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!
Company Ltd. prepared its draft 20X0 financial statements in February 20X1. The draft SCI showed earnings of $1,100,000. After the draft statements were prepared, but prior to their approval and release, the external auditors discovered several errors: a) Inventory of $50,000 that was received from a vendor on December 29, 20X0 (and included in the December 31, 20X0 physical inventory count) had not been recorded as an account payable until well into January 20X1. b) The company had shipped product worth $240,000 to a distant customer FOB shipping point on December 28, 20X0. The revenue (and AR) was recorded by Company on January 4, 20X1. However, the shipment was excluded from inventory, so COS has been recorded. c) Although the company's internal auditors had discovered a calculation error in the worksheets for the December 31, 20X0 physical inventory, the error was not yet corrected. Year-end 20X0 inventory actually should have been $100,000 greater than recorded and reported. d) Product costing $160,000 was shipped to a large chain of stores in the final week of the fiscal year; a sale (and receivable) of $250,000 had correspondingly been recorded. However, the chain had accepted the product on consignment. Problem 1: What is the revised 20X0 earnings after correction of these errors?
State and discuss four factors that lead to capital budgeting decisions. Additionally, name and discuss the technique for measuring results for a capital budget
Program the MRP for the Individual Project Problem below and solve it with the use of POM-QM for Windows. (Refer to Appendix IV in the Heizer and Render (2011) textbook.
required write a report to the client geolab exploration limited which covers the followinga. a two-column common-size
Filling this special order would not affect Central Company's regular sales volume or fixed manufacturing costs.
Calculate the expected return? Find the standard deviation?Mr. Warren buffet is considering investing in security that has the distribution
Explain how the components of audit risk (inherent, control or detection risk) are affected.You are the audit senior responsible for audit of Sampson Limited.
Suppose that the appropriate discount rate for this project is 6.6%, compounded annually. Calculate the net present value for this proposed project
Fleming, Inc., a domestic corporation, operates in both Canada and the United States. This year, the business generated taxable income of $400,000 from foreign sources and $300,000 from U.S. sources. All of Fleming’s foreign-source income is in the g..
22% ordinary shares issued (2000000 shares) of R8000000, retained earnings of R1000000, Calculate the WACC at target ratios.
Show that the two sets of cash ?ows will have the same present value at t=1 and the Macaulay duration one period from now is exactly 1 less than it is now.
The last machine in each work cell prints a bar-code label that the worker affixes to the box. Prepare a data flow diagram of all operations described
Which Gross profit is calculated as the difference between net sales revenue and? The term "inventory," for a merchandiser, refers to
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