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Manager: "If I can reduce my costs by $40,000 during this last quarter of 2011, my division will show a profit that is 10% above the planned level, and I will receive a bonus of $10,000. However, given the projections for the 4th Quarter, it does not look promising. I really need that $10,000. I know one way I can qualify; all I have to do is to lay off my three most experienced Sales executives. After all, most of the orders are in for the 4th Quarter, and I can always hire new Salespersons at the beginning of the next year.Requireda. What is the right choice for the manager to make?b. Why did the ethical dilemma arise?c. What will be the implications of the decision of the manager to lay off the 3 experienced sales executives?
Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Prepare an analysis of the variance for material and ..
Prepare journal entries to record the treasury stock transactions. Prepare the equity section of the balance sheet for Cosmo Company.
Get a clear understanding of the (LIO) Localization Implementation options events that would trigger testing What type of testing is required manual/automated?
At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required and (2) provide an example of the closing of an expense account, Rent Expense in the form of a journal entry.
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What are the chances that a company will have 20 years of losses to actually use a loss carryforward (and still be in business)? How do accounting principles support holding an asset on the balance for this long?
What financial factors should management consider when deciding whether to sell a product at the split off point or process it further?
In what types of situations could it be appropriate to use equity-method reporting even though the investor does not hold voting common stock of the investee? Explain.
How much should Mr. Graff pay for a gold mine expected to yield an annual return of $20,000 and to have a life expectancy of 20 years, if he wants to have a 15% annual return on his investment and he can set up a sinking fund that earns 10% a year..
Describe the direct and indirect technique in quoting foreign currencies. Provide some examples.
Calculate the NPV, and the Profitability Index (PI) for this project. Should this project be undertaken?
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