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Q1. Explain the meaning of corporate governance and briefly discuss the primary objectives of implementing corporate governance mechanisms. Support your answer with example.
Q2. Managers many want to manipulate the information in the financial statements. Briefly discuss any four reasons and give examples. (The reasons are 1- to satisfy contractual obligations 2- to avoid losses 3- to meet benchmarks and targets 4- for personal gain).
Compute for the adjusted balance of ending inventory as of December 31, 2020. Compute for the adjusted balance of Net sales , 12/31/2020.
The company can lease the building to a large flower shop for $4,000 per month. Decide whether to continue operating this store or to lease, using.
Universal Sports Supply began the year with an inventory balance of $80,000 and a year-end balance of $52,000. Sales of $640,000 generate a gross profit of $220,000. Calculate the inventory turnover ratio for the year.
Find the portfolio that maximizes expected return if you want the same risk of LARGE stocks (i.e., you want the same standard deviation as LARGE stocks).
Judith is 40 and plans to work to age 65. If she contributes $200 per month, how much will she have in her retirement plan at retirement?
The Swift Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $ 456,000 per year. Service varies from a cup of coffee to full meals. The average sales check per customer is $ 9.50. Compute the rev..
You can invest in the US at 4.2% per annum or in Canada at 8.9% per annum. What is the effective dollar interest rate from investing in the US for one year?
What the Ratio of fixed assets to long-term liabilities? Find Ratio of liabilities to stockholders' equity? Total stockholders' equity 1,022,000
HS's board of directors is controlled by George Waltson, the majority shareholders, who also acts as the chief executive officer.
For subsequent expenditures that are not capitalised as part of the cost of the plant, give a brief explanation as to why they are not capitalised.
Mauro Products distributes a single product, a woven basket whose selling price is $28 and whose variable expense is $22.12 per unit. The company’s monthly fixed expense is $16,464. Solve for the company’s break-even point in unit sales using the eq..
How can your role as an accountant ensure that the information presented do not include errors and how would you support your claims?
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