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Proper internal controls
Identify at least three ways to that one would use in assigning authority and responsibility within an organization and identify at least one challenge in maintaining proper internal controls.
The department actually completed 5,000 hours of production. Find out the budget for the department assuming that it uses flexible budgeting?
Make two income statements and the Retained Earnings Statement. Use the single-step format and multiple-step income formats and find the Basic earnings per share
Inventory and Cost of sales - Need to evaluate amount of cost of goods sold using: FIFO, LIFO and weighted average.
DPS would use the property for a new state highway patrol barracks; Second Baptist would start a church school; and Baker would open a car dealership. If you are the financial adviser for the school district, which offer would you prefer? Why?
Understand how fixed and variable costs behave and how to use them to predict costs, analyze a mixed cost using the high-low method and prepare an income statement using the contribution format.
Prepare journal entries and t accounts, what is asked of me is follows: earned 208,000 in revenue, including 52,000 on credit and the rest in cash.
Sold 9,000 shares of the treasury stock purchased in transaction d for $29 per share and declared a cash dividend of $3.50 per share on the preferred stock outstanding, to be paid early next year.
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable and inventories.
Work in Process Inventory 25,000 Cash 25,000(This is for materials put into process and manufacturing Overhead 12,000 Cash 12,000(This is for bonuses paid to salespeople.
Rambles Toyland makes a product that sells for $70 per unit and has $45 per unit in variable costs. Annual fixed costs are $24,000. How many units must be sold to earn a profit of $12,000?
What amounts will appear on the financial statements of Fine Foods for Accounts payable, on the June 30, 2011, balance sheet, accounts receivable on the June 30, 2011 balance sheet?
Among the short-term obligations of Daisy Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Madison National Bank. These are 90-day notes, renewable for another 90-day period.
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