Close of the budget period

Assignment Help Accounting Basics
Reference no: EM131017858

Surveying the accounts payable records, a clerk in the controller's office noted that expenses appeared to rise significantly within a month of the close of the budget period. The organization did not have a seasonal product or service to explain this behaviour. Can you suggest an explanation? (hint: explain why it happens and identify its negative impacts to the organizations).

Reference no: EM131017858

Questions Cloud

Close of the budget period : Surveying the accounts payable records, a clerk in the controller's office noted that expenses appeared to rise significantly within a month of the close of the budget period.
Find the equilibrium price and quantity of ice cream : Consider the ice cream market in Madison. In July, the ice cream market demand and supply curves are given by the following equations where Q is the quantity of  ice cream units and P is the price in dollars per unit of ice cream, Find the equilib..
Differences between male and female math scores : Plot the four separate time series and describe any trends in the separate time series. Do the trends appear to imply a narrowing in the differences between male and female math scores?
Compute the amount of depreciation for each of years : Compute the amount of depreciation for each of Years 1 through Years 3 using the straight-line depreciation method and the double declining balance method.
Close of the budget period : Surveying the accounts payable records, a clerk in the controller's office noted that expenses appeared to rise significantly within a month of the close of the budget period. The organization did not have a seasonal product or service to explain ..
What is an alternative to incarcerating them : What is an alternative to incarcerating them? Describe how you would handle this type of problem without incarceration, and give reasons supporting why your solution would be more cost-effective and prone to rehabilitation. Be sure to reference al..
Find the market demand curve for iphone6 phones : In a new graph find the market demand curve for iPhone6 phones assuming that the only demanders of these phones areAT&T, T-mobile and Verizon
What is the return shareholders are expecting : Expected Return Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. At a current stock price of $44.12, what is the return shareholders are expecting? (LG8-5)
What are the intercepts on the x-axis and the y- axis : What are the intercepts on the X-axis and the Y- axis for these two equations? Draw the graph of the two straight lines, and show graphically the graph of what you get when you add these two straight lines horizontally

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  At the beginning of the current year health company had

at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the

  Last year burford companys cash account decreased by 28000

last year burford companys cash account decreased by 28000. net cash used in investing activities was 8300. net cash

  Compute the cash flow for gerry

Gerry Co. has a gross profit of $1,200,000 and $400,000 in depreciation expense. Selling and administrative expense is $250,000. Given that the tax rate is 40 percent, compute the cash flow for Gerry Co

  Drives costs at salem data services

Drives costs at Salem Data Services

  Reflect fair market value

Many non-accounting types argue that the cost concept is of little value because it does not reflect fair market value. What do you think?

  Arrow industries employs a standard cost system in which

arrow industries employs a standard cost system in which direct materials inventory is carried at standard cost. arrow

  Estimating the international factors

This week, you will identify and detail the potential international players, including the role of the Department of State, President Obama's SWB Security Bill, the Merida Initiative, and support by nongovernmental organizations (NGOs), along with..

  Calculate the cost of one unit of product under absorption

in the coming year imre company expects to sell 56900 units at 26 each. imres controllerprovided the following

  Contrarian fund amongst dogs of the dow

Select any contrarian fund amongst the "Dogs of the Dow." How did it perform in 2008 and 2009? Discuss why it did perform well and if it did not outperform its peers see if you can determine why it did not. (If you want to choose another fund than ..

  Reported financial statements

Suppose the factory building in question B12.4 was valued by the professional expert at £240,000. What effect would this information have on the reported financial statements?

  Improve your verbal communication

Improve your verbal communication - You-language is a way of speaking that projects responsibility onto another person and tends to be judgmental.

  Compensate for a weakness in internal control

An auditor may compensate for a weakness in internal control by increasing the:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd