How do managerial accounting practices benefit business organizations? Nowadays‚ managerial accounting practice is practiced by many successful producers in Japan‚ Korea‚ China and others. Therefore‚ they are able to use their resources effectively and efficiently. Companies practicing managerial accounting are also able to maintain the quality of their products yet still offering reasonable price for their products. Managerial accounting differs from traditional financial accounting practice in
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Assignment 3 Question 1 Question 2 Question 3 a) It would be beneficial for the company as a whole if logs were transferred to the Sawing Division at the suggested price of $61.50 per log. CM from selling externally = $75 - $40.50 - $9.50 = $25/unit $25 x 10‚000 units = $250‚000 CM from selling to Sawing division = $122-Trasnfer costs from Harvesting-Production costs = $122-40.50-9.50-35-4.5-2.5 = $30/unit $30 x 10‚000 units = $300‚000 $300‚000 - $250‚000 = $50‚000 The CM is greater
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After split-off $12‚000 $280 $12‚280 Joint costs $100‚000 a. Calculate the cost of the syrup if the sugar is considered a by-product and the gross margin from its sale is considered to be a reduction of syrup costs. Products Sales Value Costs beyond split-off Difference Joint costs allocation Syrup $300‚000 12‚000 288‚000 $99‚406 Sugar $2‚000 280 1‚720 $594 $289‚720 Calculation: 288‚000 x 100‚000 = 99‚406 289‚720 1‚720 x 100‚000 = 594 289‚720 Syrup
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woman throwing away her values‚ throwing away her place in the home and throwing away her dignity. Our mothers and grandmothers and the ones before them did not have all the problems we have nowadays. Gone are the days when a woman was a woman. Its a shame today‚ women are becoming girls - who don’t know where they belong anymore. Before‚ nakedness was a taboo. Now its fashion. When I see such immodestly dressed women‚ what crosses my mind is the word "prostitute". It does not matter the position
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What does it mean to be human? There are many characteristics that set humans apart from the rest of the species in the world and many qualities which others do not have. A human is one who belongs to the group of primates‚ has great mental development with emotions‚ and interacts with their society. Some of the main things that distinguish humans from other species is their body form‚ spiritualism and their use of tools. To be human‚ one must have similar bodies and physical form to those of
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Accounting Principles The general rules and concepts that govern the Accounting filed are referred to as the Principles of Accounting. The Financial Accounting Standards Board (FASB) using the groundwork of principles and guidelines has formulated these rules. They lay the foundation for sound and ethical accounting practices. The GAAP (Generally accepted accounting principles or "GAAP") consists of three important sets of rules: • The underlying accounting principles • The rules and standards
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What does it mean to be human? What makes who we are? What drives us? Could it be the desire of becoming better‚ faster‚ and stronger‚ perhaps? All throughout history‚ humans have been known to have advanced in their respective eras through planning and their own advancements in technology. Technology is one of the many things that people in the 21st century debate about‚ whether it’s good or bad‚ or even neutral. Why do so many disagree with the idea of becoming better through the advances in technology
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current accounting practice‚ intangible assets are classified as 2. Question :(TCO C) Which of the following intangible assets should not be amortized? 3. Question :(TCO C) The intangible asset goodwill may be 4. Question :(TCO C) ELO Corporation purchased a patent for $90‚000 on September 1‚ 2008. It had a useful life of ten years. On January 1‚ 2010‚ ELO spent $22‚000 to successfully defend the patent in a lawsuit. ELO feels that as of that date‚ the remaining useful life is five years. What amount
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SLOVENSKA USING OF THE ECONOMIC VALUE ADDED MODEL FOR VALUATION OF A COMPANY Doc. Ing. Eva Kislingerová‚ CSc. Prague University of Economics Introduction There is possibility to use‚ with respect to the object of valuation‚ several methods for valuation of a company in practice. One of the most important and highly used group of methods are yield methods. They are usually called Discounted Cash Flows (DCF) methods. Value of a company is derived from present value of future incomes connected with
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What Does it Mean to Be Free? “O’er the land of the free and the home of the brave!" When Francis Scott Key wrote these closing lyrics to our national anthem in 1814‚ he clearly understood what it meant to be free. But do we know what freedom really means? Webster’s dictionary defines freedom as a state in which somebody is able to act and live as he or she chooses‚ without being subject to any undue restraints or restrictions. When the founding fathers wrote the Declaration of Independence
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