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1. Some expenses that appear in the income statement do not require a direct cash payment during the period. List at least 2 such expenses.
2. Explain the purposes of the following budgets: (a) debt service budget (b) current payable budget (c) estimated cash receipts from customers and (d) prepayment budget
3. Explain why it is necessary to distinguish between cash budget estimates and operating budget estimates
4. When evaluating the performance of a manager, why should fixed costs be divded into the categories of controllable costs and committed costs
5. What is a rolling budget? Why do some companies choose to use rolling budgets?
6. Frequently the disadvantages of budgeting are not discussed in textbooks.What are some disadvantages to budgeting?
suppose boyson corporations projected free cash flow for next year is fcf1 180000 and fcf is expected to grow at a
Determine his adjusted basis for the building as of the date of sale
When performing a variance analysis, what are the possible causes for unfavorable or favorable variances? How could this type of analysis help managers?
When net assets are recorded at their historical cost and changes in net assets are not recorded unless an event, transaction, or circumstance occurs, the:
for the year beta had beginning total liabilities of 30000 and ending total liabilities of 20000. during the year total
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
1it would be acceptable to have the selling price of a product just above the variable costs and expenses of making and
Prepare any necessary journal entries for MBH at December 31, 2006, under the equity method of accounting for investments.
On September 30, Silver Corporation, a calendar year taxpayer, sold a parcel of land (basis of $400,000) for a $1 million note. The note is payable in five installments, with the first payment due next year. Because Silver did not elect out of the in..
for an incremental order of 5000 units at 70 each the following costs have been compiled incremental variable costs 50
kilgore auto parts reported the following information at december 21 2004. preferred stock 12 1 par 50000 shares
the opportunity to replicate the orignal project at the end of its life. What is the total expected NPV of the two project if both are implemented?
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