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So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities.
You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:
Use the assumptions and data in the attached excel sheet. (there are two tabs)
1. complete next year's budgeted figures for each entity within the same Excel worksheet (yellow cells)
2. include your reasoning for most of the budgeted figures (green cells)
Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year's budget and fundraising efforts-despite an increase in expenses-did not improve at all.
Write a memo of 300-400 words explaining what you would recommend that the museum manager do.
What type of lease is this? Explain. Evaluate the present value of the minimum lease payments. Prepare all necessary journal entries for Burke for this lease through January 1, 2008.
Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.
Calculate the activity cost rates for each of the activity cost pools and calculate the amount of "Support Expenses" to be allocated to each of the four product lines for each activity.
Determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.
Determine the discount. The amount of cash Hardcover, inc. actually had available to utilize from this loan was:
The Talbott Company has received an order (#324) for 100 widgets - Make a job order cost sheet for the 100 widgets
Evaluate the 2010 cash-basis net income and evaluate the 2010 accrued-basis net income (show calculations)
Sara Douglas purchased 30 shares of WXY stock for $210, and on October 29, 2013, she purchased 90 additional shares for $900. On November 28, 2013, she sold 48 shares, which could not be specifically identified, for $480, and on December 8, 2013.
We all agree that privately held companies are not required by law to follow SOx regulations. However, would it not be a good decision to implement strong internal controls regardless of the size of the organization? What are some of the contro..
What qualitative matters should be taken in considerations with requirement c and d? Describe. Would you change the decision taken on c and d? Clarify.
onsider the market price of the Schieble bonds was known to be $180,000, but the market price of the warrants without the bonds cannot be evaluated, what are the amounts that should be allocated to the warrants and the bonds?
Distinguish normal and actual cost
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