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TOPIC 1
What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? Go to the firm's website and click on "Investor Relations". You'll be able to find the firm's annual report to help you answer these questions. Are any specific controls mentioned in the annual report? What depreciation method does Amazon use for property and equipment? What is the range of useful lives for buildings and for fixtures and equipment? Do these useful lives make sense? Find the heading Goodwill. What type of an asset is goodwill? Does Amazon write off this asset? Explain what the company does.
TOPIC 2
Susan works in a real estate office that is equipped with up-to-date copiers, scanners, and printers. She is frequently the only employee working in the office in the evenings and often has spare time to do personal work. She has begun to use the office equipment for her children's school reports and for her husband's business. Do you think Susan's use of the office equipment is harmless, or is she behaving unethically? Why? If you believe her behavior is unethical, what controls could be in place to prevent it? Have you ever used office resources for personal tasks? Under what conditions could such use of office resources be justified?
samson corporations common stock is priced at 30.50 per share before any stock dividend or split and the stockholders
rowan company recently began production of a new product c which required the investment of 500000 in assets. product c
Should JLK purchase this machine if the required rate of return on these types of purchases is 9 percent per year? why or why not? please ignore salvage value and tax considerations. Show all work and steps provided written out.
latitude amp attitude airline provides air transportation services between new york city and george town grand cayman.
Prepare an income statement for the month of June, Prepare a balance sheet at June 30,2010 - Show the effects of the previous transactions on the accounting equation using the format.
Present entries to record the following selected transactions completed during the current fiscal year:
when an accounting change is reported under the retroactive approach account balances in the general ledger1are not
the inventory of oheto company on december 21 2013 consists of the following itemspart no. quantity cost per unit cost
Research the history of process costing in the United States. When did it begin to be used in manufacturing companies? What type of company would use a process costing system?
On Dec.1 declared a $0.50 Per share cash dividend to shockholders of record on Dec.14, payable January 10, 2010. Why is cash and Paid in capital from Treasury stock, both debit?
What is meant by economic income in relation to the discounted income method?
A. Prepare an overhead budget for the expected activity level for the coming year. B. Prepare an overhead budget that reflects production that is 10 percent higher than expected (for both products).
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