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Business
AccountingManagerial Accounting: The Cornerstone of Business Decision-Making7th Edition

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Chapter 8, Problem 4MCQ
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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 11DQ
Problem 12DQ
Problem 13DQ
Problem 1MCQ
Problem 2MCQ
Problem 3MCQ
Problem 4MCQ
Problem 5MCQ
Problem 6MCQ
Problem 7MCQ
Problem 8MCQ
Problem 9MCQ
Problem 10MCQ
Problem 11MCQ
Problem 12MCQ
Problem 13MCQ
Problem 14MCQ
Problem 15MCQ
Problem 16BEA
Problem 17BEA
Problem 18BEA
Problem 19BEA
Problem 20BEA
Problem 21BEA
Problem 22BEA
Problem 23BEA
Problem 24BEA
Problem 25BEA
Problem 26BEB
Problem 27BEB
Problem 28BEB
Problem 29BEB
Problem 30BEB
Problem 31BEB
Problem 32BEB
Problem 33BEB
Problem 34BEB
Problem 35BEB
Problem 36E
Problem 37E
Problem 38E
Problem 39E
Problem 40E
Problem 41E
Problem 42E
Problem 43E
Problem 44E
Problem 45E
Problem 46E
Problem 47E
Problem 48E
Problem 49E
Problem 50E
Problem 51E
Problem 52E
Problem 53E
Problem 54P
Problem 55P
Problem 56P
Problem 57P
Problem 58P
Problem 59P
Problem 60P
Problem 61P
Problem 62P
Problem 63P
Problem 64P
Problem 65P
Problem 66P
Problem 67P
Problem 68C
Problem 69C
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Use the following information for Multiple-Choice Questions 8-3 through 8-5:

Sandy is considering moving from her apartment into a small house with a fenced yard. The apartment is noisy, and she has difficulty studying. In addition, the fenced yard would be great for her dog. The distance from school is about the same from the house and from the apartment. The apartment costs $750 per month, and she has 2 months remaining on her lease. The lease cannot be broken, so Sandy must pay the last 2 months of rent whether she lives there or not. The rent for the house is $450 per month, plus utilities, which should average $100 per month. The apartment is furnished; the house is not. If Sandy moves into the house, she will need to buy a bed, dresser, desk, and chair immediately. She thinks that she can pick up some used furniture for a good price.

8-4    Refer to the information for Sandy above. Which of the following is a qualitative factor?

  1. a. House rent of $450 per month
  2. b. Utilities for the house of $100 per month
  3. c. The noise in the apartment house
  4. d. The cost of the used furniture
  5. e. The last 2 months of rent in the apartment

To determine

Identify the option which represents the qualitative factors.

Explanation

Qualitative Factors:

Those factors that cannot be quantified easily are known as qualitative factors. The qualitative factors involve those factors that cannot be quantified in monetary terms such as political pressure and product safety.

c.

The noise in the apartment will be treated as a qualitative factor which influences Person S to shift from apartment to a small house. The noise in the apartment cannot be quantified in monetary terms. Therefore, this option is correct.

a.

The amount of $450 per month for the house rent will be considered as the relevant cost because it will affect the decisions of Person S in the future. Therefore, this option is incorrect.

b.

The utilities for the house of $100 per month are the additional costs that Person S will incur while shifting to the house from the apartment...

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Chapter 8 Solutions

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Ch-8 P-1DQCh-8 P-2DQCh-8 P-3DQCh-8 P-4DQCh-8 P-5DQCh-8 P-6DQCh-8 P-7DQCh-8 P-8DQCh-8 P-9DQCh-8 P-10DQ
Ch-8 P-11DQCh-8 P-12DQCh-8 P-13DQCh-8 P-1MCQCh-8 P-2MCQCh-8 P-3MCQCh-8 P-4MCQCh-8 P-5MCQCh-8 P-6MCQCh-8 P-7MCQCh-8 P-8MCQCh-8 P-9MCQCh-8 P-10MCQCh-8 P-11MCQCh-8 P-12MCQCh-8 P-13MCQCh-8 P-14MCQCh-8 P-15MCQCh-8 P-16BEACh-8 P-17BEACh-8 P-18BEACh-8 P-19BEACh-8 P-20BEACh-8 P-21BEACh-8 P-22BEACh-8 P-23BEACh-8 P-24BEACh-8 P-25BEACh-8 P-26BEBCh-8 P-27BEBCh-8 P-28BEBCh-8 P-29BEBCh-8 P-30BEBCh-8 P-31BEBCh-8 P-32BEBCh-8 P-33BEBCh-8 P-34BEBCh-8 P-35BEBCh-8 P-36ECh-8 P-37ECh-8 P-38ECh-8 P-39ECh-8 P-40ECh-8 P-41ECh-8 P-42ECh-8 P-43ECh-8 P-44ECh-8 P-45ECh-8 P-46ECh-8 P-47ECh-8 P-48ECh-8 P-49ECh-8 P-50ECh-8 P-51ECh-8 P-52ECh-8 P-53ECh-8 P-54PCh-8 P-55PCh-8 P-56PCh-8 P-57PCh-8 P-58PCh-8 P-59PCh-8 P-60PCh-8 P-61PCh-8 P-62PCh-8 P-63PCh-8 P-64PCh-8 P-65PCh-8 P-66PCh-8 P-67PCh-8 P-68CCh-8 P-69C

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