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Accounting DQ
Many upper level managers consider the budget to be a living document. What do they mean by this and do you agree with their assertion? Why? Why not?
When it comes to evaluating performance, a static budget could end up being very misleading. Since a flexible budget is based on sales volume and cost driver activity, it tends to be more accurate when assessing performance.
Class - Based on your readings, what might be a couple of reasons why actual performance might not conform to the master budget?
Author's Corner Video "Budgets"
Discuss the importance of budgeting on the home front - in your personal finances. How do you do it and what changes will you make in light of what you learned this week?
Author's Corner Video "Responsibility Reports and Standard Cost"
Author's Corner Video "Variance Analysis and Balanced Scorecard"
jack sawyer is presently leasing a copier from john office equipment company. the lease requires 11 annual payments of
From this week's reading, you were introduced to the concept of unearned revenue and prepaid expenses. Imagine that you are CFO of a company that manufacturers picture frames.
Compute the net cash provided by operating activities using the indirect method assuming that net income was $125,000 for the year.
Determine when the company should record a sale under Dobbs' FOB policy. o Examine the implications of Dobb's FOB policy.
on november 1 year 1 black lion company forecasts the purchase of raw materials from an argentinian supplier on
at january 1 2009 farley co. had a credit balance of 520000 in its allowance for uncollectible accounts. based on past
Health care facilities are unique and have clearly defined characteristics based on the needs of the facility or population being served. Poor design may lead to staff, visitor, or patient stress. In large facilities, inability to find a departmen..
Income taxes are not considered in this problem. What is the net present value of the investment assuming the required rate of return is 10 percent? Would the company want to purchase the new machine?
adjusting entries are required at the end of the period to ensure that accrual accounting principles are applied. the
you may need to use the future value or present value tables for this qustion.if sloane joyner invests 14019.74 now and
Discuss the relevance of budgeting as it relates to the accounting profession in general. Relate lessons learned from a self-selected reading or from something you learned while working on your accounting profession in general.
sam company has just received a special one-time order for 1000 units. producing the order will have no effect on the
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