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Case Study 10: Government as Catalyst: Can It Work Again with Wireless Access
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7-1 Project: Investor Report
CompetenciesIn this project, you will demonstrate your mastery of the following competencies:Describe how managerial accou ...
7-1 Project: Investor Report
CompetenciesIn this project, you will demonstrate your mastery of the following competencies:Describe how managerial accounting supports management information systemsUtilize managerial accounting techniques and models to support an organization’s strategic planExplain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performanceScenarioYour business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company’s progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.DirectionsSubmit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to share your business’s performance to date. Your report can be in the form of a PowerPoint presentation or a Word document (based on the templates provided in the What to Submit section). In either format, be sure to effectively communicate with your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence. If you choose to do a PowerPoint presentation, you’ll need to include speaker notes for each slide.Introduction: Provide a short overview of your company and the purpose of this report.
Business Overview: Name your company and describe its business and your vision for its future.Purpose of the Report: Explain the purpose of the report and describe why the information is important.Methods and Approach: Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.Financial Strategy: Review your original business plan and costing strategies.Costing System: Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.Selling Prices: Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.Contribution Margin: Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis in your defense.Target Profits: Identify your break-even points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.Financial Statements: Using the information in the Milestone Two Market Research Data Appendix, assess your financial performance to date.Statement of Cost of Goods Sold: Share the statement of cost of goods sold and logically interpret the business’s performance against the provided benchmarks.Income Statement: Share the income statement and logically interpret the business’s performance against the provided benchmarks.Variances: Illustrate all variances for the direct labor time and the materials price.Significance of Variances: Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning.What to SubmitTo complete this project, you must submit the following:PowerPoint Template: Investor ReportUse this template to submit a PowerPoint presentation with speaker notes. Sources should be cited according to APA style.ORWord Template: Investor ReportUse this template to submit an 8- to 10-page Word document. Sources should be cited according to APA style.Supporting MaterialsThe following resource(s) may help support your work on the project:Tutorials: PowerPoint Office 365This set of tutorials from Infobase provides helpful information on the basic features of Microsoft PowerPoint. Use the table of contents to select the tutorials that best suit your needs.
Johnson and Wales University Week 6 Employee Elective Deferrals Questions
1.Which of the following are correct regarding 403(b) plans?1. Employee elective deferrals may be contributed to a Roth ac ...
Johnson and Wales University Week 6 Employee Elective Deferrals Questions
1.Which of the following are correct regarding 403(b) plans?1. Employee elective deferrals may be contributed to a Roth account within a 403(b) plan.2. 403(b) plans must comply with the ADP and ACP tests.3. An employee of the New Orleans Museum of Art (a not for profit) could defer more than $26,000 in to the Museum’s 403(b) plan.1 only.1 and 2.1 and 3.2 and 3.2. Dr. Durr has worked as a professor at Top-Notch University for the last 30 years. He has never deferred any money into his 457(b) plan. He has maxed out his 403(b) plan. He will attain her normal retirement age under the 457(b) plan in this year. How much can David contribute to his 457(b) plan for this year?$0.$18,500.$24,500.$39,000.3. What is the earliest age that an IRA catch-up contributions can be made?45.50.60.65.4. If an employee earning $60,000 had access to multiple plans, which combination would allow for the largest contribution, including both employer and employee contributions?401(k) plan and profit sharing plan.Governmental 457(b) plan and a 403(b) plan.Profit sharing plan and SEP.401(k) plan and a 403(b) plan.5. Which of the following types of income is considered earned income for a traditional IRA contribution?Dividends.Rental income.Capital gains.Partnership income from a law firm.6.Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time earnings of $7,000 this year. If Morgan contributes $5,500 to her Roth IRA, how much can Seth contribute to his traditional IRA?$0.$250.$1,500.$5,500.7. Which of the following plans is not permitted to offer a Roth account as part of the plan?Private 457(b) plan.Governmental 457(b) plan.403(b) plan.401(k) plan.8. Dr. Durr contributes $85,000 to one of his university “retirement type” plans. He is not sure of the differences between the plans. What type of plan did he contribute the funds to?Tax sheltered annuity.Public 457 plan.Private 457 plan.Ineligible 457 plan.9. Charles, a single 29-year-old CEO of a technology start-up company, earns a $2 million base salary with a $400,000 bonus. His company does not offer any retirement plans. What is the maximum deductible IRA contribution Charles can make during 2020?$0.$1,000.$4,000.$6,000.10. All the following types of income are considered earned income for a traditional IRA contribution except:Earned income.W-2 income.Self-employment income.Gambling income for a non-professional gamble
Nonvested Employees—An Ethical Dilemma, homework help
CA20-7 ETHICS (Nonvested Employees—An Ethical Dilemma) Thinken Technology recently merged with College Elec-tronix (CE), ...
Nonvested Employees—An Ethical Dilemma, homework help
CA20-7 ETHICS (Nonvested Employees—An Ethical Dilemma) Thinken Technology recently merged with College Elec-tronix (CE), a computer graphics company. In performing a comprehensive audit of CE’s accounting system, Gerald Ott, internal audit manager for Thinken Technology, discovered that the new subsidiary did not record pension assets and liabilities, subject to GAAP.The net present value of CE’s pension assets was $15.5 million, the vested benefit obligation was $12.9 million, and the projected benefit obligation was $17.4 million. Ott reported this audit finding to Julie Habbe, the newly appointed controller of CE. A few days later, Habbe called Ott for his advice on what to do. Habbe started her conversation by asking, “Can’t we eliminate the negative income effect of our pension dilemma simply by terminating the employment of nonvested employees before the end of our fiscal year?”InstructionsHow should Ott respond to Habbe’s remark about firing nonvested employees?
Week 2 Business and Society Discussion Regulation of Business
Business and Society
Regulation of Business Explain the rationale for government regulations on businesse ...
Week 2 Business and Society Discussion Regulation of Business
Business and Society
Regulation of Business Explain the rationale for government regulations on businesses in your own words. Identify a federal or state regulation that you support or oppose. Explain your support or opposition to the regulation.
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Most Popular Content
7-1 Project: Investor Report
CompetenciesIn this project, you will demonstrate your mastery of the following competencies:Describe how managerial accou ...
7-1 Project: Investor Report
CompetenciesIn this project, you will demonstrate your mastery of the following competencies:Describe how managerial accounting supports management information systemsUtilize managerial accounting techniques and models to support an organization’s strategic planExplain how managerial accounting is used to make decisions about short-term business opportunities, capital investments, and evaluating operational performanceScenarioYour business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company’s progress over the past month and how it has performed with respect to your cost and budget projections. The investors would like to see the thought process behind your financial strategy and how your company has performed in its first month. They have therefore asked you to present a report that includes the costing and income data from your Project Workbook.DirectionsSubmit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to share your business’s performance to date. Your report can be in the form of a PowerPoint presentation or a Word document (based on the templates provided in the What to Submit section). In either format, be sure to effectively communicate with your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence. If you choose to do a PowerPoint presentation, you’ll need to include speaker notes for each slide.Introduction: Provide a short overview of your company and the purpose of this report.
Business Overview: Name your company and describe its business and your vision for its future.Purpose of the Report: Explain the purpose of the report and describe why the information is important.Methods and Approach: Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.Financial Strategy: Review your original business plan and costing strategies.Costing System: Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.Selling Prices: Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.Contribution Margin: Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis in your defense.Target Profits: Identify your break-even points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.Financial Statements: Using the information in the Milestone Two Market Research Data Appendix, assess your financial performance to date.Statement of Cost of Goods Sold: Share the statement of cost of goods sold and logically interpret the business’s performance against the provided benchmarks.Income Statement: Share the income statement and logically interpret the business’s performance against the provided benchmarks.Variances: Illustrate all variances for the direct labor time and the materials price.Significance of Variances: Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning.What to SubmitTo complete this project, you must submit the following:PowerPoint Template: Investor ReportUse this template to submit a PowerPoint presentation with speaker notes. Sources should be cited according to APA style.ORWord Template: Investor ReportUse this template to submit an 8- to 10-page Word document. Sources should be cited according to APA style.Supporting MaterialsThe following resource(s) may help support your work on the project:Tutorials: PowerPoint Office 365This set of tutorials from Infobase provides helpful information on the basic features of Microsoft PowerPoint. Use the table of contents to select the tutorials that best suit your needs.
Johnson and Wales University Week 6 Employee Elective Deferrals Questions
1.Which of the following are correct regarding 403(b) plans?1. Employee elective deferrals may be contributed to a Roth ac ...
Johnson and Wales University Week 6 Employee Elective Deferrals Questions
1.Which of the following are correct regarding 403(b) plans?1. Employee elective deferrals may be contributed to a Roth account within a 403(b) plan.2. 403(b) plans must comply with the ADP and ACP tests.3. An employee of the New Orleans Museum of Art (a not for profit) could defer more than $26,000 in to the Museum’s 403(b) plan.1 only.1 and 2.1 and 3.2 and 3.2. Dr. Durr has worked as a professor at Top-Notch University for the last 30 years. He has never deferred any money into his 457(b) plan. He has maxed out his 403(b) plan. He will attain her normal retirement age under the 457(b) plan in this year. How much can David contribute to his 457(b) plan for this year?$0.$18,500.$24,500.$39,000.3. What is the earliest age that an IRA catch-up contributions can be made?45.50.60.65.4. If an employee earning $60,000 had access to multiple plans, which combination would allow for the largest contribution, including both employer and employee contributions?401(k) plan and profit sharing plan.Governmental 457(b) plan and a 403(b) plan.Profit sharing plan and SEP.401(k) plan and a 403(b) plan.5. Which of the following types of income is considered earned income for a traditional IRA contribution?Dividends.Rental income.Capital gains.Partnership income from a law firm.6.Seth and Morgan were just married, but Seth does not work. They are both 25 years old. Morgan supports Seth with funds from her trust fund, investment income of $12,000, and her part-time earnings of $7,000 this year. If Morgan contributes $5,500 to her Roth IRA, how much can Seth contribute to his traditional IRA?$0.$250.$1,500.$5,500.7. Which of the following plans is not permitted to offer a Roth account as part of the plan?Private 457(b) plan.Governmental 457(b) plan.403(b) plan.401(k) plan.8. Dr. Durr contributes $85,000 to one of his university “retirement type” plans. He is not sure of the differences between the plans. What type of plan did he contribute the funds to?Tax sheltered annuity.Public 457 plan.Private 457 plan.Ineligible 457 plan.9. Charles, a single 29-year-old CEO of a technology start-up company, earns a $2 million base salary with a $400,000 bonus. His company does not offer any retirement plans. What is the maximum deductible IRA contribution Charles can make during 2020?$0.$1,000.$4,000.$6,000.10. All the following types of income are considered earned income for a traditional IRA contribution except:Earned income.W-2 income.Self-employment income.Gambling income for a non-professional gamble
Nonvested Employees—An Ethical Dilemma, homework help
CA20-7 ETHICS (Nonvested Employees—An Ethical Dilemma) Thinken Technology recently merged with College Elec-tronix (CE), ...
Nonvested Employees—An Ethical Dilemma, homework help
CA20-7 ETHICS (Nonvested Employees—An Ethical Dilemma) Thinken Technology recently merged with College Elec-tronix (CE), a computer graphics company. In performing a comprehensive audit of CE’s accounting system, Gerald Ott, internal audit manager for Thinken Technology, discovered that the new subsidiary did not record pension assets and liabilities, subject to GAAP.The net present value of CE’s pension assets was $15.5 million, the vested benefit obligation was $12.9 million, and the projected benefit obligation was $17.4 million. Ott reported this audit finding to Julie Habbe, the newly appointed controller of CE. A few days later, Habbe called Ott for his advice on what to do. Habbe started her conversation by asking, “Can’t we eliminate the negative income effect of our pension dilemma simply by terminating the employment of nonvested employees before the end of our fiscal year?”InstructionsHow should Ott respond to Habbe’s remark about firing nonvested employees?
Week 2 Business and Society Discussion Regulation of Business
Business and Society
Regulation of Business Explain the rationale for government regulations on businesse ...
Week 2 Business and Society Discussion Regulation of Business
Business and Society
Regulation of Business Explain the rationale for government regulations on businesses in your own words. Identify a federal or state regulation that you support or oppose. Explain your support or opposition to the regulation.
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