CH07 Quiz – Bioclean Co.
Managerial Accounting
Wild and Shaw
07th Edition
How many units should be purchased in February?
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How many units should be purchased in February?
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What are the budgeted materials purchases?
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Gives you the discount percentage, the discounted price, the annual lease payments, the equipment construction price, and retail fair value. Asks for the interest revenue that should be reported.
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Given the net income for year four, the cost of goods sold in year three, and net income for years one through three… prepare a journal entry for the changing principle along with the amounts that the will be reported for net income in comparative income statements.
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Record transactions and payment. Inventory, accounts payable, cost goods sold, revenue, etc.
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Given the current age, age wanted to retire, and average % of stock market growth in the past 80 years, find how much you will have after investing X amount of money.
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Given the cost from each of two stores, the discount rate, find the present values and which store should purchase from.
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They give you several contingency possibilities and ask you to determine the correct way to report them along with preparing appropriate journal entries.
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Given the amount land was purchased for, the commissions, the property taxes, the title insurance, the back taxes, and the current year taxes… determine the amount that the land would be recorded as.
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Given the amount that equipment was purchased for, the transportation cost, the sales tax, and the installation cost… determine the cost that equipment should be recorded.
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