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Question 1
The Statement of Stockholders Equity is viewed as the most important by many companies. The company you work for is no different. However, many outside the financial team do not understand what is contained in the statement. You are presented with a unique opportunity to deliver presentations to company employees concerning this fact. What key points would be addressed to the employees and why?
Question 2
There are many advantages to using a budget for planning and operation within a business. Businesses must know how much they expect an activity to cost as well as what they expect to yield from their effort throughout the year. This is the core of the business' survival. Budgets record the expectations for both costs as well as revenues from key activities over the business year. They are meant to maintain some planning element in the chaotic events that typically ensue during normal operations.
Share what you believe are the three main advantages for using a budget. Select one of these advantages and present an example, as well as how you feel that advantage would allow a business to be successful.
Question 3
A growing frozen food manufacturer is having difficulty obtaining the raw materials needed to make their product. Their retail distributors (grocery stores) are threatening to go to another supplier. Is there any supply chain management software for a small business that would be appropriate for a business like this?
Use the Internet to locate two supply chain management software providers that could aid a company like this. Briefly describe the capabilities of the two software applications. Which supply chain management software product would be more appropriate for this company? Why?
Zodiac Model Rocketry Company sells model rocketry kits and supplies to retail outlets and through its catalog. Some of the items are manufactured by Zodiac, while others are purchased for resale.
kirby airlines is a small airline that occasionally carries overload shipment for the overnight delivery company
At December 31, balances in Overhead are as follows: Lott Company-debit $1,500, Perez Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
Identify the reasons you would use a trust account when receiving trust money from customers and clients.
activity rates from quattrone corporations activity-based costing system are listed below. the company uses the
abc company has two service departments a amp b and two production departments x amp y. the number of employees in each
garison music emporium carries a wide variety of musical instruments sound reproduction equipment recorded music and
On August 1, Stuart Co. issued $1,300,000 of 20-year, 9% bonds, dated August 1, for $1,225,000. Interest is payable semiannually on February 1 and August 1. Present the entries to record the following transactions for the current year:
Becky wants to invest $3,200 in a money market fund at the end of each year for three years in order to save money to go to college. If the prevailing rate of interest is 11% how much will she accumulate in the fund at the end of the three year pe..
the cash account in the general ledger of lyco corporation showed a balance of 21749 at december 31.the companys bank
What amounts should be reported for prepaid insurance and insurance expense in Toro's financial statements for the three months ended March 31, year 1?
mountain industries operates a manufacturing division and an assembly division. both divisions are evaluated as profit
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