Financial Reporting Paper MUST BE KNOWLEDGEABLE IN ACCOUNTING

/in /by

Using the Library and the Internet, identify a publically held multinational company of your choice. Research its filings to the SEC, particularly the 10-K and 10-Qs. Also, examine its annual report online. You will then prepare an APA research paper including the follow elements:

  1. What assumptions is the financial reporting model based on?
  2. What principles support the financial reporting model?
  3. Who oversees the accounting profession?
  4. What is the role of Congress in settling the concerns that arise with accounting firms and their clients?
  5. Describe how the annual report differs from the 10-K. What is contained in the annual report that is not in the 10-K and vice versa.
  6. How does the 10-K report differ in content from the 10-Q? What is the reason for the difference?
  7. Describe 2 disclosures in the 10-K that were surprising or interesting to you? Why were they interesting or surprising to you?

Submitting your assignment in APA format means, at a minimum, you will need the following:

  • Title page: Remember the running head and title in all capital letters.
  • Abstract: This is a summary of your paper, not an introduction. Begin writing in third-person voice.
  • Body: The body of your paper begins on the page following the title page and abstract page, and it must be double-spaced between paragraphs. The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 3–4 pages. In-text academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
  • Reference page: References that align with your in-text academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lower-case usage as appropriate for the type of resource used. Remember, the reference page is not a bibliography, but it is a further listing of the abbreviated in-text citations used in the paper. Every referenced item must have a corresponding in-text citation.
  • THE PAPER MUST BE IN 4-5 BODY PAGES NOT INCLUDING TITLE,ABSTRACT AND REFERENCE PAGE
  • MUST BE COMPLETED BY NOON EASTERN STANDARD TIME 07/14/2017

Prepare static budget report for 2 quarters

/in /by

BE10-1

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $315,000 budget; $305,000 actual.

BE10-2

Data for Croix Company are given in BE10-1. In the second quarter, budgeted sales were $384,000. Prepare a static budget report for the second quarter and for the year to date.

Sale of goods to Ammir was wrongly debited to Amir A/c instead of Ammir A/c. Both are debtors of the organization, this is an instance of:

/in /by

Sale of goods to Ammir was wrongly debited to Amir A/c instead of Ammir A/c. Both are debtors of the organization, this is an instance of:

A) Error of Principle

B) Error of Commission

C) Error of Ommission

D) Error of Original Entry

I. Solve the given problems and SHOW THE SOLUTION COMPUTATION. 1. A supermarket manager has determined that the amount of time customers spend in the supermarket is approximately normally distributed with a mean of 45 minutes and a standard deviation of

/in /by

I. Solve the given problems and SHOW THE SOLUTION COMPUTATION. 

1.       A supermarket manager has determined that the amount of time customers spend in the supermarket is approximately normally distributed with a mean of 45 minutes and a standard deviation of 6 minutes. Find the probability that:

a.       A customer spends less than 48 minutes in the supermarket.

b.      Customer spends between 39 and 43 minutes in the supermarket.

2.       It has been estimated that 40% of the televisions that the manufacturer makes need repairs in the first three years operation. A new hotel buys 90 televisions form the company. Find the probability that in the first three years operation:

a.       Less than 32 of the television needs repairs.

b.      Between 38 and 42 of the televisions, inclusive, needs repairs.

3.       A manager of a cafeteria wants to estimate the average time customers wait before being served. A sample of 49 customers has an average waiting time of 8.4 minutes with a standard deviation of 3.5 minutes.

a.       With 90% confidence, what can the manager conclude about the possible size of his error in using 8.4 minutes to estimate the true average waiting time?

b.      Find a 90% confidence interval for the true average customer waiting time. Show your solution.

c.       Repeat part (a) using 98% confidence interval.

d.      Repeat part (b) using 98% confidence interval.

4.       Two supermarket owners each claim that more customers enter their store than the other’s store. Survey was taken and it was found that in 60 days an average of 810 people per day entered the first store with a standard deviation of 40 people. A corresponding survey found that in 80 days an average of 800 people per day entered the second store with a standard deviation of 30 people.

a.       State the hypothesis if this is a two-tailed test.

b.      Conduct the two-tailed test with α = .05.

c.       Test the hypothesis that µ1 – µ2 = 5 against a two-tailed alternative.

d.      Explain under what condition

i.                     A Type I error would be committed.

ii.                   A Type II error would be committed.

e.      Suppose that α was not given and that the null hypothesis is rejected if x < 58 months and otherwise it is accepted. Find the probability of s Type I error.

5.       A bank would like to evaluate whether there is difference in the effectiveness in the methods they use to teach their management trainees. For the 10 employees that are taught by method 1 the average score of an evaluation examination was 86 with standard deviation of 6. For 12 employees taught by method 2 the average score was 81 with a standard deviation of 4.

a.       State the hypotheses for the two-tailed test in symbols.

b.      Conduct the hypothesis test using α = .05.

6.       The manufacturers of the deodorant claim that the mean drying time of their product is at most 15 minutes. A sample consisting of 16 cans of the product was used to test the manufacturer’s claim. The experiment yielded a mean drying time of 18 minutes with a standard deviation of 6 minutes. Test the claim at the 5% significant level.

develop and use emotional intelligence

/in /by

hi there,

there  wasn’t word limit but have to suitable for each task look like case study have  each task and scenario and question gonna be suitable or rach question have at least 100 words .

harvard reference 

In June 2011, Wendy Winger organized a corporation to provide aerial photography services. The company, called Aerial Views, began operations…

/in /by

In June 2011, Wendy Winger organized a corporation to provide aerial photography services. The company, called Aerial Views, began operations immediately. Transactions during the month of June were as follows:

June 1   The corporation issued 60,000 shares of capital stock to Wendy Winger in exchange for $60,000 cash.

June 2   Purchased a plane from Utility Aircraft for $220,000. Made a $40,000 cash down payment and issued a note payable for the remaining balance.

June 4   Paid Woodrow Airport $2,500 to rent office and hangar space for the month.

June 15   Billed customers $8,320 for aerial photographs taken during the first half of June.

June 15   Paid $5,880 in salaries earned by employees during the first half of June.

June 18   Paid Hannigan’s Hangar $1,890 for maintenance and repair services on the company plane.

June 25   Collected $4,910 of the amounts billed to customers on June 15.

June 30  Billed customers $16,450 for aerial photographs taken during the second half of the month.

June 30    Paid $6,000 in salaries earned by employees during the second half of the month.

June 30   Received a $2,510 bill from Peatree Petroleum for aircraft fuel purchased in June. The entire amount is due July 10.

June 30   Declared a $2,000 dividend payable on July 15.

The account titles used by Aerial Views are:

Cash

Accounts Receivable

Aircraft

 Notes Payable

Accounts Payable

Dividends Payable

 Capital Stock

Retained Earnings

Dividends

Aerial Photography Revenue

Maintenance Expense

Fuel Expense

Salaries Expense

Rent Expense

A. Analyze the effects that each of these transactions will have on the following six components of the company’s financial statements for the month of June. Organize your answers in tabular form using the column headings shown. Use I for increase, D for decrease, and NE for no effect. The June 1 transaction is provided for you:

Income Statement                                                 Balance Sheet

Transaction      Revenue – Expenses = Net Income     Assets = Liabilities + Owners’ Equity

June1               NE       NE                   NE                   I                      NE                   I

B. Prepare journal entries (including explanations) for each transaction.

C. Post each transaction to the appropriate ledger accounts (use a running balance format)

D. Prepare a trial balance dated June 30, 2011.

E. Using figures from the trial balance prepared in part d, compute total assets, total liabilities, and owners equity. Are these the figures that the company will report in its June 30 balance sheet? Explain your answer briefly.

M1-Assignment 2: Discussion—Munger’s Mental Models

/in /by

In his article “A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business,” Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop.

Consider Munger’s thoughts on the importance of mental models. Respond to the following:

  • In your own words, describe what Munger means by mental models.
  • Examine how Munger’s concept of mental models has changed your ideas of decision making in investment management and business.
  • Describe at least one example from your own experience where your perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision.
  • Explain how this experience has affected your decision-making process.

Munger, C. T. (1995). A lesson on elementary, worldly wisdom as it relates to investment management & business. Outstanding Investor Digest, 1, 49–63.

By Saturday, July 18, 2015, post your response to the appropriate Discussion Area. Through Monday, July 20, 2015, review and comment on at least two peers’ responses.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Do the following when responding to your peers:

  • Read your peers’ answers.
  • Provide substantive comments by
    • contributing new, relevant information from course readings, Web sites, or other sources;
    • building on the remarks or questions of others; or
    • sharing practical examples of key concepts from your professional or personal experiences
  • Respond to feedback on your posting and provide feedback to other students on their ideas.
  • Make sure your writing
    • is clear, concise, and organized;
    • demonstrates ethical scholarship in accurate representation and attribution of sources; and
    • displays accurate spelling, grammar, and punctuation.

Grading Criteria

Assignment Components
Max Points

Initial response was:

  • Insightful, original, accurate, and timely.
  • Substantive and demonstrated advanced understanding of concepts.
  • Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions.

16

Discussion Response and Participation:

  • Responded to a minimum of two peers in a timely manner.
  • Offered points of view supported by research.
  • Asked challenging questions that promoted discussion.
  • Drew relationships between one or more points in the discussion.

16

Writing:

  • Wrote in a clear, concise, formal, and organized manner.
  • Responses were error free.
  • Information from sources, where applicable, was paraphrased appropriately and accurately cited.

8
Total:
40 

For ann

/in /by

 Answer questions with APA reference

  1. What is a conflict of interest? Please, provide an example you have encountered or are aware of from your business or personal life.
  2. Assume an employee is responsible for purchasing an apartment complex on behalf of his company. The employee owns stock in the management company that operates the apartment complex. The employee does not let his company know about his stock ownership and proceeds to make the purchase. Why does this example represent a conflict of interest?
  3. Management of a cellular phone company learns a new technical advance will occur within the next year that will make the company’s current phones and related products obsolete. As a result, there is a strong chance the company will close. When financial statements appear for auditors, management does not reveal its knowledge of the new technology. In this case, what accounting and reporting concepts are involved?
  4. What is the motivation for violating the generally accepted accounting principle of matching revenues and expenses? What is the result of committing this fraud?

Week 2 Discussion Post 1 Minimum of 250 words APA Format

/in /by

Week 2 Discussion Post 1 Minimum of 250 words APA Format

Why do you think there is a difference in recording capital vs. operating leases? Do you think this difference is valid or should all leases be recorded the same? Do not forget to note your source and in-text citation in APA format and include the complete library website or document number. 

Taxation Discussion post 8

/in /by

What is UBIT and what are some exceptions to the rule? Why do you think these exceptions exist? What is the significance of the “regularly carried on” test as it relates to UBIT?