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Questions and Answers of
Accounting
You are to prepare a 5-page report on a philosopher/thinker of your choice and show clearly how his/her body of thought applies to, and informs ethical practices and conduct in accounting and
What is one marketing concept involved in the article by Bloom and Dalphe (1993).Provide support for your analysis.
Analysis about unemployment that is related to the 2008 financial crisis. The outline is base on: Did your topic play a role in the cause of the 2008 financial crisis? If so how? If your topic was
The next primer you will prepare for your department's training series will acclimate your colleagues to the inner working of the UCC. Prepare a 2–3-page, double-spaced document explaining to your
1. How do changes in sales or production levels affect net income computed under absorption and variable costing?2. Why and how are overhead costs allocated to products and services?3. How do
You are a practicing CPA at Gibbons, Johnson & Tannun, LLP. You recently received a new medium-sized client, ABI, Inc., a construction company that builds and renovates office buildings. Since
Each scenario below practices one of the 10 principles of economics. Match the principles to the appropriate scenario listed and justify your answer. Each principle will only be usedonce.
Using correct business memo format, prepare a one page persuasive memo to management in favor of a four day work week. Assume you are a department manager at a company of approximately 400 employees.
Look up one or two articles on current trends or fads in management. Then find one or two articles on a management fad from several years ago. Finally, use an internet search engine to locate
Jenkins consulting is a national firm that helps companies improve their performance and effectiveness by advising on all aspect of business management and operations. Companies hires consultants
How are the following organizations and documents related?COSOThe 1992 internal control frameworkThe 2004 ERM – integrated frameworkThe 2013 updated frameworkThe Securities and Exchange
Discuss the advantages of some of the current technologies described in our reading this week including VoIP, Unified Communications, Virtual Private Networks, Wi-Fi and wireless technologies like
More labor resources—What is the evidence for the United States and Japan?Go to the Bureau of Labor Statistics website at www.bls.gov/ and click on: "Subject Areas" tab; then on "INTERNATIONAL"
How the changes in the lending regulatory environment, particularly with the passage of the Dodd-Frank Act, has impacted the bank’s ability to lend money to businesses for capital projects and
Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary" to get the most up-to-date summary of unemployment in the U.S. or
Write a paper on worldviews answer the following1. Does everyone have a worldview? Why? Or why not?2. Why is the concept of worldview important to us?
Discuss the class struggle between the Patricians and the Plebeians and the resulting Struggle of the Orders in early Rome. What rights did the Plebeians gain through this struggle?
Homeschooling - do the facts show it makes a difference?
Define and describe what you think are the top three social problems in the United States at the present time. Explain why these issues are important. Also, explain what conditions led to the
Discuss how the company’s management team can manipulate its earnings results though the adoption of different accounting methods and the obligation of accounting professionals to be transparent to
Assess how the start-up technology business may be impacted by the required compliance with U.S. GAAP accounting methods and make a suggestion for how the business managers should minimize the impact
Assume that the privately held technology company decides to become a publicly traded company on the NASDAQ and is required to adopt International Financial Reporting Standards (IFRS). Determine the
Evaluate the impact to the accounting profession should privately held companies be required to use U.S.GAAP while publicly traded companies are required to IFRS.
Identify a specific gender-oriented communication that has fundamentally changed between when your grandparents were your age and now...and between when your parents were your age and now.a. Explain
This chapter introduced three new methods for calculating project operating cash flow (OCF). Under what circumstances is each method appropriate?
Describe the procedure for setting a bid price and explain the manager's objective in setting this bid price. How it is those two different firms often arrive at different values for the bid price?
Airline travelers often choose which airport to fly from based on flight cost. Cost data (in dollars) for a sample of flights to eight cities from Dayton Ohio and Louisville Ky. Were collected to
In 1954, Brown v. Board of Education desegregated schools in the United States and deemed desegregated schools separate but unequal. Do you think the Supreme Court decision was an appropriate
Considering the albedo of various surfaces, how might temperatures differ between urban and rural areas? Which setting tends to be warmer on a given day and why? Also, are there any factors other
Winner says, “It is clear that in decades to come a great many things like telephone answer machines and automatic bank tellers will become, in effect, members of our society.” More recent
Describe and discuss the five major suggestions for using other people's criticisms of us as a means of personal growth.
One of the families at your center does not believe they have the time, abilities, skills or interests to help their children. They lack confidence in their child-rearing roles. How does your program
Present a list of ideas for creating ways a director might collaborate or partner with the community. Discuss ways they might work with local government, schools, and others to ensure that their
The economic analysis carried out during project identification and selection is rather superficial. Why is this? Consequently, what factors do you think tend to be most important for a potential
How has the microchip contributed to the Knowledge Revolution? What is the relationship between the changes in technology and the socioeconomic changes? What drives this change?
Discuss the three components of imposing criminal sanctions for the utilitarian view of preventing socially undesirable behaviour, i.e. illegal conduct.
A portfolio manager needs to pick winners—assets or securities with high expected returns and low risk.” What is wrong with this statement?
Do you favour anti-gouging laws as a means of protecting consumers from high prices following natural disasters, such as Hurricane Katrina in New Orleans? If so, why? If not, why not?
Suppose your company’s method of making decisions under risk is “making the best out of the worst possible outcome.” What rule would you be forced to follow?
Aligning Human Resources Systems with Business Strategy:It seems to be very common sense to not have HR practices that are competing with one another. Why does this happen and what would be your
Competency 319.1.3 Capital Budgeting Analysis - The graduate correctly applies time value of money techniques and techniques that ignore present value for capital investment decisions.Competency
Selected year-end financial statements of McCord Corporation follow sheet amounts at December 31, 2010, were inventory, $32,400; total assets, $182,400; common stock, $90,000; and retained earnings,
Describe an effort that you organization has undertaken to invest in technology. How was the decision made?Who was involved in the decision making?Has the decision paid off the results that were
1. Company A issued $7,000,000 of a bond on 1-1-x1 for 98 (meaning 98%). The bonds have a 10 year life, stated interest rate of 12%, semiannual interest payments.2. Company B issued $3,000,000 of a
The balance sheet for New Hampshire Sheet Metal Inc., reported the following components of stockholders’ equity on December 31, 2020XX1:Common stock, $10 par value, 200,000 shares authorized
Wayne and Jayne are partners. Their initial capital investments were $150,000 and $190,000, respectively. At the end of the first year of operation, there is a net income of $180,000Required: Give
The following transactions were complete by Clark Management during the current fiscal year ended December 31:July 5. Received 70% of the $21,000 owed by dockins Co. a bankrupt business and wrote off
The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $18,000 in
Harry's Picture manufactures various picture frames. He spends $ 20 on raw material for each frame. Each new employee takes 5 hours to make the first picture frame and 4 hours to make the second. He
Company XYZ faces severe economic challenges Description of Company:• Located in Wausau, WI• Has employed 300 people for nearly 75 years• Manufactures glass and plastic milk containers•
A U.S. company purchases goods from a Japanese company for 10 million yen. The current spot rate is $1 = ¥87. The 60-day forward rate is $1 = ¥96. What is the dollar difference between what the
In 2005, Donna transferred assets (basis of $300,000 and fair market value of $250,000) to Egret Corporation in return for 200 shares of § 1244 stock. Due to § 351, the transfer was nontaxable;
Daisy Corporation is the sole shareholder of Ostrich Corporation, which it hopes to sell within the next three years. The Ostrich stock (basis of $25 million) is currently worth $30 million, but
The stock in Camel Corporation is owned by Albert and Tomoko, who are unrelated. Albert owns 30% and Tomoko owns 70% of the stock in Camel Corporation. All of Camel Corporations assets
An all equity business has 100 million shares outstanding selling for $20 per share. Management believes that interest rates are unreasonably low and decides to execute a dividend recapitalization (a
Equity, Inc. is currently an all-equity financed firm. It has 10,000 shares outstanding that sell for $20 each. The firm has an operating income of $30,000 and pays no taxes. The firm contemplates a
ABC is currently in this situation. (1) EBIT = $4.7 million; (2) tax rate = .40; (3) D=$2 million; (4) rd = .10; (5) rs = .15; (6) shares outstanding = 600,000; and stock price = $30. The debt is
ABC has an all-common-equity capital structure. It has 200,000 shares outstanding at a par of $2. Growth expectations recently have been lowered. Previously, it plowed back most of its earnings which
ABD is planning an IPO. Its underwriters say the stock will sell at $20. The direct costs will be $800,000. The underwriters will charge a 7% spread. (a) How many shares must be sold to bet $30
ABC is attempting to establish a current assets policy. Fixed assets are $600,000, and the firm plans to maintain a 50% debt ratio. ABC has no operating current liabilities. The interest rate on debt
How does vaccine distribution relate to key operations and supply chain management questions including: quality management, new product development and forecasting?
Cheesecakes. After her great success making pies with Johnny Depp in Sweeney Todd, your friend Helen B. Carter has opened a bakery. She has done some market research and finds that your neighbors
Mike and Mary Jane Lee have a yearly income of $65,000 and own a house worth $90,000, two cars worth a total of $20,000, and furniture worth $10,000. The house has a mortgage of $50,000 and the cars
Salem Corporation uses the calendar year as its financial and tax annual accounting period. Management, because of the seasonality of sales, wants to change to a fiscal year beginning April 1st
Which is the better cost driver for the costs of a hospital's financial services department: patient services department revenues or number of bills generated? Explain your rationale.
Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases:a. Jackson Corporation has common stock with a par value
Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow.a. Compute the number of
Southlake Corporation issued $900,000 of 8% bonds on March 1, 20X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow.Case A—The
During 2011, Becky loans her brother Ken 5000, which he intends to use to establish a small business. Because Ken has no other assets and needs the cash to expand the business, the agreement provides
Postretirement benefits other than pensions (OPRBS) are similar to defined benefit pension plans in some respects and different in others.Required:a. Discuss the characteristics of OPRBs that make
Critics of SFAS No. 87 argue that its requirements result in reporting pension expense that is volatile. One of the factors causing volatility is changing the discount rate used to calculate service
OPEC was an effective cartel for many years, but recently it has been unable to maintain a high price of oil. What factors do you think are contributing to the demise of OPEC?
Alice wants to support her son Bob if he looks for work but not otherwise. Bob wants to try to find a job only if Alice does not support his life of indolence. Their payoff matrix isAlice and Bob
David Jones, the new administrator for a surgical clinic, was trying to determine how to allocate his indirect expenses. His staff was complaining that the current method of taking a percentage of
During the current year, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii...Insurance ............... $500Repairs and maintenance ......... $700Interest on
The comparative balance sheets for Nelson Company appear below:Additional information:1. Net income for the year ending December 31, 2012, was $20,000.2. Cash dividends of $12,000 were declared and
Grande Machinery Company purchased, for cash, a $60,000 custom machine on January 1, 2011. The machine has an estimated 5-year life and will be straight-line depreciated with no salvage value. The
Exeter Mines produces iron ore at four different mines however the ores extracted at each mine are different in their iron content. Mine 1 produces magnetite ore, which has a70% iron content; mine 2
Medical Corporation of America (MCA) has a current stock price of $36, and its last dividend (D0) was $2.40. In view of MCA's strong financial position, its required rate of return is 12 percent. If
SFAS No 109, “Accounting for Income Taxes,” requires companies to use the asset-liability method of interperiod income tax allocation.Required:a. Discuss the criteria for recoginizing deferred
Income tax allocation is an integral part of GAAP. The applications of intraperiod income tax allocation (within a period) and interperiod tax allocation (among periods) are both required.Required:a.
Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2013:Gibson acquired 60 percent of Davis on April 1, 2013, for $528,000. On that date,
If a recoverability test is needed under IFRSs, what amount of impairment (if any) should Ida record on the U.S. commercial building when reporting to its parent as of December 31, 2010?
On the basis of the information provided, under IFRSs, is goodwill associated with the Spanish operations impaired as of December 31, 2010? If so, determine the impairment loss and the new carrying
How do unequal cash flows affect the future value of an investment?
WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. WannaBee uses the Allowance Method and historical data indicates that 7% of receivables become uncollectible. The end of
For this assignment, assume you are a CPA researching and making recommendations to your client regarding revenue recognition methods. Choose a specific client, (e.g., manufacturer, retailer,
Design substantive procedures for detecting irregularities in accounts receivable. Design substantive procedures for detecting inventory irregularities. Design substantive procedures for detecting
(a) What are the three primary bond rating agencies?(b) What do bond ratings measure?(c) How do investors interpret bond ratings? (d) What is the difference between an A-rated bond and a B-rated
A person is considering buying the stock of two home health companies that are similar in all respects except the proportion of earnings paid out as dividends. Both companies are expected to earn $6
A broker offers to sell you shares of Bay Area Healthcare, which just paid a dividend of $2 per share. The dividend is expected to grow at a constant rate of 5 percent per year. The stock’s
Draw a sketch of an IS-LM diagram. Compare two cases, one where the consumption function depends on the interest rate and the other where the consumption function does not depend on the interest
Mr. Green and Mr. Brown form a corporation to carry on a new business. In exchange for $175,000 worth of the new corporation's stock, Green transferred to the corporation $25,000 in cash and
What are the challenges to achieving sustainability?
Financial data of Fancy Footwork Company for 2013 and 2012 are presented below.FANCY FOOTWORK COMPANYINCOME STATEMENTFor the year ended Dec 31, 2013Sales.................... 750000Cost of Goods
The paper on Conflict and Poverty in a world where boundaries and borders have blurred, and where seemingly distant threats can metastasize into immediate problems, the fight against global poverty
The Duncan Company has just completed a number of budgets for the coming year. The cost of goods manufactured schedule, the proforma income statement and the balance sheet still have to be
Pro forma income statement At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars):Sales ................... $3,000Operating cost excluding depreciation
Presented below is information related to Farr Company.Retained earnings, December 31, 2010 ............. $ 650,000Sales ........................... 1,400,000Selling and administrative expenses
Use the following data for the next three questionsCost dataRegular time labor cost per hour ........$10Overtime time labor cost per hour .........$15Subcontracting cost per unit (labor only)
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