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!
Spencer Wilkes is the marketing manager at Darby Company. Last year, Spencer recommended the company approve a capital investment project for the addition of a new product line. Spencer's recommendation included predicted cash inflows for five years from the sales of the new product line. Darby Company has been selling the new products for almost one year. The company has a policy of conducting annual postaudits on capital investments, and Spencer is concerned about the one-year post-audit because sales in the first year have been lower than he estimated. However, sales have been increasing for the last couple of months, and Spencer expects that by the end of the second year, actual sales will exceed his estimates for the first two years combined.
Spencer wants to shift some sales from the second year of the project into the first year. Doing so will make it appear that his cash flow predictions were accurate. With accurate estimates, he will be able to avoid a poor performance evaluation. Spencer has discussed his plan with a couple of key sales representatives, urging them to report sales in the current month that will not be shipped until a later month. Spencer has justified this course of action by explaining that there will be no effect on the annual financial statements because the project year does not coincide with the fiscal year--by the time the accounting year ends, the sales will have actually occurred.
the cost of merchandise sold for kohls corportation for a recent year was 10680 million. the balance sheet showed the
On August 1, 2009, the company is paid $3,840 cash in advance to provide monthly service for an apartment complex for one year. The company began providing the services in August. When the cash was received, the full amount was credited to the Ext..
in recent years howard company has purchased three machines. because of fre- quent employee turnover in the accounting
the divine merchandising corporation began march operations with merchandise inventory of 6 units each of which cost
why is cvp analysis generally used as a short-run tool? would cvp ever be appropriate as a long-run model? explain why
de anza manufacturing has just hired a new controller diana deanza. during her first week on the job diana was asked to
1. brandon corporation issues 2000 shares of 40 per common stock for 43 per share. the amount credited to paid-in
this problem has multiple parts but they all are related.many requiered budgets needed see bottom just help me with
Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.2 million, current ratio = 1.70 times, inventory turnover ratio = 12.2 times, average collection period = 22 days, and sales = $102 million.
During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.
accounts receivable arising from sales to customers amounted to 45000 and 50000 at the beginning and end of the year
Gardner Corporation purchased a truck at the beginning of 2010 for $75,000. The truck is estimated to have a salvage value of $3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2010 and 32,000 miles in 2011. What is the depre..
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