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1. Explain the different reason why a manager might submit a budget estimate that is biased. How do you guard against this?
2. Give some examples of how a manager might achieve his or her budget by methods that are harmful to the organisation. How would you stop this?
The Bruning Company has the following budgeted income statement for the month of May 2014. Sales (40,000 units) $2,000,000 Cost of goods sold: Direct materials $300,000
McBride Medical had a cash balance of $7,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in the increments of McBride pays its vendor on the last day of the month also. The company had ..
a company uses a job cost system and allocates overhead on the basis of direct labor hours with over- or under
b2b co. is considering the purchase of equipment that would allow the company to add a new product to its line.the
A company issued 6%, 15-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell?
Mar. 2 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,500; $1,500 was paid in cash and $2,000 will be paid on March 10.
Calculate the price of the bond you have selected relative to the 5%. Is the bond selling at a premium or a discount? Why? Be sure to show how you arrived at your answer. What other factors may influence the value of a bond?
Evergreen has hired an accountant to prepare financial statements to determine how well his company is doing after three months. All adjustments affect one balance sheet account and on income statement account. For each of these situations, show the ..
lasso and markowitz is a law firm that is initiating an activity-based costing system. sam lasso has prepared the
Earned $11,000 for services rendered: $3,000 cash is received from customers, and the balance of $8,000 is billed to customers on account.
the amos billings and cleaver partnership had two assets 1 cash of 40000 and 2 an investment with a book value of
Compute the amount of depreciation and depletion expense for each of the 3 years (2010, 2011, 2012). Assume that the roads are usable only for logging and therefore are included in the depletion base.
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