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Question 1: Explain why it is important that a business organisation's budgeting be linked to its strategies. Elaborate briefly how it could be done. Illustrate with an example, graph and charts?
Sunland Corp. enters into a contract with a customer to build an apartment building for $1,069,900. The customer hopes to rent apartments
Provide the appropriate journal entries, assuming that Jerry Lopez takes two weeks annual leave after being employed for one year and assuming that the tax deductions from the payment for the two weeks is $1200.
Prepare a schedule of cost of goods manufactured for the company for the month - Lompac Products manufactures a variety of products in its factory
Describe in detail the type of substantive analytical procedures that would be used for these account balances and why this would be an effective test
Findcalculate net income : sales=$2,500, cost of goods sold = $1,800, miscellaneous expenses = $200, depreciation = $150, interest expense = $50, tax rate = 35%
Analyze the effect of each transaction on assets, liabilities, and stockholder's equity: Selected transactions for Thyme Advertising Company, Inc.
The following values of current assets and current liabilities are given for the company. If the company does the project, what is the change in net working capital
Opened a business bank account with a deposit of $45,000 from personal funds.Purchased office supplies on account, $2,000.Received cash from fees earned for managing rental property, $8,500.
For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts and determine ending account balances
A private company that designs, manufactures and distributes certain consumer products. In this fiscal year, Detox had revenues of $325M and earnings of $15M. Detox company has filed a registration statement with the SEC for its IPO.
Steel will not agree to the settlement. In its December 31, year 2 balance sheet, what amount should Steel report as liability from lawsuit?
Assuming an interest rate of 6 percent, how large a payment would you accept today for this future stream of income?
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