Accounting

Cost-volume-profit (CVP) can be used to calculate the break-even point. The break-even point is the sales level at which the company does not earn a profit or loss. CVP can also be used to add in an amount of profit (target profit) in the calculation. Costs can either be fixed, variable, or mixed.Include the following in your post:Explain variable costs, fixed costs, and mixed costs.What is meant by the term relevant range?What is contribution margin and how is it calculated?Explain the three methods: the equation approach, the contribution approach, and the contribution margin approach to calculate the break-even point.Present a chart that depicts the four steps that are necessary to develop the CVP chart.What is margin of safety and operating leverage?

Reflecting on the Master budget, what’s the difference between the Operating and Financial budget?

Thank you for those insights on business forms. I would like to add that at times when a business is started the founders are not really sure how to structure it, so, they may just go with the default partnership or LLC, however our tax laws at the federal level do allow LLCs to make an election to be treated as a regular Corporation or an S-Corporation. Thanks for sharing.Class, Why would business owners/founders prefer to establish the S-Corporation instead of the C-Corporation form of business?

Forms of BusinessThere are many forms of businesses, such as a sole proprietorship, partnerships, corporations, and limited liability corporations. Partnerships are formed to pool together talent and individuals’ money. Partnerships have many tax benefits, including the partnership not being taxed; the net income flows directly to the partner’s individual tax return.What are the characteristics of a partnership?What types of partnerships are there?How are partnership profits allocated and taxed?Why are partnerships different than a limited liability company or an S corporation?

Discussion RequirementsReview the Statement of Cash Flows for your chosen company ( Johnson and Johnson)  and provide a brief description of what you discover for each of the items listed below. ( 10-K form attached for information)Category: Operating Activities1.    Net income versus total for operating activities: Report these values.2.    What are the items of significance between net income and total for operating activities?3.    Is the business providing cash flow from operations?Category: Investing and Financing Activities1.    Describe significant long-term assets (type and amount) purchased, sold, or retired during the current period as well as last year.2.    Describe significant financing activities used by the corporation to increase cash (or other assets): These would be related to long-term liabilities and stockholders’ equity.Category: Analysis1.    Overall Cash Flow (total of three sections): Compare this year to last year.

FASB ASC 13-1 Initial Direct Cost Incurred by the LessorSearch the FASB ASC database to address the following questions. For each question, copy and paste your research findings and then write a short summary of your response to each question. Remember to cite your research findings.A.        How does the FASB define initial direct cost associated with leasing?B.        How do lessors account for initial direct costs incurred for a sales-type lease?C.        How do lessors account for initial direct costs incurred for an operating lease?

Discuss consolidation concepts and procedures, including those used for wholly-owned subsidiaries and less-than-wholly-owned subsidiaries.Examine ownership and control from an accounting standpoint.Analyze consolidation procedures, including the cost and equity-method, direct and indirect control, combined financial statements, elimination of intercompany transactions,differentials, push-down accounting, other comprehensive income, and variable interest entities.Discuss the limitations of consolidated financial statements.

Prior to beginning work on this discussion, read the 2017 Sarbanes Oxley Compliance Survey (Links to an external site.) from Protiviti consulting firm, and the Section 302: Corporate Responsibility for Financial Reports (Links to an external site.) and Section 404: Management Assessment of Internal Controls (Links to an external site.) from the SOX website. Although it has been over a decade since the enactment of the Sarbanes-Oxley Act (SOX) of 2002, the majority of executives and other professionals agreed, in the above-mentioned survey by the Protiviti consulting firm, that internal control over reporting structure in their organizations has significantly or moderately improved since compliance with the legislation became a requirement.For your initial post of at least 200 words, visit the Journal of Accountancy (Links to an external site.), click the Financial Reporting tab, and select Internal Control. Select an article on Internal Control over Financial Reporting, and discuss why compliance with SOX Sections 302 and 404 is still a subject of ongoing interest.

Prior to beginning work on this discussion, read Amazon.com’s most recent annual report from www.amazon.com (Links to an external site.). In this discussion, we will determine how sales affect Amazon.com’s Income Statement. After opening its virtual doors on the World Wide Web in July 1995, Amazon.com seeks to be Earth’s most customer-centric company. In each segment, Amazon.com serves its primary customer sets, consisting of consumers, sellers, developers, enterprises, and content creators (Amazon.com, 2016 Annual Report).For your initial post:Go www.amazon.com (Links to an external site.), then select Annual Reports, Proxies and Shareholders Letters, and open Amazon’s most recent annual report.Read the income statement, which Amazon.com names as the “Consolidated Statement of Operations” and in “Note 1—Description of Business and Accounting Policies,” under Notes to Consolidated Financial Statements read the subsections titled “Revenues” and “Cost of Sales.”Then examine Amazon.com’s income statement by addressing the following:Estimate the percentage of Amazon’s Sales ending up as Net Income (Loss).Estimate the percentage of Amazon’s Sales going to pay for the costs of the goods being sold.Summarize the specific criteria necessary before Amazon will recognize a sale as having been completed, and record the related revenue.Discuss how Amazon accounts for (reports on its income statement) the shipping costs it incurs to ship goods to its customers.Guided Response: Review several of your peer’s posts. In a minimum post of at least 150 words

Using the Internet identify and research a company with an employee who was involved in corporate fraud. For the assignment you will determine how you would implement an investigation of the fraudster, discuss how you would collect evidence, identify red flags, and suggest key investigation practices. You will also recommend a fraud prevention plan for the organization and discuss how it might impact the organization and its employees.InstructionsWrite a 4-5 page paper in which you:1 ) Based on your research, assume that you are fraud investigator assigned to coordinate an investigation of the fraudster. Determine how you would implement this investigation without the fraudster’s knowledge. Provide support for your rationale.2.) Assuming you are the fraud investigator on this case, assess what types of surveillance and/or covert operations you would use to collect evidence related to the fraud. Analyze technological options for investigating fraud, indicating what you believe to be the most effective option. Provide support for your rationale.3.) During the investigation, assess the most significant red flags that would have been an indication of possible fraud needing corrective action by management.4.) Based on your research, suggest key practices the fraud investigator could have used in conducting interviews with the fraudster and the company’s employees. Assess the various interviews and interrogation questions available to you. Select the type of interview and interrogation questions that would have been most appropriate for this investigation. Provide support for your rationale.5.)Recommend a fraud prevention plan for this organization. Determine the positive or negative consequences that this fraud prevention plan might have on employees’ morale and the public perception of the organization. Provide support for your rationale. 6.)Use at least four quality resources in this assignment.