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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?
choose a publicly traded company involved in a merger or acquisition transaction that occurred in the last five years
question ken is 63 years unmarried and old. he retired at age 55 when he sold his business understock.com. while ken is
preparation of income statement and retained earnings.on june 1 fix-it-up service co. was started with an initial
computation of cash flow from financing activities using given data.given the following financial statements for acme
What should you do? What if you really believe lower profitability is caused by factors outside your control? Would this make the false reporting acceptable?
Assume that only T1 and T2 are completed during the current period. Illustrate what is the amount of gain reported in A Company's consolidated financial statements?
Are non-profit and governments required to depreciate assets
Great Corp. sells its product for $30. Variable costs are $10 per unit. At the current volume of 40,000 units sold per year, the company is just breaking even. Given this data, the annual fixed costs are?
What casualty loss deduction from this accident can Jim combine with his other casualty losses in computing his itemized deductions?
If Utah paid $300,000 in cash for Trimmer, what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31, 2011 consolidation?
At the end of 15 years the salon will have a salvage value of $75,100. Compute the annual rate of return on the project.
Elucidate how this strategy avoids double taxation, including examples of other shareholder-corporation transactions that could be used for such purpose. Also, discuss the possible pitfalls surrounding corporate payments to shareholders.
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