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Rex, a budget officer, conducted a class for nonaccounting managers and program directors on the subject of budgets. Rex began the class discussion by asking, What are some of the uses of a budget? One manager replied, Planning. Another said, Evaluating performance. Still another suggested, Coordinating activities. What about implementing plans? inquired another. Or communicating them? added still another. Don forget motivation, one manager warned from the rear of the room.I on the school board, commented another, and we use it to authorize actions. Finally, one manager asked, Can budgets do all that? Yes, Rex responded, all that and more. Select four of the uses suggested by the mangers, and explain how budgets accomplish those uses.
Ludwig, Inc., which owes Giffin Co. $1,600,000 in notes payable, is in financial difficulty. To eliminate the debt, Giffin agrees to accept from Ludwig land having a fair value of $1,220,000 and a recorded cost of $900,000.
The redemption qualifies for sale or exchange treatment, and Ali has no other transactions in the current year involving capital assets?
Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
george contributed 3000 food shelter and medical care toward the support of his nephew andy who lives with him. andy
1.the fixed factory overhead application rate for product-costing purposes is equal toa.the denominator activity
middot what are the alternative tax years available to a corporation? what factors should be considered in
cleary company had total sales of 550000 sales discounts of 10000 sales returns of 40000 and cost of merchandise sold
a firm has a retention ratio of 40 percent and a sustainable growth rate of 7.60 percent. the capital intensity ratio
dundee company issued 1000000 par value 10-year bonds at 102 on january 1 2005 which mega corporation purchased. the
paseo industries has adopted the following production budget for the first 4 months of 2013.month nbspnbspnbsp
Choose a client or yourself. For confidentiality purposes, use a fictitious name.
armstrong corporation manufactures bicycle parts. the company currently has a 20400 inventory of parts that have become
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