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Prepare-a-1050-word-bank-reconciliation-report-

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Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

Scenario: Daisey Company is a very profitable small business. It has not, however given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and book-keeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations.

The balance per the bank statement on October 31, 2017, was $18,380. Outstanding checks were No. 62 for $140.75, No. 183 for $180, No. 284 for $253.25, No. 862 for $190.71, No. 863 for $226.80, and No. 864 for $165.28. Included with the statement was a credit memorandum of $185 indicating the collection of a note receivable for Daisey Company by the bank on October 25.

This memorandum has not been recorded by Daisey.

The company’s ledger showed one Cash account with a balance of $21,877.72. The balance included undepositied cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,795.51. He then prepared the following bank reconciliation in an effort to conceal his theft of cash:

Cash balance per books, October 31

$21,877.72

Add: Outstanding checks

No. 862

$190.71

No. 863

226.80

No. 864

165.28

482.79

22,360.51

Less: Undeposited receipts

3,795.51

Unadjusted balance per bank, October 31

18,565.00

Less: Bank credit memorandum

185.00

Cash balance per bank statement, October 31

$18,380.00

Prepare a 1,050-word bank reconciliation report (hint: deduct the amount of the theft from the adjusted balance per books) including the following:

  • Indicate the three ways that Bret attempted to conceal the theft and the dollar amount involved in each method.
  • What principles of internal control were violated in this case?

Show all work in the Excel® spreadsheet and submit with the reconciliation report.

 
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Unit-5-Strategic-Management-Questions

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Unit 5 Strategic Management Questions

Discussion

Instructions: Minimum 250 word count excluding references, and minimum of 2 source must be scholarly and in APA FORMAT. The reading material for this unit will be attached as well. This is the book information, Parnell, J.A. (2008). Strategic management: Theory and practice (3rd ed). Cincinnati, OH: Cengage.

  1. What are the top advantages of the “Matrix Structure”? Why has it become more popular over recent years?

Complete

Instructions: Minimum of 1450-word count for the whole section. Must use a minimum of 3 sources. Sources must be scholarly and in APA FORMAT. This is the book information, Parnell, J.A. (2008). Strategic management: Theory and practice (3rd ed). Cincinnati, OH: Cengage.

Business & Functional Strategies

Case Summary

  1. In a narrative format, discuss these firms from a strategic perspective. Information concerning recent changes in the firms is readily available online and should be accessed. Strategic issues should be discussed in “real time.”

Case Analysis

  1. How has Fedex managed to maintain technical superiority (i.e., reliability, service, package tracking, etc.) in its industry? Can Fedex continue to do so in the future? Why or why not?considerable growth over the past two decades? Can this continue? Why or why not?
  2. Give examples of two prominent crises FedEx could face in the future. What steps should the company take to prepare for these crises?

Application

  1. Suppose you are the CEO of a start-up firm in the package delivery industry. You have plenty of capital to work with, but little infrastructure and no management team in place. What strategy would you pursue and why? You like to have before you make your decision? Explain.
 
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Microsoft-Word-Project-Word-Module-1-SAM-Project-2-

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Microsoft Word Project

Instructions are provided in the file below

 
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The-Payment-Time-Case-

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Develop a 700-word report including the following calculations and using the information to determine whether the new billing system has reduced the mean bill payment time:

  • Assuming the standard deviation of the payment times for all payments is 4.2 days, construct a 95% confidence interval estimate to determine whether the new billing system was effective. State the interpretation of 95% confidence interval and state whether or not the billing system was effective.
  • Using the 95% confidence interval, can we be 95% confident that µ ≤ 19.5 days?
  • Using the 99% confidence interval, can we be 99% confident that µ ≤ 19.5 days?
  • If the population mean payment time is 19.5 days, what is the probability of observing a sample mean payment time of 65 invoices less than or equal to 18.1077 days?
 
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