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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 With reference to an example as to which monies received should be deposited and withdrawn from each bank account, the difference between Business and Trust banking accounts.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?
The minivan is expected to have a $10,000 salvage value at the end of 10 years. This delivery service is expected to generate net cash inflows of $20,000 per year in each of the 10 years. Apnea's cost of capital is 9%. Calculate the NPV of this in..
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Research the history of procedure costing in the United States. When did it begin to be employed in manufacturing companies? What sort of company would employ a process costing system?
Why would a business like UPS or eBay be concerned with looking at contribution margin by market segment? Can you recognize kinds of market segments?
The following monthly budgeted data are available for a wholesale company: Calculate the break-even sales for the month. Calculate the margin of safety in sales dollars.
Draw conclusions regarding the nature of the problem and possible solutions, and develop recommendations for the managers in question and write a memorandum to the organization's managers that summarizes your analysis, findings and recommendations.
Hull Motors, Inc. (HMI), produces small gasoline-powered motors for use in lawn mowers. The company has been growing steadily over the past five years and is operating at full capacity.
There're four primary techniques of examining capital decisions - two are discounting techniques and two aren't. Please pick one of them, describe the method and the pros and cons.
Should bay side sell the plant or comply with the new federal regulations? To simplify calculations, assume that any additional improvements are paid for on December 31, 2012.
Custom Fiberglass Products had the following inventory balances at the beginning and ending of August 2007: Determine the prime cost added to production during August. Determine the conversion cost added to production during August.
Comment on the employ of functional versus absorption income statement. Explain the differences in presentation and employ of each type of income statement. Describe the contribution margin concept or computation and when to use the information.
Make an income statement for Packer, Inc. for 2013, and the balance sheet as of December 31, 2013. Case study is given below:
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