What kind of international pricing strategy would be used for CVS Health when it enters Turkey? Why?

"The Cost of Complexity"

• Use the Internet and/or Strayer Library to research financial statements of a manufacturing company. Analyze the cost components of the primary manufacturing process and examine the significance of cost behavior analysis to the company. Evaluate the value of using cost behavior analysis to management.
• Examine the elements of the cost-volume-profit (CVP) income statement and provide your opinion on the benefits of its use for decision making by the management of the company researched over traditional income statements under generally accepted accounting principles (GAAP).

Briefly describe (not just list) two filings that a public company is required to file with the SEC.

Assume that the audit for National Australia Bank Limited (NAB), a financial institution, will be coming up for tender. You and your colleagues are required to prepare a client evaluation report based on your research for the senior members of your auditing firm. Your report should provide preliminary information as to whether the auditing firm should consider tendering for the audit of NAB. You should conduct extensive research and perform an analysis of the annual report of National Australia Bank Limited together with its controlled entities for the year ended 30 June 2018 and any other relevant information (Hint: Company’s website and Business news) that you have obtained.

1.. Identify and explain THREE business risks that could have an impact on the audit of NAB.

2.The recent Royal Commission highlighted a number of internal control deficiencies and fraud perpetuated on NAB clients for an extended period of time. These findings have serious ramifications for NAB. How will these findings affect your tendering decision?

July 1              The company decided that 1,500,000 ordinary shares were to be offered to the public at an issue price of $3, payable as follows:

$1.50 on application (due 1 August)

$0.50 on allotment (due 30 August)

$1 on future calls

August 1        Applications had been received for 1,750,000 shares of which applicants for 300,000 shares forwarded the full $3 per share, the remainder paying only the application money.

August 5        At the directors’ meeting it was decided to allot ordinary shares in full to the applicants who paid the full amount and proportionally to all remaining applicants. According to the company’s constitution, all surplus money from application can be transferred to Allotment and Call accounts.

August 30      All outstanding allotment money was received.

November 1   The final call on was made, with payment due by 28 November.

November 28 All money was received on the due date except for the holders of 60,000 shares who failed to meet the call.

Required: Prepare General Journal Entries with narrations and full working out

January 8 A prospectus was issued, inviting applications for 200,000 “B” ordinary shares at an issue price of $2, payable full on application. The purpose of the issue was to fund the redemption of the preference shares.

February 8     The issue closed fully subscribed, with all money due having been received. The 200,000 “B” ordinary shares were allotted on the same day. As previously indicated, the directors resolved to redeem the preference shares (equity) out of the proceeds of the “B” ordinary shares. Cheques were issued to the preference shareholders.

Required:

General journal entries with narrations and working out

HARDA Fashion sells ready-to-wear fashion clothes to teenagers. The company has a 20-store chain concentrated in the north-eastern part of the United States of America. Each store has the experienced full-time staff consist of a manager and an assistant manager. The full-time
staff is paid a fixed salary. The full-time staff is assisted with a cashier and a sales assistant who have comparatively less experience. The cashier and sales assistant are paid hourly wages plus the commission based on the volume of sales. HARDA Fashion uses unsophisticated cash registered with four-parts sales invoice to record each financial transaction. These sales invoices for the sales transaction irrespective of the payment type.
The record-keeping starts with the sales assistant on the sales floor. The sales assistant fills the sales invoices manually by providing the following information:
1. Records his or her employee number.
2. Enters the transaction details including clothes item number, description, quantity,
and the unit price.
3. Totals the sales invoice.
4. Calculates the discounts manually when appropriate.
5. Calculates the sales tax.
6. Finalise the sales invoice after calculating the grand total.
The sales assistant then forwards the sale invoice to the cashier and keeps one copy in the sales book. The cashier reviews this sales invoice and enters in the cash register. The cash register mechanically validates the invoice, automatically assigning a consecutive number to the transaction. The cashier is also responsible for getting credit approval on charge sales and
approving sales paid by cheque. The cashier gives

(1) one copy of the invoice to the customer,
(2) retains the second copy as a store copy, and (3) the third for a bankcard, if a deposit is needed. Returns are handled in exactly the reverse manner, with the cashier issuing a return slip.
At the end of each day, the cashier sequentially orders the sales invoices and takes cash register totals for cash, bankcard, cheque sales, and cash and credit card return. These totals are reconciled by the assistant manager to the cash register tapes, the total of the consecutively numbered sales invoices, and the return slips. The assistant manager prepares a daily
reconciliation report for the store manager’s review.
3 The manager reviews cash, cheque, and credit card sales and then prepares the daily bank deposit (credit card sales invoices are included in the deposit). The manager makes the deposit at the bank and files the validated deposit slip.
The cash register tapes, sales invoices, and return slips are forwarded daily to the central data
processing department at corporate headquarters for processing. The data processing department returns a weekly sales and commission activity report to the manager for review.
Required
Prepare a report to Chief Executive Officer of HARDA Fashion to evaluate its processes, risks, and internal controls for its revenue cycle. In your report, you need to include the following items:
1. Identify six strengths in HARDA’s system for controlling sales transactions.
2. For each strength identified, explain what problem(s) HARDA Fashion has avoided by incorporating the strengths in the system for controlling sales transactions.
3. Identify two situational pressures in a company like HARDA Fashion that would increase the likelihood of fraud.
4. Explain why some companies would choose to install a distributed computer system rather than a centralised one.

The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations:

During the year, The Shirt Shop sold 690 T-shirts for $21 each

--------------------------------------------------------------------------------------------------------------------------------------------

b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions.

Required information

The Foundational 15 [LO12-2, LO12-3, LO12-4, LO12-5, LO12-6]

[The following information applies to the questions displayed below.]

Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 100,000 units of each product. Its average cost per unit for each product at this level of activity are given below:

The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.

1. What is the total amount of traceable fixed manufacturing overhead for each of the two products?

.2. What is the company’s total amount of common fixed expenses?

3. Assume that Cane expects to produce and sell 80,000 Alphas during the current year. One of Cane's sales representatives has found a new customer who is willing to buy 10,000 additional Alphas for a price of $80 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order?

4. Assume that Cane expects to produce and sell 90,000 Betas during the current year. One of Cane’s sales representatives has found a new customer who is willing to buy 5,000 additional Betas for a price of $39 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order?

5. Assume that Cane expects to produce and sell 95,000 Alphas during the current year. One of Cane’s sales representatives has found a new customer who is willing to buy 10,000 additional Alphas for a price of $80 per unit; however pursuing this opportunity will decrease Alpha sales to regular customers by 5,000 units.

a. What is the financial advantage (disadvantage) of accepting the new customer’s order?

b. Based on your calculations above should the special order be accepted?

6. Assume that Cane normally produces and sells 90,000 Betas per year. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

7. Assume that Cane normally produces and sells 40,000 Betas per year. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

These numbers are in Lacs. Copy these numbers into excel and than divide all by 10 to convert them into millions. Afterwards put copy them in your answer, please do not paste image but the numbers directly from excel so I can copy them again. Thanks

The naïve investor hypothesis and the no effects hypothesis are two competing hypotheses to study accounting method changes. What do these two hypotheses say and which hypothesis is accepted by the research?

These numbers are in Lacs. Copy these numbers into excel and than divide all by 10 to convert them into millions. Afterwards put copy them in your answer, please do not paste image but the numbers directly from excel so I can copy them again. Thanks

These numbers are in Lacs. Copy these numbers into excel and than divide all by 10 to convert them into millions. Afterwards put copy them in your answer, please do not paste image but the numbers directly from excel so I can copy them again. Thanks

On October 15, 2017, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2018, 25 million stock options were granted, exercisable for 25 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2021, and December 31, 2023, at 90% of the quoted market price on January 1, 2018, which was $20. The fair value of the 25 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.

Ten percent (2.5 million) of the options were forfeited when an executive resigned in 2019. All other options were exercised on July 12, 2022, when the stock’s price jumped unexpectedly to $24 per share.

Required:
1. When is Ensor’s stock option measurement date?
2. Determine the compensation expense for the stock option plan in 2018. (Ignore taxes.)
3. & 5. Prepare the necessary journal entries.