Moreover was Frank wanted to do was not very ethical and correct as he was trying to gain money by misrepresenting facts. Therefore Jerry should go to the General Manager to present his case and ensure that there is action taen to ensure project success. 2. Should the key people be supported on overhead? Why or why not? Answer – The Scott project was a very strategic project in nature‚ and quality delivery and performance on this project had potential of bringing in a lot of future business for the company
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1. Which one of the three phases of the behavioral viewpoint‚ a historical management perspective‚ is best illustrated in the article? Explain why. Ans: The three phases of the behavioral viewpoint are early behaviorism‚ the human relations movement and behavioral science. The phase best illustrated in the article is Behaviorism which was pioneered by Follett‚ Mayo and Munsterberg who talked about how psychologist can identify the psychological conditions for employees to do their best work. In
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the importance of depreciation expenses. Depreciation as a concept and in practice plays a very important role in a company ’s cash flow hence in funding. The reason ’s are basically two‚ firstly because depreciation is a way of self finance for an organization and secondly because is a way of decreasing taxes that the government claims as the company doesn ’t have to pay taxes on depreciation which consequently enlarges the cash flow of the company. As a term depreciation in accounting is the
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to constituents (3) C - There may not be a direct relationship between revenues raised and the demand for the entity’s services (4) B - GASB (5) D - Do not issue common stock (7) Ch. 2: Question for Review and Discussion 12. In addition to answering question 12‚ provide a response in 150-350 words differentiating between a budget and a Comprehensive Annual Financial Report (CAFR). What is a CAFR? What are its main components? The CAFR is known as a comprehensive annual financial report. It consist
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after taxes for the next 5 years to be as shown in the following table. Year Net operating profit after taxes 1 $100‚000 2 150‚000 3 200‚000 4 250‚000 5
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decision? Although Anne‚ the CEO‚ and Sue‚ the accountant are involved in this decision it is the banks‚ Linkage Construction Inc. employees and investors‚ and subcontractors if any are used are the affected stakeholders involved in this decision. 2. What are the ethical issues involved? The ethical issue involved is changing the expense report to show lower expected profits for the current year just to manipulate the growth trend of the company which is against GAAP and ethical standards of accountants
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disability‚ which requires special education service. When a student is found eligible for special education services‚ an individualized education program (IEP) is develop with the participation of the school staff‚ with the parents and the student. 2. Program Design: Students should be served within the regular classroom setting. • Meeting the consistent of the specific needs of each student • Providing an appropriate education within their neighborhood • Provide a selected alternative school
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Question 1 Frank Crosby (who has never owned or run a business before) started a lawn mowing business (Crosby’s Cutters) as a temporary job/business which he intended to run until he started his business degree at the University of Woop Woop in Semester 2‚ 2014. To start the business on 1 April 2014‚ he deposited $1‚000 into a new bank account opened in the name of the business. The $1‚000 consisted of a $600 loan from his father and $400 of his own money. Frank rented some equipment‚ purchased supplies
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CURRENCY DEPRECIATION AND ITS IMPACTS Devaluation means decreasing the value of nation’s currency relative to gold or the currencies of other nations. Devaluation occurs in terms of all other currencies‚ but it is best illustrated in the case of only one other currency. Devaluation and Depreciation are sometimes used interchangeably‚ but they always refer to values in terms of other currencies and the value of currency is determined by the interplay of money supply and money demand. In common modern
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enacted‚ or if the new legislation is enacted and the capital project is contracted early enough so that it is grandfathered in. With tax legislation grandfathered‚ the project gets the benefit of the new lower corporate tax rate and the old ACRS depreciation method. Although when presented with this project one year ago in 1984‚ Paperco was able to be postponed this capital project since it was merely “moderately attractive”. The prospect of new tax legislation being enacted as rumored makes the Net Present
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