Dear sir ,
It is not wise to invest in your company on the basis of your unaudited financial statements . Because as a fund provider , I would like to know what is the trend of profits of your company . In case , the profits you have earned are lesser than that of the previous years , then it would make me not to invest in your company . For this purpose, I want a comparative financial statements . Secondly , I am not able to know which accounting policies and procedures you follow to value your assets and what is the impact on the profits also .
Thirdly , there is not any disclosure for the loan agreement made by you . And I also want an assurance that would you provide the rate of return as specified by you in the contracts .
As the financial statement are one year old , it can't be said that the company is earning profits in this year too and also the financial statements are unaudited, there are mere possibilities of fraud or error in the financial statements .
Thus , the financial statements are neither relevent nor representationally faithful.
CA2-9 Concepts for Analysis 71 Barenboim buys shell houses from a manufacturer in unassembled r dows,...
CA2-9 Concepts for Analysis 71 Barenboim buys shell houses from a manufacturer in unassembled of all lumber, roofing, doors, win- new area, Barenboim buys uses are erected at a total cost he display houses is the unas- torn down or altered into new dows, and similar materials necessary to complete a shell house. Upon ons in a land as a site for its local warehouse, field office, and display hous 630,000 to $44,000 including the cost of the unassembled packages....
CA2-9 Concepts for Analysis 71 n of all lumber, roofing, doors, win- or leases land as a site for its local warehouse, field office, and display houses. Sample display houses are erected at a total cost Barenboim buys shell houses from a manufacturer in unassembled package dows, and similar materials necessary of $30,000 to $44,000 including to complete a shell house. Upon commencing operations in a new area, Barenboim the cost of the unassembled packages. The chief element of cost...
Dear Uncle Carlos l feel so appreciate that you suggest Nevile Corp.to me. I received the information of this company and spent long time to read it. However, I think that basing an investment decision on information of financial statements would be unwise because they are neither relevant nor faithful representation. Firstly, according to the financial statements provided by Nevile Corp, they are a year old and so they have lost their ability to make a difference in my decision...
Can you plese help me with my review sorry for posong so many attachments but this is my last answer. Thank you Factors that shape an accounting information system include the a nature of the business. b. size of the firm. c. volume of data to be handled. d. All of these answer choices are correct. LO Bloom KDificuity Easy Min: 2, AACSB: None, AICPA BB None, AICPA FC Raporting AICPA PC None M Management, IFRS: None W The process...
The limitations of an audit are NOT caused by ________. A. the nature of financial reporting. B. the nature of audit procedures. C. the need for the audit to be conducted within a reasonable period of time at a reasonable cost. D. a guarantee that the financial statements are free from error 2.5 points QUESTION 4 In an unqualified audit report on the financial statements of a public company, ACC562what does the first statement of the opinion paragraph state? A....
Can somebody help me with my accounting project, here are the instructions: Financial Analysis Project Project Requirements and Instructions Sheet Objective In accordance with the Knowledge, Skills and Abilities objectives of the course, you are required to evaluate the financial performance of a publicly traded US Corporation and write a 10 page (excluding appendix and other supporting documents) report on your findings. This event will help participants develop the ability to understand, analyze, and make decisions based on financial information—these...
9. An analysis of company performance using DuPont analysis A sheaf of papers in her hand, your friend and colleague, Chloe, steps into your office and asked the following. CHLOE: Do you have 10 or 15 minutes that you can spare? YOU: Sure, I've got a meeting in an hour, but I don't want to start something new and then be interrupted by the meeting, so how can I help? CHLOE: I've been reviewing the company's financial statements and looking...
Carver Company produces a product which sells for $30. Variable manufacturing costs are $15 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. The contribution margin per unit is: A. $3 B. $15 C. $8 D. $12 Companies that have high contribution margin per dollar of sales have which of the following characteristics compared to companies with low contribution margin per dollar of...
Continued on from case study 8. According to the Investor Presentation, what is one strategy that Michael Hill has planned for its cash flow? 1. Michael Hill International Limited (hereafter known as “Michael Hill”) ordinary shares are listed on the Australian Securities Exchange (ASX). Michael Hill owns and operates approximately 300 retail jewellery stores across Australia, New Zealand and Canada. According to the ASX announcement made by Michael Hill on Date: 27/08/18 and Headline: Investor Presentation, part of Michael Hill’s...
9. An analysis of company performance using DuPont analysis Aa Aa Walking down the hall of your office building with a sheaf of papers in his hand, your friend and colleague, Jason, stepped into your office and asked the following Jason Do you have 10 or 15 minutes that you can spare? You Sure, I've got a meeting in an hour, but I don't want to start something new and then be interrupted by the meeting, so how can I...