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Let us consider the cost of your 5 year college education including Masters Degree majoring in Accounting as a capital investment of $60,000.Estimate that the college education would deliver an opening salary of $50,000 in the accounting profession with a combined BBA/Masters in Accounting.
1- Comment on methods you can use to evaluate this capital investment decision.2- Detail your specific outcomes in regards to a 5 year bachelor's degree costing $60,000.3- Comment on:a- Earnings potential in Accounting Profession - Detail Salaries for Positionb- Professional certifications - Name and Describe How UsedCPACMACDFACFAc- Future cash flows on earning in professiond- Job opportunities in Accounting Profession: 1) Locally in NYC 2) Nationally 3)Internationallye- The ability to work in any desired location of the USA - Where is your choice of location in the world; and what would Be your starting salary; and what would be your salary range after working 5 years?
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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