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1. Why is knowledge of cost behavior important for managerial decision making? Give an example to illustrate your answer.
2. What is a driver? Give an example of a cost and its corresponding output measure or driver.
3. Suppose a company finds that shipping cost is $3,560 each month plus $6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.
4. Some firms assign mixed costs to either the fixed or variable cost categories without using any formal methodology to separate them. Explain how this practice can be defended.
pay its current liabilities from cash and cash equivalents
Explain in your own words why separation of duties is often described as the cornerstone of internal control for safeguarding assets. Describe what can happen if the same person has custody of an asset and also accounts for the asset.
Demonstrate their ability to research, critically analyse trends and issues in creating and managing a learning organisation in Australia today.
Discuss the ethics of this practice. If you were the CFO of this company, how might you go about implementing the strategy of not paying bills? (Deliverable length 200 words with the references)
Calculate the NPV of the proposed investment, using the inputs suggested in this case. How sensitivity is this NPV to future sales volume?
Entries for issuing installment note transactions - Journalize the entries to record the transactions
The maintenance department's costs are allocated to other departments based on the number of hours of maintenance use by each department. The maintenance department has fixed costs of $500,000 and variable costs of $30 per hour of maintenance provide..
Identification of the professional accounting, management and/or public relations issues in your workplace. How do you applied knowledge from this degree study in solving your workplace problems, including appropriate analysis and justification.
Dixon Books uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at October 31, 2015.
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Eghan Corporation uses straight-line depreciation.
Prepare the bank reconciliation for company as of April 30 and calculate the amount of over- or under-applied overhead and what is the significance of this over- or under-applied amount of overhead?
An introductory paragraph which explains the purpose of the memo and summarizes the analysis that you have conducted, your findings and your recommendations.
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