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This Discussion will assess your understanding of organizational risks and ways to mitigate those risks. Briefly discuss at least three risk factors that may be prevalent in a manufacturing entity’s inventory management, and recommend an internal control procedure to address each of the risks.
Which of the is allowed under generally accepted accounting principles - purchase of merchandise on credit using a perpetual inventory system includes
What was the total master (static) budget variance for the period? How much of this variance was attributable to sales volume for the period being different from planned?
As we move forward, and computer technology improves, we will have the ability to utilize programs to look for "red flags" or anomalies within a companies books.
In theory shouldn't an ending trial balance for a cash account match the ending balance on a bank reconciliation for the same month? If not, please provide examples why it may not balance. Please explain your answer.
You purchase 30 bonds with a coupon rate of 5 7/8 and a current market price of 89. The commission charge is $15.00 per bond. The date of the transaction is September 1, and the bond pays interest on January 1 and July 1. Evaluate what is your tot..
Superior Corporation reported taxable income of $1,000,000 in 20X3. Superior paid a dividend of $100,000 to its sole shareholder, Mary Yooper. Superior Corporation is subject to a flat rate tax of 34%. The dividend meets the requirements to be a "qua..
On March 31, Videos Unlimited had received prepayments for a new video game to be released April 30. Videos Unlimited will distribute the game to customers on May 1. What month should we recognize revenue?
On December 20th WSS received sales return request in the mail from EWU. The request was approved and the acknowledgement copy mailed to EWU.
Compute break-even at each level and is the company likely to achieve its desired target profit of $4,000,000 or more? Support your discussion with financial analysis and compute the margin of safety and explain the meaning of the number derived.
Given Garden House's current costs, will its owners be able to achieve their target profit? Evaluate the per unit variable cost for Garden House to achieve its target profit?
A study has been conducted to determine if one of the departments in Parry Company should be discontinued. The contribution margin in the department is $50,000 per year. Fixed expenses charged to the department are $65,000 per year. These data indica..
Based on your response, do you think investors want fraud investigators brought into the company? Illustrate what about potential future investors? Why?
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