ACC 476/726 – Auditing Discussion Case Questions Fall 2004 General Information The audit discussion cases are real-world examples of problems that auditors face in practice. Each individual case is brief‚ and every member of the class should read the case prior to class and come prepared to participate in class discussion. Instead of the questions in the casebook‚ we will discuss specific issues related to the topic currently being discussed in class. The questions can usually be answered
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DEPARTMENT OF COMMERCE SCHOOL OF MANAGEMENT PONDICHERRY UNIVERSITY ASSIGNMENT ON ADVANCED COST ACCOUNTING ANALYSIS OF DIVISIONAL PERFORMANCE OF ASIAN PAINTS LTD SUBMITTED TO: - SUBMITTED BY: - DR.G.SHANMUGHASUNDARAM A.PURUSHOTHAMAN ASSOCIATE PROFESSOR M.COM (BUSINESS FINANCE) DEPT. OF COMMERCE 2nd YEAR PONDICHERRY UNIVERSITY REG. NUMBER: 11351059 INTRODUCTION DIVISIONAL PERFOMANCE OF COST CENTRE AND PROFIT CENTRE A profit
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rather than descriptive. An appendix attached to this paper will provide detailed information about the calculations made and the reasoning behind them. Analysis of the situation Physical flow of goods ALP warehouses its finished goods inventory in eight master distribution canters (MDCs) located throughout the United States‚ each servicing sales for its entire region. The whole flow of goods can be represented as a flow chart as the one shown in figure below. It can be taken as an assumption
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CHAPTER – I INTRODUCTION 1.1 INTRODUCTION TO THE CONCEPT OF STUDY Trade credit is considered as an essential marketing tool‚ acting as a bridge for the movement of goods through production and distribution stages of customers. A company grants trade credit to protect its sales from the competitors and to attract the potential customers to buy its products at favorable and competitive terms. When the company sells its products or services and does not receive cash for it immediately‚ the company
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Corporation is high-growth Retail Company. The company has experienced significant growth from 1997 to 2001‚ which has caught the attention of the competition. However‚ the numbers are decreasing because return on assets‚ return on equity‚ and asset turnover ratios have declined within the same time frame. Costco Wholesale Corporation has been a major player in the retail industry. It is the largest wholesale club operator in the US. “The company operates about 555 membership warehouse stores
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University of British Columbia Sauder School of Business COMM 399: Logistics and Operations Management Problem Set 1 1. Solution: (a) Inventory build-up diagram: !"#$%&’(#)*$)$+’)‚*(&) %#" %!" $#" $!" #" !" &’(!" &’)#" *’!!" *’$#" *’(!" *’)#" $!’!!" $!’$#" $!’(!" $!’)#" $$’!!" $$’$#" $$’(!" (b) The average number of customers in the system is 12.95. Probably the easiest way to calculate this number is by calculating the area under the graph and then by dividing by
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possesses to cover short-term debts. The liquidity ratios we used in analyzing both Hershey and Tootsie Roll are the current ratio‚ current cash debt coverage ratio‚ accounts receivable turnover ratio‚ average collection period (average age of receivables)‚ inventory turnover‚ and days in inventory (average age of inventory). Current Ratio Results Current ratio is "a measure used to evaluate a company’s liquidity and short-term debt-paying ability; computed as current assets divided by current liabilities"
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Executive Summary The food processing industry is one of the most important sectors in India considering its linkage to agriculture and food consumption in an economy of a billion plus population. The food processing industry is also significant in terms of its socio-economic bearing on the economy. It employs 13 million people directly and about 35 million people indirectly. The worth of the Indian processed foods sector stood at US$ 157 billion in 2012 and is expected to touch USD 255 billion by
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University of Phoenix Material Definitions Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines. Term Definition Resource you used Time value of money Money has a Time Value. This basic idea a dollar received today‚ other things being the same‚ is worth more than a dollar received a year from now underlies many financial decisions faced in Business (TItman‚ Keown‚ & Martin‚ 2014‚ P. 172). TItman‚ S.‚ Keown‚ A.‚ & Martin‚ J. (2014)
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Benchmarking Thor Industries’ Inventory Management - Group 2 Teddy Dwork‚ Alexa Esquivel‚ Noelle Fennessy‚ Alec Madow‚ Marc Milgrim 1. Inventory Share of Total Assets Net Accts Rec. Share of Total Assets Gross Profit Percentage (GP/Sales) SG&A Percentage (SG&A/Sales) 2008 15.3% 14.7% 12.2% 6.7% 2007 16.0% 16.7% 12.7% 6.2% 2. 2008 5.8% 13.2% 20.2 25.3 2007 6.9% 17.6% 22.7 24.7 Return on Sales = EBIT/Revenue Return on Equity = NI/Inv Days Receivable = AR/(sales/365) Days Inventory= (Avg Inv/COGS) x 365
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