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Presented below is information from the annual report of Potter Plastics, Inc.
(a) Compute the return on common stock equity and the rate of interest paid on bonds. (Assume balances for debt and equity accounts approximate averages for the year.)
(b) Is Potter Plastics, Inc. trading on the equity successfully?Explain.
Why should auditors use external confirmations for Accounts Receivable? Discuss positive and negative confirmations and their use. Can confirmations mailed but not received be used as audit evidence? What should an auditor do if responses for conf..
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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
a company had average total assets of 982450 and net income of 190700 and reports various segment information. segment
hannah company maintains two separate accounts payable computer systems. one is known to all the users and is used to
denzel brooks opens a web consulting business called venture consultants and completes the following transactions in
cajun corporation manufactures a labor-intensive product.the cost standards developed by cajun appear below.
barringer manufacturing corporation has prepared the following overhead budget for next month. activity level... 7800
modern energy company owns several gas stations. management is looking to open a new station in the western suburbs of
Compute the year 2008 depreciation using the (1) straight-line method and (2) units-of-productionmethod. (Omit the "tiny_mce_markerquot; sign in your response.)
The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. Reflecting on your current financial situation, apply the concept of current liabilities.
What is the budgeted gross margin in dollars for February?
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