three-quarters is paid for in the following month. The accounts payable at December 31 are the result of December purchases of inventory. f. Monthly expenses are as follows: commissions‚ $13‚050; rent‚ $2‚150; other expenses (excluding depreciation)‚ 7% of sales. Assume that these expenses are paid monthly. Depreciation is $2‚500 for the quarter and includes depreciation on new assets acquired during the quarter. g. Equipment will be acquired for cash: $3‚700 in January and $9‚050 in February. h
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Theme: ―Sustaining Confidence in the Future of the Ghanaian Economy‖ REPUBLIC OF GHANA BUDGET SPEECH BUDGET STATEMENT AND ECONOMIC POLICY of the GOVERNMENT OF GHANA for the 2013 FINANCIAL YEAR Parliament On th Tuesday‚ 5 March‚ 2013 PRESENTED TO SETH E. TERKPER Minister for Finance On the Authority Of the H.E PRESIDENT JOHN D. MAHAMA 1 Theme: ―Sustaining Confidence in the Future of the Ghanaian Economy‖ INTRODUCTION 1. Mr. Speaker‚ I beg to move that this
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Impact of Budget Deficits Fiscal and monetary policies are used to control the economy but their effects on the federal government’s budget deficits can be huge. The use of fiscal policy to help solve the macro problems is common. Basically government spending is increased‚ tax cuts are put into place‚ and there is increases of transfers to lower employment are all fiscal stimuluses’ used to keep the economy from falling. Just the opposite is fiscal restraint where government spending is decreased
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Possible budget cuts to State Dept.‚ foreign aid draw bipartisan opposition During the past few weeks‚ news in Washington has focused on the extreme budget cuts proposed by the Trump administration. Namely‚ the almost 30% decrease in the budget of the State Department has drawn bipartisan opposition. According to individuals on both sides of the political spectrum‚ underfunding the Department of State would negatively affect the United States’ national security. Though the White House claims that
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Peggy Hettrick‚ I hold ultimate authority. I must responsible for assuring the rights of Tim Masters‚ and the interest of the public. I have to determine rather or not the evidence in the brought against Tim Masters was obtained lawfully and that the prosecution did not violate any of Tim’s rights in the process. It is also my job to determine rather or not the prosecutor has established that Tim masters is guilty under the code of the law. Prosecuting Attorney As the prosecuting attorney‚ or the
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Master Production Schedule (MPS) : A Master Production Schedule is a Schedule of the completions of the end items and these completions are very much planned in nature. Master production schedule acts as a very distinct and important linkage between the planning processes. With the help of this schedule‚ one can know the requirements for the individual end items by date and quantity. In companies‚ MPS are generally produced in order to know the number of each product that is to be made over some
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out with this career project my personal budget was kind of hard to make ends meet‚ but in the end I did find a way to successfully solve it with where I feel I have enough money left over. I feel like this personal budget project has been very challenging‚ and is also helping me understand and how to use a computer. Compared to what I see other people’s budget mine is kind of low. I chose the profession of becoming a middle school teacher. With my budget I had to make a change of my house and my
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Master Patient Index i Master Patient Index Master Patient Index 1 Master Patient Index (MPI) and the Primary Key are important parts of a health care organizations database. They help in the retrieval and organization of data in an organizations data base. The Master Patient Index (MPI) is an electronic medical database that holds information on every patient registered at a health care organization (TechTarget‚ 2011). The information that is contained in the patient record is things
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Excessive Borrowing: Our Federal Government ’s Budget Deficit Maria comes home one day earlier than usual. Her family‚ two daughters of age five and eight and a stay-at-home husband‚ is surprised to see her so early and unexpectedly. The tired look on her face reveals the experience she had at work. She brings out a sluggish smile as her daughters rush up to greet her with their warm embraces‚ reminding her of the happiness they constantly provide but also saddened by their questionable future
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Question 1: Prepare a variance analysis report based on the information in Exhibit 1. Would this be sufficient to explain the profit shortfall to Norton at the 8 AM meeting? This revenue variance is positive and favorable. That means they made more than the budget. However‚ the variance amount of expenses was $342‚060‚ which was unfavorable. That means they spent more than what they had budgeted for. The perform a variance analysis report Jenkins calculated would not be sufficient in order to explain
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