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write 400-600 words
In a recent city meeting, it was agreed that the city was going to build a new town hall. Long-term bonds, intergovernmental transfers, and public donations will be used to construct and maintain the building. The major discussion was how to record the donations meant to fund ongoing maintenance costs. One group wants to set up a permanent fund for the principle of the investments and use a special revenue fund to account for the earnings of the investments and their use. The other group wants to use a private purpose trust fund for the principle and interest. Address the following:
Question 1: Which group do you agree with? Do you feel that there is a better way to record these transactions?
Which form of business organization might best suit the following?
Allocate joint costs using the relative sales values at the split-off point and calculate the profit per 100 pound box of sugar-coated peels and the profit per pint of juice.
Prepare the Revenues budget, production budget in units, Direct material usage budget and direct material purchases budget, Direct manufacturing labor cost budget, Manufacturing overhead cost budgets for each of the three activities for April
Which change would not be accounted for using the prospective approach?
Identify the errors by preparing a corrected multiple-step income statement. Be sure to complete the heading of the statement
How will the following affect the size of the firm’s optimal investment in current assets?
Pledges to manitain a constant 4.5 % growth rate in dividends forever. If the required return on the stock is 10%, what is the current share price?
MGT200 – Management Accounting and Finance - Tai Poutini Polytechnic - Why might the manager question the significance of the report
Using DuPont formula for rate of return on investment, determine profit margin, investment turnover, and rate of return on investment for each division.
Find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after June 2013.
Raw materials were issued for use in production.Direct labor costs were incurred.
Write and Summarise the difference when an entity holds 1% of another entity vs 20% vs 50% vs 80% vs 100% in relation to the different types of investments.
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