• Q : Research methods for managerial decisions....
    Accounting Basics :

    "Research Methods for Managerial Decisions" discuss the similarities and differences between "basic" and "applied" research and that applies to the company of choice.

  • Q : Production costs per battery....
    Accounting Basics :

    The Assembly division of Canadian Car Company has offered to purchase 90,000 batteries from the Electrical division for $104 per unit. At a normal volume of 250,000 batteries per year, production co

  • Q : Cost accounting and insurance underwriting....
    Accounting Basics :

    Why might the company use different costing systems, with different overhead rates, for standard and specialized policies?

  • Q : Disposition of asset-capital gain-capital loss....
    Accounting Basics :

    What makes the disposition of an asset a "capital gain" or "capital loss" instead of an ordinary gain or loss? Why do you think the distinction was written into the tax code? Why the distinction bet

  • Q : Compute the gain or loss on fixed asset dispositions....
    Accounting Basics :

    Compute the gain or loss on fixed asset dispositions that KMG Corporation would recognized for the year ending December 31, 2006.

  • Q : Controllable or non-controllable costs....
    Accounting Basics :

    A) As manager of a house appliance store, indicate 2 costs that are controllable and 2 costs that are non-controllable. Next, explain why you would consider them controllable or non-controllable costs

  • Q : Calculate the costs allocated to the production....
    Accounting Basics :

    Calculate the costs allocated to the production departments using each allocation base. Comment on which allocation base is preferrable and why. Explain the calculation.

  • Q : Determine the profit-maximizing price....
    Accounting Basics :

    To determine the profit-maximizing price, a manager must do what? Would it be:

  • Q : Compute the gain or loss from currency fluctuation....
    Accounting Basics :

    A Corporation purchase bicycles from a British manufacturer at a price of 35,000 British Pounds on 15 November 2005, payment due in 60 days . Using the following exchange rates compute the gain or l

  • Q : Element of income from continuing operations....
    Accounting Basics :

    Material restructuring costs are reported as an element of income from continuing operations

  • Q : Evaluate the firms annual report....
    Accounting Basics :

    How should you evaluate the firm’s annual report in light of this footnote? In particular, how does this footnote affect your recommendation regarding the loan?  Be very specific.

  • Q : Identify the objectives of financial reporting....
    Accounting Basics :

    The purpose of this paper is to identify the objectives of financial reporting, the organizations and responsibilities of the standards setting process, and the authoritative sources of accounting

  • Q : Material participant in the partnership....
    Accounting Basics :

    She also receives $35,000 in interest and dividends on other investments. What is Teresa's AGI if she is a material participant in the partnership? What is her AGI if she does not participate in the

  • Q : Future taxable and deductible amounts....
    Accounting Basics :

    1. Prepare a table of future taxable and deductible amounts. 2. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2004, assuming an income t

  • Q : Customer profitability analysis....
    Accounting Basics :

    As part of customer profitability analysis, the relative use of certain activities by customers is compared to a norm. When the comparison shows excessive use of an activity by a customer, which of

  • Q : Estimate the fixed cost of electricity per month....
    Accounting Basics :

    Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. Round off the fixed cost to the nearest whole dollar and the varia

  • Q : Goodwill and other intangible assets....
    Accounting Basics :

    According to SFAS 142, "Goodwill and Other Intangible Assets," if no legal, regulatory, contractual, competitive, economic, or other factors limit the life of an intangible asset, the asset's cost i

  • Q : Physical presence nexus and economic nexus....
    Accounting Basics :

    Problem: What's the difference between physical presence nexus and economic nexus?

  • Q : What is the normal selling price....
    Accounting Basics :

    It also estimates that overhead cost will increase by a total of $6,000 and that selling and administrative cost and sales volume will remain unchanged. What is the normal selling price for Product

  • Q : Forecasts of a firms future net income....
    Accounting Basics :

    Problem: How would the following events (reported this year) affect your forecasts of a firm's future net income?

  • Q : Finished goods inventory on an absorption costing basis....
    Accounting Basics :

    Prepare an adjusting entry that will put cost of goods sold and finished goods inventory on an absorption costing basis.

  • Q : Cash inflows outflows from operating activities....
    Accounting Basics :

    Rowdy's would report net cash inflows (outflows) from operating activities in the amount of: ________ ?

  • Q : Decision rule for rapidcopy company....
    Accounting Basics :

    Calculate the volume level in copies where RapidCopy Company would be indifferent to acquiring either the small-volume model laser copier, 3000S, or the medium-volume model laser copier, 3000M.

  • Q : Clarification on the two formats of an income statement....
    Accounting Basics :

    I would like to have more clarification on the two formats of an income statement. Are there certain situations that would make it beneficial to use one format versus the other?

  • Q : Variable-overhead efficiency variances....
    Accounting Basics :

    "I don't understand these crazy variable-overhead efficiency variances. My employees are very careful in their use of electricity and manufacturing supplies, and we use very little indirect labor. W

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