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Category: Accounting homework help (Page 1 of 40)

There are four discussion post listed:    Term 1 Unit 1 Discussions *LM 4-Corpor

There are four discussion post listed:
  
Term 1 Unit 1 Discussions
*LM 4-Corporations (ACCT1105 Financial Accounting)
1. Define a corporation and mention two characteristics of a corporation.
2. Explain the following:
a. Legal Entity
b. Stockholder
3. Define an organizational chart of a corporation
4. Define the following concepts:
a. Stockholder equity
b. Pain-in capital
c. Retained earnings
d. Dividend
e. Stock
5. Explain your understanding of the following:
a. Outstanding stock
b. Par value
c. Common stock
d. Preferred stock
e. Cummulative preferred stock
f. Premium
g. Discount
h. Stock split
i. Treasury stock
*Unit 1 Discussion (ACC303 Intermediate Accounting)
Please complete Judgement Case 1-12.
Consider the question of whether the United States should converge accounting standards with IFRS.
Required:
· Make a list of arguments that favor convergence.
· Make a list of arguments that favor nonconvergence.
· Indicate your own conclusion regarding whether the United States should converge with IFRS, and indicate the primary considerations that determined your conclusion.
*Unit 1 Discussion (ACC301 Cost Accounting)
Read 1-56 and complete the questions on page 39.
1-56. Responsibility for Unethical Action
The following story is true except that all names have been changed and the time period has been compressed.
Charles Austin graduated from a prestigious business school and took a job in a public accounting firm in Atlanta. A client hired him after five years of normal progress through the ranks of the accounting firm. This client was a rapidly growing, publicly held company that produced software for the health care industry. Charles started as assistant controller. The company promoted him to controller after four years. This was a timely promotion. Charles had learned a lot and was prepared to be controller.
Within a few months of his promotion to controller, the company’s chief financial officer abruptly quit. Upon submitting her resignation, she walked into Charles’s office and said, “I have given Holmes (the company president) my letter of resignation. I’ll be out of my office in less than an hour. You will be the new chief financial officer, and you will report directly to Holmes. Here is my card with my personal cell phone number. Call me if you need any advice or if I can help you in any way.”
Charles was in over his head in his new job. His experience had not prepared him for the range of responsibilities required of the company’s chief financial officer. Holmes, the company president, was no help. He gave Charles only one piece of advice: “You have lots of freedom to run the finance department however you want. There is just one rule: Don’t ever cross me. If you do, you’ll never work again in this city.” Charles believed his boss could follow through on that threat because he was so well-connected in the Atlanta business community.
The end of the company’s fiscal year came shortly after Charles’s promotion to chief financial officer. After reviewing some preliminary financial amounts, Holmes stormed into Charles’s office and made it clear that the results were not to his liking. He instructed Charles to “find more sales.” Charles was shocked, but he did as he was told. He identified some ongoing software installation work that should not have been recorded as revenue until the customer signed off on the job. Charles recorded the work done as of year-end as revenue, even though the customer had not signed off on the job. He sent an invoice to the customer for the amount of the improper revenue, then called her to say that the invoice was an accounting error, and she should ignore it.
The next year, Charles’s work life was better, but his personal life was not. He went through a costly divorce that resulted in limited time spent with his two small children. Now he was particularly concerned about not crossing his boss because of the threat that he would never work in Atlanta if he did. He could not bear to look for a new job that would take him away from his children. Further, it would be difficult to find a job anywhere that came close to paying the salary and benefits of his current job. With high alimony and child support payments, Charles would feel a dire financial strain if he had to take a cut in pay.
The company struggled financially during the year. Clearly, the company would not generate the level of revenues and income that Holmes wanted. As expected, he again instructed Charles to find some way to dress up the income statement. It did not matter to Holmes whether what Charles did was legal or not.
Charles had exhausted all legitimate ways of reducing costs and increasing revenues. He faced an ethical dilemma. He could resign and look for a new job, or he could illegitimately record non-existent sales. He now understood why the former chief financial officer had resigned so abruptly. He wished that he could talk to her, but she was traveling in Australia and could not be contacted. The board of directors would be no help because they would take the president’s side in a dispute.
After considering his personal circumstances, Charles decided to record the illegitimate sales as the president had instructed. Charles knew that what he did was wrong. He believed that if the fraud was discovered, Holmes, not he, would be in trouble. After all, Charles rationalized, he was just following orders.
Required:
a. Can you justify what Charles did?
b. What could Charles have done to avoid the ethical dilemma that he faced? Assume that the company president would have made it impossible for Charles to work in Atlanta in a comparable job.
c. What if the Securities and Exchange Commission discovered this fraud? Would Charles’s boss get in trouble? Would Charles?
*Unit 1 DB: Terminology (ECO201 Macroeconomics)
Each student will be assigned key concepts (see instructor announcement for your assigned concept)
My key term is Market Power 
Example of Key Concepts Table:
Key Concepts Key Concepts – Alternative Formats
This discussion board is intended to introduce you to the economics terms we will cover in the class. You are to explain the term that you have been assigned as a presentation to the class. Please refer to the website about Writing a Position Paper.  
Open the discussion with a brief introduction to the topic. For example, you might use something like the following. “Like many disciplines, economics uses specific terminology to ensure complete understanding of the concepts employed. In this presentation, I would like to introduce you to the concepts of (the term the student is provided with).”
Define      the assigned term in your own words. MARKET POWER
Provide      an original, economics-based explanation of the term.
Provide      a real/hypothetical contextual example (different from that provided in      the text) of the term as it is applied to economics.
Do      not just list the above in bullet-point style.

  QuickBooks is a well-known accounting software among many business owners and

 
QuickBooks is a well-known accounting software among many business owners and accountants. This software has been utilized for managing lots of financial activities. However, QB users have to deal with different types of error codes while working on the QuickBooks desktop. To deal with such issues and error codes, Intuit has designed an accounting tool i.e., QuickBooks Tool Hub File Doctor. The file doctor tool helps you in fixing a lot of errors that might display due to numerous reasons.
If you are interested to get a detailed analysis of QuickBooks Tool Hub File Doctor, check out the following post. We have mentioned all the related aspects regarding this tool.
What type of errors can be fixed using the QuickBooks Tool Hub File Doctor?
Here, we have listed all the possible error codes that you can fix by using the file doctor tool. Now, you may look into the following list.
Damaged QuickBooks Company Files
QuickBooks database server-related issues
Failed to launch QuickBooks company file
QuickBooks 6000 series error codes
QuickBooks H series error codes such as H101, H202, H303, and H505.
Blank or missing customer, vendor, or employee lists.
Damaged Windows registry
Multi-user error codes.
Issues related to Firewall ports
Installation Errors
QuickBooks run-time errors
Steps to Download the QuickBooks Tool Hub File Doctor
Below, you can get the complete steps of downloading the file doctor tool using the tool hub. You may look into the following steps to download the file doctor tool.  
The first step is to download the QuickBooks tools hub. 
Now, press and hold the Ctrl + J keys to click downloads.
After that, you are required to save the file on the desktop.
Click on the QuickBooksToolsHub.exe to open the file. 
Select Yes to agree and accept the license agreement.
Click on the Next option after choosing the install option. 
After completing the installation procedure, choose the finish option. 
Finally, open the QuickBooks Tool Hub. 
Steps to download the QuickBooks Tool Hub File Doctor 
The initial step is to close all the running applications from the background. 
After that, download the QuickBooks File Doctor by visiting Intuit’s official website.
Now, you have to download the .exe file in your system.
Meanwhile, launch the .exe file and you will see an install setup window.
And then, choose the option Yes to start the installation process.
Go through the ongoing instructions. And then, agree to the terms and conditions to finish the process.
Lastly, choose Finish.
You may also read: QuickBooks tool hub program diagnostic tool
What are the possible outcomes after using the QuickBooks file doctor tool?
After using the QuickBooks Tool Hub File Doctor, you may look into the following results. 
QuickBooks file doctor tool did not find any issues. 
The file doctor tool has detected the issue and resolves it automatically. 
The issue has been detected but the file doctor is unable to fix it.  
You will get one of the aforementioned results after running the file doctor tool. If the issues still persist, then you should get connected with our certified experts. 
To Conclude
At last, you have come to the end of this informative post regarding QuickBooks Tool Hub File Doctor. In case, you have further queries regarding the same tool, get connected with our experts by dialing a toll-free support phone number 1-860-215-2261. We will help you by letting you know all about the file doctor tool. So, call us right away to get in touch with our certified experts. 

 QUESTION 1 (25 MARKS)  a.  Sam took a RM5,000 bank loan from SEA Bank. The bank

 QUESTION 1 (25 MARKS) 
a.
 Sam took a RM5,000 bank loan from SEA Bank. The bank charged Sam 4.5% interest and requires him to pay at the end of each year for 4 years. Calculate the yearly repayment amount, and complete the following loan amortisation schedule. 
Please refer to table in question 1 in file
b
 Susan plans to save RM2,000 every year for the following three years. There is no money set aside for years four and five. Determine how much Susan will have at the end of the fifth year if all investments earn 2%. 
c
 Zayd invested RM7,000 in Bank A three years ago. The bank pays 8% simple interest per annum. He decided to withdraw all the money accumulated in that bank and invest in Bank Z that gives 5% interest compounded quarterly. He plans to keep the money for 4 years in Bank Z. Calculate the accumulated amount at the end of the fourth year. 
d
 Sofea plans to buy a condominium when she graduates from Wawasan Open University three years from now. The condo’s selling price is expected to be  RM240,000 in three years’ time and she will need 10% of the selling price as a deposit to book the condo.  
 If she puts RM6,000 now in an account that yields 15% interest compounded semiannually, calculate how much more would she need to deposit soon after she has graduates. 
 QUESTION 2 (25 MARKS) 
a
 Mei Lin is putting money aside to purchase a new automobile in four years. She plans to save RM450 at the end of each month for the next four years. She plans to put the money into a savings account with a monthly interest compounding rate of 2.0 percent. Determine how much money she will have in four years. 
b
 In ten years, John Hsu hopes to establish a business. He aims to acquire RM200,000 to invest in the firm by that time. To achieve his aim, he wants to put a particular sum today in an investment fund that will pay him 8.0 percent per annum, compounded semi-annually. Calculate how much John will have to invest today to reach his goal 
c
 Muthu had just acquired a car loan from a bank. The bank had agreed to lend him RM120,000 in exchange for a 5% down payment on the automobile. Muthu would have to pay monthly instalments to repay the debt at a rate of 3.0 percent per annum compounded monthly for 9 years. 
(i)  Compute the amount of his monthly payment. (5 marks)
(ii)  Calculate Muthu’s total interest assuming he keeps the loan till the agreedupon settlement term. (4 marks)
(iii)  Determine how much interest Muthu would save if he decides to pay off the debt entirely after 6 years. (6 marks)
 QUESTION 3 (25 MARKS) 
 Your company can invest in either, or both of two investments: Hitam Berhad shares and Putih Berhad shares. The expected returns on each of these two investments vary depending on economic conditions. The following table shows the expected returns and the likelihood of the economic conditions. 
Refer to table in question 3 in file
a
 If you invest in a portfolio comprising both shares, it will be 60% in Hitam Berhad,  and 40% in Putih Berhad, calculate 
 i) the average return for Hitam Berhad shares 
 ii) the average return for Putih Berhad shares 
 iii) the weighted return of Hitam and Putih shares 
 iv) the risk for Hitam Berhad shares 
 v) the risk for Putih Berhad shares 
 vi) the weighted risk for Hitam and Putih shares 
 vii) the correlation between Hitam and Putih shares 
 viii) the average return for portfolio 
 ix) the risk of the portfolio.  (20 marks)
b
 Based on your response above, explain what occurred to the rate of return and risk when you moved from individual shares to a portfolio. 
 QUESTION 4 (25 MARKS) 
 Purple Berhad’s production manager is putting together a capital appraisal to replace a machinery in the Batu Maung factory and has sought your advice. 
 Current machinery 
 Purchased 4 years ago for RM600,000. 
 Sales proceeds of RM50,000 achievable 5 years from now. 
 If retained, the machinery will require major repairs at the end of the first year amounting to RM50,000, and a further repair of RM20,000 at the end of the third year. 
 Annual cash flows are estimated to be RM30,000. 
 If sold now, it would be for RM70,000.  
 Proposed replacement 
 Cost RM900,000 fully installed. 
 Effective life would be for 5 years. 
 Annual maintenance costs would be RM30,000 per year. 
 Cash flows expected to increase to RM60,000 per year.  
 Additional information 
 Ignore tax effects 
 Cost of capital is at 10% per annum. 
a
 Using only Net Present Value as your basis of decision, recommend to the production manager to retain the current machinery, or to replace it.  (17 marks) 
b
 Give TWO criticisms each for the Accounting Rate of Return and Payback Period capital budgeting techniques.  (8 marks) 

Research and select a sample strategic plan in an industry with which you are fa

Research and select a sample strategic plan in an industry with which you are familiar or interested. Be sure it includes the various components of a typical strategic plan.
Identify in 300-350 words what the plan does well, in addition to areas for improvement.
Discuss whether the plan:
Clearly states where the organization is going and how it will get there
Evaluates the organization’s external and internal environments
Includes a people plan and addresses achievement of a diverse workforce
Includes corporate social responsibility and environmental sustainability
Submit the plan and its citation to your faculty member for approval. This will be used in Wks 4 and 5 of the course.

 QuickBooks Error Code 6190 and 816: Learn to Fix It.  QuickBooks has been speci

 QuickBooks Error Code 6190 and 816: Learn to Fix It. 
QuickBooks has been specifically designed for managing the accounting and bookkeeping activities of small to medium-sized businesses. With the help of this software, you can easily manage all your business finances. We are here to discuss one of the common issues that can appear at any time while opening the QuickBooks desktop. QuickBooks Error Code 6190 and 816 generally take place while updating QuickBooks. 
If you want to know all the aspects related to the same error, get connected with us via the following post. 
Indications of QuickBooks Error Code 6190 and 816
Your system starts displaying QuickBooks Error 6190 816 frequently on the screen.
You might be facing issues while opening the QuickBooks desktop. 
The transaction log file and company file stop supporting each other. 
Leading Factors for QuickBooks Error Code 6190 and 816
Here, you can get all the possible causes for QuickBooks error 6190 816. If you are also getting one of the following causes, it shows that the system encounters error code 6190. 
At the time of updating the QuickBooks application and the backup files. 
The error may pop up while using the company file in single-user mode.
Due to corrupted data in the company file. 
During the installation of the QuickBooks application.
QuickBooks Error Code 6190 and 816: Probable Solutions 
QuickBooks Error Code 6190 and 816 can be fixed by following one of the underneath solutions. We have tried our best to include all possible solutions to fix the same issue.  
Solution 1: Installing QB Database Server Manager 
The first step is to download the QuickBooks database server manager on the server.
After that, click on the Start menu and look for the QuickBooks server manager. 
Next, launch the database server manager and update it to the latest version.
Restart the server. 
Finally, launch the QuickBooks software on the server and workstation. 
Solution 2: Update Windows to the latest version 
To start with, you need to choose the Start menu. 
Go to the Settings tab and then click on the Update and Security tab. 
Click on the Windows update tab and check for updates. 
You need to start downloading the latest updates to windows.
Finally, reinstall the QuickBooks desktop. 
Solution 3: Repairing Windows Registry Files 
Click on the Windows icon and then select the Start menu.
After that, look for the search bar and type “Command” in it. 
Next, launch the command prompt and press the Ctrl + Shift + Enter keys. 
Enter the admin login details to launch the command prompt window. 
Write Regedit and press Continue.
Go to the Export tab and click on the Save tab. 
Now, you are required to save the file with the .reg extension. 
Finally, follow the ongoing prompts to complete the procedure. 
Final Words!
Expectantly, you have got all the mandatory information regarding QuickBooks Error Code 6190 and 816 via this instructive post. There might be chances of facing issues while logging into the company file. If you have any further doubts regarding the same, give us a call at a toll-free support phone number 1-860-215-2261. 

 QUESTION 1 (25 MARKS)  a.  Sam took a RM5,000 bank loan from SEA Bank. The bank

 QUESTION 1 (25 MARKS) 
a.
 Sam took a RM5,000 bank loan from SEA Bank. The bank charged Sam 4.5% interest and requires him to pay at the end of each year for 4 years. Calculate the yearly repayment amount, and complete the following loan amortisation schedule. 
Please refer to table in question 1 in file
b
 Susan plans to save RM2,000 every year for the following three years. There is no money set aside for years four and five. Determine how much Susan will have at the end of the fifth year if all investments earn 2%. 
c
 Zayd invested RM7,000 in Bank A three years ago. The bank pays 8% simple interest per annum. He decided to withdraw all the money accumulated in that bank and invest in Bank Z that gives 5% interest compounded quarterly. He plans to keep the money for 4 years in Bank Z. Calculate the accumulated amount at the end of the fourth year. 
d
 Sofea plans to buy a condominium when she graduates from Wawasan Open University three years from now. The condo’s selling price is expected to be  RM240,000 in three years’ time and she will need 10% of the selling price as a deposit to book the condo.  
 If she puts RM6,000 now in an account that yields 15% interest compounded semiannually, calculate how much more would she need to deposit soon after she has graduates. 
 QUESTION 2 (25 MARKS) 
a
 Mei Lin is putting money aside to purchase a new automobile in four years. She plans to save RM450 at the end of each month for the next four years. She plans to put the money into a savings account with a monthly interest compounding rate of 2.0 percent. Determine how much money she will have in four years. 
b
 In ten years, John Hsu hopes to establish a business. He aims to acquire RM200,000 to invest in the firm by that time. To achieve his aim, he wants to put a particular sum today in an investment fund that will pay him 8.0 percent per annum, compounded semi-annually. Calculate how much John will have to invest today to reach his goal 
c
 Muthu had just acquired a car loan from a bank. The bank had agreed to lend him RM120,000 in exchange for a 5% down payment on the automobile. Muthu would have to pay monthly instalments to repay the debt at a rate of 3.0 percent per annum compounded monthly for 9 years. 
(i)  Compute the amount of his monthly payment. (5 marks)
(ii)  Calculate Muthu’s total interest assuming he keeps the loan till the agreedupon settlement term. (4 marks)
(iii)  Determine how much interest Muthu would save if he decides to pay off the debt entirely after 6 years. (6 marks)
 QUESTION 3 (25 MARKS) 
 Your company can invest in either, or both of two investments: Hitam Berhad shares and Putih Berhad shares. The expected returns on each of these two investments vary depending on economic conditions. The following table shows the expected returns and the likelihood of the economic conditions. 
Refer to table in question 3 in file
a
 If you invest in a portfolio comprising both shares, it will be 60% in Hitam Berhad,  and 40% in Putih Berhad, calculate 
 i) the average return for Hitam Berhad shares 
 ii) the average return for Putih Berhad shares 
 iii) the weighted return of Hitam and Putih shares 
 iv) the risk for Hitam Berhad shares 
 v) the risk for Putih Berhad shares 
 vi) the weighted risk for Hitam and Putih shares 
 vii) the correlation between Hitam and Putih shares 
 viii) the average return for portfolio 
 ix) the risk of the portfolio.  (20 marks)
b
 Based on your response above, explain what occurred to the rate of return and risk when you moved from individual shares to a portfolio. 
 QUESTION 4 (25 MARKS) 
 Purple Berhad’s production manager is putting together a capital appraisal to replace a machinery in the Batu Maung factory and has sought your advice. 
 Current machinery 
 Purchased 4 years ago for RM600,000. 
 Sales proceeds of RM50,000 achievable 5 years from now. 
 If retained, the machinery will require major repairs at the end of the first year amounting to RM50,000, and a further repair of RM20,000 at the end of the third year. 
 Annual cash flows are estimated to be RM30,000. 
 If sold now, it would be for RM70,000.  
 Proposed replacement 
 Cost RM900,000 fully installed. 
 Effective life would be for 5 years. 
 Annual maintenance costs would be RM30,000 per year. 
 Cash flows expected to increase to RM60,000 per year.  
 Additional information 
 Ignore tax effects 
 Cost of capital is at 10% per annum. 
a
 Using only Net Present Value as your basis of decision, recommend to the production manager to retain the current machinery, or to replace it.  (17 marks) 
b
 Give TWO criticisms each for the Accounting Rate of Return and Payback Period capital budgeting techniques.  (8 marks) 

  QuickBooks is a well-known accounting software among many business owners and

 
QuickBooks is a well-known accounting software among many business owners and accountants. This software has been utilized for managing lots of financial activities. However, QB users have to deal with different types of error codes while working on the QuickBooks desktop. To deal with such issues and error codes, Intuit has designed an accounting tool i.e., QuickBooks Tool Hub File Doctor. The file doctor tool helps you in fixing a lot of errors that might display due to numerous reasons.
If you are interested to get a detailed analysis of QuickBooks Tool Hub File Doctor, check out the following post. We have mentioned all the related aspects regarding this tool.
What type of errors can be fixed using the QuickBooks Tool Hub File Doctor?
Here, we have listed all the possible error codes that you can fix by using the file doctor tool. Now, you may look into the following list.
Damaged QuickBooks Company Files
QuickBooks database server-related issues
Failed to launch QuickBooks company file
QuickBooks 6000 series error codes
QuickBooks H series error codes such as H101, H202, H303, and H505.
Blank or missing customer, vendor, or employee lists.
Damaged Windows registry
Multi-user error codes.
Issues related to Firewall ports
Installation Errors
QuickBooks run-time errors
Steps to Download the QuickBooks Tool Hub File Doctor
Below, you can get the complete steps of downloading the file doctor tool using the tool hub. You may look into the following steps to download the file doctor tool.  
The first step is to download the QuickBooks tools hub. 
Now, press and hold the Ctrl + J keys to click downloads.
After that, you are required to save the file on the desktop.
Click on the QuickBooksToolsHub.exe to open the file. 
Select Yes to agree and accept the license agreement.
Click on the Next option after choosing the install option. 
After completing the installation procedure, choose the finish option. 
Finally, open the QuickBooks Tool Hub. 
Steps to download the QuickBooks Tool Hub File Doctor 
The initial step is to close all the running applications from the background. 
After that, download the QuickBooks File Doctor by visiting Intuit’s official website.
Now, you have to download the .exe file in your system.
Meanwhile, launch the .exe file and you will see an install setup window.
And then, choose the option Yes to start the installation process.
Go through the ongoing instructions. And then, agree to the terms and conditions to finish the process.
Lastly, choose Finish.
You may also read: QuickBooks tool hub program diagnostic tool
What are the possible outcomes after using the QuickBooks file doctor tool?
After using the QuickBooks Tool Hub File Doctor, you may look into the following results. 
QuickBooks file doctor tool did not find any issues. 
The file doctor tool has detected the issue and resolves it automatically. 
The issue has been detected but the file doctor is unable to fix it.  
You will get one of the aforementioned results after running the file doctor tool. If the issues still persist, then you should get connected with our certified experts. 
To Conclude
At last, you have come to the end of this informative post regarding QuickBooks Tool Hub File Doctor. In case, you have further queries regarding the same tool, get connected with our experts by dialing a toll-free support phone number 1-860-215-2261. We will help you by letting you know all about the file doctor tool. So, call us right away to get in touch with our certified experts. 

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