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The benefits of comparing actual performance of the operations against planned goals include all of the following except:
1) providing prompt feedback to employees about their performance relative to the goal
2) determining how managers are performing against prior years' actual operating results
3) preventing unplanned expenditures
4) helping to establish spending priorities
If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?
Discuss main objectives of non- profit-making organisations
Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:
At December 31, 2009, M's unadjusted balance of liability for compensated absences was $30,000. M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, ..
Discuss the potential risks of adopting lean production. Does its application depend on company culture and business condition?
Robins Inc. changed from the LIFO method of inventory pricing to the FIFO method. Explain how this change in accounting principle should be treated in the company's financial statements.
The Ambrosia Corporation's lead accountant shows the following information.
Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.
It is the end of the accounting period, and your boss asks you to help determine the inventory balance to place in the company's balance sheet. Explain which physical quantities of inventory that you will include, and which you will exclude.
The company requires a minimum pretax return of 13% on all investment projects. The net present value of the proposed project is closest to:
A company manufactures a single product. During year 2012, a total of 20,000 units of this product were produced and 15,000 units were sold. The sales price was $20.00 per unit.
The risk-free holding period return for the next six month is 4 percent, which corresponds to an 8 percent annual rate.
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