1. Read the footnotes carefully. Identify four accounting policy changes and accounting estimates that Harnischfeger made during 1984 and estimate as accurately as possible the effect of these changes on the company’s 1984 reported profits? One accounting change that Harnischfeger made was that they were going to include products purchased from Kobe Steel in their net sales. Before November 1‚ 1983 only the gross margin on Kobe products was included in their net sales. Harnischfeger was also
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Materiality If we were investors in this company‚ we would consider 5% to be material. The company does not seem to have any high risk of fraud or material misstatement‚ so we are very comfortable with the quality of its financial reporting. A misstatement of 5% or above in any of the significant company accounts‚ or a combined misstatement of 5% or above for the company accounts as a whole‚ would require increased investigation and would reduce our confidence in the records. Any misstatement
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Case 11-1: Polluter Corp Polluter Corporation is a manufacturing firm in the United States registered with the Securities and Exchange Commission. Polluter Corp. operates three facilities manufacturing various household cleaning products. These products produced are sold to retail customers. The United States government funded their company with emission allowances (EAs). An emission allowance is an authorization to emit a fixed amount of a pollutant. An emissions allowance is sometimes also
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resources needed to produce construction materials‚ and the devastation of natural ecosystems. In this essay we attempt to demonstrate that even when the construction industry has several issues‚ there are many options to improve it and the impact of them in the environmental‚ social and economic dimensions can be considerably reduce in order to get a higher social responsibility. CONSTRUCTION ISSUES 1. Environmental Impact. Half of the materials used in the construction industry come from
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Case Study of McKesson Corporation Description of the company’s performance McKesson Corporation is one of the leading providers of health care products and services. When it comes to analyzing the external environment; the political‚ economic‚ social‚ technological (PEST) analysis shows that the environmental situation is favorable for the company. The environmental factors are giving the company a chance to succeed in its endeavor. In politics there is no direct problem that might affect the
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Xerox Corporation 1. Leadership through Quality was a strategy developed by Xerox as a result of competitors being financially strong‚ technologically advanced and having excellent customer relations. Xerox Corporation through its strategy tries to meet its customer requirements. The strategy is viable as Xerox through this strategy tries ensuring that definition of Quality is meeting the customer requirements all the time. The three major components of LTQ are Employee Involvement that stresses
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credit? a) Taxpayer received a refund of personal living expenses b) Taxpayer received tax-free educational assistance for an expense used to calculate a higher education credit on their return c) Taxpayer received a refund of transportation expenses d) Taxpayer received a gift from relative to help pay the lodging expenses 2. Where should the repayment of the education credit Fred claimed in a previous year be reported? a) b) c) d) 3. Mr. Smith’s neighbor tells him about the mortgage
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1. General Economic Outlook Cott Corporation earned its revenue mainly from United States‚ Canada and U.K. Its revenue from these countries accounted for 97.83% and 98.62% in 2003 and 2002 respectively. However‚ the company tends to increase its operation in Mexico as a result of its acquisition in .. Therefore‚ our discussion will be based on 4 countries as mentioned above. 1.1 Global Economic Outlook From economic in bubble stage in 2000 to the adverse effects of the September 11‚ 2001
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Associate Level Material Appendix B LAN Operating Systems Scenarios Read the three scenarios below and answer the questions that follow each scenario. You are the network administrator for a new company that has 10 users and that plans to add 5 more users within a year. The files need to be accessed by all 10 users‚ and each user must have different security rights. What kind of network would you install? How would the pieces and components of this network relate to each other? Define each component
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FORUM B (5 November 2014‚ 7 – 9.00pm) 1. Can a manager or supervisor “empower” an employee? Discuss fully. - Empowerment is a state of mind‚ so it really mean is that they are changing the work environment to support the feeling of empowerment. - The environment for employee to feel that they have freedom‚ independence and discretion over their work activities - Able to give work meaning to employee so that they care about their work and believe that what they do is important. - Bring out the
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