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1. Define inventory conversion period, average collection period, and payables deferral period. Explain how these are used to form a cash conversion cycle.
Explain the difference between the job descriptions of a Financial Accountant versus the job description of a Management Accountant.
Prepare the journal entries to record the interest and principal payments to the lender on May 31, 2011. Prepare the adjusting journal entry to record the interest owed at the end of the accounting period on December 31, 2010.
Determine the Number of lollipops that must be sold to reach this target and determine the DL and DM budget needed to reach this target.
Phoenix Company's 2013 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.
What client mix will maximize Spencer's monthly commissions, assuming he works 200 hours per month - what are the activity - cost driver rates for the supervision of direct labor, machine maintenance, and facility rent.
Calculate the expected gross margin next month. Calculate the expected contribution margin next month. Calculate the expected total administrative expense next month.
Vernazza Pizza's owner bought his current pizza oven four years ago for $10,000 and it has one more year of life remaining. He is using straight-line depreciation for the oven.
Suppose Company B sold 10 percent more units during the year than it did according to table. Determine Company B's operating profit for this scenario.
Indicate three production costs that are likely to increase because of the addition of a second production shift.
Review Polaris income statement in Appendix A and identify its revenues for the years ended December 31, 2011, December 31, 2010, and December 31, 2009.
Compute the break-even point in units and dollars - Compute the margin of safety in dollars and as a ratio, assuming actual sales
Provide examples of how cash is used or provided depending on whether it is categorized as an asset or liability.
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