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Financial managers have two primary responsibilities other than their ongoing involvement in financial analysis and planning.
a) What are two primary responsibilities of the financial manager.
b) From the Internet what are two additional ideas about the other activities that financial managers are involved in on a day-to-day basis.
Carol attends State University and received a $10,000 scholarship for her senior year that began in September, 2011. Up to the time of her graduation in May, 2012, Carol had paid the following expenses for the two semesters from her scholarship fu..
Rodriquez Company budgeted the following sales in units: February production in units is:
Dan and Patrick have asked you, their accountant, to determine how their repayments should be treated for tax purposes. Dan is still working as a highly compensated executive for Osprey while Patrick is retired and living off his savings.
During the year Daniel's share of partnership income was $8,500, while he received distributions from the partnership of $4,000. Daniel's partner return on equity is:
What characteristic of absorption costing caused the drop in net operating income for the second quarter and what could the controller have said to explain the problem?
A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a:
On jan 1 07 daniels company contained these liability accts. Accts payable 42,500 Sales tax payable 6,600 Unearned service revenue 19,000 During january
If sales are $820,000, variable costs are $524,800, and operating income is $260,000, what is the contribution margin ratio?
Crystal, Inc. is owned equally by John and his wife Arlene, each of whom own 500 shares in the company. Arlene wants to reduce her ownership in the company, and it was decided that the company will redeem 200 of her shares for $5,000 per share on ..
The allowance for uncollectible accounts currently has a credit balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that uncollectible accounts will be $15,000.
Prepare an amortization table use the straight-line method to amortize the premium.
a. Compute Jim's overhead using the new product mix, profit, and contribution margins. b. How could expanding into a product line with higher contribution margin erode the firm's profit margin?
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