Retrieve the SEC's complaint against ClearOne Communications (link provided on Blackboard with the case). Describe management's alleged scheme for inflating revenue.…
References: Apollo Group, Inc. (2007). Finance & Accounting - Accounting System Overview. Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Kudler2/intranet/accounting-system-overview.asp…
D) (Refer to original data.) Fuel cost is a significant variable cost to any railway. If crude oil increases by $ 20 per barrel, it is estimated that variable cost per passenger will rise to $ 90. What will be the new break-even point in passengers and in number of passenger train cars?…
If Springfield Express raises its average passenger fare to $190, it is estimated that the average load factor will decrease to 60%. What will be the monthly break-even point in number of passenger cars?…
I have a question about my credits. This is my last term at Valencia and I am going to transfer to UCF this fall. Last time, I met with my business advisor and she said I need credits for College Algebra and she recommended me to take a CLEP exam. So I am going to take a CLEP exam on February. However, I will have 61 credits after I finished spring term classes and will be 64 credits if I passed the CLEP exam. In this case, do I still have to submit a appeal form?…
admit him into a private clinic in the United States for treatment. In March 2011, the…
Items included in other comprehensive income shall be classified based on their nature. For example, under existing accounting standards, other comprehensive income shall be classified separately into foreign currency items, gains or losses associated with pension or other postretirement benefits, prior service costs or credits associated with pension or other postretirement benefits, transition assets or obligations associated with pension or other postretirement benefits, and unrealized gains and losses on certain investments in debt and equity securities. Additional classifications or additional items within current classifications may result from future accounting standards.…
I will now explain what each of these ratio 's mean to Sharma and Ryan, and how it effects their business 's overall financial performance.…
The Huyden Company builds equipment to customer's specifications. On March 1, two jobs were in process with the following costs and information:…
The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities.…
Starting off, if we were Palmer we would be disappointed that our top assistant is being taken away from our project. However, after taking an objective view of the situation, we would be able to realize it was the best move for the company. The situation was not working out because we were losing valuable work time from an employee. Because management decided on Olds working on the Crosby’s project, we would like management to find us a suitable replacement. Olds was a good employee, but he now works for Crosby and we cannot change that.…
Charlie’s approach to quality is to prevent defects and achieve zero defects. He would show employees how to do the job right. He could show employees all his proven methods for closing a sale. The goal is to solve and eradicate from the beginning all quality-related problem and to live a philosophy of continuous improvement in the way the company operates. It is a more complete approach to achieving total quality. Charlie could also want to build a base of loyal clients. An important dimension of service quality is making it easy and enjoyable for customers to experience a service or to buy and use products. It shows the high quality of the company to its customers. Customers can get what they want or need, when they need it. The quality service provides the company to gain the competitive advantage. Because of the approach, the company can expand his territory easily. Charlie’s approach has the positive influence on his company’s performance.…
➢ Based on the information provided, Erin’s employment with CCC was terminated in July 2009 and Erin was informed on July 31, 2009. Thus the payment Erin received in August is considered as pay in lieu of termination notice. Therefore, it is taxable income and should be reported as employment income in her tax return. But it seems that the amount of $9500 she received is net of tax amount (her total before tax salary for two moths is $12,000). She should contact CCC to get a T4 slip so that she will not be double taxed on $9500.…
Latham and Watkins LLP, established in 1934, is the world's most noteworthy netting law office, with US$2.6 billion in yearly income, and is generally thought to be a standout amongst the most prestigious and beneficial law offices on the planet.…
Alehandro is an accountant. He wants to set up his own accountancy business. He has a few customers arranged. His sister, Miranda, is a start-up business advisor in a local bank. She has offered to become his partner. She knows plenty of people who would use their business. She has already found rent-free premises for the office. Alehandro is not sure whether it would be better for him to set up as a sole trader, in partnership with his sister, or as a limited company.…