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Using the most recent annual report of the company you have chosen to study and that you have accessed online at the company's website, examine inventory(ies) on the balance sheet and accompanying note on inventory(ies) of your company. Answer the following questions:
1. What percentage is inventory(ies) to total current assets? Do you think this percent- age represents the importance of inventory(ies) to the company's operations?
2. Find the note about inventory(ies) in the notes to the financial statements. Does the company have more than one type of inventory? If so, what are they? What method(s) are used to value inventory(ies)? What other facts, if any, are disclosed about inventory(ies) in the note?
3. Calculate inventory turnover and days' inventory on hand for the most recent two years. (Round to one decimal place.) Has the com- pany improved its performance in these areas over the past two years?
Write a report to Susan Sharma identifying the reasons why the company has been losing bids to its competitors and develop an alternative costing system to use for bids to overcome this problem.
Both held-to-maturity debt securities and available-for-sale debt securities must be reported at their fair market value at year-end.
Welnor Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: Sales are budgeted at $320,000 for November, $340,000 for December, and $330,000 for January. Prepare a Schedul..
The Cuban Revolution was the most important event in Latin America in the 20th Century. Explain why and how the Cuban Revolution came about and discuss how it changed Cuba, how it changed U.S.-Latin American relations and how it affected the rest of..
What kinds of problems can this company (or any company) avoid by properly managing its debt?
Compute the monthly break-even point for the new toy in units and in total sales dollars and how many units must be sold each month to make a monthly profit of $12,000?
Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case’s 2011 income taxes. What is Case net income?
Victory Company uses FIFO process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 732,000 units of ..
1. explain the production process and the product or service.2. show the different production departments you think
Post all journal entries and adjusting journal entries to the general ledger T-accounts and ending balances of all permanent accounts to the beginning balances (BB) in July's general ledger T-accounts. Please round all amounts to the neares..
could see no reason for the delay in recognising the revenue. Do you agree with the owner or the accountant? Respond to the owner, explaining the accountant's position. Ignore GST.
cash conversion cycle based on balance sheetgates industries balance sheet and income statement for the year ending
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