Use the following to answer question 1: Marger‚ Inc.‚ provided the following data for two recent months: [pic] |1. |Which of the following classifications best describes the behavior of Cost T? | |A) |Variable | |B) |Fixed
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Tort Liability and Contract Liability A tort is a legal term for "a wrong." The "tort law" is composed of state statutes and court decisions that gives one the right to sue someone who causes harm to them‚ whether it’s a drunk driver‚ a corporation that manufactures a defective product‚ a credit card company that overcharges you‚ or a government bureaucrat that breaks the law or a school official such as a teacher or principal. The law of the state in which the school is located determines a school’s
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Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
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2006‚ the Securities and Exchange Commission (SEC) brought charges against Waste Management and some of its executives. You must research these charges and answer the questions below. Review the SEC Release 1532 here. In a well-structured analysis‚ you will answer a set of questions regarding the case against Waste Management. Begin your research in Module Eight. Use any additional resources presented and the Waste Management financial statements and reports as needed. The Analytical Procedures Worksheet
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Donna Sanders Financial Statement Fraud Week 12 There are many things that can motivate financial statement fraud. Taking a look at Donald Cressey’s hypotheses which is now known as the fraud triangle depicts the certain criteria for the mind frame of the fraudster. The fraud triangle is a theory that consists of perceived pressures‚ perceived opportunity‚ and rationalization. It gives us the different pressures placed on individuals that would make them consider “cooking the books.” It also
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each part relevant to the understanding of responsibility and liability in the company by the company management. Introduction- will provide some information in the relation to the financial information. Why do we need it and how it has been develop across the years? It will also provide the base understanding of why we need the financial report and how he affects the responsibility or the liability of the company management. Liability versus responsibility- will provide some basics understanding
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MANAGERIAL ACCOUNTING ASSIGNMENT NO1 STUDENT:0705080/1 QUESTION 1 (B) Evaluate the auditor’s role in the certification of the financial statements and conclude whether its work is effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES
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customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
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electronic wastes. E-Waste refers to electronic products nearing the end of their useful life which includes computers‚ printers‚ scanners‚ or any electronic products. Today‚ the world has been embracing the age of technological changes. Such changes are adopted by various business establishments particularly Internet Cafes; leading them in replacing obsolete electronic equipments to newer ones ‚ creating large tons of e-wastes‚ which in turn demands the challenge of having a proper e-waste management
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taxes | | 1600000 | Income Taxes 30% | | 480000 | Net income | | 1120000 | Scenario: The sales agents want sales commissions increased to 20%‚ this will caused the commission to agents would increase to $3‚200‚000 (20%X $16‚000‚000). The management of Pittman Company suggested to employ company’s sales force and incurred $2‚400‚000 fixed costs for the sales force. Besides Pittman Company would also save $75‚000 a year because no need to pay the audit firm for check out the agent reports‚ so
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