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!
Tests of Balances. Your client is the Nicholas van Myra Central, a shopping center with 30 store tenants. All leases with the store tenants provide for a fixed rent plus a percentage of sales, net of sales taxes, in excess of a fixed dollar amount computed on an annual basis. Each lease also provides that the landlord may engage a Registeraccountant or Accountant-Administratieconsulent to audit all records of the tenant for assurance that sales are being properly reported to the landlord. You have been requested by your client to audit the records of the JaiLai Chinese Ind. Restaurant to determine that the sales, totaling ∈725,000 for the year ended December 31, 20X4, have been properly reported to the landlord. The restaurant and the shopping center entered into a five-year lease on January 1, 20X4. The JaiLai offers only table service. No liquor is served. During meal times there are four or five waitresses in attendance, who prepare handwritten prenumbered restaurant checks for the customers. Payment is made at a cash register, staffed by the proprietor, as the customer leaves. All sales are for cash. The proprietor also is the bookkeeper. Complete files are kept of restaurant checks and cash register tapes. A daily sales book and general ledger are also maintained.
Required:
List the auditing procedures that you would employ to test the annual sales of the JaiLai Chinese Ind. Restaurant. (Disregard vending machine sales and counter sales of chewing gum and candy, and concentrate on the overall checks that would be appropriate.)
Calculate the optimal amount of pretzels and soft drinks that minimizes this firm's costs and how many frames do you provide each month?
Although self-employed workers have the option to purchase private health insurance, many do not, due to adverse selection. Suppose half the population is healthy and half is unhealthy. The cost of getting sick is $1000 for the healthy and $10,000..
due to a recession that lowered incomes the 2008 market prices for last-minure rentals of u.s. beach -front properties
Describe the business and, utilizing the concepts of this unit and the earlier units
Given: 1 pound of fertilizer (F) produces 20 Spinach plants and 1 pound of Manure (M) produces 300 spinach plants. The price of F=$5 and price of M=$10. Suppose we want to produce 300 spinach plants at the lowest cost possible.
a mining company plans to invest 50000 in a project. the annual operating cost is expected to be 6000 and the annual
A grocery store carries a particular brand of tea tha has the following characteristics: Sales= 8 cases per week Ordering Cost=$10 per order Carrying Charges= 20% per year Item Cost= $80 per case What is the effect on EOQ and total costs if there was..
A sum of $16,000per year will be received uniformly over a five-year period beginning two years from today. If interest is compounded continuously at a nominal annual rate of 11%, determine the present value of this continuous cash flow.
Suppose that your rich uncle has $1,000,000 that he wishes to distribute to his heirs at the rate of $100,000 per year. If the $1,000,000 is deposited in a bank account that earns 6% interest per year, how many years will it take to completely dep..
Suppose that the AS curve isupward sloping. Will the change in government purchases or the change in taxesyou have recommended above move the economy to an output level of 4000.
A security analyst specializing in the stocks of the motion picture industry wants to determine the relationship between the number of movie theater tickets sold in December and annual level of earnings in the motion picture industry.
In the long-run, outsiders enter the market since they have observed the existing firms are profitable. As more and more firms in the market, the market price is reduce to P = 12. Assuming the MC = 3 + 3Q, what is the new optimal quantity for the ..
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