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Accounting
1. From the e-Activity, assess the advantages and disadvantages of the continued use of the traditional relational database and then decide if businesses should be moving toward relational databases in the cloud. Justify your decision and provide specific examples to support your response.
Determine whether a company has an ethical obligation to share with external clients that key information about them is being stored in the cloud. Speculate how external clients would react if they were told in advance or it was kept from them and they found out another way.
2. Your firm wants to move from a relational database model to the REA data model. Explain to your senior management the risks and rewards of such of a move. Be sure to provide specific examples to support your response.
As we know, the REA data model is an emerging technology change. Make five recommendations for creating useful entity-relationship (E-R) diagrams. Rank them in level of importance, and then justify your ranking.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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