Questions from General Accounting


Q: Talk2Me Communications manufactures headsets to make phones hands free. In 2020

Talk2Me Communications manufactures headsets to make phones hands free. In 2020, the entity produced 30 000 units, of which 24 000 were sold. The following costs were recorded for 2020. Direct materia...

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Q: Blue Hills Hospital is a major hospital that serves 11 small rural

Blue Hills Hospital is a major hospital that serves 11 small rural communities within a 40-kilometre radius. The hospital offers all the medical and surgical services of a typical small hospital. It h...

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Q: In recent years, slow response times and frequent repairs have plagued

In recent years, slow response times and frequent repairs have plagued Jetson Engineering’s computer system. The cause was a substantial increase in computer-aided design work that pushed the system b...

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Q: Watson University offers an MBA program that is widely respected around the

Watson University offers an MBA program that is widely respected around the world. The tuition fee for the program always covered the costs of the program until a recent recession increased the sensit...

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Q: Your friends have decided to organise a number of functions to raise

Your friends have decided to organise a number of functions to raise funds for a trek to a Himalayan base camp. The functions planned are: a cinema night; a disco at the local hotel; and a trivia nigh...

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Q: Identify the three categories of environmental indicators as outlined by ISO 14031

Identify the three categories of environmental indicators as outlined by ISO 14031.

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Q: James Denning wants to buy a caravan rental business in the inner

James Denning wants to buy a caravan rental business in the inner Melbourne suburb of Richmond. James spends $1 500 000 on the purchase of the business including caravans and further advertising and s...

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Q: Tracey has just started a new IT business and is thinking of

Tracey has just started a new IT business and is thinking of leasing a new luxury car. She has her sights on a BMW coupe. A lease company offers her a deal which comprises a $35 200 payment on deliver...

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Q: The directors of Summer and Rayne, a partnership of investors,

The directors of Summer and Rayne, a partnership of investors, have three independent investment projects before them for consideration. Each will cost $600 000 in the first instance. The net cash inf...

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Q: A company owned exclusively by residents in the New South Wales coastal

A company owned exclusively by residents in the New South Wales coastal community of Yamba is offered three projects for which the cash flows are as follows in thousands of dollars. The directors work...

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