Identify and discuss three assumptions relating to your expected revenue (salary), and three assumptions related to your expected costs (expenses) for the first year on the job.

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The labor supply curve   a. may slope either upward or downward, depending upon the real wage   b. slopes downward to illustrate that a decrease in the real wage decreases the number of individuals willing to work   c. slopes upward to illustrate that more people will want to work as the real wage increases   d. slopes upward to illustrate that changes in the real wage are directly proportional to changes in the nominal wage   e. slopes downward to illustrate that the availability of workers is directly proportional to the real wage

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Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?   I need an example with net income for weighted average

An analyst must be familiar with the concepts involved in determining income. The amount of in- come reported for a company depends on the recognition of revenues and expenses for a given time period. In certain cases, costs are recognized as expenses at the time of product sale; in other situations, guidelines are applied in capitalizing costs and recognizing them as expenses in future periods. Explain the rationale for recognizing costs as expenses at the time of product sale. What is the rationale underlying the appropriateness of treating costs as expenses of a period instead of assigning the costs to an asset? Explain. Under what circumstances is it appropriate to treat a cost as an asset instead of as an expense? Explain. Certain expenses are assigned to specific accounting periods on the basis of systematic and rational allocation Identify the conditions necessary to treat a cost as a loss.

Use the following information to answer the questions that follow. A. Calculate the operating income percentage for each of the courses. Comment on how your analysis has changed for each course. B. Perform a vertical analysis for each course. Based on your analysis, what accounts would you want to investigate further? How might management utilize this information? C. Which method of analysis (using a dollar value or percentage) is most relevant and/or useful? Explain

Walsh & Coggins, a professional accounting firm, collects cost information about the services they provide to their clients. Describe the types of cost data they would collect and explain the importance of analyzing this cost data.

Accounting Question

If a company fully allocates all of its overhead costs to jobs, does this guarantee that a profit will be earned for the period?