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Discuss the difference between management accounting and financial accounting. Explain the management process and the steps that go along with decision making.
Describe the differences between direct labor, direct material, manufacturing overhead, and nonmanufacturing costs, and list an example of each.
What is the definition of each costing method? Discuss how, when, and if the costing method could be used by EEC.
Explain, in one or two paragraphs, why some accounts need to be closed and others should not.
Identify a specific consumer product that you or your family have used for quite some time.
In your post, name the three types of tax rate structures, explain in your own words the benefits and shortcomings of each, and give an example of each.
Congress has chosen to exempt certain income from taxation. Explain in your post why you think Congress would provide these and other exemptions.
Is the production manager, Alan Tyler, acting ethically? What are Jackson's ethical obligations? To the president? To her friend?
What cost drivers might be appropriate for depreciation (DEP), operation and maintenance of plant (IPA), and general administration (IGA) overhead cost pools?
Is the Republican alternative for the infrastructure bill a better option rather than Biden's proposed bill?
Calculate the contribution margin for each product based on your sales price and the variable cost for that product.
Discuss what happens to a debtor's assets and liabilities during bankruptcy? What debts are not dischargeable in bankruptcy?
What types of accounts are referred to as temporary accounts? Why are closing entries required at the end of the accounting period?
What are the errors you find in the following balance sheet? Prepare a corrected balance sheet?
How do you think you would use activity-based costing in your future career?
Explain what type of information can be derived from each statement. Describe the major purpose of financial statements.
Provide at least two examples of how companies have used the software as it relates to audit capacity. Discuss the benefits of using the software.
What was the name of Enron's Internet trading venture? What was the name of Enron's fair value accounting model?
In terms of profit, should Lake Tahoe Production switch to the new equipment if the company can sell exactly 245,000 units? Why?
Identify a publicly traded manufacturing company. BY publicly traded it means they have stock traded on an exchange such as the New York Stock Exchange.
What control system and subsidiary accounts should be included in Ermler & Trump's manual accounting system? Why?
Costing Methods: Compare the job order and process costing methods, and explain how each of these can be applied to the company.
What is a tax-shelter? Discuss. How are at-risk rules used by the government to check abusive use of tax shelters? Discuss.
List opportunities for cost-sharing and partnerships. Describe the associated challenges and risks, and suggest ways to ameliorate them.