Why wouldn’t an existing performance model work for Wachovia? Why is this so important? Wachovia provided a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states, along with nationwide retail brokerage, mortgage lending, and auto finance businesses. Globally, Wachovia served clients in corporate and institutional sectors and through more than 40 international offices 3. Why did designing a database that would capture customer equity present a challenge for Wachovia’s marketing team?
When the invoice is submitted the e-mail database must have enough memory to support the constant e-mails. If this is a credit sale, the invoicing department must forward the approval, along with the report to the compliance/accounting department. The accounting department has more access; because each item needs to be verified by them and they also need to verify the credit report is viable. Once they are finishing testing the invoice, they need to comment on the database that the certain individual tested this invoice and it is compliant or noncompliant. There should also be a brief explanation explaining why the transaction is what they deem it
How much total income tax will Custom Craft Services and Jaron pay (combining both corporate and shareholder level tax) on the $200,000 of income if CCS pays Jaron a salary of $150,000 and distributes its remaining after-tax earnings to Jaron as a dividend? c. Why is the answer to part b lower than the answer to part a? ?
GAAP? Explain in detail. (TCO C) (TCO C) Blue Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 201X, included the following expense accounts. Accounting and legal fees $150,000 Advertising $125,000 Freight-out $65,000 Interest $80,000 Loss on sale of long-term investments $35,000 Officers’ salaries $200,000 Rent for office space $160,000 Sales salaries and commissions $110,000 One half of the rented premises are occupied by the sales department.
This equates to about 1700 people. Fees. Business will charge 5% of refunds up to $2500 and 10% of refunds over $2500. If there is no refund received, I will charge $40 per hour, with an average time of 2 hours per filing. Calculating Revenue.
in interest for the first 5 months on the balance you bring across. The card however does have an annual fee of $144 plus an additional $15 for an extra card can be either a MasterCard or American express car. The gold card does have awards points using American express Up to 2 Awards points for every $1 spent and with MasterCard 1 point for every dollar spent on the Commonwealth Bank Gold Credit Card which you can redeem your points for a massive range of gift cards, merchandise, cash back,
SOX also sought to strengthen consumer and investor confidence and confidence in financial information by changing the auditing procedure and making management more accountable for fraud prevention, catching, and existence within the pot. Lastly, it shielded whistleblowers from corporate retribution and endowed them with protecting freedoms. Based on aforementioned information, I would like to consider the implementation of SOX would have been an immediate check to financial statement fraud in its initial launch in 2002; unfortunately, there will invariably be somebody who believes she is above reproach and disregards societal measures of intellect, decency and control to pursue her own
The auditor was originally reviewing recently submitted invoices in attempts to gain a further insight on the way the company coded, capitalized, expensed, recorded, etc, their transactions. He went out of his way to schedule interviews with the upper level management to become acquainted and ended up uncovering much more than standard procedures. In coincidence one, he enabled himself to request checks for false invoices, then taking it up a notch by recreating false invoices and submitting them to the accounts
SOX Reforms Corporate America The Sarbanes-Oxley Act of 2002 (SOX) enacted July 30, 2002 introduced significant changes to financial practice and corporate management regulation. Passed in the wake of numerous scandals SOX is a complex piece of legislation that requires companies to make major changes to bring their organizations into compliance (Bumgardner 2). Many believe this act has not proven worthy and will not change effect in the business world, but I think this act will help businesses and outside investing. The act holds top executives personally responsible for the accuracy and timelines of their company’s financial data — under threat of criminal prosecution. Sox address weaknesses with internal issues, requiring yearly
This number is growing every month, in the last five months the 2.77 trillion dollars (as of December 2012) has increased another 230 million dollars! (Board of Governors of the Federal Reserve System, 2013) This is a serious problem that consumers need to be made aware of. But not all credit is doom and gloom, credit is almost necessary for future business and personal ventures. Credit card and more specifically credit, is necessary to live our lives and can be useful in the event of emergencies but the consumer must be careful.