Lasky Technologies
(Orchard Park, MA)
Sales
27,375,000
CGS
24,637,500
WACC*
9%
Claims
Assets
Cash
1,500,000
Accounts...
Lasky Technologies
(Orchard Park, MA)
Sales
27,375,000
CGS
24,637,500
WACC*
9%
Claims
Assets
Cash
1,500,000
Accounts Payable
1,350,000
Receivables
2,700,000
Notes Payable
6,000,000
Inventory
4,050,000
Current Liabilities
7,350,000
Current Assets
8,250,000
Long Term Liabilities
24,075,000
Net Fixed Assets
45,000,000
All Equity Accounts
21,825,000
Total Assets
53,250,000
Total Claims
53,250,000
*Funds needed or released change the Notes Payable amount which
is a revolving credit bank loan @9%
Question 1 (0.01 points)
Calculate the sales per day. This is a non-graded question...
Below are audit procedures for the sales and collection, and
acquisition and payments cycles. In each...
Below are audit procedures for the sales and collection, and
acquisition and payments cycles. In each case, indicate the
type of audit procedure (e.g. test of control,
analytical procedure, substantive test of transactions, or test of
details of balances), the transaction-related or balance-related
audit objective and type of
evidence (e.g. documentation, observation
etc.).
1. Trace recorded sales transactions to shipping documents to
determine whether a document exists.
2. Obtain a prelisting of cash receipts and trace amounts to the
cash...
11B-3 Keystone Computers & Networks, Inc. (KCN), has 933
accounts receivable, with a total book value...
11B-3 Keystone Computers & Networks, Inc. (KCN), has 933
accounts receivable, with a total book value of $10,235,457. From
that population, Adams, Barnes & Co. (ABC), CPAs, selected a
sample of 260 accounts (142 unique accounts) for confirmation for
the year ended December 31, 20X5, as illustrated by the working
paper on page 503. First and second confirmation requests resulted
in replies for all but 10 of those accounts. ABC performed
alternative procedures on those 10 accounts and noted no...
Johnson Company— Internal Controls
Johnson Company Inc. (Johnson Company or the “Company”) is a
U.S. public...
Johnson Company— Internal Controls
Johnson Company Inc. (Johnson Company or the “Company”) is a
U.S. public company that files quarterly and annual reports with
the Securities and Exchange Commission (SEC). JOHNSON COMPANY is a
leading retail chain operating more than 500 department stores
across the continental United States. JOHNSON COMPANY department
stores offer customers a variety of nationally advertised products,
including cookware, shoes, jewelry, perfume, and other accessories.
The Company’s supply chain of products is managed through a single
warehouse...
Codger
Corp. —
Internal
Controls
Codger Corp. (CC or the “Company”) is a U.S. public company...
Codger
Corp. —
Internal
Controls
Codger Corp. (CC or the “Company”) is a U.S. public company that
files quarterly andannual reports with the Securities and Exchange
Commission (SEC). CC is a leading retail chain operating more than
100 department stores across the continental United States. CC
department stores offer customers a variety of nationally
advertised products, including clothing, shoes, jewelry, and other
accessories. The Company’s supply chain ofproducts is managed
through a single warehouse and distribution facility located in
Kansas...
Please read the article and answear about
questions.
Determining the Value of the Business
After you...
Please read the article and answear about
questions.
Determining the Value of the Business
After you have completed a thorough and exacting investigation,
you need to analyze all the infor- mation you have gathered. This
is the time to consult with your business, financial, and legal
advis- ers to arrive at an estimate of the value of the business.
Outside advisers are impartial and are more likely to see the bad
things about the business than are you. You should...