Case 5-60 1. The solution Doug proposes is not ethical. Although maintaining the current plant-wide rate is probably not illegal‚ its continuation has one purpose: to extract profits from government business. Doug knows the plant-wide rate is not accurately assigning overhead costs to various jobs and is willing to alter the assignments on an “unofficial basis” for purposes of bidding on private-sector jobs. Fundamentally‚ ethical behavior is concerned with choosing right over wrong. To knowingly
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Electric utility bills. When an electric utility customer uses electricity‚ the electric company has earned revenues. It is obviously impossible‚ however‚ for the company to read all of its customers’ meters on the evening of December 31. How does the electric company know its revenue for a given year? Explain. According to historical data‚ the electricity usage usually tended to be fairly constant from month to month. The company can estimate the revenues for each month‚ by using historical data
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Acquisition of legal subsidiary in bankruptcy According to the fact of this case‚ Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary‚ and both of them all nonpublic companies. However‚ in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then‚ Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the
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62 CHAPTER THREE: FINDING AND USING SUPPORT RESOURCES To succeed you have to believe in something with such a passion that it becomes a reality—Anita Roddick CHAPTER CONTENTS • The Essential Learning Support Sources • Course Design Resources • Evaluating Research and Reference Resources Learning can be informal or formal. When you return to university as an adult‚ you are getting involved again in a formal learning environment. At the moment of reentry into your online program you may
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days 5/3/13 17 Years Later I am currently 18 years of age‚ the age that most youth look forward to and believe it will be the best thing in the world to be considered an “adult.” Considering that most teens like to live in the “right here‚ right now” moment‚ little do they realize 18 does not mean much‚ there is an entire future for them to think about. 18 is just a reminder that‚ as much as we may not want to‚ we are getting older meaning its time to start planning our futures. In 17 years I will
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to price‚ screen size and amount of RAM. Price Processor Speed Screen Size Hard Disk RAM Armani R850 P4. £2‚467 1.7 GHz 19" 40 GB 256 MB Mesh Elite 1.7GT Pro £1‚938 1.7 GHz 19" 57 GB 256 MB Elonex WebRider Pro £1‚174 1.2 GHz 17" 38.1 GB 128 MB Four personal computers‚ Evesham Axis 1.33 SK‚ Armani R850 P4‚ Mesh Elite 1.7GT pro and Elonex WebRider Pro‚ were compared with respect to the following factors: price‚ screen size and amount of RAM. The most expensive is Armani
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essential. Text A is an essay written by an African girl embedded in an African culture published in 2014‚ while text B is an article published by the Encyclopedia Britannica during the 21st century. Both texts deals share the theme of Hausa culture‚ however‚ text A does it in a more reflective and personal way by explaining her own understanding of identity‚ while text C is more straightforward and informative about the different aspects of this culture. As mentioned before‚ text A is an essay
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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Accounts Receivable: an amount due from another party two of the most common are: Accounts Receivable &Notes Receivable others are: interest receivable‚ rent receivable‚ tax refund receivable‚ and receivables from employees Accounts Receivable- are amounts due from customers for credit sales when a company does extend credit directly to customers it: 1. Maintains a separate account receivable for each customer 2. accounts for bad debts from credit sales Recognizing Accounts Receivable:
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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