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Question - Brothers Declan and Oscar are the only members and directors of Topiary Home Security Equipment Pty Ltd (Topiary). Topiary has a warehouse in Sydney, which contains the company's product inventory, which includes expensive CCTV equipment. Declan also works as the warehouse manager, while Oscar works in sales. One evening, as Declan was about to close the warehouse, he was confronted by two masked men who wanted to rob the warehouse. Declan resisted, a struggle ensued, and he ended up shooting and severely injuring one of the masked robbers. The other robber escaped.
The Office of the Public Prosecutor now wants to charge Declan with attempted murder. Can Topiary also be charged with this offence? And if your answer is yes, on what basis can the company be charged?
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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