456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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value of the cash to be received in the future‚ failure to follow this practice usually does not make the balance sheet misleading because a. Most short-term receivables are not interest bearing b. The allowance for uncollectible accounts includes a discount element c. The amount of the discount is not material d. Most receivables can be sold to a bank or factor Answer c 4. An account that would be classified as a current liability is a. Dividends payable in stock b. Accounts payable - debit
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Someone once said that the willingness of America’s veterans to sacrifice for our country has earned them our lasting gratitude. It is nice to know that serving in the military comes with many benefits that service members can use in their everyday lives However‚ there is what many people consider drawbacks‚ as many people feel that the restrictions and limitations to these benefits make them almost impossible to enjoy. Despite its drawbacks‚ serving in the military comes with great benefits‚ including
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MBA Semester 2 MB0046 –Marketing Management Q1. Explain the stages in the new product development process. Ans: The stages in the new product development process are as follows: 1. Concept generation and market structure identification Idea generation The first stage of new product’s evolution begins with an idea for the product. Hence this stage is also termed as ‘idea generation’. Ideas may originate from the following sources: Sales personnelMarketing
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3.2 BOGOF: In spite of the success of BOGOF promotions it has been heavily criticized in UK. Politicians are concerned about this form of promotion as they have the impression that this can lead to wastage‚ particularly in perishable food. Tesco‚ as a counter strategy presented different variation of the BOGOF to reduce the fear of wastage‚ this new version is called BOGOL (“buy on get one later”).Consumers can only pick up the second one after he might have finished using the first one. The Irish
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closing process Benefit of taking a purchase discount Sales returns and allowances Special journals Ethics‚ fraud‚ and corporate governance Topic You as a student Effects of basic merchandising transactions Understanding inventory cost flows Perpetual inventory systems Evaluating performance Taking a physical inventory Periodic inventory systems Relationships within periodic inventory systems Selecting an inventory system Cash discounts Evaluating performance Comparison of inventory
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2011. Receivables‚ less allowance for losses and discounts of $12‚196 $ 266‚700 Net Sales $2‚360‚108 Cost of Goods Sold $1‚580‚360 1. The days’ sales in receivables is a. 53.1 b. 48.2 c. 43.1 d. 38.1 e. none of the answers are correct Ambience Company presents the following data for 2011. Receivables‚ end of year‚ less allowances for losses and discounts of $115‚960 $ 2‚370‚100 Receivables‚ beginning of year‚ less allowance for losses and discounts of $102‚330 $ 2‚443
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sales promotion kinds or examples to show how the sales promotion works. Coupons It’s a ticket or a paper that the company provides for the customers to go to the market with that kind of ticket and by the company’s product with a lower price‚ discount price when the customers are
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TABLE OF CONTENTS I. Executive summary 1 II. Introduction 2 III. Company profile 2 IV. Situation analysis 3 4.1 Situational Environments 3 4.1.1 Demographic Situation 3 4.1.2 Economic and Business Conditions 3 4.1.3 Social and Cultural Factors 4 4.1.4 Legal/Political Situation 5 4.1.5 Demand and Demand Trend 5 4.2 Competitor Environment 6 4.2.1 General Assessment 6 4.2.2 Competitors’ Strengths and Weaknesses 6 4.2.3 Comparison of Jordan Toothbrush with Competitors’ Products 7 V. Strengths
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| Table of Contents Introduction 1 Market segmentation 1 Turkish airlines market segmentation 2 Marketing mix strategies 2 Turkish airlines marketing mix strategies 3 Price 4 Sample Fare Deals for Turkish Flights 5 Place 5 Turkish airlines distribution strategies 6 Promotion 6 Turkish airlines promotioanl strategies 7 Recommendation 8 References ………………………………………………………………………………………………………………………………………9 Introduction In general terms‚ marketing is all related to the places of buying and
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