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Write a memorandum to a prospective college student about salary expectations for graduates in business.
What are the three main categories of manufacturing costs the owners must monitor and control? Provide examples of each.
How would management accountants be involved in assisting the board of directors in carrying out their responsibilities? Explain.
During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $120,000, paid in cash.
Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?
In job order cost accounting, which account is debited in recording a raw materials requisition?
Write a memorandum to your friend explaining the purpose of the statement of cash flows.
Write a memorandum to the Wilders evaluating Mountain High's current performance and assessing its future.
Who are the intended users of general-purpose financial statements?
What is the difference between comparative financial statements and common-size comparative statements?
What are four possible standards of comparison used to analyze financial statement ratios? Which of these is generally considered to be the most useful?
What does a relatively high accounts receivable turnover indicate about a company's short-term liquidity?
Which of the following is true for common-size comparative statements?
Which two ratios are key components in measuring a company's operating efficiency? Which ratio summarizes these two components?
Which ratio best measures a company's success in earning net income for its owner(s)?
If a company has net sales of $8,500,000, net income of $945,000, and total asset turnover of 1.8 times, what is its return on total assets?
Why is a company's capital structure, as measured by debt and equity ratios, important to financial statement analysts?
What three factors would influence your evaluation as to whether a company's current ratio is good or bad?
Where on the income statement does a company report an unusual gain not expected to occur more often than once every two years or so?
Use that information for Tipster Corporation to determine the 2010 and 2011 common-size percents for cost of goods sold using net sales as the base.
Identify whether the change in ratio value from 2010 to 2011 is usually regarded as favorable or unfavorable.
State whether the situation as revealed by the trends appears to be favorable or unfavorable for each account.
Express the comparative income statements in common-size percents and assess whether or not this company's situation has improved.
Analyze its year-end short-term liquidity position at the end of 2012, 2011, and 2010 by computing the current ratio and the acid-test ratio.
Compute Nintendo's current ratio, net profit margin, and sales-to-total-assets using the financial information reported .