Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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|Capitalization Period | |Weighted-Average Accumulated Expenditures | |Date | |Amount | | | | | |3/1 | |$1‚800‚000 | |10/12 | |$1‚500‚000 | |6/1 | | 1‚200‚000 | | 7/12 | | 700
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INTRODUCTION From natural gas‚ crude oils‚ and other fossil materials such as coal‚ few intermediates are produced that are not hydrocarbon compounds. The important intermediates discussed here are hydrogen‚ sulfur‚ carbon black‚ and synthesis gas. Synthesis gas consists of a nonhydrocarbon mixture (H2‚CO) obtain- able from more than one source. It is included in this chapter and is fur- ther noted in Chapter 5 in relation to methane as a major feedstock for this mixture. This chapter discusses
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chapter 3 Exe# 6 In question direct labor hours is not given‚ we can find D.Labor hours through this formula Direct labor cost = 40000 = 6250 Hours Per D.Labor hours rate 6.40 1) Prime Cost (2) Conversion Cost Material opening 24000 Direct labor 40000 + purchase 56000 FOH Applied Material available for use 80000 6250 Hours@ 8 50000 - Material ending (20000) Conversion cost 90000 Material used 60000 + Direct labor 40000 Prime Cost 100000
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1. He didn’t pass his driving test. He wishes he _____ it. A) have passed B) had passed C) will pass D) pass 2.I have to work about 80 hours a week‚ so I’m very busy. But if I_____ any spare time‚ I _____ a sport like golf. A) will have / will take up B) had / will take up C) will have / had D) had / would take up 4. He ______ in the library every night for the last two months. A) would be studying B) will have studied C) has been studied D) has been studying 5.A: Would
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Online shoppings is the best worldwide trading.There are several common problems could go wrong with online shopping in which dealing process easy to be cheated‚ payment process is complicated‚delivery process go wrong. Dealing with online shopping is easy to be cheated.for example we do not know what is the condition of the item.besides that dealing on online shopping can revealed people to be cheated if we have pay for the item‚but the item we not received.we must know we dealing from whom.otherwise
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ECS2730 ASSIGNMENT Question one a) Different sources had varying figures in terms of acquiring the macroeconomic variables. b) The following graph show the GDP growth rate‚ GDP per capita growth rate and the inflation rate of Nigeria. From the graph it is not easy to see the changes (in terms of figures) in the variables therefore‚ the table below shows how the above variables have changed over time. Year Real GDP growth rate (annual %) GDP per capita growth (annual %) Inflation
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Inventory 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $21‚000 4/19 Purchase Sunset 21‚800 6/7 Purchase Earth 31‚200 12/16 Purchase Moon 4‚000 Woods and Moon were sold during the year for a total of $35‚000. Determine the firm’s a. Cost of goods sold.
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information that is useful in investment and credit decisions‚ (2) information that is useful in assessing cash flow prospects‚ and (3) information about enterprise resources‚ claims to those resources‚ and changes in the resources and claims to resources. 10. The creation of the Accounting Principles Board was intended to advance the written expression of accounting principles‚ to determine appropriate practices‚ and to narrow the differences and inconsistencies in practice. To achieve its basic
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Good afternoon to my lecturer and my fellow classmates. I am Zhi Qing from DACP 02 and I am going to present about a movie entitled ’The Hunchback of Notre Dame’ released by Disney in the year 1996. Disney had been focusing on more fairytale-like stories such as Snow White‚ The Little Mermaid and Cinderella so in comparison this movie is quite unconventional as it highlights the theme of discrimination towards people with deformities. This movie is set in Paris during the middle ages. The main character
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