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A fast food restaurant has a drive -through window and during peak lunch times can handle a maximum of 80 cars per hour with one person taking orders, assembling them, and acting as a cashier. The average sale as per order is of the order of Rs.100. A proposal has been made to add two additional workers and divide the tasks among them. One will take orders, the second will assemble them, and the third will act as cashier. With this system it is estimated that 120 cars per hour can be serviced. All workers earn the minimum wage. Use productivity arguments to recommend whether or not to change the current system.
What are some of new tools information technology has provided that contribute to unethical behaviour?
The following labor standards have been established for a particular product: What is the labor efficiency variance for the month?
Smith Manufacturing's bank has just informed the company's CFO that an audit is required to obtain an operating line of credit (LOC). The company needs the LOC to maintain its cash flow.
What impact does corporate taxation have on the accounting profession? What type of role do you see yourself playing with regard to corporate taxation?
On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action:
What are the advantages of loan agreements that contain covenants tied to accounting numbers? Are there any disadvantages? Please explain.
Prepare a statement of cash flows (indirect method)for walker corportion for 2010. The 2010 and 2009 balanccer sheets of walker corporation follow. the 2010 income statement is also provided.
Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.
Provide a brief definition of compilation and review performed in accordance with the SSARS. Include the type of assurance provided.
On his deathbed, Chester gave his live-in caregiver $5,113,000 of listed bonds, incurring a gift tax liability of $35,000. After Chester died, the executor of his will filed a gift tax return and remitted the gift tax to the IRS. Assume Chester's ..
What additional guidelines requirements are related to ethics are required to ensure consistency of CPAs across the nation? What are some examples of ethics violations?
Examine the sources of pressure that change and influence the development of GAAP. Determine the sources of pressure that have the greatest impact. Justify your rationale.
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