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What is the difference between forecasting and budgeting? What are the various forecasting techniques? As a manager, which one would you prefer? Why?
a) Describe each transaction that ocurred for the month. b) Determinate how much owner's equity increased for the month. c) Compute the amount of net income for the month.
Through hard work and careful saving, Hans and his family have152,000 to start a small business. The family estimates sales tocustomers will be about $4,500 per month during the first year. Onthe average, expected cost per month are budgeted as fo..
A.The character of any income or loss will be ordinary regardless of when the contributed property is sold by the partnership and regardless of the character of the asset in the hands of the partnership.
Prepare a proper schedule of consolidated net income and apportionment to non controlling and congtrolling interests for 2010.
Explain the concept of “business ethics”. Critically discuss the term “complex ethical dilemma”. Reviewing the real life situations mentioned in the document Complete Guide to Ethics Management:
Assume that the brand manager forecasts upcoming sales of SUSI to be 150,000 units, and that there are 35,000 units of SUSI in inventory
There were 7,500 units in the department's beginning work in process inventory, two thirds complete with respect to conversion costs. During March, 52,500 units were started and 50,000 were completed and transferred out of the department. The endi..
Because of the uncertainty for the future cash flows and the discount rate, we cannot complete the balance sheet if we do have the income statement first. (a) Please discuss for how the uncertainty is related to earnings quality. (b) Can the uncer..
Why would you select the percentage of sales method on calculating doubtful accounts as opposed to the percentage of receivables method? Which method favors the income statement? Which method favors the balance sheet?
Prepare the issuer's journal entry to record the first semiannual interest payment assuming the effective interest method is used.
For the coming year, no changes are expected in revenues and costs, except that a new wage contract will increase variable costs by $6 per unit.
the following information relates to tom a single tax-payer age 18salary 1800interest income 1600itemized deductions
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