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1. To assist in providing new revenues to the federal government, some have proposed a value added tax (VAT) similar to those employed in the United Kingdom and Canada. What are the pros and cons of introducing this kind of national sales tax?
2. Explain the formal federal budget process. In your view, what are some of the major challenges in this process?
3. There has been considerable discussion about the U.S. debt situation. Briefly outline the current situation and responses available to the government.
4. How does the government affect policy making?
Calculate the GDP in Income Approach and Expenditure Approach
Select a "market segment". Research demographic and psychographic information regarding this segment.
Mattresses-A-Million produces Pillow-Top mattresses. They have been using a volume-based costing system to allocate overhead based on direct labor-hours. The Pillow-Top requires two hours of direct labor.
This individual assignment is based on the TerraCycle Inc.
The law firm of Tilton and Henderson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during June:
Complete the schedule to compute the pool rates for the different activities.
Select one acquisition the company has undertaken during recent history and explain details of the deal. About the merger and acquisition activity of the Coca Cola
Write down the strengths and weaknesses of current costing model.
Suppose that the managers of hospital are setting the price on new outpatient service. Here are relevant data estimates:
Vintech Company is planning to produce 1,800 units of product in 2011. Each unit requires 4 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor
The following information relates to activities in the mixing departments for June: Beginning WIP, June 1, 100,000 pounds. Cost in beginning WIP inventory were as follows:
ABC currently employs traditional costing procedures, applying $410,000 of overhead to products X and Y on the basis of direct labor hours. The firm is considering the shift to activity-based costing and creation of individual cost pools that will..
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