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Students may write a paper on how they would apply the lessons of this course as a controller for an association they presently work for or have worked for in the past. You can't require including every topic we discuss in class. The most important part of the paper is that you perilously analyze how you would apply these concepts in practice. You will be needed to understand the role of the controller. Internal control is an important area. You may also be required to understand the basic internal control principles and procedures and be able to apply them in practice. For example, the main issues for A/R are avoiding uncollected sales and evaluating the proper amount of uncollectible accounts for the financial statements.
During the month, merchandise is sold for $23,500 cash and for $34,000 on account. The cost of merchandise sold is $41,500. Illustrate what is the amount of gross profit?
What amount should have been assigned to the non-controlling interest immediately after the combination?
Determine the current year's overhead application rate
Purpose a comparative income statement, with vertical analysis, stating each item for both 2006 and 2005 as a percent of sales. Comment upon significant changes disclosed by the comparative income statement.
Define and describe Net Present Value (NPV) as it pertains to the new cafe and define and describe the internal Rate of Control and define discounted cash flow and payback period
Prepare a trial balance as of December 31, 2011. There is no need to show your ledger T-accounts; however, preparing and posting to T-accounts may aid in the preparation of the trial balance.
question consider the given scenariodr. stephanie white the chief administrator of uptown clinic a community mental
A company’s data is presented below. Desired ending inventory is a consistent percentage of the next quarter’s sales and the previous year's 4th quarter ending inventory of 560 units meets this requirement.Compute the expected production in the ne..
Any remaining net income or net loss is shared equally. What is the balance of Nance's capital at rhe end of the year after net income has been distributed ?
Janice has interest income of $5,000 on certificates of deposit at Second Bank. Janice makes estimated tax payments of $17,000 for 2011.
Determine the income from the business, excluding the profit on the sale of the tugboat?
What is the book value of the equipment and does the balance in the accumulated depreciation account mean that the equipment's loss of value is $725,000? Explain.
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