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Question - Ocean Pines Company had net income $475,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $80,000, and an increase or (decrease) in inventory of $-35,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. A negative number for accounts receivable or inventory indicates that the balance decreased. Enter as a whole number (no cents).
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
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Prepare a master budget for the three-month period.
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Evaluate the Predetermined Overhead Rate
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Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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