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1. What are some examples of fixed costs in a service industry?
2. What are some examples variable costs? What are some fixed costs in manufacturing? What are some examples of each? Do the increase and decrease proportionally within the relevant range?
3. What is the margin of safety? How do you calculate the margin of safety ratio?
4. Is variable costing allowed under GAAP?
5. What are the 2 major categories in absorption costing? How does fixed overhead appear on the income statement when variable costing is used?
perry company had no short-term investments prior to year 2011. it had the following transactions involving short-term
describe the various approaches required by current GAAP standards for reporting changes in accounting principles. Discuss how these approaches may be impacted by the adoption of new IFRS standards.
What is the net amount of cash received from the sales made during the period and what are the companys primary products and/or services?
ariane electronics power supply devices in their plant located in malayasia. the pwoer supply supplies are used in
Why would a tax payer think of forming a partnership type of business, as compared to a corporation? What do you think about general partnership, limited partnership, LLC, LLP and family partnership?
on january 1 2011 mclean company makes the two following acquisitions.purchases land having a fair market value of
at december 31 2012 percheron inc. had a deferred tax asset of 30000. at december 31 2013 the deferred tax asset is
Analyze the risks in the systems that your team analyzed. Identify all risks and internal control points by incorporating the controls and risks into the flowcharts.
cash and production budget. p sells a single specialty product imported from denmark. sales for the six months ended
why are sales revenue and gross margin so important? how do they influence the probability and value of the
aragon company manufactures a product and sells it for 120 per unit. the total fixed costs of manufacturing and selling
In 2010, Jonas built 10 miles of roads at a cost of $8,400 per mile. After the roads were completed, Jonas logged and sold 3,500 trees containing 880,000 board feet. (a) Determine the cost of timber sold related to depletion for 2010.
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