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One of the most difficult challenges I encountered in operating expense budgets had to do with sandbagging. Sandbagging is when the Department or Division Manager, who is responsible for proposing the initial budget, simply uses the current years budget and tacks on a cost of living increase such as 1.3%. Problem being, over the last five years, they never used 100% of that budget. What steps would you take to help that manager come to a more realistic budget?
Purpose a schedule of expected cash collections from sales, by month and in total, for the second quarter
prepare the journal entry to record pension expense, gains or losses, prior service cost, funding, and payment of benefits for 2011. what amount will electronic distribution report in its 2011 balance sheet as a net pension asset or net pension liab..
What should be the effects of the determination that the decline was other-than-temporary on Kopp's 2011 net noncurrent assets and net income? Decrease in both net noncurrent assets and net income
Prepare the closing entries at October 31 in the General Journal and Trial Balance for your closing entries
Calculation of Estimated Allowance for doubtful accounts with a change in Sales - What would you answers be for parts 1 and 2 if sales for the current period were $220,000
Examine long-term borrowings in British Airways's balance sheet and the related note. What, if any, convertible securities does the company have outstanding?
During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year?
How much does the firm currently earn per share and What proportion of the firm does Warren currently own and What proportion of the firm will Warren own after the stock dividend?
Determine how Kmart and Sears approached the change in ownership interest under current GAAP and how that approach would differ under proposed GAAP. Provide specific examples to support your response.
Purpose a segmented income statement, in total and for the two products. Use the contribution approach
Prepare a financial statement worksheet
Jim received an insurance recovery of 80% of the value of the car at the time of the accident. If Jim’s AGI for the year is $50,000, determine his deductible loss on car.
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