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You have been hired in the finance department at a large, metropolitan, for-profit hospital. Your duties are very important to the entire hospital in terms of financing operating costs. Additionally, you are also in charge of 3 employees who work under you to help with the day-to-day accounting activities. Your role includes budgeting, managing the general ledger accounts, utilizing financial formulas to perform accounting activities, and training and development of your 3 employees. This professional career is exciting and challenging for you but is also enjoyable and rewarding as you work your way up the career ladder toward reaching your goal of becoming the Chief Executive Officer (CEO) of the hospital.
Question 1: Briefly explain the following concepts and their use/value in assessing the validity of the two mutually exclusive projects:
In the lunchtime rush example, we assumed that the system starts empty and idle at 11 A.M. Assume now that the restaurant opens earlier than 11 A.M., but we are still interested only in the period from 11 A.M. to 2 P.M.
Summarize the main duties of the job. Describe a specific ethical issue you might face in that position using 2 credible sources to support your description.
the general ledger account for accounts receivable shows a debit balance of 40000. the allowance for uncollectible
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Aedion Company owns control over Breedlove, Inc. Aedion reports sales of $300,000 during 2004 while Breedlove reports $200,000. Inventory costing $20,000 was transferred from Breedlove to Aedion (upstream) during the year for $40,000.
Journalize the April transactions using a perpetual inventory system. Using T-accounts, enter the beginning balances in the ledger accounts and post the April.
On August 1 of this year, Bonnie sells the land to Clyde for $100,000. The basis and holding period for the land acquired by Clyde are
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Diversity in products: comment on divisions and other reporting entitites
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