marks) The law firm of Smith‚ Jones‚ and Greene provides accounting service for some of its clients. The person who handles this service and her secretary cost the law firm an average of $80‚000 per year in salary and benefits. Furthermore‚ the law firm incurs an additional charge of $50 per client for computer time‚ postage‚ and supplies. Clients are charged $300 a year for these accounting services. a) Determine the cost‚ revenue‚ and profit functions for the law firm in terms of the number
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Arthur Dimmesdale‚ or better yet‚ Pearl’s father‚ is a dynamic character. The minister undergoes an exploration of guilt‚ love‚ violence and remorse during the pages of Nathaniel Hawthorne’s novel‚ The Scarlet Letter. During each scene new information is unveiled to reveal the true characteristics of the Hill’s beloved Reverend. Purple is the most dominant color on my character mandal because it symbolizes transformation. In the opening chapter of the novel‚ Arthur Dimmesdale is still attempting
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The Once and Future King King Arthur of the Arthurian legends is one of the most unique characters in the history of literature. Since he has been depicted by a variety of writers‚ there is more than a single description of his personality. The Arthur we know is actually a conglomerate of many different interpretations of one character. For this reason‚ his character and very person haven ’t been too consistent through the legends. The earliest Arthurian Legends which are also some of the earliest
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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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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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multiple strategic partners to help cover up their accounting schemes. Houston law firm Vinson & Elkins’ top client was Enron. The law firm wrote opinion letters supporting the legality of the deals Enron was making even though they were illegal. Additionally‚ Arthur Andersen LLP was Enron’s auditor. More than 100 employees at Arthur Andersen were dedicated to Enron’s account. The firm was a major business partner of Enron and some Arthur Andersen executives accepted jobs with Enron. Some believe
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information‚ whether it be good or bad‚ to share with the others in the encampment. At this point it was rare to receive any good news as most news was bad and they always expected to worse. Arthur and Josek belonged to Simon’s small group and were his closest friends. Josek was very strong in his Jewish faith‚ but Arthur and Simon did not share his same strength. Josek would try to uplift and share his knowledge with them as much as possible. Josek had gone to the ghetto
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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