Uptown promotions has three divisions. as part of the planning process, the cfo requested that each division submit its capital budgeting proposals for next year. these proposals represent positive net present value projects that fall within the long-range plans of the firm. the requests from the divisions are $4.2 million, $3.1 million, and $6.8 million. for the firm as a whole, management has limited spending to $10 million for new projects next year even though the firm could afford additional investments. this is an example of:
a. scenario analysis.
b. sensitivity analysis.
c. an operating leverage application.
d. soft rationing.
e. hard rationing.

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.