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Draw a document flowchart to depict each of the following situations (a) an individual from the marketing department of wholesale company prepares five copies of a sale invoice, and each copy is sent to a different department (b) the individual invoices from credit sales must temporarily be stored until they can be matched against customer payments at later date (c) A batch control tape is prepared along with a set of transactions to ensure completeness of data (d) the source document data found on employee application forms are used as input to create new employee records on a computer master file (e) Delinquent credit customer are sent as many as four different inquiry letters before their accounts are turned over to a collection agency (f) physical goods are shipped back to the supplier if they are found to be damaged upon arrival at the receiving warehouse (g) the data found on employee time cards are keyed onto a hard disk before they are processed by a computer (h) the data found on employee time cards are first keyed onto a floppy diskette before they are entered into a computer job stream for processing (i) A document flowchart is becoming difficult to understand because too many lines cross one another(describe a solution) (j)three people all in different department look at the same document before it is eventually filed in fourth department (k) Certain data from a source document are copied into a ledger before the document itself is filed in another department
stark company has five employees. employees paid by the hour receive a 10 per hour pay rate for the regular 40-hour
Calculating Profitability Index Bill plans to open a self-serve grooming center in a storefront. The grooming equipment will cost $210,000, to be paid immediately.
alison inc. paid 83400 for a 40 percent interest in holister corporations common stock. this investee had assets with a
If operating lease commitments are considered equivalent to debt, what percentage of the American's debt is represented by the lease liabilities?
At the December 31, 2010 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2011, a future taxable amount will occur and
Identify and explain 5 characteristics that may increase the possibility that financial statement fraud will occur in a company. Use examples to explain the company characteristics.
If the East territory is discontinued, one sales manager (whose salary is $40,000 per year and is part of the fixed costs) will be relocated to the West territory. By how much would Green's income change if the East territory is eliminated? Recast..
a company has 10000 equivalent units in ending work in process that are 100 complete with respect to materials and 80
If Ebbe, Inc. had $20,000 in beginning inventory, and sold goods costing $300,000, what is the ending inventory balance?
Discuss the circumstances under which the capital expenditure of a foreign subsidiary might have a positive NPV in local currency terms but be unprofitable from the parent firm's perspective.
Prepare a statement of cash flows for 2013, using the indirect method. Assume that current assets (excluding cash) and current liabilities have remained the same on December 31, 2013. The cash balance on December 31, 2013 is $66,050. 2.Draft ..
if variable cost of goods sold totaled 80000 for the year 16000 units at 5.00 each and the planned variable cost of
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