Solutions in Accounting
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Accounting › High Low Method › Solution Id 13368
Determining fixed portion using high low method.
Wilson Company's activity for the first six of the current year is as follows:
Accounting › Managerial Accounts › Solution Id 13367
Identifying cost equation in the multiple choice
In the standard cost formula Y = a + bX, what does the "b" represent?
total fixed cost
total variable cost
Accounting › CVP Analysis › Solution Id 13366
Multiple choice question based on cost volume profit analysis.
Monsivais Corporation, a manufacturing company, has provided the following financial data for February:
variable production ...
Accounting › CVP Analysis › Solution Id 13365
Preparation of contribution margin in CVP analysis.
The management of Gilmartin Corporation, a manufacturing company, has provided the following data for February:
Accounting › Standard cost › Solution Id 13364
Multiple choice questions based on standard costing.
1. If variable manufacturing overhead is applied based on direct labor-hours, it is impossible to have a favorable labor...
Accounting › Managerial Accounts › Solution Id 13363
True or false from managerial accounting.
1. The reluctance of managers to lay off employees when activity declines in the short-run leads to an increase in the r...
Accounting › Managerial Accounts › Solution Id 13362
Multiple choice questions from managerial accounting.
The high-low method uses cost and activity data from just two periods to establish a cost formula.
2.Contribution margin equals re...
Accounting › Lease account › Solution Id 13361
Lease accounting involves types, present value and journal entries.
On January 1, 2007, Burke Corporation signed a 5-year noncancelable lease for a machine. The terms of the lease called for Burke to make annual paymen...
Accounting › Accounts › Solution Id 13360
Determing actual return from the investment of pension amount.
James Paul importers provides the following pension plan information:
Fair value of pension plan assets, January 1, 2011
Accounting › Plant asset valuation › Solution Id 13359
Plant asset involving finding their cost and depreciation.
1) HeFlin Company incurs these expenditures in purchasing a truck: cash price $17,700; accident insurance (during use) $1,810; sales taxes $1,30...
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Economics › Macroeconomics › Solution Id 14653
Discussion on the causes of the stagflation of 197...
1.(Stagflation) what were some of the causes of the stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from the g... Read More
Economics › Microeconomics › Solution Id 14652
Calculation of market clearing price and quantity.
Suppose a highly competitive market is described by the following supply and demand functions S= 3P=90 and D=7910 -5P .suppose also that a repre... Read More
Economics › Macroeconomics › Solution Id 14651
Explaining the relation between macroeconomic vari...
Describe the relationship between each of the following variables based on the experience of the U.S. economy over the past 30 years.
(a) ... Read More
Economics › Macroeconomics › Solution Id 14650
Discussion on recent recession.
a) Explain what is measured by Real GDP.
(b) When a recession is over, do people begin to immediately feel the effects of an efficient economy? Use th... Read More
Economics › Econometrics › Solution Id 14649
Calculation of variance and standard deviation of ...
A company is considering between two projects: project 1 and project 2. The estimated cash flows and their probabilities of the two projects are given... Read More
Economics › Microeconomics › Solution Id 14648
Calculation of optimal output.
Two monopolistically competitive firms face the same demand and total revenue functions but face different total cost functions. These demand, total r... Read More