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Problem 1: The primary accounting tools for planning and controlling costs for a cost center are:
a. cash flow statements and income statements.
b. balance sheets and statements of stockholders' equity.
c. budgets and budget performance reports.
d. income statements and balance sheets.
Problem 2: Which of the following expenses is considered to be an indirect expense to a profit center?
a. An electricity expense
b. legal fee
c. A utility expense
d. A sales salary
What is the equity balance on the 30/06/2019? During 2018/19, there was a share issue of $540,000, dividends declared of $280,000
Find and compute net sales.Dividend Income$7,000 Gain on sale of old equipment$15,000 General Administrative Expenses$300,000
Calculate the partial measures of productivity for the current year and for the two settings. Which of the two settings signals an increase in productivity for both inputs?
According to its definition, capitalism as an economic system is characterized by which of the following mercantilist policies-democratic policies-freedom and competition-religious freedom-selfishness at all costs
20% increase while suffering only a 5% decrease in units sold. Should Blake respond to the increase in cost of goods sold with an increase in price?
Hi Tech Products manufactures three (3) types of CD players. Under an activity-based product costing system, what is the cost per unit of Cheap?
Compute the machines accounting rate of return. A machine costs $500,000 and is expected to yield an after-tax net income of $65,000 each year.
The equivalent units of production for direct materials and conversion costs are 1,500 and 800, respectively. The cost per equivalent unit of production (EUP
Draco Company charges a selling price of $25 per unit, What sales volume is necessary to earn a net income after tax of $36,000, assuming a tax rate of 25%?
Variable manufacturing overhead costs $1,900,000 Fixed manufacturing overhead costs $1,600,000 Manufacturing overhead application base Expected Direct Labour hours
Waterway has sufficient unused capacity to produce the 2700 scales. If the special order is accepted, what will be the effect on net income?
Find the average rate of return on investment, giving effect to depreciation on the investment. Round your answer to two decimal places.
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