Estimated cash sales: | | October ($1248‚961 × 58%) | 724‚397.38 | September ($1‚300‚000 × 40%) | 520‚000.00 | Total estimated cash sales | $1‚306‚397.38 | Payments: | | Estimated cash payments: | | Direct Material (75‚467 ×$4) | 301‚868.00 | Direct Labor (22‚489 × $14) | 314‚846.00 | Variable indirect cost (22‚489 × $3) | 67‚467.00 | Fixed indirect cost ($199‚769 – $90‚000) | 109‚769.00 | Selling & Administration costs | 300‚000.00 | Dividends | 130‚000.00 | Total
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Chapter 1: The Accounting Environment – What is Accounting and Why is it Done? Accounting is a system for gathering data about an entity’s economic activity‚ processing and organizing the data and in turn‚ communicating that information to people who want to use it to make decisions. Data are unprocessed facts about an entity’s economic activity that is entered into an accounting system whereas information results from organizing and presenting the data in ways that make it useful for decision
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Good evening class. Welcome to our version of Acco 400. Our assigned topic is chapter 4 – efficient market securities. We will be asking questions throughout our presentation and we have prepared a small pop quiz at the end to help get you some participation marks. And I’ll start by introducing our group to the class. My name is Kristina this is Chris‚ Yuanhao‚ Johnathan and Victoria. Here’s a Brief overview of what we will be talking about…. Now let’s begin the lecture…..chris the floor
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The Accounting Process (Textbook Libby et al. Chapters 1 and 2). Objectives: When you have successfully completed this lesson‚ you will be able to... Define accounting and explain its purpose Define business and identify the different types of businesses Explain the accounting equation: Assets = Liabilities + Owner’s Equity Visualize the start of a business‚ create accounting transactions for it‚ and prepare simple financial statements Reading Assignment Please read chapters 1 and
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Services Marketing 7e‚ Global Edition Chapter 1: New Perspectives On Marketing in the Service Economy Slide © 2010 by Lovelock & Wirtz Services Marketing 7/e Chapter 1 – Page 1 Overview of Chapter 1 Why Study Services? What are Services? Marketing Challenges Posed by Services Extended Marketing Mix Required for Services Integration of Marketing with Other Management Functions Developing Effective Service Marketing Strategies Slide © 2010 by Lovelock & Wirtz Services Marketing
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Chapter 13: 1) E13-14 (5 points); 2) E13-16 (5 points); 3) E13-18 (5 points); 4) E13-19 (1 point); 5) P13-23A (8 points); 6) P13-25A (8 points); 7) P13-33A parts a‚ b and c only (8 points); 8) P13-39B (8 points); 9) P13-42B (7 points) Solutions: E13-14 (5 points): (a) The cash payback period is: $48‚000 ÷ $8‚000 = 6 years The net present value is: | | Time Period | | CashFlows | × | 9% DiscountFactor | = | PresentValue | Present value of net annual cash flows |
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Chapter 4 Legal Liability for auditors 4-1. Understand litigious environment‚ which CPAs practice According to Google dictionary‚ litigious environment means a controversial environment. Where a simple mishaps can end up in a heavy lawsuit. Under common law‚ audit professionals have the responsibility to their client to fulfill their agreed on contracts. However‚ if one audit fails to fulfill their contract‚ not only they have to take responsibility to their clients but in some circumstances
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Mowing There was never a sound beside the wood but one‚ A And that was my long scythe whispering to the ground. B What was it it whispered? I knew not well myself; C Perhaps it was something about the heat of the sun‚ A extra syllable Something‚ perhaps‚ about the lack of sound— B And that was why it whispered and did not speak. D extra s. / emphasis It was no dream of the gift of idle hours‚ E emphasis Or easy gold at the hand of fay or elf: C emphasis Anything more
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Chapter 4 Process Costing Chapter 4 Process Costing Solutions to Questions 4-1 A process costing system should be used in situations where a homogeneous product is produced on a continuous basis. 4-2 Job-order and processing costing are similar in the following ways: 1. Job-order costing and process costing have the same basic purposes—to assign materials‚ labor‚ and overhead cost to products and to provide a mechanism for computing unit product costs. 2. Both systems use the same basic
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Chapter 04 Analyzing Investing Activities Multiple Choice Questions 1. Which of the following would rarely be classified as a current asset? A. Prepaid insurance B. Goodwill C. Marketable Securities D. Work-in-progress 2. Which of the following would not be classified as a current asset? A. Inventory B. Accounts payable C. Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is
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