Managerial accounting is changing rapidly as a result of technology and new types of enterprises. Below is an article that states the opposite (Talha et al, 2010). How can we reconcile the two statements? What is a managerial accounting model? Read the article and comment on some aspect of the discussion in an attempt to […]
The Annie Smith Dance Center The Director of Annie Smith Dance Center is asking for assistance with the financial aspects of running a professional group of performers. She wants financial information presented in an easy to read format and a better understand of the profitability of the concerts and the organization as a whole. The […]
Tax season is in full swing and a client comes to you concerned about a potential casualty loss because her car was completely damaged in a storm last year. She has since purchased a new car, but she still thinks the government “owes” her because the damage was due to insufficient drainage in her neighborhood. […]
“Playing Games with Probability” Please respond to the following: From the e-Activity, determine the probability of winning your state’s lottery game. Provide a rationale to support your determination. What is the expected value of a lottery ticket? See the link to the US Census with data on lottery sales, prizes, administration costs and proceeds available. […]
Financial Ratio Analysis for Apple Corporation Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft®Office® website. There are also additional tutorials via the web that offer support for office products. Select one of the publicly traded corporations listed below and obtain the most current SEC Form 10-K (annual financial report) from the company’s web […]
Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Why did you select these steps and what makes them confusing? Why do you think these steps are especially important in the health care industry? • Make at least two (2) recommendations for improving […]
Use the Internet or Strayer library to research two (2) publically traded U.S. companies, and download their financial statements. Assume that you are the CEO of one of the selected companies. You are responsible for gaining control over the other company. You have three (3) choices, either of which you believe that the Board of […]
Give an overview of the history of Internal Revenue Service (IRS) regulations concerning the allocation of income and deductions.
1. At what point should managers investigate variances? Should managers ignore favorable variances and spend their time studying unfavorable variances? Why or why not? 2. What are the benefits to be derived from flexible budgets? Cite an example where a flexible budget was utilized in your own life, albeit professional or at home. I will […]
The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit $8.00 Variable manufacturing costs per unit $1.83 Variable selling and administrative expenses per unit $4.45 Fixed manufacturing overhead (in total) $75,000 Fixed selling and administrative expenses (in […]
