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 - You are the senior in charge of the audit of Hafey Manufacturing Ltd. The information below has been prepared to assess the going concern of the company at the planning stage of the audit and to identify other issues that may impact on audit risk.
Ratio
Unaudited 2021 figures
2020
2019
2018
Inventory turnover
1.35
1.70
2.50
3.12
Quick asset ratio
0.90
1.30
1.68
1.67
Current ratio
2.14
2.33
2.23
Accounts Receivable turnover
3.53
5.12
3.81
5.02
Operating profit to net sales
0.11
0.13
0.15
0.17
Required - Identify three ratios above that may indicate going concern risks or increased risk of material misstatement in the accounts. For each of the 3 ratio's you have identified, document the account(s) and assertions.
How does this transaction affect FedEx's ratio
Determine the economic order quantity. Determine the annual cost savings if the shop change from an order size of 15 units to the economic order quantity.
Which of the following is an example of fraud? A mistake in processing accounting data./An incorrect accounting estimate arising from misinterpretation of facts
1.the perfect tool company south america division produced 80000 saw blades during the year. it took 1.5 hours of labor
During April, Darling Company incurred factory overhead costs as follows: indirect materials, $30,000; Journalize the entry to record the factory overhead
An owner of 1,000 shares of Simmons Company common stock receives a stock dividend of 6 shares. What is the effect of the stock dividend
Kell Corporation manufactures computers. What is Kell's actual manufacturing overhead cost
Tom and Lynda also inform you that each individual member uses $10 worth of supplies per month. What is the budgeted amount of supplies to be purchased
The expected dividends to be paid in 2014 is $3,500. What is the projected retained earnings on Dec. 31st, 2014
Prepare the journal entry(s) to record Lacy's pension expense, gains or losses, prior service cost, funding, and payment of retiree benefits for 2011
when an accounting change is reported under the retroactive approach account balances in the general ledger1are not
algorithmic periodic inventory by three methods the units of an item available for sale during the year were as follows
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