of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases in costs of goods sold and inventories disproportionate with growth of sales a)
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Case Study on Transfer Pricing: BYRCH’S PAPER COMPANY If I were to price these boxes any lower than $480 a thousand‚ said James Brunner‚ manager of Byrch Paper Company Thompson Division‚ I’d be countermanding my order of last month for our salesmen to stop shaving their bids and to bid full cost quotations. I’ve been trying for weeks to improve the quality of our business‚ and if I turn around now and accept this job at $430 or $450 or something less than $480‚ I’ll be tearing down this
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Problem 1 The Commonwealth Company uses a job-order cost system and applies manufacturing overhead cost to jobs using a predetermined overhead rate basedon the cost of materials used in production. At the beginning of the year‚ the following estimates were made as a basis for computing the predetermined overhead rate: manufacturing overhead cost‚$186‚000; direct materials cost‚$155‚000. The following transactions took place during the year (all purchases and services were acquired on account): a
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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1. What is the MOST critical issue the US is facing today? The US is facing many critical problems‚ but one that does stand out has to be unemployment and the government not wanting to work for the people. I do agree that some Americans are unemployed for various reasons‚ but there certainly has to be a limit for that. I’m sure more than half of the unemployed Americans in the US are on welfare‚ which also puts a damper on the economy. I can use many examples of people I know. There’s people who
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CHAPTER 11 Current Liabilities ASSIGNMENT CLASSIFICATION TABLE | | |Brief Exercises | |Problems |Problems | |Study Objectives |Questions | |Exercises |Set A |Set B | |Explain a current liability and distinguish between the major types of|1 |1‚ 2
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or the fair market value of the asset received‚ whichever is more clearly determinable. 3. The primary advantages of leasing are (1) reduced risk of obsolescence‚ (2) little or no down payment‚ (3) shared tax advantages‚ and (4) reduced recorded assets and liabilities. 4. When only the land is to be used‚ all demolition and removal costs of the building less any proceeds from salvaged materials are necessary expenditures to make the land ready for its intended use. Any costs for clearing‚ draining
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Justin Bieber Deport Petition: The White House Responds In Statement Us Weekly 7 hours ago Justin Bieber Deport Petition: The White House Responds In Statement . View photo Justin Bieber Deport Petition: The White House Responds In Statement Not this time! The White House officially responded to a petition that asked for Justin Bieber’s deportation on Friday‚ April 18‚ ultimately siding with the 20-year-old entertainer. PHOTOS: Justin’s biggest scandals "Sorry to disappoint‚ but we
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Individual Assignment 30% (40 marks) Question Spears Limited is engaged in manufacturing of special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a)
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New Zealand? Analyse how this will affect the New Zealand film industry and New Zealand society. Warner Brothers‚ one of Hollywood ’s most famous studios‚ was founded in 1923 by four actual brothers: Jack‚ Sam‚ Harry & Albert Warner. On April 4‚ 1923‚ with help from a loan given to Harry Warner by his banker Motley Flint‚ they formally incorporated as Warner Bros. Pictures‚ Inc. I believe that production of H0bbit movie is benefit for New Zealand economy and New Zealand Government provide
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