Answer this question Using the Google drive liink below it hhas the case study In the scenario, Sharp’s employer has been putting more emphasis on controlling costsfor the various businesses. With the slowing of overall spending in the construction sector,Travolta had ordered managers to closely monitor expenses. He had sold several companiesand has given vice presidents greater responsibility for statements of financial positions. Whatpositive and negative consequences might this pose to the company in future fraud prevention?Outline at least three of each type. Please use sources and insert intext citiations Apa 7 format in the answer and provide the links and references below. https://docs.google.com/document/d/1MpthrFl3eAnMKR-EprYRP9sMo8Ll0WtbhxhpGtLbdcw/edit?usp=sharing
Q: General Finance
A: The ones on the debit column in a trial balance are assets, expenses and dividends declared. Since…
Q: Please help with this question
A: Part A: Compute the Bond's Expected Rate of Return (Yield to Maturity - YTM) Part B: Determine the…
Q: Option should be match. please don't use ai if option will not match means answer is incorrect . Ai…
A: The company wants to repay a loan of $10,000 in 5 years using a sinking fund. The sinking fund earns…
Q: Problem 5-5 Calculating IRR A firm has a project with the following cash flows: Year Cash Flow 0…
A: The question requires the determination of the IRR.IRR or the internal rate of return pertains to…
Q: For this problem, all M&M with taxes (40%) assumptions apply. After a successful college…
A: Firm's beta is the asset beta (a measure of risk that the firm exhibits independent of its capital…
Q: I need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain
A: Given DataFuel: Acetylene gas C2H2 Initial temperature of fuel and air: Tinitial=25∘C=298K…
Q: If the discount rate were 14%, how much should Amazon pay for the company today, at most, if it has…
A: 1. maximum Amazon should pay for the company today, considering a 14% discount if it has a ten-year…
Q: What are the research assumptions, and the research limitations, please give examples for each one,…
A: 1. Research AssumptionsResearch assumptions are fundamental beliefs or conditions that researchers…
Q: How has AirBnb positively affected the US and global economy? How has Airbnb positively affected the…
A: Airbnb has had a significant positive impact on the US and global economy. It has created a new…
Q: Please correct answer and don't used hand raiting
A: To estimate the euro cost of capital for the project in the scenario provided, the analysis hinges…
Q: I need do fast typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with…
A: Detailed explanation: Initial Situation: Long-Run EquilibriumBefore any of the changes occur, the…
Q: What depreciation method does Airbnb employ and how does this depreciation method works? Does Airbnb…
A: Airbnb applies the straight-line method for depreciation of property, plant, and equipment…
Q: Explain proper client questioning techniques as described by Neil Rackham in his book SPIN Selling…
A: Neil Rackham's SPIN Selling Techniques give a scientific base for questioning clients, and they can…
Q: On the issue date, you bought a 20-year maturity, 5.85% semi-annual coupon bond. The bond then sold…
A: The price of the bond when it was purchased can be calculated using the formula for the price of a…
Q: You plan to save $X per year for 8 years, with your first savings contribution later today. You then…
A:
Q: Scenario 2: The homepage for Coca-Cola Company can be found at coca-cola.com Links to an external…
A: Here are APA-style citations for the sources used:For Coca-Cola's annual report (book value of…
Q: Could you please help to explain the DMAIC phases and how a researcher would use them to conduct a…
A: DMAIC Phases and Circuit City's Collapse.The DMAIC methodology is a structured, data-driven approach…
Q: Don't used hand raiting and don't used Ai solution
A: Step 1: Given Value for calculation Compound = Semiannually = 2Time = t = 16 * 2 = 32Interest Rate =…
Q: You own investment A and 10 bonds of bond B. The total value of your holdings is $12,185.28. Bond B…
A:
Q: How much do investor psychology and market sentiment play into stock price movements? Do these…
A: The Role of Investor Psychology and Market Sentiment in Stock Price MovementsIntroductionInvestor…
Q: Please correct answer and don't used hand raiting
A:
Q: The amount in a fund one and a half years from today is equal to 100. Find the present value of the…
A: The problem is asking us to find the present value of a fund that will be worth 100 in one and a…
Q: The standard deviation of a portfolio Blank______ as the number of securities in the portfolio…
A: In finance, the standard deviation is a measure of the dispersion of a set of returns, used to…
Q: TIME TO REACH A FINANCIAL GOAL You have $42,180.53 in a brokerage account, and you plan to deposit…
A: From the question, we can identify the following variables:Present Value (PV) = $42,180.53Future…
Q: 4 years ago, you invested $3,600. In 2 years, you expect to have $7,201. If you expect to earn the…
A:
Q: The security market line (SML) shows that the relationship between a security's expected return and…
A: The Security Market Line (SML) is a graphical representation of the Capital Asset Pricing Model…
Q: TASK DESCRIPTION This assignment is comprised of two discrete tasks that each align with one of the…
A: Okay, so I need to tackle this task where I have to write an informal business report on a FTSE 100…
Q: You plan to retire in 4 years with $659,371. You plan to withdraw $100,000 per year for 12 years.…
A: Solving; Final Answer:r=6.08%This means the required annual return rate is 6.08% per year to meet…
Q: Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he…
A: We need to determine how much your father will need as an annuity payment each year during…
Q: Could you help to explain: How researchers can demonstrate Biblical ethics when conducting a…
A: In order to conduct a literature review in accordance with biblical ethics, it is necessary to…
Q: What are some of Airbnb Legal Issues? How have Airbnb Resolved these Legal issues?WHat happened in…
A: Airbnb, like many other disruptive startups, has faced a number of legal challenges. These issues…
Q: While computing the weighted average cost of capital, the is the better alternative when the…
A: The Weighted Average Cost of Capital (WACC) is a financial metric that shows the average rate of…
Q: Hi I am stuck on how to fill our this chart for corporate finance. I need to fill in the black…
A: 1.Expected Return on Equity (RE): Calculated using CAPM: βE increases as leverage (debt…
Q: Don't used Ai solution and don't used hand raiting
A: a. Cost of Equity After Recapitalization:The formula for the cost of equity after recapitalization…
Q: Anderson is a portfolio manager at a reputable investment firm, Beta Investments. His job involves…
A: To address the ethical dilemma presented in this scenario, I applied a structured approach rooted in…
Q: Explain why financial institutions generally engage in foreign exchange tradingactivities. Provide…
A: Financial institutions engage in foreign exchange (forex) trading activities for a variety of…
Q: What is the research design? How does it work? What are the differences between Research design and…
A: ReferencesCreswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative,…
Q: 9. Calculating Payments [LO3] The Bandon Pine Corporation's purchases from suppliers in a quarter…
A: Sales$2,250$2,730$2,390$2,190$2,475 Q1Q2Q3Q4 Payments of accounts ( note -1)$1808$1963$1743$1714…
Q: General Finance
A: To solve the problem using the Capital Asset Pricing Model (CAPM) formula, we use the equation: Cost…
Q: For an operating lease, substantially all the risks and rewards of ownership remain with the…
A: Detailed explanation:Question 1. Answer. LessorIn an operating lease, the lessor retains the…
Q: Jerome Moore invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20…
A: To determine the present value of all future benefits from the investment, we will discount each…
Q: What is considered to be "living on the edge"? Explain.
A: Feel free to ask for clarification if you have any questions or if you need additional answers.Feel…
Q: Please help me with question 7-5
A: 7-1. Distinguish between Debentures and Mortgage Bonds Debentures:Definition: Unsecured bonds or…
Q: Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns…
A:
Q: Don't used hand raiting and don't used Ai solution
A: Let's solve these present value and interest calculation problems.9. Present Value CalculationFuture…
Q: According to the constant dividend growth model, what is the required return on a stock (RE) if the…
A: The Constant Dividend Growth Model, also known as the Gordon Growth Model, is a model used to value…
Q: Q1: You are an analyst in charge of valuing common stocks. You have been asked to value two stocks.…
A: ## Q1: Retirement Planning for Blossom### (a) How much money does Blossom need when she retires at…
Q: Suppose that Calloway golf would like to capitalize on Phil Michelson winning the Open Championship…
A: The problem requires the determination of the cash flows for year 2. Cash flow refers to the amount…
Q: Given that Merck and Pfizer both face revenue risks from patent expirations, how do you think…
A: Merck and Pfizer, like many pharmaceutical companies, face significant revenue risks due to patent…
Q: Under the subjective approach for project evaluation, all proposed projects are placed into several…
A: Under the subjective approach for project evaluation, all proposed projects are placed into several…
Answer this question Using the Google drive liink below it hhas the case study
In the scenario, Sharp’s employer has been putting more emphasis on controlling costs
for the various businesses. With the slowing of overall spending in the construction sector,
Travolta had ordered managers to closely monitor expenses. He had sold several companies
and has given vice presidents greater responsibility for
positive and negative consequences might this pose to the company in future fraud prevention?
Outline at least three of each type. Please use sources and insert intext citiations Apa 7 format in the answer and provide the links and references below.
https://docs.google.com/document/d/1MpthrFl3eAnMKR-EprYRP9sMo8Ll0WtbhxhpGtLbdcw/edit?usp=sharing

Step by step
Solved in 2 steps

- Consider the following conversation between Gary Means, manager of a division that produces industrial machinery, and his controller, Donna Simpson, a certified management accountant and certified public accountant: Gary: Donna, we have a real problem. Our operating cash is too low, and we are in desperate need of a loan. As you know, our financial position is marginal, and we need to show as much income as possibleand our assets need bolstering as well. Donna: I understand the problem, but I dont see what can be done at this point. This is the last week of the fiscal year, and it looks like well report income just slightly above breakeven. Gary: I know all this. What we need is some creative accounting. I have an idea that might help us, and I wanted to see if you would go along with it. We have 200 partially finished machines in process, about 20% complete. That compares with the 1,000 units that we completed and sold during the year. When you computed the per-unit cost, you used 1,040 equivalent units, giving us a manufacturing cost of 1,500 per unit. That per-unit cost gives us cost of goods sold equal to 1.5 million and ending work in process worth 60,000. The presence of the work in process gives us a chance to improve our financial position. If we report the units in work in process as 80% complete, this will increase our equivalent units to 1,160. This, in turn, will decrease our unit cost to about 1,345 and cost of goods sold to 1.345 million. The value of our work in process will increase to 215,200. With those financial stats, the loan would be a cinch. Donna: Gary, I dont know. What youre suggesting is risky. It wouldnt take much auditing skill to catch this one. Gary: You dont have to worry about that. The auditors wont be here for at least 6 to 8 more weeks. By that time, we can have those partially completed units completed and sold. I can bury the labor cost by having some of our more loyal workers work overtime for some bonuses. The overtime will never be reported. And, as you know, bonuses come out of the corporate budget and are assigned to overheadnext years overhead. Donna, this will work. If we look good and get the loan to boot, corporate headquarters will treat us well. If we dont do this, we could lose our jobs. Required: 1. Should Donna agree to Garys proposal? Why or why not? To assist in deciding, review the corporate code of ethics standards described in Chapter 1. Do any apply? 2. Assume that Donna refuses to cooperate and that Gary accepts this decision and drops the matter. Does Donna have any obligation to report the divisional managers behavior to a superior? Explain. 3. Assume that Donna refuses to cooperate; however, Gary insists that the changes be made. Now what should she do? What would you do? 4. Suppose that Donna is 63 and that the prospects for employment elsewhere are bleak. Assume again that Gary insists that the changes be made. Donna also knows that his supervisor, the owner of the company, is his father-in-law. Under these circumstances, would your recommendations for Donna differ?Indicate whether each of the following statements is true or false. Section 302 of Sarbanes-Oxley requires the CEO and CFO to review all financial reports and sign the reports. One of the three questions put forth by the Institute of Business Ethics is Do I mind others knowing what I have done? Ethical issues may be faced on a small scale, such as making a business decision to produce excess inventory for the sole purpose of trying to influence managers bonuses. A manager who spends excess budgeted funds remaining at the end of a fiscal year on unnecessary expenditures thinking that it is better to use it than lose it is acting ethically. The Foreign Corrupt Practices Act was implemented in 2001 to protect investors by enhancing the accuracy and reliability of corporate financial statements and disclosures.Consider the dilemma you might someday face if you are the chief financial officer of a company that is struggling to maintain a positive cash flow, despite the fact that the company is reporting a substantial positive net income. Maybe the problem is so severe that there is often insufficient cash to pay ordinary business expenses, like utilities, salaries, and payments to suppliers. Assume that you have been asked to communicate to your board of directors about your companys year, in retrospect, as well as your vision for the companys future. Write a memo that expresses your insights about past experience and present prospects for the company. Note that the challenge of the assignment is to keep your integrity intact, while putting a positive spin on the situation, as much as is reasonably possible. How can you envision the situation turning into a success story?
- Karen Johnson, CFO for Raucous Roasters (RR), a specialty coffee manufacturer, is rethinking her company’s working capital policy in light of a recent scare she faced when RR’s corporate banker, citing a nationwide credit crunch, balked at renewing RR’s line of credit. Had the line of credit not been renewed, RR would not have been able to make payroll, potentially forcing the company out of business. Although the line of credit was ultimately renewed, the scare has forced Johnson to examine carefully each component of RR’s working capital to make sure it is needed, with the goal of determining whether the line of credit can be eliminated entirely. In addition to (possibly) freeing RR from the need for a line of credit, Johnson is well aware that reducing working capital will improve free cash flow. Historically, RR has done little to examine working capital, mainly because of poor communication among business functions. In the past, the production manager resisted Johnson’s efforts to question his holdings of raw materials, the marketing manager resisted questions about finished goods, the sales staff resisted questions about credit policy (which affects accounts receivable), and the treasurer did not want to talk about the cash and securities balances. However, with the recent credit scare, this resistance has become unacceptable and Johnson has undertaken a company-wide examination of cash, marketable securities, inventory, and accounts receivable levels. Johnson also knows that decisions about working capital cannot be made in a vacuum. For example, if inventories could be lowered without adversely affecting operations, then less capital would be required, and free cash flow would increase. However, lower raw materials inventories might lead to production slowdowns and higher costs, and lower finished goods inventories might lead to stockouts and loss of sales. So, before inventories are changed, it will be necessary to study operating as well as financial effects. The situation is the same with regard to cash and receivables. Johnson has begun her investigation by collecting the ratios shown here. (The partial cash budget shown after the ratios is used later in this mini case.) Johnson plans to use the preceding ratios as the starting point for discussions with RR’s operating team. Based on the data, does RR seem to be following a relaxed, moderate, or restricted current asset usage policy?As manager of department B in MarIeys Manufacturing, based on the costs you identified in the previous exercise for further research, how does this impact the financial performance of your department, and what might be some questions you want to ask or solutions you might propose to Marleys management?A sales manager is trying to determine appropriate sales performance bonuses for her team this year. The following table contains the data relevant to determining the bonuses, but it is not easy to read and interpret. Reformat the table to improve readability and to help the sales manager make her decisions about bonuses.
- What should an organization do if performance measures change? A. Make sure that the manager being evaluated is aware of the measurement change, as this may affect his or her decision-making. B. Make sure that the manager benefits without the corporation also benefitting. C. Make sure that there are significant overriding opportunities for each manager, if the manager is unaware of the change. D. Obtain customer surveys on the change before communicating the change to the manager.Assume you have been hired by Hilton Hotels and Resorts. As part of your new role in the accounting department, you have been tasked to set up a responsibility accounting structure for the company. As your first task, your supervisor has asked you to give an example of a cost center, profit center, and an investment center within the Hilton organization. Your supervisor is a little unsure of the difference between a profit center and investment center and would like you to explain the difference.Cost Information and Ethical Behavior, Service Organization Jean Erickson, manager and owner of an advertising company in Charlotte, North Carolina, arranged a meeting with Leroy Gee, the chief accountant of a large, local competitor. The two are lifelong friends. They grew up together in a small town and attended the same university. Leroy is a competent, successful accountant but is having some personal financial difficulties after some of his investments turned sour, leaving him with a 15,000 personal loan to pay offjust when his oldest son is starting college. Jean, on the other hand, is struggling to establish a successful advertising business. She had recently acquired the rights to open a branch office of a large regional advertising firm headquartered in Atlanta, Georgia. During her first 2 years, she was able to build a small, profitable practice. However, the chance to gain a significant foothold in Charlotte hinged on the success of winning a bid to represent the state of North Carolina in a major campaign to attract new industry and tourism. The meeting she had scheduled with Leroy concerned the bid she planned to submit. Jean: Leroy, Im at a critical point in my business venture. If I can win the bid for the states advertising dollars, Ill be set. Winning the bid will bring 600,000 to 700,000 of revenues into the firm. On top of that, I estimate that the publicity will bring another 200,000 to 300,000 of new business. Leroy: I understand. My boss is anxious to win that business as well. It would mean a huge increase in profits for my firm. Its a competitive business, though. As new as you are, I doubt that youll have much chance of winning. Jean: Youre forgetting two very important considerations. First, I have the backing of all the resources and talent of a regional firm. Second, I have some political connections. Last year, I was hired to run the publicity side of the governors campaign. He was impressed with my work and would like me to have this business. I am confident that the proposals I submit will be very competitive. My only concern is to submit a bid that beats your firm. If I come in with a lower bid and good proposals, the governor can see to it that I get the work. Leroy: Sounds promising. If you do win, however, there will be a lot of upset people. After all, they are going to claim that the business should have been given to local advertisers, not to some out-of-state firm. Given the size of your office, youll have to get support from Atlanta. You could take a lot of heat. Jean: True. But I am the owner of the branch office. That fact alone should blunt most of the criticism. Who can argue that Im not a local? Listen, with your help, I think I can win this bid. Furthermore, if I do win it, you can reap some direct benefits. With that kind of business, I can afford to hire an accountant, and Ill make it worthwhile for you to transfer jobs. I can offer you an up-front bonus of 15,000. On top of that, Ill increase your annual salary by 20%. That should solve most of your financial difficulties. After all, we have been friends since day oneand what are friends for? Leroy: Jean, my wife would be ecstatic if I were able to improve our financial position as quickly as this opportunity affords. I certainly hope that you win the bid. What kind of help can I provide? Jean: Simple. To win, all I have to do is beat the bid of your firm. Before I submit my bid, I would like you to review it. With the financial skills you have, it should be easy for you to spot any excessive costs that I may have included. Or perhaps I included the wrong kind of costs. By cutting excessive costs and eliminating costs that may not be directly related to the project, my bid should be competitive enough to meet or beat your firms bid. Required: 1. What would you do if you were Leroy? Fully explain the reasons for your choice. What do you suppose the code of conduct for Leroys company would say about this situation? 2. What is the likely outcome if Leroy agrees to review the bid? Is there much risk to him personally if he reviews the bid? Should the degree of risk have any bearing on his decision?
- The following strategic objectives have been derived from a strategy that seeks to improve asset utilization by more careful development and use of its human assets and internal processes: a. Increase revenue from new products. b. Increase implementation of employee suggestions. c. Decrease operating expenses. d. Decrease cycle time for the development of new products. e. Decrease rework. f. Increase employee morale. g. Increase customer satisfaction. h. Increase access of key employees to customer and product information. i. Increase customer acquisition. j. Increase return on investment (ROI). k. Increase employee productivity. l. Decrease the collection period for accounts receivable. m. Increase employee skills. The heart of the strategy is developing the companys human resources. Management is convinced that empowering employees will lead to an increase in economic returns. Studies have shown that there is a positive relationship between employee morale and customer satisfaction. Furthermore, the more satisfied customers pay their bills more quickly. It was hypothesized that as employees became more involved and more productive, their morale would improve. Thus, the strategy incorporated key objectives that would lead to an increase in productivity and involvement. Required: 1. Classify the objectives by perspective, and suggest a measure for each objective. 2. Prepare a strategy map that illustrates the likely causal relationships among the strategic objectives.Consider the dilemma you might someday face if you are the CFO of a company that is struggling to satisfy investors, creditors, stockholders, and internal company managers. All of these financial statement users are clamoring for higher profits and more net assets (also known as equity). If at some point, you suddenly found yourself not meeting the internal and external earnings and equity targets that these parties expect, you would probably search for some way to make the financial statements look better. What if your boss, the CEO, suggested that maybe you should make just one simple journal entry to record all the goods that your company is holding on consignment, as if that significant amount of goods were owned by your company? She might say that this action on your part would fix a lot of problems at once, since adding the consigned goods to merchandise inventory would simultaneously increase net assets on the balance sheet and increase net income on the income statement (since it would decrease cost of goods sold). How would you respond to this request? Write a memo, detailing your willingness or not to embrace this suggestion, giving reasons behind your decision. Remember to exercise diplomacy, even if you must dissent from the opinion of a supervisor. Note that the challenge of the assignment is to keep your integrity intact while also keeping your job, if possible.Read the following scenario about Strang Corporation and identify the substantive procedures that the CPA (Elaine Stanley) should perform to determine whether lapping exists. Do not discuss deficiencies in the system of internal control. During the year, Strang Corporation began to encounter cash flow difficulties, and a cursory review by management revealed receivable collection problems. Strang’s management engaged Elaine Stan ley, CPA, to perform a special investigation. Stanley studied the billing and collection cycle and noted the following: The accounting department employs one bookkeeper who receives and opens all incoming mail. This bookkeeper is also responsible for depositing receipts, filing daily remittance advices, recording receipts in the cash receipts journal, and posting receipts in the individual customer accounts and the general ledger accounts. There are no cash sales. The bookkeeper prepares and controls the mailing of monthly statements to customers. The concentration of functions and the receivable collection problems caused Stanley to suspect that a systematic theft of customers’ payments through a delayed posting of remittances (lapping of accounts receivable) is present.





