Case 13.12 Describe the weaknesses that exist in Alden’s expenditure cycle. There are three performances that take place in the expenditure cycle: ordering items‚ receiving the items and paying for those items. The weakness that the Alden’s have is that they do not have an inventory control method‚ which means they just estimate what they need at the end of the month and purchase items. Another weakness is that they do not keep record of the inventory that is brought in and the inventory that
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2. Do you think the CAPM model is an appropriate way to calculate the cost of equity for these projects? Why or why not? Yes‚ the CAPM model is an appropriate way to calculate the cost of equity for these projects because they are short-term and it takes into account the riskiness of each project. 5. Which of the projects are unacceptable and why? Projects A and B are unacceptable because they both have negative Net Present Values. 7. Which project do you recommend and why? Explain why each
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THE UNIVERSITY OF NEW SOUTH WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 Introduction to Financial Accounting & Key Financial Statements Student Handout Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au Blackboard: http://telt.unsw.edu.au. Session 1‚ 2013 WEEK 1: Introduction to Financial Accounting & Key Financial Statements Welcome to Accounting and Financial Management
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For example‚ the Operating Support Team’s traffic accident handling costs are not related to revenue. Instead‚ the number of accidents should be used as cost driver. Although the number of accidents decreased by approximately 43% from 54 cases in 2007 to 31 cases in 2008‚ the traffic accident handling costs increased by approximately 40% from $11.7 to $16.4 million. Apart from inappropriate cost drivers‚ the method allocated unnecessary resource to branch activities that are not related to operation
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Unit 504.1 In the work setting there are legislative frameworks to follow. I have complied the following information using www.hse.gov.uk and company policies as reference The Health and Safety at Work Act 1974 (HSAW) outlines key requirements for employers and employees but does not implement these requirements. This is where the Management of Health and Safety at Work Regs 1999 (MHSW) come into effect. For these acts the following is outlined; Employers have a legal responsibility to assess
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Week 3: Merchandising Operations and Inventory According to http://wiki.answers.com/Q/What_is_the_difference_between_a_merchandising_company_and_service_company There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement
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Question 1: At any of these dates‚ did Intel have a contingent liability as defined by SFAS #5? June 30: Intel has discovered the flaw No contingent liability‚ no disclosure. According to Intel‚ a series of tests has showed that an error would occur only once every nine billion random calculations‚ or every 27‚000 years for most users. Therefore‚ the chance that customers would encounter errors in calculations on their Pentium-driven PCs is slight and the event that customers would
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FOUND ON THE LAST PAGE OF THE SAMPLE EXAM. PROBLEM 1 (20 POINTS) 1. Compute the issue price of the bonds on January 1‚ 2010. (3 points) 2. Complete the amortization schedule below for the dates indicated. (3 points) DATE CASH INTEREST EXPENSE AMORTIZATION BOOK VALUE 1/1/10 12/31/10 3. Prepare all necessary journal entries‚ from issuance through the January 1‚ 2011 bond retirement. (14 points) Date Account Debit Credit
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Patrick Treadwell Acct 301 Project 4 Case 9-1 Hudson has been dealing with substantial warehouse costs. Hudson should account for these warehouse costs related to inventories by removing them from the cost of inventories. We learn that certain criteria need to be met in order to establish this which includes: cost incurred to bring inventory in a location to sale (Spiceland). Hudson Company uses the lower-of-the-cost-or-market method for the reason that is allows you not to place greater value
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Executive Summary Employee turnover is an expensive problem for small public accounting firms. Turnover which means the company cannot retain experienced employee which company needs for whatever reason. On the other hand‚ if a company has a healthy employee turnover rate‚ it would be very beneficial to the healthy development of the company. Because that would mean for some people who do not fit the company needs‚ so they leave. And that the right people have the opportunity to show their talent
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