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Problem - Push It Corporation produces push-button switches used in the manufacture of electric fans. For the year 2019, the sales of electric fans have been forecasted at 800.000 units. Each unit of electric fans requires 4 pieces of push-button switches. Push It regularly supplies 60% of the push-button switches used in the production of new electric fans. In addition, a replacement parts market also exists. Over the past 5 years, the sales of the replacement push-button switches have increased per year by 20% of the preceding year's sales. In 2018, Push It sold 150,000 pieces of push-button switches for P10 per piece in both markets. What is the budgeted sales revenue based on the expected number of pieces of push-button switches to be sold in 2019?
Explain the concept of depreciation. Which of following depreciation methods would you recommend: straight-line depreciation, double declining balance method
Problem based on International Accounting Standards Board. In April 2004, FASB and the IASB created a joint project on financial statement presentation.
Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.70 per hour. Compute the fixed factory overhead volume variance
Some individuals argue that Sarbanes-Oxley is ineffective. Do you agree with this statement or do you think SOX is effective and was necessary
a company must decide between scrapping or reworking units that do not pass inspection. the co. has 15000 defective
If the preliminary assessment of control risk indicates that the risk may be below the maximum level, How is this testing of controls carried out in an audit
1.jerry rees invested 8000 at 5 annual interest and left the money invested without withdrawing any of the interest for
ACC 693: Check Review Assignment - What is the check number? What is the ABA# on this check? (Hint: ABA# is the middle set in this check.)
Describe the purpose of General Purpose Financial reports as set out in the Accounting Standard AASB 101 Presentation of Financial Statements
Sanchez, Inc. has an income tax rate of 40%. Its reported net income for 2010 was $88,000, Calculate basic and diluted earnings per share for Sanchez
an employee earns 5500 per month working for an employer. the fica tax rate for social security is 6.2 and the fica tax
On January 1, 2015, when its $30 par value common stock was selling for $80 per share, Prepare the journal entry to record the original issuance
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