Assignment #3 Accounts Receivable and Credit Sales Part A--Optional Exercises 1. Credit Sales System Flowchart Peach Blossom Cologne Company Credit Sales system Flowchart December 31‚ 2009 2. Analysis of Internal Control Strengths CSF‑1 Peach Blossom Cologne Company Credit Sales System Internal Control Strengths Strength Segregation of Functions 1. Segregation among sales‚ stores‚ shipping‚ and accounts receivable. Authorization 2. Credit sales are approved before shipment
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October 8‚ 2009 To: Audit Team Anderson‚ Olds‚ and Watershed Re: Analytical Procedures Audit Risks: After analyzing the financial statements of Peach Blossom Cologne Company‚ we have concluded through the change analysis the following accounts contain some measure of audit risk. In analyzing the change analysis we concluded on threshold amounts of any change exceeding 15% and above the amount of $5000. If both criteria were met‚ a business reason and possible client error reason were provided
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TB - BS Peach Blossom Cologne Company Working Trial Balance - Balance Sheet 12/31/2009 Working Paper Reference Per Audit 12-31-08 Per Books 12-31-09 Per Audit 12-31-09 Adjustments Credit Debit Assets: 101 Cash-Big City National Bank 105 Accounts receivable 106 Allowance for bad debts 339‚415 124‚021 (10‚485) 420‚678 235‚380 B-1 (4‚800) B-1 109 Inventory 777‚152 600‚580 110 Investments - Trading Securities - - 111 Dividends Receivable 112 Interest Receivable 201 Investments - Held
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Comparative Essay of Asian Literature Prompt: Compare and contrast the types of love and romance as portrayed in The Peach Blossom Fan and Life of a Sensuous Woman. How do the lovers meet? What keeps them apart? How do the stories end? What do such differences say about the cultures that produced these works? In The Peach Blossom Fan‚ the two lovers‚ Hou and Li go through a difficult journey. In the beginning‚ Hou meets this beautiful prostitute named Li and they are eventually married. As
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Cologne Making Santiago‚ Camille C. Prof. Medarlo De Jesus ABSTRACT Background: Perfume is generally composed of essential oil‚ ethanol‚ and water. Based on the amount of essential oil present‚ fragrances can be classified in different types. Objective: The objective of the experiment is to prepare cologne‚ to determine role of each material use in the product‚ to determine the effect of varying the amount of alcohol‚ and essential oil used in the cologne and to determine the effect of temperature
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JIACS10-05-05 PEACH BLOSSOM EXPRESS: A RECENT COLLEGE GRADUATE LEARNS ABOUT "MAGIC MONEY" Martine Duchatelet‚ Barry University Mike Broihahn‚ Barry University Charles Rarick‚ Barry University CASE DESCRIPTION The primary subject matter of this case concerns business ethics. Secondary issues examined include diversity and small business management. The case has a difficulty level of three indicating appropriate for junior level students. The case is designed to be taught in one class hour
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hazard | | | | | D. conflict of interest | | Answer Key: B Question 2 of 15 | 1.0 Points | Banks’ attempts to solve adverse selection and moral hazard problems help explain loan management principles such as | | | | A. screening and monitoring of loan applicants. | | | | | B. collateral and compensating balances. | | | | | C. credit rationing. | | | | | D. only A and B of the above. | | Answer Key: D Question 3 of 15 | 1.0 Points | Banks attempt
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International Classification of Diseases Tenth Revision Procedure Coding System (ICD-10-PCS) An Applied Approach 2013 Update for use with 2012 Edition Revisions and Exercise Answer Key Lynn M. Kuehn‚ MS‚ RHIA‚ CCS-P‚ FAHIMA Therese M. Jorwic‚ MPH‚ RHIA‚ CCS‚ CCS-P‚ FAHIMA ICD-10-PCS Flashcards The first step in mastering ICD-10-PCS is to become familiar with the terminology‚ structure and format of this new code set. In addition to the Flash Card software program found on the
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10/1/2012 CORPORATE FINANCE FIN 3313.01 Fall 2012 1st MID-TERM SINAN YILDIRIM NAME (Each Multiple choice question is worth 4 points) 1. The goal of financial management is to increase the: a. future value of the firm ’s total equity. b. book value of equity. c. dividends paid per share. d. current market value per share. e. number of shares outstanding‚ thereby increasing the market value of equity. 2. A corporation: A. is ultimately controlled by its board of
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making new configuration of the value chain possible Reduce the costs of activity Reduce manpower cost Reduce time required Increase the efficiency of the activity Increase output per unit time Improve the quality of work 16. Considering the case in which the design of a product in changed in order to reduce manufacturing costs. Suppose that inadvertently the new product design results in increased service costs; the cost reduction could be less than anticipated and even worse‚ there could
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