of december 31 2017 Can you please show the solutions since i really dont understand this problem.
In November, one of the processing departments at Shelp Corporation had beginning work in process inventory of $52,200 and ending work in process inventory of $31,100. During the month, the cost of units transferred out from the department was $614,8..
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