## Net Income

Question 3: Explain why net income is different from the net cash provided by operations. (10 points)RubricsDescriptor 9-10 The student demonstrates an excellent understanding of theconcepts. 8-8.9 The student demonstrates a good understanding of the concepts. 7-7.9 The student demonstrates a fair understanding of the concepts. 6-6.9 The student demonstrates some, but insufficient understanding of theconcepts. 3-5.9 The student demonstrates insufficient understanding of the concepts.They may mention some relevant ideas or concepts, although it is clear that the relationship between them is not understood by the student.1-2.9 The student demonstrates insufficient understanding of the concepts and does not mention any relevant ideas or concepts.0 The student leaves the question blank or cheats.95% of the grade based on the approach, calculations and comments, and 5% based on the presentation and look & field of the spreadsheet. Points are at the end of each question.

## Cost-Saving Measures

Research the generic substitution laws in the state where you live or intend to seek employment, and then address the following:In your initial post, indicate which state you researched, and then answer the questions below. Kansas should be the state.Do you think your state’s laws make it easier or harder for patients to obtain less expensive generic alternatives? Provide the rationale for your opinion, referencing your state’s law if applicable.Aside from generic medications, what are some other ways pharmacies can help patients save on costs?

## Budget Variance

Read the scenario in the textbook and complete the activity below. Use Excelshowing all work and formulasto complete the following: Prepare a flexible budget.  Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget. Compute flexible budget variances by comparing the flexible budget with the actual results. Create a 6- to 8-slide presentation for the budget committee meeting. Complete the following in your presentation: Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget. Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results. Justify the favorable or unfavorable budget variances. Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget. Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations. Cite references to support your assignment. Format your citations according to APA guidelines. For more information on Budget Variance read this: https://en.wikipedia.org/wiki/Variance_(accounting)

## [SOLVED] Budgeting

Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the advantage for using a flexible budget over a static budget. For more information on Budgeting read this: https://en.wikipedia.org/wiki/Budget

## [SOLVED] Costing Systems

The type of product a company produces affects the type of accounting system needed to determine product cost. The 2 most common types of costing systems are job-order costing and process costing. Respond to the following in a minimum of 175 words: Compare and contrast job-order and process costing systems. How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements? Provide specific examples for each type.For more information on Costing Systems read this: https://en.wikipedia.org/w/index.php?search=Costing+Systems&title=Special%3ASearch&go=Go&ns0=1

## [SOLVED] Partnership Interest

1. What did your clients attempt to accomplish by setting up the transactions in the manner they proposed? b. What are your clients chances of success if they go ahead with the transactions as plan in spite of the ruling?  2. Is the ruling correct in stating that no matter how the transactions are handled, other than as your clients proposed, the income tax will be the result? 3. If your clients decide to sell their partnership interest rather than going through with the proposed transactions: Can they alter the income tax results stated in the ruling by having the partnership use \$60.000 of its cash to pay down the mortgage on the land in order to secure a release from the mortgage of 20% of the land, sell 20% of the land for a \$200.000 note and mortgage to an unrelated third party, use the remaining cash to reduce current liabilities and then have able Bernstine, and Charles sell their partnership interest to Peters who would assume the remaining current liabilities and mortgage liabilities? For more information on Partnership Interest  read this: https://en.wikipedia.org/wiki/Partnership_accounting

## [SOLVED] Physical Capital

Respond to the following in a minimum of 175 words: Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:1862 Pacific Railway Act1956 Federal-Aid Highway Act1946 Federal Airport ActWhat other examples of economic concentration can you share? What are the risks and advantages to economic concentration? How has economic concentration influenced your industry? For more information on Physical Capital read this: https://en.wikipedia.org/wiki/Physical_capital