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Your state legislature is considering a balanced budget amendment. One proposed approach defines balanced budgets as ones in which estimated revenues for the year equal that year appropriations. A second defines balanced budgets as ones in which expected resources available at the beginning of a fiscal year (beginning fund balance plus estimated revenues) equal that year appropriations. A third defines balanced budgets similarly to the second, but would require that the beginning fund balance be maintained at a particular level (e. g., 5 percent of revenues) except in specifically defined circumstances, such as a recession that lasts more than 18 months. Which approach would you prefer and why?
For the current year ending April 30, Hal Company expects fixed costs of $60,000, a unit variable cost of $70, and a unit selling price of $105.(a) Compute the anticipated break-even sales (units). (b) Compute the sales (units) required to realize..
a business issued a 120-day 6 note for 10000 to a creditor on account. the company uses a 360-day year for interest
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respond to the ethics case with the statements on standards for tax services for each of the following situations state
kolinchak inc. expects its gross payroll for the period to be 100000. it expects to withhold 7.65 of gross payroll for
sue is a waits on table at a sports bar. she is thinking of having some plastic surgery to enhance some of her features
By reducing labor and other operating costs, the machine would provide annual cost savings of $59,000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
identify the savings investment instruments you use or have used in the past if you havent used any identify those that
karen kars provides shuttle service between four hotels near a medical center and an international airport. kare kars
If the company were to prorate the variances, how much ($) of the direct material usage variance would be allocated to finished goods inventory?
jasper company has 30000 shares of 80 par value 5 cumulative preferred stock and 140000 shares of 20 par value common
on july 1 2014 bamazon corporation issued 1000000 of 6 debentures to yield 7. the entire bond issue was purchased by
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