• Q : Calculate the break-even point for each type of lock....
    Accounting Basics :

    Calculate the break-even point for each type of lock in boh units and dollars. Advise wheter Angelicus should cease production of domestic and commercial locks. Give your reasons.

  • Q : Five reasons why small businesses fail....
    Accounting Basics :

    This mini-essay discusses one of the top five reasons why small businesses fail: running out of money. How can this business be out of cash? We've been turning a profit for months and sales are growin

  • Q : Weighted average cmr for ecdr....
    Accounting Basics :

    Q1. What is the food department's CMR? Q2. What is the weighted average CMR for ECDR? Q3. What is the breakeven point?

  • Q : Journalize entries for the transaction using excel....
    Accounting Basics :

    Problem: Journalize entries for the transaction using excel or word or any processing programs. The program is at this website (you might need to enlarge it):

  • Q : Provision for doubtful debts accounts....
    Accounting Basics :

    Required (A) Provision for Doubtful Debts Accounts. (B) Bad Debts Account (C) Bad Debts Recovered Accounts (D) State the effects on Lin Yews Net Profit of the change in the Provision for Doubtful Debt

  • Q : Gross profit ration....
    Accounting Basics :

    State five possible reasons for the decrease in her gross profit ration. State three ways in which she may improve her return on Capital.

  • Q : Footnotes in the financial statements....
    Accounting Basics :

    How do you retrieve the different financial statements in the 10k filing? What is the importance of the footnotes in the financial statements?

  • Q : Journal entries for the particular transactions....
    Accounting Basics :

    Prepare journal entries for the following transactions for Lamplighter Company: a) Materials purchased on account, $50,500.

  • Q : Amount of manufacturing overhead allocated to job fws....
    Accounting Basics :

    Job FWS consists of 40 units and will require 15 setups, 200 machine hours, and 60 inspections. Using ABC what amount of manufacturing overhead will be allocated to job  FWS? What amount would

  • Q : Overhead cost breakdown by using the high-low method....
    Accounting Basics :

    Prepare an overhead cost breakdown by using the high-low method. The analysis should be useful in helping predict variable and fixed costs under normal operating conditions.

  • Q : What is the purpose of the cash budget....
    Accounting Basics :

    What is the purpose of the cash budget? The key input to the cash budget is the sales forecast. What is the difference between external and internal forecast data?

  • Q : Calculating operating income....
    Accounting Basics :

    Problem: Swanson Candy Co. makes a candy bar that sells for $32 per case. Variable costs are $19.20 per case, and fixed costs total $59,520 per month. Calculate operating income if 5,300 cases are s

  • Q : Characteristic of internal control....
    Accounting Basics :

    Paying top salaries to attract top-quality employees is a part of which characteristic of internal control:

  • Q : Continouous improvement....
    Accounting Basics :

    Problem: Continouous improvement involves all the following except? a) understanding the activities that the organization undertakes to meet its customers'requirements b) improving the performance of

  • Q : Understanding the causes of cost....
    Accounting Basics :

    Problem: Understanding the causes of cost is important because it?

  • Q : Activities improving a process efficiency....
    Accounting Basics :

    Problem: Which of the following activities is unlikely to help improve a process efficiency?

  • Q : Owner invested cash in the business....
    Accounting Basics :

    The owner invested cash in the business: a) increase Capital account. b) decrease Capital account.

  • Q : Debits and credits review....
    Accounting Basics :

    Multiple Choice Questions on debits and credits 1) The business wrote a check:

  • Q : Multiple choice accounting questions....
    Accounting Basics :

    Total fixed costs for product A are $23,400 per month; the variable cost per unit is determined to be $32; the selling price is $45. A firm must sell ____ units to generate $12,000 per month in prof

  • Q : Company cash flow prospects....
    Accounting Basics :

    Question 1: What do we mean when we say that investors and creditors are interested in a company's cash flow prospects? Question 2: Explain the effect of operating profitably n the balance sheet of a

  • Q : Plausibility and probable reliability....
    Accounting Basics :

    Question 1. Discuss the plausibility and probable reliability of each of the cost drivers – number of employees or number of reports?

  • Q : Accounting assumptions necessitate use of adjusting entries....
    Accounting Basics :

    What accounting assumptions necessitate the use of adjusting entries? What accounts are subject to adjusting journal entries?

  • Q : Income with inflation rate....
    Accounting Basics :

    All other purchases are for cash. Shown below is 1st year of operation with no inflation. Show net income for following year with 10% inflation rate.

  • Q : Effects on the accounting equation....
    Accounting Basics :

    You own a window cleaning business. You complete cleaning the windows in an office building and charge your customer $500. What effects are there to the accounting equation (Assets = Liabilities + O

  • Q : How decisions might affect net income....
    Accounting Basics :

    Management is trying to decide how various possible conditions or decisions might affect Net Income. Please ignore Income Taxes.

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