inventory account balance to reflect the results of the ending inventory physical count. Calculate cost of goods sold using the results of an inventory count and understand the impact of errors in ending inventory on reported cost of goods sold. ACCT-5031 Obtaining an
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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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WEEK 7 RESEARCH PROJECT (SET #1) DeVry University Acct 429-Professor Woodard Rosa Leon TAX FILE MEMORANDUM-1st Assignment FROM: Rosa Leon SUBJECT: Tracy Meal Deduction Question Today I talked to Tracey taxpayer with respect to her question regarding the meal deductions. Tracey is a sales representative for a national pharmaceutical company. FACTS: She has a rather large sales territory‚ and she makes her rounds to her customers using acompany-owned car over a 16- to 19-hour period of
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Acct 555 HW Week 6 Chapter 14‚ pages 468–469: Problems 14-21‚ 14-22‚ 14-23‚ and 14-24 a. The accounting system will not post a sales transaction to the sales journal without a valid bill of lading number. This control is most relevant to which transaction-related objective for sales? (1) Accuracy (2) Occurrence (3) Completeness (4) Posting and summarization 467468 b. The accounting system automatically obtains the unit price based on scans of bar codes for merchandise sold. This control is most
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Acct 3120 External Financial Reporting II Chapter 14 Debt This quiz is based on the 10-K for the year ended December 28‚ 2013 for PepsiCo‚ Inc. You can obtain Pepsi’s financial statements from the firm’s corporate web site at http://www.pepsico.com/Investors.html. Unless otherwise indicated‚ all questions relate to the current period’s financial statements. 1. How much is the current maturity of Pepsi’s long-term debt that was shown as a current liability? 5306millions 2
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Scenario Two Problem Solution Executive Briefing Jeanni University of Phoenix MBA 530 Human Capital Development Gwen McCants-Allen January 11‚ 2007 Scenario Two Problem Solution Executive Briefing The legendary scientist‚ Albert Einstein once stated‚ "No problem can be solved from the same state of mind that created it " This famous quote can definitely be applied to the topic of discussion today. The course study model‚ Riordan Manufacturing (a global plastic producer organization)
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Skills Development Cases Yige zhang 1219313 ACCT 2113-01 Chapter 1 S1-1 1. What is the amount of net income for the year ended February 1‚ 2009? Net Income=$2‚260‚000‚000 2. What is the amount of sales revenue was earned for the year ended February 1‚ 2009? Sales Revenue=$71‚288‚000‚000 3. How much inventory does the company have on February 1‚ 2009? Inventory=$10‚673‚000‚000 4. How much does The Home Depot have in cash on February 1‚ 2009? Cash=$519‚000‚000 5. The
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Case Study 2-Internal Controls 2014 ACCT 504 Table of Contents I) Introduction II) Internal Control Requirements-Sarbanes/Oxley Act III) Internal Controls-Strengths IV) Internal Controls-Opportunities for Improvement Introduction It has come to the attention of the president of LJB Company that an evaluation is needed to determine the reliability and level of compliance of the company’s
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000 Pg. 60 DR…. To the Left CR…. To the Right Pg. 62 Current Ratio (#) = Current Assets Current Liabilities Pg. 69 More stringent test of liquidity Net Working Capital ($)= Current Assets – Current Liabilities Pg. 69 Expense Accts Equity Accounts CR Normal DR FSET Template-Balance Sheet Transaction 522 Net Income Dividends Measures Solvency (Ability to avoid bankruptcy) >1 is more risky
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Hayley Wicks ACCT 540 Week 4: Course Project (Case 1) Typically‚ hedging strategies are implemented as a means of protection. The dictionary tells us that hedging strategies involve making counterbalancing investments in order to avoid a loss. With regards to the futures market‚ hedging strategies involve a position in the market that is the opposite of an entity’s current position. Any gain or loss in the cash market is usually followed by a counterbalanced effect in the futures market since the
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