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Question - DustVac buys from a wholesaler and sells at retail the model DV99 carpet vacuum with details as follows:
Usage per annum is 2 orders p.a. @ 1,500 units each
Order costs of $80.67 per order
Holding cost per unit per annum $40.00
What would be the number (rounded) of orders required per year if the economic order quantity were used?
a. 27 orders p.a.
b. 33 orders p.a.
c. 38 orders p.a.
d. 34 orders p.a.
Using the direct method of presenting cash flows from operating activities, prepare a statement of cash flows in accordance with AASB 107/IAS 7
Wishaw, Inc. produces and sells outdoor equipment. On July 1, 2014, Wishaw, Inc. issued $150,000,000 of 20-year, 12% bonds at a market (effective) interest rate of 9%, receiving cash of $191,403,720.
By what amount Effect on net income for the year ended December 31, 2021. Inventory on December 31, 2021 was overstated by $15,000
Consult Paragraphs 14–15 of PCAOB Auditing Standard No. 13. If you were auditing Waste Management, what type of documentary evidence would you require to evaluate the propriety of a top-side adjusting journal entry?
What types of financial and management goals Medi-Supply might have as the company looks for investors? How Medi-Supply can avoid unethical practices
From your companies' financial statements, list each item of equity and write your understanding of each item. Discuss any changes in each item of equity
What steps can/should be taken to prevent another fraud such as was involved with Enron? What regulations or other changes might be implemented
What is the present value of the dividend at the end of year 7? Siesta Corp. will pay a dividend of $7 per year for the next 10 years, and then stop paying.
Your firm has Gross profit margin of 30% and sales of 134,400. What is the amount of Cost of goods sold? What is the amount of Gross Profit?
Prepare an income statement based on this information, being careful to include only those items that should appear in that financial statement.
Use three qualitative characteristics of financial statements to discuss this statement. explain any two accounting conventions that limit the scope
A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, 25% the following month, and 5% is uncollectible.
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