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As we move forward, and computer technology improves, we will have the ability to utilize programs to look for "red flags" or anomalies within a companies books. The other side of this coin is that this technology can also be utilized to conduct fraudulent operations, and an article in Accounting today even suggests that this will be the direction that fraud goes in 2015.
If a company is suspected of fraud, or a whistleblower comes to the SEC with information fraud examiners will get to work! HOW an auditor investigate it.
What is the amount of contribution margin that will be obtained per machine hour on each product and which product would you recommend that the company work on next week ' the orders for product F, product G or product H? Show your computation
Green Company produces 1,000 parts per year, which are used in the assembly of one of its products. The annual impact on the company's net operating income as a result of buying the part from the outside supplier would be:
Estimate the stock price for year s two and three, assuming that the current PE multiple remains constant for each of the two forecasted years.
During the month, merchandise is sold for $23,500 cash and for $34,000 on account. The cost of merchandise sold is $41,500. Illustrate what is the amount of gross profit?
Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw materials inventory, January 1 $ 30,000 Raw materials inventory, December 31 60,000 Work in process, January 1 27,000 Wor..
Mio was transfer from New York to Germany. He lived and worked in Germany for 340 days in 2015. Mio's salary for 2015 is $190,000. In your computation, round any division to four decimal places before converting to a percentage.
Critique the Ethics of those involved in the News of the World phone hacking scandal. Demonstrate in your critical analysis how the use of Ethics by the parties involved could have assisted in better operation of News Ltd.
Complete the December 31, 2011 and 2010, balance sheets - prepare a statement of changes in retained earnings for the year ended December 31, 2011.
Recently, the company is considering increasing its advertising by $50,000 in order to sell more car parts. How many additional parts must the company sell in order to justify the increased advertising costs?
To achieve the goal of decreasing the collection period, the change in the average A/R balance that must occur is closest
Ricardo Construction began operations on December 1. In setting up its accounting procedures, the company decided to debit expense accounts when it prepays its expenses and to credit revenue accounts when customers pay for services in advance. Suppli..
Compute the unit product cost under cost absorption costing and redo the company's income statement for the month using absorption costing.
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