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Question 1: You have started a new business. The initial investment was one million rupees. Now choose a business of your own choice. Afterwards you need to prepare complete accounting cycle which includes (Analyze and record transaction, post transaction to the ledger account, prepare an unadjusted trial balance, Financial statements including balance sheet, income statement, statement of retained earnings, closing accounts and after closing trial balance).
Is the direct or indirect method used to report operating activities? What is the largest adjustment to net income in reconciling net income and cash flows from operations in the most recent year?
Using the following information, find FIFO periodic COGS and LIFO perpetual COGS. Beginning Inventory - 20 units @ $3,May 3 Sale - 35 units
What assumptions should she use in her calculations? What technique should Rebecca use to solve this problem? What might Rebecca's solution look like?
Describe cost volume profit analysis and how management can use it in more than just financial analysis. Explain the main differences between operating income and net income overall for a business.
Using Excel, prepare the following budgets for the twelve-month period from January 2018 to December 2018 - Monthly Operating Cost Budget
The expected return on KarolCo. stock is 16.5 percent. If the risk-free rate is 5 percent and the beta of KarolCo is 2.3, then what is the risk premium on the market assuming CAPM is true?
Discuss the principle of life-cycle analysis and how it might apply to WGL - WGL is considering preparing GRI reports. Will WGL be required to report on the production of the nappies? Why or why not?
1 use the information provided below to calculate the ratio for 2012 that would reflect each of the following where
the desired December 31 2012 inventory is 8000 units. what is the budgeted production (in units) for 2012
Find out the breakeven point in units and dollars. Also, find out the number of units and dollars which need to be sold to make a target profit of $5,000 month. Recognize what types of trends you must be aware of in the industry and who the primary..
SOX legislation requires companies to report, Why would Congress believe internal controls are such an important area to monitor and report on?
The new department will make use of a job order costing system. How and why will this differ from the current process costing system used elsewhere in the plant?
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