Business, 26.11.2019 22:31, Kjcampbell2
The store purchases used goods for resale from people that bring items to the store. since that can occur anytime that the store is open, all employees are authorized to purchase goods for resale by disbursing cash from the register. the purchase is documented by having the store employee write on a piece of paper a description of the item that was purchased and the amount that was paid. the employee then signs the paper and puts it in the register.
explain the weakness in internal control and identify the internal control principle that is violated.
Answers: 1
Business, 21.06.2019 16:20, ghlin96
Kinkead inc. forecasts that its free cash flow in the coming year, i. e., at t = 1, will be β$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
Answers: 2
Business, 21.06.2019 20:30, aylineorozco836
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
Business, 22.06.2019 16:00, anonymous1813
Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?
Answers: 3
Business, 22.06.2019 20:10, janayflowers042
Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken
Answers: 2
The store purchases used goods for resale from people that bring items to the store. since that can...
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