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An auditor noted that client sales increased 10 % for the year. At the similar time, Cost of Goods Sold as a percentage of sales had decreased from 45 % to 40 % and year-end accounts receivable had increased by 8 %. Based on this information, the auditor is most likely concerned about
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra revenues: compute net sales for the two months ended December 31, 2011.
question prepare journal entries in the general fund of the brownville school district.a. the district had outstanding
Calculate the net present value of this investment using a cost of capital of 16%. Based on this analysis, would the investment be made? Explain your answer.
Write a report to the owners detailing ALL the different options and considerations that you feel the owners should consider raising the $60 million.
Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Calculate the gross margin for FIFO and LIFO method.
what minimum price would be acceptable? What qualitative factors should Big Al’s considered before agreeing to accept the special order?
a client of cpa firm of harston and mendez is a medical practice of seven local doctors. one doctor has been sued for
what are some things you could do to avoid having states where these customers live require you to collect sales tax?"
calculation of cost of goods sold.the balance in the finished goods inventory account on july 1 2007 was 34000 and the
Imagine you are President of a company (the company is your choice). Tell us about the product you are selling and which of the four pricing strategies you would use to determine your selling price?
Journalize each of the transactions for September, set up T-accounts, and post each of the journal entries made in (1).
effects of transactions on statement of cash flows.indicate for each of the following what should be disclosed on a
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