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1)What are the components of a master budget for a servicing company like fedex or DHL or UPS 2) Describe the elements of accounting transactions in financial statements and purpose of each financial statement

Accounting

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1)What are the components of a master budget for a servicing company like fedex or DHL or UPS

2) Describe the elements of accounting transactions in financial statements and purpose of each financial statement.

3) Discuss the components and use of financial analysis.
4)The break-even point in sales for Rice Company is $360,000, and the

company's contribution margin ratio is 20%. Its income tax rate is 40%. If Rice Company desires an after-tax operating profit of $84,000, what would total sales have to be?

5) Complete the following adjusting entry for Mookie The Beagle Concierge.

Mookie The Beagle Concierge purchased $426 of supplies during

January 2018. At the end of the accounting period on January 31, Mookie

The Beagle Concierge still had $236 of unused supplies on hand. The

$236 of Supplies is an asset with future benefit. Since Mookie The Beagle

Concierge recorded the entire $426 as Supplies Expense, an adjusting

entry is needed to bring accounts up to date at January 31.

the accounts:

Supplies Expense (Expense)

Prepaid Expenses: Supplies

6) You are a CPA. The owner of a landscaping business, Larry Shrout, who is one of your clients, asks you to explain:

(i) the general concept of depreciation; and

(ii) the specific difference between straight-line and declining - balance deprecation.

(a)A letter should be written to the client responding to these inquiries. Your response should include, at a minimum:

    An introductory, explanatory and concluding paragraph

Appropriate salutations

Sufficient supporting information and/or examples to effectively respond to the inquiry.