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Question - Explain below principles of budgetary control with 1-2 sentences
i. Establish a plan or target of performance which coordinates all the activities of the business.
ii. Record the actual performance.
iii. Compare the actual performance with that planned.
iv. Calculate the differences or variances, and analyse the reasons for them.
v. Proper action is to be taken immediately to remedy the situation.
At the time of receipt in 2018 the note may be sold to a bank at a discount of 18%. Discuss how much is the income subject to tax in each year
Which year end adjusting entry will be prepared.The computer is expected to have a five-year useful lifespan before being replaced. If the company's fiscal year
What are the respective consolidated values for Swimwear's assets under the pooling method and the purchase method
The City of Green Hills constructed a new storage facility using the city's own public works employees. What amount should capitalized as general capital asset
They expect their investment account to earn 9%. How large must the annual payments at t = 5, 6, and 7 be to cover Ellen's anticipated college costs
The issues plaguing Luxor are not unique, many other organizations are facing similar unethical misconduct. For this part of the project, your committee perform
UMUC contracted to build a new hotel for $800,000 that will take 3 years to complete. Prepare a partial balance sheet for 2013 and 2014
Andrews's product Ant currently has an awareness level of 78%. Assuming that Ant loses one-third of its awareness each year, what will Ant's awareness level be
Did they perform the steps accurately? If not specifically state the nature of the problem and follow up on it to the extent possible with the information given
joe worked on his accounting homework for one and one half hours. during that time he completed 6 problems. what is the
at the vicksburg company actual sales are 1200000 and break-even sales are 840000. compute a the margin of safety in
In 2013, Ed is 66 and single. If he has itemized deductions of $7,300, he should not claim the standard deduction alternative. a. True b. False
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