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The budgeting process and budgets themselves have significant impacts on management actions and performance, in both positive and negative ways. It is common at many local, state, or national governmental agencies, and nonprofit organizations, and even in some for-profit enterprises for managers to increase spending at the end of the budget cycle. This process, usually referred to as "use it or lose it" can be harmful to objectives of any organization. Managers do this, as they often feel that if they don't spend the amount that was budgeted this year, next year their supervisors will reduce their budget by the amount not spent in the current year. So, to avoid having their budget dollars reduced, managers often increase spending at the end of the year to ensure all budgeted amounts are spent even if items are not necessarily needed. This is more common in government and nonprofit organizations, but can be found in for-profit enterprises as well.
Requirement: Write a memo to the budget managers in an organization, assuming you are the CEO. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution.
product a has a sales price of 10 per unit. based on a 10000-unit production level the variable costs are 6 per unit
Provide a brief definition of compilation and review performed in accordance with the SSARS. Include the type of assurance provided.
Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allownaces of Doubtful Accounts; Bad Debt Expense; and (c) the net realizable value of accounts receivable.
For its 2010 tax year, Ilex Corporation has ordinary income of $240,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000. Calculate Ilex Corporation's tax liability for 2010.
Which of the following is an artificial person recognized by law?
What is the doubtful account expense for the year ended December 31, 2009 if the Accounts receivable at December 31, 2009 is $440, the Allowance for Doubtful Accounts at January 1, 2009 is $64, the Accounts written off as uncollectible during the ..
the junior league of tampa florida collected recipes from members and published a cookbook entitled life of theparty.
product a has a contribution margin per unit of 500 and required 2 hours of machine time. product b has a contribution
August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.
In recent years directors and CEOs of companies have been placing more importance on holistic reporting of company activities rather than simply reporting what is required by the Accounting Standards, the Corporations Act and other legislation.
the cost of equipment purchased by charleston inc. on june 1 2012 is 217160. it is estimated that the machine will have
the gilster company a machine tooling firm has several plants one plant located in st falls minnesota uses a job order
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