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Question 1: Explain the difference between public accounting and managerial accounting. Provide a hypothetical example of an income statement for public reporting. Provide a hypothetical example of managerial accounting income statement in process costing format. Explain your examples in detail.
Question 2: Explain operating cost classifications in managerial accounting, namely, manufacturing vs. selling/admin, variable vs. fixed, direct vs. indirect, and variable overhead vs. fixed overhead. Include examples for all.
Question 3: Explain the predetermined variable overhead criterion and include an example.
Assume that Elisha and Ezra share equally in partnership liabilities. How much is Elisha's basis in the partnership interest on December 31
Nona has an AGI of$38,000, 2 qualifying children, and is filing as head of household. What amount of earned income credit is she entitled to
The expenses of liquidating the business (advertising, rent, travel, etc) are estimated at P10,000. How much cash can be distributed safely to each partner
SAVINGS ACCOUNTS Emily deposited $2000 into a bank account 5 yr ago. The bank paid interest at the rate of 8%/year compounded weekly.
A firm is considering an investment that will earn a 6% rate of return. If it were to borrow the money, it would have to pay 8% interest on the loan.
Compute the mean, median, and standard deviation for the three variables revenues, profits, and number of employees
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Compute the manufacturing overhead rate for the year
Explain two ways organisations can use corporate disclosure policy to maintain or regain organisational legitimacy? What is a social contract
What was the amount of increase or decrease in cash and cash equivalents for the year ended September 28, 2013? For the year ended September 29, 2012
The company has 40,000 machine hours available for production. What sales mix will maximize profits?
The total amount of interest that will be paid over the life of the note, and
Assume that the firm is using projected accrued benefit cost funding. Suppose that a plan amendment was introduced during 2002 granting one year of prior.
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