Associate Level Material Appendix C Budgets Matrix Directions: Using the matrix‚ define each of the budgets listed and briefly describe its uses. |Budget |Definition |Describe its uses | |Sales budget |An estimate of expected sales for the budget period. |Is used to compare
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business. In a trading business‚ he will buy goods at a lesser price and sells the same to others at a higher price. In case of manufacturing business‚ he has to buy raw materials and incur other expenses in the form of wages and salaries‚ rent‚ power‚ insurance‚ tax‚ transport‚ postal and telephone expenses and so on‚ in the course of production and distribution of goods. In a small sized business the transactions are simple and less in number. But in a large sized business the transactions are numerous
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amount owed to a particular creditor. (d) The portion of total current assets that consist of cash. Q5. Goods worth Rs.100 taken by proprietor for domestic use should be credited to (a) Sales account (b) Proprietor’s personal expenses (c) Purchases account (d) Expenses account Q6. Rs.200 received from Smith whose account‚ was written off as a bad debt should be credited to: (a) Bad Debts Recovered account (b) Smith’s account (c) Cash account (d) Bad debts account Q7. When the balance as per
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may shed light on Patty’s needs and source of conflict with Jim. Sources of Power Jim holds two significant sources of power as defined in Chapter 9‚ Power‚ Conflict‚ and Coalition: 1. Control of Rewards: Jim has the ability to provide an expense account to Patty‚ the only concern of hers discussed in the case. 2. Alliances and Networks: Jim is good friends with Patty’s manager‚ Allen. He also has established a great relationship with Eric Johnson‚ a bank executive. Jim needs to focus
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managed to erode the company market value from $180 billion in 1999 to approximately $350 million today. In June of 2002‚ Cynthia Cooper‚ Vice President of internal audit‚ uncovered suspicious capitalizing of line costs that had been treated as expenses in prior years. Cooper brought the "accounting discrepancy" to the attention of Scott Sullivan‚ Chief Financial Officer at the time. Sullivan dismissed Cooper’s concerns and attempted to convince her to postpone the audit. Unfortunately for Sullivan
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Case 5A - Glaser Health Products BUS 630 Managerial Accounting Wendy Achilles February 25‚ 2013 Case 5A – Glaser Health Products Glaser Health Products of Ranier Falls‚ Georgia needs assistance in evaluating and classifying costs in order to implement an activity-based costing system. As stated in the case‚ these costs will be used for planning and control decisions rather than inventory valuation. The activity-based costing system will provide better allocation of Glaser’s overhead costs rather
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RUPEE DEPRECIATION – INDUSTRY IMPACT January 9‚ 2012 Backdrop The rupee has‚ between August and December 2011‚ depreciated by 21%. This depreciation has caused much concern among industry groups as imports have become expensive‚ thereby amplifying costs of production and operation‚ and ultimately profitability. Given that India is a net importer with a sizable trade deficit‚ the net impact has to‚ a priori‚ be negative. Objective The aim of this study is to identify vulnerabilities on
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1. The BCF taken from Exhibit 9 for new markets. 2. Corporate expenses assumed at 5% of incremental BCF. It is expected that corporate expenses will not increase significantly with the new acquisition since Radio One already has centralized functions which can handle the new acquisitions. 3. Working capital taken as 25% of net revenues. The working capital percentage has been declining and was 22% in 1999. 25% is average of 1998 and 1999. 4. Capital expenditure is given as $100 per station 5
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services with customers. Their expertise helps Fojtasek maintain a stable revenue and profit. The most significant concern is that the offer from Heritage Partners helps Fojtasek to avoid the fear of losing control to the firm and a huge interest expense payment from long term debt that is implied by traditional buy-out and leveraged recapitalizations. Fair market value of the firm: Rm: Prime rate = 9% rf: risk free rate = 7.2% Average Unleveraged beta bu = = .839 Assume that growth rate
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costs are incurred. The number of hours estimated are as follows: JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember120‚000125‚000130‚000128‚000142‚000154‚000165‚000178‚000190‚000The company pays $1.50 per direct labour hour. d) Operating Expenses are estimated to be $332‚000 per month and this is paid end
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