1.- Estados financieros sujetos a control y vigilancia de la superintendencia de compaas.1
2.- Estado De Resultados.1
4 / 4 points
Which of the following is not a major challenge facing the accounting profession?
Accounting for hard assets
An employee can exclude from gross
4 / 4 points
At the beginning of Year 1, $10,000 is invested at 8% interest, compounded annually. What amount of
interest is earned for Year 2?
Trade and business expenses should be treated as:
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Assignment: Business Transactions
Business Forms and the Accounting Equation
A business is an organization in which basic resources (inputs), such as materials and labor, are assembled and processed to provid
Eric Wood, CPA, was organized on January 1, 2015, as a proprietorship.
List the 12 errors that you find in the following financial statements for the three months ended March 31, 2015.
Eric Wood, CPA
For the Three Months Ended March 31, 2
Chapter 1- The Basics of Guest Services
A science and an art
Good service doesnt happen by itself. It requires a special blend of procedure, technique,
and skill combined with the human element. It is both a science and an art.
Integration of customer ser
Todays society is filled by design with positions at hourly rates for which employees
clock in and out.
Developing a staff is something that is crucial to any hospitality business,
Businesses aim to hire for attitude and traits an
Consolidated Statement of Income
In masons. exceptpershare data Years ended December 31, 2014 2013 2012
Sales by Company-operated restaurants 6 16.1693 518.8742 3 18.6025
Revenuesomfranchisedmlmms . 9.m.9.-_-.-.9.g.1. . 9.9.8295.
2 exams: 200 (The lowest one from the 3 exams will be
52.6 and 62
Final exam: 150
Hoping 80 out of 150
5 HW assignments: 100
88 out of 100
8 Quizzes: 45
27 out of 45.
If she doesnt count quiz 1
7 InClass activities: 7
-Favorite Menu Item
-When I had a problem, and steps I took to solve it
-When you and co-workers didnt get along and steps you took to solve the problem
-Give me an example of how contribute to teamwork
-How would you be beneficial to the
3. What is precedent and how does it relate to stare decisis?
Precedent is when a case decision becomes precedent, meaning a prior opinion of an
appeals court that establishes the authority in the future. Stare Decisis is the process
CHIPOTLE MEXICAN GRILL, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share data)
Cash and cash equivalents
Accounts receivable, net of allowance for doubtful accounts of $1
output of production EXE is 25 units per hour in a manufacturing
department of a company employing 100 workers. The standard wage
rate per labour hour is Rs.6. In a 42 hours week, the department
produced 1040 units of the product despite 5% of the time pa
achieved in the past. This standard tends to be a loose standard
because there is a possibility that the average past performance may
include ineffi ciencies, which will be passed on the new standards.
However the utility of these standards is that past p
product. During the month in question, however the actual
composition of the gang and hourly rates paid were as under Skilled:
2 workers @ Rs.20 per hour Semi-Skilled: 3 workers @ Rs.14 per hour
Un-skilled: 5 workers @ Rs.10 per hour The gang was engaged
Material Cost Variance = Standard Cost Actual Cost 16, 500 Rs.2.40
16,000 Rs.2.50 Rs.39, 600 Rs.40,000 = Rs.400[F] Material Price
Variance = Actual quantity [Standard price Actual price] = 16, 500
[Rs.2.50 Rs.2.40] = Rs.1, 650 [A] Material Quantity Varia
which is established for an unaltered use for an indefi nite period,
which may be a very long period of time. Basic standards are revised
very rarely, and hence the fl uctuations in the costs and prices are not
refl ected in this standard. IV. Expected St
Standard Actual Material A 20 kg @ Rs.5 20 kg @ Rs.6 Material B
30 kg @ Rs.4 20 kg @ Rs.3 Material C 50 kg @ Rs.6 60 kg @ Rs.5
Total 100 kg Total 100 kg Solution: Material Price Variance AQ
[SP AP] Material A = 20[Rs.5-Rs.6] = Rs.20[A] Material B = 20[Rs
variable overhead per unit = Rs.10, 000/400 units = Rs.25 per unit B]
Standard variable overhead per hour = Rs.10, 000/8, 000 hrs = Rs.1.25
per hour C] Recovered variable overhead = Actual output X Standard
variable overhead per hour 360 units X Rs.25 = R
produced and so the standard labour cost per unit is Rs.120/4 units =
Rs.30 per unit. Thus standard labour cost for actual production will be
810 units X Rs.30 = Rs.24, 300. Actual labour cost is shown in the
table. II] Labour Rate Variance: Actual Hours
the year 2009, the standard cost of the same will be determined in the
year 2008. Standard cost is not an estimated cost. There is a difference
between saying what would be the cost and what should be the cost.
Standard cost is a planned cost and it is a
Standard cost for actual production is computed as shown below: For
80 kg, the standard cost is Rs.1, 600, so for actual production of 165
kg, the standard cost is 165/80 X 1600 = Rs.3, 300 II] Material Price
Variance: Actual Quantity [Standard Price Actu
Consumed for Actual Production Actual Cost If the actual cost of
material consumed is less than the standard cost of material
consumed, the variance is favourable, otherwise it is adverse.
Material Price Variance: One of the reasons for difference between