Discuss several weaknesses in internal control
Discuss several weaknesses in internal control over information and data flows and the procedures for processing shipping notices and customer invoices, and recommend improvement in these controls and processing procedures.
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A June sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. total June sales are anticipated to be?
The sales mix percentages for Robert's Boston and Seattle Divisions are 70% and 30%. The contribution margin ratios are: Boston (40%) and Seattle (30%). Fixed costs are $888,000. What is Robert's break-even point in dollars?
Sobreno's company desires a December 31 ending inventory of 2840 units. Budgeted sales for December ared 4000 units. The november 30 inventory was 1800 units. budgeted purchases are?
Arnie's Landscaping Company is preparing its budget for the first quarter of 2012. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule.
XYZ produces a water filter that attaches to the faucet and cleans all water that passes through the faucet. Revenue and cost information for the water filter appears.
Expenses are paid in the month incurred. If the company has budgeted to sell 6,000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October?
Davenport Corporation reported net sales of $800,000; cost of goods sold of $520,000; operating expenses of $210,000; and net income of $70,000. Calculate each of the values.what is the profit margin ratio? and What is the gross profit rate?
XYZ is considering buying new production equipment. The new equipment will increase fixed costs by $80,000 per year and will decrease the variable cost of the water filter by $4 per unit.
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