In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each year, what period would the first revision and update to the January through December 2017 budget cover?
A. February 2017-January 2018
B. April 2017-March 2018
C. March 2017-February 2018
D. December 2017-November 2018
E. January 2018-December 2018
Answer: B
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Indicate whether the statement is true or false
In year one, McClintock Co. acquired a truck that cost $75,500 with an estimated $14,000 salvage value and 4 year estimated useful life. Depreciation in the first year was $15,375. McClintock had the following transactions involving plant assets during Year 2. Unless otherwise indicated, all transactions were for cash. Jan. 5Paid $5,000 to put a new engine in the truck that is expected to make the truck run more efficiently and increase the truck's useful life by one year. The salvage value did not change.Mar. 1Paid $2,000 to replace a broken tailgate that was damaged when a heavy carton was inadvertently dropped on it.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?
Jacob is preparing his résumé to apply for accounting and finance jobs. Omitting information related to his _____ will NOT affect the effectiveness of his résumé
A. educational qualification B. religion and race C. work experience D. position objective
Compute the present value of $46,000, invested for six years at 8%
Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816 0.794 0.772 4 0.823 0.792 0.763 0.735 0.708 5 0.784 0.747 0.713 0.681 0.650 6 0.746 0.705 0.666 0.630 0.596 7 0.711 0.665 0.623 0.583 0.547 A) $36,647 B) $25,300 C) $32,660 D) $28,980