Differential Analysis Involving Opportunity Costs On July 1, Coastal Distribution Company is considering leasing a building and buying the necessary equipment to operate a public warehouse. Alternatively, the company could use the funds to invest in $740,000 of 5% U.S. Treasury bonds that mature in 14 years. The bonds could be purchased at face value. … Read more

BACKGROUNDYou are a partner in the professional ethics division of your firm’s national office, responsiblefor investigating possible ethical violations by your firm’s personnel. You just finished readingnews reports that the PCAOB and SEC are investigating an alleged “audit failure” by your firmin its audit of Futuristic Technologies Incorporated (“FTI”) for the year ended December 31,2019. … Read more

In this assignment students are required to use the: • General Ledger • Banking • Sales – Accounts Receivable • Purchases – Accounts payable • Inventory modules of the MYOB computer accounting program to process transactions and to produce a set of accounting reports relating to business operations. Input Business data The business is a … Read more

Question is in the file, just two questions but need to be down by 10pm today. The book is uploaded. thanks for helping. 1. In the probability review in class, we showed an easier way to compute the Expected value (average) of the sum of two dice, by using the Linearity of Expectations. (a) Show … Read more

Betty and Tony Abscond have hired you to overview their Enterprise Resource Planning (ERP) system for their business Looking for Love? (LFL), an online dating site. They have requested this review as a result of a recent media release they read on the Australian Competition and Consumer Commission (ACCC) website titled “Scams cost Australians half … Read more

Set-up the business in MYOB – Remember to incorporate YOUR NAME as part of the company name. 2. Modify the chart of accounts as required to ensure that the transactions affecting the company are recorded and classified correctly. 3. Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, … Read more

Assignment Topic – Auditors and Legal Liability Read the following extract from the ACCA (the Association of Chartered Certified Accountants) website, which is the global body for professional accountants, as stated: “Over the past two decades the bill for litigation settlements of Big Four audit firms alone has run into billions of dollars. Examples include … Read more

P1-4 Basic cost system; journal entries; financial statements similar to Self-Study Problem 1 The post-closing trial balance of Beamer Manufacturing Co. on April 30 is reproduced as follows: Beamer Manufacturing Co. Post-Closing Trial Balance April 30, 2011 Cash . . . . . . . . . . . . . . . . . … Read more

. The balance sheet of Ms. Prompt Truck Rental on December 31st is as follows: After December 31st, M/s Prompt Truck Rental had the following transactions for a short period: a. Bought office equipment at a cost of $2,700. Paid in cash. b. Collected $4,000 of accounts receivable. c. Paid $3,200 of accounts payable. d. … Read more

You are the audit manager at Deloitte and you are finalising the audits for 30 June 2021. The following independent and material matters have come to your attention: 1. WorldCom.Social Ltd provides social housing to approximately 1500 tenants at below normal market rents. WorldCom.Social is a reporting entity under the Corporations Act. During the year, … Read more