247 Answered Questions for the topic Managerial Accounting

Managerial Accounting

09/26/20

Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks.
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 159,000 kilometers during a year, the average operating cost is... more
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Managerial Accounting Accounting Financial Accounting

08/28/20

Accounting Equation

Accounting Equation Shannon Cook is the stockholder and operator of You're A Star LLC , a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has... more
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Managerial Accounting Accounting Financial Accounting

08/28/20

Cost Principles
On June 25, Repair Service extended an offer of $141,000 for land that had been priced for sale at $161,000, On July 9, AAA Repair Service accepted the seller's counteroffes of $153,900. On October... more
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Managerial Accounting Accounting Finance Financial Accounting

08/24/20

ANSWER THE FOLLOWING MANAGEMENT ACCOUNTING QUESTION.
SK Corporation has provided the following miscellaneous information regarding the operations of financial year 2020; shSales... more
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Managerial Accounting Accounting Finance Financial Accounting

08/24/20

PLEASE HELP!..! '_'
SK Corporation has provided the following miscellaneous information regarding the operations of financial year 2020; shSales... more
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Managerial Accounting Business Accounting Financial Accounting

06/25/20

Accounting Question: Inventory Balance
The transactions listed below are typical of those involving Amalgamated Textiles and American Fashions. Amalgamated is a wholesale merchandiser and American Fashions is a retail merchandiser.... more
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Managerial Accounting Art Business Accounting

05/30/20

Please give me a clear concept about it.
Discuss the need of database logical structures and their significance in effective management of database.
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Managerial Accounting Business Accounting Finance

05/29/20

Please solve this Accounting problem.
The unit selling price and unit production costs of Silver Craft Ltd were as follows for the month of April 2019:-Selling price Rs120Direct materials Rs22Direct labour Rs17Variable... more
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Managerial Accounting Business Business finance

05/06/20

True or false question
Holden just learned that several people in New Hampshire needed to be treated for food poisoning after eating peanut butter that was produced and jarred in his plant. As he walks the back stairs at... more
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03/18/20

PREPARE A PROPERLY CLASSIFIED BALANCE SHEET AD MULTIPLE STEP INCOME STATEMENT

Restaurant revenue- Credit 1,000Cost of restaurant revenue- Debit 200Telephone expenses- Debit 100Cash- Debit 500Accounts Receiveable- Debit150Supplies Inventory-Debit 20LAnd- Debit 200Building,... more
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03/18/20

Hi! Please help me define some accounting terms
a more descriptive title for the balance sheet another name for income statement 2 synonyms for the owner's equity What is the function of an income statement What is the function of a balance... more
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Managerial Accounting

03/12/20

What is the per gallon price of gasoline in real terms at which you just break even?

You are running a cab business and your current cab fleet is expected to produce $250,000 per year (fixed in nominal terms) in revenues (after labor costs) for the next two years (1 and 2). Your cab... more
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Managerial Accounting

02/10/20

If James were twice as old as he is now, he'd be three times as old as he was three years ago. How old is James now?
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12/24/19

Identify variables ,fixed and simi variables

RevenueFood and beverageCateringConcessionsRoom rental & feesOtherTotal revenueCost of goods soldGross profitOperating exp. :Salaries and wagesFull time salaries (fixed)Part time wages... more
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12/16/19

A fixed asset with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?

 A. $3,500 gain B. $1,000 gain C. $1,000 loss D. $2,500 loss C. $3,500 loss D. $2,500 gain
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Managerial Accounting

11/02/19

The total cash collection budget for January
The LaPann Company has obtained the following sales forecast data:July August September OctoberCash sales $80,000 $ 70,000 $ 50,000 $ 60,000Credit sales $240,000 $220,000 $180,000 $200,000The... more
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Managerial Accounting Accounting Finance Financial Accounting

10/26/19

accounting question
On January 1st, 2018, Dr. Marcie Cousins established Health-Wise Medical, a medical practice organized as a proprietorship. The following conversation occurred the following August between Dr.... more
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Managerial Accounting Accounting Finance Financial Accounting

10/21/19

Could you tell me which ones are revenues and which ones is expenses?
Accounts payable $1,200   Miscellaneous expense $490 Accounts receivable 10,340   Office expense 380 Cash 32,320   Supplies 1,670 Fees earned 75,630   Wages... more
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Managerial Accounting

10/14/19

Hjsjahhhhhhhhhh
five times antonios age plus 3 times kims age equals 56. kims age is also 3 times antonios age. how old is kim ?
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Managerial Accounting Accounting

07/20/19

​RyRy, Inc. manufactures dance apparel. Unit sales projections for the first five months of the upcoming year are as​ follows:
Month Unit Sales January 3,500 February ​3,800 March ​3,300 April 5,000 May                       ​5,000 Beginning finished goods inventory consisted of 850 units. The desired... more
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Managerial Accounting Accounting

07/20/19

​RyRy, Inc. manufactures dance apparel. Unit sales projections for the first five months of the upcoming year are as​ follows:

Month Unit Sales January 3,500 February ​3,800 March ​3,300 April 5,000 May                       ​5,000 Beginning finished goods inventory consisted of 850 units. The desired... more
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Managerial Accounting

06/21/19

Why isn't the retained earnings of a public company always distributed back to the shareholders?
Shareholders own a public company, so why shouldn't all of a company's income be distributed back to them? Why are dividends (if any) just a small fraction of a company's retained earnings?
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Managerial Accounting

06/20/19

Liquidity and Prices?
Do fewer transaction costs and higher liquidity relate to lower market prices? Are there any good resources that deal with these topics in more detail?
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Managerial Accounting

06/15/19

What is the meaning of realization in finance?
The definition of "realization" is well defined by multiple sources in accounting terms while we google it. But, can someone explain in terms of real life example that suits the meaning of... more
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Managerial Accounting

06/14/19

When does a public company report a balance sheet?
As 31st March is the last day of the financial year in India. I was browsing some data and found that there are many companies that have not reported their balance sheets for 2013-2014. Is there a... more
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