What is the difference between industrial projects and afilm company? The main difference between industrialproject finance and movies made by a film company isthat in most firms most people who work on a projectare employees, whereas, film cast and crew membersare generally contract workers. • There is no difference,except that industrial projects refer to project in a non-entertainment industry.

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Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process

Section: Chapter Questions

Problem 6Q

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Similar questions

The income statement of a service-sector firm reports: both period and inventoriable costs a O inventoriable costs only .b O period costs only .R period and inventoriable costs but at different times; the reporting varies dO
Which of the following is NOT an objective of determining product costs for manufacturing firms? A) To determine selling prices B) to reduce operating leverage C) to make decisions D) to do financial reporting
Manufacturing companies are not required to allocate joint-process costs in the valuation of inventories and cost of goods sold for O a. financial reporting. O b. tax reporting. c. managerial reporting. O d. All of the above.
Which one of the following is an example of a discretionary fixed cost? O a. The property taxes of the factory plant. O b. The cost of the accounting system of the company. Oc The depreciation cost of the Headquarters offices. Od. The salary of the deputy manager of the factory plant. Oe None of the given answers. CLEAR MY CHOICE
A company believes that it is subject to scrutiny by particular interest groups such as employee unions because it is earning expensive profits. Do you think that this might influence whether the company prefers to recognise revenue over time for its construction contracts, or whether it would prefer to defer profit recognition until the completion of the project? Using this case, discuss whether it be appropriate to recognise revenue at completion of production rather than at the point of sale?
In the context of business finance, the expression ‘agency costs’ relates to: Group of answer choices part of the costs of travel by the business’s staff. the cost of advertising the business’s products. the cost to shareholders of managers not acting in the shareholders’ best interests. the costs of employing temporary managerial staff.
Many outsourced jobs have resulted in offshoring jobs, rather than using domestic outsourcing. If a U.S. company wants to offshore a service like customer service, for example, what are some of their considerations? In your answer, address offshoring disadvantages as compared with domestic outsourcing.
Which one of the following statements is TRUE? O a. An example of an agency relationship is when a supervisor hires a forklift operator. b. An example of an agency cost is when the board of directors pays a dividend to shareholders. • c. An example of an agency relationship is when a private individual hires a lawyer to prepare her defense d. An agency cost is the wage required to pay someone who is hired to perform a service. e. The supervisor-emplovee relation between a production line supervisor and a production line operator is
Which of the following are parts S,G&A for General Motors? Cost of purchasing assembly line robots Cost of steel and aluminum Salaries of workers on assembly line Salaries of marketing/advertising people Interest expense on bonds Cost of insurance for headquarters Federal income tax Salary of CFO
How would cost accounting information help managers in a not-for-profit organization? Is it as important as in a publicly traded, for-profit firm?
Please solve this question in detail and please provide atleast 1 refrence Question : A company believes that it is subject to scrutiny by particular interest groups such as employee unions because it is earning excessive profits. Do you think that this might influence whether the company prefers to recognise revenue over time for its construction contracts, or whether it would prefer to defer profit recognition until the completion of the project? Using this case, discuss whether it be appropriate to recognise revenue at completion of production rather than at the point of sale? (word limit 500)
For the following descriptions state whether the cost is controllable or uncontrollable by responsibility center managers. A. property tax of an existing manufacturing facility B. research and development of a product C. advertising of a product D. insurance cost of the existing manufacturing facility E. design of a product

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