What is the difference between budget lapsing and line-item

Assignment Help Accounting Basics
Reference no: EM13602763

a. What is the difference between budget lapsing and line-item budgets?

b. What types of organizations would you expect to use budget lapsing?

c. What types of organizations would you expect to use line-item budgets

Reference no: EM13602763

Questions Cloud

Rons hot rod shop follow the revenue recognition principle : rons hot rod shop follow the revenue recognition principle. ron services a car on july 31. the customer picks up the
Compare the advantages and disadvantages of the previous : a what behavior would this budgeting scheme engender in the responsibility center managers? b compare the advantages
Galvaset industries manufactures and sells custom-made : galvaset industries manufactures and sells custom-made windows. its job costing system was designed using an
Analyze the situation and recommend a course of action what : analyze the situation and recommend a course of action. what should installation division managers do? what should
What is the difference between budget lapsing and line-item : a. what is the difference between budget lapsing and line-item budgets?b. what types of organizations would you expect
Coy inc initially issued 200000 shares of 1 par value stock : coy inc. initially issued 200000 shares of 1 par value stock for 1000000 in 2009. in 2010 the company repurchased 20000
Topeka bike company received a 940 check from a customer : topeka bike company received a 940 check from a customer for the balance due. the transaction was erroneously recorded
Bakels company issued a 100000 20 year bond with a stated : bakels company issued a 100000 20 year bond with a stated interest rate of 6. assume interest payments are made
Nicole inc uses igaap for its external financial reporting : nicole inc. uses igaap for its external financial reporting. during 2009 an employee of the company was injured in the

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Compute the issue price of the bonds

Whiteside corporation issues $521,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the annual market rate for such bonds is 10%, Compute the issue price of the bonds.

  What is the amount of laurie deductible investment

Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was.

  We offer a focused menu of high-quality value priced pizza

we offer a focused menu of high-quality value priced pizza with three types of crust hand-tossed thin crust and deep

  Business income subject to us taxation

What factor(s) do U.S. taxing authorities consider to determine whether the interest is investment income not subject to U.S. taxation or business income subject to U.S. taxation?

  Journalise the events including dates

Journalise the events including dates and notations. You should assume that all monies were received on 18th April (applications).

  The sweetwater candy company would like to buy a new

the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping

  Variable overhead efficiency variance calculations

V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.

  Will the manager of the snack division receive a bonus for

the manager of healthy snack division of fairfax industries is evaluated on her divisions return on investment and

  Journal entries for the original purchase

On February 12, 6, 000 shares of Lucas Company are acquired at a price of $22 per share plus a $240 brokerage fee. Prepare the journal entries for the original purchase, dividend and sale.

  The inns variable overhead costs are driven by the number

a family inn is a bed and breakfast establishment in a converted 100-year- old mansion. the inns guests appreciate its

  What is to come in the last week of the class in this

deliverable length 3 parts see assignment details task background this individual project assignment serves as a

  Payment of interest and amortization

The journal entry to be recorded at the end of the second year for the payment of interest and the amortization of discount will include a ??

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