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You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The CEO is not convinced that a managing accountant position is needed. Prepare a 1-2 page memo for the CEO on the following:
Explain the objectives and characteristics of an internal accounting system.
Include an explanation of the importance of this information to the company.
Include an explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.
Determine the annual (1) net income and (2) net annual cash flows for the commuter service. Compute (1) the cash payback period and (2) the annual rate of return.
It is sometimes said that in debt service funds, the accounting for interest revenue is inconsistent with that for interest expenditure. Explain. What is the rationale for this seeming inconsistency?
Prepare the journal entries to record the transaction on the books of Berry Corporation at December 31, 2011. (Assume that the effective interest method is used. Use the interest tables below and round to the nearest dollar.)
Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is
Briefly describe when the petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on December 31? Explain.
Explain why these states are attracted to the unitary theory and a combined reporting scheme of multistate income taxation.
Which of the following is true regarding the contribution margin ratio of a single product company?
Identify which cost item above is fixed and variable and why. What is the cost per unit of each? Suppose we increased our sales volume to 6000 units and then to 8000 units the following year (and are still within the relevant range), what would be..
Which of the following would most likely use a job order costing system? ... most likely use a job order costing system?
journalize the following entries on the books of the borrower and creditor. assume a 360-day year is used for interest
homework extra credit prince publishing company sell trade books to all major retailers amp wholesalers booksellers
Calculate the ratios for 2014 as Gross Profit Margin B. Profit Margin, Return on Assets and Current Ratio - calculate the effect of each of the adjustments on the profit figure of $63,500 as shown in Michael's draft accounts.
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