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You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant.
• Describe for the students the primary objectives of accounting.
• Explain the basic terminology of the accounting process or financial reporting.
• Explain how accounting can affect your personal life emphasizing professional ethics.
• Explain the role that technology has played in small business accounting.
The following costs were incurred in August: Direct materials $37,000 Direct labor 14,000 Manufacturing overhead 38,000 Selling expenses 10,000 Administrative expenses 28,000 Conversion costs during the month totaled:
How would you paraphrase the definition of equilibrium price?
Determine the EOQ before and after the change in the cash discount policy. Translate this into average inventory (in units and dollars) before and after the change in the cash discount policy.
A company processes a chemical, dx-1, through pressure treatment. The process has two outputs, A and B. The January costs to process dx-1 are $50,000 for materials and $100,000 for conversion costs. The outputs sell for a total of $250,000.
Determine the stakeholders impacted by audit reports. Analyze the impact of audit reports for each category of stakeholders.
Prepare the manufacturing staffs calculations, In the fIrst set of calculations, the staff used a discount rate of 20 percent, a fIve-year time horizon, and ignored taxes and terminal value. What is the relative attractiveness of these three alternat..
At the beginning of the year, Downtown Athletic had an inventory of $200,000. During the year, the company purchased goods costing $800,000. If Downtown Athletic reported ending inventory of $300,000 and sales of $1,050,000, their cost of goods so..
How would you predict that the short-run equilibrium that you have identified in question 1 will change? Illustrate your answer using appropriate diagrams. What will be the long-run equilibrium number of fishing rod manufacturers?
If the company decides to use 40% debt what is the new cost of equity? Note, the company's marginal tax rate is 35%. (Hint: calculate the levered beta and then re-calculate the cost of equity with that.)
Which of the following is NOT a legal restriction related to profit distributions by a corporation?
Compute the employer's FICA taxes for the pay period ending December 18. OASDI taxes HI Taxes, OASDI taxable earnings $ HI taxable earnings $ , OASDI taxes $ HI taxes $
What is the difference between accural-basis accounting and cash-basis accounting? Why would politicians prefer the cash basis over the accrual basis?
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