User Account

All Pages

Controllable and uncontrollable aspects of revenue and costs

Assignment Help Accounting Basics
Reference no: EM13145392

Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device

Reference no: EM13145392

Questions Cloud

What is the probability that at least one of their children : What is the probability that at least one of their children will have normal hearing acuity?
Classes of securities-appropriate adjusting entries : Prepare the appropriate adjusting entries for Brooks as of December 31, 2010, to reflect the application of the "fair value" rule for both classes of securities described above.
State hypothesis and alternative hypothesis : Suppose we want to test the hypothesis. State hypothesis Ho and the alternative hypothesis H1 that we would use for this test.
Determine the concentration of your overnight culture : Assume that you measure the OD of an overnight E.coli culture. The spectrophotometer gives you a reading of 2.8. What would you do to determine the concentration of your overnight culture and why? Give a detailed explanation!
Controllable and uncontrollable aspects of revenue and costs : Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device
Total warranty liability and journalizing : Determine the year's total warranty liability and journalize any necessary value to establish the year's liability at December 31st.
Sample accounting journal entries for step of lay-a-way plan : Prepare sample accounting journal entries for each step of the lay-a-way plan. Add any accounts to the company's chart of account that are needed. State if the added account(s) are assets, liabilities, revenue, expense, ect.
Probability at least one is english standard engine : A sample of 3 is taken from a population of 12 engines. what is the probability that out of 3 taken, at least one is english standard engine?
Auditor at local firm when composing the letter : Draft a letter to Apollo Shoes that addresses the following key points; assume the role of an auditor at a local firm when composing the letter.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Adjusting entry to accrue wages payable

At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable to the company's employees for the last week in December.

  What was the real cause for their running out of cash

Why is it possible for a company to show a profit on their income statements and still go bankrupt? If you were looking at the financial statements of a company, how would you go about satisfying yourself that a company was not having cash flow pr..

  Value of a derivative that pays off

Use a two-step binomial tree to calculate the value of a derivative that pays off max[(30-ST), 0]2 , where ST is the stock price in 4 months. If the derivative is American-style, should it be exercised early?

  Journal entries for payroll and payroll tax

Total payroll was $480,000, of which $110,000 is exempt fro mSocial Security tax because it represented amounts paid in excess of $90,000 to certain employees. Prepare the necessary journal entries if the wages and salaries paid and the employer p..

  Explain forecasts upcoming sales

Assume that the brand manager forecasts upcoming sales of SUSI to be 150,000 units, and that there are 35,000 units of SUSI in inventory

  Discuss the major types of fraud

Discuss the major types of fraud you might find in auditing the financial statements of a client.What conditions are generally present, how should the auditor assess the risk or fraud, what steps if any should the auditor take when he suspects fra..

  Compounding interest-amount of payments

The first payment will be due in 6 months, the second in 18 months and the third in 30 months. What is the size of these payments if money is worth 10% compounded quarterly and a focal date of 18 months is used for evaluation purposes?

  Accounting depreciation

Calculate Alexandra's maximum depreciation deduction for 2011 for the computer, assuming she doesn't make the election to expense or take bonus depreciation.

  Capital budgeting method problem

The capital budgeting method that divides a project's annual incremental net operating income by the initial investment is the:

  Determine the bonds issue price

Stowers Research issues bonds dated Jan 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds have a $20,000 par value and an annual contract rate of 10%, and they mature in 10 years.

  Prepare the stockholders equity section

Prepare the stockholders' equity section of the Barnes Communications, Inc., balance sheet at December 31.

  Prepare the merchandise purchases budget

Budgeted sales and merchandise purchases for the three most recent months follow. (1) Prepare the merchandise purchases budget for the months of July, August, and september.(2) Compute the ratio of ending inventory to the next month's sales for ea..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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