CHPT 11 HW
1. Land held for possible plant expansion would not be included as an operating asset when
computing return on investment (ROI).
True / FalseLearning Objective: 11-01 Compute return on investment (ROI) and show how
changes in sa
Within the relevant range:
- fixed cost per unit increases as production decreases.
Discretionary fixed costs:
- may be reduced for short periods of time with minimal damage to the long-run goals of
When the activity level declines withi
1. Under variable costing, product costs consist of direct materials, direct labor, and variable
True / FalseLearning Objective: 06-01 Explain how variable costing differs from absorption
costing and com
AGI of the Pierres is $47,400
Job expenses and most other miscellaneous deductions:
Unreimbursed employee expenses
Tax preparation fees
Other expenses subject to the 2% AGI floor
Less 2% of AGI
Aims of Project
To undertake this project in part fulfillment of the CSEC School based assessment.
To organize transactions into appropriate books of entry.
To evaluate business performance and inform Rose Mason of steps to take in future
This is a graded discussion: 100 points possible
due Feb 7 at 11:45pm
Discussion #2: Muddiest Point
5 5 unread replies. 5 5 replies.
At this point in the class, what have you found that is hard to find, hard to understand, or just plain
8.8: Review of Rational Expressions and Rational Equations; Rational Functions
Evaluate Rational Functions
A rational function is a function whose equation is defined by a rational expression in one
8.4: Solving Compound Inequalities
Find the Intersection and the Union of Two Sets
When the word and or the word or is used to connect pairs of inequalities, we call the
statement a compound inequality. To solv
Pricing Decisions, Analyzing
Customer Profitability, and ActivityBased Pricing
Pricing decisions are often the most difficult decisions that managers face, and in this chapter we
examine them in some detail. This chapter beg
The Use of Cost Information in
Management Decision Making
Before making decisions, managers must gain a thorough understanding of the cost information that
is relevant. Previous chapters have examined various issues involvin
Chapter 6 Cost Allocation and Activity-Based Costing
COST ALLOCATION AND
Companies that produce more than one product or provide more than one type of service invariably
have indirect costs because
The method that most companies use for external reporting to stockholders and creditors is called
full, or absorption, costing. An alternative method of reporting is called variable costing. This
method is g
The analysis of how costs and profit change when volume changes is referred to as cost-volumeprofit (CVP) analysis. In this chapter, tools are developed to enable managers to answer questions
P1. [LO 3, 4].
a. The company started the month with 11,000 units and 105,000 units were
entered into production. Thus, the company must account for 116,000 units. At
the end of the month, the company had 5,100 units in ending work in process.
JOB-ORDER COSTING FOR
MANUFACTURING AND SERVICE
To determine the cost of manufactured products, companies use a product costing system, an
integrated set of documents, ledgers, accounts, and accounting procedures u
CONTROL AND ACCOUNTING INFORMATION
Control objectives are the same regardless of the data processing method, but a computer-based
AIS requires different policies and procedures to achieve that control.
Internal control is the proce
ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW
SUGGESTED ANSWERS TO DISCUSSION QUESTIONS
The value of information is the difference between the benefits realized from using that
information and the costs of producing it. Would you, or any organ
ACCOUNTING INFORMATION SYSEMS
REVIEW FOR EXAM I
An accounting system is an example of a open system.
An accounts payable system is an example of a structured system.
Data is the output of an AIS.
Reliable information is information that reduce
A not-for-profit university operates its college book-store as an auxiliary
enterprise. During the year the store has revenues of $30 million and expenses
of $27 million. In its statement of activities the university should report
A: Operating r
Select the best answer.
1. New York State has unlimited authority to control and regulate Yonkers as well as all
other municipalities within its jurisdiction. Consistent with GASB standards:
a. Both New York State and Yonkers could be considered primary g
Select the best answer.
1. Which of the following should not be included in the introductory section of a city's
a. Management's discussion and analysis
b. Letter of transmittal
c. Government Finance Ofcers' certicate of achievement for excellence i
ACCT 342 GOVERNMENT AND NOT-FOR-PROFIT
Contact Information Dr. Deborah A. Corbin, CPA
Email: Through Blackboard preferred
Alternate email: [email protected]
Office: COB 217
Office Phone Num
Select the best answer.
1. A local chapter of the Society for Protection of the Environment beneted from the
voluntary services of two attorneys. One served as a member of the Society's board of
directors, performing tasks comparable to other directors. D
During 2014, the city issued $300 in fines for failure to keep real property in
acceptable condition. During that period the city spent $200 to mow and
clean up the unoccupied properties for which the fines were assessed. The city