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Persuasive Speech Critique

InstructionsChoose an persuasive speech from Ted Talk (Links to an external site.)to evaluate persuasive presentation from Ted Talk or other appropriate speech found by Internet search. (Links to an external site.)
Review the assignment description and provide answers with examples and fill out speech evaluation.
Use the attached critique form to complete the assignment.
The assignment needs to be 200 words in length without the assignment description.
The speaker needs to visible and standing up giving the presentation (if physically possible).

ACC 563 Case 1-4 Generally Accepted Accounting Principles | MONEY BACK GUARANTEE | A++ WORK college essay help free

Case 1-4 Generally Accepted Accounting Principles

At the completion of the Darby Department Store audit, the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles,” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.”

Required:

a. Explain the meaning of the term accounting principles as used in the audit report. (Do not in this part discuss the significance of “generally accepted.”)

b. The president wants to know how you determine whether or not an accounting principle is generally accepted. Discuss the sources of evidence for determining whether an accounting principle has substantial authoritative support. Do not merely list the titles of publications.

c. The president believes that diversity in accounting practice will always exist among independent entities despite continual improvements in comparability. Discuss the arguments that support his belief.

ACC 563 Case 1-6 Accounting in Crisis | MONEY BACK GUARANTEE | A++ WORK college essay help free

Case 1-6 Accounting in Crisis

During the early 2000s, the role of accounting and the auditing profession changed

and several accounting scandals were uncovered.

Required:

a. What conditions caused accounting and the auditing profession role to

change during this time?

b. What major changes occurred as a result of the accounting scandals at that

time?

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Accounting II Final Exam !! college essay help free

1. The cash budget is especially important to a firm when:

A. there is not a lot of confidence in the sales forecast.

B. it has a relatively large amount of operating cash.

C. the P/E ratio has been trending downwards.

D. it may have to negotiate a short-term bank loan.

2. Which of the following costs are included in the cost classification that is based on the relationship between total cost and volume of activity?

A. Variable cost and fixed cost.

B. Direct cost and indirect cost.

C. Product cost and period cost.

D. Committed cost and discretionary cost.

3. Which of the following costs are included in the cost classification that is based on the time frame perspective?

A. Variable cost and fixed cost.

B. Direct cost and indirect cost.

C. Product cost and period cost.

D. Committed cost and discretionary cost.

4. A cost that is incurred because of a long-range policy decision is known as a:

A. discretionary cost.

B. committed cost.

C. continuous cost.

D. standard cost.

5. Which of the following is not an important factor to consider when preparing a sales forecast?

A. The state of the economy.

B. Seasonal demand variations.

C. A change in the management team.

D. Competitors’ actions.

6. Which of the following is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization’s sales forecast?

A. Sales budget

B. Raw materials budget

C. Production budget

D. Direct labor budget

7. Which of the following lists the components of the master budget in correct chronological order?

A. Direct labor budget, production budget, cost of goods sold budget.

B. Sales budget, production budget, cash budget.

C. Sales budget, raw materials budget, production budget.

D. Cash budget, production budget, manufacturing overhead budget.

8. The raw materials budgeted to be purchased for the period is equal to:

A. ending inventory + raw material used – beginning inventory.

B. ending inventory + ending inventory – raw material used.

C. beginning inventory – ending inventory + raw material used.

D. beginning inventory + raw material used – ending inventory.

9. The operating expense budget is based on the:

A. sales budget.

B. production budget.

C. manufacturing overhead budget.

D. cash budget.

10. Depreciation on the office equipment would appear in which of the following budgets?

A. Production budget.

B. Manufacturing overhead budget.

C. Operating expense budget.

D. Cash budget.

11. Which of the following items would be included in the operating expense budget?

A. Sales commissions.

B. Raw material purchases.

C. Cash receipts.

D. Cost of goods sold.

12. Which of the following would not appear in the operating expense budget? .

A. Sales commissions.

B. Delivery expense.

C. Advertising.

D. Depreciation on the production equipment

13. What is the “key” to the entire operating budget?

A. The forecast of operating activity.

B. The budgeted income statement.

C. The budgeted balance sheet.

D. The production/purchases budget.

14. Which of the following is the last budgeted financial statement to be prepared?

A. Budgeted income statement.

B. Budgeted balance sheet.

C. Cash budget.

D. It doesn’t matter which one is prepared last.

15. Which of the following lists the components of the master budget in correct chronological order?

A. Cash budget, budgeted income statement, budgeted balance sheet.

B. Budgeted balance sheet, cash budget, budgeted income statement.

C. Budgeted income statement, cash budget, budgeted balance sheet.

D. It doesn’t matter in which order they are prepared.

16. Val’s travel budget for October was $720, based on her plan to drive 3,000 miles at a cost of $0.24 per mile. During October, she actually drove 2,800 miles at a total cost of $700. A flexed budget performance report would show a variance of:

A. $50 F

B. $20 F

C. $28 U

D. $30 U

17. If it is to be most useful for control purposes, what variance should be reported to the supervisor responsible for the number of pounds of corn syrup used in the manufacture of a candy bar?

A. Raw material price variance, expressed in cents per pound.

B. Raw material usage variance, expressed as a total cost for the month.

C. Raw material usage variance, expressed in total pounds for the month.

D. Raw material usage variance, expressed in total pounds for the week.

18. The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality was lower than that of the materials customarily used. This action resulted in a favorable raw materials purchase price variance that might very well have been more than offset by:

A. an unfavorable raw materials usage variance.

B. a favorable direct labor efficiency variance.

C. an unfavorable variable overhead spending variance.

D. an unfavorable direct labor rate variance.

19. When an appropriately established and effective standard cost system is used to value inventory:

A. cumulative variances are deferred.

B. a significant unfavorable net variance may be reported as an expense of the current period.

C. a significant favorable net variance may be reported as an expense of the current period.

D. the explanatory notes to the financial statements will explain the disposition of the net variance.

20. A performance report for direct labor shows a variance between the budget and actual amounts. This difference is a:

A. budget variance.

B. direct labor efficiency variance.

C. direct labor spending variance.

D. direct labor rate variance.

21. If they are to be useful to managers, variances should be reported:

A. simultaneously to all managers within a week after the end of the month.

B. in dollar amounts as soon as all costs are known.

C. in physical terms or dollar amounts as promptly as feasible.

D. in physical terms and dollar amounts if the variance exceeds 10% of the budget.

22. What should the decision rule be to determine what budget variances to investigate?

A. Investigate unfavorable variances only.

B. Investigate favorable variances only.

C. Investigate if the variance is significant.

D. Investigate all variances.

23. Which of the following variances is not determined during an overhead variance analysis?

A. Volume variance.

B. Budget variance.

C. Spending variance.

D. Price variance.

24. The fixed manufacturing overhead variance caused by actual activity being different from the estimated activity used in calculating the predetermined overhead application rate is called the:

A. spending variance.

B. budget variance.

C. efficiency variance.

D. volume variance.

25. The part of the variable overhead budget variance due to the difference between actual hours required and standard hours allowed for the work done is called the:

A. variable overhead spending variance.

B. variable overhead budget variance.

C. variable overhead efficiency variance.

D. variable overhead volume variance.

26. The part of the variable overhead budget variance due to the difference between actual variable overhead cost and the standard cost allowed for the actual inputs used is called the:

A. variable overhead spending variance.

B. variable overhead budget variance.

C. variable overhead efficiency variance.

D. variable overhead volume variance.

27. If the net variance of a business using standard costing is significant relevant to total production cost, the net variance should be:

A. assigned to cost of goods sold.

B. allocated between work in process, finished goods, and cost of goods sold.

C. carried forward to the next accounting period.

D. none of the above.

28. If the net of all variances is immaterial relative to the total production costs incurred during the period, the net variance is:

A. treated as an adjustment to cost of goods sold.

B. ignored.

C. treated as an adjustment to work in process, finished goods, and cost of goods sold.

D. treated as an adjustment to manufacturing overhead.

29. The preferred format for a segmented income statement emphasizes:

A. direct and common fixed costs.

B. variable and fixed costs.

C. operating expenses and fixed costs.

D. variable costs and operating expenses.

30. Which of the following is a true statement pertaining to segment income statements?

A. Only present the individual segments’ net income, not total company net income.

B. Only include variable costs.

C. Do not present a segment margin.

D. Do not include arbitrarily allocated common fixed expenses when calculating segment margin.

E. All of the above.

31. How is performance evaluated for a cost center?

A. Actual costs incurred compared to budgeted costs.

B. Actual segment margin compared to budgeted segment margin.

C. Comparison of actual and budgeted return on investment (ROI) based on segment margin and assets controlled by the segment.

D. None of the above.

32. How is performance evaluated for a profit center?

A. Actual costs incurred compared to budgeted costs.

B. Actual segment margin compared to budgeted segment margin.

C. Comparison of actual and budgeted return on investment (ROI) based on segment margin and assets controlled by the segment.

D. None of the above.

33. The key to analyzing a sell as is or process further decision is to determine that:

A. opportunity costs exceed sunk costs.

B. incremental revenues exceed incremental costs.

C. differential costs do not exist.

D. all allocated costs are included in the decision.

34. In a make or buy decision which of the following costs would be considered relevant?

A. Avoidable costs.

B. Unavoidable costs.

C. Sunk costs.

D. Allocated costs.

35. Which of the following qualitative factors favors the buy option in the make or buy decision?

A. Production scheduling.

B. Utilization of idle capacity.

C. Ability to control quality.

D. Technical expertise of supplier.

36. Product Z sells for $18 per unit as is but if it is enhanced it can be sold for $24 per unit. The enhancement process will cost $50,000 for 10,000 units. If the 10,000 units of Product Z are sold as is without further processing, the company:

A. will incur an incremental profit of $10,000.

B. will incur an opportunity cost of $10,000.

C. will incur an incremental profit of $1 per unit.

D. will incur an incremental loss of $6 per unit.

37. A(n) _____________ is the minimum cost that can be incurred, which when subtracted from the selling price, allows for a desired profit to be earned.

A. relevant cost.

B. opportunity cost.

C. incremental cost.

D. target cost.

38. Product X sells for $80 per unit in the marketplace and ABC Company requires a 35% minimum profit margin on all product lines. In order to compete in this market, the target cost for Product X must be equal to or lower than:

A. $28

B. $45

C. $52

D. $80

39. Which of the following costs are not relevant in a decision to continue or discontinue a segment of the organization?

A. Avoidable costs.

B. Unavoidable costs.

C. Opportunity costs.

D. Differential costs.

40. The decision to continue or discontinue a segment of the business should focus on:

A. sales minus total variable expenses and total fixed expenses.

B. sales minus total variable expenses and avoidable fixed expenses of the segment.

C. sales minus total variable expenses and allocated fixed expenses of the business.

D. none of the above.

41. The decision for solving production mix problems involving multiple products and scarce production resources should focus on:

A. gross profit of each product.

B. sales price of each product.

C. contribution margin per unit of scarce resource.

D. contribution margin of each product.

42. XYZ Company produces three products: A, B, and C. Product A has a contribution margin of $20 and requires 1 hour of machine time. Product B has a contribution margin of $30 and requires 2 hours of machine time. Product C has a contribution margin of $36 and requires 1.5 hours of machine time. If machine hours are considered scarce, in what product mix order should XYZ Company schedule the production of Products A, B, and C for the available machine hours?

A. First A, then B, then C.

B. First C, then A, then B.

C. First C, then B, then A.

D. First B, then C, then A.

43. A principal difference between operational budgeting and capital budgeting is the time frame of the budget. Because of this difference, capital budgeting:

A. is an activity that involves only the financial staff.

B. is done on a rolling budget period basis.

C. focuses on the present value of cash flows from investments.

D. is concerned with a long-term net income forecast.

44. Capital budgeting differs from operational budgeting because:

A. depreciation calculations are required.

B. it considers the time value of money.

C. operating expenses are not relevant.

D. capital budgets don’t affect cash flow.

45. Capital expenditure analysis, which leads to the capital budget, attempts to determine the impact of a proposed capital expenditure on the organization’s:

A. segment margin.

B. contribution margin.

C. ROI.

D. cost of capital.

Essay:

1. The cost formula for the maintenance department of the Eifel Co. is $6,500 per month plus $3.50 per machine hour used by the production department.

a. Calculate the maintenance cost that would be budgeted for the month of May in which 5,700 machine hours are planned to be used.

b. Prepare an appropriate performance report for the maintenance department assuming that 5,860 machine hours were actually used in the month of May, and the total maintenance cost incurred was $28,010.

2. Breaded Oak, Inc. has a policy that requires 20 percent of the expected sales of its product to be on hand at the end of the prior month. Forecasted sales, in units, for the months of January through April are as follows:

January 36,000 units

February 42,000 units

March 58,000 units

April 52,000 units

(a.) Calculate the number of units planned for ending inventory for January, February, and March.

(b.) Calculate the number of units budgeted to be produced in January, February, and March.

The purpose of a corporate annual report is to communicate to stockholders and other interested parties college essay help free

The purpose of a corporate annual report is to communicate to stockholders and other interested parties its financial statements. The annual report is a summary of the corporation’s operations over the previous 12 month time period and states the corporation’s plans for the future. Many annual reports are created to resemble a corporate brochure, using lots of pictures, color, charts and graphs. Despite the fancy look, the main purpose of the report is to provide the year’s financial data, which comes from the corporation’s accounting system.

Instructions:

Obtain a current Annual Report for any U.S. company you are interested in analyzing. You may download it from its Website or from the LRC database called Mergent Online. Each student must choose a different company to analyze; therefore students must receive approval of your selected company from your professor by Week 5 of the class.

Write a 2-3 page paper in which you:

•Identify and explain the main sections of the annual report.

•Discuss the key factors that influenced the company’s financial performance during the year.

•Discuss the primary assets held by the company.

•Explain how management characterizes the internal control environment of the company.

ACC 206 Week 3 Assignment – Ch.04 and 05 Problems (All Questions Answered) | A+ | GUARANTEED college essay help free

ACC 206 Week 3 Assignment: Chapter 4 and 5 Problems

Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

Chapter 4 Exercise 7

7. Overhead application: Working backward

The Towson Manufacturing Corporation applies overhead on the basis of machine hours. The following divisional information is presented for your review:

Division A

Division B

Actual machine hours

22,500

?

Estimated machine hours

20,000

?

Overhead application rate

$4.50

$5.00

Actual overhead

$110,000

?

Estimated overhead

?

$90,000

Applied overhead

?

$86,000

Over- (under-) applied overhead

?

$6,500

Find the unknowns for each of the divisions.

Chapter 4 Problem 2

2. Computations using a job order system

General Corporation employs a job order cost system. On May 1 the following balances were extracted from the general ledger;

Work in process $ 35,200

Finished goods 86,900

Cost of goods sold 128,700

Work in Process consisted of two jobs, no. 101 ($20,400) and no. 103 ($14,800). During May, direct materials requisitioned from the storeroom amounted to $96,500, and direct labor incurred totaled $114,500. These figures are subdivided as follows:

Direct Materials

Direct Labor

Job No.

Amount

Job No.

Amount

101

$5,000

101

$7,800

115

19,500

103

20,800

116

36,200

115

42,000

Other

35,800

116

18,000

$96,500

Other

25,900

$114,500

Job no. 115 was the only job in process at the end of the month. Job no. 101 and three “other” jobs were sold during May at a profit of 20% of cost. The “other” jobs contained material and labor charges of $21,000 and $17,400, respectively.

General applies overhead daily at the rate of 150% of direct labor cost as labor summaries are posted to job orders. The firm’s fiscal year ends on May 31.

Instructions:

Compute the total overhead applied to production during May.

Compute the cost of the ending work in process inventory.

Compute the cost of jobs completed during May.

Compute the cost of goods sold for the year ended May 31.

Chapter 5 Exercise 1

1. High-low method

The following cost data pertain to 20X6 operations of Heritage Products:

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Shipping costs

$58,200

$58,620

$60,125

$59,400

Orders shipped

120

140

175

150

The company uses the high-low method to analyze costs.

Determine the variable cost per order shipped.

Determine the fixed shipping costs per quarter.

If present cost behavior patterns continue, determine total shipping costs for 20X7 if activity amounts to 570 orders.

Chapter 5 Exercise 3

3. Break-even and other CVP relationships

Cedars Hospital has average revenue of $180 per patient day. Variable costs are $45 per patient day; fixed costs total $4,320,000 per year.

How many patient days does the hospital need to break even?

What level of revenue is needed to earn a target income of $540,000?

If variable costs drop to $36 per patient day, what increase in fixed costs can be tolerated without changing the break-even point as determined in part (a)?

Chapter 5 Problem 6

6. Direct and absorption costing

The information that follows pertains to Consumer Products for the year ended December 31, 20X6.

Inventory, 1/1/X6

24,000 units

Units manufactured

80,000

Units sold

82,000

Inventory, 12/31/X6

? units

Manufacturing costs:

Direct materials

$3 per unit

Direct labor

$5 per unit

Variable factory overhead

$9 per unit

Fixed factory overhead

$280,000

Selling & administrative expenses:

Variable

$2 per unit

Fixed

$136,000

The unit selling price is $26. Assume that costs have been stable in recent years.

Instructions:

Compute the number of units in the ending inventory.

Calculate the cost of a unit assuming use of: Direct costing.

Absorption costing.

Prepare an income statement for the year ended December 31, 20X6, by using direct costing.

Prepare an income statement for the year ended December 31, 20X6, by using absorption costing.

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ACC401 WEEK 1 QUIZ taken in 2013 college essay help free

Pedro agreed to repair a house for a client and started to work on December 30, 2008. On January 2, 2010, he completed the job and received payment from the client. Pedro must record the income in:

2008

2010

2009

Both 2009 and 2010

To be a qualifying child, the taxpayer must meet three general tests and five specific tests. Which one is not part of the five specific tests?

Gross income test

Residency test

Special test for qualifying child of more than one taxpayer

Income may be realized in the form of:

Property.

Cash.

Services.

All of the above.

To be a qualifying child, the taxpayer must meet three general tests and five specific tests. What are the three general tests?

Relationship test, residency test and gross income test

Dependent taxpayer test, joint return test and citizen or resident test

Dependent taxpayer test, relationship test and citizen or resident test

Support test, age test and relationship test

If Tom, an accountant, agrees to provide accounting services to Carl, a friend, in exchange for Carl fixing Tom’s office floor, then:

Tom must report income on his tax return.

Carl must report income on his tax return.

Neither Tom nor Carl must report income on their tax returns.

Both of them must report income on their tax returns.

Carl, James and Thomas are supporting their mother who lives in a separate apartment. Their contributions towards her support are 10%, 40% and 50%, respectively. In a multiple support agreement, who would be entitled to claim the mother as a dependent?

Carl.

James or Thomas.

Carl, James or Thomas.

None of the above

Maria is 21 years of age and a full-time student living by herself. She had wages of $19,000 for 2010. Can Maria claim the exemption for herself on her tax return?

Maria’s parents can claim the exemption

Both Maria and her parents can claim the exemption

Yes, Maria can claim the exemption

No one can claim the exemption for Maria

What item should not be included in income?

Jury Duty Pay

Alimony

Life Insurance Proceeds

Unemployment Compensation

Constructive receipt means the taxpayer has:

Earned the income.

Accrued the income.

Control of the income for his or her use.

a and b.

In terms of dollars, wage earning taxpayers will normally pay the majority of their tax liability:

When they file their tax return

Through withholding from their wages

In the following tax year

In advance in January

P7-2A Belgian Chocolate Company makes dark chocolate and light chocolate (with explanation) college essay help free

P7-2A Flexible Budgeting and Variance Analysis

Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available:

Standard amount per case

Dark Chocolate Light Chocolate Standard Price per Pound

Cocoa 10 lbs 7 lbs $4.50

Sugar 8 lbs 12 lbs $0.65

Standard labor time 0.35 hrs 0.40 hr

Dark Chocolate Light Chocolate

Planned production 4,200 cases 10,500 cases

Standard labor rate $14.50 per hr $14.50 per hr

Belgian Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Belgian Chocolate had the following actual results:

Dark Chocolate Light Chocolate

Actual production (cases) 4,000 11,000

Actual price per pound Actual pounds purchased and used

Cocoa $4.60 117,500

Sugar $0.60 160,000

Actual labor rate Actual labor hours used

Dark Chocolate $13.90 per hr 1,270

Light Chocolate $14.90 per hr 4,500

Required:

1. Prepare the following variance analyses for both chocolates and total, based on the actual results and production levels at the end of the budget year:

a. Direct materials price variance, direct materials quantity variance, and total variance.

b. Direct labor rate variance, direct labor time variance, and total variance.

Use the minus sign to enter favorable variances as negative numbers.

a. Direct materials price variance:

Direct materials quantity variance:

Total direct materials cost variance:

b. Direct labor rate variance:

Direct labor time variance:

Total direct labor cost variance:

2. Why are the standard amounts in part (1) based on the actual production for the year instead of the planned production for the year?

In 2012, Ed, Fran, and George form Jet Corporation. Ed contributes land having a $35,000 FMV college essay help free

In 2012, Ed, Fran, and George form Jet Corporation. Ed contributes land having a $35,000 FMV purchased as an investment in 2008 for $15,000 in exchange for 35 shares of Jet stock. Fran contributes machinery (Sec. 1231 property) purchased in 2008 and used in her business in exchange for 35 shares of Jet stock. Immediately before the exchange, the machinery had a $45,000 adjusted basis and a $35,000 FMV. George contributions services worth $30,000 in exchange for 30 shares of Jet stock.

Required

What is the amount of Ed’s recognized gain or loss?

What is Ed’s basis is his Jet shares? When does his holding period begin?

What is the amount of Fran’s recognized gain or loss?

What is Fran’s basis in her Jet shares? When does her holding period begin?

How much income, if any, does, George recognize?

What is George’s basis in his Jet shares? When does his holding period begin?

What is Jet’s basis in the land and the machinery? When does its holding period begin? How does Jet treat the amount paid to George for his services?

How would your answers to Parts A through G change if George instead contributed $5,000 in cash and services worth $25,000 for his 30 shares of Jet stock?

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