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A cost that is incurred because of a long-range policy decision is known as a:
a. discretionary cost.
b. committed cost.
c. continuous cost.
d. standard cost.
The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital.
the passive loss limitation rules impose real limitations on the ability of owners of certain types of ventures to take
calvo co. reports the following information for 2014 sales revenue 350000 cost of goods sold 250000 operating expenses
Compare and contrast the different types of audit risk. Determine the type of risk that you think is the least detrimental and the most detrimental. Defend your answer.
Glen Inc. and Armstrong Co. have an exchange with no commercial substance. The asset given up by Glen Inc. has a book value of $12,000 and a fair market value of $15,000. The asset given up by Armstrong Co. has a book value of $20,000 and a fair m..
Diamond company borrowed $500,00 from a bank on Jan. 1, 2007 in order to expand its mining capabilities. the five-year note required annual payment of $ 130,218 and carried an annual interest rate of 9.5%.
Provide a brief definition of compilation and review performed in accordance with the SSARS. Include the type of assurance provided.
Brimful Corp incurred the following manufacturing costs this period: dirct labor, $912000; direct materials, $782000; and factry overhead, $219000. Compute overhead costs as a percent of (1) dirct labor and (2) dirct materials.
Managing working capital effectively is what keeps good businesses from going bankrupt. So how does management determine the total amount of working capital required?
Prepare an 10-minute presentation and make a recommendation about buying the stock based on the information in the financials and other information which you gather.
Al is a medical doctor who conducts his practice as a sole proprietor. During 2011, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2010.
Why are budgets useful in the planning process? a) They provide management with information about the company's past performance. b) They help communicate goals and provide a basis for evaluation.
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