Accounting

This is an appeal letter for a denied funds I’m trying to receive from my retirement. They are denying me my 410K funds although the CARES out is in forced due to COVID-19 that no one should be penalized or stopped from pulling save funds of retirement. Please provide a letter appealing this decision. Please […]

Answer the following questions: – How is the demand for lumber affected by the demand for housing? – Define market power, and then discuss the rationale for government regulation of firms with market power. – Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology? – What is the Lorenz curve? What does the Lorenz curve in Exhibit 2 illustrate?

1. Your parents or grandparents have asked for your advice on a reverse mortgage. Go to (Links to an external site.) and read about reverse mortgages. Now calculate how much of a payment your parents or grandparents would receive if they were born in 1924 and their home is worth $150,000. Use this forum to discuss the following: a. Based on your research, what would you advise your parents or grandparents to do? b. What are the pros and cons of reverse mortgages? 2. Comment on another classmate’s entry. ADD VALUE. Go to (Links to an external site.). Find the price of a car you would like to buy. Assume you bought this car at that price for business use and it has a residual value of 20% of the purchase price. Compute the depreciation each year under a 5-year straight-line depreciation. Then, calculate the depreciation using MACRS (Table 17.5 in the text). How does this depreciation represent the value of the car as it ages? Would this depreciation impact the amount of money you would spend on a car? Why or why not? Comment on another classmate’s entry. ADD VALUE. Two posts required for credit.

With knowledge of the accounting differences between IFRS and US GAAP look back on your views, only from the perspective of the quality of the financial statements. Knowing what you know now about IFRS treatment for PP&E, investment property, financial instruments etc. do you think the US should adopt IFRS to increase the quality of financial reporting? Please explain.

Identify a) the classes and associations in the following narrative, and b) draw a class diagram with multiplicities: “Paige runs a small frozen yogurt shop. She buys several flavors of frozen yogurt mix from her yogurt supplier. She buys plastic cups in several sizes from another supplier. She buys cones from a third supplier. She counts yogurt and cones as inventory, but she treats the cups as an operating expense and doesn’t track any cup inventory.” You can use Word or Excel to document tasks “a” and “b” above. Grading rubric: 1) Identified classes and associations in the narrative (3 points) 2) Draw a class diagram with multiplicities (3 points)

“Blast it!” said David Wilson, president of Teledex Company. “We’ve just lost the bid on the Koopers job by $2,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid.” Teledex Company manufactures products to customers’ specifications and uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labour cost to apply its manufacturing overhead (assumed to be all fixed) to jobs. The following estimates were made at the beginning of the year:   Department     Fabricating Machining Assembly Total Plant Manufacturing overhead $350,000 $400,000 $90,000 $ 840,000 Direct labour $200,000 $ 100,000 $300,000 $600,000 Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows:   Department     Fabricating Machining Assembly Total Plant Direct materials $ 3,000 $200 $1,400 $4,600 Direct labour $2,800 $500 $6,200 $9,500 Manufacturing overhead? Required: Using the company’s plantwide approach: Compute the plantwide predetermined rate for the current year. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labour cost. Under these conditions: Compute the predetermined overhead rate for each department for the current year. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Explain the difference between the manufacturing overhead that would have been applied to the Koopers job using the plantwide approach in question 1 (b) and using the departmental approach in question 2 (b). Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labour, and applied overhead). What was the company’s bid price on the Koopers job using a plantwide predetermined overhead rate? What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost?

Please post what you view as the appropriate responses to the above prompts. Your initial post should be 250-300 words. Please provide a response with a clear, well-formulated thesis; sentence structure, grammar, punctuation, and spelling count. Support ALL?posts with appropriate rationale and citations from readings; document sources using APA format.Q1: Simon just received a 30-Day letter from the IRS indicating a proposed assessment. Does he have to pay the additional tax? What are his options?  Q2: What is the difference between primary and secondary authorities? Explain the role of each authority type in conducting tax research. Note: i want you to get information from this website or book with cited please https://playerui.mheducation.com/#/epub/sn_0d37c#epubcfi(%2F6%2F72%5Bdata-uuid-202155d72fbc4ecdb9683fc50f219082%5D!%2F4%2F2%5Bdata-uuid-d20765d0a8b04f59a3317b9c871dcfdb%5D%2F18%5Bdata-uuid-e870cee93ecc4296a65b7f66e064a70a%5D%2F8%5Bdata-uuid-65741d24f60b4acb8684a629c54c5d54%5D) Also you can use other sources with that

Obtain Apple’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (A) from the investor relations section of the company’s Web site or (B) by using the company search feature of the SEC’s EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html.Based on the information in the company’s most recent annual report, answer the following questions In what industry does the company operate? How many years of information are reported on the company’s income statement? How much net income does the company report on its income statement for each year present? How much revenue does the company report on its income statement for each year presented? Within the notes to the financial statements, find the note on significant accounting policies. Based on the information in this note, when does the company recognize revenue? Based solely on the company’s net income, has the company’s performance improved, remained constant, or deteriorated over the periods presented? Briefly explain your answer.

Select one U.S. publicly traded company and review its most recent annual report. (You may use one of the three companies you selected for your Stock Journal assignment.)Use the Excel template provided to report assets, liabilities, equity, revenue, and income for your selected company. Determine changes in assets, liabilities, and equity. Determine changes in total revenue and net income. Describe the changes from the current and prior years in each of these key areas and whether the changes would be positive or negative from an investor/stockholder’s view. Use at least two quality references. Consider using the sources of information ideas above or searching and locating resources from the Strayer University Library. Note: Wikipedia and other Websites do not qualify as academic resources. the journal included week 3 to refer back to Record the current price of the stock for Pfizer Inc, China Mobile, and Chevron Corporation,  You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). Determine the current value of your total investment Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company. Evaluate the results of your current investment to provide your opinion/assessment of your investments. Consider the following questions as you provide your opinion: Why do you believe the stock increased, decreased, or remained static? Are you upset because your investment is worth less than $25,000?Are you happy with the result and the trend? Use at least two quality references. Consider using the sources of information ideas above or searching and locating resources from the Strayer University Library. Note: Wikipedia and other Websites do not qualify as academic resources.

The purpose of this assignment is to complete the FASB Codification Assignment. Complete Items 1-4. Item 1Access the glossary (Master Glossary) to answer the following what is a change in accounting estimate? How is a change in accounting principle distinguished from a “change in accounting estimate effected by a change in accounting principle?”Item 2What guidance does the codification provide concerning the format of accounting disclosures? Item 3In light of the full disclosure principle, investors and creditors need to know the balances for assets, liabilities, and equity as well as the accounting policies adopted by management to measure the items reported in the balance sheet.nstructions: Go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide codification references for your responses. Identify the literature that addresses the disclosure of accounting policies. How are accounting policies defined in the literature? What are the three scenarios that would result in a detailed disclosure of the accounting methods used? Item 4Your client is in the planning phase for a major plant expansion, which will involve the construction of a new warehouse. The assistant controller does not believe that interest costs can be included in the cost of the warehouse because it is a financing expense. Others on the planning team believe that some interest costs can be included in the cost of the warehouse, but no one could identify the specific authoritative guidance for this issue. Your supervisor asks you to research this issue. Instructions: Go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide codification references for your responses. Is it permissible to capitalize on interest in the cost of assets? Provide authoritative support for your answer. Discuss which assets qualify for interest capitalization. Is there a limit to the amount of interest that may be capitalized in a period? If interest capitalization is allowed, what disclosures are required? General RequirementsAPA style is not required, but solid academic writing?is expected. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance. Items 1-4 provided with permission for use in ACC-616 from Keiso, D. E., Weygandt, J. J., & Warfield, T. D. (2016). Intermediate accounting (16th ed.). Danvers, MA: John Wiley & Sons, Inc.(Also, I have attached what I have done. It is not complete, but it is a starting point)Notes from the Professor: Description Hello: I received a really great question on how best to approach the FASB Codification Assignment. This is what I provided–I hope this helps in developing your skills from ‘copy and paste’ to articulating in essay format our responses. Remember, we are not ‘just answering questions’…you demonstrated that skill as undergraduates. Now, we take the readings and synthesize what was written, paraphrase it in our own words, and properly cite our sources. What I would do, is first, you can have a header for each of the questions/topics. For example, I would have a header called: Item 1: Accounting Estimates and Accounting Changes. I would then have a paragraph that covers what a change in accounting estimate is, in your own words with an example (Cite your source though in the paragraph). I would then have another paragraph describing the differences between an accounting change and an accounting estimate (again, with example and citation). So, you can write a minimum of 2 paragraphs as if you are writing an essay response to these concepts. The key is can you articulate, through synthesis and paraphrasing the concepts and can you provide examples that demonstrate how the concept may be applied in practice. When we are covering information on guidance, it is more than just providing the link. Again, provide an essay response as to what concerns are addressed regarding accounting disclosures and provide examples.