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2 years ago

Distinguish between financial and cost accounting.

1 answer:

4 0

Cost accounting compiles the cost of raw materials, work-in-process, and finished goods inventory, while financial accounting incorporates this information into its financial reports (primarily into the balance sheet). ... Financial accounting personnel issue reports only at the end of a reporting period.

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A company with shallow product line depth and broad product line breadth would have which of the following? Select one: a. few p

LiRa [457]

Answer: A- few product lines with many items in each

Explanation: A company with shallow product line depth and broad product line breadth would have few product lines with many items in each.

This means that a shallow product line depth is a few product lines. The company has limited variety of product.

While the broad product line breadth means that the company has many items available.

3 0

3 years ago

Read 2 more answers

True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan

goldenfox [79]

A.( true because of each year

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2 years ago

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A professional office center is purchased for $475,000. The land value is 20% of the total acquisition cost. What is the annual

Vika [28.1K]

Answer:

$9,744

Explanation:

In the case of the annual IRS depreciation deduction, the time period for each category assets are different. Like for commercial real estate, the time period is 39 years, for residential real estate, it would be 27.5 years.

The computation is shown below:

= (Purchase value of professional office center × remaining percentage) ÷ (applicable time period)

= ($475,000 × 80%) ÷ (39 years)

= ($380,000) ÷ (39 years)

= $9,744

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3 years ago

Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expectin

Svetllana [295]

40,000x(1.02^40)=$88,322

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3 years ago

A two-year bond with par value $1,000 making annual coupon payments of $99 is priced at $1,000.

iVinArrow [24]

Answer:

(a) 9.9%

(b) 10.09%

The further explanation is given below.

Explanation:

The given values are:

Coupon payment

= $99

Price

= $1,000

(a)

The Yield to maturity (YTM) will be:

= $\frac{C+\frac{F-P}{n} }{\frac{F+P}{2} }$

where,

C = Coupon payment

P = Price

n = years to maturity

F = Face value

On putting the estimated values is the above formula, we get

⇒ $99+\frac{0}{1000}$

⇒ $.099$

⇒ $9.9$ %

(b)

Although the 1st year coupon was indeed reinvested outside an interest rate of r%, cumulative money raised will indeed be made at the end of 2nd year.

= $[99\times (1 + r)] + 1,099$