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If a department manager is provided a static budget and then provided a budget which is flexed monthly based on his/her department's performance, which budget should the manager be held responsible for and why? Should they be fired/replaced for non-compliance?
What is Generally Accepted Accounting Principles (GAAP)? How does GAAP affect financial reporting? How does GAAP need to change to accommodate today's dynamic business environment?
a company was incorporated as a new business on january 1.the company is authorized to issue 20000shares of 5 par value
griffith delivery service purchased a delivery truck for 33600. the truck has an estimated useful life of six years and
worthington company issued 1000000 face value six-year 10 bonds on july 1 2012 when the market rate of interest was 12.
on december 31if net income equals 15000 and the ending owners equity is 20000 and forbes invested an additional 2600
you can buy a machine for 108000 that will produce a net income after operating expanses of 12500 per year. if you
write a short essay between 400 and 500 words responding to the assignment below. you are expected to use the textbook
15) Wayne and Maria purchase a home on April 1 of the current year. In order to obtain a thirty-year mortgage, they are required to pay $7,200 in points at closing. Charging points is a customary business practice in the area. In addition, the..
with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax, is
Mars Corporation has three departments. Condensed income statement data are as follows:
westerville company reported the follwoing results from last years operationssales.......1000000.00variable
Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system? Is it necessary to take physical inventory when using the perpetual system?
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