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Organizations use a variety of performance measures to evaluate managers. Central to the idea ofresponsibility accounting is that performance measures are reflective of activities under a manager's influence and control. Organizations often identify different levels of responsibility and refer to these levels as segments.
The following performance measures and reports are used to evaluate managers of various segments:
Required:
For each performance measure and report listed below, indicate which segment (cost center, revenue center, profit center, investment center) they would most likely be used to evaluate.a. Return on investment b. Cost budgets c. Labor usage variance d. Sales budget e. Segment margin f. Sales volume variance g. Residual income h. Overall flexible budget variance i. Sales price variance
Determine the present value of the bonds payable, using the present value tables in the above Exhibits. Round to the nearest dollar.
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Assuming the present value of an annuity due of 1 for 6 years at 10 percent is 4.7908 and the present value of an annuity due of 1 for 6 years at 12 percent is 4.6048, what is the lease liability that Stockton should report on the balance sheet at..
Truffles Company purchased merchandise on account from a supplier for $6,500, terms 2/10, net 30. Truffles returned $1,500 of the merchandise and received full credit. Truffles Company paid for the merchandise within the discount period.
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Estimate Martel's uncollectible accounts percentage based on its actual bad debts experience during the past two years. Prepare the adjusting entry on December 31, 2009 for Martel Co.'s bad debt expenses.
Mark does not evaluate the performance of any of the division chiefs and each chief must approve all new division employees. Do you expect Mark to succeed in this endeavour? Why or why not? Provide two solutions.
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Explain why adjusting entries are necessary and describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.
In 2009, Mark has $18000 short-term capital loss, $7000 long term gain, and $6000 long term gain. Which of the statements below is correct?
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