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Accounting

Required: Identify at least four issues, problems, missteps, and mistakes Calvin

Required: Identify at least four issues, problems, missteps, and mistakes Calvin P. Anderson, CPA made related to his expert witness engagement. For each item identified, (1) explain exactly what happened and (2) provide a suggestion that would have helped to avoid the outcome of the item you identified. In your writing, be thorough enough to show you understand the problem, but in a clear and concise manner.
Problem is uploaded in Word doc.

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Accounting

**Please complete the attached “Part 1 Outline Template” AND a 13-page essay** .

**Please complete the attached “Part 1 Outline Template” AND a 13-page essay** . Be specific to the industry and case company (GameStop Corp).
See attachment “Instructions” for details. I’ve attached an example of an outline and example of an essay for reference, as well as GameStop Corp 10k financial if needed.
Basic Information about the Company;GameStop Corp.
Headquarter Location: 625 Westport Parkway, Grapevine, TX 76051
Webpage: https://www.gamestop.com/
Primary Industry Classification:
▪ NAICS 2017: 44314 – Electronics and Appliance Stores.
Please use multiple reliable sources.

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Accounting

Based on the Chapter 10 breach of contract example for lumber supply (document u

Based on the Chapter 10 breach of contract example for lumber supply (document uploaded), identify what you believe is the most innovative (and reasonable) loss that the plaintiff’s expert witness computed. Be certain to provide a short explanation as to why that is your choice.
This does not need to be any more than 1 page.

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Accounting

I have attached my essay called what affects tax morale. You need to find each c

I have attached my essay called what affects tax morale. You need to find each citation in the original book. Meanwhile, do the screenshot in the Powerpoint and sign which page is cited in the original book. Also, do some explanations for the quoted sentence. I have provided each link for reference. The sample file I have attached.

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Accounting

For Week 4 Discussion PowerPoint Assignment, students will create a narrated Pow

For Week 4 Discussion PowerPoint Assignment, students will create a narrated PowerPoint presentation. Please review below the scenario to produce a verbal and visual presentation.
Wade Ford, an all-league professional football player, has just declared free agency. Two teams, the New York Giants and the Los Angeles Rams, have made Ford the following offers to obtain his services:
Giants:
$1 million signing bonus payable immediately and an annual salary of $1.5 million for the five-year term of the contract.
Rams:
$2.5 million signing bonus payable immediately and an annual salary of $1 million for the five-year term of the contract.
With both contracts, the annual salary will be paid in one lump sum at the end of the football season.
You have been hired as a consultant to Ford’s agent, Payton Grahn, to evaluate the two contracts. Prepare a Microsoft PowerPoint presentation that explains your recommendation, including the calculation(s), method(s), and recommendation(s) in detail. Assume that Ford has no preference between the two teams and that the decision will be based entirely on monetary considerations. Also, assume that Ford can invest his money and earn an 8% annual return.
Directions:
Create and post a creative and verbally narrated PowerPoint presentation no later than Thursday by 11:59 p.m. EST.
Be creative by using pictures and diagrams to explain the information
Include a minimum of nine slides, including a title, introduction, conclusion, and a reference slide (references are required).
Please cite a minimum of three outside sources, not including the textbook.

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Accounting

For Week 4 Discussion PowerPoint Assignment, students will create a narrated Pow

For Week 4 Discussion PowerPoint Assignment, students will create a narrated PowerPoint presentation. Please review below the scenario to produce a verbal and visual presentation.
Wade Ford, an all-league professional football player, has just declared free agency. Two teams, the New York Giants and the Los Angeles Rams, have made Ford the following offers to obtain his services:
Giants:
$1 million signing bonus payable immediately and an annual salary of $1.5 million for the five-year term of the contract.
Rams:
$2.5 million signing bonus payable immediately and an annual salary of $1 million for the five-year term of the contract.
With both contracts, the annual salary will be paid in one lump sum at the end of the football season.
You have been hired as a consultant to Ford’s agent, Payton Grahn, to evaluate the two contracts. Prepare a Microsoft PowerPoint presentation that explains your recommendation, including the calculation(s), method(s), and recommendation(s) in detail. Assume that Ford has no preference between the two teams and that the decision will be based entirely on monetary considerations. Also, assume that Ford can invest his money and earn an 8% annual return.
Directions:
Create and post a creative and verbally narrated PowerPoint presentation no later than Thursday by 11:59 p.m. EST.
Be creative by using pictures and diagrams to explain the information
Include a minimum of nine slides, including a title, introduction, conclusion, and a reference slide (references are required).
Please cite a minimum of three outside sources, not including the textbook.

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Accounting

RESEARCH PROJECT: CONTRACTS PROMPT You have a client named Takem’s Appliances a

RESEARCH PROJECT: CONTRACTS PROMPT
You have a client named Takem’s Appliances and Electronics, LLC, owned and operated by Tommy Takem. Takem’s is located in a rural area of Southwest Virginia, and the majority of its customers are poorer residents of the Appalachian regions of Virginia, Tennessee, Kentucky, and West Virginia. Since his business is located in a rural area where there is little competition, Tommy tends to charge about 10–20% more than most other retail outlets.
Tommy recently came up with an idea for expanding his business. He decided to begin selling his appliances and electronics door-to-door in the above described regions. Until recently, it had been working great. He hired some great salespeople who really know how to “apply the pressure and turn up the heat.” Further, since he is providing a service to these folks by bringing the goods to their homes, he charges about 30% more than he would if the customers came to the store. Obviously, the salespeople do not mention this fact to the customers.
Further, since many of the customers are poor, relatively uneducated and unsophisticated, and have poor credit, the vast majority of the sales are financed by Takem’s. The salespeople get the customers to sign a bill of sale, a security agreement, and a negotiable promissory note. When these documents are processed back at the office, the clerk then files a financing statement covering the goods sold to the customer in the appropriate state office. For this, Takem’s charges a 15% application fee and the maximum rate of interest allowed by law. The default rate is high, but through a combination of collections, repossessions, fees and charges, higher prices, and markups, etc., Takem’s is doing very well.
Recently, Tommy received a letter from a disgruntled customer named Sally Walker (an elderly widow lady who lives alone in the hills of Southwest Virginia—her children and grandchildren have all moved out of the area.) She has fallen behind on her payments on her new laptop computer, and Tommy had started collection efforts. He had not yet referred it to a lawyer. The letter is very well written (which would be unexpected since Sally is not very well educated.) It indicates that her granddaughter, who recently graduated with an MS in Accounting from Liberty University Online helped her with it. It argues that the entire deal is unconscionable and therefore unenforceable. Further, it asserts that Sally has paid enough for the computer and will not be paying any more. Finally, it threatens to sue for punitive damages and write letters to the editors of various local papers throughout the region if Takem’s pushes the matter further.
Tommy is very upset. He wants to know whether the argument in the letter has any merit. Should he take the threats in the letter seriously or should he just proceed with collections? In other words, is his business model legal? Further, he wants to know what he could do to protect himself in the future. Would setting up a financing company that he also owns and selling the notes to the financing company such that the financing company becomes a holder in due course help? Finally, he wants to know what you think about his business model—regardless of whether you conclude that it is legal, is it moral/ethical?

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Accounting

1. Proper handling of human relations is essential to the establishment of an ef

1. Proper handling of human relations is essential to the establishment of an effective budgeting system. There is a natural tendency for people to be uncomfortable with budgets. Describe how participative budgeting helps create a healthy atmosphere surrounding the budgeting process. Would you recommend that businesses employ a participative approach to budgeting? Why or why not?
2. What are the distinguishable characteristics of capital budgeting decisions and in what ways can accountants add value to the capital budgeting process. Compare the different methods (pros and cons) used to make capital investment decisions and the best one from your point of view. Provide 2 examples of capital investment decisions.

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Accounting

1. How is Tesla different from a traditional motor manufacturer not just in term

1. How is Tesla different from a traditional motor manufacturer not just in terms of product but sales process to customers, manufacturing process, improvements in model or any other area you observe? What do you think if any are the strengths/weaknesses of Tesla as a business?
2. Inventory:
Examine the data on days inventory for Tesla for 2018 and 2019 in the spreadsheet/worksheet available for download. (Calculations have been completed for you for ease of reference).
1. What information can you learn from days inventory? Does it make sense to separate out service parts from other types of inventory? Why?
2. Looking at the data and spreadsheet, how well do you think Tesla is managing its inventory? What trends and patterns stand out to you if any?
3. We can see from the decomposition that raw materials, WIP and service parts increased for the year, whereas finished goods decreased. What questions if any does this raise for you?
4. What critical assumptions has TESLA made to value inventory? Does TESLA use FIFO or LIFO? Explain what is LCM (the lower of cost or market) and how this may impact inventory every year.
5. What in general can be the potential impact on (a) value of inventory on hand with both methods (FIFO and LIFO) in a rising inflation environment) (b) potential impact on the IS?
3. Fixed assets are reported in the balance sheet as: Cost less accumulated depreciation. What information/components do we need to compute depreciation? Which of these components depend on management judgement?
4. Let’s take a look at depreciation expense for Tesla’s Machinery, equipment, vehicles, and office furniture in 2019. Below is an approach outlined:

Depreciation expense for 2019 = ((6,329+7,167)/2)/7 = 6,748/7 = 964
Study this to understand the components and explore the exhibits and case to find the sources of input.
Assumptions:
The average life of this asset is 7 years (given the range of 2 to 12)
The outlays of $838 (7167-6329) for new Machinery, equipment, vehicles, and office furniture were made halfway through the year.
We are assuming that there is zero salvage value. If most of the assets are for specialized machinery and equipment, it is unlikely to have much value at the end of its useful life.
A. How will the depreciation expense for 2019 of 964 above be reported: Is depreciation debited or credited by this? Is accumulated depreciation debited or credited by this? Complete this journal entry. Explain what a contra-asset is? Provide at least 2 examples of contra-assets.
B. It seems straight line depreciation was used above to calculate the depreciation expense- many businesses choose this method. What other methods can be used? Make a case as a management leader for another method of depreciation other than straight line and use your knowledge of various approaches to build a best possible case for another method to be used?
5. What are intangible assets? Provide some examples? Why do you think Tesla has so few intangible assets?
DOCUMENTS
Reading: Assets and Expenses (pp. 5-22)
Reading: Accounting for Current Assets

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Accounting

The Analysis is in the file below. Determine the following ratios for both compa

The Analysis is in the file below.
Determine the following ratios for both companies, then based on the information analyze and compare the two companies’ solvency and profitability. Ratios: (1) Return on total assets; (2) Return on stockholders’ equity; (3) Times interest earned; (4) Ratio of total liabilities to stockholders’ equity.