Reference no: EM132745369
Questions -
Q1. Sara Smith has worked for Bosco Inc. for 20 years without taking a vacation. An internal control feature that would address this situation would be...
A. human resource controls.
B. physical controls.
C. establishment of responsibility.
D. documentation procedures
Q2. Novak Corp. unadjusted trial balance includes the following balances (assume normal balances):
Accounts Receivable $1140000
Allowances for Doubtful Accounts $20700
Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
A. $46422
B. $68400
C. $70278
D. $47700
Q3. The following credit sales are budgeted by Kingbird, Inc.:
May $542600
June $798000
July $1117200
August $957600
The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of August is
A. $893760.
B. $985048.
C. $938440.
D. $957600.
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What entry to record the sale on the books of image should
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What the amount of share premium - treasury resulting
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Competitor communication analysis
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How much should be the balance in the share premium
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What amount of bad debt expense will the company record
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Calculate the present value of both the options
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Which the journal entry on conversion date will include
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Compute the profit margin ratio
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What was the direct labor rate variance for the month
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