When Kim Smith graduated with a degree in civil engineering, she pictured herself designing buildings and managing construction. She never imagined herself behind a computer writing reports. However, that is exactly where Kim finds herself today. She has just finished a major project: an environmental assessment of a plot of land on which a client wants to build an office park. Emily, the senior engineer on the project has asked Kim to write the client report. When Kim asked Emily if she could give her a model to follow, Kim pointed to the file cabinet and said, "Sure, you'll find lots of reports in there." Kim found a lot of reports: long ones, short ones, letter reports, and memo reports. The diversity confused her, but she was glad that she saved her business communication textbook from Concordia University. Kim begins writing her report using the 3x3 Writing Process. Her audience, the CEO of Halvorson Properties, wants to know whether it is safe to build an office park on the property he owns. Because this decision has significant financial and environmental effects, Kim decides to write a formal letter report that clearly communicates the message that the property is safe. Kim's research indicated that the site has not been affected by hazardous waste or contaminated groundwater. In the body of the report she will provide enough details about her methodology and findings to give Mr. Halvorson confidence in the assessment. With those decisions in mind. Kim sits down and write's the following report introduction: Dear Mr. Halvorson: At your request, we have conducted an investigation of the site defined by the attached survey map for the purposes of rendering an opinion as to whether the site contains hazardous waste or is being impacted by contaminated groundwater. Our investigation consisted of making soil borings and visual observations of the ground surface, vegetation, and drainage patterns and laboratory testing of soil samples. The testing included physical properties testing and chemical testing of the water extracted from the soil. In addition, we have examined various maps and aerial photos, contacted various government agencies, and contacted the power company in our efforts to determine whether the hazardous waste is known to have impacted the site. our findings are as follows: Your task is to revise Kim's introduction and rewrite it to promote clarity and conciseness.

A rich aunt has promised you $3,000 one year from today. In​ addition, each year after​ that, she has promised you a payment​ (on the anniversary of the last​ payment) that is 2% larger than the last payment. She will continue to show this generosity for 2020 years, giving a total of 2020 payments. If the interest rate is 4%​, what is her promise worth​ today?

MANAGEMENT TITLE ACRONYMS: Matching: ONE answer each

   A. BOD            B. CAO                C. CCO                     D. COO                          E. CTO

   A. CFO            B. CEO                                                      

75.   In charge of the machinery and technical assets of an organization.

76.   Essentially a group of consultants working for the company who among other things, are responsible for hiring and firing the

          CEO of the organization.

77.   In charge of gathering and then reporting certain statistics to the government or other monitoring organizations

          regarding how much and how well the organization is achieving specific required goals and mandates.

78.   In charge of product production/manufacturing operations of an organization.

79.   In charge of the Administrative functions of an organization.

80.   In charge of the Finance function of an organization.

81. The top, highest ranking, person in the organization.

PASSWORD/IDENTIFICATION TECHNIQUES (Matching) (one answer each!)

         A. Something you have      B. Something you know       C. Something you do       D. Something you are

82. Your mother’s maiden name

83. An eyeball scan

84. Your password (not “something you do”)

85. A key or an identification card

  86. A special way of doing handshakes with other people (not “something you know”)

87. Biometrics

What four financial statements can be found in a​ firm's 10-K​ filing? What checks are there on the accuracy of these​ statements?

Every public company is required to produce quarterly and annual financial statements. Those statements​ are:  ​(Select all the choices that​ apply.)

A.The statement of financial position.

B. The income statement.

C. The statement of cash flows.

D. The statement of​ stockholders' equity.

E. The statement of​ stockholders' liabilities.

What checks are there on the accuracy of these​ statements?  ​(Select all the choices that​ apply.)

A. Public companies must use a common set of rules and standard format when they prepare their reports.

B. Corporations are required to hire a neutral​ party, known as an​ auditor, to check the annual financial​ statements, ensure that the statements are prepared according to GAAP and provide evidence to support the reliability of the information.

C. In addition to the​ auditor's role in reviewing the financial​ statements, the​ Sarbanes-Oxley Act requires both the CEO and the CFO to personally attest to the accuracy of the financial statements presented to shareholders and to sign a statement to that effect.

D. When an auditor is not​ available, a​ corporation's CFO or the CEO can certify that financial statements are prepared according to GAAP.

Upstream Intercompany Merchandise Transactions

Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% markup on cost. Information on these intercompany merchandise transactions is below:

Required

a. Prepare the working paper eliminating entries related to these intercompany transactions at December 31, 2020.

b. Krocker sold shoes containing Jimmitz’s shoe accessories during 2020.

What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in 2020?

$Answer

What amount should appear in consolidated cost of goods sold for these shoe accessories?

$Answer

Show how the eliminating entries in part a adjust Krocker’s cost of goods sold balance to the correct consolidated balance.

Describe to the CEO how the 5Vs of big data could impact this analytic project ?

As CEO, which type of audit opinion would you prefer most and why?

What value do outside, Independent Directors bring to the CEO and C-Suite?

Explain why a CEO would not want to implement an information governance program at their HCO?

Question 1 – CVP Analysis

Brandon Manufacturing provides the data below relating to its single product for 2020:

• Selling price per unit $20
• Annual fixed costs $280,800
• Variable costs per unit $14
• Annual sales volume expected in 2020: 52,000 units

Required:

1. Complete the following table calculating each requirement listed in the table.

2. Prepare a Contribution Margin Income Statement for the expected sales in 2020: (given the original data)