Entries by Mary

Accounting Questions

Accounting Questions. #41 Presented below is information for Zales Company for the month of January 2017. Cost of goods sold $280,000   Rent expense $35,000 Freight-out 7,000   Sales discounts 8,000 Insurance expense 12,000   Sales returns and allowances 13,000 Salaries and wages expense 42,000   Sales revenue 421,000 Instructions (a) Prepare a multiple-step income […]

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

November 27, 2019 by

Testing Methods

Testing Methods. According to your textbook, to minimize the risk of material misstatement, auditors seek third- party verification of account balances by mailing customers their statements. Discuss the advantages of positive and negative confirmations, and ascertain whether or not email and oral confirmations are acceptable to increase customer response rates. Support your position. Discuss the […]

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

November 27, 2019 by

Audit Wrap-Up

Audit Wrap-Up. Create a scenario that demonstrates specific ways in which management could manipulate transactions impacting inventory values that the auditing team might not detect. Recommend key strategies that the auditor could implement in anticipation of such manipulation. Justify your response. Discuss the difference between a subsequent event and a subsequent discovery of facts. Next, […]

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

November 27, 2019 by

Managerial Accounting

Managerial Accounting. This week has focused on using several cost analysis tools to determine how well products contribute to a company’s profitability. However, all of these tools are internally used and not required to be published outside of an organization. Instead, external stakeholders rely on the three key financial statements reviewed in Unit 1: Income […]

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

November 27, 2019 by