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Assignment :
1. Demonstrate an understanding of basic accounting concepts and how these apply apply to business2. Outline and contrast cash and accrual bases on accounting3. Prepare a range of financial statements4. Distinguish the activities of a service business from those of a merchandising business and explain how accounting systems work for these businesses5. Demonstrate an understanding of the various methods to monitor inventory6. Describe the nature of cash and importance of internal control over cash
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The Bloomington Bicycle Bearing company needs to use a level output plan to plan for the rest of the year. Here is the predicted demand for all bearing types- Month Demand May 800 Jun 650 July 720 August 690 Sept 530 Oct 610 Nov 630 Dec 610 if the..
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