Accounting

Did Amy have any obligations to file any tax returns of any sort for any year? If yes, what might the consequences of the failures to file be? Is there anything Amy could, or should do, to reduce the impact of any failures?

by

Tax Research Paper Facts The taxpayer is a London, England born citizen identified as Amy. Amy was born in the year of 1972 to her father George and mother Ida. George and Ida are US citizens that had once lived in Texas before the birth of their daughter Amy. The two had formerly held jobs … Read more

What are the current transportation issues facing New Yorkers? How will the current economic crisis affect these revenues? What additional issues do you foresee in the future?

by

Federal Government in Transportation Financing Please provide an overview of the role of the Federal Government in Transportation Financing . What funding streams are used to finance these projects?  What is the basis for the difference in level of funding between transportation modes ? Identify the rationale behind the Federal government’s level of involvement historically. … Read more

Describe the company, including business sector, products sold, competitors, and the geographic area where business is conducted.

by

Collaborative Learning Community (CLC) assignment. The purpose of this assignment is to use information from financial statements to compare current market share with competitors. Throughout the course, you will be applying what you learn about the principles and practices of financial accounting by completing an ongoing project called the Financial Statement Analysis Report on a … Read more

Indicate which costs incurred in acquiring the new printing press should be debited to the asset account.

by

Question Kelly Melnik owns and operates Aaladin Print Co. During July, Aaladin Print Co. incurred the following costs in acquiring two printing presses. One printing press was new, and the other was used by a business that recently filed for bankruptcy. Costs related to new printing press: 1. Sales tax on purchase price 2. Insurance … Read more

Spectrum Company : Journalize the entry or entries that should be made by the company.

by

Spectrum Company The following data were accumulated for use in reconciling the bank account of Spectrum Co. for July: a. Cash balance according to the company’s records at July 31, $8,346.50. b. Cash balance according to the bank statement at July 31, $9,066.35. c. Checks outstanding, $3,175.25. d. Deposit in transit, not recorded by bank, … Read more

The scope and objectives of the internal audit function vary widely and depend 1 on the size and structure of the entity and the requirements of its management.Which two of the following functions could internal audit perform and still operate effectively?

by

Internal Audit 1. The scope and objectives of the internal audit function vary widely and depend 1 on the size and structure of the entity and the requirements of its management. Which two of the following functions could internal audit perform and still operate effectively? A Examination of financial and operating information B Review of … Read more

Hire Company Ltd uses a lot of temporary employees. Which one of the following controls would best ensure that employees are only paid for work they have performed?

by

Employee Costs 1.Hire Company Ltd uses a lot of temporary employees. Which one of the following controls would best ensure that employees are only paid for work they have performed? A Temporary staff records should be maintained for each member of temporary staff. B Temporary staff should complete work schedules, authorised by their supervisor. C … Read more

For each of the following examples, select the type of internal control activity which it represents.Monthly management accounts are compared to budget and differences investigated.

by

Purchasing 1.For each of the following examples, select the type of internal control activity which it represents.Monthly management accounts are compared to budget and differences investigated. A Authorisation B Performance review C Information processing 2. Numerical sequence checks are undertaken on goods received records. D Authorisation E Performance review F Information processing 3. The auditor … Read more

Read the case study about Datahelp Ltd, at the end of this question, and produce a report on the risks and rewards of the business.

by

CASE STUDY Imagine it is now 31st March 2022. When Mark left university, he decided to run a business selling and repairing computers. In order to do this, he set up a limited company, Datahelp Limited. He planned to deposit £100 in the company’s bank account on 1 January 2022 and issue 100 shares, with … Read more

Explain the concept of scarcity and its influence on the definitions of Islamic economics

by

Humanomics a) Explain the concept of scarcity and its influence on the definitions of Islamic economics. b) Islamic Financial Systems (IFS) – Illustrate and Review the following: Significant phases and factors influencing the development of the IFS. Essential components and features of the Islamic Financial Systems. Critically analyse these in comparison to Conventional Financial systems. … Read more