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15 Cards in this Set
- Front
- Back
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What amount would be reported for sale of land that had appreciated in value. (ie. cost less than the selling price)
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What it's sold for
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Vertical analysis
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Percentage of sales
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Horizontal analysis
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Last year to this year
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Solvency means..
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how you can pay your debts
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Leverage means...
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how musch debt you have
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Current ratio
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Liquidity of current assets to current liabilities
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What would an increase in the collection of Accounts Receivable do to the Accounts Receivable Turnover?
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It would increase
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Price/Earning?
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(Stock)(What it earns)
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Primary criterion for managerial reports
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Meet managers needs
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3 costs of manufactured products
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Direct materials, direct labor, and FOH
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Journal entry for direct materials into production
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Debit Work in Process, Credit direct materials
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Product cost treated ass what type of account until sold
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Asset
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3-Cost behavior classifications
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Fixed, variable, mixed
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Identify cost behavior
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Cost changes in relation to activity base
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Relevant Range used for...
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Operating decisions
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