What is responsibility accounting? Is it used at your current (or former) place of employment, and if not, would it work? Why or why not?
Accounting Discusion This week, you were asked to access a number of videos and websites. https://www.youtube.com/watch?v=ApRSgmnnEjI https://www.accountingcoach.com/break-even-point/explanation http://smallbusiness.chron.com/costvolumeprofit-relationship-break-even-analysis-67266.html These are great resources to help you learn the materials this week. Consider what type of resource you find most helpful in learning new materials (videos, examples, text, etc). Then consider which topic you struggled with the […]
Due by Perform an Internet search using the term break-even analysis. Select and read a case study or article from the results of your search. (Make sure that you do not select an instructor’s lecture notes or a class assignment from the results of your search.) Summarize the case study or article, and relate the […]
On January 1, A Plus Services has the following balances: Accounts Receivable $25,000 (debit) Bad Debts Expense $0 A Plus Services has the following transactions during January: Credit sales of $140,000, collections of credit sales of $90,000, and writeminus−offs of $16,000. A Plus Services uses the direct writeminus−off method. At the end of January, the balance of Accounts Receivable is ________.
Economics 550 – Managerial Economics Demand Estimation Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April. For a refresher on independent and dependent variables, please go […]
Capital Budgeting: Historically, Grenada Broom’s Ltd. has contracted out delivery of its product but it is now considering purchasing a truck in order to make its own deliveries. The truck will cost $100,000 and will have operating costs of $6,000 per year. Grenada Broom’s Ltd. is currently paying $55,000 per year for delivery of its […]
Review the section on international accounting in each of Chapters 13, 14, and 16. Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS, would you choose the U.S. GAAP or IFRS method? Why? 300 […]
Question 1 (30 points) On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of […]
An enterprise issues 2,000 convertible bonds at the start of Year 1. The bonds have a threeyear term, and are issued at par with a face value of Rs.1,000 per proceeds of Rs.2,000,000. Interest is payable annually in arrears at ab onnodm giniaviln agn tnoutaall interest rate of 6%. Each bond is convertible at any […]
1. Job Order Costing vs Process Costing (5: 59 2. Job Order Costing (4:25) 3. Process Costing (12:15) 4.Cost Per Equivalent Unit (weighted average method) (12:20) 5.Cost Per Equivalent Unit FIFO Method (7:53) 6.Cost Per Equivalent Unit– FIFO Method vs. Weighted-average Method (8:35) 7.Cost Per Equivalent Unit, FIFO Method, Part 2 (Applying Costs) (6:47) After watching the videos, please […]
