Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Ron Benson is an new production manager. After a great deal of effort, including considerable market research, he completes his budget and submits it to his boss, Diane Moran. Without even looking at it, she asks him what his "fudge factor" was, and which items contained the most slack. Ron, very surprised, responds that he doesn't use any "fudge factor," and that all his figures are honest. Ms. Moran counters by asking him how he would respond if he had to cut about 20% from the budget, as it is. She tells him that most budgets are trimmed in committee, and he had better be ready. She returns the budget to him, and tells him to come back with something reasonable.
1. Is it ethical to build slack into a budget? Explain.
2. Was it ethical for Ms. Moran to refuse to accept a budget without slack. Briefly explain.
Last year, Gransky Corporation's variable costing net operating income was $52,100 and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the absorption costing net operating income last year?
The beginning balance in the work in process account was $19,000 and the ending balance was $12,000. The beginning balance in the finished goods account was $35,000 and the ending balance was $58,000. Sales totaled $240,000. Selling expense was $1..
If you are planning on buying 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 9 percent at the time of your purchase?
how does u.s. gaap differ from ifrs with respect to presenting consolidated financial statements?a u.s. gaap requires
during the year royal repaid existing debt of 223785 and raised additional debt capital of 642062. it also repurchased
green is a talented artist and he creates landscape paintings while working in the open air. green originally started
In addition, your grandfather just gave you a $25,000 graduation gift which you will deposit immediately (t=0). If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
What is the appropriate balance for the Allowance for Doubtful Accounts on Dec. 31?
the sledge hammer company manufactures a line of high quality tools. the company sold 1000000 hammers at a price of 4
the geurtz company uses standard costing. the company makes and sells a single product called a roff. the following
on january 1 2012 adams corporation signed a 5-year noncancelable lease for a machine. the terms of the lease called
what accounting method cash or accrual would you recommend for the following businesses?a. a gift shop with average
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd