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As EEC's corporate business financial analyst, you will be required to provide the EEC board of directors and executive management team with essential financial information on the management of the EEC enterprise. In a memo to the board of directors, discuss the information found in each of the following financial statements and how that information is used for the planning, controlling, and decision making of the company. Also, discuss what some of the reports and ratios are that the following financial statements can help you develop. (As you analyze the statements listed below, keep in mind that these statements are the foundation of financial accounting and are developed from transactions that happened during the time period of the statement. This information is used by external users as well as internal users. Managerial accounting focuses on the use from the internal user perspective. The information from these statements is used to analyze and establish budgets, forecast, variance reports, and ratios, among other things, with the key being that they are only used internally).
Project is on the Coca-Cola Company
China Company issued $1,000,000 of6-year, 12% bonds, effective interest rate is13%. The bonds were purchased by USA Co. on theissue date at the issue price. Present entries to record the following transactions:
apollo company manufactures a single product that sells for 168 per unit and whose total variable costs are 126 per
Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?
Construct a single month's cash budget with the information given. What is the average cash gain or (loss) during a typical month for Chadmark Corporation?
the following ransactions occured for london eningeering july 2 paid utilities expense for 400 5 purchased equipment on
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cortez art gallery is adding to its existing buildings at a cost of 2 million. the gallery expects to bring in
In the United States, about one in every four companies uses variable costing for internal reporting purposes. These companies must make adjustments to these reports for external-reporting purposes. Explain.
carolina company had the following information month budgeted sales june 68000 july 72000 august 74000 september 76000
given the following data calculate the cost of ending inventory using weighted average method rounding to the nearest
during the current year the harlow corporation which specializes in commercial construction has the following property
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