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Mirna Gaymar, VP of operations for Rocky Mountain County Bank, has instructed the bank's computer programmer to use a 365-day year to evaluate interest on depository accounts (payables). Mirna also instructed the programmer to use a 360-day year to evaluate interest on loans (receivables). -Show whether Mirna is behaving in a professional manner. -Does this really make a difference? -Find what would you do if you Mirna? -What could you do if you were Mirna's supervisor?
What will you tell your boss? Should he recommend to the board of directors that Diversified put in a bid for Heavy-Duty Tractors?
Present arguments in favor of cost allocation Does cost allocation provide relevant information? Would a current-value approach to computation of fixed assets be preferable? Why?
Evaluate the product factory overhead costs, using (a) the direct labor hours plant-wide factory overhead rate and (b) the machine hour plant-wide factory overhead rate.
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Calculation of Cash and Cash equivalents with given information - What amount should be shown in Tulips December 31, 2009, balance sheet as "Cash and cash equivalents"?
Describe the technique the company is using that can constitute a financial shenanigan. Indicate both the technique used and how auditor should react.
Multiple choice question based on cash flow statement - Cash flows from financing activities for 2008 total
Inc. earns $450,000 and pays cash dividends of $150,000 during 2013. Cox Corporation owns 70,000 of the 210,000 outstanding shares of Mission.
Determine the operating income for the Olive Oil Div'n using a transfer price of $4.
The Knott Division's evaluated sales and standard cost data for the fiscal year ending Sept. 30 are as given:
Purpose a Master (Static) Budgeted Income Statement using variable costing
Determine the pension liability/asset to be recorded and determine the 2012 amortization of the net gain.
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