Managerial compensation and performance evaluation
1-What role does the budgeting activity play in managerial compensation and performance evaluation?
2-Discuss briefly the type of information contained on (a) a bill of materials and (b) an operations flow document?
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Kennedy Company has the following collection pattern for its accounts receivable: Kennedy Company has the following collection pattern for its accounts receivable:How much should the company expect to collect on its receivables in June?
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What role does the budgeting activity play in managerial compensation and performance evaluation?
On December 31, 2013, Seal Company sold the machine to a nonaffiliated firm for $35,000. On the consolidated statements, how much gain or loss on the intercompany machine sale should be recognized in 2011, 2012, and 2013? Explain your answer.
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On January 5, 2013, the company determined that the copyright would expire at the end of 2018. How much should Hepburn record as amortization expense for this copyright for 2013? (Round your answer to the nearest dollar amount.)
Popeye Company purchased a machine for $480,000 on January 1, 2012. Popeye depreciates machines of this type by the straight-line method over a five-year period using no salvage value.
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