Answer:
Cash flow is important to government entities because:
As with non-government entities, cash flow is important to government organizations because it is required for the operations of any organization regardless of whether they are government-owned or not, for-profit or not.
The measurable difference in the cash balance of any organization from one period to the next is referred to as Cashflow. No business or entity can continue operations if they keep taking out or spending more cash than they can make.
An administrator can plan for cash flow using a Cash Flow Planner.
This can take the form of a simple excel spread sheet with one column showing on one side all the monies that one is expecting to come in (Account Receivables) and an adjacent column showing all the monies one is expecting to pay out (Account payables).
At the bottom of the excel, you can show the bank balance.
There are specialised apps that help perform this function. An example would be Quickbooks, Planware, Cash Flow Planner, etc.
Cheers!
Consumer demand, Opportunity cost
Answer:
$518,700
Explanation:
For the computation of unadjusted cost of goods sold first we need to find out the total cost of Job F21X and cost per unit which is shown below:-
The Total cost of Job F21X = Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied
= $45,150 + $363,300 + $161,700 + $207,900
= $778,050
Cost per unit = Total cost of Job F21X ÷ Number of units
= $778,050 ÷ 10,500
= $74.10
Cost of goods sold = Completed units from Job F21X × Cost per unit
= 7,000 × $74.10
= $518,700
<span>Sole Proprietorship - These businesses are possessed by one person.
Sole proprietorships possess all the assets and incomes.
Partnerships - two or more people share possession of a single business
there is a legal agreement that profits will be shared and capital must be shared by each partner.
Corporations – these are chartered by the state, taxed, and the possessors of a corporation are its stockholders.</span>
Answer:
The answer is: An appraisal the practitioner prepared in connection with the client's 2013 federal income tax return.
Explanation:
<u><em>IRS Circular 230, § 10.28 Return of client’s records. </em></u>
<em>(a) In general, </em><em>a practitioner must, at the request of a client</em><em>, </em><em>promptly return any and all records of the client that are necessary for the client to comply with his or her Federal tax obligations.</em><em> The practitioner may retain copies of the records returned to a client. The existence of a dispute over fees generally does not relieve the practitioner of his or her responsibility under this section.</em>
At the request of the client the practitioner must return all the records related to the client's 2013 federal income tax return and any appraisal prepared in connection to those records.
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