BU Ltd, which was established in 1990, manufactures a range of agricultural products and purchases materials from a number of suppliers.
The recently appointed managing director has expressed increasing issue about the falling sales volumes, rising costs, and declining profits over the last two years.
Discuss: how business process budgeting could help to improve the profits of BU Ltd.
Alpine Energy Corporation has 1,500,000 shares of $10 par common stock outstanding. On August 2, Alpine Energy declared a 5% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $60 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. If no entry is required, select “No Entry Required” and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
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