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Assume absence of trade under increasing opportunity costs, US producing wheat 18 (y-axis) and autos 5 (x-axis). The relative cost of wheat into autos (slope of the line) is .33 bushels of wheat. So, to produce one auto, the nation needs to give up .33 bushels of wheat? How the book came up with this slope? Why is not 18/5= 3.6 the slope?
what are some things you could do to avoid having states where these customers live require you to collect sales tax?"
Determine the spending and efficiency variance for variable manufacturing overhead costs for the year.
After obtaining an understanding of entity's internal control and assessing control risk, an auditor of a non public company decided not to perform additional tests of controls.
Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead. Illustrate what is the total amount of overhead costs assigned to the standard mode..
Evaluate interest expense would be reported on the 2012 income statement? Determine total liabilities would be reported on the 31 st December, 2012, balance sheet?
The company plans to sell 17,000 bookbags this year. Illustrate what are the variable expenses per unit?
The effect of information systems may be quantified in every organization. Using specific examples in your own organization, illustrate how does the information system you use make your job easier? Why? How may it be improved?
Namiki, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31, 2011. Illustrate what subsequent events should be considered? What procueruse should be considered?
Adjusted current earnings: $10,000, 17,000, 5,000. Find what are the ACE adjustments for each of the three years?
The building is to be depreciated using the straight-line method over a period of 40 years with no salvage value. What is depreciation for year 1 and year 2?
Illustrate what conclusions can you draw concerning the relative liquidity and efficiency of this corporation? How does Target’s results compare to other companies in the same industry?
He also paid $14,000 in mortgage interest, $1,800 in property taxes, $300 of credit card interest, and $1400 in job hunting expenses when he tried to change jobs in March. Find out Johns income tax liability for 2009 before any allowable credits.
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