This is expected to be paid back within 8 years by monthly paid instalments of £5.718.41 which was calculated on a 5.1% interest rate. 3.1.11 Master Budget The master budget is “a summary of company’s plan which formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statement”. (Reference
The Lockit Company manufactures door knobs for residential homes and apartments. Lockit is considering the use of simple (single-driver) and multiple regression analyses to forecast annual sales because previous forecasts have been inaccurate. The new sales forecast will be used to initiate the budgeting process and to identify more completely the underlying process that generates sales. Larry Husky, the controller of Lockit, has considered many possible independent variables and equations to predict sales and has narrowed his choices to four equations. Husky used annual observations from 20 prior years to estimate each of the four equations.
One of the items was sold during the year. Required: Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory, assuming use of: a. LIFO b. FIFO c. Weighted average (total cost/total number) | |Cost of goods sold |Ending inventory | |LIFO |700 |800 | |FIFO |800 |700 | |Weighted Average |750 |750 | Problem 2. Teague Company purchased a new machine on January 1, 2012, at a cost of $150,000. The machine is expected to have an eight-year life and a $15,000 salvage value. The machine is expected to produce 675,000 finished products during its eight-year life.
He needs to have $21,000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target? (Round to nearest dollar) • $26,454 • $19,444 • $22,680 • $16,670 21. Which of the following presents a summary of changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period? • the statement of net worth • the statement of cash flows • the statement of working capital • the statement of retained
Government Assignment 2 – Electoral Processes P3 - Additional information * How long does an election campaign last? An election usually lasts about 3 weeks. * What is a general election? A general election is held when parliament is dissolves by the monarch on the advice of the prime minister of the day. Elections are held around every 5 years.
Politicians in Washington were supposed to work on a permanent plan over the past year and a half. Last year's temporary payroll tax cuts will expire, hiking taxes on all workers by two percent. Everyone will have to make the decision what they feel will be the best interest for the U.S. economy (Hoehn) . Both parties agree that something must be done. They must find a solution to fix the debt for the U.S.
It is approved on November 6 2012 as a Ballot in California to be an initiated constitutional amendment. The ballot had a 53.9% favor for the proposition to be passed. With the new proposition it would raise sale’s tax from 7.5% from 7.25%. It also creates four high-income tax brackets for taxpayers with taxable incomes exceeding $250,000, $300,000, $500,000, $1,000,000. These tax increases will be in effect for 7 years in hopes to balance the budget cuts in higher education.
This payment will carry pensioners through until the next budget when the government’s review of pension arrangements will be announced. This measure is worth $4.8 billion. There will be a $3.9 billion package of assistance to low and middle income earners. Around 3.8 million dependent children and children in various forms of care will receive a one-off payment of $1,000 on December 8.The government will double the first home buyers grant to $14,000. First home buyers who build a new house will receive $21,000, in an attempt to stimulate the construction industry.
In August 2012, Department of Defense and Congress approved a five-year property tax levy lid lift of seven cents per $1,000 of assessed value. The cost to the median homeowner in Hartford County will be $25 per year, which will raise approximately $10 million for construction of the new Aberdeen Youth Center Children at the current site. The project will be built beside three historical buildings on site - the World War II headquarters, barracks and museum with new, modern, efficient structures. Department of Public Work (DPW) will oversee design and construction of the new
Summary: a. The main point of this article is to figure out the best possible way to lower the budget deficit that the U.S. currently holds. There are three plans that have been presented by the government. Plan A was a proposal by the White House which projected a $7 trillion dollar deficit over the next ten years. The House of Republicans created a Plan B which is said to result in a $6 trillion deficit.