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In the following scenario, recommend internal controls that need to be in place to eliminate the problems described:
An inexperienced clerk does not have the knowledge to properly prepare sales invoices. He is confused about the actual items shipped. As a result, the clerk has been preparing invoices at prices that were below the company’s sales prices.
compute the best option of lease or buy on the facts given.your law office needs a new copying machine and you are
Under Plan II, there would be 300,000 shares of stock outstanding and $10 million in debt outstanding. The interest rate on the debt is 10 percent, and there are no taxes. If EBIT is $1.5 million, which plan will result in the higher EPS?
1. a company uses 40000 gallons of materials for which it paid 9.00 a gallon. the materials price variance was 80000
In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
Given the following information, what amount would be recorded for cash on the balance sheet?
In your own words, describe four of the seven general ethical principles, and explain how the ethical principles you chose could improve an organizations' ethical climate. Please provide examples to support your statements.
Which of the following would be a step in an internal control program?
What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? What is the present value of $7,000 due 8 periods hence, discounted at 11%?
Using major periodicals such as The Wall Street Journal, Financial Times, The Economist, or Bloomberg Business week, find a current example of operating/economic exposure. Identify the risk of your example economic exposure. Discuss the strategy the ..
hazy days pool park must replace its pool pump at a cost of 180000. the pump has a useful life of 10 years with an 8000
Sun estimates the fair value of the recourse liability at $150,000. Illustrate what would be recorded as a gain (loss) on the transfer of receivables?
The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 20,000 units consisted of the following, listed in chronological order of acquisition: Calculate the before-tax ..
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