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1. Explain the effect of undercosting or overcosting on profitability.
2. Explain ratio analysis and their purpose. Do you think that all of the ratio analysis is necessary, if not, please explain.
3. Describe the factors involved in communicating useful financial information. Do you think that most US public companies give full disclosure? Give some reasons why or why not.
Oasimi Company, which has only one product, has provided following data concerning its most recent month of operations: Find out the unit product cost for the month under variable costing?
Karen's Cookie Company is considering replacing its giant cookie mixer with the new one. The following data has been compiled to measure the function:
Explain these objections to the accountant's convention cost-volume-profit model
A master budget is the compilation of forecasts for coming year or operating cycle made of many departments or function in an organization. What is the most significant forecast made in the master budget? Mention the reasons for your answer.
Write down the difference between the budget and Comprehensive Annual Financial Report (CAFR)? Describe and provide examples.
Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units.
Online financial databases, like Lexis/Nexis and the Dow Jones News Retrieval Service, give data on thousands of companies. Assume you want to compare some companies' recent earnings histories. You may have the computer compare companies' returns ..
Make a flexible budget for following levels of production: 18,000 units, 20,000 units, and 22,000 units. Find out the flexible budget formula for the year ended December 31?
The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch comprises of 20,000 gallons of talphazine, costing $11,000.
Critically describe whether Return on investment or Residual income should be used to assess managerial performance.
Mobile Battery features more than the dozen brands of batteries in many sizes. Two of the brands are PowerPlus and SuperPower. The following information about two brands was obtained. Selling prices comprise installation costs. Each battery costs ..
Make a cash budget for Sharpe covering the first seven months of 2004. Sharpe has $200,000 in notes payable due in July that must be repaid or renegotiated for an extension. Will the firm have ample cash to repay the notes?
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