Solutions Chap 8 Suggested Exercises 2. Howard Bowen’s cotton farm analysis appears below. a. Accounting profits: Revenues $5‚000‚000 Less: Variable operating costs 4‚500‚000 Less: Depreciation 40‚000 Less: Wages 50‚000 Equals: Operating Income $410‚000 Less: Interest expense 400‚000 Accounting income before tax +$10‚000 b. Economic profits: Revenues $5‚000‚000 Less: Variable operating costs 4‚500‚000 Less: Opportunity
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Analysis: The Firm www.irfanullah.co Graphs‚ charts‚ tables‚ examples‚ and figures are copyright 2012‚ CFA Institute. Reproduced and republished with permission from CFA Institute. All rights reserved. 1 Contents and Introduction 1. Introduction 2. Objectives of the Firm 3. Analysis of Revenue‚ Costs and Profits www.irfanullah.co 2 2. Objectives of the Firm • The objective of the firm should be to maximize shareholder value • This reading assumes that the objective of the firm is to maximize
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year and 4th year‚ researcher chose them to become their respondents. The researcher‚ 1st year Accounting Student made a research about some factors of motivation and distraction that affect the performance of the students. Motivation and effort significantly influence individual performance in college as the review of prior research below indicates‚ few studies have investigated their impact on accounting student. The objective of the study is predicated on the assumption that identification of some
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and/or interfere normal operation of your computer. a virus program is able to replicate itself. This means that the virus multiplies on a computer by making copies of itself. This replication is intentional; it is part of the virus program. In most cases‚ if a file that contains virus is executed or copied onto another computer‚ then that computer will also be "infected" by the same virus. Adware Malware Spam viruses Spyware Computer Worms viruses Trojan viruses local-area networks (LANs) : The
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Introduction The client is a 28-year-old female named Candice James. She has suffered from many traumatic situations as a child and is of a socially disadvantaged portion of the population. She has never been married. Candice has experienced sexual and physical abuse all of her life‚ by men. She suffers from Post-traumatic Stress Syndrome (PTSD). She has no job at the current time and receives social security benefits for her mental diagnosis. She resides in an area that is known for low-income
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present day forensic accounting plays a huge role in many of the court cases publicized by the media. With the spotlight on the profession‚ this is a good opportunity to discuss the following topics: 1) Five skills that a forensic accountant needs to possess. 2) The role of a forensic accountant within a courtroom environment. 3) Analyze the legal responsibility a forensic accountant has while providing service to a business. 4) Examine two cases where forensic accountants
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—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
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reviewing the latest financial statements from your accounting department‚ the numbers‚ the terms‚ and the dollar signs converge and you think‚ “What does all this mean?” Or‚ if you understand what you see‚ can you explain it to your non-accounting staff members (or to partners and associates whose talents are not necessarily in finance and accounting)? Understanding – and driving – where the money comes from‚ where it goes and how your firm monitors‚ reports and plans finances is crucial for executive
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The Importance of Accounting Theory to the Field Of Accounting The objective of theory is to explain and predict. One of the basic goals of the theory of a particular discipline is to have a well-defined body of knowledge that has been systematically accumulated‚ organized‚ and verified well enough to provide a frame of reference for future actions. The Webster’s definition of theory is the systematically organized knowledge‚ applicable in a relatively wide variety of circumstances‚ a system
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Managerial Accounting Reality Check Summaries Professor Shin Hee-Lim Shin 1001006 Reality Check – What’s your blog’s ROI? Summary ROI has been always one of the important factors to determine how profitable the business is doing. However‚ for until last few decades‚ ROI was only implementing to evaluate the hard assets like buildings and equipment. But in nowadays‚ many companies are using ROI to evaluate the investment in technology‚ such as blog. As a following example‚ it shows that
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