User Account

All Pages

Is george correct and why or why not

Assignment Help Financial Management
Reference no: EM132386755

Question

George started working for NNG Inc in July 2018. Previously he worked for Anderson Jackson Corporation. Anderson Jackson Corporation had over $75 billion in revenue annually and operated in seven countries. NNG Inc, a family business, had annual sales of $260,000 and operated in Thompson County. George discovered an error in the accounting records of $75,000. Based on his previous experience, he felt an error of this size was immaterial and not worth his time to fix. Is George correct? Why or why not?

Reference no: EM132386755

Questions Cloud

Post the adjusting entry to the office supplies and supplies : At the beginning of the? year, office supplies of $ 1,200 were on hand. During the? year, Amble Air Conditioning Service paid $6,500 for more office supplies.
Is the organization suffering financial losses : Describe the impact of the problem. In other words, is the organization suffering financial losses? Are there opportunities that are not exploited?
How many shares will spike have after this split : Spike Jones owns 56 shares of the Robust Corporation's stock. Robust announces a 3-for-2 stock split. How many shares will Spike have after this split?
ITECH7401 Leadership in IT Project Management Assignment : ITECH7401 Leadership in IT Project Management Assignment Help and Solution, Federation University Australia - Team Business Case
Is george correct and why or why not : George started working for NNG Inc in July 2018. Previously he worked for Anderson Jackson Corporation. Anderson Jackson Corporation had over.
How hackers benefit from stealing medical records : Analyzing explaining how hackers benefit from stealing medical records. Use an example from the news.
Identify accounts that would affect them then relate : What are debt covenants? Identify accounts that would affect them then relate the items that you identified the auditor should verify to debt covenants.
Briefly describe the qualitative study you selected : Compare (similarities and differences) the two studies in terms of the designs, the methods of data collection and analysis, the nature of the interpretation.
What is kendras qbi deduction : Kendra is single and has income from her law firm a sole proprietorship operating as an LLC of $200,000. Her law firm paid wages of $82,000

Reviews

Write a Review

Financial Management Questions & Answers

  What will be the firms operating cycle

Suppose that Dunn Industries has annual sales of $2.3 million, What will be the firm’s operating cycle?

  What were excess reserves of depository institutions

What were excess reserves of depository institutions in August of 2008 to the nearest billion? Do not use a $ sign.

  Zero coupon treasury bonds are currently selling

The U.S. 5-years zero coupon Treasury bonds are currently selling at $791,031.15. No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000,000. What annualized interest rate would you earn if you ..

  Potential tax ramifications to future clients or practice

Potential tax ramifications to your future clients or your practice?

  Transactions costs-are these prices reasonable

Suppose you look in the newspaper and see ABC trading at $60 per share. Calls on ABC with one month to expiration and an exercise price of $55 are trading at $6.50 each. Puts on ABC with one month to expiration and an exercise price of $65 are tradin..

  What is the return on equity for firm

What is the return on equity for Firm A and Firm B?

  What is the effective annual yield

PK Software has 9.2 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 112.25 percent of par. a.) What is the Current yield on PK's bonds? b.)What is the YTM c.) What is the effecti..

  What is its self- supporting growth rate

Maggie’s Muffins, Inc., generated $490,000.00 in sales during 2013, and its year-end total assets were $310,513.00. Also, at year-end 2013, current liabilities were $90,700.00, consisting of $33,000.00 of notes payable, $40,500.00 of accounts payable..

  Planning to open stall at the local mall

Judy Garland is planning to open a stall at the local mall, paying $2500 rent, in advance each month. She will buy $25,000 in costume jewelry as the initial inventory, and buy the display cases for $4000. Assume that all the cash flows occur at the e..

  Difference between performing capital budgeting analysis

Explain the difference between performing the capital budgeting analysis from the parent firm’s perspective as opposed to the subsidiary project's perspective.

  Cost of goods sold-gross profit-annual cost

Calculate the free cash flows? below: ?(Round to the nearest? dollar.) Year 0 Sales $ - Cost of Goods Sold $ Gross Profit $ - Annual Cost $

  Decide to open an individual retirement account

You decide to open an individual retirement account (IRA) at your local bank that pays 8 %/year compounded annually.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd