You are the information systems auditor for PQR Preschools Pty Ltd. Over the course of the last internal audit, you have become suspicious that somebody in the Payroll department has been modifying electronic payroll data. You are to write a one-page memo to the payroll manager, Mr. Greg Grunter, informing him of you intention t
As SAC's corporate business financial analyst, you will need to have a clear understanding of the different types of costs (variable, fixed, and mixed) that the company carries. Review SAC's journal activity. Identify and define the variable, fixed, and mixed costs. Next, determine what affect a sales volume increase or decrease
Acme Company has to evaluate two products (A&B). The following data pertains to these products. Product A Product B Selling price per unit $60 $80 Variable cost per unit $40 $50 Total fixed costs 20000 30000 Find the quantities to be sold from each product to make you indifferent to choose Product A or Product B Ca
Please help with the follow business question: How would you factor in the sale or purchase values during a poor economy such as we see now? Does this provide opportunities for one of the parties?
12. Nelson Company had equity accounts in 2000 as follows: Common Stock ($1 Par Value) $120,000 Retained Earnings 32,000 Total Share holder's Equity $152,000 Projected income is $150,000 and the dividend per share to be paid immedi
5.) The following information is available for the Avisa Company for the month of November: (a.) On November 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,202. (b.) The company's bank statement shows a balance on November 30 of $29,279. (c.) Outstanding che
Construct a Pareto analysis of the data and determine the percentage of total complaints represented by the two most common categories. Over a 6 mo. period: Stock Condition: 170 Checkout Queue: 33 Product request: 105 Product Quality: 87 Price Marking: 45 Policy/Procedures: 40 Service Level: 55 General: 58 Checker
Sales budget for the first month of operations shows $468,311 of total sales for the month. The expected cash collections are as follows: 20% of its merchandise is sold to cash customers 80% will be sold on account Of the 80% sold on account, 33% is expected to be collected during rhe month of sale and the remaining 67% wi
Please respond in Microsoft Word, ".doc". "I know headquarters wants us to add that new product line," said Pete Johnson, manager of Sunset Products' East Division. "But I want to see the numbers before I make a move. Our division's return on investment (ROI0 has led the company for three years, and don't want any letdown."
What is the sampling unit for account payable if the auditor is verifying the cutoff assertion?
What three pieces of advice can you give me to make sure I don't do dumb things in investing for retirement?
1. Which method of analyzing mixed cost can be used to estimate an equation for the mixed cost? 2. The high-low method is used with which types of costs. 3. Eddy Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. P
1. If a unit of inventory has declined in value below original cost, but the market value exceeds net realizable value, the amount to be used for purposes of inventory valuation is A) net realizable value. B) original cost. C) market value. D) net realizable value less a normal profit margin. 2. Which of the following b
In considering the following situation, what would you consider as 3 viable courses of action that could possibly achieve the desired outcome stated below? Problem: Federal agencies have not achieved the level of involvement of employees in telework as required by law. Effect of the Problem: The hesitancy to embrace tele
Tiger Corporation purchases 1,200,000 units per year of one component. The fixed cost per order is $25. The annual carrying cost of the item is 27% of its $2 cost. a) Determine the EOQ under each of the following conditions: (1) no changes (2) order cost of zero, and (3) carrying cost of zero.
The Camp Gear Factory produces two products - canopies and tents. It has two separate departments - cutting and sewing. The budget for the cutting department is $350,000 and $400,000 for the sewing department. Each canopy will require 2 hours of cutting and 1 hour of sewing. Each tent will require 1 hour of cutting and 6 hour
1. What type of inflation accounting do you favor under high inflationary periods? (1 Paragraph) 2. Do you think tax allocation can improve the prediction of future tax payments in the short run? (1 Paragraph) 3. What are the economic consequences of SFAS No.87? (1 to 2 Paragraphs)
Reese Construction Corporation contracted to construct a building for $1,500,000. Construction began in 2007 and was completed in 2008. Data relating to the contract are summarized below: Year Ended Dec. 31
On February 1, 2007, Nance Contractors agreed to construct a building at a contract price of $6,000,000. Nance estimated total construction costs would be $4,000,000 and the project would be finished in 2009. Information relating to the costs and billings for this contract is as follows: Total costs incurred to date $1,500,
* Attached picture is a scan of the full problem. I am looking for direction as to how to complete this problem. I am not very good with managerial accounting. Starlight Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate $18.00 per direct-labor hour Standard quantit
Fill In The Missing Amounts In The Following Schedules: July August September 1. Sales 240,000 180,000 ? Cash Receipts From cash sales ? 102,000 ? Total cash receipts ?
Will you please answer the following 2 questions step by step from the attachment? The questions are as follows: 1.) Compute the predicted 2007 operating income for Procter & Gamble and its percentage increase. 2.) Explain why the percentage increase in income differs from the percentage increase in sales. The complete prob
Select the correct/best answer. C 7 - Internal Control & Cash 1. Which one of the following is NOT a main purpose of internal control? a. Safeguard a company's assets from employee theft and unauthorized use. b. Enhance the accuracy and reliability of a company's accounting records. c. Prevent insider trading
Chan Manufacturing Company data for 20X7 follow: Sales: 12,000 units at $17 each Actual production 15,000 units Expected volume of production 18,000 units Manufacturing costs incurred Variable $120,000 Fixed 63,000 Nonmanufacturing costs incurred Variable $ 24,000 Fixed 18,000 1. Determine operating income for 20X7
See the attached file. 1. On January 2, 2008, Sahara, Inc. purchased a silkscreen machine for its new clothing line. Sahara incurred the following costs related to the machine: Purchase price .............................................................. $120,000 Freight charges for delivery from manufacturer to Sahara
What is the purpose of sampling? What are some of the concerns and dangers of sampling? How important is the sample design to the validity of your data? Explain. Provide an example where a sample could misrepresent the validity of the data.
Simon is the long-time catering director of Naples-on-the-Beach, a hotel noted throughout the industry for quality,
Simon is the long-time catering director of Naples-on-the-Beach, a hotel noted throughout the industry for quality, profitability, and cost control. The hotel recently catered a steak dinner for a 2,000-person convention. Strict standards were in place for the dinner: 0.75 pounds of beef per plate at $9 per pound. A review of
Consider a Treasury Bill with a rate of return of 5% and the following portfolios, which have been created by 2 stocks, S1 and S2: Portfolio A: The weight for S1 and S2 = 0.2 and 0.8; Expected return = 0.15; Standard Dev.= 0.24 Portfolio B: The weight for S1 and S2 = 0.4 and 0.6; Expected return = 0.18; Standard Dev.= 0.3
From the data below, calculate operating income for the year ended December 31, 2008 R & D = $86,000 Loss from discontinued operations = 34,000 Provision from income taxes = 68,000 Net sales = 1,022,000 Interest expense = 72,000 Net cash
Calculate the annual cash dividends to be paid for each of these preferred stock issuances: 1) $2.40 cumulative preferred, no par value; 600,000 shares authorized, 470,000 shares issued, 28,000 shares held as treasury stock. 2) 10%, $50 par value preferred; 200,000 shares authorized, 124,000 shares issued and outstanding. 3