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Textbook Notes for General Business ACC212 at Seneca College

SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 7: Skimmed Milk, Condensed Milk, Opportunity Cost

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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 2: Behaviorism

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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 10: Human Behaviour

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Base budget goals on past performance: collect data from organizational units, begins several months before end of current year. Develop budget within
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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 1: Management Accounting

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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 2: Behaviorism, Variable Cost, Fixed Cost

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The activity level selected is called the activity (or volume) index, identifies the activity that causes changes in the behaviour, allows costs to be
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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 10: Budget, Income Statement

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Contains two classes of budgets: operating budgets: Individual budgets that result in the preparation of the budgeted income statement establish goals
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SENECAGeneral Business ACC212Seanna JohnsonFall

ACC212 Chapter 10: 10 5

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Often considered to be the most important output in preparing financial budgets. Cash disbursements section: includes expected cash payments for direct
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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 6: Contribution Margin, Fixed Cost, Earnings Before Interest And Taxes

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Contribution margin is sales revenue less variable expenses. sales revenue less fixed and variable expenses. fixed expenses less variable expenses. sal
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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 2: Financial Statement

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Define the three classes of manufacturing costs and differentiate between product costs and period costs. Explain variable, fixed and mixed costs and t
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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 2: Behaviorism, Variable Cost, Fixed Cost

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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 7: Income Statement

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If champ is eliminated, allocate its ,000 fixed costs: 2/3 to pro and. Incremental analysis of champ provides the same results (,000 - ,000) They shoul
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SENECAGeneral Business ACC212Seanna JohnsonFall

General Business ACC212 Chapter Notes - Chapter 10: Budget, Fixed Cost, Income Statement

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