Tae Woong Kwak Instructor: Bruce Darling ACTG 440 Case #3 Due: June 1st 2015 1. The treasurer of a small city. a. The risk is associated with the lack of segregation of duties and the potential of the treasurer to authorize the use of funds without any outside review. b. Yes‚ the auditor should have discovered this defalcation. The defalcation would most likely have been uncovered by performing a simple analytical test of multiplying the asset amount (certificate of deposit) by the applicable interest
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Cost of Debt and Cost of Equity: Cost of Debt is the interest rate and the Cost of Equity is the expected rate of return demanded by investors in the firm’s common stock. The issue at hand is finding the correct costs of debt and equity in order to find an accurate calculation of WACC. Cohen used the 20-year yield on U.S. Treasuries as the risk free rate‚ which we found to be the correct figure given that Nike Inc. debt was valued over 25 years. Because there is no other given yield that is comparable
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COMPANY Case Harrah’s Entertainment: Hitting the CRM Jackpot Joseph‚ a 30-something New Yorker‚ recently went on a weekend trip to Atlantic City‚ New Jersey‚ where he hoped to stay at one of his favorite Harrah’s resorts and enjoy some gaming and entertainment. Unfortunately for Joseph‚ he picked a weekend when all the hotels were booked solid. But after swiping his Harrah’s Total Rewards card to play the tables‚ the pit boss came by and directed him to the front desk. He was told that a
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of 2.3 million doctors in China were very low compared to other professions. They were also banned from taking on side jobs to support their incomes. Some hospitals tried to take advantage from these unfortunate circumstances by placing additional costs on drug sales and promising commissions for their staff doctors when a specific amount of drugs were sold out. The bribery practices believed to be a common thing among hospital staffs and China’s domestic manufacturers. The irony‚ China is a big
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MANAGEMENT ACCOUNTING Information for Decision-Making and Strategy Execution SIXTH EDITION Anthony A. Atkinson University of Waterloo Robert S. Kaplan Harvard University Ella Mae Matsumura University of Wisconsin–Madison S. Mark Young University of Southern California Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City S~ Paulo Sydney Hong Kong Seoul Singapore
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department over-budget‚ and could jeopardize the company’s ability to show a profit this year. 1. Clearly state the problem/dilemma in this case 2. Identify the stakeholders in this case 3. Develop 3 different alternatives‚ and evaluate each with pros and cons 4. Recommend which alternative Claire should choose‚ and explain why 1. The problem/dilemma in this case is that Claire is faced with the decision as to whether or not she should spend money on new technology that will reduce the level of a particular
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on Wednesday‚ I will assign you to a team. 3) Follow the instructions on the course announcement page to complete your personal web page. Differences between Financial and Managerial Accounting 8/16 Th. Handout – Advice on Using Your Textbook Ethics‚ The Value Chain Handout – Chapter 1 Learning Objectives HDR 1 1) Do problem 1-29 (Assume the earnings subject to discussion are reported on the financial statements.) 2) Do the Gibson Guitar Case (in the Bel-Jean handout packet or under the
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3.Segregatin of functions 3. C 4.Cancellation of documents C 5.Prenumbering of documents for accounting sequences C 6.Internal verification of documents C C C C C 7.Chart accounts C 8.Processing for procedures C 9.Monthly reconciliation of Accounts Payable Master file with the general ledger C Deficiencies* 1. 2. 3.
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Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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Managing Cost of Quality: Insight into Industry Practice Andrea Schiffauerova *‚ Vince Thomson ** * École Polytechnique de Montréal‚ Department of Mathematics and Industrial Engineering‚ Montreal ** Department of Mechanical Engineering‚ McGill University‚ Montreal‚ Canada Article Reference: Schiffauerova‚ A. and Thomson‚ V.‚ “Managing cost of quality: Insight into industry practice”‚ The TQM Magazine‚ 2006 Abstract This paper reports on the study of the quality costing practices at four large
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