Outdoor Outfitters has created a flexible budget for the 70-000-unit a (1).docx

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Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity as shown below. Complete Outdoor Outfitters\'s flexible budget at the 126,800-unit level of activity. Assume that the cost of goods sold and variable operating expenses vary directly with sales and that income taxes remain at 30 percent of operating income. Solution Units Amount 70000 Y 80000 X Difference 10000 X-Y Variable price per unit (X-Y)/ 10000 Hence, total cost= Units*Variable cost per unit + Fixed cost .

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The cost of building a new high speed railway system is reported to be high at 25 billion. Does it neccesarily follow hat the high speed railway is not worth building? Solution The following factors should be considered besides only the cost of building the project- Land acquisition Railway projects require the land acquisition and also displacement of businesses and homes. Government has to work out fair compensation for those bearing the losses. Sometimes acquisition laws can be very complex. Allocating risk correctly The private sector also has to play a part in these projects This could be through system suppliers, construction companies, operating companies, rolling stock producers or private finance suppliers.Thus allocation of various risks has to be done correctly Securing funding Transport infrastructure is called a public good and the services are a benefit for a huge number of people. Thus, not only the financial returns but the social returns also need to be considered. A complete feasibility study should be done prior to starting this project. The other factors are- .

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The condition of a system as descriked by its properties A macroscopic characteristic of a system to which a numerical value can be assigned at a given time without knowledge of the previous behavior A property whose value is independent of the size or extent of a system and may vary from place to place within the system at any moment A region of space through which mass may flow Distinguishes the system from its surroundings Whatever is studied A transformation from one state to another A fixed quantity of matter A property whose value for an overall system is the sum of its values for the parts into which the system is divided Solution 1. Boundary: Distinguishes the system from its surroundings 2.Closed system: A macroscopic characteristic of a system to which a numerical value can be assigned at a given time without knowledge of the previous behavior. 3. Control Volume: A region of space through which mass may flow 4.Extensive property: A property whose value for an overall system is the sum of its values for the parts into which the system is divided. 5. Intensive property: A property whose value is independent of size and extent of a system and may vary from place to place within the system at any moment. 6. Process: A transformation from one state to other 7.property: whatever is studied 8. State: the condition of a system as described by its properties 9.Surroundings: everything external to the system 10. System: A fixed quantity of matter .

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The concept of the accounting entity is considered by some to be the most fundamental of all accounting concepts. Discuss the concept and its pervasiveness in all of accounting. Does the concept apply to units created by or under law? To all activities of an owner or group of owners? To the U.S. economy? Solution The answer is as follows: Unit created by or under Law: The units which are created by or under law are, partnerships, corporations, and sometimes sole proprietorships which are accounting entities. product line segment of an enterprise: The product line segments of an enterprize are departments, division, branch, profit center and cost center, which are treated as accounitng entities. The example taken into consideration is when a financial reporting was supported by SEC, Investors, members of accounting profession and financial executives. A combination of legal units: Large organisations submit the consolidated financial report for two or more legal entities which comprise a controlled and manages economic entity. The financial reports for a organisation which includes two or more product line segments will also be considered as a single legal entity in consolidated reports. All activities of the owner or a group of owners: Business enterprise is defined as seperate and distinct from other activities of owners but it can be defined as all the activities of the owner or group of owners. The example considered is when the financial statements for the individuals and financials of an individual estate. The Economy of United States: The National income accounts are compiled by the U.S. Department of Commerceand are reported on regular basis. .

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The computer revolution has altered the ways white-collar criminals commit crimes such as embezzlement, money-laundering, and identity theft. Describe these two ways and identify the various crimes involved. Describe which people these criminals target for their crimes. Solution Descriptions of these two are given below: 1. embezzlement: In this type of white-color crime, embezzlement can be done in terms of money as well as in land property also. Suppose you have a full trust on somebody and you have give the responsability to him, to take care of your land property. But after sometime that person broke you trust and start using the land for his own puprose then this is a type of land embezzlement. 2. money-laundering: You can think of money-laundering as a process where money making is done from suppose source X but its look like that money making source is Y. In money-laundering, criminals hide the original illegal source of income and they try to prove that income is coming from legal source. Criminals targets following peoples: 1. People with high profile image in society. 2. People with rich background 3. People with most shares and stacks. .

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The computation of a safe installment payment for the XYZ partnership resulted in only partner Z receiving cash. Which of the following statements is correct? I. Partner Z lent the partnership cash, and the partnership had to pay back the loan to Z before distributing cash to X and Y. II. After assuming all noncash assets were potentially worthless and that assumed capital deficits created in X\'s and Y\'s capital balances were losses to be allocated to Z; Z\'s capital balance was the only capital balance left with a credit. (Points : 1) I only II only Either I or II Neither I nor II Solution The answer for the above question would be: II only (Z before distributing cash to X and Y. II. After assuming all noncash assets were potentially worthless and that assumed capital deficits created in X\'s and Y\'s capital balances were losses to be allocated to Z; Z\'s capital balance was the only capital balance left with a credit ). Explanation for the Answer is provided below: Under safe installment payment system, cash is paid to the partner, who still has excess credit in his account at the time of liquidation. Here, Z received all the cash, which means that the amount of capital deficit in X and Y can be allocated to Z. In other words, the amount of deficit in the capital accounts of X and Y will be borne by Z. .

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The component that connects a devices (a computer) to the communication media is call a/an _____________. Solution 1. Ethernet card or Network Interface Card ( NIC) is the component that connects a device to the communication media. NIC is an expansion card that enables a device (computer) to connect to a network using an Ethernet cable with the help of RJ-45 connector. 2. Network Interface Card acts as an interface hardware that allows a device (computer) to interface with a network system. An example of network system can be LAN system. 3. NIC has a micro processor that takes care about communications that takes place from the computer. 4. Computer just gives the data to the NIC, NIC present in the computer works along with another NIC for proper data transmission, error handling. 5. Most of the computer systems have NIC directly builtin on motherboard. .

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The CEO of US Xpress wants to meet with your team and have you provide insight into how his company got into this \"plenty of data but not in a useful form\" mess. Further, he wants your suggestions on what US exppress can do moving forward regaurding the infrastructure in general and what you think are the next steps the company should take. The breakdown of this: How did Xpress get into \"plenty of data but not in a useful form\" mess? How can they improve their infrastructure? What steps should they take? Solution 1. The firm has gathered data form various sources like bankers, private institutions, and collection through telephone and e-mail. The firm has collected it from various sources and those dataâ€™s are collected for various purposes. The dataâ€™s are unprocessed and mixed. Thus, these plenty of data are not in a useful form. 2. Infrastructure can be improved in the following ways: 3. The steps that the following firm must take are as follows: .

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