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Question 1: Identify two (2) ethical requirements to be considered when making budgetary forecasts and projections. Explain how each requirement will affect the following:
a) Strength of assumptions
b) Forecast reliabilities
Which of the following is NOT normally regarded as being a good reason to establish an ESOP?
Elaborate and expand on previous comments from others; Present explanations of concepts or methods to help fellow students;
Patterson Company's variable expenses are 60% of sales. At a $600,000 sales level, the degree of operating leverage is 4. Company chief executive officer has determined to purchase and install a new automated assembly line and replace the traditional..
Lorge Corporation has collected the following information after its first year of sales. Sales were $ 1,641,600 on 102,600 units; selling expenses $ 246,240 (40% variable and 60% fixed); direct materials $ 524,286 ; direct labor $ 292,410 ; administr..
Journalize the transactions of janauray
Resulting values are rounded to the whole dollar. How much of the rent and salaries costs will be allocated to the long-haul department
The income to be recognized each year is based on the proportion of cost incured to the total estimated costs for completing the contract. Find out the estimated income on the construction contract.
Calculate the number of tickets Sunshine must sell each month to- (a) Break even and- (b) Make a target operating income of $10,000 per month in each of the following independent cases.
The average remaining service period for the employees expected to receive benefits is 10 years. Evaluate what is amount of amortization to pension expense for the year?
WyCo has the following account balances: Purchase Returns $19,000; purchases $812,000; Purchase Discounts $8,000; Begging inventory $21,000; Freight In $30,000; and ending inventory $37,000. WyCo 's cost of goods sold is ?
Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1985. He also acquired a rental house in 2015, which he actively manages. During 2015, Walter's share of the partnership's losses was $22,000, and his rental hous..
The financial statements of a company are the management's and NOT the auditor's. If the auditor objects to the information that management is presenting because GAAP is violated, then an exception can be issued by the auditor, BUT ONLY if management..
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