User Account

All Pages

Write a brief tactful email

Assignment Help Accounting Basics
Reference no: EM132598676

You are the controller of Small Toys Inc. Mutahir Kazmi, the president, recently mentioned to you that he found an error in the 2020 financial statements that he believes has now corrected itself. In discussions with the purchasing department, Mutahir determined that the 2020 ending inventory was understated by $1 million. However, the 2021 ending inventory is correct. Mutahir assumes that 2021 profit is correct and comments to you, "What happened has happened-there's no point in worrying about it now."

Instructions

Question 1: You conclude that Mutahir is wrong. Write a brief, tactful email to him that clarifies the situation.

Reference no: EM132598676

Questions Cloud

What the statutory deductions : Write memo to Rose explaining what the statutory deductions consist of and by what methods they may be determined
What the theory can teach today health care administrator : What this theory can teach today's health care administrator in terms of optimizing services, managing staff, and planning for the future.
Compute the proper earnings per share : Compute the proper earnings per share for 2018. Santana Corporation has 370,000 shares of common stock outstanding throughout 2018.
The fixed exchange rate system : The past two hundred years have seen an international monetary system based upon the gold standard, the fixed exchange rate system
Write a brief tactful email : You are the controller of Small Toys Inc. You conclude that Mutahir is wrong. Write a brief, tactful email to him that clarifies the situation.
Module concerning analysis of case study data : Consider the readings for this module concerning the analysis of case study data.
Explain why access to care issues will need to be monitored : Explain why access to care issues will need to be monitored even more closely within the U.S. healthcare system beginning 2014.
How does gonorrhea lead to pid : Jane, aged 23 years, tested positive for gonorrhea a year ago. Her partner was also diagnosed with penicillinase-producing N. gonorrhea and was given antibiotic
Identify and analyse factors affecting the trend : Explain the reasons/sources of the comparative advantage in each of the chosen countries - identify an industry or industries in which the chosen countries

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd