Milligan Companies, Inc (MCI)is a private company which owns five auto parts stores Houghton. MCI has gone from two auto parts stores to five stores in the last three years, and it plans on continued growth. Sheila and Walter own the majority of the stock. Sheila is the chairman of the board and the CEO. Walter is the COO as well as the CFO. Shares not owned by Sheila and Walter are owned by friends and family who helped get MCI started. Sheila started the company with one store after working in an auto parts store. To date, she has funded growth from an inheritance and investments from a few friends. They are thinking about expanding by several more stores in the near future.
MCI employs 20 full time staff. These workers are employed in store management, parts delivery and accounting. About 40% of MCI is retail walk-in business and the other 60% is regular customers where MCI delivers parts and bills these customers on account. During peak periods, MCI also uses part-time employees.
Your accounting firm ACC4100, is conducting the annual audit for the year ended December 31, 2020. Your audit team discovers numerous misstatements, mostly caused by human error and weak internal control. In aggregate, the misstatements are material, but management agrees to make your recommendation adjustments. Also, during 2020, MCI changed its method of valuing inventory from a weighted-average method to FIFO. When Sheila opened the first store, she thought the easiest way to value inventory was to use an average cost for each category of items. As the company grew, they never revised this practice. Now that the company is significantly larger with multiple stores, Sheila realize they need to be more focused on tracking inventory costs because of the impact of their profit margin.   The change was made to FIFO because it is more commonly used in the industry.
Your team concludes fieldwork on March 1, 2021 and Sheila is planning to provide the auditing financial statements and audit report to its lenders on March 6, 2023
A.      Does KCI have a justified change in accounting principle? If so, how should the change be presented in the financial statements?
B.      Assuming KCI has a justified change in accounting principle and has accounted for the change properly, draft the report that the CPA will issue.
C.      If management does not make agree to make the adjustments to correct the financial statements, and does not properly present the change in accounting principle in the financial statements. What reporting options does the CPA firm have?

You are interested in nurses' attitudes toward EBP. Which method do you think would work best to obtain this information: a questionnaire, a face-to-face interview, or a group interview? Defend your answer.

Referring to the following data of the Omani Company, that extracted from the balance sheet at 31\12\2019, answer the following questions: -          (Note; Write all Equations regarding the questions)

1. The company manager targets to reduce the current ratio in the year (2020) by 33% from the previous year (2019), this requiring to downsize the amount of the total current asset. To what level can the manager reduce the total current asset to achieve this target at (2020)? (Suppose the other things are fixed)
2. The manager put a plan to reduce the selling period in the (2020) by (16.7%) from the previous year (2019). Calculate the new inventory turnover.

(Suppose the other things are fixed)

Referring to the following data of the Omani Company, that extracted from the balance sheet at 31\12\2019, answer the following questions: -       (Note; Write all Equations regarding the questions)

1. The company manager targets to reduce the current ratio in the year (2020) by 33% from the previous year (2019), this requiring to downsize the amount of the total current asset. To what level can the manager reduce the total current asset to achieve this target at (2020)? (Suppose the other things are fixed)
2. The manager put a plan to reduce the selling period in the (2020) by (16.7%) from the previous year (2019). Calculate the new inventory turnover.

(Suppose the other things are fixed)

Write a C++ app to read both files, store them into parallel vectors, sort the list of people in alphabetical order, display the new sorted list of names with their corresponding descriptions. Use the Bubble Sort strategy to rearrange the vector(s).

File 1:

Marilyn Monroe
Abraham Lincoln
Nelson Mandela
John F. Kennedy
Martin Luther King
Queen Elizabeth II
Winston Churchill
Donald Trump
Bill Gates
Muhammad Ali
Mahatma Gandhi
Margaret Thatcher
Mother Teresa
Christopher Columbus
Charles Darwin
Elvis Presley
Albert Einstein
Paul McCartney
Queen Victoria
Pope Francis
Jawaharlal Nehru
Leonardo da Vinci
Vincent Van Gogh
Franklin D. Roosevelt
Pope John Paul II
Thomas Edison
Rosa Parks
Lyndon Johnson
Ludwig Beethoven
Oprah Winfrey
Indira Gandhi
Eva Peron
Benazir Bhutto
George Orwell
Desmond Tutu
Dalai Lama
Walt Disney
Neil Armstrong
Peter Sellers
Barack Obama
Malcolm X
J.K.Rowling
Richard Branson
Pele
Angelina Jolie
Jesse Owens
John Lennon
Henry Ford
Haile Selassie
Joseph Stalin
Lord Baden Powell
Michael Jordon
George Bush Jnr
Vladimir Lenin
Ingrid Bergman
Fidel Castro
Leo Tolstoy
Greta Thunberg
Pablo Picasso
Oscar Wilde
Coco Chanel
Charles de Gaulle
Amelia Earhart
John M Keynes
Louis Pasteur
Mikhail Gorbachev
Plato
Adolf Hitler
Sting
Mary Magdalene
Alfred Hitchcock
Michael Jackson
Madonna
Mata Hari
Cleopatra
Grace Kelly
Steve Jobs
Ronald Reagan
Lionel Messi
Babe Ruth
Bob Geldof
Leon Trotsky
Roger Federer
Sigmund Freud
Woodrow Wilson
Mao Zedong
Katherine Hepburn
Audrey Hepburn
David Beckham
Tiger Woods
Usain Bolt
Carl Lewis
Prince Charles
Jacqueline Kennedy Onassis
C.S. Lewis
Billie Holiday
J.R.R. Tolkien
Billie Jean King
Anne Frank
Simon Bolivar

File 2:

(1926 - 1962) American actress, singer, model
(1809 - 1865) US President during American civil war
(1918 - 2013) South African President anti-apartheid campaigner
(1917 - 1963) US President 1961 - 1963
(1929 - 1968) American civil rights campaigner
(1926 - ) British monarch since 1954
(1874 - 1965) British Prime Minister during WWII
(1946 - ) Businessman, US President.
(1955 - ) American businessman, founder of Microsoft
(1942 - 2016) American Boxer and civil rights campaigner
(1869 - 1948) Leader of Indian independence movement
(1925 - 2013) British Prime Minister 1979 - 1990
(1910 - 1997) Macedonian Catholic missionary nun
(1451 - 1506) Italian explorer
(1809 - 1882) British scientist, theory of evolution
(1935 - 1977) American musician
(1879 - 1955) German scientist, theory of relativity
(1942 - ) British musician, member of Beatles
( 1819 - 1901) British monarch 1837 - 1901
(1936 - ) First pope from the Americas
(1889 - 1964) Indian Prime Minister 1947 - 1964
(1452 - 1519) Italian, painter, scientist, polymath
(1853 - 1890) Dutch artist
(1882 - 1945) US President 1932 - 1945
(1920 - 2005) Polish Pope
( 1847 - 1931) American inventor
(1913 - 2005) American civil rights activist
(1908 - 1973) US President 1963 - 1969
(1770 - 1827) German composer
(1954 - ) American TV presenter, actress, entrepreneur
(1917 - 1984) Prime Minister of India 1966 - 1977
(1919 - 1952) First Lady of Argentina 1946 - 1952
(1953 - 2007) Prime Minister of Pakistan 1993 - 1996
(1903 - 1950) British author
(1931 - ) South African Bishop and opponent of apartheid
(1938 - ) Spiritual and political leader of Tibetans
(1901 - 1966) American film producer
(1930 - 2012) US astronaut
(1925 - 1980) British actor and comedian
(1961 - ) US President 2008 - 2016
(1925 - 1965) American Black nationalist leader
(1965 - ) British author
(1950 - ) British entrepreneur
(1940 - ) Brazilian footballer, considered greatest of 20th century.
(1975 - ) Actress, director, humanitarian
(1913 - 1980) US track athlete, 1936 Olympics
(1940 - 1980) British musician, member of the Beatles
(1863 - 1947) US Industrialist
(1892 - 1975) Emperor of Ethiopia 1930 - 1974
(1879 - 1953) Leader of Soviet Union 1924 - 1953
(1857 - 1941) British Founder of scout movement
(1963 - ) US Basketball star
(1946 - ) US President 2000-2008
(1870 - 1924) Leader of Russian Revolution 1917
(1915 - 1982) Swedish actress
(1926 - ) President of Cuba 1976 - 2008
(1828 - 1910) Russian author and philosopher
(2003 - ) Environmentalist activist)
(1881 - 1973) Spanish modern artist
(1854 - 1900) Irish author, poet, playwright
(1883 - 1971) French fashion designer
(1890 - 1970) French resistance leader and President 1959 - 1969
(1897 - 1937) Aviator
(1883 - 1946) British economist
(1822 - 1895) French chemist and microbiologist
(1931 - ) Leader of Soviet Union 1985 - 1991
(423 BC - 348 BC) Greek philosopher
(1889 - 1945) leader of Nazi Germany 1933 - 1945
(1951 - ) British musician
(4 BCE - 40CE) devotee of Jesus Christ
(1899 - 1980) English / American film producer, director
(1958 - 2009) American musician
(1958 - ) American musician, actress, author
(1876 - 1917) Dutch exotic dancer, executed as spy
(69 - 30 BCE) Queen of Egypt
(1929 - 1982) American actress, Princess of Monaco
(1955 - 2012) co-founder of Apple computers
(1911 - 2004) US President 1981-1989
(1987 - ) Argentinian footballer
(1895 - 1948) American baseball player
(1951 - ) Irish musician, charity worker
(1879 - 1940) Russian Marxist revolutionary
(1981 - ) Swiss Tennis player
(1856 - 1939) Austrian psychoanalyst
(1856 - 1924) US president 1913 - 1921
(1893 - 1976) Leader of Chinese Communist revolution
(1907 - 2003) American actress
(1929 - 1993) British actress and humanitarian
(1975 - ) English footballer
(1975 - ) American golfer
(1986 - ) Jamaican athlete and Olympian
(1961 - ) US athlete and Olympian
(1948 - ) Heir to British throne
(1929 - 1994) American wife of JF Kennedy
(1898 - 1963) British author
(1915 - 1959) American jazz singer
(1892 - 1973) British author
(1943 - ) American tennis player and human rights activist
(1929 - 1945) Dutch Jewish author who died
(1783 - 1830) Venezuelan independence activist in South America

Fatima Hassan is responsible for the collection, and auditing services of clients' accounts for the Doha Audit Office. Has been commissioned With a new client, Al Wajba Consulting Services Company, which contracted with the Doha Audit Office recently. Company CEO It is Mr. Ali Mahmoud, who monitors all operating activities of the company and takes all major decisions. Never use this company Previously, any services from the audit office. In addition to preparing the financial statements, the Doha Audit Office will handle the related matters Company taxes. On her first visit to the company, Fatima Hassan met Hala Abdullah, she was recently hired as an accountant and is still a student. Accounting last year at a local university. At a later meeting, Hala assured Fatma that she had found the job at the beginning of the class Scholastic after extensive research. She needs money to help fund her studies at university and feels lucky to have found A well-paid job during this current phase of the economic downturn due to the COVID-19 pandemic. Hala felt that Fatima was someone she could talk to and get advice from. Hala spoke of a situation she had in mind Some time ago. Hala concerns dealing with sales revenue. When the proceeds from sales are collected and deposited on a weekly basis, the necessary report is filled out with the most accurate categories of payment: cash, checks or credit cards. Distance Depositing the total amount on a weekly basis, Mr. Ali Mahmoud prepares a report after adjusting the total amount deposited by His own vision. After looking at some of the weekly deposits, Hala noticed that 20,000 Qatari cash were missing from each Deposit process. After a more comprehensive examination of the monthly tax documents that Mr. Ali filled out, Hala notes that the total income is the monthly amount reported to the Tax Authority is QR 80,000 less than the amount actually calculated. Professor Ali He is the only person to deal with the funds after they have been pooled. It is also the only person who deposits money on a weekly basis. When Hala asked Mr. Ali about the non-reporting of these unreported revenues, Mr. Ali replied that it was being done for tax purposes. It is believed that the auditor will accept this procedure because the fees of the Doha Audit Office are to implement Audit tasks and other tax services are paid by Al Wajba Consulting Services.

Study requirements: Each student must answer the following questions but each question should be answered at least 120 word for each question:

3. What are the alternatives available to Hala Abdullah, Fatima Hassan, and Professor Ali Mahmoud?

4. For each alternative dealt with in Requirement (3), are the net benefits exceeding the net losses for all the owners? Discuss your interpretation clearly

5. Whose rights will be violated in every alternative dealt with in Question 3? Discuss your interpretation clearly

can you answer number question number 5

Case study

Fatima Hassan is responsible for the collection, and auditing services of clients' accounts for the Doha Audit Office. Has been commissioned With a new client, Al Wajba Consulting Services Company, which contracted with the Doha Audit Office recently. Company CEO It is Mr. Ali Mahmoud, who monitors all operating activities of the company and takes all major decisions. Never use this company Previously, any services from the audit office. In addition to preparing the financial statements, the Doha Audit Office will handle the related matters Company taxes.

On her first visit to the company, Fatima Hassan met Hala Abdullah, she was recently hired as an accountant and is still a student. Accounting last year at a local university. At a later meeting, Hala assured Fatma that she had found the job at the beginning of the class Scholastic after extensive research. She needs money to help fund her studies at university and feels lucky to have found A well-paid job during this current phase of the economic downturn due to the COVID-19 pandemic.

Hala felt that Fatima was someone she could talk to and get advice from. Hala spoke of a situation she had in mind Some time ago. Hala concerns dealing with sales revenue. When the proceeds from sales are collected and deposited on a weekly basis, the necessary report is filled out with the most accurate categories of payment: cash, checks or credit cards. Distance Depositing the total amount on a weekly basis, Mr. Ali Mahmoud prepares a report after adjusting the total amount deposited by His own vision. After looking at some of the weekly deposits, Hala noticed that 20,000 Qatari cash were missing from each Deposit process.

After a more comprehensive examination of the monthly tax documents that Mr. Ali filled out, Hala notes that the total income is the monthly amount reported to the Tax Authority is QR 80,000 less than the amount actually calculated. Professor Ali He is the only person to deal with the funds after they have been pooled. It is also the only person who deposits money on a weekly basis. When Hala asked Mr. Ali about the non-reporting of these unreported revenues, Mr. Ali replied that it was being done for tax purposes. It is believed that the auditor will accept this procedure because the fees of the Doha Audit Office are to implement Audit tasks and other tax services are paid by Al Wajba Consulting Services.

Study requirements:

Each student must answer the following questions but each question should be answered at least 120 word for each question:

1. What is the problem or ethical problems in this situation? And why is each of them an ethical problem?

2. Who are the affected stakeholders in this situation? Explain how.

3. What are the alternatives available to Hala Abdullah, Fatima Hassan, and Professor Ali Mahmoud?

4. For each alternative dealt with in Requirement (3), are the net benefits exceeding the net losses for all the owners? Discuss your interpretation clearly

5. Whose rights will be violated in every alternative dealt with in Question 3? Discuss your interpretation clearly

1. What is the difference between legal and equitable remedies?
A buyer contracts to buy a 1941 four-door Cadillac convertible from a seller for $75,000. The seller, having found a third party who will pay $85,000 for the car, refuses to sell to the buyer. What is the buyer’s remedy? Assume the third party had paid the $85,000 and the seller was ordered to sell to the buyer. What is the third party’s remedy?
Professor Smith contracts to teach business law at State University for the academic year. After the first term is over, she quits. Can State University get an order of specific performance or an injunction requiring Professor Smith to return for the second term? Now suppose that the reason Professor Smith quit work at State University is because she got a better job at Central University, fifteen miles away. Can State University get an injunction prohibiting her from teaching at Central University?