Reference no: EM1344489
Case Study Question: As a reviewer of the BC Securities Commission, you are in the process of reviewing the financial statements of public companies.
The following items have come to your attention:
1. A mining company sells a foreign subsidiary that does uranium mining, although the company continues to mine uranium in other countries.
2. A retail outlet changed its calculation for bad debt expense from 1% to 0.5% of sales because of changes in its clientele.
3. An automobile dealer sells for $137,000 an extremely rare 1930 S type Invicta, which is purchased for $21,000 10 years ago. The Invicta is the only such display item that the dealer owns.
4. A steel company changes from straight line amortization to accelerated amortization in accounting for its plant assets.
5. A construction company, at great expense to itself, prepares a major proposal for government loan. The loan is not approved
6. A water pump manufacturer has had large losses resulting from a strike by its employees early in the year.
7. Amortization for a prior period was incorrectly understated by $950,000. The error was discovered in the current year
8. A large sheep rancher suffered a major loss because the provincial government required that all sheep in the province be killed to halt the spread of a rare disease. Such a situation has not occurred in the province for 20 years.
9. A food distributor that sells wholesale to supermarket chains and to fast food restaurants (two major classes of customers) decides to discontinue the division that sells to one of the two classes of customers.
|
Compute total cost of securities purchased
: Someone purchased 320 shares of DNA at 35 3/4 from broker. He charges 1.6% for the transaction. Odd lot carry 1/8 of a dollar brokerage differential.
|
|
Riskiest base on standard deviation
: Based on the answer from question three, which asset appears riskiest base on standard deviation - Explain the various that you might take and their implications
|
|
Four astronauts are in the spherical space station
: If, as is typical, each of them breathes about 500 {rm{ cm}}^3 of air with each breath, approximately what volume of air (in cubic meters) do these astronauts breathe in a year.
|
|
Illustrate wwhat is the effect on the market for one hour
: Illustrate wwhat is the effect on the market for one hour of babysitting services in Middling today.
|
|
Advanced accounting gaap case study
: Case Study Question: As a reviewer of BC Securities Commission, you're in the procedure of reviewing the financial statements of public companies.
|
|
Establish pmpm rate for primary care physicians
: Actuarial estimates project 2,500 visits per 1,000 persons per year. You have contracted with a Primary Care Medical group at dollar 45.00 per visit with a dollar 5.00 co-payment that you will receive.
|
|
Evaluate and amortize a structured loan
: Prepare a model to evaluate and amortize a structured loan at a rate of 10 per cent.
|
|
Does the data support the mayors claim
: It was revealed that 120 people had only 1 admission, 81 had 2 admissions, 48 had 3 admissions, 18 had 4 admissions, 18 had 5 admissions, and 15 had 6 admissions or more admissions. Does the data support the mayor's claim? Show the calculations or..
|
|
Wilkerson-irwin algorithm to minimize mean tardiness
: Write a program to implement the Wilkerson-Irwin algorithm to minimize mean tardiness.
|