Accounting

 Identify and describe two (2) incremental cash flows from a proposed project such as expanding a product line or to launching a new product or service. 

“Blast it!” said David Wilson, president of Teledex Company. “We’ve just lost the bid on the Koopers job by $2,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid.” Teledex Company manufactures products to customers’ specifications and uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labour cost to apply its manufacturing overhead (assumed to be all fixed) to jobs. The following estimates were made at the beginning of the year:   Department     Fabricating Machining Assembly Total Plant Manufacturing overhead $350,000 $400,000 $90,000 $ 840,000 Direct labour $200,000 $ 100,000 $300,000 $600,000 Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows:   Department     Fabricating Machining Assembly Total Plant Direct materials $ 3,000 $200 $1,400 $4,600 Direct labour $2,800 $500 $6,200 $9,500 Manufacturing overhead? Required: Using the company’s plantwide approach: Compute the plantwide predetermined rate for the current year. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labour cost. Under these conditions: Compute the predetermined overhead rate for each department for the current year. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Explain the difference between the manufacturing overhead that would have been applied to the Koopers job using the plantwide approach in question 1 (b) and using the departmental approach in question 2 (b). Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labour, and applied overhead). What was the company’s bid price on the Koopers job using a plantwide predetermined overhead rate? What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost?

This week’s required readings explain the role that analytics plays in the modern business environment. Consider the following questions and respond in a minimum of 175 words:·  How is data analytics different from statistics?·  Analytics tools fall into 3 categories: descriptive, predictive, and prescriptive. What are the main differences among these categories?·  Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least 1 example.·  Consider the organization you work for (or another organization you’re familiar with). Does this organization use data analytics? If so, how is it used? If not, how could the organization use data analytics to improve its performance?

Select one U.S. publicly traded company and review its most recent annual report. (You may use one of the three companies you selected for your Stock Journal assignment.)Use the Excel template provided to report assets, liabilities, equity, revenue, and income for your selected company. Determine changes in assets, liabilities, and equity. Determine changes in total revenue and net income. Describe the changes from the current and prior years in each of these key areas and whether the changes would be positive or negative from an investor/stockholder’s view. Use at least two quality references. Consider using the sources of information ideas above or searching and locating resources from the Strayer University Library. Note: Wikipedia and other Websites do not qualify as academic resources. the journal included week 3 to refer back to Record the current price of the stock for Pfizer Inc, China Mobile, and Chevron Corporation,  You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). Determine the current value of your total investment Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company. Evaluate the results of your current investment to provide your opinion/assessment of your investments. Consider the following questions as you provide your opinion: Why do you believe the stock increased, decreased, or remained static? Are you upset because your investment is worth less than $25,000?Are you happy with the result and the trend? Use at least two quality references. Consider using the sources of information ideas above or searching and locating resources from the Strayer University Library. Note: Wikipedia and other Websites do not qualify as academic resources.

Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the business world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting. Instructions: Read the following scenario. Answer the questions that follow. This will be a 2-3 page submission in a question and answer format (also in paragraph form). An introduction and conclusion are not required. You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company. Your immediate supervisor is the controller who also reports directly to the VP of Finance. The controller has assigned you the task of preparing the year-end adjusting entries.  In the receivables area, you have prepared an aging accounts receivable and have applied historical percentages to the balances of each of the age categories.  The analysis indicates that an appropriate estimated balance for the allowance for uncollectible accounts is $180,000.  The existing balance in the allowance account prior to any adjusting entry is a $20,000 credit balance. After showing your analysis to the controller, he tells you to change the aging category of a large account from over 120 days to the current status and to prepare a new invoice to the customer with a revised date that agrees with the new category.  This will change the required allowance for uncollectible accounts from $180,000 to $135,000. Tactfully, you ask the controller for an explanation for the change and he tells you “We need the extra income, the bottom line is too low.”Required: In a 2-3 page paper, discuss the following: Consider what you have learned relative to ethics and financial reporting. What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance? How do you think the misstatement of funds will impact the income statement and balance sheet? What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as an assistant controller. Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor? What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted?

The purpose of this assignment is to complete the FASB Codification Assignment. Complete Items 1-4. Item 1Access the glossary (Master Glossary) to answer the following what is a change in accounting estimate? How is a change in accounting principle distinguished from a “change in accounting estimate effected by a change in accounting principle?”Item 2What guidance does the codification provide concerning the format of accounting disclosures? Item 3In light of the full disclosure principle, investors and creditors need to know the balances for assets, liabilities, and equity as well as the accounting policies adopted by management to measure the items reported in the balance sheet.nstructions: Go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide codification references for your responses. Identify the literature that addresses the disclosure of accounting policies. How are accounting policies defined in the literature? What are the three scenarios that would result in a detailed disclosure of the accounting methods used? Item 4Your client is in the planning phase for a major plant expansion, which will involve the construction of a new warehouse. The assistant controller does not believe that interest costs can be included in the cost of the warehouse because it is a financing expense. Others on the planning team believe that some interest costs can be included in the cost of the warehouse, but no one could identify the specific authoritative guidance for this issue. Your supervisor asks you to research this issue. Instructions: Go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide codification references for your responses. Is it permissible to capitalize on interest in the cost of assets? Provide authoritative support for your answer. Discuss which assets qualify for interest capitalization. Is there a limit to the amount of interest that may be capitalized in a period? If interest capitalization is allowed, what disclosures are required? General RequirementsAPA style is not required, but solid academic writing?is expected. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance. Items 1-4 provided with permission for use in ACC-616 from Keiso, D. E., Weygandt, J. J., & Warfield, T. D. (2016). Intermediate accounting (16th ed.). Danvers, MA: John Wiley & Sons, Inc.(Also, I have attached what I have done. It is not complete, but it is a starting point)Notes from the Professor: Description Hello: I received a really great question on how best to approach the FASB Codification Assignment. This is what I provided–I hope this helps in developing your skills from ‘copy and paste’ to articulating in essay format our responses. Remember, we are not ‘just answering questions’…you demonstrated that skill as undergraduates. Now, we take the readings and synthesize what was written, paraphrase it in our own words, and properly cite our sources. What I would do, is first, you can have a header for each of the questions/topics. For example, I would have a header called: Item 1: Accounting Estimates and Accounting Changes. I would then have a paragraph that covers what a change in accounting estimate is, in your own words with an example (Cite your source though in the paragraph). I would then have another paragraph describing the differences between an accounting change and an accounting estimate (again, with example and citation). So, you can write a minimum of 2 paragraphs as if you are writing an essay response to these concepts. The key is can you articulate, through synthesis and paraphrasing the concepts and can you provide examples that demonstrate how the concept may be applied in practice. When we are covering information on guidance, it is more than just providing the link. Again, provide an essay response as to what concerns are addressed regarding accounting disclosures and provide examples.

Obtain Apple’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (A) from the investor relations section of the company’s Web site or (B) by using the company search feature of the SEC’s EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html.Based on the information in the company’s most recent annual report, answer the following questions In what industry does the company operate? How many years of information are reported on the company’s income statement? How much net income does the company report on its income statement for each year present? How much revenue does the company report on its income statement for each year presented? Within the notes to the financial statements, find the note on significant accounting policies. Based on the information in this note, when does the company recognize revenue? Based solely on the company’s net income, has the company’s performance improved, remained constant, or deteriorated over the periods presented? Briefly explain your answer.

Please post what you view as the appropriate responses to the above prompts. Your initial post should be 250-300 words. Please provide a response with a clear, well-formulated thesis; sentence structure, grammar, punctuation, and spelling count. Support ALL?posts with appropriate rationale and citations from readings; document sources using APA format.Q1: Simon just received a 30-Day letter from the IRS indicating a proposed assessment. Does he have to pay the additional tax? What are his options?  Q2: What is the difference between primary and secondary authorities? Explain the role of each authority type in conducting tax research. Note: i want you to get information from this website or book with cited please https://playerui.mheducation.com/#/epub/sn_0d37c#epubcfi(%2F6%2F72%5Bdata-uuid-202155d72fbc4ecdb9683fc50f219082%5D!%2F4%2F2%5Bdata-uuid-d20765d0a8b04f59a3317b9c871dcfdb%5D%2F18%5Bdata-uuid-e870cee93ecc4296a65b7f66e064a70a%5D%2F8%5Bdata-uuid-65741d24f60b4acb8684a629c54c5d54%5D) Also you can use other sources with that

SEC Filings and the EDGAR Database [WLOs: 1, 2, 3, 4] [CLOs: 1, 2, 3, 4, 5] In a three- to five-page paper (not including the title and reference pages) research and discuss how the SEC’s EDGAR | Search Tools improves how investors find and use financial information. In your paper, explain how investors can use the Securities and Exchange Commission’s (SEC) database at EDGAR | Search Tools (Links to an external site.) to research a company’s operations and financial information. Assess the financial performance of Amazon.com, Inc. (AMZN) by determining the risk of investing in the company through financial statement analysis. To make the above assessment and determination, go to Amazon’s.com (Links to an external site.) official website, and locate the company’s Investor Relations link. Using the Investors Relations link, find financial information such as SEC Filings and Annual Reports. Conclude how investors can assess Amazon’s.com financial performance and risk using Annual Reports. Explain the content of each report listed below in detail and how it relates to your assessment of Amazon’s.com financial performance. Form 10-K SEC filings Annual Reports Management Discussion and Analysis Management’s Responsibility for Financial Reporting Management’s Report on Internal Control over Financial Reporting Auditors’ Report Selected Financial Data Amazon.com, Inc. (AMZN) is the world’s largest electronic commerce and cloud computing company measured by revenue and market capitalization. The following items were adapted from a recent Annual Report of Amazon.com (Links to an external site.) for the year ending December 31:   In millions 1.                   Accounts payable $16,459 2.                   Accounts receivable 5,612 3.                   Cash 14,557 4.                   Cost of sales 62,752 5.                   Income tax expense 167 6.                   Interest expense 210 7.                   Inventories 8,299 8.                   Net cash provided by operating activities 6,842 9.                   Net cash flows used for investing activities (5,065) 10.               Net sales 88,988 11.               Other expenses 118 12.               Other income 76 13.               Property, plant, and other long-term assets 16,967 14.               Selling, general, and administrative expenses 26,058 15.               Retained earnings (Dec. 31) 2,190   Indicate on which financial statement you would find each of the preceding items using the following notations (note: an item may appear on more than one statement): IS Income statement SE Statement of stockholders’ equity BS Balance sheet SCF Statement of cash flow Prepare an income statement for the year ending December 31, based on the com, Inc. financial statement data shown above. The Final Paper: SEC Filings and the EDGAR Database Must be three to five double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.) Must include a separate title page with the following: Title of paper Student’s name Course name and number Instructor’s name Date submitted For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.). Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources. Must add an APA heading (Level 1 or Level 2) for each one of the topics discussed in the research paper as shown: SEC EDGAR Database Level 1Amazon’s.com financial performance Level 1 Form 10-K SEC Filings Level 2 Annual Reports Level 2 Management Discussion and Analysis Level 2 Management’s Responsibility for Financial Reporting Level 2 Management’s Report on Internal Control over Financial Reporting Level 2 Auditors’ Report Level 2 Selected Financial Data Level 2 Financial Statement Notations (IS, SE, BS, SCF) Level 1Amazon’s.com Income Statement Level 1   Use the following APA Style blog to read about the APA Five Levels of Headings (Links to an external site.) Must use at least 14 scholarly and/or credible articles from ProQuest Business, Industry Databases: Nasdaq.com, EY.com, and Comprehensive Accounting Databases: FASB codification, AICPA, and SEC reference library sources in addition to the course text. The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment. Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.) Must include a separate reference page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.

You have learned this term that it is important to understand the cross-cultural psychology literature on national and ethnic cultures and on the management literature on culture in organizations. Of major concern to the global organization is the impact of environmental sensitivity – culture and subculture. Climate change opinion varies by country on many levels, economic, political, legal, and social to name a few. Evaluate how cross-cultural cultural issues associated with environmental sensitivity can be a source of competitive advantage. Also, consider the impact: does it only represent a cost to an organization? How will global organizations adapt as concerns about the natural environment increase? Your paper should synthesize theories and concepts and demonstrate how you can apply them in your analysis and evaluation of this topic.  You may also use these Internet sources: http://www.geog.ox.ac.uk/research/climate/projects/undp-cp/ http://www.pewglobal.org/2015/07/14/climate-change-seen-as-top-global-threat/ https://blog.richmond.edu/geog250/2016/02/08/mapping-the-impacts-of-climate-change/ https://wikitruth.co/topic/global-warming-and-anthropogenic-climate-change/56260b399034736a6829657e http://www.un.org/sustainabledevelopment/climatechange/