Imagine you work for a privately owned company that sells home security systems and is seeking to open new locations in the five fastest growing cities throughout the United States. To succeed, the company plans to invest in a new technological infrastructure. Because the company does not have the required capital on hand to mov
At the end of 2007, Richards Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in its manufacturing operations. Given the nature of Richard's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2
Salaries: Administration Admin - 60,000, admin - 35,000, Asst. - 35,000, 2 secretaries - 42,000 , supplies - 35,000, adv - 9,000, accounting - 15,000, custodial - 13,000, security-12,000, consulting-10,000. Community Metal Health Salaries: 2 social workers - 46,000, transportation-10,000. Outpatient Mental Health: psychatr
Assignment: Select a very simple business, one with a single product or one with approximately the same contribution margin percentage for all products. Some possibilities are: A child's lemonade stand A retail video rental store An espresso cart A retail store selling compact disks An athletic shoe store A cookie
Imagine you are the Director of Internal Audit and executive management has asked you to work with the Chief Information Officer to evaluate the security over Information Technology. Write a report of no more than 700 words, outlining the components of an effective review of security and controls over IT. Distinguish between vul
BYP11-4 Marriott Corporation split into two companies: Host Marriott Corporation and Marriott International. Host Marriott retained ownership of the corporation's vast hotel and other properties, while Marriott International, rather than owning hotels, managed them. The purpose of this split was to free Marriott International
Roberts Company purchased a machine in January 2003 for $200,000. When originally purchased, the machine had an estimated useful life of five years and an estimated residual value of $30,000. The company uses straight-line depreciation. It is now June 30, 2006, and the company has decided to dispose of the machine. Calcula
Partnerships and S corporations: If I were to start a business with my sister and I contributed land and my sister contributed services, what type of business is best for us to start: a partnership or an S corporation? And can you explain to me why and what would the difference be.
How has technology changed accounting and the accounting profession over the centuries? How has it changed fraud?
1. How does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for E&P? 2. Distinguish between current and accumulated earnings and profits. Why is
The heights of a group of professional basketball players are summarized in the frequency distribution below. Find the standard deviation. Height (in.) Frequency 70-71 3 72-73 7 74-75
A company had 80 employees whose salaries are summarized in the frequency distribution below. Find the standard deviation. Find the standard deviation of the data summarized in the given frequency distribution. Salary (dollars) Employees 5,001-10,000 14 10,001-15,000 13 15,001-20,000
Please assist with the following. Wal-Mart's 2011 Annual Report has to be looked at to answer question. Attempted to upload but the report is 5 MB, which is over the max limit for BrainMass. Can be accessed through this link. http://walmartstores.com/sites/annualreport/2011/
Explain why manufacturing overhead costs cannot be directly associated with any particular product, and how such costs are allocated to each of several company's products under the so-called traditional approach to overhead allocation.
There is a certain amount of risk involved in doing business anywhere, internationally. Choose a country, and discuss the following: ?What are the political, cultural, environmental, economic, and trade risks present when doing business in the country as an outsider? ?What type of business would you do there in light of the
A new product has the following profit projections and associated probabilities: Profit Probability $150,000 0.10 $100,000 0.25 $ 50,000 0.20 $0 0.15 -$ 50,000 0.20 -$100,000 0.10 a. Use the expected value approach to decide whethe
Suppose you were appointed economic advisor to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of saving of its own residents and encourages foreigners to invest in their nation. What role would you assign to property taxes in this nation to achieve its object
You are a junior accountant at a small accounting firm. A partner of the firm has asked you to communicate the new Statement of Accounting Standards (SAS 115) regulationâ?"rules auditors have to followâ?"to certain groups and to explain how this change would affect these groups. The partner has asked you to create and submit a
OPTION 5 JUSTIFICATION REPORT Go to the library to review at least three current business periodicals in your chosen career area. Analyze the journals for possible adoption by your current employer. Then write a justification report to your manager, stating why your office should receive the magazine (whichever you choose).
Question 1. What are the characteristics of an efficient market? Please provide at least one citation.
Please explain how you calculated the social security tax and the Medicare. I know how to get the federal but not these two. Jones Company has the following employees on payroll: Semimonthly Withholding Marital Payroll Allowances Status Heather $4,50
Evaluating an Economic Event Today's accounting professional must be able to understand and critically evaluate a variety of contexts and situations to develop the best solution to a particular circumstance. Consider your professional experience and knowledge gained from reading as you answer the following Discussion ques
1.In The Performance Consultant's Field Book (p. 202) the author relates the scenario of an HR director who developed a new performance appraisal process Read the scenario. 2.Provide a one - two page analysis of what criteria is missing from the Director's proposal? What other measures would you include in order to make this
1) In the three depreciation methods you have learned, one is unique: - What is the name of this depreciation method? - What do you do with the Salvage Value at the beginning? - What do you with the Salvage Value at the end? 2) What are the two items on the Assets side of the Balance Sheet under "Plant and Equipment" t
Red Corp. constructed a machine at a total cost of $70 million. Construction was completed at the end of 2007 and the machine was placed in service at the beginning of 2008. The machine was being depreciated over a 10-year life using the straight-line method. The residual value was expected to be $4 million. At the beginnin
One of the more compelling financial fraud stories that unfolded in 2009 was Satyam Computers. Satyam plunged into crisis in January 2009 after its founder stated that the company's profits had been overstated by 97% and revenues by 76%. Satyam had about $672 million of fictitious and non-existent accounts including 13,000 gho
Explain what a Flat Income Tax System is and how it differs from progressive tax system?.What are advantages and disadvantages of a Flat Income Tax? Do you think that a flat Income Tax would be beneficial for the US? Support your conclusions by explaning why you think it would be beneficial or not.
What article or website would be helpful to anyone wanting to know more about forensic accounting? Explain what it is.
1. What are the tax year options available to a corporation? What about unincorporated companies? Is there a difference and, if so, why? What factors should be considered in electing the tax year? 2. What methods of accounting are available to a small business and to a large business? If the business decides to make an accou
3. The following information is available concerning the cash balance of the XXX Corporation on December 31, 2011. Cash balance per bank statement November 30 9852.46 Per bank statement December 31 11679.25 Per company records November 30 (adjusted) 10206.76 Per company records December 31, 2011 11306.74 Total re