Questions from Accounting Information Systems

Q: Last year the Diamond Manufacturing Company purchased over $10 million worth

Last year the Diamond Manufacturing Company purchased over $10 million worth of office equipment under its “special ordering” system, with individual orders ranging from $5,000 to $30,000. Special ord...

Q: Alden, Inc. has hired you to review its internal controls

Alden, Inc. has hired you to review its internal controls for the purchase, receipt, storage, and issuance of raw materials. You observed the following: aw materials, which consist mainly of high-...

Q: What internal control procedure(s) would best prevent or detect

What internal control procedure(s) would best prevent or detect the following problems? a. A production order was initiated for a product that was already overstocked in the company’s warehouse. b. A...

Q: You have recently been hired as the controller for a small manufacturing

You have recently been hired as the controller for a small manufacturing firm that makes high-definition televisions. One of your first tasks is to develop a report measuring throughput. Describe the...

Q: The Joseph Brant Manufacturing Company makes athletic footwear. Processing of production

The Joseph Brant Manufacturing Company makes athletic footwear. Processing of production orders is as follows: At the end of each week, the production planning department prepares a master production...

Q: You are performing a financial audit of the general ledger accounts of

You are performing a financial audit of the general ledger accounts of Preston Manufacturing. As transactions are processed, summary journal entries are added to the general ledger file at the end of...

Q: The XYZ Company’s current production processes have a scrap rate of 15

The XYZ Company’s current production processes have a scrap rate of 15% and a return rate of 3%. Scrap costs (wasted materials) are $12 per unit; warranty/repair costs average $60 per unit returned. T...

Q: a. Create the following spreadsheet / b.

a. Create the following spreadsheet b. Create formulas to calculate ï‚· Accumulated depreciation (all assets use the straight line method; all assets acquired any time during the ye...

Q: Task: Use Excel and the Solver add-in to explore

Task: Use Excel and the Solver add-in to explore the effect of various resource constraints on the optimal product mix. a. Read the article “Boost Profits with Excel,” by James A. Weisel in the Decem...

Q: Create the spreadsheet shown in Figure 14-11. Write formulas

Create the spreadsheet shown in Figure 14-11. Write formulas to calculate the total depreciation expense and to display the correct values in the following three columns: Age, Depreciation Rate, and D...