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Please I need help answer these three accounting question need ASAP
1) Let's say you are in a meeting and someone says: "I don't see the point of making a detailed budget when our industry is so unstable right now. Sales are almost impossible to predict."
What would your response be, drawing on concepts from this course 2) What is this designation? How do you get it? How might it help someone who has a commitment to a career in accounting. 3)You are sitting in a meeting and someone looks at a capital budgeting analysis and says "I don't see the point of investing in this project because the NPV of the project is zero. At this rate, it makes no sense to go through all this effort only to break even". What would you say?
Calculation of the equivalent units for conversion costs in process costing and What were the equivalent units for conversion costs in the Lubricating Department for October
A company had inventory of 8 units at a cost of $12 each on December 1. On December 2, they purchased 8 units at $21 each. On December 6 they purchased 7 units at $23 each. On December 8, they sold 18 units for $52 each. Using the LIFO perpetual i..
If you were a business owner or manager, illustrate what would you do to collect on a customer unpaid bill? At what point would you deem the account bad debt and write it off?
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The real estate is subject to a $1,700,000 mortgage and Nathan made taxable gifts in 2005 totaling $2 million at which time he claimed the maximum unified credit of $345,800 and paid gift tax of $435,000. Illustrate what is the amount of his estat..
What is the appropriate balance for the Allowance for Doubtful Accounts at year-end? and Show how accounts receivable would be presented on the balance sheet.
What are International Financial Reporting Standards
In connection with this contract, Mill incurred $2,000,000 of construction costs during 1996. Mill billed and collected $3,000,000 from Drew in 1996. Illustrate what amount should Mill recognize as gross profit for 1996?
Prepare contribution format segment income statements
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John thinks the losses were particulary large because his company has too much fixed assets. Expand on johns thoughts. Explain how the large bosses related to fixed costs? identify a way that john can turn potential fixed costs into variable costs
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