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Question 1: Explain the principle of the accounting entity concept.
Question 2: Explain the key aspects of the reliability principle for accounting purposes
Question 3: What is the Going Concern Principle?
Question 4: What is meant by "financial probity"? What would this require from a business?
Question 5: List the 2 categories of Fringe Benefits and explain how these differ:
Question 6: What is payroll tax? What are the provisions and requirements for payroll tax?
Question 7: What is Wine Equalisation Tax (WET)? How is this calculated and claimed by a business?
Fixed production costs (other than $3,000 of depreciation expense) are expected to increase by 2 percent. Fixed production costs requiring payment are paid in the quarter they are incurred.
Prepare a well labeled and organized Purchases Budget for the month of January 2015. SHOW & LABEL ALL SUPPORTING CALCULATIONS
Determine the standard direct labor cost per brake repair. If brake repair took 5.60 hours at the standard hourly rate, what was direct labor quantity variance
If Eunice is paid a certain amount per hour and overtime is paid at time and a half, when Eunice works overtime, he will receive the full payment that includes the overtime worked. From this, explain why overtime premiums are treated as direct l..
Assume the December 31, 2014, inventory is estimated to be 38,400 pairs of socks. Do a schedule of planned sales and production for the first two quarters
Analyze whether to invest in purchase of the supercomputer, the software development manager had considered the currently, the company is paying an average of $40,000 per year to temporary workers to develop the software.
Prepare a production budget for each of the months July through October.
What is the optimal product mix - How much profit must Argosy produce to achieve a 12% return?
The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the final projected cash balance at the end of September.
ratios are used for many purposes performance measurement is one such application. however not all performance measures
What would you expect to happen to the costs of cakes - The owner of the company has provided the following data concerning the activity rates in its activity-based costing system
Your firm wants to move from a relational database model to the REA data model. Explain to your senior management the risks and rewards of such of a move. Be sure to provide specific examples to support your response.
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