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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?
What are the purposes of accounting codes? How are they used? What are some examples of codes used by manufacturing firms, accounting firms, and merchandising firms?
Fiduciary funds are accounted for differently than permanent funds, even though both may account for nonexpendable resources.
Charles River Company has just sold a bond issue with 10 warrants attached. The bonds have a 20-year maturity, an annual coupon rate of 12.0 percent, and they sold at their $1,000 par value.
Seventy percent of Diamond Beauty Supply shop sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. Prepare a monthly schedule of cash rece..
Chris White was a forestry technician who had been searching for several years for a business opportunity to combine with his forestry career
On January 1, 2010, the balance in Kubera co.'s Allowance for Bad Debts account was$9720. during the year, a total of $23900 of delinquent account receivable was written off as bad debts, the balance in the allowance for bad debts account at Decem..
What are intangible assets? Can you provide a few examples? Why are these important, and how are they recorded?
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. One units of raw material are required to produce each unit of finished product.
You own a bond with a face value of $10,000 and a conversion ratio of 450. What is the conversion price?
Yuli Copters is known to be aggressive in ignoring intellectual property claims. Imagine they just go ahead with the project as stated above. (In other words, they decide not to pay for the license.)
What is the Uniform Partnership Act of 1997 and what is the relevance to partnership accounting and what types of items are typically included in the partnership agreement? Explain.
Provide the fund level entries in general journal form needed to conform to basically accepted accounting principles. If no entry is needed, so indicate.
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