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Read the case "When And Who To Tell: The Long Goodbye" (Ivey Publishing) (11p) and answer the followng questions of the case:
Problem 1) Who is affected by this dilemma and who are the main stakeholders?
Problem 2) How important is the code of ethics for Gossamer's decision?
Problem 3) How can Gossamer mitigate the risks of being terminated from his current position?
Problem 4) Does Gossamer have fiduciary duties to disclose his job offer and is he in violation?
Problem 5) What action should Gossamer take?
Problem 6) Would the recommended outcome for Gossamer change if he worked for a public company?
Problem 7) Does the CPA recruitment process itself have a responsibility to employers of its prospective employees?
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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