Critically evaluate the usefulness of variance analysis where variances occur due to changes which are beyond the control of the organisation.

Pharma-flex manufactures medical testing kits for sale to healthcare providers. The company has established the following standard mix for producing one batch of a chemical compound required in one of its kits. Chemical Grams Standard cost per gram BD2 84 £3.60 AX4 51 £2.40 YF1 22 £8.10 The compound has a short shelf life and […]

Briefly explain why there are differences in the two closing inventory values for the two methods and why LIFO is not allowed under IFRS.

Below are the company’s sales and purchases transactions for the year 2020. January 1, 2020Opening inventory£0February 5, 2020 Purchases 16,000 units at £3 per unit April 8, 2020Purchases 8,000 units at £4 per unit May 11, 2020Sold 20,000 units at £8 per unit July 15, 2020Purchases 16,000 units at £5 per unit August 20, 2020Sold […]

What new ideas, solutions, programs are being proposed on democracy and human rights programs in a POST-COVID china across the new challenges and opportunities highlighted in section 2?

The goal of the document is to create a review of expert thinking on the Pre-COVID situation, Post-COVID situation, and the best ideas on improving human rights and democracy now. Sections: 1. Pre-covid assessment of human rights and democracy situation in China (inventory/provide a background on the most pressing human rights and democracy China was […]

What is your start up revenue and at the end of the first year, will you break even, have a profit or a loss?Do you have investors? Are you applying for grants?

Think about your business in terms of start up costs. Do you have capital? Where is it coming from? Do you have investors? Are you applying for grants? Put together a financial budget for your start up. Keep in mind the following: Licenses Business forms Permits Rent Salaries Utilities Marketing Supplies Equipment Fees Insurance Inventory […]

Calculate the cost of sales and the breakdown of profit for the year between parent company equity holder and non-controlling interest, as per the consolidated income statement for Pandar Group ended 30th September 2019. Please justify your calculations

On 1st April 2019 Pandar purchased 80% of the equity shares in Salva. The acquisition was through a share exchange of three shares in Pandar for every five shares in Salva. The market prices of Pandar’s and Salva’s shares at 1st April 2019 were £6 and £3.20 respectively. The summarized income statements for the two […]

Describe on how to audit such risk in a hotel of your choice?

Module: Corporate issue and auditing in the financial world Question 1: (about 500 words)Reputation Risk in a hotel is very important, especially from a going concern point of view; and an international brand involvement. In similarity to inventory or receivables, reputation is of out most importance. In this regard you are invited to: (a) Describe […]

Explain how robots have taken inventory management to new levels of efficiency.

View and analyze the Ted talk: mick mountz what happens inside those massive warehouses Explain how robots have taken inventory management to new levels of efficiency. What surprised you about the inventory process described by the TED presenter? Explain and support your response.

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