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Question 1. "Budget are okay in relatively certain environment. But everything change so quickly in the electronics industry that budgeting is waste of time." Comment on this statement.
Question 2. How do Strategic planning, long-range planning and budgeting differ?
Compute the June 30, 2017, inventory at the June 30 price level under the dollar-value LIFO retail method. (Round ratios for computational purposes)
Does the company's management appear to be managing debt properly?Is the company too reliant on long-term debt financing?Why or why not?What kinds of problems can this company (or any company) avoid by properly managing its debt?
In general, explain what the statement of comprehensive income (income statement) and statement of financial position (balance sheet) portray about a business entity and briefly discuss what is contained in each statement.
What is the FG inventory carrying cost for 1 month? what is the inventory carrying cost per case for 1 month? what is the cost of carrying the entire FG inventory for 1 year?
Marmot Corporation pays a dividend of $100,000 in the current year.- Compare and contrast the treatment of the dividend by Otter Corporation and Gerald.
A food manufacturer reports the following for two of its divisions for a recent year. Compute return on investment and investment turnover for the year.
Truman pays the invoice on February 8, and takes the appropriate discount. Determine The journal entry that Smart makes on February 8 is
Rooney, Inc. is considering the purchase of a new machine costing $600,000. The machine's useful life is expected to be 7 years with no salvage value. The net increase in annual after tax cash flow is expected to be $149,000. Upper level managers at ..
Which of the following methods does not require a hurdle rate
Moxley Company prepares financial statements annually. During the year the following selected transactions occurred.
Show how the bonds would be reported on the balance sheet at the date of issuance.
ABC Company began operations in June, 2017 by selling common stock to owners in exchange for $70,000 cash. Calculate the amount of total assets that ABC Company would report in its December 31, 2017 balance sheet after all the above transactions are ..
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