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One of the many changes in the business environment in current years that has had significant impact on cost management practices is a "focus on the customer". You are part of the management group in a medium-size Internet service company. The company is just 3 years old and is growing dramatically, doubling its customer base every six months.
(a) Explain your typical customer's needs and service expectations.
(b) How has the doubling of your firm's customer base every 6 months affected its ability to maintain this focus on the customer? If this dramatic growth continues, what are some specific actions your firm will take to retain its goal of "focus on the customer"?
For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $470,300, depreciation expense of $61,200, and additions to retained earnings of $48,560.
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Jon Johnson an accountant with local CPA firm, has just completed an inventory count for Mom & Pop's Groceries. Mom and Pop provide audited financial statements to their bank annually, and part of that audit requires an inventory count.
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Tanner Bay Inc. has two departments, Assembly and Packaging. The company uses a job-order costing system and computes a predetermined overhead rate in each department. What is the predetermined overhead rate to be used in each department? Show comp..
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Creating a perception of detection can act as a deterrent to fraud. What are some ways companies attempt to create such a perception?
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