Chapter 8 Lab Questions

Question 2 You are an analyst for a financial services firm that was engaged one month ago to conduct sensitivity analysis on a new project for a client. Fortunately, the client is an alum of the University of Melbourne and has asked that the approach taught in Corporate Financial Decision Making be used. The project involves a contract with a high quality and low risk customer who has guaranteed that they will pay $60 per unit of the product to your client at the end of each of each of the eight years of the project's life. The only uncertainty your client faces is how many units their customer will purchase (as determined by the quality of your item relative to competitors) and the variable cost per unit your client faces in producing the product – with most of that variable cost being taken up by the cost of labour. You collect the following information. Optimistic estimate 80,000 Variable Pessimistic estimate Expected 60,000 Sales volume demanded p.a Variable cost per unit 40,000…

Hh.: subject: account

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Accounting & Finance - Auditing  Question 6: Your audit firm has an advertising policy that any audit process will not take more than 20 days for any client. You start reviewing the audit files of your client ALB plc which you audit for eight years and you find the following notes. The audit team included a manager who owns 1% of the ALB’s shares. The executive partner believes that the 1% is too small and it will not affect the manager experience. Your firm offered this client a bookkeeping service for this year. One of the audit team received a high salary offer to be appointed in the client’s internal audit department as a head of department. The finance director was recently working as an auditor in your audit firm. ALB plc intends to increase its capital by issuing more shares in the stock market and the financial manager is asking your firm to manage this process.  Required:  Identify and explain FIVE ethical threats which arise from the above actions and for each…

Chapter 1Managerial Accounting: An OverviewEthics and the ManagerRichmond, Inc., operates a chain of 44 department stores. Two years ago, the board of directors of Richmond approved a large-scale remodelling of its stores to attract a more upscale clientele.Before finalizing these plans, two stores were remodelled as a test. Linda Perlman, assistant controller, was asked to oversee the financial reporting for these test stores, and she and other management personnel were offered bonuses based on the sales growth and profitability of these stores. While completing the financial reports, Perlman discovered a sizable inventory of outdated goods that should have been discounted for sale or returned to the manufacturer. She discussed the situation with her management colleagues; the consensus was to ignore reporting this inventory as obsolete because reporting it would diminish the financial results and their bonuses.Required:1. According to the IMA’s Statement of Ethical Professional…

Please solve this problem ASAP! Auditor You are an audit senior in Planet and Co and you are commencing the planning of the audit of this new client, Sunshine Co, for the year ending 31 August 2020. Client data A sandals manufacturer, Sunshine Company in business for 30 years, with a production facility, warehouse and administration offices operating from one central site. Sunshine sells all of its goods to large retail stores, with 60% being to one large chain store Shoetings. Sunshine has a one year contract to be the sole supplier of sandals to Shoetings. It secured the contract through significantly reducing prices and offering a four-month credit period; the company’s normal credit period is one month. Operations Two years ago Sunshine reduced the level of goods directly manufactured and instead started to import sandals from East Asia; approximately 60% is imported and 40% manufactured. Purchase orders for overseas sandals are made six months in advance and…

Please solve this problem ASAP! Auditor You are an audit senior in Planet and Co and you are commencing the planning of the audit of this new client, Sunshine Co, for the year ending 31 August 2020. Client data A sandals manufacturer, Sunshine Company in business for 30 years, with a production facility, warehouse and administration offices operating from one central site. Sunshine sells all of its goods to large retail stores, with 60% being to one large chain store Shoetings. Sunshine has a one year contract to be the sole supplier of sandals to Shoetings. It secured the contract through significantly reducing prices and offering a four-month credit period; the company’s normal credit period is one month. Operations Two years ago Sunshine reduced the level of goods directly manufactured and instead started to import sandals from East Asia; approximately 60% is imported and 40% manufactured. Purchase orders for overseas sandals are made six months in advance and…

Accounting 12 Could an expert provide a brief summary highlighting one unique feature of the app, recommend it to Sadie—who wants to avoid payroll hassles—and suggest it as she plans to hire employees to extend her dog grooming salon hours?  Thank you,

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Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 90 percent learning curve for one of its important tasks, proofreading financial statements. For one of its interns, Kim Down, the firm has started to analyze the relation between time and financial statement proofreading. Financial StatementsProofread (X) Time Required to Proofreadthe Xth Financial Statement 1 2.0 hours 2 1.8 hours 4 ? 8 ? 16 ?     Required: a. Compute the time required to proofread 4, 8, and 16 financial statements.

erd-2020 Fall T x spurs meaning Google Upitan Oregon Trail Map magnetic packag.. Señor Wooly How to Ens Your Board CP1-4 Communication There are two common causes of business and accounting fraud: • A failure of individual character • A culture of greed or ethical indifference within an organization Required: Write a brief memo describing how these two factors could lead to accounting fraud. Thread: Wnte Your response as reguested above, It should be in memo format as cholarly sources to

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PROBLEM 16-8 Discussion Case with Ethical Issue Alan Norwood is currently a senior associate with the law firm of Butler, Starns, and Madden (BSM). His compensation currently includes a salary of $155,000, and benefits valued at $5,000. BSM is considered among the strongest of local firms, with assets of $10 million (cash $2,000,000, and accounts receivables $8,000,000), liabilities of $7.5 million, and 11 partners. Alan anticipates admission to the partnership on July 1 of this year. The senior managing partner, Jane Butler, has had preliminary discussions with Alan in which the senior partner proposed the following 1. A5% interest in BSM capital and profits in recognition of Alan's commitment to the firm and in exchange for a capital investment by Alan of $150,000. This 5% interest would be acquired from the other partners. 2. Alan's compensation will consist of a monthly withdrawal of $18,000 and benefits valued at $5,000 annually. Monthly withdrawals approximate firm profits, but…

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Question 2 a) Apricot is an information technology (IT) manufacturing company which has been dealing in various IT equipment over 70 years. It operates from one central site which includes the production facility, warehouse and administration offices. You are an audit senior in Juit Company, and you are commencing the audit planning of Apricot Company for the year ending 31 April 2019. Apricot Company sells all of it IT equipment to multinational clients, with 75% being sold to a multi-million IT dealer. The company has a one-year contract to be the sole supplier of IT equipment. In order to secure the contract, the company reduced prices and offered 100 days credit period, while its normal credit period is 28 days, which is an equivalent of month. Currently, Apricot Company has strategically reduced the level of products directly manufactured and rather started to import significant amount of its IT equipment from India. Nearly 65% of the IT equipment is imported and 35% manufactured.…

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financial management ch 15 hw please show work. question 10 ​(EBIT-EPS analysis)  Three recent graduates of the computer science program at the University of Tennessee are forming a company that will write and distribute new application software for the iPhone. ​ Initially, the corporation will operate in the southern region of Tennessee, Georgia, North​ Carolina, and South Carolina. A small group of private investors in the​ Atlanta, Georgia area is interested in financing the startup company and two financing plans have been put forth for​ consideration:   • The first​ (Plan A) is an​ all-common-equity capital structure.   ​$2.5 million dollars would be raised by selling common stock at ​$20 per common share.   • Plan B would involve the use of financial leverage.   ​$1.1 million dollars would be raised by selling bonds with an effective interest rate of 10.6 percent​ (per annum), and the remaining ​$1.4 million would be raised by selling common stock at the ​$20 price per share.…

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Please send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…

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Assignment on You have been hired as a new supervisor of an audit team for a national accounting firm. With four years of experience, you feel technically well prepared for the assignment. However, this is your first formal appointment as a manager. Things are complicated at the moment. The team has twelve members, of diverse demographic and cultural backgrounds, as well as work experience. There is an intense workload and lots of performance pressure. How will this situation challenge you to develop and use essential managerial skills and related competencies to successfully manage the team to high level of auditing performance?