Josh’s supervisor stopped in his office with his budget all marked up in red. There were several expenses that showed unfavorable variances and his supervisor wanted an explanation! What can Josh do to show that the variances in expenses were due to an increase in sales?

Revenue can remain stable, but variable expenses change due to:

The state of Texas is experiencing the ravages of the covid-19 pandemic and the collapse of the oil industry simultaneously. The stresses on local budgets are growing. Now, consider yourself a local government official in your city. The city needs to raise more revenue to address a major increase in homelessness. In 300 words minimum, What would be your approach to this challenge? Discuss.

Recently through the media, it has been brought to the public attention that the Austrlian Tax office is abusing their on small business tax payers and individulas. Are the Australian Tax Office doing their job properly that is collecting revenue on behalf of the australian government or they have to many powers that need to be diluted.Provide a well detailed answer jsutifying clearly your opinion.

A company sold a piece of equipment at the beginning of year 1, receiving a $29,000, two – year 1% note. Interest is paid at the end of each year. Market interest rates are assumed to be 10%

1. Calculate the present value of the note receivable

2. Prepare journal entries for the sale, interest revenue, and cash collection each year for two years

Completely and Precisely Define the Following Terms

The accrual basis of accounting:

The Matching principle:

Name and define one type of adjusting entry where cash is paid (or received) BEFORE Expenses or Revenues are Recognized:

Name and Define one type of adjusting entry where cash is paid (or received) AFTER Expenses or Revenue are Recognized:

Adjusted Trial balance:

From the following list of balance sheet accounts, to the best of your ability, categorize them into either Assets, Liabilities, or Owners Equity, and please describe why they belong in their respective balance sheet classification categories: a. Accounts Payable b. Equipment c. Cash d. Common Stock e. Accounts Receivable f. Operating Revenue

"Currently, married taxpayers can deduct mortgage interest paid on total residence loans (up to $750,000 or $1,000,000 of principal depending on when the loan was originated). Discuss the effects on government tax revenue, housing prices and consumer balance sheets if the mortgage deduction were to be eliminated." Professor wants 2-3 paragraphs for this assignment. Thanks!

Please answer all

1. What are the differences between elastic, inelastic, unitary elastic, perfectly elastic, and perfectly inelastic?

2. What is the relationship and significance of price elasticity of demand to total expenditures by consumers and total revenue by firms?

3. How does the price elasticity of demand relate to the burden of a tax, consumer surplus, and producer surplus?

CHAPTER 7:Cost-volume-profit (CVP) analysis

EXPLAIN OR GIVE EXAMPLE OF THE FOLLOWING LO

1. Calculate target income volume and sales revenue [S7-4, P7-63]
2. Compute weighted average contribution margin per unit [S7-7]
3. Calculate margin of safety in units, dollars and percentages [E7-34, P7-63]