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Questions:
1. (a) What is the purpose of an entity?
(b) What are the rights of the stakeholders of an entity?
2. (a) Outline the legal duties that directors have to their company (in Australia).
(b) Provide an example of a director that has not fully complied with these legal duties. What were the penalties involved? (Ensure you provide evidence via appropriate references you have obtained to support your answer).
3. One Tel Ltd and ABC Learning Centres Ltd were Australian companies that entered financial distress and were subsequently delisted from the ASX.
(a) For both One Tel Ltd and ABC Learning Centres Ltd, outline three warning signals that the financial statements and/or notes to the accounts revealed that would have indicated the company was at risk of financial distress? (your answer must explain which statement or note provides this information).
Advise managers whether or not this contract is profitable. All assumptions must be clearly stated.
Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $600.00; how many tickets must be sold to reach break-even?
Latest financial statement of your SLP company (Apple Inc) to compute the measuements and reflect on the advantages and disadvantages of these performance measures. Choose your preferred measure and explain your rationale.
Determine the total cost per unit for each product using traditional job-order costing and determine the total cost per unit for each product using activity based costing
Prepare the statement of cash flows for Barton Publication Company, Inc., for the year ended March 31, 2010, using the indirect method for operating cash flows.
Describe how a job analysis increases productivity, aids in job description creation, and guides employee team formation.
You are a retail store manager (big box retailer) that needs to present the district team with a proposal. A family owned sporting goods store is closing. You (the store manager) need to come up with a proposal and give the presentation to the dis..
Calculate the total simulated hours, total waiting time for the customer service team member, and the total wait time for the customer?
What is Pareto efficiency? Why do economists use this criterion for comparing alternative economic systems?
Richie Rich, the president of Rich's Money Company, has asked for information about the cost behavior of manufacturing support costs. Specifically, he wants to know how much support cost is fixed and how much is variable. The following data are th..
What is the impact of this method of creating the profit-and-loss statement on management decision making and what is the impact of this method of creating the profit-and-loss statement on business performance?
What are the major differences between job-order costing and process costing systems?
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