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    Harley Davidson case

    The Case of Harley-Davidson - A Strategic Audit I. Current Situation A. Current (2002) Performance and Brief Case Abstract Harley-Davidson, Inc., hereinafter referred to as HD, celebrated their 100th anniversary in 2003. As impressive as this is in and of itself, even more impressive is the continued long and mostly

    Prepare a correct bank reconciliation

    (See attached file for full problem description) --- Gigantic Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result,

    C7-8 Recording Bad Debts

    I am trying to get a jump start on my holiday break for the rest of this course. I have assignments covering this topic in my coursebook. 8. (Recording Bad Debts) At the end of 2004 Juarez Company has accounts receivable of $800,000 and an allowance for doubtful accounts of $40,000. On January 16, 2005, Juarez Company determ

    Bank Reconciliation: Allen Co. Example

    The bank statements for Allen Co. indicates a balance of $8,000.00 on June 30, 2005. After the journals for June had been posted, the cash account had a balance of $3,675.00. Prepare a bank reconciliation on the basis of the following reconciling items: a) Cash sales of $342 had been erroneously recorded in the cash receipts

    Accounts Receivable & Collections

    J&S Snowmobile manufactures and sales snowmobiles throughout the country. J & S has determined that through the establishment of local collection centers around the country, they can speed up the collection of payments by one and one-half days. Furthermore, the cash management department of his bank has indicated to them that

    Cannon Company

    Cannon Company has enjoyed a rapid increase in sales in recent years, following a decision to sell on credit. However, the firm has noticed a recent increase in its collection period. Last year, total sales were $1 million, and $250,000 of these sales were on credit. During the year, the accounts receivable account averaged $

    Computing values and explaining Financial Leverage

    Question #1 Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $288,000. Compute the value of the average collection period. Question #2 What is operating and financial leverage. How are they used?

    Recent corporate scandals: when should auditors be liable to stockholders?

    With the recent prevalence of corporate scandals in the United States, there have been many efforts made towards reform. You have been asked to evaluate and debate the following proposal: Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year. Plea

    Peoples Bank and Internet Distribution

    What role is Peoples.com playing in the distribution of these insurance products: auto, home, and other personal insurance. Visit the Peoples Web site. What is the length of the channel the bank uses to distribute its own checking account products? How would you describe the channel positioning of People's Bank? What i

    On Wal-Mart Stores, Inc.

    I need ideas for a paper on how Wal-Mart became the World's largest Company and a Strategic Audit for the Wal-Mart case.

    Farm Bank: Developing High Performance, alternatives available

    See the attachment for the problem, and answer the following questions: 1. Review your work and the model answer. What accounts for any noticeable differences between the two? 2. What alternatives are available to the Farm Bank? 3. What would you recommend and why?

    Strategic Audit of Handspring Inc. Evaluation and Control section.

    This is Case # 11 out of Wheelen and Hunger's: Strategic Management and Business Policy, 9th Ed. Your group is being asked to complete the following sections of a Strategic Audit: 1. Analysis of Strategic Factors 2. Strategic Alternatives and Recommended Strategy 3. Implementation 4. Evaluation and Control I hav

    Strategic Audit Wal mart

    I desperatly need help! I need to find an article on "Wal-Mart Stores, Inc.: On Becoming the World's Largest Company", With that I need to produce a "Strategic Audit" for the Wal-Mart case. I need 15-20 pages and I only have 5 so far. I know this isnt going to be easy, but I need all the help and data I can get...thanks in

    Recording errors on cash reconciliation

    I am conducting a review inro how to properly record bookkeeping errors. Could you provide some assistance? Thanks. Problem (also attached): Describe how you would record each of the errors, listed below, on a cash reconciliation. 1. The bank recorded a deposit of $200 as $2,000. 2. The company's bookkeeper mistak

    Canceling Cash Discounts Effect on Sales

    When a firm decreases or cancels a cash discount, sales are expected to _______, the investment in accounts receivable is expected to ________, the bad debt expense is expected to __________, and the profit per unit is expected to _______. (a) decrease; increase; increase; increase (b) decrease; decrease; increase; incr

    Bad Debts Expense Adjusting

    Manning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200,000 and credit sales are $1,000,000. Management estimates that 5% of accounts receivable will be uncollectable. What adjusting entry will Manning Company make if the Allowance for Doubtful Accounts h

    Bank reconciliation and depreciation problem

    You are to complete the May 31 bank reconciliation for Laclede Town Center using the following information: A. Outstanding check: C. Deposit in transit..........$2,370 No. 975 ...........$1,360 D. Note collected by bank as No. 991 200 Laclede's agent (no interest)

    Auditor Independence

    Refer to article attached (Ernst and Young) Required: 1. A key issue with the SEC in this case appears to center on "Independence." Identify why auditor independence is deemed to be so important. 2. The auditor-client relationship identified in the article began prior to the Enron scandals. Briefly outline how "independ

    Questions

    Why do some restaurants offer customers a free meal if they are not given a receipt? What is the purpose of a bank reconciliation? When speaking to an account manager and she/he told you they don't have time to reconcile the bank account every month, how would that need to be encouraged to be done?

    Bank statement, chart of accounts

    Why does your bank statement show a credit for an increase in your cash balance? ------ Is the chart of accounts the same for every organization? If not, why not and "should it be?"

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