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Problem 1: Suppose that at the beginning of October, you have 10.000 TL and go to a bank to open a term deposit account for the next three months (October, November, December). Bank officer tells you that their annual interest rate for this product is 200 basis points higher than the September 2020 corresponding inflation rate announced by TUIK. He also states that you would be earning monthly interest on the product. Assuming that this is a compounding interest question and the inflation rate announced would prevail in the next 3 months, what would be you total interest income at the end of December 2020? (Ignore tax etc.)
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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