"Number of new products developed" would be a key performance indicator (KPI) for which of the four balanced scorecard perspectives?
b. Internal business
d. Learning and growth..
(a) All purchases and sales were on account.
(b) Equipment costing $10,000 was sold for $3,000; a loss of $1,000 was recognized on the sale.
(c) Among other items, the operating expenses included depreciation expense of $7,000; interest expense of ..
(a) Assuming no Fair Value Adjustment (available-forsale) account balance at the beginning of the year, prepare the adjusting entry at the end of the year if Laura Company’s available-for-sale securities have a fair value $60,000 below cost.
(a) Bonita Company ships merchandise to Myan Corporation on December 30. The merchandise reaches the buyer on January 5. Indicate the terms of sale that will result in the goods being included in (1) Bonita’s December 31 inventory and (2) Myan’s Dece..
(a) Describe the methods for establishing and maintaining an allowance for bad debts account.
(b) How would the percentages used in estimating uncollectible accounts be determined under each of the methods?..
(a) Determine the ending inventory under the conventional retail method for the furniture department of Mayron Department Stores from the following data.
(b) If the results of a physical inventory indicated an inventory at retail of $295,000, what i..
(a) Explain the basic features of a standard cost accounting system.
(b) What type of balance will exist in the variance account when
(1) The materials price variance is unfavorable and
(2) The labor quantity variance is favorable?..