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Werner Chemical, Inc, leased a protein analyzer on 30th September, 2013. The five-year lease agreement calls for Werner to build quarterly lease payments of $391,548, payable each 30th September, December 31, March 31, June 30, with the first payment at 30th September, 2013. Werner's incremental borrowing rate is 12 percent. Depreciation is recorded on a straight-line basis at end of each fiscal year. The useful life of equipment is five years.
Your schedule and statement must be in proper form - this means they should look like they would in an annual report-Prepare a schedule of cost of goods manufactured in good form.
Design a proposal for the appropriate controls to cover accounts receivable. The proposal must be based on the Apollo Shoes case. Your reading of the Apollo Shoes case should include board minutes and auditor messages and notes.
Examine key factors that impact a company's decision of whether to pay a dividend and evaluate what you believe is the most significant driver of the decision.
Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.
Cameron Bly is a sales manager for an automobile dealership-Does the warranty accrual decision create any ethical dilemma for Bly? Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.
Write the appropriate audit report, assuming you believe the departure from GAAP is material but not enough to cause you to give an adverse opinion.
What financial information are such clubs likely to collect and maintain? Assuming that the club keeps manual accounting records; would you consider such systems accounting information systems? Why or why not?
Compute the amount of pension expense to be reported for 2008 (show computations) Prepare the journal entry to record pension expense and the employer's contribution for 2008. Assume no new actuarial gains/losses were experienced and that actual re..
Which of the following is an example of a variable cost?
Discuss each request below for a budget revision, putting what you see as both sides of the argument and reach a conclusion as to whether a budget revision should be allowed.
Conduct a three factor DuPont analysis for Starbucks and Dunkin' Donuts for 2011 and 2012 end-of-year results. Use the information from financial statements in the 2012 annual reports.
The part of the variable overhead budget variance due to the difference between actual hours required and standard hours allowed for work done is called the:
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