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The Audit Company performs financial statement audits for public and private companies. It competes and plans to grow by performing high-quality audits and by completing the audits faster than other firms. There are many other accounting firms in the industry capable of auditing public and private companies. They believes it needs to continuously improve its audit processes and that having satisfied employees who have earned their CPA license are both critical to its long-term success.
**List, describe, and justify eight metrics 2 in each of the Balanced Scorecard perspectives) that you believe they should include in its Balance scorecard.
How can a manager use the "strategic analysis of operating income" to determine if a firm has successfully implemented its strategy? Be sure to provide specific examples.
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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