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Mary Green is a full-time undergraduate student at Clayton State University. Mary is an honor student and received a $9,000-per-year scholarship. The scholarship award pays for Mary's tuition ($6,000), books ($1,000), equipment ($1,200), and incidental expenses ($800).
a: Explain how each of the amounts shown above would be treated for tax purposes.
b: Calculate the total amounts that should be shown in Mary's gross income.
How to calculate requirement of working capital management?
Prepare a memo (or e-mail if your instructor directs) to Mr. Becker with all the information he needs in the most readable format. Consider using a three-column table format for the candidate information.
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Discuss how the nature of the necessary internal control features is affected by switching from a manual system to (1) a large-scale computer-based accounting system or (2) a PC-based accounting system.
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