Exchange”‚ Journal of Financial Management and Analysis‚ Vol. 19 Nos 26/25. Lipton‚ M. and Lorsch‚ J.W. (1992)‚ “A modest proposal for improved corporate governance”‚ Business Lawyer‚ Vol. 48 No. 1‚ pp. 59-78. Michalski‚ G. (2008)‚ “Determinants of accounts receivable level: portfolio approach in firm’s trade credit policy”‚ Acta Oeconomica Pragensia‚ Vol. 16 No. 5‚ pp. 47-56. Myers‚ S. (1984)‚ “The capital structure puzzle”‚ Journal of Finance‚ Vol. 39‚ pp. 572-92. Nadiri‚ M.I. (1969)‚ “The determinants of
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related to the follow areas: * Segregation of Duties * Lack of Internal Control - Lack of control on main production for the company. - Lack of control in accounting records procedure - Lack of control in handling and recording accounts receivable *
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$50‚000 $50‚000 Accounts receivable $300‚000 $350‚000 Inventories $350‚000 $500‚000 Total current assets $700‚000 $900‚000 Accounts payable $200‚000 $250‚000 Bank loan 0 150‚000 Accruals 150‚000 200‚000 Total current liabilities $350‚000 $600‚000 If sales in 2010 were $1.2 million‚ sales in 2011 were $1.3 million‚ and cost of goods sold was 70 percent of sales‚ how long were Robinson’s operating cycles and cash conversion cycles in each of these years
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annum) industry norm from 12% - 15%. * (ROA) Return on total assets made during the year 2012 20.41% per annum better than 2011 which was 19.35%.(normal ratio 6% or more) * The receivable turnover made during the year 2012 is 74 days per annum improved slightly than 2011 which was 75 days. * Accounts payable turnover made during the year 2012 is 9 days per annum better than 2011 which was 81 days. (That means that the company have more liquidity to pay creditors in short time).
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Accounting for Merchandising Business Merchandising Operations 1. A merchandising business is engaged in buying goods and selling these at a profit. 2. The primary source of revenues is referred to as sales revenue or sales. 3. The operating cycle of a merchandising company ordinarily is longer than that of a service company. 4. Income is measured by cost of goods and operating expenses from sales revenue. * Cost of goods sold is the total cost of merchandise sold during the period
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Audit Program Design Part II ACC/546 May 2‚ 2011 Audit Program Design Part II The audit of Apollo Shoes‚ Inc. requires a design of steps to develop audit objectives to plan the audit. The financial statements are divided into cycles to better manage the audit and disperse to staff within the firm. The following cycle’s sales and collection‚ payroll and personnel and acquisition and payment were developed to design test of controls‚ substantive tests of transactions and analytical procedures
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manufacturing system. Looking specifically at Dell’s working capital competitive advantage‚ several aspects put Dell ahead of the curve. Through Dell’s Direct Sales model‚ they get paid before they have to spend money‚ which reduces/eliminates accounts receivables. They also keep their inventories low which not only reduces the warehouse cost‚ but also minimizes the decreased value of inventory over time. Another advantage of orders manufactured on demand is that it allows Dell to quickly adapt and change
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Term Paper On “Accounting Procedures in educational Institution in Banlgladesh “ North South University (NSU)” Supervised by: Shapon Kumar Paul Associate Professor Department Of Accounting Govt. Bangla College‚ Dhaka Prepared by: Md. Bellal Hossain Bapari BBA (Honours)‚ 2nd Year. Roll. 9593910 Department. of Accounting Govt. Bangla College‚ Dhaka. Date of submission: Govt. Bangla College‚ Dhaka Letter of Transmittal Date. To Supervisor Shapon Kumar Paul Associate Professor Department
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Whitney Riddle Financial Accounting October 3‚ 2012 Chapter 4 Questions 1. “A worksheet is a permanent accounting record and its use is required in the accounting cycle.” Do you agree? Explain. - I disagree‚ with this statement because a worksheet is not a permanent accounting record it is neither a journal nor a part of the general ledger. A worksheet is a device used preparing adjusting entries and the financial statements. 2. Explain the purpose of the worksheet
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of information will be available through corporate Intranet and the Internet. Having the proper hardware and software integrating Riordan’s data into automated systems will make life easier for those involved with all the accounting cycles‚ especially accounts receivable. Who Needs Access To What Information Many different departments of Riordan will need access to different levels of the new system. The accounting clerk needs access to enter and edit billings‚ payments‚ and adjustments of credits/debits
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