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Study Resources (Accounting)

What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment?  What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge? .
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1.Question :Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch.
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An employment agency gathers the following data on its clients: a.Age b.Gender c.Educational level (no high school, high school, associate’s, bachelor’s, master’s) d.Years of past experience e.Whether or not they have been successfully placed in employment by the agency Additionally, the following data is gathered for those who have been successfully placed: a.Starting salary b.Current salary c.Tenure.
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a. A database is created and shoppers are classified as online or in-person shoppers. Such classifications represent data of which scale? Explain your reasoning. b. Online and in-person shoppers are to be compared on their relative incomes. Income data represent data of which scale? Explain your reasoning c. If shoppers are.
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What is accrual accounting? Why do generally accepted accounting principles require accrual accounting?  What is the difference between accrual and cash accounting? When might an accountant use cash basis accounting without violating generally accepted accounting principles? .
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Why do generally accepted accounting principles require the use of lower of cost or market in valuing inventory?  What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? How does a company determine what cost flow assumption they should.
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  2)How much of whether executives have been divorced can be accounted for by their length of tenure with the organization? How much of tenure can be explained by whether there has been a divorce? 3)Make a logical argument for why lengthy tenure may be causing divorce. 4)Make another logical argument for why.
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1. Question : With reference to problem 1, what statistic determines the correlation of experience with productivity, controlling for age in experience? The regression coefficient.   The standard error of the estimate.     The semi-partial correlation.   The multiple correlation. 2. Question : In a problem where interest rates and.
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  d. Shoppers are asked to complete a customer satisfaction survey. In response to each question on the survey, the shoppers circle one of five answers: strongly agree, agree, neutral, disagree, or strongly disagree. Their responses are data of which scale? Explain your reasoning. e. What measure(s) of central tendency will.
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Reflect upon the ethical requirements imposed on businesses by the law and society. Sarbanes Oxley was enacted in response to widespread ethics violations. Do publicly traded companies owe ethical duties to their investors beyond making a profit? In the business world, is there a difference between what is fair and.
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Do small businesses and privately held companies have ethical duties? If so, to whom would they owe this duty? Employees? Customers? Vendors? Should the law impose ethical requirements on small businesses or privately held companies or can the marketplace police unethical business behavior? Provide support to justify your position .
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  IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain. IFRS 2-3: What terms commonly used under IFRS are synonymous with common stock and balance sheet? IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States.
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