Questions from General Accounting

Q: Google prepares a cash budget. What is a cash budget?

Google prepares a cash budget. What is a cash budget? Why must operating budgets and the capital expenditures budget be prepared before the cash budget?

Q: SBD Phone Company sells its waterproof phone case for $90 per

SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per unit. Compute the units of product that must be sold to earn pretax incom...

Q: The motivation of employees is one goal of budgeting. Identify three

The motivation of employees is one goal of budgeting. Identify three guidelines that organizations should follow if budgeting is to serve effectively as a source of motivation for employees.

Q: Identify which of the following sets of items are necessary components of

Identify which of the following sets of items are necessary components of the master budget. ______ 1. Operating budgets, historical income statement, and budgeted balance sheet. ______ 2. Prior sales...

Q: Compute the annual dollar changes and percent changes for each of the

Compute the annual dollar changes and percent changes for each of the following accounts.

Q: Classify each of the performance measures below into the most likely balanced

Classify each of the performance measures below into the most likely balanced scorecard perspective it relates to. Label your answers using C (customer), P (internal process), I (innovation and growth...

Q: In each blank next to the following terms, place the identifying

In each blank next to the following terms, place the identifying letter of its best description. ______ 1. Cost center ______ 2. Investment center ______ 3. Departmental accounting system ______ 4. Op...

Q: In each blank next to the following terms, place the identifying

In each blank next to the following terms, place the identifying letter of its best description. ______ 1. Indirect expenses ______ 2. Controllable costs ______ 3. Direct expenses ______ 4. Uncontr...

Q: Park Co. is considering an investment that requires immediate payment of

Park Co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000 annually for four years. What is the investment’s payback period?

Q: Yokam Company is considering two alternative projects. Project 1 requires an

Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $400,000 and has a present value of cash flows of $1,100,000. Project 2 requires an initial investmen...