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!
Moss Exports is having a bad year. Net income is only $60,000. Also, two important overseas customers are falling behind in their payments to Moss, and Moss's accounts receivable are ballooning. The company desperately needs a loan. The Moss Exports Board of Directors is considering ways to put the best face on the company's financial statements. Moss's bank closely examines cash flow from operating activities. Daniel Peavey, Moss's controller, suggests reclassifying the receivables from the slow paying clients as long-term. he explains to the board that removing the $80,000 increase in accounts receivable from current assets will increase net cash provided by operations. This approach may help Moss get the loan.
1) Using only the amounts given, compute net cash provided by operations, both without and with the classification of the receivables. Which reporting makes Moss look better?
2) Under what condition would the reclassification of the receivables be ethical? Unethical?
For the expenditure cycle at Hewlett-Packard or any other company, what's your suggestion for the following recommendations to have good internal control of the purchase order processing?
products kappa and sigma are joint products. the joint production cost of the products is 800. kappa has a market value
Mary is an employee of Robert's CPA business who has earned a $50,000 bonus. GR Systems pays Mary $50,000 and also issues Mary Form 1099-Misc. How much gross income is reported by Robert? By Mary?
What is the net present value of a project with the cash flows, if the discount rate is 10 percent - How long will it take the firm to recover its initial investment in this project?
Roberta Hernandez, PA, serves as controller of a Canadian company that has a significant portion of its operations in several South American countries.
Assume that there is no maturity risk premium. An 8-year corporate bond has a yield of 8.3 percent, which includes a liquidity premium of 0.75 percent. What is its default risk premium?
Assume simplified straight line depreciation , this machine is being depreciated down to zero a 34% marginal tax rate and a required rate of 12 %.
dorantes manufacturing company uses a standard cost system. in2010 28000 units were produced. each unit took several
from the e-activity examine the importance of the audit committee oversight related to the quality of the internal
espresso express operates a number of espresso coffee stands in busy suburban malls. the fixed weekly expense of a
What would be the answer to this question and how did you figure it? A company issues $20,000,000, 7.8%, 20-year bonds to yield 8%on January 1, 2007.
Each one of the subsidiary books is a special journal and a book of original or prime entry - journal entries are passed in all the subsidiary books.
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