...Learning Team D Assignment E7-2 Culotti’s Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked. Instructions Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all the principles.) 1) Establishment of Responsibility, depending on whether one or more employees are taking the monies from the customer, could cause a problem with the cash register being short. The manager then would not be able to know the person responsible for this. 2) Segregation of Duties, this internal control is where the customers are seeing different employees making the pizzas. The book did not state if any one employee had a particular job of making the pizza. 3) There is no document procedure in this story. 4) Physical, Mechanical, and Electronic Controls, in the story there is no mention of the company having any of the control methods that would safeguard the company. However, most companies do have alarms to ensure the safety of their company. 5) Independent Internal Verification, this internal control is implemented on the cash register receipt, which must be exact to the amount in the register. The company could explore the option of having...
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...ACC 400 ENTIRE COURSE To purchase this visit following link: http://www.activitymode.com/product/acc-400-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 400 ENTIRE COURSE ACC 400 Entire Course ACC 400 Week 1 DQ 1 ACC 400 Week 1 DQ 2 ACC 400 Week 1 DQ 3 ACC 400 Week 1 Individual Current and Noncurrent Asset Paper ACC 400 Week 2 DQ 1 ACC 400 Week 2 DQ 2 ACC 400 Week 2 DQ 3 ACC 400 Week 2 Individual Questions from the readings ACC 400 Week 2 LTA Assignments from Readings ACC 400 Week 3 DQ 1 ACC 400 Week 3 DQ 2 Horizontal Analysis ACC 400 ENTIRE COURSE To purchase this visit following link: http://www.activitymode.com/product/acc-400-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 400 ENTIRE COURSE ACC 400 Entire Course ACC 400 Week 1 DQ 1 ACC 400 Week 1 DQ 2 ACC 400 Week 1 DQ 3 ACC 400 Week 1 Individual Current and Noncurrent Asset Paper ACC 400 Week 2 DQ 1 ACC 400 Week 2 DQ 2 ACC 400 Week 2 DQ 3 ACC 400 Week 2 Individual Questions from the readings ACC 400 Week 2 LTA Assignments from Readings ACC 400 Week 3 DQ 1 ACC 400 Week 3 DQ 2 Horizontal Analysis ACC 400 ENTIRE COURSE To purchase this visit following link: http://www.activitymode.com/product/acc-400-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 400 ENTIRE COURSE ACC 400 Entire Course ACC 400 Week 1 DQ 1 ACC 400 Week 1 DQ 2 ACC 400 Week 1 DQ 3 ACC 400 Week 1 Individual Current and Noncurrent Asset Paper ACC 400 Week 2 DQ 1 ACC...
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...ACC 400 ENTIRE COURSE TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-400-entire-course/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 400 ENTIRE COURSE ACC 400 Week 1 DQ 1 ACC 400 Week 1 DQ 2 ACC 400 Week 1 DQ 3 ACC 400 Week 1 Individual Current and Noncurrent Asset Paper ACC 400 Week 2 DQ 1 ACC 400 Week 2 DQ 2 ACC 400 Week 2 DQ 3 ACC 400 Week 2 Individual Questions from the readings ACC 400 Week 2 LTA Assignments from Readings ACC 400 Week 3 DQ 1 ACC 400 Week 3 DQ 2 Horizontal Analysis ACC 400 Week 3 Individual Assignments from Readings ACC 400 Week 3 Learning Team Assignment E11-1 ACC 400 Week 4 DQ 1 ACC 400 Week 4 DQ 2 ACC 400 Week 4 DQ 3 ACC 400 Week 4 LTA Interpreting Financial Statements Report ACC 400 Week 4 Power Point Presentation ACC 400 Week 5 Assignments BYP13-7 23.10 and 23.12 ACC 400 Week 5 DQ 1 ACC 400 Week 5 DQ 2 ACC 400 Week 5 Final Exam ACC 400 Week 5 Individual Assignment Debt versus Equity Financing Paper ACC 400 ENTIRE COURSE ACC 400 Week 1 DQ 1 ACC 400 Week 1 DQ 2 ACC 400 Week 1 DQ 3 ACC 400 Week 1 Individual Current and Noncurrent Asset Paper ACC 400 Week 2 DQ 1 ACC 400 Week 2 DQ 2 ACC 400 Week 2 DQ 3 ACC 400 Week 2 Individual Questions from the readings ACC 400 Week 2 LTA Assignments from Readings ACC 400 Week 3 DQ 1 ACC 400 Week 3 DQ 2 Horizontal Analysis ACC 400 Week 3 Individual Assignments from Readings ACC 400 Week 3 Learning Team Assignment E11-1 ACC 400 Week 4 DQ 1 ACC 400...
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...Loren Meyer Acc 400 Case 17-37 1. Your client has declined to depreciate its assets this year because the depreciation expense would reduce the year's small income to a loss. 2. A client's financial statements follow GAAP, but you wish to emphasize that the client is a subsidiary of Webster Corporation in the audit report. 3. In auditing the long-term investments account of a new client, you are unable to obtain audited financial statements for the investee located in a foreign country. You conclude that sufficient appropriate audit evidence regarding this investment cannot be obtained. 4. Due to a very major lawsuit, you have substantial doubt about a client's ability to continue as a going concern for a reasonable period of time. The financial statement disclosures related to this lawsuit are adequate. 5. You decide not to take responsibility for the work of the component auditors who audited a 70 percent owned subsidiary and issued an unmodified opinion. The total assets and revenues of the subsidiary are 5 percent and 8 percent, respectively, of the total assets and revenues of the entity being audited. 6. You decide to take responsibility for the work of the component auditors who audited a 70 percent owned subsidiary and issued an unmodified opinion. The total assets and revenues of the subsidiary are 5 percent and 8 percent, respectively, of the total assets and revenues of the entity being audited. 7. A company has changed the remaining life...
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...GUIDELINES...............................................................................7 REAR YARD FENCE GUIDELINES ......................................................................................9 PLAY EQUIPMENT GUIDELINES ......................................................................................11 SATELLITE RECEIVER (DISH) GUIDELINES ..................................................................13 GENERAL IMPROVEMENTS, LANDSCAPE & MAINTENANCE GUIDELINES..........14 LIST OF RECOMMENDED PLANT SPECIES ....................................................................19 EXHIBIT A REQUEST FORM 2 CHRISTENBURY MASTER ASSOCIATION, INC. ARCHITECTURAL CONTROL COMMITTEE INTRODUCTION The Architectural Control Committee (ACC) is providing the attached Architectural Design Guidelines (“Guidelines”) in accordance with that Declaration of Covenants, Easements, Conditions and Restrictions (“Declaration”), for purposes of establishing and maintaining exterior design elements throughout Christenbury. This document should be filed with the homeowners’ copy of the Declaration received at closing. It is the responsibility of each homeowner to pass along the Declaration and Guidelines to any future buyer of their home at Christenbury. It is important to note that the Guidelines are applicable to most all future building exterior and property...
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...Jose Cando ENGL-2327 April 26, 2014 Balcones Fiction and Poetry Winners Reading Event: Natalie Diaz’s Reading of When My Brother Was an Aztec Outside the ACC Theater on April 9th, the public was greeted by tables of refreshment including fruits cheeses and crackers which was a nice surprise. Although, I had expected a packed theater, only about forty people were waiting inside. The event started at 6:30 pm when Charlotte Gullick, the chair of the creative a writing department took the stage. After promoting some of creative writing classes at ACC, she described the significance of the Balcones prizes. A teacher from the English department took the stage next to talk a little more about the Balcones prize. He pointed out that Natalie Diaz was the sixteenth winner of this prize. He described Ms. Diaz as a woman with her foot “in three different worlds.” Her childhood was spent on the Mojave reservation in the California Desert. She attended college in Virginia on a basketball scholarship, and from there she played professional basketball in Europe and Asia. After injuring her knee, she left basketball to study poetry in graduate school. Therefore, he claimed, she has a foot in the worlds of the reservation, basketball and poetry. With that, he welcomed Nathalie to the stage. Nathalie jumped into reading her poem, “When My Brother Was an Aztec.” I was shocked to hear the bitterness and resentment in her voice as she describe her brother as a nasty and careless force which...
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...ACC 400 FINAL EXAM Click Link Below To Buy: http://hwcampus.com/shop/acc-400-final-exam/ 1. Which of the following is not a characteristic of managerial accounting? A. Reports are used primarily by insiders rather than by persons outside of the business entity. B. Its purpose is to assist managers in planning and controlling business operations. C. Information must be developed in conformity with generally accepted accounting principles or with income tax regulations. D. Information may be tailored to assist in specific managerial decisions. 2. In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is less likely to: A. Focus upon the entire organization as the accounting entity. B. Focus upon future accounting periods. C. Make use of estimated amounts. D. Be tailored to the specific needs of an individual decision maker. 3. Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $100,000 Direct labor $75,000 Electricity used in the Factory $25,000 Factory foreperson salary $3,750 Maintenance of factory machinery $2,000 Alton Company's total product costs: A. $175,000. B. $30,750. C. $205,750. D. $28,750. Particulars Amount Raw materials $ 1,00,000 Direct labor $ 75,000 Electricity used in the Factory $ ...
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...ACC 400 FINAL EXAM Click Link Below To Buy: http://hwcampus.com/shop/acc-400-final-exam/ 1. Which of the following is not a characteristic of managerial accounting? A. Reports are used primarily by insiders rather than by persons outside of the business entity. B. Its purpose is to assist managers in planning and controlling business operations. C. Information must be developed in conformity with generally accepted accounting principles or with income tax regulations. D. Information may be tailored to assist in specific managerial decisions. 2. In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is less likely to: A. Focus upon the entire organization as the accounting entity. B. Focus upon future accounting periods. C. Make use of estimated amounts. D. Be tailored to the specific needs of an individual decision maker. 3. Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $100,000 Direct labor $75,000 Electricity used in the Factory $25,000 Factory foreperson salary $3,750 Maintenance of factory machinery $2,000 Alton Company's total product costs: A. $175,000. B. $30,750. C. $205,750. D. $28,750. Particulars Amount Raw materials $ 1,00,000 Direct labor $ 75,000 Electricity used in the Factory $ ...
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...ACC 400 WEEK 3 DQS To purchase this visit here: http://www.nerdypupil.com/product/acc-400-week-3-dqs/ Contact us at: nerdypupil@gmail.com ACC 400 WEEK 3 DQS What is horizontal analysis? What is the value in using horizontal analysis? Why woulda company use this analysis? What does this analysis tell you? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 400 Week 3 DQs in order to ace their studies. ACC 400 WEEK 3 DQS To purchase this visit here: http://www.nerdypupil.com/product/acc-400-week-3-dqs/ Contact us at: nerdypupil@gmail.com ACC 400 WEEK 3 DQS What is horizontal analysis? What is the value in using horizontal analysis? Why woulda company use this analysis? What does this analysis tell you? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 400 Week 3 DQs in order to ace their studies. ACC 400 WEEK 3 DQS To purchase this visit here: http://www.nerdypupil.com/product/acc-400-week-3-dqs/ Contact us at: nerdypupil@gmail.com ACC 400 WEEK 3 DQS What is horizontal analysis? What is the value in using horizontal analysis? Why woulda company use this analysis? What does this analysis tell you? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 400 Week 3 DQs in order to ace their studies. ACC 400 WEEK 3 DQS To purchase this visit here: http://www.nerdypupil.com/product/acc-400-week-3-dqs/ Contact us at: nerdypupil@gmail.com ...
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...Week 1 Assignment from the textbook Nancy Schwartz ACC/400 January 25, 2016 Lee Kroll BE16.9 Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computer games. The games are sent directly to Star, and after the games are repaired, Star bills the gam manufacturer for cost plus a 20 percent markup. In the month of February, purchases of parts (replacement parts) by Star amounted to $97,000, the beginning of inventory of parts was $38,500, and the ending inventory of parts was $15,250. Payments to repair technicians during the month of February totaled $52,500. Overhead incurred was $121,000. a. What was the cost of materials used for repair work during the month of February? $38,500 + $97,000 – $15,250 = $120,250 b. What was the prime cost for February? $120,250 + $52,500 = $172,750 c. What was the conversion cost for February? $52,500 + $121,000 = $173,500 d. What was the total repair cost for February? $120,250 + $52,500 + 121,000 = $293,750 E16.1 Listed below are eight technical accounting terms introduced or emphasized in this chapter: Work in Process Inventory Cost of finished goods manufactured Conversion costs Cost of Goods Sold Period costs Management accounting Product costs Manufacturing overhead Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer “None” if the statement...
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...Week 5 Assignment from the textbook Nancy Schwartz ACC/400 February 22, 2016 Lee Kroll E25.4 Sapsora Company uses ROI to measure the performance of its operating divisions and to reward division managers. A summary of the annual reports from two divisions is shown below. The company’s weighted-average cost of capital is 12 percent. Note: Economic Value Added (EVA) (p. 1087) A specific type of residual income that is computed by multiplying the after-tax weighted average cost of capital by total assets minus current liabilities and subtracting that product from the after-tax operating income. ------------------------------------------------- Division A Division B Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,000,000 $8,750,000 Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 1,750,000 After-tax operating income . . . . . . . . . . . . . . . . . . 1,000,000 1,180,000 ROI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25% 14% a. Which division is more profitable? Division A b. Would EVA (Economic Value Added) more clearly show the relative contribution of the two divisions to the company as a whole? Show the computations. EVA = After-Tax Operating Income – {Division’s Total – Division’s Current} x Weighted- Assets Liabilities Average Cost of Capital | Division A | Division B | Total Assets | 6,000,000 | 8,750...
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...Debt Versus Equity Financing ACC/400 May 14, 2012 Debt versus Equity Financing Debt versus equity financing is a critical element in the process of managing a business and also the most challenging decision facing managers who require capital to fund their business operations (Schroeder, Clark, & Cathey, 2005). Debt and equity are the two main sources of capital available to businesses, and each offers both advantages and disadvantages. This paper will compare and contrast lease versus purchase options, examine debt and equity financing, provide examples for each source of financing, and identify which alternative capital structure is more advantageous. Lease vs. Purchase Options: Compare and Contrast In business the decision to lease or purchase is a critical element of strategic management. Equally important is the way in which the asset will be used. Operating leases are most often used by organizations looking for fixed payments with no long-term risk, and a limited useful life of the asset. Capital leases are more aligned with the features of a conventional purchase. Purchasing often requires a higher monetary expenditure at the start, in addition to acquiring the financing to purchase through a lender. Leasing usually requires a lesser amount of cash down, and the monthly payments are often smaller. Additionally, leasing offers tax benefits because the full lease payment can be immediately deducted, whereas purchasing only allows the interest...
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...Week 2 Assignment from the textbook Nancy Schwartz ACC/400 February 1, 2016 Lee Kroll E17.15 Spear Custom Furniture uses an activity-based cost accounting system to apply overhead to production. The company maintains four overhead cost pools. The four cost pools, and their budgeted amounts for the upcoming period, are as follows: Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . $40,000 Materials handling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Set-ups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 Quality control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 Four cost drivers are used by Spear to allocate its overhead cost pools to production. The four cost drivers, and their budgeted total levels of activity for the upcoming period, are shown below: Machine hours (to allocate maintenance costs) . . . . . . . . . . . . . . . . . . . . . . . 600 hours Material moves (to allocate materials handling costs) . . . . . . . . . . . . . . . . . . 400 moves Set-ups (to allocate set-up costs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 set-ups Number of inspections (to allocate quality control costs) . . . . . . . . . . . . . . . 300 inspections The company has been asked...
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...Week 4 Assignment from the textbook Nancy Schwartz ACC/400 February 15, 2016 Lee Kroll BE 23.6 Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A. ------------------------------------------------- Column A Column B 1. Budgeted income statement a. Direct materials budget b. Costs of goods sold budget 2. Budgeted balance sheet b. Costs of goods sold budget f. Budgeted income statement 3. Cash flow budget c. Production budget c. Production budget 4. Cost of goods sold budget d. Payables budget a. Direct materials budget 5. Production budget e. Sales budget e. Sales budget f. Budgeted income statement My Note: Chapter 23, page 999, Exhibit 23-2 shows chart of Organizational Budgeting that helps answer this question. E23.1 The following information is from the manufacturing budget and the budgeted financial statements of Fabor Fabrication: Direct materials inventory, Jan. 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 73,000 Direct materials inventory, Dec. 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,000 Direct materials budgeted for use during the year . . . . . . . . . . . . . . . . . . . . . . . . . 264,000 Accounts payable to suppliers of materials, Jan. 1 . . . . . . . . . . .... . . . . . . . . . . . . . 46,000 Accounts payable to suppliers of materials, Dec...
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...Week 3 Assignment from the textbook Nancy Schwartz ACC/400 February 8, 2016 Lee Kroll Exercise 20.1 Listed below are nine technical accounting terms introduced in this chapter: Variable costs Relevant range Contribution margin Break-even point Fixed costs Semivariable costs Economies of scale Sales mix Unit contribution margin Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer “None” if the statement does not correctly describe any of the terms. a. The level of sales at which revenue exactly equals costs and expenses. Break-even point b. Costs that remain unchanged despite changes in sales volume. Fixed costs c. The span over which output is likely to vary and assumptions about cost behavior generally remain valid. Relevant range d. Sales revenue less variable costs and expenses. Contribution margin e. Unit sales price minus variable cost per unit. Unit contribution margin f. The reduction in unit cost achieved from a higher level of output. Economies of scale g. Costs that respond to changes in sales volume by less than a proportionate amount. Semivariable costs h. Operating income less variable costs. None E20.7 MURDER TO GO! writes and manufactures murder mystery parlor games that it sells to retail stores. The following is per-unit information relating to the manufacture and sale of this...
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