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Albertville Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather. Albertville Inc.’s leather inventory policy is 30% of next month’s production needs. If the leather policy is met, what will the July 1 inventory be?
a. 750 square meters
b. 1,050 square meters
c. 1,825 square meters
d. 300 square meters
How to report in tax return at the end of year for both the buyer and seller? Do we need to report anything in Schedule k or k-1 or Form 8949 or Schedule D.
What would your response be, drawing on concepts from this course. What is this designation? How do you get it? How might it help someone who has a commitment to a career in accounting.
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Product costs are?
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company doesn't ring up sales taxes separately on cash register total receipts for october amounted to $18900. if sales tax rate is 5%, what amount must be remitted to the state for October's sales tax?
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What is the quality of the evidence that is gathered substantive testing procedure? How competent is evidence provided by analytical procedures compared with other types of evidence?
Include substantive tests of transactions, analytical procedures, and tests of account balances in your audit program. Be sure to identify the procedures necessary to analyze the income statement accounts related to your selected business cycle.
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