Vaughn manufacturing is a private camping ground near the mount miguel recreation area. it has compiled the following financial information as of december 31, 2017. service revenue (from camping fees) $168,960 dividends $11,520 sales revenue (from general store) 32,000 notes payable 64,000 accounts payable 14,080 expenses during 2017 161,280 cash 10,880 supplies 7,040 equipment 145,920 common stock 51,200 retained earnings (1/1/2017) 6,400 determine vaughn manufacturing’s net income for 2017. vaughn manufacturing’s net income for 2017 $enter a net income amount

Employees who are paid to complete a task, such as build a house, are paid on a(n) basis

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):