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Cisco Performs the Virtual Close Technology has dramatically shortened the closing process. Recent surveys have reported that the average company now takes only six to seven days to close, rather than the previous 20 days. But a few companies do much better. Cisco Systems can perform a "virtual close"- closing within 24 hours on any day in the quarter. The same is true at Lockheed Martin Corp., which improved its closing time by 85% in just the last few years. Not very long ago, it took 14 to 16 days. Managers at these companies emphasize that this increased speed has not reduced the accuracy and completeness of the data. This is not just showing off. Knowing exactly where you are financially all of the time allows the company to respond faster than its competitors. It also means that the hundreds of people who used to spend 10 to 20 days a quarter tracking transactions can now be more usefully employed on things such as mining data for business intelligence to find new business opportunities.
Problem 1: Explain who the stakeholder whould benefits from this shorter closing process?
Under variable costing, which of the following costs would be included in finished goods inventory?
Imagine that you are the cost accounting manager and the director of your present or past organization. Management wants your opinion on whether the company should manufacture a new electric car. You informed management that you will need to perform ..
Pro forma balance sheet construction - Use the following industry average ratios to construct a pro forma balance sheet, for Carlos Menza, Inc.
On January 1, 2027, B17-ApY Company spent $77,000 in order to overhaul. Calculate the amount of depreciation expense recorded on the equipment for 2027.
Petunia Ltd purchased 75% of the shares of Lavender Ltd for a cash payment a number of years ago, when the retained earnings of Lavender Ltd were €200,000, and the share capital of Lavender Ltd was €100,000.
Make the pie chart using the operating expenses from the first income tement in part (c) (i.e., without discontinued operations).
Which of the following is properly attributable to the cost of land?
on 1st january 2010 jacob issues 800000 of 9 percent 13-year bonds at a price of 96frac12. six years later on january 1
Identify the measure of risk that is most consistent with the client's statement. Explain one weakness of that measure of risk and provide the examples for this
Post the adjusting entries to the general ledger. Prepare the income statement. Prepare the statement of owner's equity. Prepare the balance sheet.
An example of direct labor cost is:
United Snack Company sells 60-pound bags of peanuts to university dormitories for $52 a bag. The fixed costs of this operation are $474,280
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