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Some people are in third year as an internal auditor with XYZ International, a manufacturer of parts and supplies for hypersonic aircraft. XYZ began a defined contribution pension plan five years ago. The plan is a so-called 401(k) plan that permits voluntary contributions by employees. Employee contributions are matched with one dollar of employer contribution for every two dollars of employee contribution. Approximately $500,000 of contributions is deducted from employee paychecks each month for investment in one of three employer-sponsored mutual funds.
Problem 1: What is Mr. Hijinks' apparent motivation for the change in the way contributions are handled? Do you perceive an ethical dilemma?
Prepare the general journal entries that should be made at December 31, 2018, to record these events? (Ignore tax effects.)
Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. What are the expected collections for July
The sales journal, sales orders, shipping documents, invoices and price list are available on in canvas. Complete excel worksheet as required in audit program
Disciplinary Action. Go to the PCAOB website and find settled disciplinary orders. Review the cases and the penalties indicated for each case.
Louder Company manufactures part MNO used in several of its truck models. What amount of the MNO production costs is avoidable
Explaining what the effective-interest method
Explain three theories used in the human services practice.Explain the connection of these behavioral problems to theory-based interventions.
Waterways mass-produces a special connector unit that it normally sells for $3.90. Should Waterways accept the special order from the irrigation company
Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis
Discuss and find 3 distributors in canada for canadian solar to export products to china and their profile.Discuss distributors in china for importing Canadian
Assume that the company produced the equivalent of 11,700 units of product during the year just completed. What was the average cost per unit for direct materials? What was the average cost per unit for fixed manufacturing overhead?
Determine the amount of impairment loss, assume that (1) the estimated remaining useful life is 10 years, (2) the estimated annual cash flows are $3,068,570
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