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Evaluating PerformanceWhen comparing various divisions within a company, describe what problems can arise from evaluating divisions that have different accounting methods, as described in Chapter 11 of your text. Cite three examples of accounting methods that could cause divisions' profits to differ. Your initial post should be 200-250 words. Nonvalue- Added Costs in a Doctor's Office (Exercise 12-12) Dr. Steve Rosenthal has his own medical practice. He specializes in the treatment of diabetics. His staff consists of a receptionist, two nurses, a lab technician, and a dietitian. As patients enter the outer office, they check in with the receptionist. The patient then waits until called by a nurse. When called, the patient moves from the waiting room to the inner offices. The patient must weigh in and is then assigned a room. The nurse assigning the patient to a room gathers all the personal data for updating the medical records, such as insulin dosage, medication, illnesses since last visit, etc. The nurse also takes an initial blood sample for blood sugar testing and performs a blood pressure test. The patient then waits until the doctor comes in. After the doctor's conference, the nurse returns to take more blood samples, depending on what is ordered by the doctor. The patient then waits until the dietitian comes to review eating habits and talk about how to improve meal planning and weight control. The patient returns to the receptionist to pay for the office visit and to schedule the next visit. In your response include the following: 1. Identify the activities in the doctor's office that fall into process time, inspection time, move time, wait time, and storage time. 2. List the activities in the doctor's office that are candidates for nonvalue-added activities. Explain why you classify them as nonvalue-added activities.
Inlcuded in Perry's capital balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000.
during your audit of miles company you prepared the following bank transfer schedule miles company bank transfer
The total unamortized bond discount at the date of conversion was $500,000. What amount should Madison credit to the account "Paid-In Capital in Excess of Par" as a result of this conversion assuming Madison does not want to recognize any gain (or..
"For each of the following expenditures, indicate the type of account (asset or expense) in which the expenditure should be recorded. Explain your answers.
an asset costing 10000 was reclassified from the generalcapital assets accounts of a governmental unit to the
pappy corporation received cash of 13500 on september 1 2010 for one years rent in advance and recorded the transaction
sunshine airways provides air transportation services between philadelphia and orlando. a single philadelphia to
Managerial Accounting
based on predicted production of 10000 units a company anticipates 168000 of fixed costs and 126000 of variable costs.
carlsen company manufactured 6000 units of a component part that is used in its product and incurred the following
problem 3-2a preparing adjusting and subsequent journal entries l.o. c1 a1 p1hormel co. follows the practice of
The records of OceanView Company
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