ALL ANSWERS ASSUME A TAX RATE OF 35% Even though the tax rate appears to be 1720 / 6725 = 25.57% In answering the following questions‚ please refer to the financial statements of Caterpillar Inc. (CAT) and the relevant Notes to these statements at the end of this write-up. 1. What could be the cause(s) for the shift in LIFO-based inventory from 70% at December 31‚ 2010 to 65% at December 31‚ 2011? A decrease in the replacement cost for Cat’s inventories‚ or an increase
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A Library Management System For Malinta National High School In Valenzuela City In Partial Fulfillment To the requirements of Technical Documentation and Presentation Skills In ICT Submitted to: ASSOC. Prof. Iluminada Vivien Domingo‚ DBA Submitted by: Paraños‚ Philip C. Tanyag‚ Adriano Miguel July 9‚ 2014 TITLE: A Library Management System for Malinta National High School in Valenzuela City KEYWORDS: 1. ADDING – Adding new books in the records
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1. Describe in words how costs are assigned in the Wilkerson’s current costing system. Discuss the pros and cons of this system. Wilkerson uses a simple traditional cost accounting system in which each unit of product is charged for direct material‚ direct labor and overhead costs. Material cost is based on the prices paid for component under annual purchasing agreements. Labor cost is charged to products based on the standard run times for each product. Labor rates‚ including fringe benefits
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accept all proposed audit adjustments. The auditor’s main duty is to provide reasonable assurance to verify the accuracy and compliance of client’s financial statements‚ to ensure that it conveys data and information of events occurred within the accounting period. When a misstatement is found‚ the auditor should decide whether the misstatement is material‚ considering both amount and quality perspectives. If it is a material misstatement‚ the auditor should mainly insist in making proper adjustments
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Article: “The Case for Contamination” by Kwame Anthony Appiah In “The Case for Contamination” the author Kwame Appiah analyzes and points out the many ways in which the world is becoming globalized. He uses many extensive examples to show that the world is getting ‘contaminated’. By ‘contamination’ he means that the mixture of all the innovative values and traditions are damaging and eventually destroying what our ancestors have left us. In his analysis‚ he describes the gradual transformation
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A. What is an account receivable? What other names does it go by? Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services on credit. These receivables are generally expected to be collected within 30 to 60 days. They are typically the most significant type of claim held by a company. Accounts receivable and notes receivable resulting from sales are also known as trade receivables. Accounts receivable resulting from sales are referred to
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FAR 600 TUTORIAL 4 BACC 8G GROUP MEMBERS: NUR AIN BT ABU BAKAR NUR LIYANA BT MOHD ZAINI AKMA NUR AMANINA BT ZAKARIA MADIHAH BT ABU THARIM DATE OF SUBMISSION: 5 APRIL 2013 PREPARED FOR: MADAM AFIDAH BT SAPARI QUESTION 5 How principal in the agency relationship protects again the opportunistic behavior of the agent and the agent’s response to this. There are two costs that will be implemented by the principal towards the opportunistic agent behavior. First is monitoring cost which
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cost of packaging the company’s product............................................................ Product (Inventoriable) Cost X X X X X Period Cost X X X X X X X X X X © McGraw-Hill Ryerson Ltd. 2012. All rights reserved. Solutions Manual‚ Chapter 2 1 Exercise 2-3 (15 minutes) Mountain High Income Statement For the month ended xxx Sales ............................................................. Cost of goods sold: Beginning merchandise inventory ................. Add: Purchases
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Case Study Analysis: Abstract This analysis examines freight cost and cleaning fluid supplies at two locations; Cincinnati and Oakland‚ to determine the optimal distribution network to supply the cleaning fluid to Great North American at minimal cost to Solutions Plus. Based on projected cost a bid recommendation is made and decision factors related to the analysis are discussed. Keywords: Solutions Plus‚ Cost minimization‚ Breakeven‚ Bid‚ Shipping Cost Background Solutions Plus is an
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Kwame Anthony Appiah is a philosopher who teaches at Princeton University‚ he wrote “The Case for Contamination.” This essay discusses both the negative and positive side of globalization. As you read the essay Appiah flips back and forth between the negative and positive and find that there are cultures who want to continue with their traditional ways. They believe that their culture will slowly fade away with globalization. Other cultures want to grow with the world‚ and believe that globalization
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