This reflection journal also allows students to outline what they have discovered about their professional practice, personal strengths and weaknesses, and additional resources that could be introduced in a given situation to influence optimal outcomes.
1. Assume that a young female executive received the $4,000 diamond ring from the company CEO who was also the majority shareholder in the company. Assume that the two have made several trips together on behalf of the company. There is no information about romance between the two officials.
Stan Burgermeister, 56 years old, works as a short-order cook in a local diner. Stan has an annual salary of $32,000. Stan’s employer recently set up a 401(k) plan. He may defer up to 15% of his gross salary each year, and his employer will make matching contributions up to 6% per year. This year, Stan agreed to the full 15% salary reduction
Merger Essay (Mastery Assignment)
Using the information provided in the end of the chapter problem 21-6, write a 1500-word essay about a fictional company contemplating a merger. You are the owner of the purchasing company. Your essay will be used to persuade the stakeholders to proceed with the merger.
Ethics play a vital role in business and in the accounting profession. Here is an opportunity to connect you current learning about inventory with the profession’s commitment to ethics.
Drawing on at least two different topics taught in the course, provide and explain two examples of the type of information that a management accountant in this organisation would supply to company management to assist in their planning and control decisions. (150 Word Limit) (7.5 Marks)
During the year, Coronado Boat Yard has incurred manufacturing costs of $420,000 in building three large sailboats. At year-end, each boat is about 70 percent complete. How much of these manufacturing costs should be recognized as expenses in Coronado Boat Yard’s income statement for the current year?
Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
Forecast future demand using a forecasting method.
Make decisions based on step 3.
Sam and Susan Scully have come to financial planner Lissa Cardenas to ask about the adequacy of their life insurance coverage. They have two children ages 4 and 2. They are each 35 years old. Sam works full-time in a management position in a manufacturing company.
Sea Ltd manufactures specialised machinery for both sale and lease. On 1 July 2020, Sea Ltd leased a machine to Zero Ltd. Zero Ltd incurred $2 000 to negotiate the contract. The machine being leased cost Sea Ltd $410 000 to make and its fair value at 1 July 2020 is considered to be $479 994. The terms of the lease are as follows