• Q : Unique control risks associated with the use of pcs....
    Accounting Basics :

    Discuss some of the unique control risks associated with the use of PCs and laptop computers compared to using mainframes.

  • Q : Maximizing throughput contribution margin....
    Accounting Basics :

    The theory of constraints focuses on maximizing throughput contribution margin while minimizing all of the following except

  • Q : Journalize the treasury stock transactions....
    Accounting Basics :

    (1) Journalize the treasury stock transactions. (2) Restate the entry for September 1, assuming the treasury shares were sold at $12 per share.

  • Q : Compute the quick and current liquidity ratios....
    Accounting Basics :

    Problem: GE does business in Puerto Rico. Compute the quick and current liquidity ratios, the DuPont ratio, profit margin, asset utilization, and financial leverage for GE.

  • Q : Facebook could cost you your job....
    Accounting Basics :

    Social networking websites have rocked our world to its core. Before the days of Facebook, Myspace and Twitter, people had to actually meet with each other, chat over the phone or even send letters

  • Q : Combined test assuming marginal cost pricing....
    Accounting Basics :

    a. As a starting point, what is the price of the combined test assuming marginal cost pricing? b. Assume that Allied wants a contribution margin of $10 per test. What price must be set to achieve this

  • Q : Calculate the overhead cost applied during the year....
    Accounting Basics :

    Calculate the overhead cost applied during the year. Determine the amount of over- or underapplied overhead. What are the journal entries to eliminate the over -or underapplied overhead assuming tha

  • Q : Administrative expenses in the planning budget....
    Accounting Basics :

    A. The selling and administrative expenses in the planning budget for March would be closest to:

  • Q : Corporations assets ordinary-capital....
    Accounting Basics :

    Identify each of White Corporation's following assets as an ordinary, capital, or 1231 asset. Explain. a. Two years ago, White used its excess cash to purchase a piece of land as an investment.

  • Q : Behr decision making capabilities-operational performance....
    Accounting Basics :

    Describe the key inputs and outputs of these tools and how they will be used to help improve Behr's decision making capabilities and operational performance.

  • Q : Calculate the net income amounts....
    Accounting Basics :

    1. Calculate the net income amounts for each division and the total company. 2. Calculate the segment margin ratios before and after these changes and comment on the results. Explain the changes.

  • Q : Fixed manufacturing costs of the company....
    Accounting Basics :

    The fixed manufacturing overhead represents the costs of production facilities and equipment that the Tam product shares with other products produced by Clemson. If the Tam product were dropped, the

  • Q : Journal entry to record the exchange....
    Accounting Basics :

    a) Prepare the journal entry to record the exchange on Smith's books, assuming the transaction has commercial substance.

  • Q : Fraud case affected several investors....
    Accounting Basics :

    The fraud case affected several investors who claim that they have lost fortune in the massive scam that was brainwork of Scott Rothstein. Rothstein, along with Toronto Dominion bank employees duped

  • Q : Major non-tax advantage....
    Accounting Basics :

    When does Fred participate in the plan? When does he vest in the plan? Explain your answer in detail. Question) What is a major non-tax advantage to set up a qualified plan?

  • Q : Elements of inherent risk associated with revenue cycle....
    Accounting Basics :

    1. Identify the elements of inherent risk associated with the revenue cycle that the auditor should consider. 2. For each element of inherent risk identified, briefly indicate the audit concern and

  • Q : Price per unit for special order....
    Accounting Basics :

    What selling price per unit will this business require to earn $3,000 on the order? Explain and show calculations of what selling price per unit will this company require to earn $3,000 on the order.

  • Q : Fixed costs allocated on the basis of actual hours....
    Accounting Basics :

    Assume the same facts as in number 1 except that the fixed costs were allocated on the basis of actual hours of usage. Show the total allocation of costs to each school. As the dean of the school of

  • Q : Commercial divisions using the step-down method....
    Accounting Basics :

    Determine the costs allocated to the residential and commercial divisions using the step-down method. The personnel department costs should be allocated first.

  • Q : Absorption-costing fixed-manufacturing....
    Accounting Basics :

    What is the difference between "units produced" and "units sold" in 2003, if you know that the absorption-costing fixed-manufacturing overhead application rate is $3 per unit (Give answer in units).

  • Q : Explain the parts of a decision tree....
    Accounting Basics :

    Question 1: Explain the parts of a decision tree. Question 2: What are some benefits of using decision trees?

  • Q : What is faulk company operating income....
    Accounting Basics :

    1. What will be the effect on profits of processing each product further? 2. Assume the company maximizes profits, what is Faulk Company's operating income?

  • Q : Qualified deferred compensation for income tax purposes....
    Accounting Basics :

    What is meant by the term 'qualified deferred compensation' for income tax purposes, and for whom is it most often used?

  • Q : Change in cash due to operating activities....
    Accounting Basics :

    Stockholders' equity: The change in retained earnings was due to net income of $55,000 and payment of $7,000 of dividends.

  • Q : Evaluating-reporting and testing internal controls....
    Accounting Basics :

    Problem: Explain the difference between evaluating, reporting, and testing internal controls for public and nonpublic companies.

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