As an accountant, if you had a choice of working with one of the boards, FASB, GASB, or IASB, which one would you work with?
What are the controlling accounts and subsidiary ledgers? What is the relationship between them?
How do technology-based information systems affect accounting. What impact have they had on the role of accounting in business?
Please help me with a comparative analysis between Monro and Tenneco for the type(s) of retirement plans offered and the funding status of each plan. 1) Calculate the PBO (projected benefit obligation) and the FVPA (fair value of the planned assets) 2) Is the plan over or under funded? 3) Other post-employment benefits
Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983s. In fact, it is often said to provide a solution which enables small business people to borrow capital to purchase fruit, livestock and materials without being exposed to unscrupulous or violent lenders. However to
King, Inc., a sucessful Midwest firm, is considering opening a branch office on the west coast. Under normal economic conditions, with a 45% probability of occurring, King can expect to earn a net income of $50,000 per year. In a mini-recession, at 25% probability, King will earn $20,000. In a severe recession, at a 20% probabil
Information on shareholder's equity as currently shown on the books of a corporation is given as: Common shares ($2.00 par value) $350,000 Capital in Excess of Par $0 Retained Earnings $7,800,000 From this information, calculate the corporation's book value per share.
Axes are a part of fiscal policy and very controversial. Some politicians want to raise taxes for incomes over $250,000, representing the 2% highest incomes, and would also include budget cuts of approximately $4 trillion over the next 10 years. Another proposal wants to lower the maximum tax rate from 35% to 25%, leaving tax ra
1.) When can information about two operating segments be aggregated? 2.) How is accounting for pensions different than accounting for other post-retirement benefits? 3.) The controller of a public company commented that if the company needs to disclose the company's segments individually, the only people who will gain are
ABC Corporation reported net income of $300,000 for 2011. Changes occurred in several balance sheet accounts as follows: Equipment $25,000 increase Inventories $20,000 decrease Accumulated depreciation $40,000 increase Accounts receivable $15,000 increase Note payable $30,000 increase Accounts payable $5,000 decrease
Margaret Avery Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2011, the company expends $325,000 on a reserch project, but by the end of 2011it is impossible to determine whether any benefity will be derived from it. a) What account should be charged for the $3
Prepare the entry to record the purchse of Terrell Galleries on Graf's books Graff and Terrell agree that: 1. Land is undervalued by $50,000 2. Equipment is overvalued by $5,000 Terrell agrees to sell the gallery to Graf for $380,000 Terrell Galleries
Assess the financial position of Textron in comparison to Gulfstream. The emphasis is on cash flow for this analysis. 1) Compute the return on assets, profit margin and asset utilization rate for Textron and Gulfstream. 2) Assess Textron's competitive financial position. 3) Compute the free cash flow for Textron and Gulfstre
You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concerns?
You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concer
The V. Coles Corp. is considering two mutually exclusive projects. The expected values for each project's cash flows are as follows: Year Project A Project B 0 ($1,000,000) ($1,000,000) 1 500,000 500,000 2 700,000 600
Providing language and cultural training for employees is big business. If you were going to write a class on how language affects intercultural business communications, what would your lesson plan look like? What would your students need to know in regard to high- and low-context language, language diversity, interaction, n
How the Mighty Fall The format for your report should be as follows: • Double spaced • One-inch margins • Title line on first page only • Proper grammar and punctuation • Proper citation, if necessary • Report length: from two to three pages, total (see below) The Assignment: Prepare a report with the
Fraser Products, Inc, which produces copy machines for wholesale distributors in the Pacific Northwest, has just completed packaging an order from Kent Company for 150 Model 14 machines. Direct materials, purchased parts, and direct labor costs for the Kent order are as follows: Cost of direct materials $17,450 Cost of
Big Thunder Co. incurred the following costs during April: Raw materials purchased $99,225 Direct labor ($15 per hour) 123,750 Manufacturing overhead (actual) 303,175 Selling expenses 67,050 Administrative expenses 33,075 Interest expense 11,490
A firm sells its $1,180,000 receivables to a factor for $1,132,800. The average collection period is 1 month. What is the effective annual rate on this arrangement? (Round your intermediate calculations to 4 decimal places. Round your answer to 2 decimal places.) Effective annual rate = _______________ %
Briefly discuss the economic, political, educational, family, and marital systems of a country of your choice.
Briefly discuss the economic, political, educational, family, and marital systems of a country of your choice. When doing business in the chosen country, what kind of social hierarchies and social interactions should you be aware of? What kind of management style would you use to be most effective given the cultural attribut
Using the table below, answer the following sample problems. 1. What is the percentage of R&D relative to net revenues in 2008? 2. What is the amount by which property, plant, and equipment decreased during 2008 (from depreciation, asset sales, and similar transactions)? 3. What is the change in total liabilities from 2004
Define restricted and unrestricted assets. Provide examples. What are advantages of possessing and utilizing restricted assets to non-profit financial management?
How should Angela account for the toy promotion campaign in this year? What would be the other side of the entry??
This year, Angela began promoting a new toy by including a coupon, redeemable for a movie ticket, in each toy's carton. The movie ticket, which cost Angela, $2, is purchased in advance and then mailed to the customer when Angela receives the coupon. Based on past experience, Angela estimated that 60% of the coupons would be rede
Lietz Corporation has provided the following data concerning manufacturing overhead for January: Actual Manufacturing overhead incurred 52,000 Manufacturing overhead applied to Work in Process 75,000 The company's Cost of Goods Sold was $369,000 prior to closing out its M
If limited liability companies (LLC) and S corporations are both taxed as flow-through entities for tax purposes, why might an owner prefer one form over the other for tax purposes? List the tax factors supporting the decision to operate as either an LLC or S corporation.
solve this problem attached Nolan Inc. makes a product with the following standard costs: The company reported the following results concerning this product in August. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the ma
See the attachments. 1. The key elements of a pluralistic society are decentralization and diversity of power. Using what you know about American society, do you consider it to be a pluralistic society? Why or why not? 2. The primary argument for corporate social responsibility states that for business to have a healthy cl
Question 1. A grocery chain is considering the installation of a set of four self-checkout lanes. The new self-checkout lane setup will replace two old cashier lanes that were staffed by a cashier and bagger on each lane. They work 8-hour shifts. For the new self-checkout system, one cashier staffs all four self-checkouts (an
2) Cosider the network pictured below with task durations in days as follows: A=2, B= 6, C=5, D=2, E=6, and F=1 a) Enumerate all paths and their duration through this network b) Calculate the critical path for the network c) What is the minimum duration of the project? d) How much slack exists at each activity A-------