Acct 202 final ULL
Three sections of Cash Budget - ANS-cash receipts, cash disbursements, financing
3 sections of cash waft statement - ANS-working, investing, financing
Accept or reject - ANS-• Calculate internet profits for both options
(Rev- fees)
• FC are beside the point if plant NOT at ability
• if working at full capability, maximum probably reject order
Advantages of process order costing - ANS-More unique cost per unit
Provides extra useful information
Assigning jobs to production prices goes to a few categories... - ANS-Job value sheet, materials
requisition slip, predetermined OH Rate
authorized inventory - ANS-How many shares a employer is permitted to sell
Average issue rate in line with proportion of pref. Stock - ANS-Shares issued and authorized +
stocks issued and tremendous / # shares issued and authorized
Balance Sheet Presentation of SE - ANS-• PIC
1. Capital stock (pref. And commonplace)
2. Additional PIC
• RE
• unrealized profits and losses
• treasury stock (subtract)
Benefits of budgets - ANS-1) plan ahead
2) exact goals for comparing overall performance
three) early caution device for capability troubles
4) coordination of activities
five) management cognizance
6) motivates personnel
BEP in Sales dollars w/ multiple products - ANS-Step 1: calculate Sales mix for every dept.
(Sales price for dept. A / total sales charge)
Step 2: calculate CMR for every dept.
(CM of A/Sales of A)
, Step three: calculate the weighted avg CMR
(Sales blend % A x CMR A) + (Sales blend % B x CMR B) +...
Step 4: calculate BEP in income $
(FC/Weighted avg CMR)
Book fee formula - ANS-value - amassed depreciation
wreck-even factor - ANS-Revenues and charges identical
Budget - ANS-Written announcement of a management's plans for a particular destiny time
period
Serves as a manage tool
Uses historical accounting information
Cash Budget Formula - ANS-Beg. Cash stability + cash receipts = overall avail. Cash - coins
disbursements (itemized) = excess (deficiency) of avail cash over coins disbursements (+/-)
Financing = End coins balance
Cash dividend - ANS-Must have:
1) RE
2) ok coins
three) declaration of dividends by way of BOD
Characteristics of a Corperation - ANS-(Advantages)
1) separate prison life
2) Limited liability of stockholders
3) transferable ownership rights
four) potential to gather capital
five) non-stop lifestyles
(Disadvantages)
6) corporate control
7) Government policies
8) extra taxes
Characteristics of a sole proprietorship - ANS-1. The entity isn't a separate entity for most felony
purposes and for all tax purposes
2. Accounting equation: assets = liabilities + proprietor's equity
(Advantages)
three. Ease of formation
4. Owner continues complete manipulate of the commercial enterprise
5. Earnings of enterprise are handled as earnings to the proprietor, it isn't a taxable entity
(Disadvantages)
Three sections of Cash Budget - ANS-cash receipts, cash disbursements, financing
3 sections of cash waft statement - ANS-working, investing, financing
Accept or reject - ANS-• Calculate internet profits for both options
(Rev- fees)
• FC are beside the point if plant NOT at ability
• if working at full capability, maximum probably reject order
Advantages of process order costing - ANS-More unique cost per unit
Provides extra useful information
Assigning jobs to production prices goes to a few categories... - ANS-Job value sheet, materials
requisition slip, predetermined OH Rate
authorized inventory - ANS-How many shares a employer is permitted to sell
Average issue rate in line with proportion of pref. Stock - ANS-Shares issued and authorized +
stocks issued and tremendous / # shares issued and authorized
Balance Sheet Presentation of SE - ANS-• PIC
1. Capital stock (pref. And commonplace)
2. Additional PIC
• RE
• unrealized profits and losses
• treasury stock (subtract)
Benefits of budgets - ANS-1) plan ahead
2) exact goals for comparing overall performance
three) early caution device for capability troubles
4) coordination of activities
five) management cognizance
6) motivates personnel
BEP in Sales dollars w/ multiple products - ANS-Step 1: calculate Sales mix for every dept.
(Sales price for dept. A / total sales charge)
Step 2: calculate CMR for every dept.
(CM of A/Sales of A)
, Step three: calculate the weighted avg CMR
(Sales blend % A x CMR A) + (Sales blend % B x CMR B) +...
Step 4: calculate BEP in income $
(FC/Weighted avg CMR)
Book fee formula - ANS-value - amassed depreciation
wreck-even factor - ANS-Revenues and charges identical
Budget - ANS-Written announcement of a management's plans for a particular destiny time
period
Serves as a manage tool
Uses historical accounting information
Cash Budget Formula - ANS-Beg. Cash stability + cash receipts = overall avail. Cash - coins
disbursements (itemized) = excess (deficiency) of avail cash over coins disbursements (+/-)
Financing = End coins balance
Cash dividend - ANS-Must have:
1) RE
2) ok coins
three) declaration of dividends by way of BOD
Characteristics of a Corperation - ANS-(Advantages)
1) separate prison life
2) Limited liability of stockholders
3) transferable ownership rights
four) potential to gather capital
five) non-stop lifestyles
(Disadvantages)
6) corporate control
7) Government policies
8) extra taxes
Characteristics of a sole proprietorship - ANS-1. The entity isn't a separate entity for most felony
purposes and for all tax purposes
2. Accounting equation: assets = liabilities + proprietor's equity
(Advantages)
three. Ease of formation
4. Owner continues complete manipulate of the commercial enterprise
5. Earnings of enterprise are handled as earnings to the proprietor, it isn't a taxable entity
(Disadvantages)
