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As with relevant costs, irrelevant costs may be irrelevant for some situations but relevant for others. Examples of irrelevant costs are fixed overheads, notional costs, sunk costs and book values.

Additive Approach

•Consolidated net income is computed through an additive approach by adding together the parent's income from its own operations (i.e. excluding any income from consolidated...

I'm confused by your answer, can you please explain? As we always Debit / Exp and Credit / Cash (which we paid for any thing)

Thanks

I solved this question but found the same answer, don't know where is the problem.

May be this link could help you.

Retail Inventory Method: Definition and Much More from Answers.com

Which should be considered as Capital Expenditure?

1 - Pure research
2 - Applied research
3 - Development expenditure
4 - Machinery for research


I am revising my syllabus because EXAM IN...

Which should be considered as Capital Expenditure?

1 - Pure research
2 - Applied research
3 - Development expenditure
4 - Machinery for research


I am revising my syllabus because EXAM IN...

Thanks for reminding me. Actually I'm revising my syllabus if I can't solve some problem than put on this webiste so that I can find my problem solved. Even I anwer some question but never mind.
...

I've posted some question but still couldn't fine the answer. Can anyone help me?

Operating Profit ----------------------------- 648750
Interest Payable ---------------------------- (55000)
-----------
Profit before Tax...

The B/S of B, a ltd libability company, as at 31 Dec 2005 and 2006 showed proposed dividends of $600000 and $625000 respectively. The income statement for the year ended 31 Dec 2006 showed dividends...

Hey everyone

I am revising my syllabus because exam in June, so help me

A company has in issue 50000 8% prefrence shares of $1 each and 600000 ordinary shares of 25c each. The directors have...

"B" in the Total Operating Expenses

Sorry the requirement was "Based on these figures, what was the inventory figure at 31 Dec 2008"

The question is as same as I quoted. I tell you the answer that is $41800, don't know how?

My pray 4 everyone... GOD INCREASE EVERYONE'S KNOWLEDE

Hi,

I'm revising my syllabus because exam in June. Can someone will help me for this.


In the year ended 31 Dec 2008 BB made a GP of...

The new inventory system i.e. perpetual inventory system will help the business in following areas.

• Management/decision makers can have up-to-date position of stocks for making decisions like...

Sales 3710250
Slaes return 74200
Net sales 3636050 100%

Cost of sales

Opening inventory 752880
Purcases 2159630 ...

Suppose there are units of old style mobiles and they can be recycled for parts to avalue of $6.00. Explain how this should be reflected in the inventory valuations for the end of a period say 8 week.

I think Replacement Flooring would be considered as a Capitalized Expenditure because it's the part of the Premises that's asset.

During the year an extension was bulit on the Shop Premises. At the same time,the original shop was redecorated and the flooring was replaced. The cost for this work were as follows:

Decoration of...

Now it means, I was right. Thanks for the help.

Thanks a lot for assisting me.

Thanks a lot for assisting.

I don't know what are Bad Debts. Can someone explain with an example for me.

Detailed explination would be appreciated.


Thanks

I've done this way:

DR Wages 5000
DR Drawing 5000
CR Bank 10000

Now confirm for me is it right?

I appreciate your answer, thanks a lot.

Say Car is scrapped during the year ended (31/12/2003), Original Cost £7000 and had a net book value of £ 2000 as at 31/12/2002. The asset is not depreciated during the year of their disposal.

I...

I don't know have clear view about Allowances for Receivables and why business's need to make it?

Thanks

Because we r cost saving that's why I would recommend
Labour Hours for Product A
Machine Hours for Product B

A limiting assumption of cost-volume-profit analysis is that costs can be classified as fixed or variable.

The following expeses were paid out of the Bank Account:
£
Wages : 6,000
Drawings (see note below) : 10,000 ...

During the year an extension was bulit on the Shop Premises. At the same time,the original shop was redecorated and the flooring was replaced. The cost for this work were as follows:

Decoration of...