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• Recognize and define the accounting equation, classify accounts as Assets, Liability, or Equity, and evaluate, record and post common business transactions. • Assess the internal controls of a business and make recommendations for improvements.• Review the accounting for typical current assets of an enterprise. • Examine contemporary issues related to personal honesty and integrity in recording, protecting and reporting accounting information. • Review the principles of accounting for current assets such as cash, accounts receivable and inventory.
Laquesha Enterprises. sells its only product for $9 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. Calculate the contribution margin per unit a..
The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
You manage an investment center (evaluated based on the return on investment). Your production manager brings you a potential deal, a large piece of equipment that can help the company save money.
Analyze the punishment or consequence that was given to the CPA and determine whether you are in agreement the punishment fit the violation.
If the manager of the Eastern Division is evaluated on return on investment alone, will the manager invest in the new project? Explain.
Prepare the stockholders' equity section of the Barnes Communications, Inc., balance sheet at December 31.
Which method is approved by GAAP? Why? What are the positives and negatives of each? Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not? What transactions might fall under a dual me..
The note requires annual payments of $15,208, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $4,400 and principal repayment of $10,808. The journal entry Hawthorne would record to mak..
Providing language and cultural training for employees is big business. If you were going to write a class on how language affects intercultural business communications, what would your lesson plan look like?
On January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. Prepare the journal entry at the date of the bond purchase.
Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
A legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company is called
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