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Question one: Are favorable variances always good and unfavorable variances always bad? How should variances be interpreted? (150 words)
Question two: Standards tend to fall into one of two categories:
Ideal standards can only be attained under the best of circumstances. They allow for no work interruptions and they require employees to work at 100% peak efficiency all of the time.
Practical standards are tight, but attainable. They allow for normal machine downtime and employee rest periods and can be attained through reasonable, highly efficient efforts of the average worker. Practical standards can also be used for forecasting cash flows and in planning inventory. ( 150 words)
The process of breaking a large program down into manageable pieces is known as top-down design or the _____.
Discuss the characteristics of the corporate form of organization and identify the key components of stockholders' equity
Draft a memo to a client comparing the advantages and disadvantages of using forward contracts and options to hedge foreign exchange risk.
Summarizing the article or position of the G.A.S.B. as presented in the article, and discussing any implications of the article or position.
What four factors did Roll and Ross (1995) identify in their study of U.S. stocks? Are individual stock returns more closely related to national or industry factors? What implication does this have for portfolio diversification?
1.On January 1, 2013, the Montgomery Company agreed to purchase a building by making six payments.
On December 31, 2010, Irey Co. has $2,000,000 of short-term notes payable due on February 14, 2011. On January 10, 2011, Irey arranged a line of credit with County Bank which allows Irey to borrow up to $1,500,000 at one percent above the prime ra..
the cumulative feature of preferred stocka.limits the amount of cumulative dividends to the par value of the preferred
Prepare bank reconciliation for May. Prepare any journal entries required as a result of the bank reconciliation. Why are they necessary? After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the l..
Based on the information given, determine the following for trademarks disposed of during 2013: (a) their cost, (b) their accumulated amortization at the time of disposal, and (c) the gain (loss) on disposal of trademarks.
data not yet recorded at december 31 2011 included a. the supplies count on december 31 2011 reflected 240 remaining
Auditors obtain knowledge about a new client's business and its industry to understand the events and transactions that may have an effect on the client's financial statements and the development of the audit plan? True/False? Why
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