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1) Which of the following can be described as involving direct finance?A) A corporation issues new shares of stock.B) People buy shares in a mutual fund.C) […]

The following describes the payroll procedures for a hypothetical company. Every Thursday the timekeeping clerk sends employee time cards to the payroll department for processing. Based […]

1. Which of the following is NOT a principle of lean manufacturing?a. Products are pushed from the production end to the customer.b. All activities that do […]

A catalog company has hired you to computerize its sales order entry forms. Approximately 60 percent of all orders are received over the telephone with the […]

Dynamic Futon forecasts the following purchases from suppliers:Jan.Feb.Mar.Apr.May.Jun.Value of goods ($ millions)322825222020a. Forty percent of goods are supplied cash-on-delivery. The remainder are paid with an average […]

(CVP analysis) Following are abbreviated income statements for two companies Ainsley and Bard:AinsleyBardSales$2000000$2000000Variable cost(1400000)0Contribution margin$ 600000$2000000Fixed cost0(1400000)Operating income$ 600000$ 600000Ainsley and Bard produce an identical product […]

FINANCIAL-BASED RESPONSIBILITY ACCOUNTING VERSUS ACTIVITY-BASED RESPONSIBILITY ACCOUNTINGThe labor standard for a company is two hours per unit produced which includes setup time. At the beginning of […]

FOREIGN TRADE ZONESElmondo Inc. is considering opening a new warehouse to serve the Southwest region.Jefferson Moore controller for Elmondo has been reading about the advantages of […]

Identifying cost behaviorAt the various activity levels shown Johnston Company incurred the following costs.Units Sold20406080100a.Depreciation cost per unit240.00120.0080.0060.0048.00b.Total rent cost3200.003200.003200.003200.003200.00c.Total cost of shopping bags2.004.006.008.0010.00d.Cost per unit […]