Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Heidi Hart, the vice president of financial operations for Castle Candy Manufacturing Company and the controller, Linda Brown, are reviewing the financial statements for the prior two years of 2003 and 2004. Heidi notes that the gross profit margin on sales has increased significantly for 2004 over 2003. Linda is aware that a major reason for the increase is the company's decision to reduce the estimate of warranty and bad debt expense. Heidi is preparing a media communication emphasizing the company's efficiency in controlling costs and she believes this is the reason for the increase in gross profit. Linda is not sure whether to tell Heidi the real reason for the increase.
What is the ethical dilemma in this situation?Should Linda remain silent? Why or why not?What responsibility does Linda have for the representations in the media release?
The accounting principles and procedures that underlie an entity's external reports sometimes are modified for interim reporting purposes. Differences between the annual and interim reporting procedures are most likely to arise in the:
Design at least two tables that could be used in a database for the hosting of information of your selected accounting cycle revenue cycle.
Distinguish between a debt security and an equity security.
Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
ABC company pays a sales commission of 5% on each unit sold. If a graph is prepared with the vertical axis representing per-unit cost and the horizontal axis represented units sold how would a line that depicts sales commission be drawn?
Flagstaff Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year amounted to $2,500,000.
Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities. For instance, tax liabilities will affect where a corporation runs its activities-in the United States or in a foreign country-..
Provide an example of financial institutions, and state what role they play in securities markets.
Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?
Hungry Bites produces corn chips. The cost of one batch is below: Direct materials $18; Direct labor 13.00; Variable overhead; 11.00; and Fixed overhead 14.00.
Prepare the journal entries to record the following transactions in Hunt Ltd’s records using the perpetual inventory system. (For multiple debit or credit entries, list accounts in order of magnitude.)
Identify at least two different accounting careers that you would like to pursue. What excites you about these careers?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd