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Explain the difference between LIFO and FIFO and document the method used for each of the three companies.
Prepare the journal entries to account for the lease transaction in the books of the lessor. City Vans Ltd at 1 July 2019 and 30 June 2020.
Why should demonstrate solid academic writing skills. Include proper citations in your discussion post. Points will be deducted if proper citations are not used
Explore the textbook chapter(s) and related PowerPoint(s) for this Topic. What are the most challenging concepts for you to understand?
What is the definition of accounts receivable? Discuss some major reasons patients are not billed in a timely manner.
Write a half-page memo to your company's chief financial officer outlining your concerns with overhead allocation.
Discuss the equity section of the statement- include in your discussion information about owners' and stockholders' equity and three components of net position.
What is the most powerful and persuasive response to the reasons and rationalizations Sarah needs to address? To whom should the argument be made?
Discuss either the advantages and disadvantages of activity based costing versus alternatives, or describe various costs such as variable and fixed costs.
Create a maximum 700-word informal memo and analyze to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.
Compare and contrast financial and managerial accounting. How managerial accounting helps managers to improve operational and financial performance.
What factors should a company take into consideration in deciding whether to use job order costing or process costing?
Discuss standard costs and indicate how they can be used by management in planning and control.
What are some of the uses that management may make of accounting information about individual responsibility centers of the business?
Determine the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent).
Why do you believe a conflict of interest exists when audit firms earn about as much money from non-audit services as audit services.
Prepare a projected income statement for 2020 assuming sales increase by 9%. Compute the ratios listed with the balance sheet.
Capital assets are important in all businesses because they represent significant investments. How do governments account for leases?
Explain your idea that you would like to adopt. Why it useful for your organisation? Note, your idea can be for an existing company or for a fictitious company.
Discuss audit procedures for the audit of accounts receivable. How does this apply to your chosen organization?
List the types of differences between IFRS and US GAAP. What is the greatest difference between IFRS and U.S. GAAPwhen discussing inventory?
Assume you decide to invest in the franchise. Provide a description and estimates in dollars for monthly sales, variable and fixed expenses.
You are helping your client build a better understanding of three types of transfer taxes. Identify one of the transfer taxes and explain formula for that tax.
Describe 2 types of standard cost variances that are used by management to assess both efficiency and effectiveness of comparing actual price to standard price.
List four current events that are occurring in our present economy. Describe one of these current events that you listed and the effect on the economy.