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Question - Business Plan- Budgeting - Financial Statement Analysis: By studying the role of accounting information in a business, you convince yourself that it is now the time to start on embarking a new small business. For this task, it is recommended to choose a simple trading or service business with a single product cost such as the Campus Fruit Juice Truck or other small businesses such as a coffee, doughnut or hot dog stand, soccer ball shop or a headphones shop, car wash, music studio/tuition, mini-golf hire, among others.
Prepare a business plan and the first quarter Cash Budget for this business, create transactions, prepare a column worksheet for each month for the first two months of the business operation, and develop financial statements and finally analyze your business performance. The following are the detailed requirements.
Preparation for the conversation with the candidate as well as the business manager. You had originally had some reservations about presenting
Determine for March 2017 the equivalent units of production for conversion costs. March 1, 2017, Alpha Company's beginning work in process inventory
Discuss the price-fixing restrictions. Find examples of price-fixing arrangement. Choose one example and explain how competitors colluded to fix prices
No salvage value is expected to be recovered at the end of its life. Tax rate is 30%. Determine the accounting rate of return
Find the raw materials purchased during May totaled. During May, $61,000 in raw materials (all direct materials) were drawn from inventory
Applied FOH is 30% of prime cost. Order starting date is July 22, 2020 and completion is August 30, 2020. Prepare the job cost sheet and determine net profit
Depreciation Tax Shield Your firm needs a computerized machine tool lathe. Calculate the depreciation tax shield for this project in year 3.
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If Schneider decides to use the actual results from year 1 to determine the year 2 overhead rate, what is the year 2 overhead rate?
Evaluate Len's ethical behavior. In this evaluation, consider his concern for his employees. Was he justified in taking the actions described?
Which will increase the difficulty of committing fraud? Segregate the accounting functions of authorization, recording, and custody
Describe the other commonly used method that Volker could use to account for its by-product. Determine the cost per litre for each of SCXX and FX45.
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