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Allocating the Costs of the Legal Department Most large companies have an in-house legal staff that helps the company deal with current and pending legal matters. Often the legal staff 's efforts are assisted by outside counsel, especially when specialized technical issues are involved. The legal department is growing in importance for some firms, as the firms attempt to deal with new govern- ment regulations. For management accountants, the regulatory changes have been dramatic, as a result of the Sarbanes-Oxley Act of 2002 which increased the responsibilities of financial managers in publicly held firms. One portion of the act, for example, requires a company to maintain a code of ethics.
Required: Most companies allocate the cost of legal services to their SBUs on the basis of some measure of size, such as the total assets or total revenues of the SBU. What is the likely effect of this allocation approach on the desired motivation and behavior within the SBUs? What approach would you propose for allocating legal costs, and why?
your final portfolio for the class will be to create a marketing plan for the company of your choice. you will need to
Management tools are used in the manufacturing cycle of the value chain and feature or objective of total-life-cycle costing?
What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job - what overhead rate was used in each year?
Piscataway Plastics Company manufactures a highly specialized plastic that is used extensively in the automobile industry. The following data have been compiled for the month of June. Conversion activity occurs uniformly throughout the production ..
1do you think a uniform set of accounting standards across all nations will work? provide pros and cons to your
Prepare a cash budget for December 2011 and January 2012. Supply supporting schedules for collections of receivables; payments for merchandise; and marketing, distribution, and customer-service costs.
Suppose that a firm produces two products. Should the firm always place the most emphasis on the product with the largest contribution margin per unit? Explain.
What payments must Zach Taylor make to settle the loan at the interest rate of 11%, but with the 6 payments beginning on the day the loan is signed?
question 1.a company had a market price of 38.10 per share earnings per share of 1.55 and dividends per share of 0.70.
How much of Intels 2012 total provision for income taxes was current tax expense, and how much was deferred tax expense?
Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Holism Consulting.
Compute the cash flows from operating activities under the indirect method.
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