Background: Accounting scandals and fraud, both in the United States and internationally, have re-ignited the debate over the current laws, regulation and accounting principles. The relative merits of GAAP, which takes a “rules-based” approach to accounting, versus IFRS, which takes a “principles-based” approach have been under scrutiny. In the last couple of years, the FASB announced that it intends to introduce more principles-based standards to improve general accounting principles and practices.
Organizations have internal control measures to detect fraud. In additions, organizations are subjected to required reporting of financial information to external entities. With that in mind, answer the following items in your initial discussion response:
Make sure your initial response contains 175- to 265-words.
APA Formatting: Use citations where appropriate and list references.
In: Accounting
1.A trolley is hurtling out of control and five people are tied down to the track! You are standing next to a very large man on a footbridge above the track. If you push him in front of the trolley, you will kill him, but save the five people. What would a Utilitarian and a Kantian Deontologist say you should do? What objection might a Kantian Deontologist make against the Utilitarian answer? Make sure you explain the relevant details of each theory.
2.Someone knocks at your door. It's your roommate's ex and she's come to kill him! She asks where he is. You know that your roommate happens to be upstairs sleeping. What would a Kantian and an Aristotelian say about this situation? What objection might an Aristotelian make against the Kantian answer? Make sure to explain the relevant details of each theory.
3.Oh no! You're living in the State of Nature and life is solitary, poor, nasty, brutish, and short! Describe the three features of the State of Nature according to Hobbes and how they contribute to making it undesirable. Then explain what Hobbes thinks you have to do to enter into society.
In: Psychology
1) Find a company whose ticker symbol contains your initials. (For example if your initials are: BK, then Bank of New York Mellon (BK) or Barnes and Noble (BKS) or Ambac Financial Group (ABK) would satisfy this requirement). If you cannot find any company with your initials, then use one of your initials (you choose which) twice. So if your initial are: SV, choose a company with either 2 S’s or 2 V’s in the ticker. If there is still no suitable company, then choose any company contained in the Dow Jones Industrial Average. 2) Obtain the financial statements for the three most recent years. Usually, the financial statements are in the company’s annual report, and are on, or can be downloaded from the company’s website, or 3) For the three most recent years, analyze the Du Pont identity for your chosen company. How has ROE changed over this period? How have changes in each component of the Du Pont identity affected ROE over this period? 4) Choose two competitors of the company you chose in parts 1,2 and 3. Analyze the Du Pont identity for the competitors (over the most recent three years). How does your company’s profitability compare to the two competitors? What conclusion, if any, can you make about the condition of your chosen company?
I chose Agilent Technologies but I couldnt post their financial statement here, please go to https://www.agilent.com/about/newsroom/presrel/2017/20nov-gp17023_print.html
# # #
| AGILENT TECHNOLOGIES, INC. | |||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||
| (In millions, except per share amounts) | |||||||||||
| (Unaudited) | |||||||||||
| PRELIMINARY | |||||||||||
| Three Months Ended | |||||||||||
| October 31, | Percent | ||||||||||
| 2017 | 2016 | Inc/(Dec) | |||||||||
| Net revenue | $ | 1,189 | $ | 1,111 | 7 | % | |||||
| Costs and expenses: | |||||||||||
| Cost of products and services | 542 | 523 | 4 | % | |||||||
| Research and development | 89 | 84 | 6 | % | |||||||
| Selling, general and administrative | 325 | 321 | 1 | % | |||||||
| Total costs and expenses | 956 | 928 | 3 | % | |||||||
| Income from operations | 233 | 183 | 27 | % | |||||||
| Interest income | 7 | 3 | 133 | % | |||||||
| Interest expense | (20 | ) | (19 | ) | 5 | % | |||||
| Other income (expense), net | 6 | (16 | ) | — | |||||||
| Income before taxes | 226 | 151 | 50 | % | |||||||
| Provision for income taxes | 49 | 25 | 96 | % | |||||||
| Net income | $ | 177 | $ | 126 | 40 | % | |||||
| Net income per share: | |||||||||||
| Basic | $ | 0.55 | $ | 0.39 | |||||||
| Diluted | $ | 0.54 | $ | 0.38 | |||||||
| Weighted average shares used in computing net income per share: | |||||||||||
| Basic | 322 | 324 | |||||||||
| Diluted | 326 | 328 | |||||||||
| Cash dividends declared per common share | $ | 0.132 | $ | 0.115 | |||||||
| Years Ended | |||||||||||
| October 31, | Percent | ||||||||||
| 2017 | 2016 | Inc/(Dec) | |||||||||
| Net revenue | $ | 4,472 | $ | 4,202 | 6 | % | |||||
| Costs and expenses: | |||||||||||
| Cost of products and services | 2,063 | 2,005 | 3 | % | |||||||
| Research and development | 339 | 329 | 3 | % | |||||||
| Selling, general and administrative | 1,229 | 1,253 | (2 | %) | |||||||
| Total costs and expenses | 3,631 | 3,587 | 1 | % | |||||||
| Income from operations | 841 | 615 | 37 | % | |||||||
| Interest income | 22 | 11 | 100 | % | |||||||
| Interest expense | (79 | ) | (72 | ) | 10 | % | |||||
| Other income (expense), net | 19 | (10 | ) | — | |||||||
| Income before taxes | 803 | 544 | 48 | % | |||||||
| Provision for income taxes | 119 | 82 | 45 | % | |||||||
| Net income | $ | 684 | $ | 462 | 48 | % | |||||
| Net income per share: | |||||||||||
| Basic | $ | 2.12 | $ | 1.42 | |||||||
| Diluted | $ | 2.10 | $ | 1.40 | |||||||
| Weighted average shares used in computing net income per share: | |||||||||||
| Basic | 322 | 326 | |||||||||
| Diluted | 326 | 329 | |||||||||
| Cash dividends declared per common share | $ | 0.528 | $ | 0.460 | |||||||
In: Accounting
C# assignment 5: Shipping Charges
A large Internet merchandise provider determines its shipping
charges based on the number of items purchased. As the number
increases, the shipping charges proportionally decrease. This is
done to encour- age more purchases. If a single item is purchased,
the shipping charge is $2.99. When customers purchase between 2 and
5 items, they are charged the initial $2.99 for the first item and
then $1.99 per item for the remaining items. For customers who
purchase more than 5 items but less than 15, they are charged the
initial $2.99 for the first item, $1.99 per item for items 2
through 5, and $1.49 per item for the remaining items. If they
purchase 15 or more items, they are charged the initial $2.99 for
the first item, $1.99 per item for items 2 through 5, and $1.49 per
item for items 6 through 14, and then just $0.99 per item for the
remaining items. Allow the user to enter the number of items
purchased. Define appropriate constants, use the decimal data type,
and display the ship- ping formatted charges.
In: Computer Science
Clinton Corporation has two decentralized divisions, Alpha and Beta. Alpha always has purchased certain units from Beta at $95 per unit. Beta plans to raise the price to $130 per unit, the price it receives from outside customers. As a result, Alpha is considering buying these units from outside suppliers for $95 per unit. Beta’s costs follow: Variable costs per unit $ 90 Annual fixed costs $ 170,000 Annual production of these units sold to Alpha 15,000 units
Required: a. If Alpha buys from an outside supplier, the facilities that Beta uses to manufacture these units will remain idle. What will be the result if Clinton enforces a transfer price of $130 per unit between Alpha and Beta?
Clinton's contribution margin would (increase/decrease) by ?????
b. Suppose Clinton enforces a transfer price of $95 and insists that Beta sell to Alpha before selling to outside customers. Beta currently operates at capacity and can easily sell the units it sells to Alpha on the outside market. What cost will Clinton incur as a result of this policy?
In: Accounting
Question No 1:
(A). Sohar Company is doing manufacturing business in Oman.
Recently, it started spending funds to acquire modern technology
which will improve the quality of products that leads to increase
its sales. This development will positively influence the investors
and help to maximize the market value of company shares.
Requirement:
(i) Which objective of Financial Management will be achieved by
Sohar Company by above development?
(ii) Explain any two arguments in favor of such
objective.
(B ) Agency is a branch of economics relating to the behavior of
principals (such as owners)
and their agents ( such as
managers).
Why do conflicts arise between
owners and managers in companies and what will be its
effect on the interests of
management?
Explain.
(C) At present the collection management of receivables of ABC
Company is very weak.
The company wants to improve
it and needs your help.
What are the suggestions
do you give to improve the collection management
of ABC Company
especially in the following
areas?
(i) Delay in
collection of
receivables (ii)
Delay in sending invoices to customers
(iii) Customers
complaints on products (iv) Lack of
training for staff
In: Finance
Cheshire Plants is delivering the monthly supply of their fine product to their seven customers. The distances in miles between the customers are shown in the table and, wishing to be as efficient as possible, the driver would like to find the shortest route that takes her from the starting point A to every customer and then back to the starting point. Use the nearest neighbor heuristic to identify a route that would minimize the distance traveled. Show work
| From/To | A | B | C | D | E | F | G | H |
| A | 0 | 288 | 231 | 210 | 89 | 216 | 118 | 264 |
| B | 62 | 0 | 51 | 166 | 211 | 36 | 223 | 270 |
| C | 176 | 196 | 0 | 126 | 90 | 235 | 190 | 83 |
| D | 210 | 216 | 86 | 0 | 171 | 46 | 276 | 125 |
| E | 223 | 93 | 242 | 160 | 0 | 238 | 104 | 139 |
| F | 193 | 44 | 73 | 79 | 137 | 0 | 50 | 196 |
| G | 255 | 275 | 241 | 116 | 41 | 293 | 0 | 164 |
| H | 271 | 31 | 33 | 79 | 52 | 107 | 225 | 0 |
In: Operations Management
You are manager of the human resource department at a large company. You will meet a group of new employees. You want to develop a PowerPoint presentation that describes your company’s corporate ethics code on privacy that addresses both employee privacy and the privacy of customers and users of the corporate Web site. There are a vast number of examples you can access on existing corporate Web sites to use as models (note: using them as models to create your own presentation; do not copy them!). Develop a PowerPoint presentation that must contain at least 15 slides. Your presentation must include the following topics:
In: Operations Management
Wildhorse Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Wildhorses’ ledger showed Cash of $8,100 and Common Stock of $8,100.
| May 1 | Purchased merchandise on account from Black Wholesale Supply for $8,100, terms 1/10, n/30. | |
| 2 | Sold merchandise on account for $4,500, terms 2/10, n/30. The cost of the merchandise sold was $3,400. | |
| 5 | Received credit from Black Wholesale Supply for merchandise returned $200. | |
| 9 | Received collections in full, less discounts, from customers billed on May 2. | |
| 10 | Paid Black Wholesale Supply in full, less discount. | |
| 11 | Purchased supplies for cash $900. | |
| 12 | Purchased merchandise for cash $3,100. | |
| 15 | Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. | |
| 17 | Purchased merchandise from Wilhelm Distributors for $2,500, terms 2/10, n/30. | |
| 19 | Paid freight on May 17 purchase $250. | |
| 24 | Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. | |
| 25 | Purchased merchandise from Clasps Inc. for $800, terms 3/10, n/30. | |
| 27 | Paid Wilhelm Distributors in full, less discount. | |
| 29 | Made refunds to cash customers for returned merchandise $118. The returned merchandise had cost $100. | |
| 31 | Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $814. |
Journalize the transactions using a perpetual inventory system. Also, Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. Also, Prepare an income statement through gross profit for the month of May 2022. Lastly, Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,554.
In: Accounting
Ivanhoe Hardware Store completed the following merchandising
transactions in the month of May. At the beginning of May,
Ivanhoes’ ledger showed Cash of $8,500 and Common Stock of
$8,500.
| May 1 | Purchased merchandise on account from Black Wholesale Supply for $8,500, terms 1/10, n/30. | |
| 2 | Sold merchandise on account for $4,900, terms 2/10, n/30. The cost of the merchandise sold was $3,800. | |
| 5 | Received credit from Black Wholesale Supply for merchandise returned $200. | |
| 9 | Received collections in full, less discounts, from customers billed on May 2. | |
| 10 | Paid Black Wholesale Supply in full, less discount. | |
| 11 | Purchased supplies for cash $900. | |
| 12 | Purchased merchandise for cash $3,500. | |
| 15 | Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. | |
| 17 | Purchased merchandise from Wilhelm Distributors for $2,900, terms 2/10, n/30. | |
| 19 | Paid freight on May 17 purchase $250. | |
| 24 | Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. | |
| 25 | Purchased merchandise from Clasps Inc. for $800, terms 3/10, n/30. | |
| 27 | Paid Wilhelm Distributors in full, less discount. | |
| 29 | Made refunds to cash customers for returned merchandise $98. The returned merchandise had cost $86. | |
| 31 | Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $811. |
Journalize the transactions using a perpetual inventory system.
Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances.
Prepare an income statement through gross profit for the month of May 2022.
Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,380.)
In: Accounting