Financial Accounting : Merchandise Inventory Account

Explain why the merchandise inventory account will usually require adjustment at year-end.

Financial Accounting : Income Measurement

How does income measurement differ between a manufacturing business and a chain of retail stores?

Goods in transit

Explain how you would handle "goods in transit" in determining a company's inventory.

Vectors : Force and Line Equations

(1) A force F of magnitude 6 in the direction i – 2j + 2k acts at the point P = (1,-1, 2). a. Find the vector moment M of F about the origin. b. Find the components of M in the direction of the (positive) x – axis, y –axis and z –axis. c. Find the component of M about an axis in the direction ...continues

Logarithms

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Vectors : Planes, Points, Cross Product and Dot Product

(1) a. Find the (vector) equation of the plane passing through the points (1,2,-2), (-1,1,-9), (2,-2,-12). b. Find the (vector) equation of the plane containing (1,2,-1) and perpendicular to (3,-1,2). (2) Suppose a, b, c are non zero vectors. a. Explain why (a x b) x (a x c) ...continues

Financial Accounting Discussion Question

In your company (present or prior) how did you get reimbursed for company expenses you incurred in the course of your work? Did you have to submit expense reports and wait for a check or did you go to petty cash and get your money back immediately? Please describe the procedure used in either case and do you think there was su ...continues

Financial Accounting Discussion Question

What internal control procedures would you establish regarding incoming merchandise and the related bills from the suppliers?

Financial Accounting Discussion Question

How can you use what you have learned in this course in your daily work? Can you help improve what goes on in your company or could have helped in a prior company?

Financial Accounting Participation Question

What principles of internal control apply to most businesses?