Week Four Discussion Questions Tammy Jackson Accounting 561 March 26‚ 2013 Janice Mereba Week Four Discussion Questions Question 1: The components of the cost-volume-profit or CVP analysis has five components. The components are “volume (levels of activity)‚ unit selling price‚ variable cost per unit‚ total fixed costs‚ and sales mix” (Kimmel‚ etal‚ 2009‚ Chapter 19‚ Illustration 19-1). CVP analysis consists of target net income‚ income statement‚ margin of safety‚ and changes in the work
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of numbers when working in accounting. The three basic activities in accounting are identifies‚ records‚ and communicates. The four financial statements are income statements‚ retained earnings statement‚ balance sheet‚ and statement of cash flow. Internal and external users are the groups that review financial information (Weygandt‚ 2008). The preparation of financial statements‚ are in an uncomplicated layout‚ easy to understand. Reporting financial statement accurately is important because if there
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2 – Internal Control ACCT504 Elicia Myrieckes October 4‚ 2014 1. New Internal Control Requirements If the Company Decides to Go Public. If the company decides to go public it should include in its annual reports the company’s internal control over financial reporting. This report must include: a statement of management’s responsibility for establishing and maintaining adequate internal control over financial reporting; management’s assessment of the effective of internal control as of
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ETH 125 Week 8 Quiz # 5 Chapter: 17 Age and Disability This is a multiple choice quiz and each item is worth two points for a total possible of 60 points. There is only one correct response for each numbered item‚ and you should use the Schaefer text as needed to determine the best response. Please write the letter of your answer on the line next to each question or highlight your answer. Review your work prior to submission and make sure you have responded to all questions. Save your work
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Individual Assignment Week 2 Chapter 1 Exercise E 1-2‚ page 34. The following are users of financial statements: E_ Customers I Securities and Exchange Commission I _ Internal Revenue Service I Store Manager I Labor Unions E_ Suppliers I_ Marketing Manager _I_ Vice-president of finance I_ Production Supervisor (B) Instructions: Identify each of the following questions as being more likely asked by an internal user or an external user. _I_ Can we afford
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Assignment 1.1: Communication Process Model Directions: Think of a misunderstanding you experienced when communicating with someone else at work. Then fill in the blanks of the chart below. Misunderstanding 1 Who was the sender? A manager was the sender of the message. Who was the receiver? A peer was the receiver of the message. What was the message? A change in work schedule. What channel was used to send the message? The manger posted a bulletin. What was the misunderstanding that occurred
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Case Study 2-4: Better Boston Beans ACCT530 Accounting Ethics and Related Regulatory Issues Week 3 May 21‚ 2015 From the perspective of six pillars of character‚ if I were Cindie‚ I would be honest with Lyndell and tell him what’s been bothering me. Hopefully‚ by keeping quiet about him leaving early‚ he will feel that I’m trustworthy enough to tell me his problems‚ whether it’s drinking or any other problems he is facing in his life. I might be able to help him or at least come up with
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Text Book Exercises December 17‚ 2014 ACC/460 Ch. 1: Exercise 1-1‚ Questions 1‚ 3‚ 4‚ 5‚ 7‚ & 8 A - They have different missions (1) C - Provide services to constituents (3) C - There may not be a direct relationship between revenues raised and the demand for the entity’s services (4) B - GASB (5) D - Do not issue common stock (7) Ch. 2: Question for Review and Discussion 12. In addition to answering question 12‚ provide a response in 150-350 words differentiating between a budget and
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Designing Internal Control System To Minimize Fraud And This paper gives an introduction to Microfinance Institutions (MFIs) informal financial service delivery mechanism which are not under any regulatory framework like the formal sector. So‚ there is a necessity to internalize a built-in internal control system through self-regulation to mitigate exposure to risk in MFI. In 2.0 sound and reliable management system for MFIs through self-regulation are discussed. Section 3.0 discussed under internal
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There are a lot of different ways of developing effective competitive marketing strategy‚ there has to be a balance between the creative side and the formulated side of marketing. There are many different strategies‚ which we won’t discuss in this assignment because it doesn’t add to the definition of a sustainable competitive advantage. Competitive positions: Lastly there are the different competitive positions: 1. Market Leader: The company with the largest market share. 2. Market Challengers: Runner-up
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