If you were to open a small business with the knowledge and skills you have acquired to this point, would you prefer to keep your accounting records on the cash basis or the accrual basis? Reflect on the differences between cash basis and accrual basis accounting, and explain why you selected one option over the…
You are the managerial accountant at Reliable Company. You have been assigned to support the marketing department and manage its master budget. The marketing department is responsible for the following: Managing the firm’s marketing Hiring subcontractors Selling the consulting expertise to smaller outside firms The department’s expenses are as follows: Salaries and benefits…
If you were the accountant at your current (or former) place of employment, would you prefer to use static or flexible budgeting? Explain your rationale and the factors that drive your choice. Your journal entry must be at least 200 words in length and at least one source from the CSU Online…
You are the plant accountant for a company that makes a popular brand of basketball shoes. Currently, your company sells 1,000 pairs of shoes each month for $100 apiece. The variable costs are 40% of sales, and the fixed costs are $35,000/month. The company’s advertising director is asking for an increase in her marketing budget…
Discuss if you think ABC Manufacturing is properly using the budget process to plan for next year’s expenses. Discuss the comment about the president cutting the budget each year in terms of proper leadership and control? Discuss the ethical issues related to inflating the budget. Adhere to APA Style when constructing this assignment, including…
Part 1: Based on the data presented in the Spreadsheet Template in Excel (CM Breakeven tab): Calculate the contribution margin (CM) for each of the three products sold at the cookie business. Calculate the weighted average CM. Calculate the breakeven point. Complete your calculations by filling in the highlighted cells, and embed a…
This list contains costs that various organizations incur; they fall into three categories: direct materials (DM), direct labor (DL), or overhead (OH). Classify each of these items as direct materials, direct labor, or overhead, and provide the rationale for your classification decision. Glue used to attach labels to bottles containing a patented medicine.…
Select a Fortune 500 company or another company you are familiar with. Consider pharmaceuticals, computer hardware, retail, or automotive industries for your selection. If you choose a company that is not in the Fortune 500, ensure that enough financial information and key performance indicator results are available to complete the assignment. Research…
For this assignment, you will research and compare international and U.S. accounting standards. This will enable you to see how the different reporting methods affect business and how product costs are affected by international business. Using the Unit IV Research Report Template, prepare a four- to five-page written report with at least three scholarly…
Scenario: Steven J. Trzaska was the head of L’Oreal USA’s regional patent team, managing the procedure by which the company patented products. As an attorney barred in Pennsylvania, Trzaska had to adhere to professional rules of conduct established by the Supreme Court of Pennsylvania in addition to rules promulgated by the US Patent and…