Results in one extreme observation

Assignment Help Financial Accounting
Reference no: EM131203328

A plot of data that results in one extreme observation MOST likely indicates that: more than one cost pool should be used an unusual event such as a plant shutdown occurred during that month the cost-allocation base has been incorrectly identified individual cost items do not have the same cost driver

Reference no: EM131203328

Questions Cloud

The proper journal entry to record : Baker Corporation has 500,000 shares of common stock outstanding. On May 10, the board of directors declared a $0.60 per share cash dividend, to be paid to stockholders of record on May 25. The dividend was distributed on June 6. The proper journal e..
Stamp service revenue and provides for cost of redemptions : Flipper Trading Stamp Co. records stamp service revenue and provides for the cost of redemptions in the year stamps are sold to licensees. Flipper's past experience indicates that only 80% of the stamps sold to licensees will be redeemed. Flipper's l..
Television debate about a national health care plan : Burt is the custodian at Quaker Inn, an S corporation that has paid him bonuses over the years in the form of shares in the corporation. Burt now holds 276 shares in Quaker Inn. While listening to a television debate about a national health care plan..
Computed on weighted-average time to maturity : Floppy Corp. factored $600,000 of accounts receivable to Floozy Corp. on October 1, 2015. Control was surrendered by Floppy. Floozy accepted the receivables subject to recourse for non payment. Floozy assessed a fee of 3% and retains a holdback equal..
Results in one extreme observation : A plot of data that results in one extreme observation MOST likely indicates that: more than one cost pool should be used an unusual event such as a plant shutdown occurred during that month the cost-allocation base has been incorrectly identified in..
Analyze the independent cases of employee fraud : Analyze the following independent cases of employee fraud, recommend how to prevent similar problems in the future. During an unannounced audit, auditors discovered a payroll fraud when they distributed paychecks instead of department supervisors. Wh..
Make hugh indifferent between investing in the two bonds : Hugh has the choice between investing in a City of Heflin bond at 6.30 percent or a Surething bond at 10.25 percent. Assume that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate. What interest rate does..
What is the divisions residual income if the asset is leased : Ocean Division currently earns $830,000 and has divisional assets of $4.4 million. The division manager is considering the acquisition of a new asset that will add to profit. The investment has a cost of $680,000 and will have a yearly cash flow of $..
Computed on straight-line basis with no salvage value : A division is considering the acquisition of a new asset that will cost $735,000 and have a cash flow of $283,000 per year for each of the four years of its life. Depreciation is computed on a straight-line basis with no salvage value. Ignore taxes. ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the value of an american put option

Q1.  Use DerivaGem to calculate the value of an American put option on a non-dividend-paying stock when the stock price is USD 30, the strike price is USD 32, the risk-free rate is 5%, the volatility is 30% and the time to maturity is 1.5 years. (..

  Qwrite a paper of no more than 700 words addressing the

qwrite a paper of no more than 700 words addressing the subsequent questions what strategies did the management of

  Find the income statement and balance sheet

which of them belong on the Income statement and which on the Balance sheet?

  At a management meeting you suggested that the production

at a management meeting you suggested that the production department should transfer goods produced at a value above

  How much insurance expense will be recorded for accounting

How much insurance expense will be recorded for the accounting periods ending December 31, 2007, and December 31, 2008, if the company uses the accrual basis of accounting?

  Compute the percentage changes in two consecutive years

Hall Corporation reported the following operating results for two consecutive years. Compute the percentage changes in Hall Corporation’s income statement components between the two years.

  Porter corporations capital structure consists of 50000

porter corporations capital structure consists of 50000 shares of common stock. at december 31 2010 an analysis of the

  Determine the account balance on february 1

During February, $186,500 was paid to creditors on account, and purchases on account were $201,400.-determine the account balance on February 1.

  Equivalent units for conversion costs

Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 13,600 units in its beginning work in process inventory that were 90% complete with respect to conversion costs.

  Why would reclassifying period costs and product costs

Why would reclassifying period costs and product costs increase this period's reporting earnings and do you believe Smith's actions are ethical?

  Which type is generally viewed as more reliable

Auditing standards require the confirmation of accounts receivable in normal circumstances. What are the three exceptions to this requirement? Or describe the differences between positive and negative confirmations. Which type is generally viewe..

  Presently an accepted inventory method for tax purposes

The LIFO inventory method is presently an accepted inventory method for tax purposes. This method, during inflation, results in a lower ending inventory value than the other inventory methods. Accordingly, this method reduces present taxable income a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd