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Exercise 22-6A Using a flexible budget to accommodate market uncertainty.According to its original plan, Katta Consulting Services Company would charge its customers for service at $200 per hour in 2006. The company president expects consulting services provided to customers to reach 40,000 hours at that rate. The marketing manager, however, argues that actual results may range from 35,000 hours to 45,000 hours because of market uncertainty. Katta's standard variable cost is $90 per hour, and its standard fixed cost is $3,000,000.Develop flexible budgets based on the assumptions of service levels at 35,000 hours, 40,000 hours, and 45,000 hours.
From an employer's point of view, what is preferred a defined contribution plan or a defined benefit plan. What are the cash ramifications as well as reporting requirements?
From the foregoing information, indicate in what section of the income statement or retained earnings statement these items should be classified. Provide a brief rationale for your position.
Journalize the adjusting entry required at the end of the year assuming the amount of unexpired insurance related to future periods is 4,200.
1 roy purchased a one-year insurance policy for 2400. the adjusting entry for one month would include a a debit to
the audit report and internal control evaluation.bullresource pp. 62 amp 63 of ch. 3 in auditing and assurance
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you are doing your final research before you write your business plan. industry a has 20 firms and a concentration
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Write a memo to the general manager describing what preventive, detective, and corrective management controls (procedures and policies) should be addressed and possibly changed to correct the issues found in the audit.
before making its year-end adjustments the net income for barton company was 98000. adjusting entries are necessary for
identify how the sarbanes-oxley act of 2002 changed the audit environment for auditors.identify and explain new
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