9. The annual planning process at Century Office Systems, Inc. had been arduous but produced a number of important marketing initiatives for the next year. Most notably, compàny executives had decided to restructure its product-marketing team into two separate groups: (1) Corporate Office Systems and (2) Home Office Systems. Angela Blake was assigned re- sponsibility for the Home Office Systems group, which would market the company's word-processing hardware and software for home and office- at-home use by individuals. Her marketing plan, which included a sales forecast for next year of $25 million, was the result of a detailed market allalysis aIIa 1iegotialiois wiul maiviquaIS DOUI IsIde and outside uie company. Discussions with the sales director indicated that 40 percent of the company sales force would be dedicated to selling products of the Home Office Systems group. Sales representatives would receive a 15 percent commission on sales of home office systems. Under the new organizational structure, the Home Office Systems group would be charged with 40 percent of the budgeted sales force expenditure. The sales director's budget for salaries and fringe benefits of the sales force and noncommission selling costs for both the Corporate and Home Office Systems groups was $7.5 million. The advertising and promotion budget contained three elements: trade magazine advertising, cooperative newspaper advertising with Century Office Systems, Inc. dealers, and sales promotion materials including prod- uct brochures, technical manuals, catalogs, and point-of-purchase displays. Trade magazine ads and sales promotion materials were to be developed by the company's advertising and public relations agency. Production and media placement costs were budgeted at $300,000. Cooperative advertis- ing copy for both newspaper of $100,000. Century Office Systems, Inc's cooperative advertising allow- ance policy stated that the company would allocate 5 percent of company sales to dealers to promote its office systems. Dealers always used their complete cooperative advertising allowances. Meetings with manufacturing and operations personnel indicated that the direct costs of material and labor and direct factory overhead to pro- duce the Home Office System product line represented 50 percent of sales. The accounting department would assign $600,000 in indirect manufactur- ing overhead (for example, depreciation, maintenance) to the product line and $300,000 for administrative overhead (clerical, telephone, office space, and so forth). Freight for the product line would average 8 percent of sales. Blake's staff consisted of two product managers and a marketing assistant. Salaries and fringe benefits for Ms. Blake and her staff were $250,000 рer year. and radio use had budgeted production costs Prepare a pro forma income statement for the Home Office Sys- tems group given the information provided. а. Sales Cost of Good Sold Gross Profit Marketing Expenses Sales Expenses Salary Commission Total Marketing Expenses Advertising/Sales Promotion Advertising Coop Advertising Coop Allowance Sales Promotion Total Advertising/Sales Promotion Freight Expenses Freight Costs General & Administration Expenses Manufacturing Fixed Costs Administrative Overhead Salaries/Benefits Total General & Admin Expenses Net Profit

We discussed what seemed to most as a new term, bright-line accounting. Please researchand describe in your own opinion what bright-line accounting means to you.

Hello! I need help with the following accounting principles question. It states that for each box, we can either select the user as being an external or internal user. Thank you in advance!

Please provide the following formulas: 1.  The Fundamental Accounting Equation 2.  The Formula for Computing Net Income 3.  The Formula for the Balance Sheet Part 3 Please give one or two examples of accounts in the following categories: Assets Liabilities Owner's Equity (provide only one example for this account) Revenue  Expenses Please make sure that your initial post contains a properly cited reference.  Please use APA style. You should cite your text as a minimum.

The following list of accounts is from the adjusted trial balance for Monty Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash ommon shares Cost of goods sold Deferred revenue Depreciation expense ype here to search Amis 21 $128,640 179,520 94,080 217,920 107,520 410.880 68.160 220,800 1.069.440 30,720 180,480 Equipment Income tax expense Insurance expense Inventory $907,200 Sales 58,560 112,320 222,720 Land 1,056,000 Loan payable (due in 2 years) 1,872,000 Prepaid expenses 27,840 Property tax payable Refund liability Salaries expense Salaries payable 17,280 20,160 744.960 24.960 2.519,040 23°C Mostly