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problem 1: Net Operating Income before taxes = $1000, Total Operating Revenues = $5000, Total Assets = $10,000, Total Equity Capital = $4,000, Tax rate = 40% and Number of full-time employees = 400. By using the above information of the bank, calculate the following ratios (you do not need to write down the formula) - Operating Efficiency Ratio, Tax Management Efficiency, Net profit Margin and Return on Equity.
Chose one section of the Statement of Cash Flows and describe the process of determining cash provided from, or cash used by in the section
Research the Bernie Madoff ponzi scheme case. Explain how the “attitude/rationalization” condition of the fraud triangle is incorporated into the scheme. What do you think are some of the challenges currently facing the public accounting profession?
Prepare the following adjustments in good journal entry format.
A 7.25% semiannual coupon, and a par value of P1,000. The going interest rate (rd) is 6.20%, based on semiannual compounding. What is the bond's price?
A recommendation regarding a current south African vat system
General Mills is a manufacturer of food products, such as Lucky Charms cereal, Pillsbury crescent rolls, and Green Giant vegetables. The following items were presented in the company's financial statements. For each item, indicate (1) the type of acc..
Under the FASB’s and IASB’s forthcoming guidance on revenue recognition, a contract must have which of the following characteristics in order to be judged as persuasive?
Annual demand for the headlights is 8 000 units. The annual holding cost per unit is R300 and the cost to place an order is R80. Calculate the EOQ
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Pretend that you have misplaced your MACRS tables. Develop the tables for a property class of 3 years assuming 200% DB depreciation switching to straight line; half-year convention; salvage value equal to $0. Your answers should match those for MACRS..
Prepare a 2019 statement of retained earnings in proper format for Mondial Corporation. Chowdhury Corporation prepares financial statements
Adult Services, Pediatric Services, and Other Services. The patient services revenue and hours of housekeeping services for each department are:
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