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Question - Juan is a CPA working on a client's audit. He shares with the audit team that he believes there is a discrepancy among the inventory as some small items may have been counted twice. Also, since his supervisor wants the audit done like yesterday while auditing the payables, someone suggests to Juan instead of pulling 30 invoices, maybe he can pull 20 invoices to save time. One team member says that it should only take 35 hours to audit payables and that at the current pace Juan may take 60 hours. At the next team meeting, the team votes not to tell the supervisor about the inventory and payables changes to the audit. The other team members tell Juan that they all spend more time on audits than they report to keep the supervisor happy.
-Use GVV 4 steps to answer this case.
-Explain what Juan should do reasoning at each of the 6 stages of Kohlberg's model. What would you do and why (back up your actions with reasons from the textbook or scripture).
Determine the cost of the drink if we serve 1 1/2 ounces of liquor and 6 ounces of mixer. What will the sales price be if we have a 20% total cost for drink
A company is considering purchasing factory equipment that costs $320,000, The cash payback period on the equipment is
What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why?
The preferred stock pays an annual dividend of $5 per share. DiCenta's tax rate is 40%. Compute DiCenta's 2014 diluted earnings per share
What amount is reported on Fletch's statement of comprehensive income in 2016 under each of the methods above and where are these amounts reported?
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, what is the margin of safety expressed as a percentage of sales
Tax Computation Compute Jane Smith's 2013 Federal income tax payable
Create a schedule of estimated receipts from debtors (accounts receivable) for the months of October, November and December 2020.
Now the company is developing its financial forecast for the coming year. What target FA/Sales ratio should the company set
Scenario: You have accepted a job as the Controller of a start-up company- a consulting firm, called Smith Steele Consulting.
Question - Calculating Project NPV. The project is estimated to generate $2,600,000 in annual sales, with costs of $1,125,000
Use the tools and techniques presented in this course to analyze the company's profitability, liquidity, leverage and common stock as an investment
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