Questions from General Accounting


Q: Declining Market, Inc., is considering the problem of when to

Declining Market, Inc., is considering the problem of when to stop production of a particular product in its product line. Sales of the product in question have been declining and all estimates are th...

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Q: Access.Com produces and sells software to libraries and schools to

Access.Com produces and sells software to libraries and schools to block access to Web sites deemed inappropriate by the customer. In addition, the software also tracks and reports on Web sites visite...

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Q: Spa Ariana promotes itself as an upscale spa offering a variety of

Spa Ariana promotes itself as an upscale spa offering a variety of treatments, including massages, facials, and manicures, performed in a luxurious setting by qualified therapists. The owners of Spa A...

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Q: In the 1800s Australia was a colony of England and most of

In the 1800s Australia was a colony of England and most of its trade was with England. Australia primarily exported agricultural products such as wheat and imported manufactured goods such as steel, m...

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Q: Alliance Tooling produces a single product in its plant. At the

Alliance Tooling produces a single product in its plant. At the beginning of the year, there were no units in inventory. During the year, Alliance produced 120,000 units and sold 100,000 units at $26....

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Q: Silky Smooth lotions come in three sizes: 4, 8,

Silky Smooth lotions come in three sizes: 4, 8, and 12 ounces. The following table summarizes the selling prices and variable costs per case of each lotion size Fixed costs are $771,000. Current produ...

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Q: Webb & Drye (WD) is a New York City law

Webb & Drye (WD) is a New York City law firm with over 200 attorneys. WD has a sophisticated set of information technologies—including intranets and extranets, e-mail servers, th...

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Q: True Cost Manufacturing, Inc., manufactures and sells large business equipment

True Cost Manufacturing, Inc., manufactures and sells large business equipment for the office and business markets. The primary function of Manufacturing is to provide components and subassemblies for...

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Q: Scion Corp. manufactures earth-moving equipment. Department A303 produces

Scion Corp. manufactures earth-moving equipment. Department A303 produces a number of small metal parts for the equipment, including specialized screw products, rods, frame fittings, and some engine p...

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Q: A Swiss firm, Smythe and Yves (S&Y),

A Swiss firm, Smythe and Yves (S&Y), manufactures toiletries such as hand soaps, shampoo, conditioners, and a mouthwash that hotels purchase and place in the rooms for their guests. S&Y uses a...

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