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Rex, a budget officer, conducted a class for nonaccounting managers and program directors on the subject of budgets. Rex began the class discussion by asking, What are some of the uses of a budget? One manager replied, Planning. Another said, Evaluating performance. Still another suggested, Coordinating activities. What about implementing plans? inquired another. Or communicating them? added still another. Don forget motivation, one manager warned from the rear of the room.I on the school board, commented another, and we use it to authorize actions. Finally, one manager asked, Can budgets do all that? Yes, Rex responded, all that and more. Select four of the uses suggested by the mangers, and explain how budgets accomplish those uses.
on dec. 19 2011 the seller corp. sold 12000 of merchandise inventory on account to the buyer corp. on dec. 22 2011
boyer corporation shows income tax expense of 60000. there has been a 5000 decrease in federal income taxes payable and
the sarbanes-oxley act of 2002 sox has emphasized the importance of ethical behavior and codes of conduct. discuss the
cindy neuers regular hourly wage rate is 17 and she receives an hourly rate of 23 for work in excess of 40 hours.
1.when a person faces a trade-off and must give up something by making a choicethis is referred to astaking out a
leesburg sold a machine for 2200 on november 10th of the current year. the machine was purchased for 2600. leesburg had
Describe THOUGHTFULLY why it is important to understand the cost drivers and the types of cost behavior, as well as the components to managerial decision making. (At least one paragraph).
Compare and contrast the Fair-Value Method (FAS 115) covered in your Intermediate Accounting courses (touched on in our textbook) and Equity Method. When should you use each method and why? What are some of the limitations of the Equity Method? (T..
If a parent company and outside investors purchase shares of a subsidiary in relation to existing stock ownership (ratably).
A balance sheet, and a budgetary comparison schedule Classify the fund balance as Unassigned
Prepare the county, General Fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2012. Consider the proceeds from the sale and leaseback of an office building as a special item.
You spend the next day collecting information from the accounting records, performing the analysis, and writing a memo to explain the results. The company president is pleased with your memo. You report that the new sales commission plan will lead..
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