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Answer two of following with factual opinions:
1. How is the purpose of managerial accounting different from the financial accounting?
2. Are more accountants involved in financial or managerial function today?
3. Comment on the employ of functional versus absorption income statement. Explain the differences in presentation and employ of each type of income statement.
4. How is the concept of cost of goods sold different than the contribution margin?
5. Describe the contribution margin concept or computation and when to use the information.
Suppose that your team is going to form the company that will manufacture chocolate chip cookies. The team is responsible for preparing list of all product components and costs necessary to make this product.
Assuming that the amount of rent revenue from Condo 2 is $48,000, what amount of income did it earn? Based on the preceding information, will the company show finished goods inventory
Mistry Company manufactures a line of electric garden tools that are sold in general hardware stores.
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Explain how the budget constraint of househould in two-period model is affected by each of the following changes. In each case, do you think the household is better off or worst off or is the answer ambiguous?
In 2010, the Bayside Chemical Company prepared the following analysis of an investment proposal for a new manufacturing facility: . Do you have any suggestions that might increase the project’s net present value? (No calculations are required.)
Make a budget plan for diet chocolate candy bars. Be sure to comperise all revenue sources and expenses associated with this particular product.
Research the history of procedure costing in the United States. When did it begin to be employed in manufacturing companies? What sort of company would employ a process costing system?
Describe the relationship between the trade deficit and financing of the U.S. budget deficit by foreign countries. Is this the potentially dangerous situation?
Factors which must be taken in account when making decisions regarding price, such as any change in risk involved in cost-volume-profit structure; the link between short- and long-run prices
Question: Analyze the methods of capital investment appraisal , Explain briefly…
Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is high and why? Explain how the supply chain and the macroeconomic environment of the health care business fit in with your calculations?
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