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Solutions in Accounting

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Accounting › High Low Method › Solution Id 13368

Determining fixed portion using high low method.

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Wilson Company's activity for the first six of the current year is as follows: Month Machine Hours Electrical Cost January 2,000 $1,56... Read More
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Accounting › Managerial Accounts › Solution Id 13367

Identifying cost equation in the multiple choice

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 In the standard cost formula Y = a + bX, what does the "b" represent? total cost total fixed cost total variable cost variable... Read More
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Accounting › CVP Analysis › Solution Id 13366

Multiple choice question based on cost volume profit analysis.

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Monsivais Corporation, a manufacturing company, has provided the following financial data for February: Sales $470,000 variable production ... Read More
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Accounting › CVP Analysis › Solution Id 13365

Preparation of contribution margin  in CVP analysis.

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The management of Gilmartin Corporation, a manufacturing company, has provided the following data for February: Sales $550,000 variable prod... Read More
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Accounting › Standard cost › Solution Id 13364

Multiple choice questions based on standard costing.

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1.      If variable manufacturing overhead is applied based on direct labor-hours, it is impossible to have a favorable labor... Read More
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Accounting › Managerial Accounts › Solution Id 13363

True or false from managerial accounting. 

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1.      The reluctance of managers to lay off employees when activity declines in the short-run leads to an increase in the r... Read More
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Accounting › Managerial Accounts › Solution Id 13362

Multiple choice questions from managerial accounting.

Views (325)
The high-low method uses cost and activity data from just two periods to establish a cost formula. True False 2.Contribution margin equals re... Read More
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Accounting › Lease account › Solution Id 13361

Lease accounting involves types, present value and journal entries.

Views (317)
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... Read More
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Accounting › Accounts › Solution Id 13360

Determing actual return from the investment of pension amount.

Views (336)
James Paul importers provides the following pension plan information: Fair value of pension plan assets, January 1, 2011 $2,300,000 Fair v... Read More
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Accounting › Plant asset valuation › Solution Id 13359

Plant asset involving finding their cost and depreciation.

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1) HeFlin Company incurs these expenditures in purchasing a truck:  cash price $17,700; accident insurance (during use) $1,810; sales taxes $1,30... Read More
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Recently added solutions in our Solution Library

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

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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

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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

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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

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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

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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

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