In this file ACC 300 Week 5 Individual Assignment - Chapter Six you will find overview of the following parts: 1. Assignments from the Readings. Prepare responses to the following assignments from the e-text‚ Fundamentals of Financial Accounting 1st ed.‚ by Phillips‚ Libby‚ and Libby a. Chapter 6: Questions 2 and 3 2. Summarize the primary purposes of an internal control system. 3. What are the three internal control objectives for financial reporting? Business
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dollars is: Fixed Costs = 96000/0.6 = $160‚000 Contribution Margin Ratio 2. Calculate the number of units Northenscold’s must sell each year to break even. FC/CM 96000/12 =8000units 3. Calculate the number of units Northenscold’s must sell to yield a profit of $144‚000. (FC+ Profits)/CM = 96000+144000/12 = 20000 units 2. Berhannan’s Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling commission
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How would healthcare companies operate without accounting? Why do we need financial and managerial accounting and what are the fundamental differences between the two? You must respond to at least two of your classmates ’ postings to receive full credit. Accounting plays a huge role within healthcare industry. If healthcare companies did not have an accounting department‚ it would be nearly impossible for it to operate effectively. Without an accounting department‚ it would be difficult to determine
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publicly traded corporations. The American Institute of Certified Public Accountants still holds the responsibility of standard setting for governments and not-for-profit entities‚ however‚ their recent pronouncements have been influenced by the PCAOB. 3. Steps that governmental and not-for-profit agencies may take in order to comply with the requirements of the Sarbanes-Oxley Bill include: restructuring their Board of Directors to include and audit committee consisting of financial experts in various
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References: Barringer‚ B.‚ & Ireland‚ R. (2010). Entrepreneurship: Successfullly launching new ventures (3rd Ed.). Upper Saddle River‚ NJ: Prentice Hall. Borrington‚ K. (2010). What ’s new in types of business organisation? Teaching Business & Econimics‚ 14(3)‚ 5-7. Easterbrook‚ F.‚ & Fischel‚ D. (1985). Limited liability and the corporation. The Inversity of Chicago Law Review‚ 89-117. Luo‚ T.‚ & Mann‚ A. (2011). High-tech business survivorship: An analysis by organization type. Journal of Business & Economics
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Frequent Shopper Program Technical Architecture Document University of Phoenix BSA/385 07/01/2013 Executive Summary Overview: The objective of this project request is to track purchases of individual customer ’s. The customer purchases will be tracked and accumulated as loyalty points for redemption by the customer for gift items‚ specialty foods and other products or services as made available through partnerships with other external companies. The strategic purpose of the Frequent Shopper
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WORKFORCE PLANNING AND EMPLOYMENT Liberty University BUSI 643 Dr. DOUG MCLNTYRE Case Study-6 Name: SHRUTHI RENUKUNTLA ID# 26569013 October 7th ‚ 2014 Applications: Retention: Deciding To Act 1.Do we think turnover is a problem? A.Turnover becomes relatively high. Based on Wally’s rough data‚ there is a relatively high turnover rate of 65% for attendants and this is a turnover
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4.88 Your supervisor has asked you to compute the elasticity’s for each independent variable. Assume the following values for the independent variables: Q= Quantity demanded of 3-pack units P (in cents)= Price of the product = 500 cents per 3-pack unit PX (in cents)= Price of leading competitor’s product = 600 cents per 3-pack unit I (in dollars)= Per capita income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5‚500 A (in dollars)= Monthly advertising
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Individual Assignment: Generally Accepted Auditing Standards Paper By: Stacy Munns ACC/ 491 Professor Richard Cochran Due: December 3‚ 2012 Introduction: History of Auditing It is stated that “Auditing is based on the assumption that financial statement data are verifiable.” (Boynton & Johnson‚ 2006) The real reason of auditing didn’t really come until “the advent of the Industrial Revolution‚ from 1750 to 1850‚ that auditing began its evolution into a field of fraud detection and financial
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Learning Disabilities Facts • Learning disabilities (LD) vary from person to person • Caused by differences in how a person’s brain works and how it processes information • 1 out of every 5 people in the United States has a learning disability. • Almost 3 million children (ages 6 through 21) have some form of a learning disability and receive special education in school. ▫ over half of all children who receive special education have a learning disability ▫ Resource: Twenty-second Annual Report to Congress
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