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Questions and Answers of
Accounting
List and describe three goals of an organization’s internal audit function.
Indigenous religions generally are characterized by three basic patterns.What are those patterns?How would you define each pattern in your own words?In what ways do you see these patterns as making
The foundation of an effective disaster communications strategy is built on five critical assumptions, which are described in your readings for this week. Select two of these assumptions and explain
Determine the appropriate balance between unfettered free speech and the duties of public employees. Provide specific examples to support your response.
This portion of the SPSS project xam draws upon the knowledge and skills you acquired throughout this course by asking you to perform an SPSS analysis. Read the three case studies below and choose
If a company has sales of $10 million, a gross profit percentage of 35%, and days in inventory of 110, could you estimate its average inventory? Show your calculations.
Automated Tellers Inc, a major manufacturer of ATM machines reported the following information about its financial structure:Debt: 6,000 bonds outstanding, 8% coupon rate paid annually, 10 years left
A firm has a WACC of 12%. It is financed with 40% debt and 60% equity. The firm’s cost of debt is 10% and its tax rate is 40%. If the firm’s dividend growth rate is 8% and its current stock
Kaui Surf Boards is seeking to raise capital from a large group of investors to expand its operations. Those investors currently hold the S&P 500 index, which has a standard deviation of 18% and
Project 3 is due by Tuesday, April 30. Send via the assignment area and make sure you save your file with first initial of first name and last name. You will be graded on the accuracy of your answer
Truck A is purchased on 1-1-X1 for 15,500. Straight-line depreciation is used, with a salvage value of 1,500. Estimated useful life is 5 years. On 12-31-X4 we are going to trade in truck A for truck
Prepare & Protect - Discussion• What are the hazards? How do we protect our people?• Who is our team, internally and externally?• How will we communicate? What if systems fail?• How well
The Robinson Company has the following current assets and current liabilities for these two years:If sales in 2010 were $1.2 million, sales in 2011 were $1.3 million, and cost of goods sold was 70
The Robinson Company from Problem 2 had net sales of $1,200,000 in 2010 and $1,300,000 in 2011.The Robinson Company had the following current assets and current liabilities for these two years: If
Given the following information for the Share-Pei Boutique Corporation, calculate the NPV of a New Machine and whether the investment should be made: cost = $7,500; installation cost is $1,500, and a
Why did Israel fail to anticipate the attacks by Egypt and Syria on October 6, 1973?
In what ways have smart phones that incorporate wireless technologies changed the business landscape?
Suppose Ann is working on a project with John. Both must decide whether to put into a decent amount of effort into the project. Since Ann is the leader of the project, her contribution determines
When you typically enter a front door to any business, you would normally see right off the bat what that business’ main focal point is or what their mission statement is. Their primary reasons for
Your client comes to you with the following bond portfolio and wants to know which bonds that he / she should sell to buy into a high quality dividend strategy that is currently producing a 3% yield.
Suppose you are an economic expert who works as an economic analyst in a small open economy (SOE) that presently has perfect financial capital mobility and no risk premium. The government of a large
The closed economy of North Korea is experiencing a debate about the strength and appropriateness of certain government policies. Significant debate is occurring among different groups within the
Calculate the present value of the following cash flows, rounding to the nearest dollar:a. A single cash inflow of $12,000 in five years, discounted at a 12% rate of return.b. An annual
Diversified Services, Inc., offers a variety of business services, including financial services through its escrow division. Diversified entered into the following investment activities during the
Jean and Jill’s Bakery bake fresh pies every morning. The daily demand for Jean and Jill's apple pies is a random variable with (discrete) distribution, based on past experience, given by:Demand 5
Peter Senge, in The Fifth Discipline, has identified and explained five major features that characterize a learning organization.Discuss Senge's contention behind each one of these features,
An article (K. Delaney, “How Search Engine Rules Cause Sites to go missing,” The Wall Street Journal, March13, 2007, pp. B1, B4) discussed the amount of Internet search results that Web surfers
A bank branch located in a commercial district of a city has developed an improved process for serving customers during the noon-to-1:00 p.m. lunch period. The waiting time, in minutes (defined as
Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years, or 14,000 operating hours, and a residual value of $10,000.Compute the depreciation
Ace-It Financial Calculators Ltd. has the following capital structure:Bonds ................ $40,000,000 at face (par) valuePreferred ............... 5,000,000Common stock ...........
Describe how a company should estimate the financial value of a potential merger partner?
Imagine that Company ABC is considering a project that would cost $100 million today, and provide an estimated $25 million of incremental, net cash flow each year for the next six years. a. What
If you are a brand manager, what can you learn from these two cases?
a. Use your knowledge of monopoly pricing practices to explain why advertising rates and newspaper circulation prices were likely to increase and jobs were likely to be lost, following adoption of
1. What are some of Yuki’s actions that indicate task behavior?2. Is Yuki’s level of task behavior high or low?3. Which of Yuki’s actions indicated relationship behavior?4. Is Yuki’s level of
Suppose the accounting profit margins reported in Figure 11-5 for the major health insurers are correct from an economic perspective. Use the Lerner index to back out the implied price elasticity of
A fast-food restaurant makes hamburgers on a grill. At any given time, only four hamburgers can fit on the grill. If there is no room on the grill, the customers are asked to order a different item.
The Carter Caterer Company must have the following number of clean napkins available at the beginning of each of the next four days: day 1, 1500; day 2, 1200; day 3, 1800; day 4, 600. After being
What type of process – project, job shop, flow shop, and continuous flow – would most likely be used for a wedding? Why?
Johnny’s Lunches is considering purchasing a new, energy-efficient grill. The grill will cost $40,000 and will be depreciated according to the 3-year MACRS schedule. It will be sold for scrap
Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for $1 million. The lathe will cost $35,000 per year to run, but will save the firm $125,000 in labor costs, and
Consider the following table for the period from 1926 through 1932. What was the average real return for Treasury bills from 1926 through1932?
What are the cost and profitability implications to a company with substantial production investment when the results of development are used by other companies who did not bear the burden of those
Baker, CPA, was engaged to audit Mill Company's financial statements for the year ended September 30, 20X1. After obtaining an understanding of Mill's internal control structure, Baker decided to
The 2013 balance sheet for Hallbrook Industries, Inc., is shown below.The company's 2013 income statement reported the following amounts ($ in 000s):Net sales ......................... $ 4600Interest
What advantages and disadvantages are there in using sampling when performing an investigation?
Your engineering department estimated the following production function.Q = 15L2 – 0.5L3a. What is the marginal product of labor function, MPL?b. What is the average product of labor function,
Explain whether each of the following would be included in GDP, GNP, or both of the United States.a. The salary of an American who is working in Japan for Honda.b. The profits that Honda earns from
Imagine that Company ABC is considering a project that would cost $100 million today, and provide an estimated $25 million of incremental, net cash flow each year for the next six years.
What costs is a firm trying to balance when it decides on how much safety stock to hold?
The information listed below was obtained from the accounting records of Williams Company as of December 31, 2013, the end of the company’s fiscal year.(a) On August 1, 2013, the company borrowed
The Thomas Company is in the process of developing a revolutionary new product. A new division of the company was formed to develop, manufacture, and market this product. As of year-end (December 31,
The Miller-Porter company sells powder coating equipment at a sales price of $50,000 per unit. The sales price includes delivery, installation, and initial testing of the equipment, as well as a
Huxtable charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain to the current year:Budgeted
Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following:Under-applied
ABC Healthcare EquipmentYou have recently been promoted to Audit Manager of DPU CPA & Co. and will be leading a team to perform the yearend financial audit of ABC Healthcare Equipment Company. This
Roxanne is in the market for a new house, and she has found a house she likes that is selling for $250,000. The down payment on the house is 20% (the amount that the bank should require you to pay in
Abebi, who has just celebrated her 29th birthday, will retire on her 55th birthday, and she has just set up a retirement plan to pay her income starting on her retirement day, and to continue paying
Can you give me some good advice or solutions in answering this discussion?* Winston Churchill once said that democracy is the worst form of government. except for all others. What did he mean in
1. Describe whether your organization is exploitive, impoverished, supportive, or enlightened.2. Describe the features of your organization that indicate which kind of organization it is.3. Describe
White Mountain Ski Resort has the following demand equations for its customers.[Relating the final to Module I on D/S and Elasticity]The demand equation for the resort as a whole:Q = 1,000 -30P (P =
Ace and Baumont Corporations make and sell electrical equipment. Both have to decide whether or not to discount. The payoff matrix of Discount and Not to
Explain in your own words what "allocative efficiency" means.
Most book publishers pay authors a percentage of the revenue from book sales. Explain the conflict that this creates between publishers and authors.
We have found our answer, activity-based costing it is,” exclaimed Roger Lalonde, general manager of a multi-departmental medium-sized manufacturing company. Roger had recently attended a seminar
In an exclusive august 2007 survey of 1,011 people aged 50 and over, AARP The Magazine sought to learn what older Americans think about life after death. They found that 73% agree with the statement
1. Show how the IS curve and the LM curve can be shifted to get an increase in output without a change in interest rates. What kind of mix of monetary and fiscal policies is needed to do this? How
In our increasingly globalized economy there are few things that garner more heated discussions around the union hall than all those “cheap” imports stealing American jobs. Nearly all economists
A food-products company has recently introduced a new line of fruit pies in six U.S. cities: Atlanta, Baltimore, Chicago, Denver, St. Louis, and Fort Lauderdale. Based on the pies
The Sales and Advertising Data (2009)Kramer Smith CaseKramer Smith owns a dry-cleaning service and is thinking about changing his advertising expenditures for the year. He hires you as a consultant
Write a paper summarizing the banking system, starting with why we need it in the first place and its development up to the modern Federal Reserve System.To achieve maximum points for content and
Table 313 State and Local Government Expenditures Per Capita by Criminal Justice Function and State: 2002 [In dollars] Total StatejusticePoliceJudicialsystemprotectionand
What is the difference between diversifiable risk and systematic risk? Please provide examples as appropriate.
Show a loan amortization schedule for a 5 year 10% loan for $50,000,000 that requires 5 equal end of year payments.
Based on the excel problem solved, between cost and sales which column shows more stability or control?If you compare the trend of cost/unit versus the profit/unit using a scatter chart, what can you
1. Wayne owns a shaved ice stand. He sells 700 shaved ice cups per month at $1.50 each, making the total revenue $1050. Each shaved ice costs Wayne $0.50 and he has fixed cost of $750, making his
This is for a human resources class. The book we use is called "Staffing Organizations" Below is the APA citation for the book:Heneman, H.G., Judge, T.A., & Kammeyer-Mueller, J.D. (2012).
Suppose Josh Hartley is interested in purchasing a new car and visits his local auto dealer. In the course of his negotiations, he tells the salesperson that he wants the 3.2 liter V-6 engine and not
Ben purchased 100 shares of stock from the Frankfurt (Germany) Stock Exchange at a price of €50 per share when the exchange rate was €1 = $1.30. He sold the shares less than a year later at a
Critique the main marketing trends Gunelius identifies for 2012. Speculate on the applicability of Gunelius’s analysis to your business idea for this course. Do you think these trends will remain
Future Recruitment Strategy and Recruitment Guide at Tanglewood StoresTanglewood Case –3In terms of the assignment, for that section, you were actually supposed to develop 3 separate ads (as you
Talk about the following and applicability or even non-applicability in today’s society. State if you agree or not with their theories. Give examples.>>Karl Marx>>Thomas Hobbes
Listed below are seven technical accounting terms introduced or emphasized in this chapter.Job Order costingOverhead application rateOver applied overheadCost driverCost of finished goods
Yager and Boggs formed Y&B Company in 2012. Yager contributed a building with a fair market value of $97,000, a mortgage of $75,000 and an adjusted basis of $50,000 in return for 22 shares of Y&B
Wally's Widget Warehouse takes orders from 7 A.M. to 7 P.M. The manager wants to analyze the process and has provided the process flow diagram shown below. There are three steps required to ship a
Discuss an outline of a plan for the transition from old to new management and clinical information Systems.Consider this question: How can you ensure compatibility of software, hardware, and network
a) List and describe four potential problems with a “traditional” overhead allocation system.b) List and describe four “red flags” that may indicate you should consider revising your overhead
a) Describe the differences between unit-related, batch-related, and product-sustaining activities. Give one example of each type of activity.b) Describe the difference between transaction drivers
This assignment is designed to research specific types of tax authority. Use the IRC and any relevant Regulations to write a memo in IRAC - issues, rules analysis, conclusions, keep it under 2 pages
Malone, Inc. uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of July.July2Purchased raw
Several automobile manufacturers from State J are exporting large numbers of cars to State K, taking over large share of State K’s automobile market and putting K’s automobile manufacturers and
A multinational organization in China has experienced dramatic growth in the past two years. Recently, the executive staff has been reading about outsourcing costs, and they want to renegotiate their
Business & Society Ethics, Sustainability and Stakeholder management, give an example of each of the four levels of corporate power. Also, give an example of each of the spheres of business power.
Why is it important to be cognizant of misinterpretations as an international manager?
Hickock Mining is evaluating when to open a gold mine. The mine has 48,000 ounces of gold left that can be mined, and mining operations will produce 6,000ounces per year. The required return on the
You have purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80% of the $2,900,000 purchase price. The monthly payment on this loan will be $15,000.
Casey Motors recently reported the following information:• Net income = $850,000.• Tax rate = 40%.• Interest expense = $200,000.• Total investor-supplied operating capital employed = $9
Illustrate the effects on the accounts and financial statements of recording the following transactions:a.) Sold merchandise for cash, $23,500. The cost of the merchandise sold was $14,000.b.) Sold
Health insurance is a major issue facing U.S. adults. 44.42% of the adult population is young (Ages 18 to 34) and 84.85% of the adult population had health insurance coverage. About 35.77% of the
Discuss in three pages how the image of Islam gradually changes among the elites in western-Europe. You can talk about Maxime Rodinson.
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