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Question - ABC Company LTD manufacture product X, the following are the expenses incurred in manufacturing product X on 31-12-2020.
1. Direct material 20,000
2. Direct pages 15,000
3. Factory rent 7,000
4. Oil used 1,000
5. Lighting in factory 500
6. Salary of clerical staff 1,500
7. Office rent 1,000
8. Computer expense 500
9. Selling agent 1,000
10. Advertisement 500
Required - Calculate the total cost of product X and profit in the product is sold at RM53,000.
presented below are selected ledger accounts of mcgraw corporation as of december 31 2012. cash 50000 administrative
Leslie has stayed late in the office because tomorrow she has back-to-back meetings. What ratios would each of the following groups be most interested in
Calculate the retained earnings balance in the adjusted trial balance. Net income for the period was $8,000, dividends declared were $2,000
What the characteristic of the partnership form of business that can possibly hinder long term planning for the business is the? Voluntary association
You bought a share of 4 percent preferred stock for $95.53 last year. The market price for your stock is now $96.75. What was your total return for last year
You will note that the Accounting Equation comprises 3 "categories," each of which can be broken down further into accounts. For each of the three main categories of the Accounting Equation, list 5 or more accounts with actual amounts that would ..
Discuss the differences between GAAP and IFRS: What are implications of the differences in financial reporting? What are two advantages and two issues with each?
Assume that Toni Braxton Company has recently fallen into financial difficulties. By reviewing all available evidence on December 31, 2010, one of Toni Braxton's creditors, the National American Bank, determined that Toni Braxton would pay back only ..
The company pays for 40% of its purchases in the month of purchase and 60% in the month following purchase. What would be the budgeted cash disbursements for purchases of inventory in December?
Dianne Company signed a ten-year lease agreement on January 1, 2014. The lease requires pay- ments of $5,000 per year every December 31. Dianne estimates that the leased property has a life of 12 years. The interest rate that applies to the lease ..
During the current year, merchandise is sold for $200,000 cash and for $950,000 on account. The cost of the merchandise sold is $805,000.
Discuss two major trends that are currently affecting the practice of human resource management. Provide examples of how a company's HRM practices might be affected by each trend.
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