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You have applied to work as an accountant in a small retail business. You have been invited for an interview by the owner who offered you to work as a finance manager after short interview. You will be responsible for all financial activities and management of cash in the business. He said, your job is easy as most of the task is carried out by the cashier. He explained that the cashier is his brother who is responsible for collecting all cash from sales, pay for cash expenses, deposit the money at his convenience. You will be handling the recording of journal entries and preparing financial statements. He encouraged you to support the cashier when you have time. He offered you to start working in two days' time if you are comfortable to accept the position. The only question he asked you is to express your views about the job and explain if you have any concerns.
Problem 1: Briefly express your views about the job and list any concerns you have on the business.
Determine What is the required Total Margin that will make this plan financially feasible? firm projects Reported Income Index values to be 0.85 each year.
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Define the capital budgeting process and easily explain the different criteria for evaluating investment projects. Cite and document references to information
The Session Long Project provides an opportunity to apply ideas and concepts for each module to a real world situations. The assignment has two parts.
Arden’s Used Cars offers a one-year warranty from the date of sale on all cars. From historical data, Mr. Arden estimates that, on average, each car will require the company to incur warranty costs of $760. The following activities occurred during 20..
Management estimates that 5% of credit sales are eventually uncollectible. What the total budgeted cash collections for Yekstop Corp. in December
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