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(1) What is the difference between a flexible and a static budget? Why is a flexible budget more commonly used by companies than a static budget?
(2) What does it mean to have goal congruence to meet corporate goals? Why is goal congruence so important?
(3) There are three popular methods for determining advertising dollars for a budget. Please provide an example of how ONE of these three methods could be used for a company that manufactures shoes.
(4) What is qualitative forecasting? Describe one of the methods of qualitative forecasting.
(5) What is activity-based budgeting? What is an important step of activity-based budgeting?
(6) Describe the Delphi qualitative approach to forecasting. What is the advantage of this approach?
(7) What is the sales budget? Why is it important to prepare the sales budget first?
What was the amount of depreciation and amortization for the year end? Compute the asset turnover ratio for the year end
He wants you to reduce the proposed audit fee and rely on the internal audit department for much of the work. How would you respond to Dan?
in 2004 link realty company purchased a tract of land for 9000000. link developed the land into an industrial park at
The Holland sofa company sells on terms of 3/10, net 30. Gross sales for the year are $1.2 million and the collection department estimates that 30 percent of customers pay on the 10th day and take discounts; 40 percent pay on the 30th day; and the..
Revenue Recognition - Suppose for purposes of this question that Cisco closes its books quarterly. What journal entry or entries did Cisco make on October 31, 2011?
lyons company consists of two divisions a and b. lyons company reported a contribution margin of 50000 for division a
The company is confident regarding its estimates. What amount of profit, if any, should Fast Builders recognize for the first year?
What is the budgeted manufacturing overhead cost per output unit in January 2018? Calculate the cost of a snowboard manufactured in January 2018.
the lotion co. which produces and sells to wholesalers summer lotions wants to now produce winter products. it will
Describe the main features of a partnership and explain their importance to anyone considering starting such a business.
Is short-run revenue maximization necessarily inconsistent with the more traditional long-run profit-maximizing model of firm behavior? Why or why not?
Distinguish between the two types of payroll deductions and give examples of each.
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