• Q : Reconstructing the records of axy company....
    Accounting Basics :

    Question 1) An insurance investigator is reconstructing the records of AXYCompany. Some data were destroyed in a fire, but the following data for the fiscal year survived (there was no over or under

  • Q : Variable overhead on the basis of direct labor-hours....
    Accounting Basics :

    The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

  • Q : Data concerning manufacturing overhead....
    Accounting Basics :

    Task: Lietz Corporation has provided the following data concerning manufacturing overhead for January:

  • Q : Amount of work-in-process inventory....
    Accounting Basics :

    Problem. Find the amount of work-in-process inventory for 2008 in the table below. Problem. Find the total revenues from unaffiliated customers earned in Europe for 2008

  • Q : Asset on the balance sheet....
    Accounting Basics :

    How should Angela account for the toy promotion campaign in this year? The company should record the tickets as an asset on their balance sheet.

  • Q : Kind of social hierarchies and social interactions....
    Accounting Basics :

    Problem 1: Briefly discuss the economic, political, educational, family, and marital systems of a country of your choice. Problem 2: When doing business in the chosen country, what kind of social hi

  • Q : Brief summary on the book how the mighty fall....
    Accounting Basics :

    A discussion and/or explanation of how you will use the information in How the Mighty Fall based on what you expect a business person should or could do to apply the book to their careers. 

  • Q : Compute the total cost of the kent order....
    Accounting Basics :

    Overhead costs were applied at a single, plant-wide overhead rate of 240 percent of direct labor dollars. Required: Using the traditional costing approach, compute the total cost of the Kent order.

  • Q : Projects using the certainty equivalent method....
    Accounting Basics :

    Management has decided to evaluate these projects using the certainty equivalent method. The certainty equivalent coefficients for each project's each cash flows are as follows:

  • Q : Outsource the production to a foreign country....
    Accounting Basics :

    You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign co

  • Q : Asset utilization rate for textron and gulfstream....
    Accounting Basics :

    Assess the financial position of Textron in comparison to Gulfstream. The emphasis is on cash flow for this analysis. 1) Compute the return on assets, profit margin and asset utilization rate for Text

  • Q : Calculate net cash provided by operating activities....
    Accounting Basics :

    1. In ABC's 2011 statement of cash flows, calculate net cash provided by operating activities. 2. In ABC's 2011 statement of cash flows, calculate net cash used in investing activities.

  • Q : Accounting for pensions....
    Accounting Basics :

    Problem 1) When can information about two operating segments be aggregated? Problem 2.) How is accounting for pensions different than accounting for other post-retirement benefits?

  • Q : Reducing the deficit....
    Accounting Basics :

    What are your thoughts on the three proposals outlined above, and please feel free to suggest anything that you feel should also be considered in reducing the deficit.

  • Q : How does microcredit concept contribute to the economy....
    Accounting Basics :

    (1) How does the microcredit concept contribute to the economy? (2) Are there any drawbacks to the idea of microcredit?

  • Q : How technology-based information systems affect accounting....
    Accounting Basics :

    Question: How do technology-based information systems affect accounting. What impact have they had on the role of accounting in business?

  • Q : Controlling accounts and subsidiary ledgers....
    Accounting Basics :

    Question: What are the controlling accounts and subsidiary ledgers? What is the relationship between them?

  • Q : Fasb-gasb-iasb....
    Accounting Basics :

    As an accountant, if you had a choice of working with one of the boards, FASB, GASB, or IASB, which one would you work with?

  • Q : Impact of conducting business....
    Accounting Basics :

    State your opinion regarding the impact of conducting business with this country and the ramifications of doing so or not doing so. State what your recommendations will be to the CEO of your company

  • Q : Compute the prime costs and conversion costs per unit....
    Accounting Basics :

    Compute the prime costs and conversion costs per unit for each department. If an amount box does not require an entry, leave it blank.

  • Q : Flexible budget and variance analysis....
    Accounting Basics :

    Prepare a performance report for the East Coast plant. Include a flexible budget and variance analysis. Enter F for favorable variance, and U for unfavorable variance. If an amount is zero, enter "0

  • Q : Prepare a flexible budget....
    Accounting Basics :

    Q1. Prepare a flexible budget for each of the following activity levels: 550, 600, and 700 direct labor hours. Q2. Determine the total cost per direct labor hour at each of the levels of activity.

  • Q : Operating income for greenville corporations....
    Accounting Basics :

    Q1. If the new product is added next year, the increase in net operating income resulting from this decision would be:

  • Q : Profit analysis of day street deli....
    Accounting Basics :

    Day Street Deli's owner is disturbed by the poor profit performance of his ice cream counter. He has prepared the following profit analysis for the year that just ended.

  • Q : Describe the contents of the auditors report....
    Accounting Basics :

    Question: Describe the contents of the Auditors Report. Question: Describe the contents of the Selected Financial Data.

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