Abida Archive
Review Problem 2: Comparison of Capital Budgeting Methods Lamer company is studying a project that would have an eight-year life and require a $2,400,000 investment in equipment. At the end of eight years, the project would terminate and equipment would have no salvage value.
Common Size Statements Definition: Common size statement is a statement that shows the items appearing on it in percentage form as well as in dollar form. On the income statement, the percentages are based on total sales revenue; on the balance sheet, the percentages
Common Cost Definition: A common cost is a cost that is common to a number of costing objects but cannot be traced to them individually. For example, the wage cost of the pilot of a 747 airliner is a common cost of all of
Committed Fixed Cost Definition: Committed fixed costs are those fixed costs that are difficult to adjust and that relate to the investment in facilities, equipment, and the basic organizational structure of a firm.
Code of Conduct for Management Accountants: Learning objectives of this article: What are the standards of ethical conduct for practitioners of management accounting and financial management Practitioners of management accounting and financial management have an obligation to the public, their profession, the organization they
Closed System Definition: Closed system is a system that is not influenced by or do not interact with its environment.
Characteristics and Procedure of Process Costing System: The characteristics of process costing system: A cost of production report is used to collect, summarize and compute total and unit costs. Production is accumulated and reported by departments. Costs are posted to departmental work in process
Characteristics of Joint Products and Joint Cost: Many products or services are linked together by physical relationships which necessitate simultaneous production. To the point of split-off or to the point where these several products emerge as individual units, the cost of the products forms
Effect of Change in Variable Cost and Sales Volume on Contribution Margin and Profitability: Learning Objectives: What is the effect of change in variable cost and sales volume on contribution margin and profitability. The following data is used to show the effects of changes
Effect of Change in Variable Cost, Fixed Cost and Sales Volume on Contribution Margin and Profitability: Learning Objectives: What is the effect of change in variable cost, fixed cost and sales volume on contribution margin and profitability? The following data is used to show
Effect of Change in Regular Sales Price on Contribution Margin and Profitability: Learning Objectives: What is the effect of changing regular sales price on the contribution margin and profitability of the firm? The following data is used to show the effect of changes in
Effect of Change in Fixed Cost and Sales Volume on Contribution Margin and Profitability: Learning Objectives: What is the effect of change in fixed costs and sales volume on contribution margin and profitability? The following data is used to show how changes in fixed costs
Effect of Change in Fixed Cost, Sales Price and Sales Volume on Contribution Margin and Profitability: Learning Objectives: What is the effect of change in fixed cost, sales price and sales volume on contribution margin and profitability? The following data is used to show
Causes of Depreciation: Learning Objectives: What are the causes of definition? The main causes of depreciation may be divided into two categories, namely: Internal Cause and External Causes Internal Causes: Depreciation which occurs for certain inherent normal causes, is known as internal depreciation. The
Cash Flow Statement Definition: Cash flow statement is a financial statement that highlights the major activities that directly and indirectly impact cash flows and hence affect the overall cash balance.
Absorption Costing Definition: Cash equivalents are short-term, highly liquid investments such as treasury bills, commercial paper, and money market funds that are made solely for the purpose of generating a return on funds that are temporarily idle.
Cash Discount Definition: It is an allowance or deduction allowance by a creditors to a debtor. In other words, cash discount is an allowance made by the supplier or creditor when the purchaser pays his account at once or within the period of credit
Cash Budget Definition: A detailed plan showing how cash resources will be acquired and used over some specific time period. Click here to read full article about cash budget