The Thomas Company is in the process of developing a revolutionary new product. A new division of the company was formed to develop, manufacture, and market this product. As of year-end (December 31, 2010), the product has not been manufactured for resale; however, a prototype unit was built and is in operation. Throughout 20
What are the main approaches for setting transfer prices? How can the problems that these approaches create be reconciled between the selling and buying divisions?
The Code's "integration" or "permitted disparity" rules permit an employer's allocation or benefit accrual formula to provide a lower rate for a participant's compensation at or in excess of Social Security's maximum taxable wage base than for compensation below this maximum taxable wage base. Why? What does this mean for the em
The following is an excerpt from a conversation between two employees of Linquest Technologies, Don Corbet and Rita Shevlin. Don is the accounts payable clerk, and Rita is the cashier. Don: Rita, could I get your opinion on something? Rita: Sure, Don. Don: Do you know Margaret, the fixed assets clerk? Rita: I know wh
1. What is XBRL? How will it effect financial reporting? Please Explain. 2. What are the main types of accounting software used in a restaurant setting or organization? What are the benefits and limitations of this software? Please Explain. 3. What are some of the hardware components of the PC at work? How are they differe
Provide an article summary on the following article http://www.areadevelopment.com/AssetManagement/jan2011/new-lease-accounting-paradigm54993.shtml
Raddington Industries produces tool-and-die machinery for various manufacturers. Two years ago, the company expanded vertically by acquiring Regis Steel Company, one of its suppliers of alloy steel plates. In order to manage the two separate businesses, the operations of Regis Steel are reported separately as an investment cente
Why are fringe benefits provided by employers to employees more valuable to those employees than if the employer simply gave the employees the money necessary to purchase those fringe benefits?
How do Cafeteria Plans benefit employers? How do they benefit employees? Please answer questions and provide supporting resources.
What are the 6 principles in the AICPA's CPC and the purpose of each principle? Can you also please help me find three companies of codes of conduct of major public U.S. companies?
Wyco Company manufactures toasters. For the first 8 months of 2011, the company reported the following operating results while operating at 75% of plant capacity. Sales (400,000 units) $4,000,000 Cost of goods sold $2,400,000 Gross profit $1,600,000 Operating expenses $900,000 Net income $700
Braemar Saddlery uses department budgets and performance reports in planning and controlling its manufacturing operations. The following annual performance report for the custom saddle production department was presented to the president of the company: Budgeted Costs for 5,000 Units Per Unit (see attached for better form
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair
1. Why would an organization want to integrate its IS functions? Please explain 2. How do information systems increase the efficiency and effectiveness of business processes in accounting functions? Please explain 3. What are the advantages and disadvantages of using real time versus batch accounting information architectu
The Warner Corporation has a gross income of $560,000. It has business expenses of $325,000, a capital loss of $20,000 and $2,500 of interest income on temporary investments. What is the corporation's taxable income?
The following conversation took place between Dean Lancaster, vice president of marketing, and Dina Conaway, controller of Redwood Computer Company: Dean: I am really excited about our new computer coming out. I think it will be a real market success. Dina: I'm really glad you think so. I know that our success will be de
Please See Attachment For Case Study 1. If you were Palmer at the end of the case, how would you respond? 2. What, if anything, could Palmer have done to avoid losing Olds? 3. What advantages and disadvantages of a matrix type organization are apparent from this case? 4. What could the management at M&M do to more effe
Discuss accounting techniques in general as they relate to the profession. Some things to discuss are the different accounting roles and positions that are out there and how you see yourself fitting into those roles based on what you have learned over the past couple of years.
Your client is a nongovernmental not-for-profit museum that operates a gift shop. Explain the unrelated business income tax to your client and suggest ways to avoid this tax.
Using the material from The State of Accounting in Egypt: a case from the Journal of Business Cases and Applications, discuss the problem of cultural mistakes and cultural challenges faced by Egypt in changing its accounting systems and standards.
QUESTION 1. Each unit of Product Omega requires 3 kgs of raw material. Next month's production budget for product Omega is as follows: Opening stocks: Raw materials 15,000 kgs. Finished units of Omega 3,000 units Budgeted sales of Omega 60,000 units Planned closing stocks Raw
Determine who is responsible for income inequality and wealth distribution in the U.S.?
Please identify two relevant and two non-relevant costs for a recent decision at First American Title Insurance Company.
One specific tax deduction being discussed is the elimination of the homeowner interest tax credit. This proposal is strongly rejected by the National Association of Home Builders (NAHB). What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?
Discuss the more 'hands on' day to day details of your experience as an Oracle Functional Consultant. You should be prepared to give examples of everyday work situations in addition to providing specific details around skills, tools, work strategies, technologies, processes, team lead and project management experience as applica
Explain the relationship between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). References to be used: 1. http://www.journalofaccountancy.com/news/20125579.htm 2. http://www.accountingtoday.com/news/FASB-Revises-Proposed-Changes-Financial-Instruments-Accounting-Sta
Why might overhead be under-applied and how can you prevent it? Explain predetermined overhead rate and show its computation. What is the best allocate base to use and why? What factors do you consider when deciding on an allocation base?
Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.
1) Receiving a cash dividend from an available-for-sale investment requires the following journal entry: A) a debit to Cash and a credit to Dividend Revenue. B) a debit to Cash and a credit to Unrealized Gain on Investments. C) a debit to Unrealized Gain on Investment and a credit to Dividend Revenue. D) no journal entry. In
Require assistance in calculating operating income impacts. The following product line information is for the Home Deal Company. The company is considering dropping its Children's product line due to poor operating income performance. Fixed expenses are allocated to each product line based on sales revenue. ...............