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Recall that the salami technique means using a computer to skim a small amount of money from hundreds or thousands of accounts and then diverting the proceeds for personal gain. Suppose that a computer programmer uses this technique to skim a penny form each customer's account at a small bank. Over the course of 3 months, he takes $200,000 and is never caught. Assuming that this hacker took only one penny per month form each customer, how many accounts did the bank have? If the bank had 100,000 accounts and the hacker stole one penny from each account's interest (which was computed daily), how much could the hacker steal in 3 months?
Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. (Input all amounts as positive values.)
The gain realized on the sale of the assets and the balances in the partners-2019 capital accounts after the distribution of this gain or loss to the capital accounts.
Describe what manufacturing overhead and describe how it is different than direct labor and direct materials - give at least 3 examples of typical manufacturing overhead
The company has created an activity-based costing system to evaluate the profitability of its products. PMI's ABC implementation team concluded that $57,000 and $101,000 of the company's advertising expenses could be directly traced to EX300 and T..
Prepare an income statement using the format presented on page 243. Assume a 25% tax rate.
Evaluate the equivalent units of production with respect to direct labor and evaluate the equivalent units of production with respect to direct materials.
Betty DeRose, Inc. uses job order costing. Manufacturing overhead is applied to jobs using a PDR of 140% of direct labor cost
Chang Co. sold a copier costing $7,500 with a two-year parts warranty to a customer on August 16, 2011, for $15,000 cash. Chang uses the perpetual inventory system. On November 22, 2012, the copier requires on-site repairs that are completed the s..
Explain how cost of capital is used in net present value analysis.
the four kinds of accounting changes including error correction arechange in accounting principlechange in accounting
Determine the equivalent units of production for each cost element in the Creation Dep. for the month just ended and evaluate the average cost per equivalent unit for every cost element.
Prepare the cost of goods sold section for Adams Gift Shop. The following amounts are known.
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