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Cherie is an accountant for a large advertising agency. After receiving notice of a prospective, large account, she thinks of a creative advertising campaign and tells her idea to Charles, her manager. Charles shoots down her idea and reminds her that her job is accounting. Several days later, the design team visits Charles and asks him for more details on his brilliant campaign idea. Cherie realizes that the campaign being discussed is her idea.
What does this outcome indicate about the communication climate and power holding in the agency? If you were Cherie, would you approach Charles about stealing your idea, or would you show support for your manager? Why?
If a company needed to assemble capital for a project which sources of money would you consider external sources? Which accounts could a company use as internal sources to generate funds for their project?
Compute the next present value of each project. Which project should be adopted based on the next present value approach? Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of retu..
The City of Southern Pines reported the following at year-end, prior to closing entries: Revenues, $11,000,000; Expenditures, $10,100,000; Other Financing Uses, $500,000;
Issue: What are the consequences of this transaction to Corporation Z and the XYZ Partnership? What are the Law implications in this analysis? Which conclusions did you arrive at?
what is the relationship between gross margin and net income?gross margin - merchandise inventory at the end of the
Suzy has been the sole shareholder of a calendar year S-Corporation since 1979. The S-Corporation has the following balances.
Spoiled Baby Corp (SPC) sells baby buggies. Recent changes in the law required SPC to warranty its products for 90 days and you must set up the required accounts. Historical Data indicates that 6% of monthly sales result in warranty claims. The Ju..
What are the two types of proprietary funds, and what are the major differences between those two?
If comparative balance sheets indicate no notes receivable on the first, or base, date and a $50,000 note receivable on the laterdate, the increase of $50,000:
Max Company purchased equipment on November 1, 2010 and gave a 16-month, 12% note with a face value of $5,000. Interest will not be paid in cash until the note matures. The December 31, 2010 adjusting entry is ??
acme medical supply company desires a target operating income amount of 100000 with assumption inputs as follows bull
If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?
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