performance (T/F) | | Definition True | | | Term A well-developed budget can operate and enforce itself. (T/F) | | Definition False | | | Term The budget itself and the administration of the budget are the responsibility of the accounting department. (T/F) | | Definition False | | | Term The flow of input data for budgeting should be from the highest levels of responsibility to the lowest. (T/F) | | Definition False | | | Term Effective budgeting requires clearly
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2/10/2013 Judgment JUDGMENT Enunciation Proposition It is defined as a mental process by which the intellect makes a pronouncement on the agreement or disagreement of ideas. It is also the process by which the intellect compares two (2) ideas. If the pronouncement is the agreement of ideas‚ it is called affirmative judgment. If there is a disagreement‚ then it is called negative judgment. By nature‚ a judgment‚ whether that is affirmative or negative‚ can be true or false. TRUE
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Painting Construction‚ Inc. v. St. Paul Fire & Marine Ins. Co. 23 Cal.App.4th 738‚ 29 Cal.Rptr.2d 199 Cal.App. 2 Dist.‚1994. 1. “One Final Judgment Rule” [2] [pic]Initially‚ St. Paul contends that this action is barred by the “one final judgment” rule. In support of its argument‚ St. Paul cites cases which set forth the doctrine of res judicata. St. Paul reasons that the judgment T & R obtained against Capitol after arbitration precludes any subsequent proceedings against St. Paul because a
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Case Study in Managerial accounting Case 1: Southwest Airlines Part A : General Information Company Name: Southwest Airlines Co. Company is traded on the New York Stock Exchange trade market (NYSE) with symbol LUV. Corporate Headquarters are located at the physical address: 2702 Love Field Drive‚ Dallas‚ Texas 75235. Corporate Web Site: http://www.southwest.com. Corporate Web Site for business travelers: http://www.swabiz.com/ Industry Classification Company operates in the Industrial
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cards‚or paypals online payments.Several peoples in other country using their expertise to hacked our online banking systems.form my obvious many people’s doing the payments by self revealed themselves into troubles.they paying for the item but after 2 weeks they not received their goods.there is solution‚if we have dealing on the item‚we should go the bank and let the bank workers doing the payments through banking system.in addition‚if payments through the bank more safer than we use our online
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Chapter 1 Managerial Accounting‚ the Business Organization‚ and Professional Ethics Management accounting produces information for managers within an organization. Financial accounting produces information for external parties‚ such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies. What kind of accounting information do managers need to achieve their goals and objectives? Good accounting information helps answer three types of questions: 1. Scorecard questions 2. Attention-directing
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References: Ball‚ L.‚ & Mankiw‚ G. N. (1995). WHATDO BUDGET DEnCrrS DO? NBER WORKING PAPER SERIES‚ 2-38. Central Bank Nigeria. (2011‚ march 1). Data and Statistics. Retrieved from Central bank of Nigeria website: http://www.cenbank.org/Rates/ Central Intelligence agency. (2013‚ January 1). The world factbook. Retrieved from Central intelligence agency:
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Case 9-4 Trueblood Case 09-4 Solution Case 9-4 How should NeedsSpace account for the two obligations noted as provisions in the lease agreement? ● Provision 1: “Lessor may require the lessee to perform general repairs and maintenance on the leased premises.” By entering the lease agreement‚ NeedsSpace (the lessee) becomes legally and contractually responsible for performing general repair and maintenance on the leased premises. Assuming that the lessee is required to make deposits to financially
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Accounting Alternatives Case At the beginning of the year 20x1‚ two companies began operations to sell home heating units. Eads Heaters Inc. is located in Eads‚ Colorado‚ and Glenwood Heating Inc. is in Glenwood Springs‚ Colorado. The companies operate under similar economic conditions and have identical operations during the year. However‚ each manager makes different accounting choices and estimates when applying generally accepted accounting principles (GAAP) in preparing the company’s financial
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LEARNING OBJECTIVESS After reading this chapter‚ you will be able to answer the following questions: 1. What major factors are driving the internationalization of business? 2. What are the alternative strategies for developing global businesses? 3. How can information systems support different global business strategies? 4. What are the challenges posed by global information systems and management solutions for these challenges? 5. What are the issues and technical alternatives to be considered
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