DeVry University Senior Project SPRB 10 Professor Nicholas Jwayad May 30‚ 2010 Individual Analysis Report for WEEK 5 Presented By: Arlene Lewinson Team A: AVTAM Consulting Team Week 5 Individual Analysis of CanGo Performance appraisals is a tool used by CanGo employees and managers where they can communicate by sharing ideas‚ opinions and information; however‚ the managers are usually put in the position of being the judge of the employee. (www.toolpack.com) As I reviewed this week
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improve some of the internal controls over its revenue cycle procedures. Existence or Occurrence From Bradmark’s data files on sales invoices‚ cash receipts and list of customers‚ the ACL software was used to compute and determine the Accounts Receivable balances of customers in the books. January 20‚ 2005 United City 920 4 th Street Bridgewater‚ New Jersey 8807 Dear Sir/Madam‚ In connection with an examination of our financial statements by Ross & Specter Co.‚ Certified Public Accountants
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invoicing J. Bird for $1700 for computing services supplied to her on credit is: Select one: a. an increase in the asset accounts receivable and an increase in profit or loss by $1700 to record the income earned. b. a decrease in the asset cash and an increase in the asset accounts receivable of $1700 to record the amount paid. c. a decrease in the asset accounts receivable and an increase in profit or loss by $1700 to record the income earned. d. an increase in the asset cash and an increase in profit
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their job performance; this will allow you to clearly see where there has been improvement and what areas in their training are still behind. TBC Consulting has identified that CanGo would benefit from an improvement to their employee performance assessment. An improved method for performing these assessments will help CanGo communicate more effectively with its staff and further encourage growth for the employee and the company. Recommendation TBC Consulting recommends implementing a 360
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their order on-line‚ and when they press the "submit" button‚ it signals the order fulfillment software to swing into action. Coding of book numbers indicates where the books come from. Bestsellers are shipped directly from CanGo ’s warehouse. Bestsellers are stored at CanGo so that they can be shipped quickly. Often‚ they can be shipped the same day they are ordered. Books from wholesalers should take about two days until they are received‚ repackaged‚ and shipped to customers‚ while books from
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CHAPTER 6 Objectives Identify different types of long-term operational assets. Determine the cost of long-term operational assets. Explain how different depreciation methods affect financial statements. Determine how gains and losses on disposals of long-term operational assets affect financial statements. Explain how expense recognition for natural resources (depletion) affects financial statements. Explain how expense recognition for intangible assets (amortization) affects
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future. True False 2. At the time of a credit sale‚ a company would record an increase in assets and an increase in revenues. True False 3. A sale on account is recorded as a debit to revenue and a credit to accounts receivable. True False 4. Accounts receivable represent the amount of cash owed to the company by its customers from the sale of products or services on account. True False 5. Trade discounts represent a discount offered to the purchasers for quick payment. True False
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IMPLEMENTATION of CanGo ASRS Implementation is the carrying out‚ execution‚ or practice of a plan‚ a method‚ or any design for doing something. As such‚ implementation is the action that must follow any preliminary thinking in order for something to actually happen. In an information technology context‚ implementation encompasses all the processes involved in getting new software or hardware operating properly in its environment‚ including installation‚ configuration‚ running‚ testing‚ and making
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2007 for Course Company: Sales 8‚000‚000 ADA‚ January 1‚ 2007 100‚000 A/R 2‚000‚000 Write-offs‚ 2007 1 30‚000 Recoveries 20‚000 Prepare the adjusting entries for each of the following methods: a. 3% of sales‚ b. 8% of A/R‚ c. aging of receivables estimate is 200‚000. Problem 8-29 At the end of the year‚ before making any adjustments‚ the trial balance includes: A/R 500‚000 ADA 20‚000 Sales 5‚000‚000 Sales R&A 30‚000 Sales Discounts 20‚000 Prepare adjusting entries for
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StilSim to the competitor‚ StaffAces‚ are receivables turnover ratio and days in receivables ratio. Receivables Turnover Ratio and Days in Receivables Ratio. The receivable turnover ratio is used to determine how quickly StilSim collects on a sale. The receivable turnover ratio is determined by diving sales by account receivables. StilSim’s receivable turnover ratio in 2016 was 3.0. This means StilSim collected on sales 3 times a year. StaffAces receivable turnover ratio in 2015 8.4 (Franklin University
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