• Q : Moving up the economic value chain....
    Accounting Basics :

    Problem: What is meant by "moving up the economic value chain," and how are CPAs going to accomplish this?

  • Q : What type of an asset is goodwill....
    Accounting Basics :

    Find the heading Goodwill. What type of an asset is goodwill? Does Amazon write off this asset? Explain what the company does.

  • Q : Liability section of the balance sheet....
    Accounting Basics :

    Go to http://money.com or http://finance.yahoo.com and enter the company symbol and then find the financial statements. For your company, analyze the liability section of the balance sheet.

  • Q : Construct an asset allocation model....
    Accounting Basics :

    Construct an asset allocation model for Dr. O'Hara given his financial objectives and risk tolerance level.

  • Q : Determining the adequacy of internal controls....
    Accounting Basics :

    Describe Keller CPAs’ responsibilities related to determining the adequacy of internal controls. What internal controls issues do you identify? On your internal control questionnaire for manag

  • Q : Vendor statements with accounting system....
    Accounting Basics :

    How and where to compare vendor statements with accounting system and requests and enters missing documents/transactions as necessary?

  • Q : Preparing deposit tickets-reconciliations and billing....
    Accounting Basics :

    Problem 1: How and where to secure revenue by verifying and posting receipts; resolving discrepancies? Problem 2: How to post daily cash receipts to owners accounts, preparing deposit tickets, reconci

  • Q : How the financial crisis of 2008 highlighted the issues....
    Accounting Basics :

    The financial crisis of 2008 drew attention to fair-value accounting (FVA), creating a major policy debate involving the US Congress, the European Commission as well as banking and accounting regula

  • Q : Lottery payout-time value of money....
    Accounting Basics :

    If you were to win $1,000,000 in the state lottery and had a choice to either receive $50,000 a year for 20 years or $560,000 now, which would you choose and why? What factors would you need to cons

  • Q : Price of high-coupon bonds change....
    Accounting Basics :

    If interest rates change, does the price of high-coupon bonds change proportionately more than that of low-coupon bonds?

  • Q : Interest prices....
    Accounting Basics :

    Problem 1: Investors should save when interest prices go up. Do you think most smart investors are doing this?

  • Q : What is the discount factor....
    Accounting Basics :

    If the PV of $139 is $125, what is the discount factor? (Round your answer to 3 decimal places.)

  • Q : Fair labor standards act....
    Accounting Basics :

    • Locate a 1-2 page job description from your current company, former company or on-line. • Read the job description and analyze it based on the Fair Labor Standards Act.

  • Q : Various tax rate structures....
    Accounting Basics :

    Problem: Describe the various tax rate structures; how are they different and which do you propose for the various types of taxes?

  • Q : Expectations of taxpayer compliance....
    Accounting Basics :

    Problem: What are the various expectations of taxpayer compliance and how are they important?

  • Q : Incremental cash flows....
    Accounting Basics :

    Incremental cash flows when deciding whether to invest in a new manufacturing plant. 1. Statement - Money already spent on engineering design of the new plant.

  • Q : Adjusted gross income....
    Accounting Basics :

    As it relates to Adjusted Gross Income and "Above the Line" or "Below the Line" when changes were made to the tax laws that created the phase out of certain itemized deductions, could there have bee

  • Q : Cash versus accrual accounting....
    Accounting Basics :

    Compare and contrast cash versus accrual accounting for the preparation of a tax return? Why would you use one over the other?

  • Q : Taxes qualify to deducted as itemized deductions....
    Accounting Basics :

    What types of taxes qualify to be deducted as itemized deductions? What sort of taxes don't qualify for the deduction? Would a vehicle registration fee qualify as a deductible tax? Why or why not?

  • Q : Interest income and dividend income....
    Accounting Basics :

    Between interest income and dividend income, which is best to receive from a tax perspective? Explain in detail your answer and your interpretation of the question.

  • Q : Ownership had great tax advantages....
    Accounting Basics :

    There was a time when home ownership had great tax advantages; how does home ownership compare 15 years ago as compared to today?

  • Q : Calculate the joint product cost....
    Accounting Basics :

    Using the relative sales value method (Using the sales price at slit off), calculate the joint product cost that would be allocated to M and S.

  • Q : Depreciation by airlines....
    Accounting Basics :

    What are the top 3 costs besides depreciation by airlines do you think and do you think all of these would be better (lower) with newer airplanes?

  • Q : Trade-off between a new plane and an old plane....
    Accounting Basics :

    Do you think at some point there is a trade-off between a new plane and an old plane? You mention where one plane outweighs the other, but in the end, do you think the financials just might even out

  • Q : What is the project npv....
    Accounting Basics :

    Problem 1. What is the project's NPV, given the projections in Table 10.8? Problem 2. Conduct a sensitivity and a scenario analysis of the project. What do these analyses reveal about the project's

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