Your company's CEO is concerned that the large, mature business is falling behind in its level of innovation and organizational learning. He would like to promote increased intrapreneurship and has asked for ideas. Prove two viable suggestions you would give the CEO.
In: Economics
In: Economics
Over the years we have seen large changes in US federal income tax rates, with the highest marginal rates falling from 70% to under 40% today. Describe the impact of this change on the spread between US Treasury bonds and municipal bonds.
In: Finance
Aztec, Inc. had sales as follows during 2017:
|
Quarter 1 |
7,000 units |
|
Quarter 2 |
8,000 units |
|
Quarter 3 |
9,000 units |
|
Quarter 4 |
8,000 units |
Aztec expects sales in each quarter of 2018 to be 10% more than the respective quarters for 2017. If each unit sells for $100, what amounts will appear as sales revenue in the quarterly sales budgets for 2018?
$770,000; $880,000; $990,000; $880,000
$630,000; $720,000; $810,000; $720,000
In: Accounting
Metal Corporation uses a process costing system. Data concerning the first processing department for the most recent month are listed below:
|
Beginning work-in-process inventory: |
||||
|
Units in beginning work-in-process inventory |
1,200 |
|||
|
Materials costs |
$ |
9,120 |
||
|
Conversion costs |
$ |
15,840 |
||
|
Percent complete with respect to materials |
40 |
% |
||
|
Percent complete with respect to conversion |
30 |
% |
||
|
Units started into production during the month |
8,000 |
|||
|
Materials costs added during the month |
$ |
120,800 |
||
|
Conversion costs added during the month |
$ |
284,000 |
||
|
Ending work-in-process inventory: |
||||
|
Units in ending work-in-process inventory |
1,600 |
|||
|
Percent complete with respect to materials |
35 |
% |
||
|
Percent complete with respect to conversion |
40 |
% |
||
Required:
In: Accounting
First, in developing an accounting standard, the accounting standard setters must select the ‘most appropriate’ policy from a range of alternatives for inclusion in accounting standards. The choice that they make is critical because it virtually determines accounting practice. Second, if there is no accounting standard, or if the standard either implicitly or explicitly allows a choice, the preparers of financial statements must select the most appropriate accounting policy for use in the preparation of financial statements to become creative accountants making choices about which accounting recognition, measurement and disclosure policies to use (Henderson et al, 2017 ).
AASB 108 ‘Accounting Policies, Changes in Accounting Estimates and Errors’ deals with the choice of accounting policy. However, paragraph 7 of AASB 108 requires that, where there is a relevant Australian accounting standard, it must be applied.
Henderson et al (2017) argue that AASB 108, therefore, requires that the choice of accounting policies should result in financial statements that contain relevant and reliable information and are comparable and understandable. Relevant and reliable information is provided only when the economic substance, rather than the legal form, of a transaction is recorded and reported. (Henderson et al, 2017 p. 123).
Required:
You are required to critically examine above arguments and make your recommendations as to how accountants become creative accountants in the face of ever-increasing number of Australian accounting standards.
Report should incorporate the followings:
In: Accounting
which of the five rules for making a first impression do you most often overlook? (set goals, consider your ornaments, remember your body speaks, bust bad moods and bad days, be interested to be interesting). which one do you think you could gain the most from? think of somebody you'd like to positively impress, and assume you'll be able to meet this person next week at a networking event. describe your intention or goal for the introduction. describe how you can appear interested. what question might you ask? I need 300 words.
In: Operations Management
What are the most important things to consider when getting ready for your first speech? Use an example of a speech you have given or a speech you attended.
In: Psychology
You have just completed the first half of one of the most
challenging yet exhilarating classes of your college career. You
are 19 years old. After listening to the wise words of your awesome
professor and the thrilling representatives from Calm Waters
Financial, you have decided being a millionaire is well within your
reach. You decide you want to be a millionaire by the age of 59.
You have looked around and found a mutual fund that expects an
average return of 7% compounded monthly (totally feasible).
QUESTION 1- If you are making your plan today and hope to start
saving at the end of the month, how much do you need to deposit
each month to reach your goal? QUESTION 2 - How much would you end
up contributing to your million? After a bit of calculation, you
decide you don’t want to wait until you are 59, and shift your goal
to being a millionaire by 49. QUESTION 3- How much will
you need to invest each month now? When you see the number you
realize it might be a bit to aggressive for you based on your
budget. You think about it and remember that if you can find a fund
yielding a high average return, you could get that payment down.
QUESTION 4 - You and Google have a late night together and you find
a fund that averages 12% compounded monthly. What impact does that
have on your monthly payment? QUESTION 5 - How much do you
contribute with these changes?
In: Finance
The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
| Budgeted direct labor-hours | 11,600 | 10,000 | 10,300 | 11,100 |
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.50 per direct labor-hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $21,000 per quarter.
Required:
1. Prepare the company’s manufacturing overhead budget for the upcoming fiscal year.
Prepare the company’s manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places.)
|
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2. Compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.
redetermined overhead rate for the year:
In: Accounting