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  • The Aviation Security in the Wake of the Terror Acts

    This was done by employing advanced screening procedures among baggage and passengers. The act also comprises of provisions ordering TSA to make initiatives for enhancing the security of the airport facilities, access controls of computer systems and the workers of the airport. In line with the aggravating situation of terrorist scare, the General Accounting Office (GAO) was tasked to take charge of evaluating the efforts of TSA in the following: (1) assessing the security of the airport facilities and the access control that regulate the admission to secured areas of the airport. (2) assisting the airports in the implementation and improvement of the security in the airport facilities and access…

  • The Economic Development of China

    The paper states that although China has lost one-fifth of its agricultural land due to environmental degradation and economic development since 1957, still the government has taken the initiative to rectify these damages through reforestation and other methods. Focusing into the economic conditions of the country, we notice that real gross domestic product (GDP) from 1979 to 1999 was growing at an average annual rate of 9.7 percent, (China- Overview of Economy, n.d.) leading China as one the speedy growing economies. China’s rapid development has helped 200 million people to come out of poverty according to the World Bank Report. The first of economic reform of China commenced in 1978…

  • Energy Drink Industry Developing a Challenging Marketing Plan

    Market analysis is the major segment of a marketing campaign, especially for a new product. No marketing campaign can yield the desired result if the marketers fail to analyze the market properly. No matter what size the firm, a marketer’s decisions affect—and are affected by—the firm’s other operations. Marketing managers must work with financial and accounting officers to figure out whether products are profitable, to set marketing budgets, and to determine prices. They must work with people in manufacturing to be sure that products are produced on time and in the right quantities. Marketers also must work with research-and-development specialists to create products that meet consumers’ needs (Solomon et al,…

  • True Cost of King Plc

    Based on the information provided, the study analyzes the traditional costing method used for financial accounting and the direct costing approach recommended in management accounting. Other methods of appraisal are also reviewed to determine the appropriateness of measure for King Plc.The underlying problem of the management is how to apportion and allocate the overhead costs into the two production centers after the introduction of the new product line. To resolve the issue, the management decided to apportion the overhead costs into the four cost centers quarterly as follows:The management had also simplified the allocation and spread it into the two production centers, namely £50,000 each for the low tech and…

  • Management Accounting and Traditional System Appraisal

    In reality, different drivers of factory overheads such as machine setups, special storage, unique inspections and special handling drive the cost. Thus, it is difficult to allocate cost to the diverse activities undertaken in meeting the diverse customer demands using a single activity of machine hours consumed.Similarly, containing all the costs incurred in undertaking the diverse activities in a single cost to allocate the costs by dividing with machine hours used in the production process is erroneous under the traditional system applied by the firm (Gediehn, 2010). The approach gives an average rate to be employed in the different products despite of the complexity and number of activities performed. This…

  • Provide a justification for qualitative research in organizations

    Therefore, qualitative researchers apply diverse methodologies and techniques in effort to understand and interpret particular elements in a particular area of focus. Some of the methods applied include primary and secondary methods of collecting information, such as interviews, questionnaires, observations, transcriptions, historical sources and recordings. Other methods including conducting experiments, taking field studies among other methods. The information collected undergoes a series of analysis to elucidate themes relevant to the objectives of the research. The wider the methods of collecting information, the greater the possibility of getting more reliable information about a particular phenomenon than using limited methods of obtaining data. This enhances our understanding of particular operations and process…

  • Activitybased costing Starbucks Company’s case

    This study looks into Starbucks Company buys and roasts the high-quality whole bean coffees and together with other products such as tea beverages, handcrafted coffee, and a number of fresh foods, they are sold by the company via the retail sores operated by Starbucks. The company also produces and sells a variety of beverages that are ready-to-drink. The channels that are outside of the company-operated retail stores are all known as specialty operations collectively. The company generates its revenue via the company-operated retail outlets or stores and the specialty operations. The specialty operations comprise of the retail stores that are licensed by the local business partners, tea and packaged coffee…

  • ASC Research F

    The rationale behind treating this division as discontinued operation and held for sale has been discussed here and reporting of the position of financial statement for such division has been explained. A component of an entity can be considered discontinued operation if it does not have any involvement with the operation of the component after the disposal transaction. The sale of such asset or disposal group is probable or likely to occur and the transfer of such asset is expected to qualify for recognition as a complete sale within one year. Again the sale has been actively marketed at a reasonable price in relation to its current fair value. The…

  • The Accounting Systems of the Company

    The administration of this Brand Learning Partners includes an operating board comprising six members. Among them are Andy Bird and McEwan who are the Managing Director amp. Founding Partners. The executive team has five members. The Marketing Capability team has around twenty-four staff. There are also two learning directors, six Associate directors and twelve members in the client support team. The other disciplines include the Human Resource capability or support team, business operations support team and other specific consultants. The Finance Department of the Brand Learning Partners company includes Financial Controller, Finance Controller Assistant and four Finance Assistants. The company has been divided into some four clusters. Each finance assistant…

  • Fraudulent Financial Reporting

    According to the ACFE 2006 survey, ten percent of reported occupational fraud cases are financial statement fraud. This is not the most common type of occupational fraud but according to the certified fraud examiners (CFEs) it is the most costly. the median loss due to financial statement fraud was $2,000,000 while the median loss for asset misappropriation was $150,000 – thirteen times greater (ACFE, 2006). According to the ACFE 2006 survey the most common manipulations of fraudulent financial reporting are: (1) reporting fictitious or overstated revenues. (2) concealing or understating liabilities or expenses. (3) timing differences recording revenues or expenses in the incorrect period. (4) improperly valuing assets. or (5)…

  • Out of This Furnace by Thomas Bell

    Lecturer: Out of This Furnace by Thomas Bell Out of This Furnace by Thomas Bell is set in Braddock Pennsylvania and was publishedin 1941. Bell talks of steel companies that were present during that time. The novel is based on his family and its generations from 1881, steel workers and their struggles. The steel companies that were operational during that time made huge profits by engaging in a number of activities. First, a steel company had to have a good cost accounting system. This would enable the company to balance between its expenditures on workers and other operations and the earnings that it made from the steel business. After defining…

  • Final Exam Operations Management

    All the players have a critical role in the creation of quality goods and services. For smooth operations among, the players information has to fro to and fro on a timely basis. Human beings differ in thought, and therefore, to harmonize their roles in value creation one has to manage the chain. The critical activities cannot operate in a vacuum and thus will require other supporting processes like accounting and finance. The overall upper management tries to ensure the critical activities, and the supporting activities communicate seamlessly.At this point, one should understand why operation management is vital. Other than leading one to career in future, the benefits are beyond measurable…

  • Company Financial Accounting and Reporting Is Regulated by a Variety of Sources

    Earlier, in the absence of a fixed set, various organizations followed their own practices framed according to their own convenience. This dissimilarity in the accounting policies resulted in various problems and thus made it imperative to develop and amend the accounting standards after analyzing the international accounting standards and external environmental factors. All the listed companies were asked to follow these accounting standards for maintaining their accounting transactions and developing financial reports. These accounting standards were introduced to enhance the credibility and reliability of the financial statement developed by the listed companies of a nation. All the listed companies were asked to follow these accounting standards for maintaining their accounting…

  • Cyclical Frictional and Structural Unemployment

    Fifty percent, 10 percent, 30 percent and 10 percent of the total U.S unemployment accounts for unemployed persons due to layoff, those who have already quit their previous jobs, those reentering the labor force and new entrants to the labor force respectively. According to the Bureau of labor statistics, the number of unemployed persons in the U.S stood at 11.7 million while the unemployment rate stood at 7.6 percent in March 2013. This was a decrease from 7.7 percent in the previous month. In March 2013, the unemployment rate for adult males was 6.9 percent, adult females 7.0 percent and youths 24.2 percent. Categorized according to race, the unemployment rate…

  • Asylum Seekers and Refugee in Britain

    On the contrary, the definition is insufficient to signify violation of individual human rights or to show that he or she has been prosecuted by the state. In that case, if an individual’s case for seeking asylum is not conventional, she or he is not granted with humanitarian protection or decretory leave. There exist various reasons why there is an increment in number in terms of individuals seeking asylum in Britain. Young people and children seeking refuge in Britain is not a phenomena that is new. It has occurred over decades. Majority of them evade from situations such as economic hardship, abuse and war (Cool 2001, p.840). Nevertheless, in the…

  • Business Ethics Case Study Accounting

    The general manager identified the current hazardous waste disposal produce as an area in which the company could save money. Mr. Hendricks identified equipment that would give the company the capacity to recycle the solvents. He consulted two industry experts to estimate the cost savings the company would obtain by acquiring the equipment. The experts disagreed on the amount of savings to the company. The lower estimate of cost savings would increase the net income of the company, but the decrease its return on investment due to the high acquisition cost. The greater cost saving estimate increased both the net income and return on investment of Tie Chemicals.Mr. Hendricks is…

  • Work Labor Play by Auden

    nished object, product or durable object. The focus is more on the activities making up the process of producing something rather than on the ?nished object (Maycroft). In other words, work can be said to be done if a finished product is obtained out of the work. On the other hand, it is not necessary that labor produces any finished product. According to Stephen Palmquist, labor is any form of life-sustaining effort that is rooted in the biological process. Work is any form of creative productivity that results in worldliness (Palmquist). In scientific terms, work is said to be done only of the object changes displaces from its initial position.…

  • Information Systems and Processing Controls

    Moreover, they provide balances and checks that are only spotted on calculation errors in the business books, and the also the mismatched entry of items. According to Tyler (2013) found out that audit software aided the auditor in generating models and simulations that are of help to study the financial approach of the business, and how it can be restructured. In addition, the auditor can also use the model to judge the potential risk that is posed by the current system.The computer-assisted audits lead to increased accuracy of the audit results by reducing the overall time spent on transactions. It also lessens disruption to business activities by reducing the amount…

  • About the Investment Options

    Mutual Fund is a professionally managed pool of assets. Assets are collected from many investors. It is then invested in equities, bonds, money market instruments and other investment options. Mutual funds are open-ended or closed-ended investment options. The option to pull back the investment amount anytime is available with the investors. The number of units to be allotted for any individuals depends upon the amount of investment and the prevailing NAV of the company in the market. Suppose, £500 is invested and the present NAV of the company is £5. The number of allotted units to the investor will be (500/5 £) 100. The investor has to pay a nominal…

  • The adding machine by Elmer Rice

    The Adding Machine by Elmer Rice Elmer Rice’s play, The Adding Machine, is set in a workplace context. The emergence of an adding machine results in an unprecedented conflict between Mr. Zero and his boss. This follows his reaction to the fact that his 25 years of accounting would be replaced by an adding machine (Gabrielle and Sprinchorn 281). Being Mr. Zero elicits a number of means relative to the context within which Mr. Zero is presented. To be Mr. Zero means the ability and capacity to work. He has practiced accounting for 25 years, showing that he had the ability and capacity to work.Most importantly, being Mr. Zero is…

  • Foreign Currency Transactions

    Foreign Currency Transactions PART UNIT 2 Determine the eliminating entries necessary for the 20X9 consoli d financial ments Eliminating entries, august 18, 20X9.E (1) outstanding bonds 1,000,000Adam Corp share 80% *1,000,000 = 800, 0000Eliminating Adam Corp 200,000At times, work paper adjustments to accounting data may be needed before appropriate eliminating entries can be accomplished (Copeland, 2008). The need for adjustments generally arises because of in-transit items where only one of the affiliates has recorded the effect of an intercompany transaction.E (2) inters accrualInterest 100,000Accrued interest 12,500Eliminating accrued interest 87,500E (3) Cartwright from Adam CorpInitial investment 25,000Outstanding bond 245,000Eliminating outstanding bond 5,000Consolidated financial statements serve to present the results of operations,…

  • Potential Deliverables in the Arrangement HomoTech Inc

    Potential Deliverables in the Arrangement: Homo-Tech Inc. Q1. Hemo identified the five units of equipment, 50 boxes of equipment supplies, installation, one-year monitor and test services, and three-year screen and report services as deliverables in the arrangement. Has Hemo identified all the potential deliverables in the arrangement? If not, what are the other potential deliverables? Explain how you determined whether an item is a deliverable.Though Hemo identified these deliverables, they did not exhaust all the deliverables which are possible with the agreement. There are other deliverables which are possible in the agreement. Examples of these deliverables are the payment by Extract for the upgrade of materials based on the fact…

  • Risks Associated with the Internet as Part of a Business Solution

    On the other hand, with frequently growing dependence on the Internet, this technology turns out to be the central infrastructure for the majority of necessary business tasks, as a result making them more susceptible to considerable Internet disturbances. Without a doubt, a variety of security threats and risks exist in all areas of the Internet, and the business processes that make use of the Internet. In this scenario, some of the probable risks and security challenges can comprise disruptions caused by coding error, malicious code, natural disasters that have significant impacts on fundamental Internet routers and hubs, and security attacks and threats posed by terrorists or other attackers. In case…

  • Problems at Accounting for Small Business

    A contract between employer and the employee has an Inequality of bargaining power since the employer holds more power to influence the position of the contract.3 The inequality of bargaining power between the employer and the employee necessitates the need for an employment contract to impose the terms of employment and where necessary use it in court to enforce the employment terms. This paper examines legal issues between employees and the employers in the case study of Accounting for Small Business (AFSB) Company.Raj had worked for the AFSB for three years and had an excellent work record during that period. He came into conflict with Sarah for attending his work…

  • What is The Cash Flows

    The investment must be done in those opportunities where the NPV value is highest and in this situation spending money on project Alpha will result in highest NPV.The four main investment appraisal technique methods are Payback Period (PP), Accounting Rate of Return (ARR), Net Present Value (NPV) and Internal Rate of Return (IRR). The four main investment appraisal methods used are segmented into two techniques. Non-discounted cash flow technique includes PP and ARR and discounted cash flow technique includes NPV and IRR.Payback Period (PP) is the time acquired to equal the cash inflows and outflows. In the book ‘Financial Accounting for Decision Makers’ and ‘Accounting: An Introduction’ it is discussed…

  • Business Law in Finance and Accounting

    Upon the dissolution of the ongoing partnership, the assets are distributed equally. By continuing with the current form of business organization, Barbara, Helen and Maureen will experience various advantages and disadvantages as discussed below.Synergy. By combining their strengths, the three partners have sufficient potential to deal with the business challenges and achieve their objectives. Given the fact that each of them has a certain skill, they will be able to undertake various responsibilities for example marketing and innovation without incurring extra cost of hiring external personnel.Fewer regulations. As compared to corporations, joint ventures are subject to fewer regulations. This implies that the three partners owning Sweet Pleasures will not be…

  • The Contingent Budget

    The important aspects will help finalize the budget by implementing the budget styles as well as developing alternative strategies and systems for delivering the business products. The last thing to draw is the budget. The other important aspect is obviously a report of the revenues thus expenditure of the past accounting periods in the industry (Kerzner 2003).The following are circumstances that may lead to the need of a contingent budget. An increase in the prices for raw material together with the inadequate productivity due to unused capacity causes an increase in the operating costs. The stockout costs, lead time costs, and even reduced production leads to market loss. The inadequate…

  • Throughput Accounting

    costing methods, Activity Based Costing (ABC), however a little amount of concentration has been provided towards the constraints and problems being faced by organizations. History has witnessed that the performance of organizations is largely challenged by the constraints and these are the factors that have really potential to influence the performance of the organizations. Thanks to the theory of throughput accounting that has largely focused to constraints being faced by organizations. Constraints could be a policy, a material constraint, time constraint and so on. By focusing on the different aspects of cost and performance of organizations, throughput accounting has become successful in attracting the attention of number of multinational organizations.…

  • Accounting for Strategy and Management Control

    888). In this paper, though, the context of winner’s curse is in the nature of cost underestimation leading to bids below actual costs in auctions for business contracts, such as construction projects. Winner’s curse refers to the loss incurred in winning a project in an auction, on a bid below actual cost.The chosen article is a well-written piece and has been published in at least one peer-reviewed academic journal. As with every study, however, there are aspects in which it may be improved upon, as well as those in which it excels. These points shall be discussed here, section by section.The introduction provides an overview of the organization of the…

  • Social and Environmental Reporting

    The paper shows that the company calls itself a leader in sustainability, one of the most important aspects in determining an organization’s commitment to Corporate Social Responsibility (CSR) and good social and environmental reporting. Faithful representation is defined as correspondence or agreement between the accounting measures or descriptions in financial reports and the economic phenomena they purport to represent (www.goliath.ecnext.com). On the other hand, neutrality is defined as the avoidance of bias in selection and presentation of information and balanced in accounts of performance (www.plan.aau.dk). Wal-Mart has been questioned by many critics and environmental experts on its CSR policies and initiatives that include its commitment to using only renewable energy.…

  • Internal Revenue Code/Taxable Income

    For example a company may decide to purchase asset or reduce obligations out of its retained earnings. In most cases retained income does reflect the dividend policy of the company because the board will decide either to reinvest such profit or to pay them out to stockholders. The retained earning I taxable at corporate tax rate as well as pay as you earn (PAYE) on the shareholder share of profit if any. Recognized income This model is the basis of matching and accrual concept. These concepts both takes into account the accounting period in which expenses has been incurred or revenue has been recognized. According to the principle revenues are…

  • Simplify the answer

    This additional expertise distinguishes auditors from accountants.GAAS are ten general guidelines that help auditors carry out their responsibilities. GAAS have: three general standards focusing on competence, independence, and due professional care. three on field work and four on reporting. GAAP on the other hand are specific rules for accounting for transactions in an enterprise. Examples of such include any of the opinions of the Financial Accounting Standards Board(FASB).4. The first standard of field work requires the performance of the audit by a person or persons having adequate technical training and proficiency as an auditor. Discuss three ways in which auditors can fulfill the requirements of the standard?Auditors can obtain technical…

  • Discussion Week 1

    Architecture and Software Development The Phenomenon In Current Accounting Practices That Has Been Dubbed The Earnings Game In The Article By Justin FoxThe term earning game refers to the ways companies have and the measures they take to achieve their quarterly earnings forecasts. This game has no actual beginning or end. The earnings by companies have been reported to beat the estimates. As a result, companies are prevailing well, hitting their targets. According to Fox (1997), quite a number of S amp. P companies have beaten the consensus earnings than losing them.The earning management is a very critical phenomenon, but is much respected to companies, where business decisions and accounting…

  • Supply chain management of dunkin donuts (academic journal sources must be used)

    By 1960, Rosenberg founded The International Franchise Association, which today has more than 800 fanchisors and over 30,000 franchisee members, accounting for almost 50% of retail business in the United States (DD-Our Founder, 2008).Today, Dunkin Donuts claims to be the largest coffee and baked goods chain in the world, selling 1.5 billion cups of coffee per year, with many varieties of donuts and a wide range of baked products such as muffins, bagels, croissants, pizza, flat bread sandwiches, cookies, apple pie and donut-hole treats called Munchkins, as well as hash browns, salads and soups. Aside from freshly brewed coffee, which today, Dunkin Donuts serves in nine flavors, shops also offer…

  • Doing business in Europe (German) 2

    logical changes, and even environmental changes generate ever new problems and challenges which companies must face in order to continue to operate successfully. For instance, changes in the enforcement and interpretation of tax laws in Europe have had an impact on the operations and viability of such companies in the European continent. The problems are tied to the way Europe for instance is pushing for higher tax collections from HP and other American firms, and that these problems in turn affect the profitability and the viability of companies such as HP (Duncan, 2012). Does HP enter at all, and what kind of entry strategy makes sense in light of this…

  • Financial Statements Their Reliability and Lessons from the Financial Crisis

    The usually elegant, glossy pages of Annual Reports released by big companies can lead one to believe that the financial statements contained therein are accurate and complete and that they fairly reflect the true financial condition of a company. This impression is all the more bolstered by the discovery that the company’s financial records had been audited by one of the world’s top accountancy firms. Yet our experience since the early part of this decade has shown this to be an illusion. The generally accepted accounting principles (GAAP) have been tagged as one of the fundamental causes of the recent financial and banking crisis that originated in the United States…

  • *How Do You Find The Direct Materials Cost Per Unit And

    Telecom Company produces a cell phone that sells for $150, and a smart phone that sells for $350. Last year, total overhead costs of $550,000 were allocated based on direct labor hours. Atotal of 12,000 direct labor hours were required last year to build 6,000 cell phones (2 hours per unit), and 10,000 direct labor hours were required to build 2,000 smart phones {5 hours per unit).Total direct labor and direct materials costs for last year were: Cell Phone Smart Phone Direct materials $2?0,000 $160,000Direct labor 300,000 200,000 Management of Telecom Company would like to use activity-based costing to allocate overheadrather than using one plantwide rate based on direct labor…

  • 3) …

    Sentra Inc.2) Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular.The budgeted data for the last quarter are given below:Selling priceVariable costContributionSales volume inper unitmargin per unitunitsSuper Deluxe$373$181$19210,215Deluxe27010017038,817Regular140806053,118Actual operating data for the last quarter are given below:Selling priceVariable costContributionSales volume inper unitmargin per unitunitsSuper Deluxe$370$175$19512,360Deluxe2809618442,230Regular110763448,410Required:a) Compute the actual and budgeted contribution margins in dollars for each product for thelast quarter.b) Calculate the actual and budgeted sales mixes for the three products for the last quarter.c) Calculate the total sales-volume, sales mix and sales quantity variances for the quarter. Allthe variances are to be computed in terms of contribution margins.Cost Accounting

  • P65a Inventory Turnover And Days Sales And In Inventory Can Someone Please Provide Me

    CChapter 6 Accounting for Inventp6-5A. Inventory Turnover and Days’ Sales in Inventory The Southern Corporation installed a new in- LOventory management system at the beginning of 2018. Shown below are data from the company’saccounting records as reported by the new system:20182019Sales revenue. . .Cost of goods sold .$19,000,000$20,000,000Beginning inventory8,600,0009,200,000Ending inventory . . ..2,500,0002,530,0002,530,0002,600,000Calculate the company’s (a) inventory turnover (round to three decimal places) and (b) days’ sales ininventory for 2018 and 2019. Comment on your results.Financial Accounting

  • Please Answer The Questions Below And Charting Out Each Of The Problem Elements(Ex N=10 Pv=1200) Par Value Assume

    10. You have been offered the opportunity to purchase a non-callable bond with a $100 annual coupon ata market rate of 7% that matures in 15 years. What is the most you should pay for this bond? What is the current price of a bond with an 8% semiannual coupon at a market rate of 6% thatmatures in 10 years? What is the yield to maturity of a bond with a 7% semiannual coupon, a current price of $1,200, thatmatures in 15 years? Last year you purchased a bond with a 6% semiannual coupon with a market rate of 8% that maturesin 20 years. Today, 1 year later, the market…

  • Problem 256

    Slow to Change Company has decided to computerize its accounting system. TheNPV of Lease alternativeYearCash FlowsPVF 16%Present Value0S(5,000.00)1(5,000.00)1S(5,000.00)0.86207S(4,310.35)2S(5,000.00)0.74316S(3,715.80)NPV S(13,026.15)NPV of Purchase…Managerial Accounting

  • Financial Accounting The Trial Balancei Need Help In Obtaining The Answer For

    The Trial Balance of Hong Ann Sdn Bhd as at 31 December 2019 is given below.Hong Ann Sdn. Bhd.Trial Balance as at 31 December 2019DebitCreditRM’000RM’000Accumulated Depreciation:BuildingsNCA15,000Furniture and Fittings2,500Motor Vehicles5,000Accounts Payable10,000Accounts Receivable27,475General Expenses14,825Staff Salaries:Sales and Distribution Department5,950Administrative Department17,500Delivery Expenses3,500Bank Overdraft3,500Buildings150,000Long-Term Mortgage Payable100,000Interest from Investments8,750Freight Inwards750Commission to Distributor500Furniture and Fittings at Cost12,500Directors’ Fees1,000Interest on Mortgage and Bank Overdraft3,500Inventory as at 1 January 201975,000Investment150,000Land at Cost51,000Motor Vehicles at Cost50,000Purchases59,250Retained Earnings23,000Sales120,000Share Capital335,000622,750622,750Financial Accounting

  • Hi I Need Help With This Question Please

    Question 48(6 CALCULATION OF COST OF EQUIPMENT 5Q1. INVIOCE PRICE 90,000FREIGHT COSTS 1,400INSURANCE WHILE EQUIPMENT WAS IN TRANSIT 1,200MATERIAL AND LABOR COST ON TESTING 2,000IMPORT DUTIES flINITIAL…Financial Accounting

  • I Only Need Question P38a Answered Which Is

    er cost sheets.following:counting procedures described in the first paragraph of the problem, do theRecord general journal entries for all transactions. Note that general journal entries are notrequired in transactions 3 and 7. Post only those portions of these entries affecting the general ledger accounts set up in requirement (a).Enter the applicable amounts directly on the appropriate job order cost sheets for transactions 3, 4. 7, 8, and 13. Note parenthetically the nature of each amount enteredPresent a brief analysis showing that the general ledger accounts for Work- in-Process Inventoryand for Finished Goods Inventory agree with the related job order cost sheets.Explain in one sentence each what the balance of each…

  • Resource Ch 57 Of

    Financial Accounting CompleteExercises BE 5-1SolutionSales Revenue COGS Gross Profit Operating expense Net Income $ 71,200 (b) $ 41,200 $ 30,000 (d) $ 17,900 $ 12,100 $ 108,000 $ 70,000 (c) $ 38,000 (e) $ 8,500 $ 29,500 (a) $ 181,500…Business

  • Determine Whether Each Of The Following Actions In Buying Selling And Accounting For Inventories Is Ethical Or

    Determine whether each of the following actions in buying. selling. and accounting for inventories is ethical or unethical. Give your reason for each answer.0 (Click the icon to view the actions.) 1. In applying the lower-of—cost—and-net—realizable-value rule to inventories, Terre Haute Industries recorded an excessively low net realizable value for its ending inventory. This allowed the company to pay less income tax for the year. This action is V because V 2. Laminated Photo Film purchased lots of inventory shortly before year-end to increase the weighted-average cost of goods sold and decrease reported income for the year. This action is V because V 3. Madison Inc. delayed the purchase of…

  • Super Deluxe Deluxe And Regular

    Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular. TheSOLUTIONCalculations of variances are given below:BUDGETEDACTUALSuper DeluxeDeluxeRegularSuper DeluxeDeluxeRegularSales Volume102153881753118123604232048410Selling Price per unit…Cost Accounting

  • 09 49 14

    XYZ has been informed by its investment dealer, that bonds of equala} Cost of DebtYield*[1 – Tax}- 14*[1—0.4} 3.4 b} Cost of Preferred stockDividend g x 100Preferred Stock 55 10.91 c} Cost of Equity w + Growth rate Market Price2. 83+ 0. 094914. 77 d}…Financial Accounting

  • Write A

    1,000 – 1250word paperon the following topic: Describe the Running head: MANAGERIAL ACCOUNTING IN CONTEMPORARY BUSINESS Managerial Accounting in Contemporary BusinessNameInstitution 1 MANAGERIAL ACCOUNTING IN CONTEMPORARY BUSINESSManagerial Accounting…Business

  • I Can’T Determine How To Calculate The Cost Of Job 355 Using The Traditional Plant Wide Manufacturing Overhead

    Sorrentino Industries manufactures a variety of custom products. The company Expected usage and costs for manufacturing overhead activities for the upcominghas traditionally used a plantwide manufacturing overhead rate based on machine year are as follows: hours to allocate manufacturing overhead to its products. The company estimates a (Click the icon to view the expected usage and costs.) that it will incur $1,920,000 in total manufacturing overhead costs in the upcoming year and will use 15 000 machine hours. During the year, Job 355 is started and completed. Usage for this job follows: 0 Click the icon to view the additional information about the hazardous waste E (CHCK the icon to…

  • I Can’T Determine How To Calculate The Cost Allocation Rate For The Activity I Also Can’T Determine How To

    Frances Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incurmanufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and theirallocation bases are as follows:(Click the icon to view the budgeted costs and activity bases.)Frances Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require 15 setups, and consume 1,700 hoursof finishing time.Job 420 used 300 parts, required 2 setups, and consumed 130 finishing hours.Job 510 used 475 parts, required 5 setups, and consumed 310 finishing hours.Read the requirements.Requirement 1.…

  • I Am Mostly Not Sure How To Calculate Average Invested Capital Is It Investment Cap At The End Of The Year

    ANE HUDSON is the CEO of ISS Australia, a company that prsecurity, catering and maintenance. Hudson says ISS does not outsourquality staff who deliver innovative solutions and quality serviccontractors. Staff are permanent employees. They receive inductiassistance and are encouraged to pursue a career in the company.people across Australia to work in facilities as diverse amsettings. A downturn in the mining sector and theservices returned that total to 15 000 en-our people are more committed .has four key values thatspends time tall .the conQuestion 8(13 marks)Billings Company is a decentralised wholesaler with two autonomous divisions. The divisions areevaluated on the basis of return on investment (ROI), with year-end bonuses given to…

  • Financial Accounting For Undergraduatesproblem P22aplease See Attachment Need By 11pm

    (1}[2}(3} (4) –(5} ‘ (5}m{3} {91{10} $2,430 ‘+’ s? see 4}quot; seen + some $300 + 35,000 + $10.00!] + $3.200-+2300 – 1 . +2,ooo H.500 _ .—300 4004’50 +750 —2.500 —2.500 ______________—_______.____..___——-—————— Required .a. Show that assets equal liabilities plus stockholders’ equity as of May 1. b. Describe the :1th transaction indicated by each line. (For example. line 2; Borrowed $2.000,giving a note payable.) If any line could reasonably represent more than one type of transaction, describe each type.c. Show that assets equal liabilities plus stockholders‘ equity as of May 3]. Financial Accounting

  • Mccormick &Amp

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    Question What is meant by classifying a unit as an investment center vs. a cost or profit center? Discuss how each of the following tools, individually and/or collectively, can and should be used to evaluate managers of such investment center individual divisions of a large organization: ROI, EVA, and the Balanced Scorecard. (Hint: discuss how each works, what each helps ensure, what dysfunctional behaviors can result from its use, and how multiple approaches can help ensure behavior that aligns individual incentives with overall corporate strategy.) Managerial Accounting

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    Question Mack Fuels produces a gasoline additive. The standard costs and input for a 500-liter batch of the additive are presented below. Chemical Standard Input Quantity in Liters Standard Cost per Liter Total Cost Echol 200 $ .200 $ 40.00 Protex 100 .425 42.50 Benz 250 .150 37.50 CT-40 50 .300 15.00 Totals 600 $ 135.00 The quantities purchased and used during the current period are shown below. A total of 140 batches were made during the current period. Chemical Quantity Purchased (Liters) Total Purchase Price Quantity Used (Liters) Echol 25,000 $ 5,365 26,600 Protex 13,000 6,240 12,880 Benz 40,000 5,840 37,800 CT-40 7,500 2,220 7,140 Totals 85,500 $ 19,665…

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    Systems development $29,000 Final Question Units sold 8,600 1. Assume the unit standard costs data for the beginning and ending inventories remained constant during the period. What was the total standard cost of the ending inventory under absorption costing? Managerial Accounting

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    Ch. 9 ofFinancial Accounting CompleteExercises E9-1,E9-7, amp E9-1 A. When determining the acquisition cost of plant assets we must apply the application of the cost principal toensure the organization is reporting accurate, reliable, and consistent…Business

  • The Following Expenditures Relating To Ppe Assets Were Made By Sunny Ltd During The First

    Question The following expenditures relating to PPE assets were made by Sunny Ltd during the first 2 months of 2017: 1. Paid $6000 of accrued land taxes at time factory site was acquired. 2. Paid $750 airconditioning on new delivery truck. 3. Paid $18 000 for parking lots and driveways on new factory site. 4. Paid $900 for a 1-year accident insurance policy on new delivery truck. 5. Paid $350 to have company name and advertising slogan painted on new delivery truck. 6. Paid $7600 for installation of new factory machinery. 7. Paid $750 motor vehicle registration fee on new truck. 8. Paid $250 insurance to cover possible accident loss…

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    Question Question #1 Discuss how the bond market reacts when the Federal Reserve increases short term interest rates. How do short-term versus long-term bond prices react? How do Treasury bonds versus corporate bonds behave? Question #2 You have been offered the opportunity to get in on a once-in-a-lifetime investment. The returns will be very high, and your money is safe. Why is this not possible and most likely a scam? Question# 3 The Federal Reserve lowers interest rates in the economy to increase economic activity. Using the capital budget decision tools, discuss how decreasing interest rates can cause firms to make more investments. Financial Accounting

  • C

    On August 1, Lola Company’s assets are $33,000 and its Question c. On August 1, Lola Company’s assets are $33,000 and itsRe:pl Pro G ph O Pec| ME|C 10|M (no ) s; C Sol G OnX M M M MI b. +Cnewconnect.mheducation.com/flow/connect.htmlADessUH Bb Blackboard Learn s…PreCalc Exam Flash..Remove BackgrounP Profile …. Ji 12 class esHomework Ch. 1SavedHelpSave amp; ExitSubmCheck my work20Required ARequired BRequired COn August 1, Lola Company’s assets are $33,000 and its liabilities are $13,000. On August 4, Lola issues a sustainabilityreport following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $4,500pointscash and $8,500 in equipment in exchange for ownership in Lola.…

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    Question Looking for help with this question. I have already input the information, but am looking for verification. Thank you, The City of Yuma, Arizona accounts for debt service related to its $10,000,000 face value, 5% general obligation term bonds, issued July 1, 2019, in a debt service fund. The city’s accounting year ends on June 30. Interest on the bonds is due each December 31 and June 30. The following events occur in fiscal 2020: 1. The debt service fund budget called for $1,250,000 in transfers from the general fund, $20,000 in income on investments, and appropriations for the two semiannual interest payments. 2. The general fund transferred $1,250,000…

  • 1 Suppose A Foundation Invested 1000 Dollars In The Stock Market In 1870 Accounting For Inflation What Would

    Question 1. Suppose a foundation invested 1000 dollars in the stock market in 1870. Accounting for inflation, what would have been the dollar value of this investment in September 2019? A. 2850 dollars. B. 7660 dollars. C. 19,500 dollars. D. 19,500,000 dollars. 2. Which of the following is an arbitrage opportunity? A. Two stocks, one has expected return of 5%, the other 4%. B. The bank offers you a loan at 5% interest and a savings account that pays 4% interest. C. The bank offers you a loan at 4% interest and a savings account that pays 5% interest. D. For every $1 you deposit today, the bank offers to…

  • I Don’T Know How Make This Formula In Excel Somebody Can Help With This Homework Thank You!Part

    Question I don’t know how make this formula in Excel somebody can help with this homework. Thank you! Part a) The amount of annual investment can be calculated with the use of PMT (Payment) function/formula of EXCEL. The function/formula for PMT is PMT(Rate,Nper,PV,FV) where Rate = Interest Rate (here, Rate of Return on Mutual Funds), Nper = Period, PV = Present Value (if any) and FV = Future Value (here, Lump Sum Amount Desired at Retirement). _____ Here, Rate = 10%, Nper = 65 – 23 = 42, PV = 0 and FV = $2,000,000 Using these values in the above function/formula for PMT, we get, Amount to be Invested…

  • Question 7 7

    (TCO 2) Manufacturing overhead is allocated on the basis of(Points : 7) AnswersPage 1Question 1.1. (TCO 1)Managerial Accounting is primarily concerned with providing information to external users, whereasFinancial Accounting is concerned with providing information…Business

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    What are Question Describe the differences between job order costing, process costing, and Activity Based Costing (ABC). What are the advantages and disadvantages of each system? Imagine a company that you might be a manager for. Describe that company and what their major product or service would be. Then, tell which cost system would be best suited to that firm and why. Managerial Accounting

  • What Are The Three Reasons That Companies Invest?

    As a business owner, would you prefer to invest in long Question What are the three reasons that companies invest? As a business owner, would you prefer to invest in long or short-term investments? Please explain. Discuss your choice Financial Accounting

  • Paris Company Acquired On July 15 2018 400 Shares Of Rome Company $720 Par Value Capital Stock At $698 40 Per

    Question Paris Company acquired on July 15, 2018, 400 shares of Rome Company $720 par value capital stock at $698.40 per share plus a broker’s commission of $1,728. On August 1, 2018, Paris Company received a cash dividend of $8.64 per share. On November 3, 2018, it sold 200 of these shares at $756 per share less a broker’s commission of $1,152. On December 1, 2018, Rome Company issued shares comprising a 100% stock dividend declared on its capital stock on November 18. On December 31, 2018, the end of Paris Company’s calendar-year accounting period, the market quotation for Rome Company’s common stock was $331.20 per share. The investment was…

  • I Have Put In Bold The Items That I Chose Question 2 A County

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  • Below Is The Discussion Post I Am Still Not Understanding What Is Meant By Maximizing Contribution Margin Per

    Question Below is the discussion post – I am still not understanding what is meant by maximizing contribution margin per unit: Managers often try to maximize the contribution margin per unit of a particular resource that limits output capacity. The following are five familiar types of business. Small medical or dental practice Restaurant Supermarket Builder of residential housing Auto dealer’s service department A) For each type of business, identify the factor that you believe is the most likely to limit potential output capacity. B) Suggest several ways (other than raising prices) each business can maximize the contribution margin per unit of this limiting resource. (Hint: These types of businesses usually…

  • Valade Company Produces Two Products J And K Estimates Costs Are Presented Below For A Year In Which

    Question Valade Company produces two products, J and K. Estimates costs are presented below for a year in which 10,000 units of each product are expected to be sold: An annual profit of $280,000 for the whole company is considered satisfactory. The company uses the same profit margin ( as a percentage of costs) to arrive at the price for both products Required: a. Calculate normal selling price for product J and K. b. Using the prices calculated above, how much profit would result if the sales were 5,000 units of J and 15,000 units of K instead of 10,000 units each? c. Comment on the effect of changes in…

  • Bell Manufacturing Is Considering Investment In One Of Two Mutually Exclusive Projects X And Y Which Are Described

    Question Bell Manufacturing is considering investment in one of two mutually exclusive projects X and Y which are described below. Bell Manufacturing’s overall cost of capital is 5 percent, the market return is 9 percent and the risk-free rate is 1 percent. Bell estimates that the beta for project X is 1.20 and the beta for project Y is 1.40. The firm uses the following equation to determine the risk adjusted discount rate, RADR, for each project: RADR = Rf + beta x (Market Return – Rf) – Looks familiar…hmm….maybe CAPM? Financial Accounting

  • The Accounting Team Of Garry Inc Has Assembled The Following Information For The Year Ended December 31

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  • Using The Bond Yield Calculator Its Yield To Maturity Is Found To Be _______ /Lililike Other Bonds Boston Scientific’S Market Price Adjusts To Interest Rate Conditions At The Time

    ulgtltligtA bond of Boston Scientific Corp is trading at 113.22, pays a coupon rate of 6.250%, and Question ulliA bond of Boston Scientific Corp is trading at 113.22, pays a coupon rate of 6.250%, and matures in three semesters. Using the bond yield calculator, its yield to maturity is found to be _______./liliLike other bonds, Boston Scientific’s market price adjusts to interest rate conditions at the time. Further, its yield reflects the state of interest rates in the money markets at the time of calculation. Please comment on this statement./li/ul Financial Accounting

  • Corporation A Receives A Dividend From Corporation B It Includes The Dividend In Gross Income For Tax Purposes

    Question Corporation A receives a dividend from Corporation B. It includes the dividend in gross income for tax purposes but includes a pro-rata portion of B’s earnings in its financial accounting income. If A has accounted for the dividend correctly (using the general rule), how much of B’s stock does A own? Multiple Choice A owns less than 20 percent of the stock of B. A owns more than 50 percent of the stock of B. Cannot be determined. A owns at least 20 but not more than 50 percent of the stock of B. Business

  • Hi Could Someone Please Help Me With This Review Question? Could You Show The Answer As Well As The Steps To Get

    Question Hi could someone please help me with this review question? Could you show the answer as well as the steps to get it. Thank you! 7. A bond is currently selling at 1.15 on its par value of $1,000. This bond has a maturity of 15 years and a coupon rate of 5%, payable semi-annually. If the inflation rate is 3%, what is the real yield on this bond? (4 marks) Financial Accounting

  • I Need To Know Which Ones Are Either Financial

    Question I need to know which ones are either Financial Accounting, Managerial, and tax accounting Many accounting professionals work in one of the following three areas.A. Financial accountingIt. Managerial accountingC. Tox accountingIdentity the area of becounting that Is most involved in each of the following responsibilitiesResponsibilitiesArea of AccountingPreparing edema Inangad ElementArlyring andonad Bringal regardsInminging LastaugParigatingFinancial Accounting

  • Answer The Question Based On The Following Article Bruynseels L M &Amp

    Cardinaels, E. (2014). The Question Answer the question based on the following article: Bruynseels, L. M. ., Cardinaels, E. (2014). The audit committee: Management watchdog or personal friend of the CEO? The Accounting Review, 89(1), 113-145 https://feb.kuleuven.be/drc/researchnewsletter/2013_12/bruynseels-cardinaels.pdf 1. Identify the main theme of the reading 2. Contextualise the reading (the facts and circumstances) within business arrangements and practices 3. Identify the impacts on corporate governance 4. Discuss the connection between the article and the failure of HIH Insurance Just in short sentences (about 50-100 words each) would be fine Business

  • Imagine That You’Ve Been Asked To Explain One Of The

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  • Dixie Irwin Is The Department Manager For Religious Books A Manufacturer Of Religious Books That Are Sold Through

    Question Dixie Irwin is the department manager for Religious Books, a manufacturer of religious books that are sold through Internet companies. Irwin’s bonus is based on reducing production costs. Irwin has identified a supplier, Cheap Paper, that can provide paper products at a 10% cost reduction. The paper quality is not the same as that of the current paper used in production. If Irwin uses the supplier, she will certainly achieve her personal bonus goals; however, other company goals may be in jeopardy. What is the ethical issue? Identify the key performance issues at risk, and recommend a plan of action for Irwin. Requirements 1. What is the ethical issue?…

  • Carl Colaas A Global Leader In The

    Question Carl Cola As a global leader in the beverage industry and over 5 years of international experience, Carl Cola is one of the most rapidly growing family businesses in Australia. With its headquarters in Brisbane, Carl Cola has successfully built up 16 branches in 5 different countries with over 260 full-time employees. The executive management of Carl Cola follows a ‘growth through the acquisition’ strategy to expand the business into new international markets. With acquisitions of direct competitors, Carl Cola has successfully gained significant market shares in Europe and China. Furthermore, the acquisitions of competitors allow Carl Cola to increasingly utilize economies of scale and synergy effects. Carl Cola…

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    variable cost and costbehaviorrelate to the subject ofRunning head: MANAGERIAL ACCOUNTING VII Reflection Paper: Variable Cost and Cost BehaviorNameInstitution MANAGERIAL ACCOUNTINGVII Reflection Paper: Variable Cost and Cost BehaviorVariable cost…Business

  • Procter &Amp

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  • On July 1 20×1 Hathaway Inc Purchased A $100 000 Fiveyear 6% Bond When The Market Rate Of Interest Was 7%

    Question On July 1, 20X1, Hathaway Inc. purchased a $100,000, five-year, 6% bond when the market rate of interest was 7%. Interest was payable semi-annually on June 30 and December 31. The price paid for the bond was $95,842. Hathaway has a December 31 year end and reports its financial results in accordance with IFRS. Hathaway elects to classify this investment at FVPL. On December 31, 20X1, the bond was actively trading for $96,900. How much income will Hathaway recognize on its financial statement for the year ended December 31, 20X1, relating to this investment? Financial Accounting

  • You As The Financial Manager Have Been Assigned To Assess The Financial Performance Of Abc Company And Have Been

    Question You, as the Financial Manager, have been assigned to assess the financial performance of ABC Company and have been given the following information for 2016 to 2018. As you go through your analysis, please make sure to address the following questions. What is the overall financial health of the company? What recommendations would you have based on these ratios? How liquid is the business? What is their debt structure? Mostly equity or debt? Are they efficient in their operations? What does profitability look like for the business? Are there any red flags? Is the business sustainable? Where can the business improve? Where are their strengths and weaknesses? Financial Accounting

  • Bob Invested $2 000 In An Investment Fund On His 21st Birthday The Fund Pays 7%Interest Compounded

    Question Bob invested $2,000 in an investment fund on his 21st birthday. The fund pays 7% interest compounded semiannually. Bob is celebrating his 50th birthday today. Bob decides he wants to retire on his 60th birthday and he wants to withdraw $75,000 per year, the first withdrawal on his 60th birthday and the last withdrawal on his 90th birthday. Bob expects to receive $100,000 from his employer on his 55th birthday in recognition of his long service to the company. Assume Bob has not taken any money out of his investment fund since he initially funded it on his 21st birthday, and that he will deposit the $100,000 from his…

  • Payne Ltd Has Two Divisions The Compound Division Makes Qz54 An Industrial Compound Which Is Then Transferred

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  • Hi There I Would Like The Following Questions To Be Answered It’S Under Managerial Accounting ( Management

    Question One (word limit: 800 words) Willy Auto Part (WAP) manufactures replacement parts for car repairs. The followingsituation concerns two WAP employees: Sandra Smith, head of the company’s Billing andInvoicing (38d) Department, and Jack Davis, the firm’s general manager. Smith’s Billing Department makes heavy use of hourly employees and is evaluated as a costcenter. Understanding the need for prompt collection of receivables, Smith strives to run afirst-class operation. Smith also understands the need to contribute in a big way to WAP’sfinancial performance so she continually strives to minimize 38d expenses. Unfortunately, Smith experienced a heated discussion with Davis several weeks ago, thesubject being the shoddy operation that she is running.…

  • Globalization in China as it relates to MacroEconomics

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  • Audit and Internal Control

    A computer system is at risk of been accessed illegally and data that is held there within put at risk.Given the sensitive nature of accounting data, the finance director has asked for an audit report detailing the security status of the system. Data will be input in the computers from workstations, and there is risk of unauthorized access to this data at this point. Data from satellite stations will be transmitted through the internet, and there is the risk of this data getting accessed by unauthorized individuals either remotely or otherwise. The finance director has specifically asked for a description of the general controls that can be exercised to avert…

  • Whether Oral Hygeine in Ventilated Patients can Reduce Ventilator Associated Pnuemonia

    VAP is the most serious complication of critical illness, and this occurs not due to the illness per se, but due to the management of the patient, and in that sense, although slightly an overexpression, this may be termed as an iatrogenic condition that merits strict monitoring and care in order to prevent it. On the whole, hospital-acquired pneumonia occurring in patients after 48 hours of admission, who were admitted with no preexisting pneumonia and placed on a ventilator is known as ventilator-associated pneumonia (Girou et al., 1998).This is an important safety issue in patients with critical illness for which they receive mechanical ventilation. Nursing is a very important aspect…

  • The Risks That UK Coal an FTSE Listed Company Can Potentially Face In Undertaking CrossBorder Merger and Acquisition (M&amp

    A) ActivityThe researcher states that cross-border mergers and acquisitions are complex undertakings packaged with risks and rewards. When two organizations with different internal controls, management styles, corporate cultures and processes attempt to integrate, the business risk increases substantially. Before embarking on Mamp.A journey, it is imperative that all risk factors are considered prior to injecting capital in the host country. UK Coal needs to conduct due diligence so as to ensure that Mamp.A activity fits its long-term strategic objectives. Due diligence identifies, confirms or disputes the business reasons for proposed merger or acquisition transactions. Due diligence demands a thorough data analysis of assets and liabilities, particularly large balance sheet items…

  • Basic Macro and Microeconomic Policies

    Cost extravagances in the airline industry had brought financial costs up decreasing profits but did not automatically mean an increase in sales. Accounting problems and financial data were overlooked or neglected during the dot-com bust. First, too much money was spent on advertising which focused on selling and not marketing. Second, too much advertising money could have been saved if ads were focused on market segments. Cost extravagances in the airline industry had brought financial costs up decreasing profits but did not automatically mean an increase in sales. First, too much money was spent on advertising which focused on selling and not marketing in both online and offline advertising(Churchill,1995). The…

  • The issues plaguing the accounting profession

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  • British Airway is a listed industrial company on the London Stock Exchange obtain its published annual reports and aacounts

    The financial performance and position analysis of British Airways can be done with the help of profitability, leverage and liquidity ratios in comparison with one of its major industrial competitors i.e. Air France-KLM (banker.thomsonib.com). The analysis of Air France-KLM would serve as a benchmark for the evaluation of performance and position of British Airways plc.The profitability ratios presented in the above table highlight both the companies i.e. British Airways plc and Air France-KLM for the last 4 years 2002-05. The return on assets ratio for British Airways reveals that the company has been generating a declining return on its various assets over the last four years. This ratio has decreased…

  • Management Accounting as a Part of Strategic Process

    As management accounting also deals with the analysis, interpretation, and communication of data in addition to identification and measurement of those, it can be said that it is a tool for the management for the decision-making process and is a much broader concept than to provide mere numerical data to the management. The tools and techniques used for the purpose of management accounting include marginal costing, standard costing, budgetary control, etc.A strategy is a process deployed by an organization to accomplish its mission and long term objectives. As management accounting facilitates the top management with preparation, analysis, interpretation, and communication of financial and non-financial information, the essence of management accounting…

  • Corporation Tax Income Taxes and Capital Gains Tax at the United Kingdom

    A limited amount of companies must pay corporation tax. The self-employed do not. However, in almost all circumstances, cooperatives, housing associations, members’ clubs, and trade associations must pay corporation tax (Wikipedia, 2007). Companies that are obligated to pay corporation taxes on their profits are required to perform certain activities. First of all, they are required to notify HM Revenue and Customs that they indeed are in operation at that they are among those required to pay corporate taxes. Then, the company must file a self-assessment Company Tax Return without being assessed by the HMRC, similar to individuals who are required to file their own income taxes without first being assessed…