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Business application- Indicate whether each of the following management activities in a department store is part of planning (PL), performing (PE), evaluating (E), or communicating (C):
a. Completing a balance sheet and income statement at the end of the year
b. Meeting with sales managers to develop performance measures for sales personnel
c. Training a clerk to complete a cash sale
d. Renting a local warehouse to store excess inventory of clothing
e. Preparing an annual sales budget for each department and the entire store
f. Evaluating the performance of the shoe department by examining the significant dif- ferences between its actual and planned expenses for the month.
Explain how uncertainty in the sales mix and in cost estimates affect the break-even points for Sorrentino Company.
Prepare the annual adjusting entries necessary on December 31 and the equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.
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Balboa Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. On April 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for orga..
The cash flow statement categorizes like transactions for optimal reporting - Operating activity and Investing activity (I)
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question the december 31 2012 condensed balance sheets of pym corp. and its 90 percent-owned subsidiary sy corp. are
Find a journal or news article that explains why both accrual accounting and cash flow analysis are required to understand a company? Briefly describe the article. What would you have added to improve the analysis?
Prepare the trial balance of Oakland Floor Coverings at December 31, 2012 - Oakland Floor Coverings reported the following summarized data at December
A small internet company plans to offer its employees a salary enhancement package which has revenue sharing as its main component. Specifically, the company will set aside 1% of total sales for yearend bonuses for all of its employees. The sales are..
The Gray Company has a staff of 5 clerks in its general accounting department. 3 who work during the day perform sundry accounting tasks, the other 2 clerks who work in the evening are responsible for (1) collecting the cost data for the various jobs..
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