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The inventory turnover for an industry is 6 (every two months) but Slow Corp. turns over its inventory 4 times a year (every three months). If annual sales are $1,000,000 and the interest cost to carry inventory is 12 percent, what is the potential savings in interest expense if the firm achieves the industry for the turnover of its inventory
A company will need to choose an accounting method. What are the differences between the cash basis of accounting and the accrual basis of accounting? When are income and expenses recognized under each method?
Breakeven analysis isn’t very useful to a company because companies need to do more than break even to survive in the long run.” Explain why you agree or disagree with this statement.
what is needed for an auditor to understand clients business processes and accounting systems? what type of computer
the four key behavioral considerations in management accounting and control system design include all of the following
at year-end december 31 chan company estimates its bad debts as 0.30 of its annual credit sales of 753000. chan records
1. why is studying auditing different from studying other accounting topics?2. how might understanding auditing
How much of the unit product cost of $71.70 is relevant in the decision of whether to make or buy the part - what is the net total dollar advantage (disadvantage) of purchasing the part rather than making it?
an interesting thing about bonds is that if you hold a bond you might want the interest rate in the market to decline
discuss the propriety of a increasing the stated value of goodwill prior to the negotiations and b eliminating
firm h has the opportunity to engage in a transaction that will generate 100000 cash flow in year 0. how does the npv
the edge mfg. company decided to expand further by purchasing the bell company. the balance sheet of bell company as of
Which of the following would not overstate current period net income?
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