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Problem - Pretorious Manufacturing has just hired a new controller, Diana Metcalf. During her first week on the job, Diana was asked to establish a budget for operating expenses in 2016.
Since Diana was not yet familiar with the operations of Pretorious Manufacturing, she decided to budget these expenses using the same procedures as the prior controller. Therefore, in order to establish a budget for operating expenses, Diana started with actual operating expenses incurred in 2015 and added 4.3 percent. Diana based this percentage on inflation as measured by the consumer price index.
Comment on the effectiveness of Diana's budgeting strategy.
Describe how software companies like PeopleSoft treat software development costs differently from the typical GAAP treatment of research and development costs in other industries. Why is this the case?
blackstone inc. has a five-year bond outstanding that pays 60annually. the face value of each bond is 1000 and the bond
Annual depreciation is $9,000, and the machine has no salvage value.Machine B: Costs $50,000 to acquire and $24,600 a year to operate in each year of its 10-year life. Annual depreciation is $5,000, and the machine has no salvage value.
klaus toys just paid its annual dividend of 1.40. the required return is 16 percent and the dividend growth rate is 2
Determine the carrying value of the bond liability on December 31, 2013.
when the stock market is going up over a long period of time investors can become complacent about the risks of being a
a list of several transactions that took place during two years of operations for rpg consulting.year 2 year 3amounts
Why do you think this is true? Which general controls can help reduce these risks?
western states had revenues of 450000 in march. fixed costs in march were 273360 and profit was 32640.a.what was the
mary jananes capital statement reveals that her drawings during the year were 50000. she made an additional capital
How would operational internal reports differ from financial internal reports?
an accountant wishes to find the present value of an annuity of 1 payable at the beginning of each period at 10 for
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