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Large organisation that are of a service nature such as banks and hospitals used to be noted for their lack of standard costing systems and their relatively unsophisticated budgeting and control systems compared with large manufacturing organisation. But this is changing and many large service organisations are revising their use of management accounting techniques.Required:a) Explain which features of large-scale service organisations encourage the application of Activity Based approaches to the analysis of cost information.b) Explain which features of service organisations may create problems for the application of Activity Based Costing.c) Explain the uses for activity-based cost information in service industries.
The financial crisis of 2008 drew attention to fair-value accounting (FVA), creating a major policy debate involving the US Congress, the European Commission as well as banking and accounting regulators around the world. Critical review the litera..
Give one example of different costs that would be considered relevant and one that would be considered irrelevant in making a future business decision for a company, and justify your choices.
What is an example of a potentially unethical accounting situation? Why is the situation unethical? What is meant by the statement, "You cannot teach ethics"? How do ethics affect the financial results of a company?
explain viral marketing and how it has help many businesses to
For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500..
kligon widgets purchased machinery five years ago for 5million. it can be sold today for 4.1 million. the balance sheet
A machine with a useful life of 10 years and a residual value of $4,000 was purchased for $30,000. What is annual depreciation under the straight-line method?
Supply and Demand. Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decisio..
Eagle Corporation owns stock in Hawk Corporation and has TI of $160,000 for the year before considering the DRD. Hawk Corp. pays Eagle a dividend of $200,000, which was considered in calculating the $160,000. What amount of DRD may Eagle claim if ..
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immediately prior to the process of liquidation partners micconiccum and orwell have capital balances of 70000 20000
If total liabilities decreased by $15,000 and owner's equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?
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