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On July 1, 2012, Herzog Mining lends cash and accepts a $9,000 note receivable that offers 10% interest and is due in nine months. How would Herzog record the transaction on April 1, 2013, when the borrower pays Herzog the correct amount owed?
What is your overall appraisal of the company's cost system and its use in reports to management List the strengths and weaknesses of this system and its related reports for the purposes management uses the system's output.
Kerry is an employee of the university. She is provided with 10 giftvouchers worth $50 each for use at the local supermarket as a Christmasgift. Advise Kerry and the University of the Tax Consequences of thistransaction.
What is Cost of raw material issued to WIP, Cost of Goods Manufactured, Cost of Goods Sold and Net Income
Describe four potential problems with a traditional overhead allocation system and describe the differences between unit-related, batch-related, and product-sustaining activities. Give one example of each type of activity.
What qualitative matters should be taken in considerations with requirement c and d? Describe. Would you change the decision taken on c and d? Clarify.
advertising activities can be related to products by using activity-based costing. Would allocating these activities to products for financial statement reporting be acceptable according to GAAP?
Evaluate the average cost per unit for every plant and why would manager of plant A be unhappy with using average cost as the performance measure?
Find what is the net present value of this investment and evaluate the internal rate of return?
List and explain three ways a firm can determine long-run prices - explain when each method would be most suitable and the strengths and weaknesses of each method.
Prepare the 2009 financial statements for The Walt Disney Company on the Internet.
Looker Hats is planning to sell 600, and produce felt hats 700 during June. Each hat requires 1/2 yard of felt and 1/4 hour of direct labor. Felt costs $3.00 per yard and employees of the company are paid $20 per hour. Find How much direct labor s..
How much profit or loss, if any, does Shawna realize on the transfer? Does Shawna recognize any profit or loss? If so, how much? What is Shawna's basis in her LLC interest?
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