November 8, 2018

Corporate Accounting Scandal

Assume that you are taking a written test as part of your interview for a position of mid-level accountant. To test your writing and technical skills, this test asks you to describe and explain a recent corporate accounting scandal in your own words to your future supervisor – Mr. Humphrey, the Chief Financial Officer. Use the library or internet to find an example of a recent (preferred in last 10 years) corporate scandal that involves expense, liabilities, revenue recognition, accounts receivable, or inventory situation.
November 8, 2018

The Payment Time Case

Assuming the standard deviation of the payment times for all payments is 4.2 days, construct a 95% confidence interval estimate to determine whether the new billing system was effective. State the interpretation of 95% confidence interval and state whether or not the billing system was effective. Using the 95% confidence interval, can we be 95% confident that µ ≤ 19.5 days? Using the 99% confidence interval, can we be 99% confident that µ ≤ 19.5 days? If the population mean payment time is 19.5 days, what is the probability of observing a sample mean payment time of 65 invoices less […]
November 8, 2018

Personal characteristics

• Explain two of your personal characteristics that you feel will be or are strengths if you decide to become a school administrator or ‌‌‌‌‍‌‍‌‍‌‌‌‍‌‍‌‍‍‌ move to a position with broader responsibilities. • Explain at least one area that you feel will be or is a challenge for you to master if you decide to enter administration or seek a position with broader responsibilities. • In terms of the broad areas of responsibility (finance, curriculum and instruction, facilities, etc.) that you have studied in this course: 1. What area will you or do you need assistance to learn prior to […]
November 8, 2018

Difference between remit and additive

– Describe the facts of the accident, the expert testimony and the holding and discuss two facts you believe the jury found persuasive – Explain the purpose and difference between remit and additive – Explain what the punitive damages are, when they tend to be awarded and why the jury awarded them in this case – Explain whether you believe McDonald’s corporate attitude played any role in the result and list two changes you believe they should have made as a result of this case.
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