Entries by mary WAMBUGU

The following are key terms relating to the concept oF a contribution income statement reporting Format:Determine which oF the Following descriptions is best associated with each oF the above terms:This amount is subtracted From the contribution margin to fnd the controllable contribution margin.

August 28, 2019 in /by

General corporate costsContribution marginControllable contribution marginNon-traceableSegment marginControllable fxed costsNet incomeUncontrollable fxed costs(a)These are subtracted From the segment margin to arrive at net income.(b)This amount is useFul in evaluating management perFormance For a unit.(c)This is the result oF subtracting all variable costs From revenues.(d)This is a measure oF business viability.(e)This result would not relate to any […]

 

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On 1/1/2015, Starburst Company issued 10-year bonds with a face value of $500,000 at 102. The binterest payable semi-annually on January 1 and July 1. Starburst uses the straight-line method of a

August 28, 2019 in /by

On 1/1/2015, Starburst Company issued 10-year bonds with a face value of $500,000 at 102. The binterest payable semi-annually on January 1 and July 1. Starburst uses the straight-line method of a(a) Prepare the journal entry to record the issuance of the bonds.(b) Prepare the journal entry to record payment of interest on July 1, […]

 

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STEP 1. SELECT A SOFTWARE PACKAGE You may do this one of several ways. 1. Use Sage 50. You can download the software from the following link

August 28, 2019 in /by

ACCT 326 Writing Assignment #2 OVERVIEW OF PROJECT This project requires you to evaluate a PC-based accounting system to see how the system handles recording transactions, collecting data, and generating reports and information. The accounting system you use is up to you. Several suggestions are given below. STEP 1. SELECT A SOFTWARE PACKAGE You may […]

 

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The focus of business decision making is to identify “relevant” items – those where future costs and revenues are expected to diFer between alternatives under consideration. Examine the following listing, and apply your best judgment to identify if the item is “relevant.”

August 28, 2019 in /by

The focus of business decision making is to identify “relevant” items – those where futurecosts and revenues are expected to diFer between alternatives under consideration.Examine the following listing, and apply your best judgment to identify if the item is”relevant.”The cost of a prior paint job, in a decision to repaint abuilding.The original investment cost in […]

 

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