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Question: National Park Service The National Park Service prepared the following budget for one of its national parks for 20X1:
The fees were based on an average of 25,000 vehicle-admission days (vehicles multiplied by number of days in parks) per week for the 20-week season, multiplied by average entry and other fees of $10 per vehicle-admission day. The season was booming for the first 4 weeks. During the fifth week, however, there were major forest fires. A large percentage of the park was scarred by the fires. As a result, the number of visitors to the park dropped sharply during the remainder of the season. Total revenues fell $1.2 million short of the original budget. Variable costs fell as expected, and fixed costs were unaffected except for hiring extra firefighters at a cost of $300,000. Prepare a columnar summary of performance, showing the original (static) budget, sales-activity variances, flexible budget, flexible-budget variances, and actual results.
Record all January transactions in the general journal and post to the general ledger, work in process inventory and finished goods inventory subsidiary ledgers. Skip a line between each journal entry. Omit journal entry explanations. Calculate an..
Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account titles.
analyze the environment processes and procedures at your work or school to determine which aspects can be controlled
Review the requirements of the Sarbanes-Oxley Act, which requires public companies to engage independent auditors. Does the monitoring function have to be done.
The date of sale, was sold for $24,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
What are some of the arguments in favor of using the indirect (reconciliation) method as opposed to the direct method for reporting a statement of cash flows?
You are one of three partners who own and operate Marys Maid Service. The company has been operating for seven years. One of the other partners has always prepared the companys annual financial statements.
Contemporary Issues in Accounting - Sustainability Reporting in Accounting You need to prepare a video presentation of given report
a company that produces a single product had a net operating income of 84000 using variable costing and a net operating
Discuss the treatment, if any that should be given to each of the following items in computing earnings per share of common stock for financial statement reporting.
Is the probability of having a graduate degree independent of the grade the employee is in? Construct a 95% confidence interval on the mean service for each gender? Do they intersect?
what would be recorded in the common stock account on the balance sheet if 20000 shares are issued at a par value of 2
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