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Case Scenario 1:
Mary has access to the Petty Cash fund. Her boss has asked her to go to lunch for a business meeting. Is it okay for her to borrow $10 for her personal lunch if she intends to pay it back the following day.
Case Scenario 2:
A husband and wife team have 50/50 ownership in the business. The husband has told all employees no bonuses will be given this year. You see the wife pull aside the sales person separately offering a $50,000 bonus if he makes his numbers. As the Accountant, should you mention the side deal to the husband owner.
Case Scenario 3:
Mike is looking to hire an accounting professional who will be his only financial person. He found the perfect candidate that has a bankruptcy in her past.
Should Mike hire the candidate?
Case Scenario 4:
John has found errors and discrepancies on the company's financial statements. Is it okay if he does not report this because a lot of employees in the company will probably lose their jobs if he does.
DMC needed 1,5 machine hours per output unit and incurred variable manufacturing overhead costs totaling $164,100. What is actual number of machine hours used
If the central promoter wants an operating profit of $500,000, how many seats must be sold? It is assumed that the average ticket price is $10
What The balance in the raw materials inventory account on May 30 was? Dacosta Corporation had only one job in process on May 1.
Write a report to convince all production department staff at XYZ Ltd of the value of ABB over the traditional method of setting a budget
A bank will make a $108,000 loan to the company at a 10% interest rate for this equipment's purchase. Compute the recovery time
BUSI 2093 Yorkville University What were reinvested earnings for 2021 and Assume there are 500,000 shares outstanding. What are earnings per share in 2021
If Syracuse had instead classified these debt securities as trading, what would net income have been? Assume a marginal tax rate of 37%
What is the variable cost of goods available for sale for last month - Jeppson Company manufactures computer hard drives
required1. using the indirect method prepare a statement of cash flows for alvin arts inc.2. why did alvin arts
If required, round your cost per equivalent unit amounts to two decimal places. Preparing Austin's Department A cost of production report for December.
Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage
Ling Co. pays $12,400 to Marsh Insurance Co. For Ling Co., journalize the entry on July 1 and the annual adjusting entry on December 31.
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