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A) Explain in your own words the following:
1. With reference to an example as to which monies received should be deposited and withdrawn from each bank account, the difference between Business and Trust banking accounts.
2. With reference to an example as to what type of transactions should be recorded in each book of account, the difference between Business and Trust books of account.
B) is the principle of financial accountability applicable to legal practices in Africa and if so, in what way?
C) Discuss the meaning of the principle of financial accountability?
Budgets in Managerial Accounting: Matthew Gabon, the sales manager of Office Furniture Solutions, prepared the following budget for 2008:
Calculate the break-even point in units if Play For Fun Berhad uses the: machine-intensive manufacturing method. labor-intensive manufacturing method.
Why might managers find out a flexible budget analysis more informative than the strategic-budget analysis? Describe your rationale. How might a manager gain insight in the causes of the flexible-budget variance for direct materials?
Calculate the total simulated hours, total waiting time for the customer service team member, and the total wait time for the customer?
question 1sue grabbit amp runne is a firm of solicitors.there are three partners anne mary and jane.there is a
Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.
Triple Play Sports manufactures baseball gloves. Information related to a recent production period is as follows: What might have caused the amount of overhead applied to be different from the actual amount.
Compute the predetermined fixed overhead application rate that would be used in March. Compute the number of machine hours that would be allowed for actual March production. Compute the fixed overhead applied to work in process during March.
Mattresses-A-Million produces Pillow-Top mattresses. They have been using a volume-based costing system to allocate overhead based on direct labor-hours. The Pillow-Top requires two hours of direct labor.
Estimate of the total contribution margin and manufacturing costs and selling and administrative expenses
Cintas Company produces a line of cleaning products for both industrial and household use. While most of the company's products are processed independently, a few are related, such as Pearl and Satin Polish.
Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations, 100,000 units were produced, and 90,000 units were sold.
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