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Question 1: Which format is more useful single step income statement or multistep income statement? explain Usually assets are reported at historical cost. But does knowledge of its market value ever useful? Discuss
Question 2: When a company pays to buy equipment immediately is recorded as an asset but the payment for salaries or any other expense is classified under the expenses, In both cases the company pays cash but in the first case an asset is recorded and an expense is recorded in the second case. Why? Explain the difference between assets and expenses.
Total fixed expenses are $35,000 per month, and the company is selling 1,600 drones per month. Should the higher-quality components be used?
Discuss the rights of the parties (Sarah, Michael, Paul and Caleb). Identify and explain the legal principles and rules applicable. Indicate in your answer
What is Carla Vista's monthly breakeven point in units? In dollars?(Use your answer of breakeven units to calculate the breakeven point in dollars)
How many ounces were started and completed during the period? Rocky Springs Beverage Company consists of two departments
Calculate the equivalent units and assign the January costs to units completed (and transferred out) and to units in ending work in process
What type of industry is likely to use a job order cost system? Give some examples and what type of industry is likely to use a process cost system?
In producing 2000 units, Marigold used 3650 hours of labor at a total cost of $44530. Compute the Marigold's total labor variance
milo company manufactures beach umbrellas. the company is preparing detailed budgets for the third quarter and has
What is the company's earnings per share for Year 2? B. What is the company's price-earnings ratio for Year 2
Which is not a likely consequence of improved product quality? Reduced total manufacturing costs./ Decreased warranty repair costs
Ocean Waverunners plans to manufacture 20,000 units, 24,000 units, and 30,000 units, respectively, in October, November, and December. Make a direct-material buys budget for October in parts and dollars.
At the end of Year 1 were $1,396,000. Sales amounted to $1,360,000 in Year 2. The company's total asset turnover for Year 2 is closest to
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