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1) You are auditing the accounts receivable balance of a cable television provider. Individual accounts receivables tend to be similar in amount to each other and cover one or two months of service charges. The client has a computerized billing system that makes it easy to access individual customer's records. The total accounts receivable balance makes up 23% of the firm's total assets. You did the audit for the firm last year and found few errors in their accounts receivable balance.
a) Would you use a sampling technique to test their balance and, if so, would you use statistical or non-statistical sampling? Explain your answer.
b) What method would you use to test an individual account balance and why?
If the investor holds the bond until it matures and collects the $1,000 par value from the Treasury and his marginal tax rate is 28 percent, what will his after-tax yield to maturity be?
app store co. issued 20-year bonds one year ago at a coupon rate of 6.1 percent. the bonds make semiannual payments.if
hans a citizen and resident of argentina is a retired bank executive. hans does not hold a green card. at the start of
How much of these premiums may Jean deduct asa deduction for AGI, and how much may she deduct as an itemized deduction (subject to the 7.5% floor)?
weve seen huge growth in the computer industry in a very short time. there is a high demand for new software from all
They had no unrecognized prior service cost, no unrecognized gains or losses, and no balance sheet accruals relating to pension assets or liabilties. The company uses a discount rate of 10% in determining the PBO and has an expected rate of return..
if you guys can show the steps it would be wonderful1- carr company is considering two capital investment proposals.
A supplies account has a balance of $810 at the beginning of the year and was debited during the year for $1,950, If $650 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year woul..
John Smith started a consulting business and completed the following transactions. Prepare all journal entries related to these transactions.
In Xan's Year 2 statement of cash flows, net cash used in financing activities should be:
in our 1a and 1b financial accounting courses we learned how retailers such as wal-mart account for the cost of
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
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