CHAPTER 10 CRITICISMS OF ABSORPTION COST SYSTEMS: INCENTIVE TO OVER-PRODUCE P 10-1: Solution to Federal Mixing (10 minutes) [Explaining absorption versus variable costing] Variable costing writes off to income all fixed manufacturing costs incurred during the year. Absorption costing prorates the fixed overheads between units in inventory and units sold based on machine hours. Absorption costing net income is higher than under variable costing by $1.2 million. This means that inventories
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for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses | | SalesCost of Goods Sold and Operating | | Fees‚ Rents‚ etc.Operating (only) | 3. Under a periodic inventory system the company does not keep track of
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AGDA Practice Note Written Proposal Template Written Proposals We advise our members to always provide written proposals to your clients. While writing a proposal may seem like a challenging task‚ you will benefit from the exercise in many ways: • your clients will perceive you as professional – any client who wants to do business without something in writing should be informed it is standard professional practice‚ in keeping with the AGDA Code of Ethics • you will have legal protection
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Role of Internal Audit Function Nano Circuits Inc‚ is a publicly traded company that produces electronic control circuits‚ which are used in many products. In an effort to comply with SOX‚ Nano is in the process of establishing an in-house internal audit function‚ which previously had been outsourced. The company began this process by hiring a Director of Internal Audits. Nano Circuits’ CEO recently called a planning meeting to discuss the roles of key corporate participants regarding the implementation
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The scarlet ibis and simon birch are two very good stories about two boys‚ Doodle which is the main character from the scarlet ibis and Simon the main character from simon birch‚ they both were born with heart problems and were very very small‚ they were both very adventurous and they loved to play outside of course‚ they had lots of the same character traits. Simon had a very supportive friend and doodle did not Simon’s friend told him was a hero and he would live while Doodles brother didn’t accept
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Solution: i. Establishment of estimated growth rate in earnings and dividends. XYZ Company’s current EPS is $4.75. It was $3.90 a year ago. The company pays out 35% of its earnings as dividends‚ and the stock sells for $45. a. Calculate the past growth rate in earnings. b. Calculate the next expected dividend. Assume that the past growth rate will continue Answer: If payout ratio is constant‚ then dividend growth rate will be same as earnings growth rate. a) dividend growth rate over
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Proposing a Solution I live outside of a small town of 3‚000 people. The water system of our small town supplies drinking water to a population of 3‚000 to 5‚000. Our water system has been in place for 20 plus years and neglect has been rampant for almost the same period of time. Public water systems are governed by regulations and monitored by the State of Louisiana. The Town of Ferriday has been under state mandated “boil orders” more times that you could count. One of the more recent events
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Re-Organization and Layoffs Solutions Paper Donne McKenzie‚ Bradley Garner‚ Christine Sesin‚ Angela‚ Caroline Stephans PHL/320 June 22‚ 2015 Dr. Tony Bennett Re-Organization and Layoffs Solutions Paper The Bureau of Labor and Statistics reported‚ from January 2011 through December 2013‚ 4.3 million workers were displaced from jobs they had held for at least three years‚ the U.S. Bureau of Labor Statistics reported today. This was down from 6.1 million workers for the prior survey
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Technology Solutions Paper University of Phoenix Technology Management Seminar in Decision Outcomes MBA 592 Technology Solutions Paper This paper will present Baderman Island’s enterprise technology solution‚ and attempt to explain how the presented enterprise-wide solution will create value for the organization’s e-commerce marketplace. In addition‚ this author will explain how Baderman Island’s prototyping efforts will aid in improving the new system development as well as identify
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Shelly Shaw-Faulkner Doctor Peter A. Doherty BUS 221: International Marketing August 27‚ 2009 Case 4-7 (2).Can you recommend alternative strategies or solutions to the dilemmas confronting the tobacco companies? To governments? What is the price of ethical behaviors? Most marketing decisions have ethical ramifications whether business executives recognize it or not. When proper action is taken‚ the ethical dimensions go unnoticed‚ but when the marketing decision is ethically troublesome‚
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