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The draft final accounts of RT Ltd for the year 30 April 20X5 showed a profit after tax of $78263. During the subsequent audit, the following errors and omissions were discovered:
(1) Items valued at $2171 had been completely omitted from the closing inventory figure.
(2) The credit side of the wages account had been under added by $100 before the balance account was determined.Show the corrected profit after adjusted these errors.
Your schedule and statement must be in proper form - this means they should look like they would in an annual report-Prepare a schedule of cost of goods manufactured in good form.
kopecky corp. had the following balances in receivable accounts at october 31 2012 in thousands allowance for doubtful
Profit margins and turnover ratios vary from one industry to another. What differences would you expect to find between the turnover ratios, profit margins, and DuPont equations for a grocery chain and a steel company?
use the following data to prepare a flexible budget for possible production levels of 5000 5500 and 6000 units. assume
the westfield company uses predetermined overhead rates to applymanufacturing overhead to jobs. the predetermined
In 2010, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2010, her share of the partnership loss is $70,000. In 2011, her share of the partnership loss is $50,000. How much can Emily deduct in 2010 and 2011?
in 2013 chirac enterprises issued at par 60 1000 8 bonds each convertible into 100 shares of common stock. chirac had
1.the supplies available at the end of fiscal year 2013 had a cost of 3300. 2.the cost of expired insurance for the
If her cost of capital is 12 percent, what is the approximate profitability index?
on january 1 2012 surreal manufacturing issued 600 bonds each with a face value of 1000 a stated interest rate of 3
Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10 percent, compounded annually.
whitman corporation a merchandising company reported sales of 7600 units for may at a selling price of 700 per unit.
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