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ACC 100 Lecture 1: Chapter one filled in from lecture

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13 Feb 2017

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Ryerson University

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Document Summary

Understanding how a textbook is structured may seem ridiculous to cover but this textbook is interactive so make sure you read the following: videos: a portion of this course is taught through videos. That means that the content from the videos is testable on either the midterm or the final examor both! In addition, this content will not be taught in class. To help you learn from videos the textbook has questions (and spaces for answers), embedded in the textbook. You need to answer these questions while watching the videos: blast from the past: starting in chapter 2 there is/are question(s) at the front of every chapter that test your knowledge of concepts from the previous chapters. Be sure you can answer these questions as they are concepts that you need to understand in order to move forward in the new chapter.

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Related Questions

Could you help me with my accounting essay?

Note:

1.Answer the following questions in essayformat.

2.The essay must include an introduction, body, andconclusion, and address all relevant parts of each question. Yourresponse should be a minimum of 300 words in length. Make sure tocite any references you use. At a minimum, you must cite yourtextbook. Proper citation format for a reference includes the nameof the author(s), the title of the work, the date of thepublication, and the page number.

Cost-Volume-Profit Analysis

Suppose you have decided to start a business producing andselling a product of your choice from the following options: custombirthday cakes, lawn mowers or sport jackets.

For your essay, answer the following questions related to yourproduct:

Briefly describe the product you would produce and sell. Whatmarket will you target this product for? At what price would yousell your product? Make a projection of your sales in units for thefirst year of operations.

Make a detailed list of the materials needed to make yourproduct. (Use the textbook and/or outside research as necessary.)How much in materials will you need for the year? What is the costof these materials?

Make a list of expenses you would incur in your businessventure. (Use the textbook and/or outside research as necessary.)Examples include rent, utilities, insurance, direct labor,manufacturing overhead costs and so on. Estimate the cost of eachof these expenses per year.

Classify all of your expenses as either fixed or variable, andcalculate how many units of your product you would need to sell tobreak even.

How much operating income would you like to earn in the firstyear? Calculate how many units you would need to sell to meet yourtarget profit.

How realistic is your potential venture? Do you think yourtarget profit is achievable? Explain.

Could you help me with my accounting essay?

Note:

1.Answer the following questions in essayformat.

2.The essay must include an introduction, body, andconclusion, and address all relevant parts of each question. Yourresponse should be a minimum of 300 words in length. Make sure tocite any references you use. At a minimum, you must cite yourtextbook. Proper citation format for a reference includes the nameof the author(s), the title of the work, the date of thepublication, and the page number.

Cost-Volume-Profit Analysis

Suppose you have decided to start a business producing andselling a product of your choice from the following options: custombirthday cakes, lawn mowers or sport jackets.

For your essay, answer the following questions related to yourproduct:

Briefly describe the product you would produce and sell. Whatmarket will you target this product for? At what price would yousell your product? Make a projection of your sales in units for thefirst year of operations.

Make a detailed list of the materials needed to make yourproduct. (Use the textbook and/or outside research as necessary.)How much in materials will you need for the year? What is the costof these materials?

Make a list of expenses you would incur in your businessventure. (Use the textbook and/or outside research as necessary.)Examples include rent, utilities, insurance, direct labor,manufacturing overhead costs and so on. Estimate the cost of eachof these expenses per year.

Classify all of your expenses as either fixed or variable, andcalculate how many units of your product you would need to sell tobreak even.

How much operating income would you like to earn in the firstyear? Calculate how many units you would need to sell to meet yourtarget profit.

How realistic is your potential venture? Do you think yourtarget profit is achievable? Explain.

coffeewombat276

Could you help me with my accounting essay?

Note:

1.Answer the following questions in essayformat.

2.The essay must include an introduction, body, andconclusion, and address all relevant parts of each question. Yourresponse should be a minimum of 300 words in length. Make sure tocite any references you use. At a minimum, you must cite yourtextbook. Proper citation format for a reference includes the nameof the author(s), the title of the work, the date of thepublication, and the page number.

Cost-Volume-Profit Analysis

Suppose you have decided to start a business producing andselling a product of your choice from the following options: custombirthday cakes, lawn mowers or sport jackets.

For your essay, answer the following questions related to yourproduct:

Briefly describe the product you would produce and sell. Whatmarket will you target this product for? At what price would yousell your product? Make a projection of your sales in units for thefirst year of operations.

Make a detailed list of the materials needed to make yourproduct. (Use the textbook and/or outside research as necessary.)How much in materials will you need for the year? What is the costof these materials?

Make a list of expenses you would incur in your businessventure. (Use the textbook and/or outside research as necessary.)Examples include rent, utilities, insurance, direct labor,manufacturing overhead costs and so on. Estimate the cost of eachof these expenses per year.

Classify all of your expenses as either fixed or variable, andcalculate how many units of your product you would need to sell tobreak even.

How much operating income would you like to earn in the firstyear? Calculate how many units you would need to sell to meet yourtarget profit.

How realistic is your potential venture? Do you think yourtarget profit is achievable? Explain.