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So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities.
You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:
Use the assumptions and data in the attached excel sheet. (there are two tabs)
1. complete next year's budgeted figures for each entity within the same Excel worksheet (yellow cells)
2. include your reasoning for most of the budgeted figures (green cells)
Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year's budget and fundraising efforts-despite an increase in expenses-did not improve at all.
Write a memo of 300-400 words explaining what you would recommend that the museum manager do.
How do you judge a business's well-being from examining its capital structure and does it make a difference who you are
Find cost relevant in deciding whether to move the manufacturing facility to a different location - Brown Manufacturing Company
Describe the entity's attitude toward systems security and explain its strategies for dealing with systems security issues
Depreciation reported on the tax return exceeded depreciation reported on the income statement by $128,000. This difference will reverse in equal amounts of $32,000 over the years 2015-2018. Interest received on municipal bonds was $11,600.
Find what fringe benefits are subject to this limitation and what fringe benefits escape this limitation?
Find the GRI on the Internet. Outline the key GRI indicator protocols that relate to water. From the perspective of a report user, justify, for each protocol, why these aspects relating to water consumption should be reported.
What would be the effect on the profit of the whole company, if the Training Centre was closed at the beginning of the New Year? Given the allocated costs at 10% of revenue, calculate the number of workshops that must be offered to break-even.
Assess financial accounting standards as they relate to presentation and disclosure in general purpose financial statements and evaluate, measure, value and present financial statements in conformity with GAAP relating to assets
Explain the difference between the accrual basis of accounting and the cash basis of accounting. What are the major reasons for accrual accounting? How are revenues and expenses defined under accrual accounting?
Determine the economic order quantity? Consider that they could get a 10 percent discount per bedpan if they order at least 1000 at a time. Should they take advantage of this discount?
Popper did not get any of this newly issued stock. How would this transaction affect the extra paid-in capital of parent company?
A company had a market price of $38.10 per share, earnings per share of $1.55, and dividends per share of $0.70. Calculate its price-earnings ratio
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