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Discuss both direct and indirect labor costs. Provide multiple examples of each and explain how companies can estimate them using the Work Breakdown Structure.
Describe your new company called Universal Drones Inc. Discuss the types of pricing analysis methods that your company will consider when forecasting prices.
Also indicate how your company will ensure that the prices will be reasonable for the government.
Analyze the advantages of having a large cash balance. Identify two companies with sizable amounts of cash and liquid investments on their balance sheets.
Discuss the various classifications of assets on the balance sheet. Why are they important?
Create original graphs and charts that would easily show numerical information.
How much of a gain or loss does Terry recognize? Suppose Terry is in bankruptcy, is your answer the same?
Can Zoe accrue revenues, defer expenses, and still be ethical? Can Zoe's accrued revenues and deferred expenses be illegal?
Analyze the audit report that the CPA firm issued. Analyze the sanctions available under SOX and recommend the key action(s) that the PCAOB should take.
Although an open account can be a risky proposition for the seller/exporter, what could the BENEFITS be for you as an exporter?
Discuss the U.S. federal income tax consequences of this series of events to all parties involved.
Using your corporation's information and what you have learned in this course, develop a memo to your client, using the outline presented.
Calculate any allowable bonus depreciation on each asset. Assume no sec. 179 deduction has been taken on any asset.
Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholder.
Identify and discuss at least three ways accountants could use charts with a focus on providing benefit to the reader. Justify your response.
If you were a company, would people want to invest in you? Why or why not? What could you do to improve your financial condition?
Choose one provision of the AICPA Code of Conduct and explain it using your own words!! Why is it important that accountants follow this provision?
What are some pricing advantages in contracting with the government for business? Determine which major concern you believe is the most important to address.
Compare and contrast gross profit and ending inventory. Explain the role gross profit and inventory turnover play in a company's profitability.
Discuss similarities and differences between U.S. GAAP and IFRS regarding Accounting and reporting for equity.
What is the definition of each costing method? Discuss how, when, and if the costing method could be used by EEC.
Which costs would be utilized in making the decision to purchase the asset? Are future costs relevant in the decision-making process?
What are the advantageous and disadvantages to each investing method (NPV, IRR, or payback period)? Which of the methods should EEC use, and why?
How is the internal rate of return calculated? Explain how it supports a capital business decision versus the NPV model.
Assume you have been working for a small accounting firm. Is the intern correct? Based on this lesson, reflect on how you would respond to the intern.