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Broward College DQ 6

Good conversation for the previous chapter's question.

Broward College DQ 7

Select a company that maintains an inventory. Don't use a company that someone has already used. Please put the company name as the subject of your post. (No posting the company name only to hold it.

You have a job where you have a computer on your desk. Is it ok to access the internet for personal use during your workday? What are some of the positive and negative effects to you and your employer? Give a detailed explanation supporting your answer. I

You have a job where you have a computer on your desk. Is it ok to access the internet for personal use during your workday? What are some of the positive and negative effects to you and your employer?

Broward College DQ 9

Search the internet and find an instance of "Earnings Mismanagement" and "Fraud". Tell us:

Calculations Shown

8-1A      

For each of these five separate cases, identify the principle of internal control that is violated. Recommend what the business should do to ensure adherence to principles of internal control.

1. Heather Flatt records all incoming customer cash receipts for her employer and posts the customer payments to their respective accounts.    

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NO WORK SHOWN ONLY CORRECT ANSWERS

1. The strategy map is a tool that is used: (Points : 2)

as one of the key aspects of the contemporary management environment

to enhance the sustainability of the organization

to link the perspectives of the balanced scorecard

to organize the critical success factors of a companyQuestion 2. 2. Value activities can best be defined as: (Points : 2)

Activities that firms in the industry must perform to improve a product.

Calculations Shown

Indicate the effect of the following on the cash cycle: Accounts payable period goes up

Decrease

Increase

No change

 

Indicate the effect of the following on the cash cycle: Accounts payable turnover goes up

Increase

Decrease

No change

The Pampa Oil Company operates oil and gas exploration throughout the panhandle of Texas

The Pampa Oil Company operates oil and gas exploration throughout the panhandle of Texas. The firm recently was approached by a wildcatter named William “Wild Bill” Donovan with the prospect to develop what he thought was a sure thing. Wild Bill owned the lease and wanted to sell it to Pampa to meet some other pressing gambling debts. The exploration would involve efforts expended over the period of one year and cost $600,000 (which for simplicity we assume is paid at the end of the year).

Calculations Shown

a. Inflation is expected to average four percent for the long term and Mr. Smith earned $50,000 this year. How much must he earn in 20 years just to keep up with inflation and maintain the balance between his income and his increasing expenditures?

b. Jamie wants to have $2,000,000 for her retirement in 25 years. How much should she save annually if she thinks she can earn 10 percent on her investments?

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