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Question #1
You own an automobile parts company and have been approached by a leading car manufacturer to supply parts to the company. How would you determine that the car manufacturer has a good record of servicing sales and paying its suppliers? What are the signs you would look out for in the financial statements for the possibility of bad debts? What are the advantages and disadvantages of allowing customers to make purchases on credit? Give reasons for your answers.
Question #2
You are a business consultant providing information and advice to future small business owners. Controls are especially important with respect to cash. Three of them are clear assignment of responsibility, specific procedures for documentation, and independent internal verification of the data. Create a PowerPoint presentation for a seminar aimed at future business owners who will be dealing with large amounts of cash. Explain the importance of the three areas of cash control and make recommendations for procedures that could be implemented.
john galt shipping wishes to ship a product that is made at two different factories to three different warehouses. they
Calculate the amount of net periodic pension expense that the company would recognize in 2014, 2015, and 2016. Prepare the journal entries to record net periodic pension expense, employer's funding contribution, and related pension amounts for the ..
the president of eastvaco is considering recommending to the board of directors expanding into the asian market. he
assume for this part onlythat none of the 800 insurance expense had expired during theyear. instead assume it is a
marc price co. uses the gross profit method to estimateinventory for monthly reporting purposes. presented below
use the following information which describes the possible outcomes from investing in a particular asset to answer the
mike a real estate broker in california recently inherited a farm from his deceased uncle and plans to sell the farm to
Donner, Inc. will finance a proposed investment by issuing new securities while maintaining its optimal capital structure of 60% debt and 40% equity. What is the appropriate cost of capital to use in analyzing this project
based on your studies answer the following question. be sure you clearly understand what an expense is in accounting
On the average, how many student-days elapse between injuries to fourth to sixth graders in unorganized activities at school, and what is the probability that the next such injury will occur before 45 thousand student-days have passed?
J. Larson & Company purchased the right to extract ore from a mineral deposit by paying $50,000 in cash and signing a $200,000 promissory note.
What are the four major categories of projects based on the type of change involved?
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