Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
INTERNAL CONTROL FOR SALESYancy's Hardware has three stores. Each store manager is paid a salary plus a bonus on the sales made by his or her store. On January 5, 2010, Bill Slick, manager of one of the stores, resigned. Bill's store had doubled its expected December 2009 sales, producing a bonus for Bill of $8,000 in December alone. Charles Brook, an assistant manager at another store, was assigned as manager of Bill Slick's store. Upon examination of the store's accounting records, Charles reports to Yancy that the store's records indicated sales returns and allowances of $110,000 in the first four days of January 2010, an amount equal to about half of December 2009 sales.
Required:
1. Explain what the large amount of sales returns and allowances suggest that Bill Slick might have done.
2. Determine how Yancy could protect itself from a manager who behaved as Bill Slick did.
Determine the denominators to be used in the calculations of cost per equivalent unit for material and conversion costs.
Discuss opinions on lobbying regarding if it is useful and should continue as is, if it should continue but with constraints to limit how much is done, or it should be eliminated.
in working out your responses to the discussion question you should choose examples from your own experience or find
Prepare a Production Report for the six months ended 30 June 2013 for Melody Instruments Co, Ltd - Estimated annual overhead and direct labour costs for 2013 are $150,000 and $200,000 respectively.
What is the amount of the loss from the hurricane?
Discuss the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR) and sustainability and demonstrated social and environmental accountability
maria chavez owns a catering company that serves food and beverages at parties and business functions. chavezs business
How much will Ezra collect in March on a $220,000 credit sale in January? If production equals sales and there are no beginning or ending inventories
Review the 2012 annual report of any (one) national aircraft company (listed in the Australian/ Malaysian or Chinese Stock Exchange) and comment on its depreciation policy in estimating the useful lives of long-lived assets, such as aircraft used ..
Prepare operating income statements for Chenango Can Company for its first three years of operations using: Absorption costing Variable costing
What are some costs savings that Dell might realize by reducing its workforce by 10%? (Other than the obvious reduction in salary and wages expenses)
Develop quantitative skills necessary to read, interpret and perform the calculations for the accounting reports involved in cost control and profit planning - prepare and present financial statements.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd