Monthly Archives: December 2014

Kansas Company uses a standard cost accounting system (A+ Guaranteed)

Kansas Company uses a standard cost accounting system. In 2014, the company produced 28,400 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was … Continue reading

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ACC 303 Week 11 Final Exam – Liquidity refers to the ability of an enterprise to pay its debts

TRUE FALSE—CONCEPTUAL   1.  Liquidity refers to the ability of an enterprise to pay its debts as they mature. 2.  The balance sheet omits many items that are of financial value to the business but cannot be recorded objectively. 3.  … Continue reading

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ENGINEERING 151 FINAL EXAM (Module 10 through 14)

ENGINEERING 151 FINAL EXAM (Module 10 through 14) QUESTION ONE:E-GLASS FIBER QUESTION TWO: CAPACITOR QUESTION THREE: CONCRETE MIXTURE Here’s the SOLUTION

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Microeconomics BUS 224 Unit 2 – St Atanagio is a remote island in the Atlantic

St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available … Continue reading

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ECON 201 Final Exam (A+ Guaranteed)

1) ________ is a situation in which resources are limited in quantity and can be used in different ways. A) Choice B) Economics C) Supply and demand D) Scarcity 2) The single largest expenditure component in GDP is: A) consumption … Continue reading

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ACC 560 Final Exam – According to the Financial Executives Institute, one function of controllership

1) According to the Financial Executives Institute, one function of controllership is _____. A.short term financing B. reporting and interpreting financial information C.investments D.provision of capital 2) Performance reports _____. A. provide feedback by comparing results with plans and by … Continue reading

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ACC 432 Final Exam – Proceeds from an issue of debt securities having stock warrants

1) Proceeds from an issue of debt securities having stock warrants should NOT be allocated between debt and equity features when A. the allocation would result in a discount on the debt security. B. the warrants issued with the debt … Continue reading

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Saint Paul Company produces a line of non-motorized boats (Answer Key)

Saint Paul Company produces a line of non-motorized boats . Saint Paul uses a job order costing system and applies manufacturing overhead cost using direct-labor cost. The following data are for 2013: Estimated Manufacturing Overhead Cost : $125,000 Actual Manufacturing … Continue reading

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Boise Inc manufactures and sells two models of luxuriously

Boise Inc manufactures and sells two models of luxuriously finished cutlery : Alvaro and Bazan. Current revenue, costs, and unit sales date for the two products appear below: Avano : selling price per unit : 4.00 variable expenses per unit … Continue reading

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Assume that Big Company decides to acquire 100% Little Company for $500,000

Assignment Option #1: Acquisitions with Ownership = 100% and BV = FMV Using the data in the attached spreadsheet, perform the accounting required for the acquisition of Little, Inc. by Big, Inc. This is a 100% acquisition where the book … Continue reading

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