Log in
Accounting
1
answer
0
watching
42
views

1). You work as a costing manager at a metal stampingfactory.

Describe the process a manager must go about when choosing whichof three kinds of stamping job to attempt when you have a singlestamping machine with a limited capacity. (8marks)

Watch
1
answer
0
watching
42
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Tod Thiel
Tod ThielLv2
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

Suppose Care-4-You Hospital has two milliondollars of net income remaining at the end of 201x. Thefinancial managers must decide whether to retain all the earningsor pay a dividend to stockholders.

Suppose you are a financial manager at Care-4-You Hospital. Youdiscover that a new piece of equipment costing $1 million wouldallow the hospital to expand its services. In two years, thehospital would recover all initial costs of the machine. As thefinancial manager, would you recommend purchasing the equipment?Why or why not? What impact does your decision have on thehospital, the stockholders and other users of financialinformation? (8 points)

Answer any one of five questions by Wed, 07/18. Also reply toat least one classmate on a different day by Sun, 07/22.

1. Recall your own personal working experiences and themanagers with whom you have had interaction. Discuss the skillsthat define the best manager with whom you have worked and discussthe skills that define the worst manager with whom you haveworked.

2. Would you prefer to work in an organization with a verticalstructure or a flat, horizontal structure? Would your answer changeif you were the CEO instead of a new hire? How would you feel aboutworking in an inverted organization as a manager?

3. Analyze your own ability to be a manager. What skills doyou have now that are already polished? What skills would you needto improve? What skills would you still need to acquire? How couldyou go about acquiring or improving those skills you do nothave?

4. Contingency plans are important in any business. Discusswhat kinds of plans your school might have in place to recover froma disaster. How would these plans differ, if at all, from those ofa local business in your area? What are a few possible scenariosthat would require contingency plans in your school or at a localbusiness?

5. How does the complexity of a project impact qualitycontrol? As software projects grow to have many millions of linesof code, can that industry still achieve Six Sigma quality? Whatkind of tools and processes would it require?

You have landed your dream job at one of the "Big 4" Accountingfirms. On your first audit of a large auto dealership, (you are notyet a partner) you encounter the following situations:

1. The sales manager tells you that there is a sale (at asubstantial discount) on new cars that is limited tolong-established customers of the dealership. Because your firm hasbeen doing the audit for several years, the sales manager hasdecided that you should also be eligible for the discount.

2. The auto dealership has an executive lunchroom that isavailable for free to employees above a certain level. Thecontroller informs you that you can also eat there for free at anytime.

3. You are invited to the dealership's annual holiday party andyou attend. When presents are handed out, you are surprised tolearn that there is one there for you as well. The present has avalue of about $200.

Using the three step process in the AICPA conceptual frameworkto assess whether or not your independence has been impaired.

Required:

a. Describe how each situation might impair your independencefrom the auto dealership.

b. Identify a safeguard that your CPA firm could impose thatwould eliminate or mitigate the threat of each situation to yourindependence.

c. Assume no safeguards are in place and that you accept the orgift in each situation. Discuss whether or not you violated therules of conduct.

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in