Accounts receivable

Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 5/25/2012 | Time Spent: | 2 h , 45 secs | Points Received: | 161 / 210 (76.7%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 8 | 7 | Essay | 5 | N/A | | | Grade Details | 1. | Question : | (TCO D) Find the current dividend on a stock, given that the required

Riordan Manufacturing Executive Summary Ryan Schnabel The University of Phoenix CIS 319 Computer & Information Processing Dave Karpinsky March 24, 2005 Executive Summary: As a Fortune 1000 enterprise, and an industry leader in the field of plastic injection molding, Riordan Manufacturing, offers state-of-the art plastics design capabilities through its facilities in San Jose, California; Albany, Georgia; Pontiac, Michigan; and Hang Zhou, China. Currently, Riordan's COO, Hugh McCauley, and

Although cash might only have a small dollar amount on the balance sheet, there are many reasons that an auditor might spend a lot of time auditing the cash account: 1. First, when making journal entries, cash is tied to all the major accounts through everyday transactions. In addition to other asset accounts, liabilities, revenues, and expenses are all impacted by the receipt or expenditure of cash, which in turn impacts the financial statements. So tracking cash could be a big part of verifying

QUESTION 1 WHY HAS WILSON LUMBER BORROWED INCREASING AMOUNTS DESPITE ITS CONSISTENT PROFITABILITY? Although the company seems to be profitable, it has faced shortage of cash. It happened due to increase in Accounts Receivable as well as Inventories. On the other hand, Accounts Payable does not increase that rapidly and difficulties regarding cash collection become evident. Furthermore, the cash collection cycle becomes larger (59 days in year 2003, while more than 70 in year 2006). QUESTION 2

which also locates in Wellington, Florida. Last year, KLX has brought a revenue of $1,567.4 million with a total cost of sales amounted in $1,202.4 million. According to the report, B/E Aerospace believes there are several risks related to its spin-off of KLX including significant liability of KLX’s common stock to the stockholders, restrictive U.S. federal income tax rules to the distribution of KLX’s common stock, responsibility for obligations under Separation and Distribution Agreement, and potential

Net profit | 52.0 | 60.8 | 79.1 | | | | | Balance sheet | | | | Cash | 66.8 | 9.4 | -134.5 | Accounts receivable | 119.5 | 146.4 | 182.8 | Inventory | 523.4 | 656.9 | 821.1 | Other current assets | 22.6 | 20.9 | 26.1 | Current assets | 732.3 | 833.6 | 895.6 | Net fixed assets | 384.3 | 347.9 | 376.9 | Total assets | 1116.6 | 1181.5 | 1272.5 | | | | | Accounts payable | 4.5 | 5.0 | 6.3 | Wages payable | 22.1 | 24.4 | 30.5 | Other payables | 16.6 | 17.9 | 22.4

$193(Points : 35)        | 5. (TCO G) Based on the corporate valuation model, Bernile Inc.'s value of operations is $750 million. Its balance sheet shows $50 million of short-term investments that are unrelated to operations, $100 million of accounts payable, $100 million of notes payable, $200 million of long-term debt, $40 million of common stock (par plus paid-in-capital), and $160 million of retained earnings. What is the best estimate for the firm's value of equity, in millions? a. $429

Corporate Governance 4 Significant Risks 5 Audit Risk 7 Overall Audit Strategy 8 Materiality 9 Fraud Risk Assessment 9 Risk Assessment Procedures 9 Key Risk Factors 10 Factors Decreasing Fraud Risk 10 Assessment of Possible High Risk Accounts 10 Overall Conclusion 11 Analytical Procedures 11 Information System 12 Expenditure Cycle Analysis 13 Going Concern Assessment 14 Top Three Laws & Regulations 15 Laws & Regulations

were made during the year. The general ledger is also helpful in discerning the nature of certain vague account titles such as “building improvements.” When determining how these assets should be depreciated for tax purposes, the general ledger provides adequate detail to determine the appropriate MACRS recovery period. After the client provided trial balance has been reformatted and its accounts have been made more specific, I often have to perform an accrual to cash conversion. This is because the

MEMORANDUM TO: Chief Executives and Management FROM: Erik Rocha DATE: September 1, 2014 SUBJECT: Product Costs and Cost of Goods Manufactured Report for August 2014 Introduction to John Deere John Deere has compromised to produce the best agricultural products in the market since 1837. Some of the agricultural products manufactured at John Deere include harvesters, tractors, trucks, planters, sprayers, seeders, and utility task vehicles. Many of the machines operating at John Deere’s factories