Your friend Cynthia has hired you to evaluate the following internal control procedures. a) Explain to your friend whether each of the numbered items below is an internal control strength or weakness. You must also state which principle relates to each of the internal controls. b) For the weaknesses, you also need to state a […]
Captain Sporting Goods is authorized to issue 13,000 shares of common stock. During a two-month period, Captain completed these stock-issuance transactions: Jul 23 Issued 3,200 shares of $1.00 par common stock for cash of $13.00 per share. 12 Received inventory valued at $13,000 and equipment with market value of $48,000 for 3,000 shares of the […]
Presented below is information related to LeBron James Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $77,760 $10,560 10 B 64,512 9,216 9 C 69,120 6,912 9 D 36,480 2,880 7 E 45,120 4,800 6 Compute the rate of depreciation per year to be applied to the plant assets under the composite […]
Micrium, a computer chip manufacturing company, sells its products to its distributors for onward sales to the ultimate customers. Due to frequent fluctuations in the market prices for these goods, Micrium has a “price protection” clause in the distributor agreement that entitles it to raise additional billings in case of upward price movement. Another clause […]
Uncollectible accounts (bad debts) are generally an expected and unavoidable cost of doing business. Some are caused by fraud, others by bankruptcy, still others by death of the debtor. Management must choose between liberal credit policies, which increase both sales and bad debt expenses, and strict credit policies, which reduce sales and minimize bad debts. Picture yourself […]
WRTG 391 Writing Assignment #3 Synthesis Essay (sometimes called a Literature Review) Writing Assignment #3 will be a synthesis essay , a format that is sometimes referred to as a literature review . Please click here for a video that briefly describes and outlines this writing assignment. Organization: Your synthesis essay should be organized […]
To increase its sales, a company decides to increase its credit terms from 15 to 30 days. What effect will this change in policy have on receivables turnover and days’ sales uncollected?
Demographic Shifts Layoff Practices and Succession Planning 1To be a true strategic partner, does HR need to take on a more generalized or specialized approach to work? Why 2What problems are demographic shifts and layoff practices causing for Succession Planning? 285 words
Harrell Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost Rs.9 each .Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is Rs.15 per shirt. (15) Required: a. What are the total cost of shirts and cost pre shirt […]
Unit 5: Perfume (Reading) 63 63 unread replies. 63 63 replies. Instructions Please choose one of the following questions to answer for this unit Before answering this unit’s questions, you should read “The Unbearable Straightness of Violence: Queering Serial Murder in True Crime,” p. 209 in Natural Born Celebrities. Keep in mind, as you read, a few of the questions […]
