entry may indicate which of the following: a. 0 An increase in an asset account b. 0 A decrease in an asset account c. 0 An increase in a liability account d. 0 An increase in a capital account Objective: Journalize basic transactions. 5. ABC Corporation records sales for the day totaling $50,000 in cash sales and $35,000 in sales on account. Which of the following is the correct journal entry? a. 0 Cash $50,000 Accounts Receivable $35,000
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request. ACCT 701 CENTENNIAL COLLEGE Accounting for Managerial Decision Making Course Description This course will introduce the student to the principles of management accounting. Topics include costvolume-profit relationships, relevant costing, performance measurement, and the application of management accounting concepts and techniques to support business decision making. Program Outcomes Successful completion of this and other courses in the program culminates in the achievement of
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continuously impacting every facet of accounting. (Bagranoff, Simkin, & Strand-Norman, 2006) This paper will examine how accounting information systems (AIS) are bringing about changes within the accounting profession. Additionally, a variety of technologies and how they affect accounting practices at Exclusively Yours Salon will be discussed. Accounting Information Systems and the Accounting Profession Today’s business environment is marked by increased competition and the need for better and faster information
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financial accounting. In particular, the objective of the course is to familiarize students with the fundamental concepts of management accounting system, and use of such information for decision making and performance evaluation. COURSE LEARNING OBJECTIVES: The primary objectives of this course are: 1. To develop an understanding of the costing, cost calculation. 2. To develop understanding of application of different techniques of cost allocation. 3. To understand the relationship between
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Question 1 - (20 marks) Deciding where to produce. Pam Engines Company produces the same power generators in two plants, a newly renovated, automated plant in Polly, and an older, less automated plant in Maddy. The following data are available for the two plants: | Polly | | Maddy | Selling price | | $150.00 | | | $150.00 | Variable Manufacturing Cost per unit | $72.00 | | | $88.00 | | Fixed Manufacturing Cost per unit | $30.00 | | | $15.00 | | Variable Marketing and distribution
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Transactions- economically speaking- we live our lives through our transactions w/ other people. Not a world of self sufficiency, it’s a world of transactions. Biggest part of our economic lives is the tool of exchange. Think more deliberately about the transactions entered into. Second tool- the accounting equation. We take the transaction entered into and put it into the accounting equation. Accounting is making a record of transactions, so they can be understood. Accounting equation
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ACCT 640 Case 2 Performance Drinks, LLC ACCT 640 Case 3 Performance Drinks, LLC Click below link for Answer http://workbank247.com/q/acct-640-case-2-performance-drinks-llc-acct-640-ca/12454 http://workbank247.com/q/acct-640-case-2-performance-drinks-llc-acct-640-ca/12454 Performance Drinks, LLC is owned by Dave N. Port. Performance Drinks produces a variety of sports centered drinks. They began operations in 1993 shortly after Mr. Port graduated with his M.B.A. That report is following:
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a) Activity-based costing, ABC, would seem to be an accurate way for managers to assign costs to the customers and products that use a department's services. But real-world use has shown ABC loses power in large-scale operations, and can be difficult to implement and maintain. In their HBR article, excerpted here, authors Kaplan and Anderson suggest the process be simplified through an approach they call "time-driven ABC." Here's an overview. The solution to the problems with ABC is not to abandon
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One of the major issues companies are presented with is the attempting to implement and improve current supply chain problems amongst major customers. To start the process companies designated a team of qualified individuals to study each retail customer. The information gather is used to produce more efficient designs with an improved flow of information service levels are up to 90% in some areas, Bannon (2001). Many companies are realizing the effect Supply Chain Management is having with bottom
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Chapter-9 1. Budget: A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. Budget is a plan of action for achieving quantified objectives, standard for measuring performance and device for coping with foreseeable adverse situations. 2. Budgeting: The act of preparing a budget is called budgeting. Budgeting is the process of creating plan to spend money. It is simply balancing expenses with income. 3
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