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The following are concepts you should consider for discussion:
Question 1: Address the reasons for and benefits of budgeting.
Question 2: Discuss the concept of using budgets for variance analysis and strategy.
Question 3: How are budgets used to evaluate performance (i.e. variance analysis)?
Question 4: How can and should management use variance analysis for strategic purposes?
Question 5: How would a company be affected by budget strategy based on personal goals (i.e. padding the budget to make short term operational results look good) rather than budgeting based on current and future market analysis?
Question 6: How might this affect sales dollars, sales volume, and profits? Consider the impact of these budgeting decision on the corporation's plans for future financing, production volume and capacity (both short term and long term).
linda clark received 182000 from her mothers estate. she placed the funds into the hands of a broker who purchased the
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32. List the five types of filing status and briefly explain the requirements for the use of each one. 33. In which of the following cases may the taxpayer claim head of household filing status?
cherie is an accountant for a large advertising agency. after receiving notice of a prospective large account she
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