6-22 What are the purposes of the two parts of the report of management? The purpose of the first part of the report of management is for management to state its responsibilities for internal control over financial reporting. The Second part of the report states management’s responsibility for the fair presentation of the financial statements. What is the auditor’s responsibility related to the report of management? The auditor’s responsibility is to express an opinion on the fairness of the
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CASE ANALYSIS REPORT OPERATIONS MANAGEMENT KITCHEN MADE PIES I. PROBLEM STATEMENT • How will the company cope up with the stagnant sales of Kitchen Made Pies? • How will the company reduce the production cost of Kitchen Made Pies and still maintain the quality of its products? • Does purchasing new equipment really necessary for the operation and how will it be financed? Does borrowings in the bank beneficial for the company? • Should Kitchen Made Pies
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Star River Electronics Ltd. Team 14 Constantine Brocoum Courtney Delia Stephanie Doherty David Dubois Radu Oprea December 19th‚ 2009 Contents Objectives 1 Management Summary 1 Financial Health 1 Financial Forecast for 2002 and 2003 3 Key Driver Assumptions 5 Star River WACC 5 Free Cash Flows of the Packaging Machine Investment 7 Appendices 7 i. Objectives This report seeks to answer the following five questions about Star River Electronics Ltd.: 1. Assess the current
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people management recruiting performance management staff development payroll benefits administration financial management general ledger accounts payable accounts receivable reporting and compliance cash management asset management supply-chain management customer service management procurement product development and commercialization manufacturing flow management/support physical distribution outsourcing/partnerships performance measurement warehousing management sales force
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Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because they represent the equivalent of money. c.investments. d.none of these. 24.Which of the following items should not be included in the Cash caption on the balance sheet? a.Coins and currency in the cash register b.Checks from other parties presently in the cash register c.Amounts on deposit in checking account at the bank d.Postage
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2010 and 2012 are both over 2.0‚ which is larger than the miscellaneous manufacturing company (1.64). This means in liquidity Mattel did better than average of manufacturing industry. 2.2 Quick Ratio |Year |Cash+Marketable Securities+Accounts Receivalbe/ Current Liabilities | |2010 |($1‚281‚123+$1‚146‚106)/$1‚350‚282=1.79 | |2011 |($1‚369
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share $1.21 $0.78 $0.46 Common Size Balance Sheets Column7 Year 1988 1988 1987 1987 1986 1986 Current Assets Cash $885 0.75% $514.00 0.79% $63 0.15% Receivables $51‚076 43.23% $27‚801.00 42.61% $14‚402 33.34% Inventories $39‚135 33.13% $19‚577.00 30.01% $9‚762 22.60% Other Assets $3‚015 2.55% $1‚449.00 2.22% $708 1.64% Total Current Assets $94‚111 79.66% $49
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Which of the following is NOT normally regarded as being a barrier to hostile takeovers? (Points : 5) | Abnormally high executive compensation Targeted share repurchases Shareholder rights provisions Restricted voting rights Poison pills | 2. (TCO F) Which of the following statements is correct? (Points : 5) | The MIRR and NPV decision criteria can never conflict. The IRR method can never be subject to the multiple IRR problem‚ while
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Introduction Month-end closing in ABC company is performed to finalize a snap shot of transactional activities for the previous month. It is an important activity that provides the basis for financial and management reporting of the company. It is performed for the last time for a particular month to ensure that all transactions are posted and reflected on reports. The month is officially closed when all of the month end processes are complete (including posting.) The month being closed remains
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you are responsible for developing an audit program for a manufacturing client that sells to over 1‚400 customers. You want to ensure your audit program addresses all relevant assertions for sales and accounts receivable. Address the following question in the context of the audit sales and receivables for this manufacturing client. Required a. What is the purpose of an audit program? The purpose of an audit program is to document decisions about the audit procedures that the auditor believes are
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