What is the Time Value of Money Principle? Provide a real-world application which requires use of the Time Value of Money Principle.

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Answer the discussion question

What is the Time Value of Money Principle? Provide a real-world application which requires use of the Time Value of Money Principle.

Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year.

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Module 7 – AOL testing Case Study

CASE 3-29
1. Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year.
2. Should Terri Ronsin go along with the general manager’s request to reduce the direct labor-hours in the predetermined overhead rate computation to 420,000 direct labor-hours?

Analyze the fraud scheme in terms of the Fraud Triangle, and include an example of incentive/pressure, opportunity, and rationalization from the case that you found in your analysis. What were the types of financial statement fraud committed by Crazy Eddie’s retail business?

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Unit5 ac465

Read the following fraud case study materials in Chapter 7 of your text:

  • “That Way Lies Madness”
  • “Hiding Your Dirty Laundry in the Notes”

In your analysis of this case study, please address the following:

  • Analyze the fraud scheme in terms of the Fraud Triangle, and include an example of incentive/pressure, opportunity, and rationalization from the case that you found in your analysis.
  • What were the types of financial statement fraud committed by Crazy Eddie’s retail business?
  • What red flags were present indicating that each type of fraud may be occurring?
  • Explain how the risk factors you found increase fraud risk. For each fraud risk factor, suggest an internal control that will minimize the risk.

Assignment Submission Requirements

  • Viewpoint and purpose should be clearly established and sustained by providing specific examples to support your assertions.
  • Use correct grammar, punctuation, and spelling.
  • Writing should be well ordered, logical, and unified, as well as original and insightful.
    • Explain why the person’s behavior pressured them to commit fraud.
    • Where did they find the opportunity to commit fraud?
    • How did they justify (rationalize) their behavior in committing the fraud?

Write an essay analysis on the Impact of COVID-19 on the Labour Market in South Africa.

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Impact of COVID-19 on the Labour Market in South Africa

Write an essay analysis on the Impact of COVID-19 on the Labour Market in South Africa.

You are provided with a case which includes data relating to static budget, flexible budget, and variance analysis. You will transcribe the data from the case and create a: Static budget, Actual budget, Flexible budget, Static budget variance, Flexible budget variance, Variance analysis.

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Accounting Question

Overview:
In this assignment, you are provided with a case which includes data relating to static budget, flexible budget, and variance analysis. You will transcribe the data from the case and create a:

  • Static budget
  • Actual budget
  • Flexible budget
  • Static budget variance
  • Flexible budget variance
  • Variance analysis

You will also write a memo regarding advantages of budgeting.

Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.

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FASB Report: Leases Topic 842

Project Objective
Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.

Rank the 11 proposals on the basis of capital budgeting techniques. Then, rank them a second time based on any other considerations you believe are important. Are the rankings identical? Why? Why not?

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Euroland Foods

Below are the questions for the case :

1-Which measure should be used in evaluating the attractiveness of these 11 investment projects? What metrics are worth considering?

2-Rank the 11 proposals on the basis of capital budgeting techniques. Then, rank them a second time based on any other considerations you believe are important. Are the rankings identical? Why? Why not?

3-Which set of projects should Verdin recommend to the board of Euroland Foods for the capital budget for 2021?

Assume, nevertheless, that the check clears in the normal course of business and Walter is able to access the funds on January 4; in which year should Walter include the check and income? How would your answer be different if the check was dishonored when Walter presented the check for payment?

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Tax Accounting

BELOW ARE 10 QUESTIONS. ALL ANSWERS MUST INCLUDE DETAILED EXPLANATION INCLUDING CODE SECTIONS

1-The results approved by the Supreme Court in Sanford and Brooks seems unfair. What are your thoughts? What exceptions to the annual accounting system have been implemented since?

2-From 2015-2018, Paul Mann was employed by DJT, Inc. as a as a purchasing agent. DJT, Inc. sued Mann for fraud. The court ordered that Mann was to pay to DJT, Inc. damages in “the sum of $5,000,000, representing $4,500,000 in `kickbacks’ illegally received by Mann from DJT, Inc.’s suppliers, and $500,000 in salary paid to Mann by DJT, Inc. while Mann was acting in a manner disloyal to his employer.Mann paid to DJT, Inc. $4,000,000 in 2019 and $1,000,000 in 2020. Is Mann entitled to IRC §1341 relief?

3-Ruby Corporation, Diamond Corporation, and Emerald Corporation are equal partners in the RDE Partnership. The partners’ tax year-ends are as follows:

Ruby December 31

Diamond April 30

Emerald September 30

What year end must the partnership use?

 

4-When a taxpayer fail to regularly keep book and records to determine its year end can it nevertheless choose fiscal year end?

 

5-Is a C corporation limited in selecting a year end?

6-Can a taxpayer be prevented from using a particular method of accounting simply because the size of the business? For example, can a national law firm with three hundred attorneys and four hundred fifty office staff with gross receipts of $150,000,000 use the cash method?

7-On December 30, 2018 Walter receives a check for $500 drawn on an Owner’s account at the Last National Bank for payment for services rendered. Walter immediately deposits the check in his account at the First National Bank. The First National Bank places a hold on the account for several days which results in Walter being unable to access the funds until January 4, 2019.

  • Assume, nevertheless, that the check clears in the normal course of business and Walter is able to access the funds on January 4; in which year should Walter include the check and income?
  • How would your answer be different if the check was dishonored when Walter presented the check for payment?

8-a.Under the accrual method when must income be recognized?

b.Under the accrual method when may an expense be deducted?

9-When is a taxpayer required to recognize income under the all events test?

10-Which one of the following will result in an accruable expense for an accrual-basis taxpayer?

  1. An invoice dated prior to year end but the repair completed after year end.
  2. A repair completed prior to year end but not invoiced.
  3. A repair completed prior to year end and paid upon completion.
  4. A signed contract for repair work to be done and the work is to be completed at a later date.

Explain your answer.

Explain the tax treatment for bad debt and net operating losses. Explain which assets are zakat able and which are non-zakat able and steps for calculating zakat on cash wealth.

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ACCT-422 Week 3

2. Action Required:

Watch The Short Video In The Following Link:

https://turbotax.intuit.com/tax-tips/tax-deduction…

Explain the tax treatment for bad debt and net operating losses.

Explain which assets are zakat able and which are non-zakat able and steps for calculating zakat on cash wealth.

Prepare a written response to each of the questions included in the case. 5 questions.

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Accounting Question

  1. Prepare a written response to each of the questions included in the case. 5 questions.

Here’s the standard that can be helpful for answering the question https://us.aicpa.org/content/dam/aicpa/research/st…