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1. What additional information, besides simply the variance, may be useful to the accountant in evaluating the variance? Why?
2. Do you think variance analysis is a useful tool to employ when presenting financial information to non-accounting personnel, like a companys CEO or its board? Why or why not?
3. What are the risks and benefits of relying on variance analysis to convey an entitys financial picture?
How much must be invested now to receive $30,000 for ten years if the first $30,000 is received today and the rate is 8%?
A U.S. manufacturer has sold goods to a foreign firm for a sale price of 80,000 FC on 12/15/X1. The invoice is due 1/15/X2. The U.S. Firm fiscal year is 12/31/X1. Given the following exchange rates, what gain or loss would the U.S. firm record on ..
Prepare a journal entry to account for the payment to the retiring partner including bonus to or from the remaining partners. Include a narration.
What is the distinctive difference between the United States focus on promulgating and implementing accounting principles and that of other countries?
Kittana Corporation uses a FIFO process costing system
muncy inc. is looking to add a new machine at a cost of 4133250. the company expects this equipment will lead to cash
Which of the following industries is likely to have the lowest costs of financial distress? Which of the following industries likely to have the highest costs of financial distress?
compare and contrast an income statement and a balance sheet. what do they measure? why would a marketing manager
how are generally accepted auditing standards used?what analytical procedures are used during an audit?how is an audit
In Walker's December 31, Year 1 elimination of the intercompany sales transaction, the intercompany profit that must be eliminated from ending inventory is:
the silk corporation has outstanding 200000 of 8 percent bonds callable at 104. on december 1. immediately after the
mellilo corporation issued 6000000 of 20-year 9.5 percent bonds on july 1 2011 at 98. interest is due on june 30 and
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