Although the customers only needed the shipment the following year, this would be a way to exceed the targeted budget. Instead of offering the customers an early discount for receiving the merchandise earlier, Campbell sent the merchandise and reported the sales to be included in the financial reports. As a result of this procedure, the reported sales for the fourth quarter exceeded the budgeted amount with $80,000.00. The actual sales revenue for the year was over with $14,000.00. The internal auditors questioned why the two shipments were done before December 31, since the requested dates were in the following year.
If the sales outlook for the coming three years was only 20,000,000 and B.E. continued producing at the rate of 30,000,000 units, a total of 10,000,000 units would be dumped into ending inventory at the end of each year once again reducing costs of goods sold and falsely increasing income. By the end of year 2013, B.E. Company would have 35,000,000 units sitting in ending inventory taking up space and costing money to store. Once again if the president’s bonus is based off of net income, this situation is the most favorable for a high paying bonus and encourages stockpiling inventory to inflate net income.
ECO 372 FINAL EXAM 1. Consider if the government instituted a 10% income tax surcharge. In terms of the AS/AD model this change should have a. shifted the AD curve to the left b. shifted the AD curve to the right c. made the AD curve flatter d. made AD curve steeper 2. If the depreciation of a country’s currency increases it aggregate expenditures by 20, the AD curve will a. shift right by more than 20 b. shift right by less than 20 c. shift right by exactly 20 d. not shift at all 3. Suppose that consumer spending is expected to decrease in the near future.
If this was your client, what would you say and do? Be specific. Why would you respond that way? 2. What are your personal values on this ethical issue?
With this frame of mind, they lack the motivation to do better and succeed. ), Collectivism (The w/c value being part of a group. This may hold them back as they will take the group’s decision on something, which may be to not attend school, not revise etc. ), Immediate gratification vs. deferred gratification (The w/c believe in IG where they want the reward straight away. This can affect their education as they will not want to stay on in further education, as they can get a job and make money straight away.
Accounts Payable Home depot reported its January 31, 2010 accounts payable at $4,863,000 and on January 30, 2011 the same was reported the following fiscal year at $4,717,000. There is a loss of ($-146,000) which possibly indicates the repayment of construction loans, now that Home Depot now operates over 2,000 retail locations with 1,976 in the USA, 179 stores in Canada, 85 stores in Mexico and 8 stores in China. (Home Depot, 2011). Total Current Liabilities The total current liabilities for the home depot organization in January 31, 2010 was reported at $10,363,000 and the same was reported the following fiscal year on in January 30, 2011 at $10,122,000, once again there is a decrease from 2010 to 2011. Two Largest Current Liabilities
NCLB set forth a certain criteria to be met, but allowed the states to determine how they would accomplish it. Therefore, each state handles assessment and accountability differently. This makes it hard to show success or failure of the programs. Supporters and critics alike can cite research that supports their opinion. My opinion of NCLB is it is flawed, developmentally inappropriate, ill funded, ←and→ leaving more students, teachers, ←and→ schools behind than ever before because The tests have turned into the objective of classroom instruction rather than the measure of teaching ←and→ learning.
There is an average of 1,395,000 tax returns filed in Iowa every year (Average Refund by State). Of those, approximately 81% receive a refund with refunds averaging at $2543.51. If I limit myself to the 50401 area code, for the sake of conservative numbers, there is a population of 29837 (Free 50401 ZIP Code Map). Based on the number of competitors in the area, first calculate 81% of the populate who will receive refunds, then estimate 7% of those filing returns will use Business’ services. This equates to about 1700 people.
Others should agree as well. PA public schools should not be required to wear uniforms. Uniforms cause a lack of freedom of expression. With wearing clothing of our own choosing, comes a way to express ourselves and our personalities “Since clothing is considered an expression of identity or religious belief, mandating school uniforms is considered a violation of students' right to free expression”. (“Point: The High Cost of School Uniforms”).
If we needed Average daily Attendance to determine what would or should be the proper funds attendance rates would lower the funds that would be allotted to my school and schools overall. We cannot control the attendance of others we can only encourage great attendance. The school districts that service and educate a large number of students are given more money because it is divided on a particular amount of money, or funds per student. In many under privileged areas they see more