Happiness Express Inc. 1. a) The primary audit objectives of confirming a client’s year-end accounts receivable include occurrence and accuracy of realizable value. Auditors would like to make sure that the transaction generating the accounts receivable actually occurs‚ and that the receivables are recorded at accurate value for the current reporting period. Usually they will send accounts receivable confirmations to client’s customers directly. b) The primary audit objectives of performing
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AMERICAN EXPRESS A STRATEGIC ANALYSIS OF AMERICAN EXPRESS FRANCE’S CONSUMER AND SMALL BUSINESS PRODUCT LINES Manant Maheshwari‚ Felipe Mariategui Torres | Strategy | October 21‚ 2013 Table of Contents ABSTRACT.............................................................................................................................................. 2 AMERICAN EXPRESS: BRIEF OVERVIEW ........................................................................................... 3 PESTEL ANALYSIS
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The Scales of Justice and Society in Murder on the Orient Express Murder on the Orient Express is more than just a murder mystery. It is a novel that utilizes a great deal of existing social issues of the era in which it was written and formed a commentary on those issues while giving the reader an intriguing yet approachable narrative. Through this approach‚ Agatha Christie has given the reader an opportunity to see the world through the eyes of the seasoned private investigator Hercule
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order to completely analyze Nike and its possible place in the NorthPoint Large-Cap Fund‚ Ford needs to know Nike’s cost of capital. One of the most useful ways to measure the cost of capital is the weighted average cost of capital (WACC). Theoretically‚ the optimal capital structure in the mix of types of financing that produces the lowest WACC. WACC is calculated by multiplying the cost of each type of financing a company uses‚ be it debt or the many types of equity‚ by their respective weights. It
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Notes FIA – MA1 Management Information theexpgroup.com ExPress Notes FIA MA1 Management Information Contents About ExPress Notes 1. 2. 3. 4. 5. 6. The nature and purpose of cost and management accounting Source documents and coding Cost classification and measurement Recording costs Providing information The spreadsheet system 3 7 14 17 24 34 42 Page | 2 © 2011 This material is the copyright of the ExP Group. Individuals may reproduce this material if it is for their own
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statements‚ so costs affect net profit of the company. In deciding whether to lease or purchase of the machine it is necessary to learn what each option‚ and the cash flows of the parameters to select will give the highest return of investment-related cash flow. Net present value (NPV) is used to decide whether to buy or lease of machines‚ and represents the cash flow associated with each option’s spreadsheet model to help. Here is the information considered by the management of the machine. Cost of machine:
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EEOC v. Federal Express (2008 U.S. App. LEXIS 1260 [4th Cir.]) Facts: FedEx appealed a case awarding a disabled employee‚ Ronald Lockhart‚ with compensatory and punitive damages. Under the Americans with Disabilities Act (ADA) the employer must be acting with malice for punitive damages to be awarded; in addition‚ there was evidence that questioned if punitive damages were warranted. FedEx claimed that Lockhart’s supervisors failed to accommodate him at work‚ not FedEx‚ and they did engage in a
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"Acctg-320 group project 11-6 Pop’s Incorporated Variable Raw material cost Ingredient % of formula cost per liter of ingredient Carbonated Water 73.00% $0.08 $0.0584 High Fructose Corn Syrup 11.20% 0.49 0.0549 Sugar 6.30% 0.37 0.0233 Carmel Color 3.00% 1.40 0.0420 Phosphoric Acid 2.70% 0.10 0.0027 Caffeine 2.10% 0.12 0.0025 Citric Acid 1.10% 0.15
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WEIGHTED AVERAGE COST OF CAPITAL 1. Calculate the current cost of capital of Secure and Safe on a weighted average basis Capital structure Type Details $50‚000‚000 bonds 5.5% coupon $20‚000‚000 preferred stock Par value $50 per share Dividend $2.75 per share p.a $25‚000‚000 book value of common stock Cost of capital is 12% Firm’s marginal tax rate is 30%. Cost of debt (issuance of bonds) According to the book Finance for Managers (2015)‚ we get the real cost of debt by taking out the tax liability
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company uses a process cost accounting system. Its Assembly Department’s beginning inventory consisted of 50‚000 units‚ 3/4 complete with respect to direct labor and overhead. The department started and finished 127‚500 units this period. The ending inventory consists of 40‚000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24‚000 and overhead costs of $32‚000 for the
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