Entries by mary WAMBUGU

The chief financial officer for Cast In Stone concrete products had previously established a line of credit with a local bank that enables Cast In Stone to borrow 80% of the company’s inventory balance. The company currently has 1,000 units in stock, and is performing “on budget.”

August 29, 2019 in /by

The chief financial officer for Cast In Stone concrete products had previously established a line of credit with a local bank that enables Cast In Stone to borrow 80% of the company’s inventory balance.  The company currently has 1,000 units in stock, and is performing “on budget.”  The budget anticipated that direct labor cost would […]

 

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Logan Township acquired its water system from a private company on June 1. No receivables were acquired with the purchase. Therefore, total accounts receivable on June 1 had a zero balance

August 29, 2019 in /by

Logan Township acquired its water system from a private company on June 1.Noreceivables were acquired with the purchase.Therefore, total accounts receivable onJune 1 had a zero balance.Logan plans to bill customers in the month following the month of sale, and 70% of theresulting billings will be collected during the billing month.In the next following month,90% […]

 

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Compare Managerial and financial accounting. Using vocabulary from the text make at least 3 comparisons between the two areas.

August 29, 2019 in /by

 Compare Managerial and financial accounting.   Using vocabulary from the text make at least 3 comparisons between the two areas.   Compare job costing to process costing.  In your comparisons include information on the type of businesses that would use each of the costing systems.   What issues should be considered  when making decisions about outsourcing and eliminating […]

 

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Downhill Manufacturing produces snow skis in a two-step production process – cutting and laminating.

August 29, 2019 in /by

Downhill Manufacturing produces snow skis in a two-step production process – cutting and laminating.  The manufacturing center is supported by two service centers – a health clinic and a janitorial service.  The following table reveals certain facts about each activity:    Health clinic   Janitorial service   Cutting department   Laminating department Employees 2   […]

 

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