CHAPTER 10 CRITICISMS OF ABSORPTION COST SYSTEMS: INCENTIVE TO OVER-PRODUCE P 10-1: Solution to Federal Mixing (10 minutes) [Explaining absorption versus variable costing] Variable costing writes off to income all fixed manufacturing costs incurred during the year. Absorption costing prorates the fixed overheads between units in inventory and units sold based on machine hours. Absorption costing net income is higher than under variable costing by $1.2 million. This means that inventories
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Internal Customers‚ Physician Preference Items‚ and Standardization Physicians are both participants and customers of the health care supply chain.1 While the patient is the ultimate recipient of hospital products‚ the physician‚ or clinician decides which product to use.1 Physicians; because of their strong preferences‚ create up to 61 percent of total supply chain expenditures‚ and drive 80 percent of hospital expenditures.1‚ 2 Physicians possess a lot of power‚ and at times do not align with
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“A Titration Competition” – Lab #8 1. Since all solutions and aqueous solutions have their own pH‚ it is important for all glassware to be clean and dry before performing a titration. Even a slight trace of a different solution could alter the pH and give an inaccurate titration reading. If the glassware is not completely dry after rinsing‚ the small traces of water could make the solution more dilute than it should be thus changing its concentration. 2. Air bubbles in the burette tip is a
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Role of Internal Audit Function Nano Circuits Inc‚ is a publicly traded company that produces electronic control circuits‚ which are used in many products. In an effort to comply with SOX‚ Nano is in the process of establishing an in-house internal audit function‚ which previously had been outsourced. The company began this process by hiring a Director of Internal Audits. Nano Circuits’ CEO recently called a planning meeting to discuss the roles of key corporate participants regarding the implementation
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CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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Proposing a Solution I live outside of a small town of 3‚000 people. The water system of our small town supplies drinking water to a population of 3‚000 to 5‚000. Our water system has been in place for 20 plus years and neglect has been rampant for almost the same period of time. Public water systems are governed by regulations and monitored by the State of Louisiana. The Town of Ferriday has been under state mandated “boil orders” more times that you could count. One of the more recent events
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Solution: i. Establishment of estimated growth rate in earnings and dividends. XYZ Company’s current EPS is $4.75. It was $3.90 a year ago. The company pays out 35% of its earnings as dividends‚ and the stock sells for $45. a. Calculate the past growth rate in earnings. b. Calculate the next expected dividend. Assume that the past growth rate will continue Answer: If payout ratio is constant‚ then dividend growth rate will be same as earnings growth rate. a) dividend growth rate over
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Electrolytic Solutions Solutions are sometimes grouped according to their ability to conduct electricity. Substances whose solutions conduct electricity are called electrolytes and those that do not conduct electricity are called nonelectrolytes. Also electrolytes can be strong or weak. Under strong electrolytes we have NaCl and CaCl2 which are ionic compounds‚ HCI‚ HNO3‚ HBr and H2SO4 are under acids and NaOH‚ KOH‚ and LiOH are under bases. Weak electrolytes are ionic compounds and slightly
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ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
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Test Item File Electronic Devices and Circuit Theory‚ 9e (Boylestad) Chapter 1: Semiconductor Diodes 1) An intrinsic semiconductor is one that is as pure as present-day technology can make it. 2) Electrons are the minority carriers in an n-type material. 3) Holes are the majority carriers in a p-type material. 4) The quantum-Volt (qV) is the unit of measurement for electron energy. 5) A free electron has a higher energy state than any that are bound to their nucleus.
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