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A conceptual question to answer on accounting:What are some of the objectives and problems with the FASB Conceptual Framework/ IASB Framework and the challenges faced in revising them? Also where does convergence stand in this, and what are the challenges to convergence?

Suppose that the arrival time of a patient to a doctor’s appointment — relative to the original appointment time — is normally distributed with a mean of -5 minutes and a standard deviation of 5 minutes, for which positive values indicate the patient is late for their appointment. 1What is the probability that a randomly […]

Write about a time when social structure overrode your personal feelings and desires influencing you to behave in one particular way or another.Your response should be typed, Times New Roman, font size – 12 and double spaced, 1-pages

Mathis, Inc. is a designer and manufacturer of women’s clothing and specializes in high-end women’s winter fashions. Normandale, a retailer, sells high-end products in malls throughout the country. With Mathis’s high costs, Normandale is unable to make a profit from the sale of Mathis’s products.Countess Lori-Ann (CLA) is a Mathis competitor. Normandale sends photographs and […]

Please this has to be on your own words and Avoid brevity.- What are the four methods commonly used to identify the fixed and variable elements of a mixed cost?- Identify the strength and weakness of each method identified in question #1.- What is cost behavior- List and explain (in detail) what are the perceived […]

Selected financial statement information and additional data for Singh Inc. is presented below.Singh Inc.Balance Sheet and Income Statement DataDecember 31,2015Current Assets:Cash$ 153,000Accounts Receivable238,000Inventory391,000Total Current Assets782,000$ 119,000307,000340,000756,000Property, Plant, and EquipmentLess: Accumulated DepreciationTotal Assets1,241,000(476,000)$1,547,0001,122,000(442,000)$1,446,000$ 186,00052,00085,000323,000$ 102,00069,00075,500246,500340,000663,000391,000637,500510,000374,000884,000$1,547,000467,500341,000808,500$1,446,000$1,615,000731,000884,000$1,513,000731,000782,000153,000391,00034,00017,000289,000119,000$ 170,000136,000357,00034,0000255,000102,000$ 153,000Current Liabilities:Accounts PayableNotes PayableIncome Tax PayableTotal Current LiabilitiesBonds PayableTotal LiabilitiesStockholders’ Equity:Common StockRetained EarningsTotal Stockholders’ EquityTotal Liabilities & Stockholders’ EquitySalesLess Cost […]

Clemens Cars’ job cost sheet for job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the added features. What journal entries should Clemens record for the completion and delivery of job A40?

This week’s individual work allows you to explore the idea of social responsibility in terms of a “real world” situation – a company of your choice. As you research the company and its program of social responsibility within its community, relate the ideas you find back to the concepts we have studied in business ethics.This […]

Constructed-Response Directions And RecommendationsPrepare a written response of approximately 100–200 words for eachconstructed-response assignment. Read each assignment carefully before youbegin to write. Think about how you will organize what you plan to write.Scoring of responses to CSET: Constructed-response assignments is based onthe following criteria.• Purpose: the extent to which the response addresses the constructed-responseassignment’s charge […]

1) Create a scenario where external auditors determined that a company’s internal controls were deficient, but such a deficiency might not mean that a material weakness existed. Ascertain the impact on the audit plan if additional deficiencies are discovered on other related internal controls. Support your position.2) research at least two (2) accounting scandals within […]