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Questions - Each question must be 50- 60 words
Q1. Describe the nature and objectives of budgeting.
Q2. Discuss human behavior and budgeting.
Q3. Describe budgeting systems.
Q4. Describe static budget.
Q5. Discuss flexible budget.
Q6. What is a master budget.
The loan period is 25 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?
Discuss the structure and attributes of each of the securities. BHP Billiton Limited is listed on the ASX and is expanding its business operations
The Inouyes filed jointly in 2011. They reported $16,000 of itemized deductions and they have two children, one of whom qualifies as their dependent. What is total amount of from AGI deductions they are allowed to claim on their 2011 tax return?
Management proposed changing the estimated useful life of the computers to two years. Prepare the journal entry necessary at the end of 2013 to record depreciation on the computers.
For requirement 1.b., journalize the declaration of the 2012 dividends on December 22, 2012, and payment on January 14, 2013. Use separate Dividends payable accounts for preferred and common.
Dresser Company’s weekly payroll, paid on Fridays, totals $6,850. Employees work a 5-day week. Prepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $6,850 cash payment on Friday, January 2.
Should penalties for breaches of the financial reporting requirements of the Corporations Act be increased? Discuss or explain.
The stock price is $51, the continuously compounded risk-free rate, What is the price of a one-year European put option on the stock with a strike price of $50?
Compute Welch's gross pay, payroll deductions, and net pay for the full year 2012. Round all amounts to the nearest dollar and compute United's total 2012 payroll expense for Welch.
How the time consistency challenge for monetary policy can make it difficult for a central bank to cap the value of its domestic currency.
What Fama income tax payable for the current year would be? Before considering a tax loss carryforward of $80 million, Fama Corporation reported $200 million
Analysis indicates that $3,000 is the amount applicable to future periods. What would be the proper adjusting entry at the end of this period?
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