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A leading financial publication reported that the average baby boomer credit user will pay approximately $1200.00 in interest annually. If, instead of paying interest, this amount was saved every year, how much would one of these credit users accumulate in atax-deferred account earning 12 percent over 8, 13, or 18 years>
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Colorado Christian University Ethics in Accounting Discussion
You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company ...
Colorado Christian University Ethics in Accounting Discussion
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 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.
Questions.
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 assistant controller. 4. 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?
5.What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted?
MGMT 528 IWU Management Workshop Essay
Please read the instructions and watch the youtube video.
Read the articles "MarketLine Industry Profile: IT Service ...
MGMT 528 IWU Management Workshop Essay
Please read the instructions and watch the youtube video.
Read the articles "MarketLine Industry Profile: IT Services in South Africa" and "MarketLine Report: ACER Incorporated."
Watch the video "Overwhelmed" by the artist Big Daddy Weave. This video is filmed in Tanzania, Africa, a collectivist culture.
In your paper, address the following:
Develop a cultural profile of South Africa. Culture profiles are shown as beneficial tools to improve cultural awareness in global knowledge sharing and learning processes. Culture profiles describe cultural characteristics on different levels, such as national, organizational or individual characteristics. The concept is related to existing specifications and standards in order to implement an innovative concept in an interoperable way.
Describe the IT industry in South Africa.
What type of organization is ACER?
What strategy did the company ACER implement to enter the South Africa market? Was this strategy successful? Why or why not?
Are there additional alliances ACER could employ?
Discuss the importance of integrating a Christian worldview in South Africa, which is a more collectivist society than the United States.
Submit your paper by the end of the workshop.
BUS 100 Strayer University Business Financing Paper
Question 1: financing Based on your analysis of the owner's wishes (Shaun's criteria) and the three financing options ava ...
BUS 100 Strayer University Business Financing Paper
Question 1: financing Based on your analysis of the owner's wishes (Shaun's criteria) and the three financing options available, which financing option would be the best option? Option 1: Equity.Option 2: Debt.Option 3: Debt and Self Financing. Include your answer in your response below and also explain why you selected that type of financing based on Shaun's criteria and what you know about that financing option. Question #2: accounting cycle So, given what the Junior Accountant has done so far, what is the next step for the Junior Accountant to complete in the Accounting Cycle and why? Question #3: financial statements After reviewing the 3 Financial Statements, please indicate which financial statement (pick one: income statement, balance sheet, or statement of cash flows) the Junior Accountant should provide the investor in order to show the debt information. Income Statement.Balance Sheet.Statement of Cash Flows. Explain where on that financial statement you would find the debt information.
Answer the following questions
please use the attached pdf, chapter 4 to answer the questions that needs the book, thank you. I have attached the word d ...
Answer the following questions
please use the attached pdf, chapter 4 to answer the questions that needs the book, thank you. I have attached the word document contain the questions below to show the table properlyHomeworkConsider the following 4 companies:Toll Brothers, Inc. – one of the largest home builders in the nation, operating in 22 states.Toys R Us, Inc. – a well-known, international retailer of toys.Six Flags, Inc. – one of the world’s largest operators of regional theme parks. It operates more than 40 parks worldwide, including 15 of the 50 parks in the U.S.Vail Resorts, Inc. – operates a ski resort in Colorado, including Vail Mountain, the largest in the U.S., and Breckenridge Mountain Resort. Each of these companies ends its fiscal year on different date. The closing dates, listed chronologically, are: January 31, July 31, October 31, and December 31. Try to determine which fiscal year-end matches which company. Write a brief explanation of the reason for your decision.2.True or False: _____ If a company makes a decision about how they state their financial statements they can’t ever change it. Why?3.Sean Embley is an auditor. His work at two different companies disclosed inappropriate recognition of revenue. Both cases involved dollar amounts in the $100,000 range. In one case, Sean considered the item material and required his client to restate earnings. In the other case, Sean dismissed the misstatements as being immaterial. Write a paragraph or two describing why Sean came to the conclusion that the misstatement of revenue is acceptable for one company, but not for the other.4.Is there a contradiction between Sarbanes-Oxley requiring a CEO to certify that the financial statements are true and they take full responsibility for their contents, and the Safe Harbor Provision which protects a CEO from legal liability from public statements which turn out to be incorrect? Why?5.Identify the financial statements on which each of the following items appears by placing a check mark in the appropriate column. If an item appears on more than one statement, place a check mark in every applicable column. (see the table on page the following page.) Item Balance Sheet Income Statement Statement of Cash Flow Notes Payable Service Revenue Utility Expense Cash from Common Stock Operating Activity Accounts Receivable Net Income Investing Activities Copyrights Depreciation Ending Cash Balance Salary Expense Dividends Financing Activities Land Net Assets Inventory Food Expense Accounts Payable Interest Expense Current Portion of Long-Term Debt
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Colorado Christian University Ethics in Accounting Discussion
You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company ...
Colorado Christian University Ethics in Accounting Discussion
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 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.
Questions.
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 assistant controller. 4. 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?
5.What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted?
MGMT 528 IWU Management Workshop Essay
Please read the instructions and watch the youtube video.
Read the articles "MarketLine Industry Profile: IT Service ...
MGMT 528 IWU Management Workshop Essay
Please read the instructions and watch the youtube video.
Read the articles "MarketLine Industry Profile: IT Services in South Africa" and "MarketLine Report: ACER Incorporated."
Watch the video "Overwhelmed" by the artist Big Daddy Weave. This video is filmed in Tanzania, Africa, a collectivist culture.
In your paper, address the following:
Develop a cultural profile of South Africa. Culture profiles are shown as beneficial tools to improve cultural awareness in global knowledge sharing and learning processes. Culture profiles describe cultural characteristics on different levels, such as national, organizational or individual characteristics. The concept is related to existing specifications and standards in order to implement an innovative concept in an interoperable way.
Describe the IT industry in South Africa.
What type of organization is ACER?
What strategy did the company ACER implement to enter the South Africa market? Was this strategy successful? Why or why not?
Are there additional alliances ACER could employ?
Discuss the importance of integrating a Christian worldview in South Africa, which is a more collectivist society than the United States.
Submit your paper by the end of the workshop.
BUS 100 Strayer University Business Financing Paper
Question 1: financing Based on your analysis of the owner's wishes (Shaun's criteria) and the three financing options ava ...
BUS 100 Strayer University Business Financing Paper
Question 1: financing Based on your analysis of the owner's wishes (Shaun's criteria) and the three financing options available, which financing option would be the best option? Option 1: Equity.Option 2: Debt.Option 3: Debt and Self Financing. Include your answer in your response below and also explain why you selected that type of financing based on Shaun's criteria and what you know about that financing option. Question #2: accounting cycle So, given what the Junior Accountant has done so far, what is the next step for the Junior Accountant to complete in the Accounting Cycle and why? Question #3: financial statements After reviewing the 3 Financial Statements, please indicate which financial statement (pick one: income statement, balance sheet, or statement of cash flows) the Junior Accountant should provide the investor in order to show the debt information. Income Statement.Balance Sheet.Statement of Cash Flows. Explain where on that financial statement you would find the debt information.
Answer the following questions
please use the attached pdf, chapter 4 to answer the questions that needs the book, thank you. I have attached the word d ...
Answer the following questions
please use the attached pdf, chapter 4 to answer the questions that needs the book, thank you. I have attached the word document contain the questions below to show the table properlyHomeworkConsider the following 4 companies:Toll Brothers, Inc. – one of the largest home builders in the nation, operating in 22 states.Toys R Us, Inc. – a well-known, international retailer of toys.Six Flags, Inc. – one of the world’s largest operators of regional theme parks. It operates more than 40 parks worldwide, including 15 of the 50 parks in the U.S.Vail Resorts, Inc. – operates a ski resort in Colorado, including Vail Mountain, the largest in the U.S., and Breckenridge Mountain Resort. Each of these companies ends its fiscal year on different date. The closing dates, listed chronologically, are: January 31, July 31, October 31, and December 31. Try to determine which fiscal year-end matches which company. Write a brief explanation of the reason for your decision.2.True or False: _____ If a company makes a decision about how they state their financial statements they can’t ever change it. Why?3.Sean Embley is an auditor. His work at two different companies disclosed inappropriate recognition of revenue. Both cases involved dollar amounts in the $100,000 range. In one case, Sean considered the item material and required his client to restate earnings. In the other case, Sean dismissed the misstatements as being immaterial. Write a paragraph or two describing why Sean came to the conclusion that the misstatement of revenue is acceptable for one company, but not for the other.4.Is there a contradiction between Sarbanes-Oxley requiring a CEO to certify that the financial statements are true and they take full responsibility for their contents, and the Safe Harbor Provision which protects a CEO from legal liability from public statements which turn out to be incorrect? Why?5.Identify the financial statements on which each of the following items appears by placing a check mark in the appropriate column. If an item appears on more than one statement, place a check mark in every applicable column. (see the table on page the following page.) Item Balance Sheet Income Statement Statement of Cash Flow Notes Payable Service Revenue Utility Expense Cash from Common Stock Operating Activity Accounts Receivable Net Income Investing Activities Copyrights Depreciation Ending Cash Balance Salary Expense Dividends Financing Activities Land Net Assets Inventory Food Expense Accounts Payable Interest Expense Current Portion of Long-Term Debt
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