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Snake Creek Company has one trusted employee who, as the owner said, handles all of the book-keeping and paperwork for the company. This employee is responsible for counting, verifying, and recording cash receipts and payments, making the weekly bank deposit, preparing checks for major expenditures (signed by the owner), making small expenditures from the cash register for daily expenses, and collecting accounts receivable. The owners asked the local bank for a $ 20,000 loan. The bank asked that an audit be performed covering the year just ended. The independent auditor ( a local CPA), in a private conference with the owner, presented some evidence of the following activities of the trusted employee during the past year:a. Cash sales sometimes were not entered in the cash register, and the trusted employee pocketed approximately $ 50 per month.b. Cash taken from the cash register.c. $ 300 collected on an account receivable from a valued out- of- town customer was pocketed by the trusted employee and was covered by making a $ 300 entry as a debit to Sales Returns and a credit to Accounts Receivable.d. $ 800 collected on an account receivable from a local customer was pocketed by the trusted employee and was covered by making an $ 800 entry as a debit to Sales Discounts and a credit to Accounts Receivable.
changes in the forward rate assume that interest rate parity exists and will continue to exist. as of this morning the
A 10 year, 6% semiannual, $1,000 bond was issued and immediately the current market rates rose to 8% (compounded semi annually). How much could that bond be sold for today?
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Determine the value of a share of dupont series a $4.50 cumulative preferred stock, no par, to an investor who requires a 9 percent rate of return on this security.
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Plan It Right, corporation, provides party considering and catering services for elegant residential parties in the Louisville area. The corporation recently raised its service price from $900 to $1,100 per party.
Estimate the firm's external financing needs by using the percent-of-sales method for the 2012 data. Assume that no excess capacity exists and that one-half of the 2012 net income will be retained in the business.
Discuss and explain to me the relationship between inventory turnover and purchasing needs and determine the advantage and disadvantage of level production schedules in firms with cyclical sales?
Illustrate how management focus on forecasting planning and business strategy can create wealth for a company in any industry.
Suppose we are thinking about replacing an old computer with a new one.
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