Question - Accounting Ninja Incorporated's Income Statement showed the following relvant data for thwe year ended December 31, 2017: Sales revenue - $207037 CPGS - $121277 Income from continuing operations - $253838 Loss ...
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Question - Lasorsa Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $98,000. Last year, $4,000 in fixed manufacturing overhead costs were released f ...
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Question - Calculate the break-even in dollars given the following information: Sales per unit of $40, variable costs of $15, fixed costs of $15,000, and a desired profit of $20,000. What is the break-even in dollars?
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Part A - a) Explain agency theory and contracts in the context of Positive Accounting Research (PAT)? b) What is the bonus hypothesis of PAT? c) Explain what 'creative accounting' is and can it explain the behaviour of c ...
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Question - A machine is purchased January 1 at a cost of $56,290. It is expected to produce 129,000 units and have a salvage value of $3,400 at the end of its useful life. Units produced are as follows: Year 1 10,400 Yea ...
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Question - X Company incurred the following costs in 2017: Factory insurance $4,606 Customer service 4,470 Advertising costs 5,478 Factory maintenance 4,475 Direct materials 5,151 Direct labor 4,165 Factory utilities 5,4 ...
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Accounting Question - A comparative balance sheet for Halper Corporation appears on the next page, and the statement of cash flows form follows. Explain below, why you must convert from an accrual basis of accounting to ...
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Question - On January 1, 2017, Shay issues $700,000 of 10%, 15-year bonds at a price of 97¾. Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 104½. All interest is ...
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Question - Culver Corporation reported net sales of $251,600, cost of goods sold of $134,100, operating expenses of $50,600, net income of $36,400, beginning total assets of $530,400, and ending total assets of $560,800. ...
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Question - Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with ...
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