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1. What is the campany's revenue recongnition policy? (hint: look in the notes to the financial statements.)
2.Assuming that $50 million of cost of sales was due to non inventory purchase expenses (distribution and occupancy cost ), how much inventory did the company buy during the year? (hint use a T-account of the inventory in infer how much was purchased .)
3. Calculate general administrative , and selling expenses of sales for the years ended January 31, 2009, and January 31, 2008, By what percent did these expenses increase or decrease from fiscal year 2007 and 2008? The company's fiscal year ends on January 31, 2009 (hint: Percentage = [Current Year Amount- Prior Year Amount}/Prior Year Amount )
4. Compute the company's total assets turnover for the year ended January 31, 2009, explain its meaning
Journalize the July transactions and prepare and record the adjusting journal entries for the following July 31 end of period adjustments:
Describe whether direct labor is a fixed or a variable cost. What are the pros and cons of management treating direct labor as a variable cost? Are there ethical issues to be considered here?
Administrative and Selling expenses
calculation of cost of goods sold.the balance in the finished goods inventory account on july 1 2007 was 34000 and the
Journalize the entries to record the preceding transitions and purpose the investment related asset and stockholders equality balance sheet disclosures for Roman Products.
Given base index and index at delivery, estimation of adjusted contract price.
variable and absorption costing unit product costs and income statement explanation of difference in net operating
Explain the major differences between equity and debt financing, and discuss the primary ways in which each would affect the future of the partners' business.
show through some examples that every other way of allocating income provides less utility than does the point identi?ed in part b. graph this utility maximizing situation.
Determine the debt ratio based on the information below. Be sure to label your answer clearly and show all work.
What conclusions do you draw from the ratio analysis that you performed? This should be an in-depth discussion that may draw on other resources - Describe the executive management structure. What are the corporate governance processes
Create a situation or scenario in which it may be appropriate to recognize revenue as the productive activity takes place. State whether or not there are any other times appropriate for recognizing revenue. Give a rationale with your response.
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