Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: A federal agency receives a separate appropriation for supplies. A large number of purchase orders marked "Rush" are processed in August. Because several clerks are on vacation, they are not recorded as obligations. The supplies are received in early September, before the end of the fiscal year. After matching the invoices with the receiving reports, the accountant finds the agency has insufficient funds to process many of the payments. On further inquiry, the accountant locates the batch of unrecorded purchase orders. He also finds that the supplies were used immediately upon receipt. He explains the problem to his immediate supervisor, who says, "Forget it. Just charge the bills to next year's appropriation." Explain the nature of the accountant's dilemma, and discuss what you think he should do.
Your employer is considering adding a group term life insurance plan to the employee benefit package. The premium cost would be fully paid by the organization. Explain how this will impact: the employee's net pay and the employer's payroll cost.
Under the FASB-explain the disclosure requirements for share based compensation. This post should include an example of how the standard should be applied.
the westfield company uses predetermined overhead rates to applymanufacturing overhead to jobs. the predetermined
Determine the break-even point in sales units and the break-even point in sales units if the company desires a target profit of $25,000 - Determine the companys margin of safety
Jim.com sell books on account $11 each (cost of these book is $16500) on October 10, 2011. One hundred of these book (cost $660) were damange in shipment, so Jim.com later received the damange good as sale return on October 13, Customer paid the b..
Using the percentage of net sales method. uncollectible accounts expense for the year is $54000, balance of allowance for uncollectible is 18000 creedit befor adjustments what is the balance after adjustments?
Outline what the Sarbanes-Oxley Act is and what impact it has on financial reporting. Discuss what Section 302 requires of the chief executive officer (CEO) and chief financial officer (CFO).
ABC Inc. has just entered into the business of selling antique cars. The company management decided to lease the premises for the business instead of buying the office premises.
1.Lasure, Ramirez, and Toney, who share income and loss in a 2:1:2 ratio, plan to liquidate their partnership. At liquidation, their balance sheet appears as follows.
Assume that accounting procedures are in the form of ritual. Does this imply that the accountant's product does not serve a useful function? Discuss.
direct materials 64900direct labor 17600factory supplies 20000factory supervision 31400research and development
Complete the vertical analysis by computing each line item (a)(c) as a percentage of total assets. Round to the nearest whole percentage. What percentages of Southwest’s assets relate to inventory of parts and supplies versus property and equipment? ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd