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De Anza Manufacturing has just hired a new controller, Diana Deanza. During her first week on the job, Diana was asked to establish a budget for operating expenses in 2011.
Since Diana was not yet familiar with the operations of De Anza 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 2010 and added 4.3 percent. Diana based this percentage on inflation as measured by the consumer price index.Comment on the effectiveness of Diana%u2019s budgeting strategy.as we study a"budgeting chapter", what budget is to come to your mind as the "starting point" in preparing the master budget? What may result if this budget is inaccurate?
assume there is a well-financed one-year-old company in the biotech industry that is concentrating on developing
What did Boswell report as Net sales and Net accounts receivable on its 1999 through 2003 income statements and balance sheets?
Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010. Preparation of a pension worksheet is not required. Benefits paid in 2010 were $35,000.
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pepe incorporated acquired 60 of devin company on january 1 2010. on that date devin sold equipment to pepe for 45000.
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For 2006, gross profit percentages were 30% of sales for Prince and 40% of sales for Kile. The amount of unrealized intercompany profit in ending inventory at December 31, 2006 that should be eliminated in the consolidation process is:
use the table food and beverage sales for luigis italian restaurant to answer the questions below.food and beverage
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Determine the eliminating entries necessary for the 20X9 consolidated financial statements. Provide correct eliminating entries necessary for the 20X9 consolidated financial statements.
The core values for this course are integrity and excellence. Applying the values of integrity and excellence, discuss ethical considerations of accounting for business combinations in a manner that prevents misunderstanding in the questions below..
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