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Gale Gordon, CPA, has found ratio and trend analysis relatively useless as a tool in conducting audits. For several engagements, he computed the industry ratios included in publications by Standard and Poor's and compared them with industry standards. For most engagements, the clients business was significantly different from the industry data in the publication and the client automatically explained away any discrepancies by attributing them to the unique nature of its operations. In cases in which the client had more than one branch in different industries, Gordon found the ratio analysis no help at all. How can Gordon improve the quality of his analytical procedures?
on the first day of the fiscal year a company issues a 1000000 7 5 year bond that pays semi-annual interest of 35000
Prepare an interpretative write up of your financial analysis, explaining trends and items of concern for the directors of FedEx. For each ratio, you should define the ratio, inform the directors about the change in the ratio from one year to the ..
bates company issued 1000000 9-year bonds and agreed to make annual sinking fund deposits of 73800. the deposits are
Define planning, organizing, and controlling and then explain why the phases of planning, organizing, and controlling are referred to as a continuous cycle?
flagstaff co. has actual sales for july and august and forecast sales for september october november and december as
fde manufacturing company has a normal plant capacity of 37500units per month. because of an extra large quantity of
Problem: SO University's business program has the facilities to handle 2,000 students per semester. In an effort to limit class size to reasonable level (under 200).
the fasb asc paragraph 810-10-45-16 states acirceurooeligthe noncontrolling interest shall be reported in the
Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units on June 27 fo..
although the quantity and content of audit working papers vary with each particular engagement an auditors permanent
chamberlin company estimates that 347800 direct labor hours will be worked during the coming year 2012 in the packaging
Provide at least one college level paragraph. Examples would be helpful and appreciated, Thank you.
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