HUM_hungAgreement

Refer to the previous question. Suppose you later received a letter in the mail with a $100 check in it from Daniel Delinkquint, together with a note describing how he had become a born-again Christian (much like Zacchaeus) and had determined to pay off all his debts (albeit not four-fold like Zacchaeus). Give the appropriate general journal entry(ies), if any, to reflect this payment from Daniel. Write “none” if no entry is required. Previous Question: Daniel Delinkquint owes your business $100 on account. He has moved and you have no idea how to contact him. You feel that perhaps the $100 he owes is not worth the time and effort to try to locate him. Furthermore, even if you did locate him, he probably would not pay the balance because he disputed it the last time your talked with him. An allowance has been made for this account in the past in accordance with GAAP. Give the appropriate general journal entry(ies), if any, to reflect your decision to not pursue collection from Daniel…

Jesse has a good job and pays off his one credit card every month. He was surprised that when he applied for a loan to buy a car, he was rejected. What are the steps that he should take to check his credit report for errors?How can he resolve any errors that he discovers?

Should this person open a credit card account? If they do decide to open the new credit card account, what’s one thing this individual should monitor or use caution?

Mark is a young business student at the Florida State University , who works part-time as a Accountant  at the Bank of America . Mark has been married about two years. Mark’s wife is currently taking care of their new born son, while Mark finishes school. Mark is well liked by all those who know him. In fact, those who know Mark would describe him as outgoing, funny and very intelligent.At Bank of America Mark’s primary responsibility is to set up new accounts, make initial loan reviews and work as a Accountant. While at work, Mark always appears to be working hard, and rarely misses work (even for vacation). Oftentimes, Mark is the first one to volunteer to stay late and look over accounts or help clean up.Over the last four months, Mark’s Company  supervisor noticed Mark make many interesting purchases. Four months ago, Mark purchased a an Iphone 14. One month ago, Mark bought three new wool suits, which he frequently wears to work. Two months ago, Mark traded in his old Benz for a…

Mark is a young business student at the Florida State University , who works part-time as a Accountant  at the Bank of America . Mark has been married about two years. Mark’s wife is currently taking care of their new born son, while Mark finishes school. Mark is well liked by all those who know him. In fact, those who know Mark would describe him as outgoing, funny and very intelligent.At Bank of America Mark’s primary responsibility is to set up new accounts, make initial loan reviews and work as a Accountant. While at work, Mark always appears to be working hard, and rarely misses work (even for vacation). Oftentimes, Mark is the first one to volunteer to stay late and look over accounts or help clean up.Over the last four months, Mark’s Company  supervisor noticed Mark make many interesting purchases. Four months ago, Mark purchased a an Iphone 14. One month ago, Mark bought three new wool suits, which he frequently wears to work. Two months ago, Mark traded in his old Benz for a…

Jesse has a good job and pays off his one credit card every month. He was surprised that when he applied for a loan to buy a car, he was rejected. Explain the steps that he should take to check his credit report for errors. How can he resolve any errors that he discovers?

Janey, a college student, is on her own financially. She is much too busy with school to hold down any kind of traditional job. However, she does list herself on a number of dating websites and every weekend makes time to see one or more gentlemen.   Janey googles all of her potential matches before agreeing to go out in order to confirm a high net worth or income. “I expect a gentleman to be generous,” she says to every potential date. She refuses to go out with anyone who hesitates at that.   Janey never does anything illegal but at the same time isn’t shy about showing her appreciation for all she receives. One gentleman pays the rent on her apart-ment. Another pays her tuition for her. A third bought her a car. Some just give her cash...   (a)  It's 100% certain that everything Janey receives from these gentlemen qualifies as gifts as that term is used in the tax law and so would not need to be reported as “Other income” on her federal income tax return.   (b)  It's 100% certain…

Claudia is a student at Michiana College near Lake Michigan. She is young, intelligent, and driven to succeed in her studies. Claudia is not sure what she wants to do with her life but she knows she does NOT want to be an accountant! In fact, her closest friends and family members have gently urged her to enroll in anger management ever since she began studying accounting last term. Now Claudia is starting Principles of Accounting II and she is going to try really hard not to punch the wall or throw her book across the room anymore but she makes no promises... Now comes Chapter 14. “Why would a company issue bonds when it could just sell more stock to raise money?” Claudia muttered to herself, fuming. “It’s always better for a company to increase its equity than to increase its debt. Even I know that!” (2) What is “earnings per share” and how can it be affected by issuing bonds or stocks? How is it calculated?

Claudia is a student at Michiana College near Lake Michigan. She is young, intelligent, and driven to succeed in her studies. Claudia is not sure what she wants to do with her life but she knows she does NOT want to be an accountant! In fact, her closest friends and family members have gently urged her to enroll in anger management ever since she began studying accounting last term. Now Claudia is starting Principles of Accounting II and she is going to try really hard not to punch the wall or throw her book across the room anymore but she makes no promises... Now comes Chapter 14. “Why would a company issue bonds when it could just sell more stock to raise money?” Claudia muttered to herself, fuming. “It’s always better for a company to increase its equity than to increase its debt. Even I know that!” (1) Please evaluate Claudia’s comments. Do you agree? Is there any validity to what she said?

Which of the following people would not be considered an “Other Member” (OM) for Code of ProfessionalConduct purposes? Group of answer choices a. Tim, who has his CPA license, but is currently unemployed and traveling around the country living off his savings. b. Bolt, who has his CPA license, but is trying out retirement to see if it suits him. c. Margot, who has her CPA license, but is unemployed as she is devoting most of her time topursuing a sexual harassment lawsuit against her previous firm. d. Ananya, who has her CPA license and is an internal auditor for Frisbye Corporation.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely.

Michael just graduated with a degree in Accounting from State University. He worked hard in school but could only achieve a 2.95 GPA because he worked 40 hours a week to pay his own way through college. Unfortunately, Michael was unable to get a job because the recruiters all had a 3.0 GPA cut-off point. Michael stayed with his college job for another year but is anxious to start his public accounting career. One day he reads about a job opening with a local CPA firm. The entry-level position pays little but it’s a way for Michael to get his foot in the door. However, he knows there will be candidates for the position with a higher GPA than his so he is thinking about using his overall GPA, which was 3.25 including two years of community college studies, rather than his major GPA and the GPA at State, even though the advertisement asks for these two GPAs. Michael asks for your opinion before sending in the resume. What would you say to Michael and why?

Answer the following questions What do you think of Brad and Barbara’s seeking help for Brad’s parents? What prompted Richard to seek assistance? Was it only because of Brad and Barbara? What type of financial plan seems appropriate for Richard and Monica and why do you think Monica didn’t react more negatively to the financial news?

You friend Zach promises to help you with you homework tomorrow night.  You are really happy because you need help and say, "thank you so much!"  The next day Zach changes his mind and says he can't help you. Is Zach legally bound by his promise?

3) Steve just traded in his old car for a new Tesla. To help him pay off the monthly car loan, insurance premiums and gas, he is looking to be a driver for Uber as a night gig, after his full-time day job. He is 24 years old, and is a night owl, and thinks this is better use of his time than staying up late playing video games. As a resident of Québec, which statement(s) are true? When driving your car on the road, you are always required to have your private ☐ insurance certificate, your driver's licence and your car registration certificate with you. 11) Québec law requires that all vehicle owners hold a civil liability insurance policy of at least $50,000. This mandatory basic insurance covers property damage you may cause to others. 111) All Québecers are covered by Québec's public automobile insurance plan. IV) Québec's automobile insurance plan is no-fault coverage for everyone, regardless of who is responsible for a given car accident. V) Personal auto insurance policies…

Your doctor got to know that you are studying accounting and he has bought some shares from XYZ company. He received a lengthy financial report, so your doctor requests your advice as to whether he should contact the company to complain that the financial information is not understandable. Advise your doctor by justifying with GAAP principle

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.