FIN 515 Homework #1 1-1. What is the most important difference between a corporation and all other organizational forms? Owners of a corporation are not liable for obligations the corporation enters into because a corporation is defined as a legal entity separate from its owners. 1-2. What does the phrase limited liability mean in a corporate context? Limited liability means that owners/investors are solely liable for the amounts they invested in the company; and owners/investors are not
Premium Corporation Tax Corporate tax
A point estimation is a sample statistic that gives a good guess about a population parameter. In the same way‚ a point estimate of the mean overpayment is simply a good guess about what the average overpayment for the population is. Investigating all 1‚000 claims and obtaining the overpayment amount for each would either be impractical‚ unfeasible or both. Thus‚ the auditor deems a sample size of 50 claims to be adequate and sufficiently representative of the entire population. The mean overpayment
Premium Arithmetic mean Statistics Sample size
Unintentional discrimination occurs when a company’s policies uncritically reflect prejudicial stereotypes yet do not involve overt racial prejudices of its managers or executives. Does legislation to verify voter identification fall under the domain of unintentional or intentional discrimination? Explain your views. In my opinion‚ legislation to verify voter identification falls under the domain of unintentional discrimination. In our text‚ it defines intentional discrimination as “Discrimination
Premium United States Racism Discrimination
In your opinion‚ what is the best way to reduce child labor for multinational corporations? How is the phenomenon of child labor viewed from your ethical perspective? Given the ethical perspective of a particular group to which you currently belong‚ or previously belonged‚ how would child labor be viewed? In my opinion‚ the best way to reduce child labor for multinational corporations is to help the host nations in stressing the value of education to its citizens and improving educational opportunities
Free Full-time Part-time Childhood
an audit for this company? Explain the reasons for your decision. Yes‚ audits exist because of regulatory mandate (required by government). There are three theories which propose reasons why demand for audits might exist without regulatory mandate: 1. Agency theory (The focus of the agency demand for auditing is more related to the stewardship role of accounting- which is more an examination of what has happened.) The separation of ownership and control of organizations has resulted in an information
Premium Audit Auditing External auditor
Imagine you are managing a design project that will create an interface for automobile mechanics. The interface would be used by the mechanics to look up various fixes and parts for any number of makes or models of automobiles that may come through their garage. Decide what usability measures would be most motivating when designing this interface and describe the unique challenges you would have to plan for when designing an interface for an automotive repair shop. Use supporting evidence to support
Premium Mechanic Auto mechanic
Essay Topics for CPHL 550 – Knowledge‚ Truth and Belief “Plan your work‚ work your plan”. – Vince Lombardi General Instructions Make sure to consult the Basic Style Guidelines Document and the Tips for Writing an Effective CPHL 550 Essay Document in order to confirm the details for each assignment (both the minor and the major essay) especially with respect to the minimal length requirement. Since there is no final exam in this course‚ your essay assignments need to be treated with the same attention
Premium Essay Critical thinking Writing
ECO 202 - WEEK 2 MEASURING MACROECONOMIC PERFORMANCE LECTURER: PHEH PIK TENG WEEK 2 – MEASURING MACROECONOMIC PERFORMANCE What is Gross Domestic Product (GDP)? • It is a measurement to determine the economic health of a country. • Economists take measurements of the economy to find out how the economy is doing. • GDP is the value of the aggregate production of goods and services in a country during a given time period. • It is the total market value of all final goods and services produced
Premium Economics Gross domestic product Macroeconomics
Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 8/3/2014 Points Received: 188 / 200 (94%) Question 1. Question : (TCO A) The Financial Accounting Standards Board employs a "due process" system‚ which: has all CPAs in the United States vote on a new statement. enables interested parties to express their views on issues under consideration.
Premium Balance sheet Income statement Revenue
Teeya Clarke MBA 621-Financial and Managerial Accounting July 11‚ 2015 Problem 2-3 Indicate the net effect on assets‚ liabilities and owners’ equity resulting from each of the following transactions: Assets=Liabilities+owners’ Equity 1. Capital stock was issued for $100‚000 cash This will increase assets by $100‚000 and increase equity by $100‚000 2. Bonds payable of $25‚000 were refunded with capital stock. The liabilities will be decreased by 25‚000 and increase equity by 25‚000 3. Depreciation
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles