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An accountant for Southern Manufacturing Companies (SMC) computed the following information by making comparisons between SMC's 2013 and 2014 balance sheets. Further information was determined by examining the company's 2014 income statement.
1. The amount of cash dividends paid to the stockholders. 2. The amount of a decrease in the balance of an Unearned Revenue account.3. The amount of an increase in the balance of an inventory account.4. The amount of an increase in the balance of a Land account.5. The amount of a decrease in the balance of a Prepaid Rent account.6. The amount of an increase in the balance of a Treasury Stock account.7. The amount of an increase in the balance of the Accounts Receivable account.8. The amount of a loss arising from the sale of land.9. The amount of an increase in the balance of the other Operating Expenses Payable account.10. The amount of a decrease in the balance of the Bonds Payable account.11. The amount of depreciation expense shown on the income statement.Required:
For each item described above indicate whether the amount should be added to or subtracted from the amount of net income when determining the amount of net cash flow from operating activities. If an item does not affect net cash flow from operating activities, identify it as being not affected.
Describe 'avoidable' costs. What amount of the YYY production costs is avoidable and should Tamworth Truck outsource YYY? Why or why not?
What relevant costs might you consider in deciding whether to accept the order at reduced selling price? What costs would you not consider when making your decision? Why are these costs not relevant?
Compute trend percents for the following accounts, using 2011 as the base year (round the percents to whole numbers).
the importance of cash flow informationfor many years up through the mid-1970s there existed a nation-wide chain of
Marathon Running Shop has two service departments (advertising and administration) and two operating departments (shoes and clothing).
What is the cash inflow related to the sale offurniture?
Terracotta, Inc., provides you with the following data for their single product:
What kind of system makes sense for your company, given that you plan to start with only one version of your product but at some point in the future may offer a variety of options?
please see attached project
question 1 be able to describe comprehend and apply the process of theory development.theories should be evaluated
Describe the differences between unit-related, batch-related, and product-sustaining activities. Give one example of each type of activity and describe the difference between transaction drivers and duration drivers. When would one type be preferre..
Calculate ABC-based services costs for the TFC business and calculate the distribution services costs for "Customer A" and "Customer B." What inference do you draw about the profitability of these two customers?
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