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You are a new city council person for the City of Scottsdale, Arizona. You are aware that several cities have been in the news recently for financial crises for which the council or board is being held accountable. The governing bodies have been criticized for not being aware of the negative signals and trends that obviously led to the cities in challenging financial situations. Although you were assured at the first few council meetings that the city was overall in good financial shape, you want to be sure you “do your homework” and assess the financial condition of the city for yourself. You know that the City of Scottsdale, Arizona, prepares a Financial Trends report each year based on the ICMA’s Financial. a. Go to the city’s Web site and print a copy of the Financial Trends report. Hint: Look in the Finance, Demographics, Economics areas of the Web site under Budget and Finance. Examine the five-year trend information and make a list of any indicators that are negative.
A department's three-variance overhead standard costing system reported volume variances and unfavorable spending. The activity level selected for allocating overhead to product was based on 80 percent of practical capacity
Property, plant, and equipment is normally audited in a different manner than current asset accounts. Why is this so? Discuss differences in how property, plant, and equipment is audited compared to current assets.
what is its cost of common equity and what will be the firm's cost of common equity using the CAPM approach
Create a memo to a group of students interested in pursuing careers in management accounting. Include in the memo, the role of management accounting and how management accounting may differ based on different types of companies or industries.
Use the graph in part (a) to determine the level of production x at which consumer expenditure is largest. What price p correspnds to maximum consumer expenditure?
Are non-profit and governments required to depreciate assets
John thinks the losses were particulary large because his company has too much fixed assets. Expand on johns thoughts. Explain how the large bosses related to fixed costs? identify a way that john can turn potential fixed costs into variable costs
Journalize the transactions for Horner Corporation and Prepare a cash distribution schedule
Assume that no correcting entries were made at December 31, 2010, or December 31, 2011 and that no additional errors occurred in 2012. Ignoring income taxes, by explain how much will working capital at December 31, 2012 be overstated or understate..
any trend analysis should be done with care because the ratio is susceptible to quick changes and is easily influenced by management
The church did not keep a record of the amounts given nor the contributors, but the minister estimates that these gifts amount $10,000 in the current year. How should he treat these gifts?
Using the straight- line method. the amount of discountor premiumt o be amortized every intrest period would be''
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