Ethics case (a) Who will suffer negative effects if you do not comply with Gena Schmitt’s instructions? Who will suffer if you do comply? The negative effects of not complying with Gena Schmitt’s instructions can be detrimental to all stakeholders of the business. Those include the business‚ the employees‚ customers‚ and the assistant controller since he or she is disobeying a direct order. If the controller does comply with the instructions the controller can be held ethically responsible
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Chapter One Sole Proprietorship: A business with one owner (and is not a taxable entity) Partnerships: Owned by two or more individuals (also not a taxable entity) Non-business entities: organized for a purpose other than earning a profit Economic Entity Concept: Assuming that everything is accounted for in a business. Personal costs must be separate from the business. Operating Activities: “Day to day” activities Investing Activities: Purchase and sale of long-term assets Financing: Money needed
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Nicola Elvy Week Five Questions Chapter 11 (#1‚ 11‚ 12) 1. Why do we use the overall cost of capital for investment decisions even when only one source of capital will be used (e.g.‚ debt)? One may think that an investment financed with a low-cost debt facility is adequate on paper but in the long run that very use of that debt can be the cause of an increase the general risk of the firm and in turn will make any future financing more costly. Every project should be scrutinized to
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U1-40 (30 min) Benefit-cost analysis—add a project a. and b. | Income Statement | New contract changes | Dollar impact of new contract | Income with new contract | Sales revenue | $ 1‚500‚000 | $ 200‚000 | $ 200‚000 | $ 1‚700‚000 | Costs | | | | | Labor | 700‚000 | 175‚000 | 175‚000 | 875‚000 | Equipment lease | 104‚000 | 12% | 12‚480 | 116‚480 | Rent | 120‚000 |
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You are an Investment Analyst Strayer University ACC557 – Financial Accounting Professor Levi Beckwith March 16‚ 2014 1. Analyze each company’s history‚ product/services‚ major customers‚ major suppliers‚ and leadership and provide a synopsis of each company. The Coca-Cola (NYSE: KO ) vs. PepsiCo (NYSE: PEP ) war is one of the greatest rivalries in corporate history‚ just like Apple vs. Microsoft. Coca-Cola and Pepsi are the two most popular and widely recognized
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EC 109 Autumn 2011 Dr. Mani Problem Set 2 Due Date: Oct31‚ Monday – between 9 & 11 AM in room S 2.132 Please keep a copy of your assignment and show all your work clearly. (1) Mr. J. Bond‚ a retired movie actor‚ consumes only grapes and the composite good Y (i.e. price of Y is £1). His income consists of £10000 a year from his investment fund plus the proceeds of whatever he sells of the 2000 bushels of grapes he harvests
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1. Based on historical data‚ you have estimated the following probability distributions for the returns on two individual securities (SMALL and BIG) and the value-weighted market portfolio: State probability Small Big Market Expansion 0.30 25% 8% 12% Normal 0.5 15% 6% 10% Recession 0.20 0% 2% 3% a) Calculate the expected return and standard deviation of return for Small‚ Big and the market portfolio b) Calculate the covariance between Small and Big; between Small
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Memorandum To: Ms. Katryna Faith CC: Personal Budget‚ Balance Sheet and Statement of Cash Flows From: Ms. Shelle Avis Date: 5/12/2013 Re: Recommendations Confidential Ms. Katryna Faith is a 27 year old woman who currently works as a Customer Service Representative for Phoenix Associates. Ms. Faith also has a Bachelor’s in Accounting that she received last year and seeking her Master’s degree in the Accounting. She has no dependents but she does have a puppy. Ms. Faith wants to develop a
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E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan painted on new
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King Fahd University of Petroleum and Minerals Department of Accounting & MIS ACCT 303 ACL Class Test Computer Control & Audit Time Allowed: 45 Minutes Semester: 052 Hands-on ACL Applications Name:_________________________ Sec: _________ Student ID#:____________ For this part of the test you will need the payroll (Payroll Transactions) and the empmast (Employee Master) Files located in the sample.acl available with the 2nd ACL assignment. 1. Open the Payroll (Payroll Trans file)
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